Phillips 66 PSX

255.75 (0.12) (0.05%) as of 25 Sep
Market cap
$101.3B
P/E
14.5×
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Phillips 66 (PSX) Gross margin

Phillips 66's gross margin over the twelve months to 30 June 2026 was 13.1%, up 0.8 percentage points from fiscal 2025 (12.3%). Over the past ten years it has ranged from 8.41% (fiscal 2021) to 25.9% (fiscal 2016); the current reading is higher than 64% of that period. That is above the Oil & Gas Refining & Marketing industry median of 12.2% and below the Energy sector median of 49.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 12.3% 3.09
FY2024 9.21% (3.89)
FY2023 13.1% 1.30
FY2022 11.8% 3.39
FY2021 8.41% (1.60)
FY2020 10.0% (0.95)
FY2019 11.0% (1.18)
FY2018 12.1% (10.28)
FY2017 22.4% (3.46)
FY2016 25.9% 0.04

Quarterly

Period Gross margin Change (points)
Jun 2026 14.4% 4.17
Mar 2026 10.2% (4.35)
Dec 2025 14.6% 2.12
Sep 2025 12.5% (0.29)
42 more quarters

Against its own ten years

Low 8.41% High 25.9%
Ten-year median 12.1%
Current reading's percentile 64

Gross margin against peers

Company Gross margin
DINO HF Sinclair Corporation compare 20.1%
IEP Icahn Enterprises L.P. compare 14.5%
PSX Phillips 66 13.1%
MPC Marathon Petroleum Corporation compare 12.5%
SUN Sunoco LP compare 11.9%
PBF PBF Energy Inc. compare 11.6%
UGP Ultrapar Participacoes S.A. compare 8.44%
VLO Valero Energy Corporation compare 8.03%
CVI CVR Energy Inc. compare 6.10%
Oil & Gas Refining & Marketing industry median 12.2%
Energy sector median 49.5%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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