Phillips 66
PSX NYSE· Oil & Gas Refining & Marketing
Last close · Oct 26, 2026
$288.85
KIRA · Stoqly’s AI analyst, in plain words
- Phillips 66 had $132.4B of revenue in fiscal 2025, down 7.5% on the year before. Over five years, revenue changed +15.6% a year on average.
- Phillips 66 made $4.4B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 15.6% a year.
- Phillips 66 returned $3.1B to shareholders in fiscal 2025. The diluted share count fell 3.3%.
- Phillips 66 owes $18.6B more than it holds in cash, about 1.9 years of operating profit.
Market cap
$116.3B
P/E
16.5x
Revenue
$132.4B
Net income
$4.4B
Free cash flow
—
Operating margin
—
Phillips 66 in 30 seconds · fiscal 2025
Are sales growing?
−7.5%
No. Sales fell 7.5% last year.
Does it make a profit?
3.3%
A little. It keeps 3.3% of every sale as profit.
Is debt under control?
1.9x
Keep an eye on it. Repaying its debt would take 1.9 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
16.5x
One share costs 16.5 times its yearly profit per share. Typical for its sector: 17.4x.
What Phillips 66 does
Phillips 66 turns crude oil and other raw materials into fuels and chemicals, and moves and sells them. Its customers include fuel retailers, industrial buyers and other companies that use gasoline, jet fuel, lubricants, plastics and natural gas products. It was split off from ConocoPhillips in 2012. It has five segments. Midstream moves and stores crude oil and refined products and gathers, processes and ships natural gas and natural gas liquids. Chemicals is its 50% equity stake in Chevron Phillips Chemical Company (CPChem), which makes petrochemicals and plastics. Refining ran 10 refineries in the United States and Europe at the end of 2025. Marketing and Specialties buys and sells refined products and makes base oils and lubricants. Renewable Fuels makes fuels from renewable raw materials at its Rodeo complex in California and its Humber Refinery in the UK. In 2025 it bought the Coastal Bend assets, which include long-distance natural gas liquids pipelines and processing plants.
Biggest risks, in its own words
- Refining and chemical margins that swing with market conditions it does not control.
- Plant downtime, accidents and other operating hazards at its refineries and pipelines.
- Relying on joint ventures, such as CPChem, which limit its control over risk.
- Demand for fossil fuels falling because of emissions rules, climate concerns and changing technology.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- Phillips 66
- CIK
- 0001534701
Phillips 66 · PSX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $111.5B | $170.0B | $147.4B | $143.2B | $132.4B |
| Revenue growth | 73.8% | 52.5% | −13.3% | −2.9% | −7.5% |
| Gross margin | 8.4% | 11.8% | 13.1% | 9.2% | 12.3% |
| Net income | $1.3B | $11.0B | $7.0B | $2.1B | $4.4B |
| Net margin | 1.2% | 6.5% | 4.8% | 1.5% | 3.3% |
| Diluted EPS | $2.97 | $23.27 | $15.48 | $4.99 | $10.79 |
| Cash | |||||
| Cash from operations | $6.0B | $10.8B | $7.0B | $4.2B | $5.0B |
| Dividends paid | $1.6B | $1.8B | $1.9B | $1.9B | $1.9B |
| Share buybacks | $0.0M | $1.5B | $4.0B | $3.5B | $1.2B |
| Share count change | 0.2% | 7.6% | −4.3% | −6.9% | −3.3% |
| Debt and strength | |||||
| Cash and short-term investments | $3.1B | $6.1B | $3.3B | $1.7B | $1.1B |
| Debt incl. finance leases | $14.4B | $17.2B | $19.4B | $20.1B | $19.7B |
| Shareholders' equity | $19.2B | $29.5B | $30.6B | $27.4B | $29.1B |
| Net debt / EBITDA | 2.9x | 0.7x | 1.3x | 3.1x | 1.9x |
| Current ratio | 1.2x | 1.4x | 1.3x | 1.2x | 1.3x |
| Interest coverage | 4.1x | 25.0x | 12.3x | 3.9x | 6.4x |
| Returns and quality | |||||
| Return on capital | 6.2% | 30.4% | 17.0% | 6.2% | 11.2% |
| Return on equity | 6.9% | 45.3% | 23.4% | 7.3% | 15.6% |
| Piotroski F-score | 6 | 7 | 6 | 4 | 8 |
| Altman Z'' | 2.1 | 3.8 | 3.4 | 2.7 | 3.1 |
Insiders bought, 12 months
$0.1M
1 insider
Insiders sold, 12 months
$7.5B
7 insiders
Of sales under plans
99%
$7.4B
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Phillips 66 · PSX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Phillips 66 PSX | $116.3B | −7.5% | — | — | 11.2% | 16.5x | 8 |
| Marathon Petroleum MPC | $136.5B | −4.4% | 6.3% | 3.6% | 13.6% | 16.2x | 8 |
| Valero Energy VLO | $125.5B | −5.5% | 2.6% | — | 7.2% | 17.7x | 6 |
| World Kinect WKC | $1.9B | −12.5% | −1.5% | 0.6% | −20.9% | — | 5 |
| PBF Energy PBF | $9.8B | −11.4% | −0.2% | −2.7% | −0.6% | 7.1x | 4 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $288.85 a share, the company is worth $116.3B: 16.5 times its earnings of the last four quarters.
Phillips 66 grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001534701). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.