Pricing Log in Create free account
Saturday 17 October 2026 Export PSX’s income statement to Excel — free account

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.

293.51 4.31 +1.49%
Market cap
$115.4B
P/E
16.7×
Fwd P/E
9.2×
Dividend yield
1.71%
F-score
7/9
Altman Z
3.47
Beneish M
−2.82
Dividend safety
58/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.06
Total sells 65.51
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — 1 — — — — —
Sell 2 1 1 2 4 — 1 — 3 4 1 —
Insider Ownership 0.61%

Capital & Financial Ratios $m

Market Cap 115,400.00
Revenue 152,167.00
Net Income 7,192.00
Free Cash Flow 6,394.00
Net Debt 16,466.00
Current Ratio 1.32
Debt/Equity 0.63
P/E ratio 16.66
Fwd P/E 9.15
P/S ratio 0.77
P/B ratio 3.60
Past 5Y EPS Growth —
This Y EPS Growth 384.47% (at or above 15%: strong)
Next Y EPS Growth (1.87%) (below 0%: weak)
Next Y revenue growth 26.92% (at or above 10%: strong)
Next 5Y EPS Growth 49.22% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2023 to 0.9× in 2026.
P/E against its own 10 years 66.14%
10-year low 10-year high
P/S against its own 10 years 99.96%
10-year low 10-year high
P/B against its own 10 years 99.96%
10-year low 10-year high
EV/Sales against its own 10 years 99.96%
10-year low 10-year high
EV/FCF against its own 10 years 53.53%
10-year low 10-year high

Dividends

Payout Ratio 0.29
Annual Dividend Rate 5.01
Annual Dividend Yield 1.71%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 5.09
1.27
1.27
1.27
2025 4.75
1.15
1.20
1.20
1.20
2024 4.50
1.05
1.15
1.15
1.15
2023 4.20
1.05
1.05
1.05
1.05
2022 3.83
0.92
0.97
0.97
0.97
2021 3.62
0.90
0.90
0.90
0.92
2020 3.60
0.90
0.90
0.90
0.90
2019 3.50
0.80
0.90
0.90
0.90
2018 3.10
0.70
0.80
0.80
0.80
2017 2.73
0.63
0.70
0.70
0.70
2016 2.45
0.56
0.63
0.63
0.63
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,323 1,738 1,116 4,099
Receivables 11,730 11,033 9,771 11,717
Inventory 3,750 3,995 5,097 5,922
Other — — — —
19,941 17,910 17,271 24,221
2023 2024 2025 Q'26
Payables 10,901 10,304 8,867 12,049
ST’ Debt 1,482 1,831 1,038 1,797
Other 2,273 1,892 2,059 2,496
15,856 15,087 13,326 18,354

Compound Annual Growth %

10y 5y 3y
Sales 2.95% 15.60% (8.00%)
Cash Flow (1.40%) 18.64% (22.87%)
Earnings 0.41% 0.00% (26.36%)
Book Value 2.36% 7.04% (3.93%)

Revenue $m

Mar Jun Sep Dec Year
’26 32,540 51,004 — — —
’25 30,430 33,323 34,515 34,108 132,376
’24 35,811 38,129 35,528 33,685 143,153
’23 34,396 35,090 39,643 38,270 147,399
’22 36,179 48,577 44,955 40,279 169,990
’21 21,627 27,002 30,243 32,604 111,476
’20 20,878 10,913 15,929 16,409 64,129
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,264) 7,259 — — —
’25 187 845 1,178 2,752 4,962
’24 (236) 2,097 1,132 1,198 4,191
’23 1,199 955 2,685 2,190 7,029
’22 1,136 1,783 3,144 4,750 10,813
’21 271 1,743 2,203 1,800 6,017
’20 217 764 491 639 2,111
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2,846) 6,533 — — —
’25 (236) 258 637 2,070 2,729
’24 (864) 1,730 774 692 2,332
’23 821 404 2,093 1,556 4,874
’22 766 1,407 2,409 4,343 8,925
’21 (60) 1,363 1,651 1,203 4,157
’20 (706) (175) (61) 133 (809)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.51 9.55 — — —
’25 1.18 2.15 0.32 7.17 10.79
’24 1.73 2.38 0.82 0.01 4.99
’23 4.20 3.72 4.69 2.86 15.48
’22 1.29 6.53 11.16 3.97 23.27
’21 (1.49) 0.66 0.91 2.88 2.97
’20 (5.66) (0.33) (1.82) (1.23) (9.06)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 71.74 75.14 78.44 80.24 40.04 63.19 72.89 89.74 108.91 91.01

