Phillips 66 (PSX) vs Sunoco LP (SUN)

Phillips 66 and Sunoco LP are both Oil & Gas Refining & Marketing companies. Phillips 66 is the larger, with a market value of $96.4B against $12.6B — 7.6× the size. Phillips 66 trades at the lower P/E: 7.9× against 10.3×. Sunoco LP grew revenue faster over the last twelve months: 135.8% against 27.5%. Phillips 66 has the higher net margin (7.48% vs 0.00%) and the higher return on invested capital (20.0% vs 7.09%). Both pay a dividend; Sunoco LP yields more (4.74% vs 2.02%). Across the 23 metrics below, Phillips 66 leads on 13 and Sunoco LP on 10.

Valuation

Metric PSX SUN Oil & Gas Refining & Marketing median
P/E 7.87 10.34 8.38
P/S 0.59 0.16 0.33
P/B 2.77 1.24 1.70
Price to free cash flow 7.97 4.27 5.86
EV/EBITDA 6.17 6.01 4.96
EV/Sales 0.66 0.40 0.46
Earnings yield 12.70% 9.67% 9.67%
Free cash flow yield 12.55% 23.40% 15.55%

Profitability

Metric PSX SUN Oil & Gas Refining & Marketing median
Gross margin 15.08% 10.93% 10.93%
Operating margin 9.16% 4.60% 7.14%
Net margin 7.48% 0.00% 2.70%
Free cash flow margin 7.35% 5.12% 6.17%
Return on equity 39.56% 11.39% 21.95%
Return on assets 15.52% 0.00% 5.76%
Return on invested capital 19.98% 7.09% 13.74%

Growth

Metric PSX SUN Oil & Gas Refining & Marketing median
Revenue growth (TTM) 27.46% 135.84% 26.02%
EPS growth (last fiscal year) 116.23% (62.00%) 37.92%
Revenue growth, 5-year CAGR 15.60% 18.67% 13.17%
Net income growth, 5-year CAGR 0.00% 18.32% 0.00%

Health

Metric PSX SUN Oil & Gas Refining & Marketing median
Debt to equity 0.52 1.55 0.41
Current ratio 1.34 1.28 1.31
Net debt to EBITDA 2.07 7.57 2.07

Dividend

Metric PSX SUN Oil & Gas Refining & Marketing median
Dividend yield 2.02% 4.74% 2.20%
Payout ratio 0.16 0.49 0.25

Size

Metric PSX SUN Oil & Gas Refining & Marketing median
Market cap 96.36b 12.64b 3.91b

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