Phillips 66

PSX Energy Oil & Gas Refining & Marketing

Phillips 66’s revenue for fiscal 2025 (year ended December 2025) was $132.4 billion, down 7.53% from fiscal 2024.

Revenue
+46.4%
EPS
+4,338.6%
Free cash flow
+936.3%
Total debt
−14.8%

Quarter to September 2026, against a year earlier

245.03 2.01 −0.81%
Market cap
$96.4B
P/E
7.8×
Fwd P/E
8.9×
Dividend yield
2.04%
F-score
7/9
Altman Z
3.47
Beneish M
−2.82
Dividend safety
58/100

Phillips 66 (PSX) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, Phillips 66 (PSX) trades at a EV/EBITDA of 6.1×. Over the past ten years it has ranged from 0.0× (December 2021) to 50.0× (February 2022); the current reading is higher than 22% of that period. That is above the Oil & Gas Refining & Marketing industry median of 4.8× and in line with the Energy sector median of 6.1×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 7.9× (49.72%)
FY2024 15.7× 112.97%
FY2023 7.4× 74.97%
FY2022 4.2× (89.79%)
FY2021 41.2× —
FY2020 0.0× —
FY2019 15.6× 111.91%
FY2018 7.4× (55.42%)
FY2017 16.5× (29.04%)
FY2016 23.2× 174.68%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 6.3× (13.04%)
Jun 2026 7.3× (36.10%)
Mar 2026 11.4× 44.38%
Dec 2025 7.9× (43.60%)
43 more quarters

Against its own ten years

Low 0.0× High 50.0×
Ten-year median 9.4×
Current reading's percentile 22

EV/EBITDA against peers

Company EV/EBITDA
PBF PBF Energy Inc. compare 1.7×
DK Delek US Holdings, Inc. compare 2.6×
DINO HF Sinclair Corporation compare 3.0×
UGP Ultrapar Participacoes S.A. compare 4.1×
CVI CVR Energy Inc. compare 4.6×
VLO Valero Energy Corporation compare 4.8×
MPC Marathon Petroleum Corporation compare 4.9×
SUN Sunoco LP compare 6.0×
PSX Phillips 66 6.1×
Oil & Gas Refining & Marketing industry median 4.8×
Energy sector median 6.1×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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