Analyst estimates 2026–2028

Powerpack
High 90.87 102.43 123.97 119.92 113.18 94.34 113.53 136.69 174.08 144.96
People
People Employees 14,800 14,600 14,200 14,500 14,300 14,000 13,000 14,000 13,200 12,600
Revenue/emp, $m 5.69 7.01 7.85 7.40 4.48 7.96 13.08 10.53 10.84 10.51
Income, $m
Income, $m Revenue 84,279 102,354 111,461 107,293 64,129 111,476 169,990 147,399 143,153 132,376
Gross margin, % 25.88 22.42 12.14 10.96 10.01 8.41 11.80 13.10 9.21 12.30
EBT 2,191 3,555 7,445 4,178 (4,964) 1,740 14,639 9,469 2,675 5,420
EBT margin, % 2.60 3.47 6.68 3.89 (7.74) 1.56 8.61 6.42 1.87 4.09
Net income 1,644 5,248 5,873 3,377 (3,714) 1,594 11,391 7,239 2,175 4,528
Depreciation 1,189 1,340 1,379 1,364 1,417 1,629 1,652 2,006 2,403 3,298
Per share, $
Per share, $ Revenue 159.76 198.71 236.79 237.71 145.90 253.34 360.53 327.45 340.70 326.04
Earnings 2.94 9.90 11.87 6.80 (9.06) 2.97 23.36 15.48 5.01 10.82
Cash flow 5.62 7.08 16.09 10.65 4.80 13.67 22.93 15.62 9.97 12.22
Capex (5.39) (3.56) (5.61) (8.58) (6.64) (4.23) (4.00) (4.79) (4.42) (5.50)
Free cash flow 0.23 3.53 10.48 2.07 (1.84) 9.45 18.93 10.83 5.55 6.72
Book value 44.97 53.25 57.69 60.19 48.97 49.17 72.34 70.31 67.74 74.48
Shares, m 528 515 471 451 440 440 471 450 420 406
Valuation, ×
Valuation, × P/E 29.52 10.21 7.19 16.38 0.00 24.40 4.39 8.67 22.97 11.88
P/S 0.54 0.51 0.36 0.47 0.48 0.29 0.28 0.41 0.33 0.40
P/B 1.93 1.91 1.49 1.85 1.43 1.47 1.40 1.91 1.68 1.73
EV/Sales 0.63 0.58 0.44 0.56 0.69 0.39 0.35 0.52 0.46 0.54
EV/FCF 447.15 32.71 9.87 64.64 (54.54) 10.39 6.58 15.69 28.39 26.01
Cash, $m
Cash, $m Operating cash flow 2,963 3,648 7,573 4,808 2,111 6,017 10,813 7,029 4,191 4,962
Capex (2,844) (1,832) (2,639) (3,873) (2,920) (1,860) (1,888) (2,155) (1,859) (2,233)
Free cash flow 119 1,816 4,934 935 (809) 4,157 8,925 4,874 2,332 2,729
Balance, $m
Balance, $m Working capital 3,217 4,283 4,274 2,749 3,758 1,896 6,033 4,085 2,823 3,945
Total debt 10,138 10,110 11,160 11,763 15,893 14,448 17,190 19,359 20,062 19,716
Net debt 7,427 6,991 8,141 10,149 13,379 11,301 11,057 16,036 18,324 18,600
Shareholders’ equity 23,725 27,428 27,153 27,169 21,523 21,637 34,106 31,650 28,463 30,241
Returns, %
Returns, % ROA 3.10 9.63 10.30 5.44 (7.01) 2.39 16.70 9.23 2.86 6.02
ROIC 2.21 4.11 9.28 4.21 (10.11) (1.10) 17.00 10.97 2.42 7.29
ROE 6.52 19.96 20.50 11.33 (16.33) 6.10 39.55 21.34 7.04 15.00
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Phillips 66 vs peers in Oil & Gas Refining & Marketing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MPC Marathon Petroleum Corporation $133.9B 16.4× 7.8× +53.83% (above 0%: growing) +348.48% (above 0%: growing) +366.29% (above 0%: growing) 17.18% 14.08% Compare
VLO Valero Energy Corporation $127.9B 18.4× 8.3× +48.80% (above 0%: growing) +453.51% (above 0%: growing) +871.06% (above 0%: growing) 12.30% 11.68% Compare
PSX Phillips 66 $115.4B 16.7× 9.2× +53.06% (above 0%: growing) +346.05% (above 0%: growing) +2,432.17% (above 0%: growing) 14.39% 9.14%
DINO HF Sinclair Corporation $22.2B 12.0× 6.2× +53.15% (above 0%: growing) +348.18% (above 0%: growing) +191.21% (above 0%: growing) 21.72% 11.24% Compare
PBF PBF Energy Inc. $10.3B 7.4× 4.0× +56.23% (above 0%: growing) n/m +4,076.29% (above 0%: growing) 15.56% 10.89% Compare
SUN Sunoco LP $9.9B 16.3× 7.2× +164.55% (above 0%: growing) +184.85% (above 0%: growing) +955.68% (above 0%: growing) 10.27% 4.09% Compare
UGP Ultrapar Participacoes S.A. $8.2B 12.4× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $6.2B 90.3× 90.4× +55.48% (above 0%: growing) n/m +104.65% (above 0%: growing) 4.27% 2.85% Compare
IEP Icahn Enterprises L.P. $4.7B — (loss-making) 18.5× +25.58% (above 0%: growing) n/m +12.90% (above 0%: growing) 3.09% (8.67%) Compare
Median of peers $10.1B 16.3× 7.8× +53.49% +348.18% +618.68% 11.71% 9.07%

All 19 Oil & Gas Refining & Marketing stocks →

PSX metrics, ten years each

Phillips 66 (PSX) key facts

  • Concern: Phillips 66’s revenue for fiscal 2025 (year ended December 2025) was $132.4 billion, down 7.53% from fiscal 2024.
  • Strength: Net income was $4.5 billion, or $10.82 per share (basic), a net margin of 3.33%.
  • Phillips 66 (PSX) is an Oil & Gas Refining & Marketing company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PSX traded at $293.51, a market capitalization of $115.4 billion.
  • At that price the stock trades at 16.7× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 66% of its own readings over the past ten years.
  • Phillips 66 pays an annual dividend of $5.01 per share, a yield of 1.71%, with a payout ratio of 28.6%.
  • Return on equity was 15.0% and debt-to-equity 0.63.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.47 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Phillips 66 (PSX) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/PSX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com