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. In the quarter to June 2026, revenue grew 53.1%, EPS grew 346.1%, free cash flow grew 2,432.2% and total debt fell 1.77%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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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
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Annual newest first
| 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 newest first
| 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 | Free account |
Against its own ten years
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 | 46.2% |
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
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