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

248.06 11.57 −4.46%
Market cap
$96.4B
P/E
7.9×
Fwd P/E
8.9×
Dividend yield
2.02%
F-score
7/9
Altman Z
3.47
Beneish M
−2.82
Dividend safety
58/100

Phillips 66 (PSX) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Phillips 66 (PSX) trades at a price to free cash flow of 8.0×. Over the past ten years it has ranged from 0.0× (June 2021) to 624× (June 2026); the current reading is higher than 34% of that period. That is above the Oil & Gas Refining & Marketing industry median of 5.9× and below the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 19.2× (6.48%)
FY2024 20.5× 65.51%
FY2023 12.4× 132.37%
FY2022 5.3× (30.41%)
FY2021 7.7× —
FY2020 0.0× —
FY2019 53.8× 554.38%
FY2018 8.2× (71.52%)
FY2017 28.9× (92.50%)
FY2016 385× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 8.2× (22.63%)
Jun 2026 10.6× (98.28%)
Mar 2026 615× 3,105.99%
Dec 2025 19.2× (52.86%)
43 more quarters

Against its own ten years

Low 0.0× High 624×
Ten-year median 13.0×
Current reading's percentile 34

Price to free cash flow against peers

Company Price to free cash flow
PBF PBF Energy Inc. compare 3.2×
UGP Ultrapar Participacoes S.A. compare 4.1×
SUN Sunoco LP compare 4.3×
MPC Marathon Petroleum Corporation compare 4.8×
CVI CVR Energy Inc. compare 4.8×
DINO HF Sinclair Corporation compare 5.4×
DK Delek US Holdings, Inc. compare 5.7×
VLO Valero Energy Corporation compare 7.1×
PSX Phillips 66 8.0×
Oil & Gas Refining & Marketing industry median 5.9×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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