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Murphy USA Inc. (MUSA) Fundamental Analysis & AI Grade 2026

MUSA NYSE Retail-Auto Dealers & Gasoline Stations DE CIK: 0001573516
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
74% Confidence
STRONG AGREEMENT
B
78% Conf
B
70% Conf

📊 MUSA Key Takeaways

Revenue: $4.8B
Net Margin: 2.8%
Free Cash Flow: $221.7M
Current Ratio: 0.83x
Debt/Equity: 3.24x
EPS: $7.28
AI Grade: B with 78% confidence
Murphy USA Inc. (MUSA) receives a B fundamental grade with 74% confidence from our AI analysis based on SEC 10-K filings. With revenue of $4.8B, net profit margin of 2.8%, and return on equity (ROE) of 20.7%, Murphy USA Inc. demonstrates mixed fundamentals in the Automotive sector. Below is our complete MUSA stock analysis for 2026.

Is Murphy USA Inc. (MUSA) a Good Investment?

Claude

Murphy USA demonstrates solid operational cash generation ($221.7M FCF) and strong ROE (20.7%), but deteriorating fundamentals present significant concerns. Revenue and net income both contracted YoY while the company carries excessive leverage (3.24x Debt/Equity) and weak liquidity (0.83x current ratio), creating vulnerability to further margin compression.

ChatGPT

Murphy USA shows resilient profitability—double-digit ROA, strong interest coverage, and solid free cash flow—despite a modest YoY revenue decline. Positive FCF after sizable capex indicates durable cash generation to fund reinvestment and service debt. However, elevated leverage and tight liquidity constrain flexibility, warranting a neutral stance until growth re-accelerates or the balance sheet strengthens.

Murphy USA Inc. Key Strengths (MUSA)

Claude
  • + Strong free cash flow generation of $221.7M with 4.6% FCF margin demonstrates core business profitability
  • + Exceptional return on equity of 20.7% indicates efficient capital deployment despite leverage
  • + Adequate interest coverage ratio of 4.1x supports debt service capability at current earnings levels
ChatGPT
  • + Robust operating cash flow with positive FCF after significant capex
  • + High capital efficiency (ROA 10%, ROE 75% aided by leverage)
  • + Strong interest coverage (14.4x) supports debt service capacity

MUSA Stock Risks: Murphy USA Inc. Investment Risks

Claude
  • ! Revenue decline of 4.2% YoY and net income contraction of 6.3% signal deteriorating market conditions or competitive pressure
  • ! Current ratio of 0.83x and quick ratio of 0.48x indicate potential short-term liquidity stress
  • ! Excessive leverage at 3.24x Debt/Equity with $2.1B long-term debt becomes untenable if earnings trajectory continues downward
ChatGPT
  • ! Elevated leverage (3.47x D/E) and weak liquidity (current 0.80x, quick 0.36x)
  • ! Top-line and net income declines YoY; fuel margin cyclicality
  • ! Very low cash balance relative to scale and working capital needs

Key Metrics to Watch

Claude
  • * Revenue trend reversal - must stabilize or show growth to justify leverage levels
  • * Current and quick ratios - monitor for further deterioration indicating refinancing risk
  • * Operating margin pressure - thin 4.3% margin leaves minimal buffer for adverse conditions
  • * Free cash flow sustainability - ensure FCF remains positive to service $2.1B debt load
ChatGPT
  • * Free cash flow and OCF-to-NI conversion
  • * Leverage and liquidity (Debt/Equity, current ratio, interest coverage)

Murphy USA Inc. (MUSA) Financial Metrics & Key Ratios

Revenue
$4.8B
Net Income
$136.3M
EPS (Diluted)
$7.28
Free Cash Flow
$221.7M
Total Assets
$4.9B
Cash Position
$118.6M

💡 AI Analyst Insight

The relatively thin 4.6% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.

MUSA Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 4.3%
Net Margin 2.8%
ROE 20.7%
ROA 2.8%
FCF Margin 4.6%

MUSA vs Automotive Sector: How Murphy USA Inc. Compares

How Murphy USA Inc. compares to Automotive sector averages

Net Margin
MUSA 2.8%
vs
Sector Avg 6.0%
MUSA Sector
ROE
MUSA 20.7%
vs
Sector Avg 12.0%
MUSA Sector
Current Ratio
MUSA 0.8x
vs
Sector Avg 1.2x
MUSA Sector
Debt/Equity
MUSA 3.2x
vs
Sector Avg 1.0x
MUSA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Murphy USA Inc. Stock Overvalued? MUSA Valuation Analysis 2026

Based on fundamental analysis, Murphy USA Inc. has mixed fundamental signals relative to the Automotive sector in 2026.

