# Murphy USA Inc. (MUSA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Specialty Retail. Price $511.33, market value $9.4 billion.

## Valuation
- **P/E (trailing): 15.7×** (5-yr avg 14.8×, 3-yr avg 17.1×). Murphy USA Inc. trades at 15.7× trailing earnings, close to its own five-year average of 14.8×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 16.7×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 12.0×**. The shares trade at 12.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 9.6×**. Enterprise value is 9.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.8%** (5-yr avg 6.7%). Free cash flow equals 5.8% of the market value, in line with its five-year average of 6.7%. Above 5% is generally attractive.
- **Earnings yield: 6.4%**. The inverse of the P/E: 6.4% of the price is earned each year.

## Profitability
- **Operating margin: 4.3%**. 4.3% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 2.4%**. 2.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 75.5%**. A 75.5% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 25.3%**. Return on all capital, debt included, is 25.3%: comfortably above what that capital costs.
- **Return on assets: 13.1%**. Each dollar of assets produces 13.1% of profit.

## Growth
- **Revenue growth (1 yr): -4.2%** (3-yr -6.1%/yr, 5-yr 11.5%/yr). Revenue fell 4.2% over the last year, against 11.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -0.0%** (3-yr -5.0%/yr, 5-yr 13.0%/yr). Earnings per share fell 0.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -18.4%/yr**. Free cash flow has compounded at -18.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 3.50**. Debt is 3.50 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 7.9×**. Operating profit covers interest 7.9× over, a safe margin.
- **Current ratio: 0.80** (quick 0.80). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 6.12**. A Z-score of 6.12 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.51%** ($2.43 per share, trailing). Murphy USA Inc. yields 0.51%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 9%** (8% of free cash flow). 9% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 53.8%/yr** (1-yr 20.1%). The dividend has compounded at 53.8% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Murphy USA Inc.; the consensus is buy, with an average price target of $622.70 (+22% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 37.5%** (YTD 27.1%, 3-mo -6.4%). The shares are up 37.5% over twelve months including dividends.
- **From 52-week high: -19.6%** (46.2% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): -0.60** (volatility 41%). Beta of -0.60 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MUSA · Page: https://foliofundamentals.com/stocks/musa

Not investment advice.