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) Operating margin
Phillips 66's operating margin over the twelve months to 30 June 2026 was 5.74%, up 1.4 percentage points from fiscal 2025 (4.30%). Over the past ten years it has ranged from −8.80% (fiscal 2020) to 7.22% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Oil & Gas Refining & Marketing industry median of 5.35% and below the Energy sector median of 14.5%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 4.30% | 3.03 |
| FY2024 | 1.27% | (4.41) |
| FY2023 | 5.68% | (1.54) |
| FY2022 | 7.22% | 7.74 |
| FY2021 | −0.52% | 8.28 |
| FY2020 | −8.80% | (11.14) |
| FY2019 | 2.34% | (2.36) |
| FY2018 | 4.70% | 2.49 |
| FY2017 | 2.21% | 0.90 |
| FY2016 | 1.31% | (3.57) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 9.14% | 8.21 |
| Mar 2026 | 0.93% | (9.73) |
| Dec 2025 | 10.7% | 10.29 |
| Sep 2025 | 0.37% | (3.30) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MPC Marathon Petroleum Corporation compare | 9.20% |
| DINO HF Sinclair Corporation compare | 8.28% |
| VLO Valero Energy Corporation compare | 7.18% |
| PBF PBF Energy Inc. compare | 5.78% |
| PSX Phillips 66 | 5.74% |
| UGP Ultrapar Participacoes S.A. compare | 4.95% |
| SUN Sunoco LP compare | 4.76% |
| CVI CVR Energy Inc. compare | 4.12% |
| IEP Icahn Enterprises L.P. compare | 1.07% |
| Oil & Gas Refining & Marketing industry median | 5.35% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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