Return on Equity
20.7%
Sector avg: 12%
Net Profit Margin
2.8%
Sector avg: 6%
Revenue Growth
N/A
Year-over-year
Debt/Equity
3.24x
Sector avg: 1x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Murphy USA Inc. Balance Sheet: MUSA Debt, Cash & Liquidity

Current Ratio
0.83x
Quick Ratio
0.48x
Debt/Equity
3.24x
Debt/Assets
86.5%
Interest Coverage
4.12x
Long-term Debt
$2.1B

MUSA Revenue & Earnings Growth: 5-Year Financial Trend

MUSA 5-year financial data: Year 2021: Revenue $17.4B, Net Income $154.8M, EPS $4.86. Year 2022: Revenue $23.4B, Net Income $386.1M, EPS $13.08. Year 2023: Revenue $23.4B, Net Income $396.9M, EPS $14.92. Year 2024: Revenue $23.4B, Net Income $672.9M, EPS $28.10. Year 2025: Revenue $21.5B, Net Income $556.8M, EPS $25.49.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Murphy USA Inc.'s revenue has grown significantly by 24% over the 5-year period, indicating strong business expansion. The most recent EPS of $25.49 reflects profitable operations.

MUSA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
4.6%
Free cash flow / Revenue

MUSA Quarterly Earnings & Performance

Quarterly financial performance data for Murphy USA Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $4.5B $53.2M $2.63
Q3 2025 $5.1B $53.2M $6.76
Q2 2025 $5.0B $53.2M $6.92
Q1 2025 $4.5B $53.2M $2.63
Q3 2024 $5.2B $66.0M $7.20
Q2 2024 $5.5B $66.0M $6.02
Q1 2024 $4.8B $66.0M $3.12
Q3 2023 $5.8B $106.3M $7.69

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Murphy USA Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$320.0M
Cash generated from operations
Stock Buybacks
$70.5M
Shares repurchased (TTM)
Capital Expenditures
$98.3M
Investment in assets
Dividends Paid
$11.7M
Returned to shareholders

MUSA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Murphy USA Inc. (CIK: 0001573516)

📋 Recent SEC Filings

Date Form Document Action
May 27, 2026 4 xslF345X06/form4.xml View →
May 27, 2026 8-K musa-20260527.htm View →
May 18, 2026 4 xslF345X06/form4.xml View →
May 12, 2026 8-K musa-20260512.htm View →
May 12, 2026 8-K musa-20260512.htm View →

Frequently Asked Questions about MUSA

What is the AI rating for MUSA?

Murphy USA Inc. (MUSA) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MUSA's key strengths?

Claude: Strong free cash flow generation of $221.7M with 4.6% FCF margin demonstrates core business profitability. Exceptional return on equity of 20.7% indicates efficient capital deployment despite leverage. ChatGPT: Robust operating cash flow with positive FCF after significant capex. High capital efficiency (ROA 10%, ROE 75% aided by leverage).

What are the risks of investing in MUSA?

Claude: Revenue decline of 4.2% YoY and net income contraction of 6.3% signal deteriorating market conditions or competitive pressure. Current ratio of 0.83x and quick ratio of 0.48x indicate potential short-term liquidity stress. ChatGPT: Elevated leverage (3.47x D/E) and weak liquidity (current 0.80x, quick 0.36x). Top-line and net income declines YoY; fuel margin cyclicality.

What is MUSA's revenue and growth?

Murphy USA Inc. reported revenue of $4.8B.

Does MUSA pay dividends?

Murphy USA Inc. pays dividends, with $11.7M distributed to shareholders in the trailing twelve months.

Where can I find MUSA SEC filings?

Official SEC filings for Murphy USA Inc. (CIK: 0001573516) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MUSA's EPS?

Murphy USA Inc. has a diluted EPS of $7.28.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is MUSA's fundamental grade?

Based on our AI fundamental analysis in May 2026, Murphy USA Inc. has a B grade with 74% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is MUSA stock overvalued or undervalued?

Valuation metrics for MUSA: ROE of 20.7% (sector avg: 12%), net margin of 2.8% (sector avg: 6%). Higher ROE suggests strong returns relative to peers.

What is MUSA's AI grade for 2026?

Our dual AI analysis gives Murphy USA Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MUSA's free cash flow?

Murphy USA Inc.'s operating cash flow is $320.0M, with capital expenditures of $98.3M. FCF margin is 4.6%.

How does MUSA compare to other Automotive stocks?

Vs Automotive sector averages: Net margin 2.8% (avg: 6%), ROE 20.7% (avg: 12%), current ratio 0.83 (avg: 1.2).

Is Murphy USA Inc. carrying too much debt?

MUSA has a debt-to-equity ratio of 3.24x, which is above the Automotive sector average of 1x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI