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 $115.4B against $9.9B — 11.6× the size. Sunoco LP trades at the lower P/E: 16.3× against 16.7×. Sunoco LP grew revenue faster over the last twelve months: 83.3% against 14.4%. Phillips 66 has the higher net margin (4.66% vs 1.57%) and the higher return on invested capital (11.1% vs 5.64%). Both pay a dividend; Sunoco LP yields more (5.21% vs 1.71%). Across the 23 metrics below, Sunoco LP leads on 13 and Phillips 66 on 10.

Valuation

Metric PSX SUN Oil & Gas Refining & Marketing median
P/E 16.66 16.28 16.35
P/S 0.77 0.26 0.44
P/B 3.60 1.48 2.05
Price to free cash flow 18.41 6.00 9.98
EV/EBITDA 11.60 7.89 8.04
EV/Sales 0.88 0.57 0.59
Earnings yield 6.00% 6.14% 5.71%
Free cash flow yield 5.43% 16.66% 9.13%

Profitability

Metric PSX SUN Oil & Gas Refining & Marketing median
Gross margin 13.10% 11.93% 12.22%
Operating margin 5.74% 4.76% 5.35%
Net margin 4.66% 1.57% 2.08%
Free cash flow margin 4.20% 4.25% 4.25%
Return on equity 23.13% 11.39% 11.39%
Return on assets 8.99% 2.81% 5.22%
Return on invested capital 11.10% 5.64% 11.54%

Growth

Metric PSX SUN Oil & Gas Refining & Marketing median
Revenue growth (TTM) 14.44% 83.34% 13.37%
EPS growth (last fiscal year) 116.23% (62.00%) 31.15%
Revenue growth, 5-year CAGR 15.60% 18.67% 12.77%
Net income growth, 5-year CAGR 0.00% 18.32% 0.00%

Health

Metric PSX SUN Oil & Gas Refining & Marketing median
Debt to equity 0.63 1.59 0.44
Current ratio 1.32 1.29 1.32
Net debt to EBITDA 2.07 7.57 2.07

Dividend

Metric PSX SUN Oil & Gas Refining & Marketing median
Dividend yield 1.71% 5.21% 1.71%
Payout ratio 0.29 0.85 0.35

Size

Metric PSX SUN Oil & Gas Refining & Marketing median
Market cap 115.40b 9.93b 4.71b

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