What is Phillips 66's earnings per share (EPS)?

Phillips 66 (PSX) reported diluted earnings per share of $10.79 for fiscal year 2025. This represents a 116.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Phillips 66 Financials

PSX

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Phillips 66 (PSX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 44/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Phillips 66's revenue declined 7.5% year-over-year, from $143.2B to $132.4B. This contraction results in a growth score of 21/100.

Leverage

Phillips 66 carries a low D/E ratio of 0.64, meaning only $0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Phillips 66's current ratio of 1.30 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Returns

Phillips 66's ROE of 15.1% shows moderate profitability relative to equity, earning a score of 45/100. This is up from 7.7% the prior year.

Piotroski F-Score Strong

7/9

Phillips 66 passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.13x

For every $1 of reported earnings, Phillips 66 generates $1.13 in operating cash flow ($5.0B OCF vs $4.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$132.4B

YoY-7.5%

5Y CAGR+15.6%

10Y CAGR+3.0%

Phillips 66 generated $132.4B in revenue in fiscal year 2025. This represents a decrease of 7.5% from the prior year.

EBITDA

N/A

Net Income

$4.4B

YoY+108.0%

10Y CAGR+0.4%

Phillips 66 reported $4.4B in net income in fiscal year 2025. This represents an increase of 108.0% from the prior year.

EPS (Diluted)

$10.79

YoY+116.2%

10Y CAGR+3.4%

Phillips 66 earned $10.79 per diluted share (EPS) in fiscal year 2025. This represents an increase of 116.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.1B

YoY-35.8%

5Y CAGR-15.0%

10Y CAGR-9.6%

Phillips 66 held $1.1B in cash against $18.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$4.75

YoY+5.6%

5Y CAGR+5.7%

10Y CAGR+8.1%

Phillips 66 paid $4.75 per share in dividends in fiscal year 2025. This represents an increase of 5.6% from the prior year.

Shares Outstanding

401M

YoY-1.7%

5Y CAGR-1.7%

10Y CAGR-2.7%

Phillips 66 had 401M shares outstanding in fiscal year 2025. This represents a decrease of 1.7% from the prior year.

Margins & Returns

Gross Margin

12.3%

YoY+3.1pp

5Y CAGR+2.3pp

Phillips 66's gross margin was 12.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

3.3%

YoY+1.9pp

5Y CAGR+9.5pp

10Y CAGR-0.9pp

Phillips 66's net profit margin was 3.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity

15.1%

YoY+7.4pp

5Y CAGR+36.1pp

10Y CAGR-3.2pp

Phillips 66's ROE was 15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$6.0M

YoY-60.0%

5Y CAGR-34.0%

10Y CAGR-21.2%

Phillips 66 invested $6.0M in research and development in fiscal year 2025. This represents a decrease of 60.0% from the prior year.

Share Buybacks

$1.2B

YoY-65.0%

5Y CAGR+22.2%

10Y CAGR-2.2%

Phillips 66 spent $1.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 65.0% from the prior year.

Capital Expenditures

N/A

PSX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$132.4B-7.5%	$143.2B-2.9%	$147.4B-13.3%	$170.0B+52.5%	$111.5B+73.8%	$64.1B
Cost of Revenue	$116.1B-10.7%	$130.0B+1.5%	$128.1B-14.6%	$149.9B+46.8%	$102.1B+76.9%	$57.7B
Gross Profit	$16.3B+23.4%	$13.2B-31.7%	$19.3B-3.7%	$20.1B+114.0%	$9.4B+46.0%	$6.4B
R&D Expenses	$6.0M-60.0%	$15.0M-44.4%	$27.0M-35.7%	$42.0M-10.6%	$47.0M-2.1%	$48.0M
SG&A Expenses	$2.4B-13.4%	$2.8B+11.4%	$2.5B+16.5%	$2.2B+24.3%	$1.7B+13.0%	$1.5B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$997.0M+8.5%	$919.0M+9.1%	$842.0M+37.8%	$611.0M+7.8%	$567.0M+3.1%	$550.0M
Income Tax	$892.0M+78.4%	$500.0M-77.6%	$2.2B-31.3%	$3.2B+2124.7%	$146.0M+111.7%	-$1.3B
Net Income	$4.4B+108.0%	$2.1B-69.8%	$7.0B-36.4%	$11.0B+737.1%	$1.3B+133.1%	-$4.0B
EPS (Diluted)	$10.79+116.2%	$4.99-67.8%	$15.48-33.5%	$23.27+683.5%	$2.97+132.8%	$-9.06

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$34.1B-1.2%	$34.5B+3.6%	$33.3B+9.5%	$30.4B-9.7%	$33.7B-5.2%	$35.5B-6.8%	$38.1B+6.5%	$35.8B
Cost of Revenue	$29.1B-3.6%	$30.2B+3.9%	$29.1B+5.1%	$27.7B-10.1%	$30.8B-4.5%	$32.2B-7.0%	$34.6B+6.9%	$32.4B
Gross Profit	$5.0B+15.7%	$4.3B+1.2%	$4.2B+53.3%	$2.8B-5.5%	$2.9B-12.1%	$3.3B-4.8%	$3.5B+2.2%	$3.4B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$544.0M-31.3%	$792.0M+36.1%	$582.0M+12.1%	$519.0M+1.6%	$511.0M-57.2%	$1.2B+116.3%	$552.0M-0.9%	$557.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$253.0M-2.3%	$259.0M-1.9%	$264.0M+19.5%	$221.0M-4.7%	$232.0M+1.3%	$229.0M-0.9%	$231.0M+1.8%	$227.0M
Income Tax	$526.0M+1543.8%	$32.0M-84.9%	$212.0M+73.8%	$122.0M+421.1%	-$38.0M-186.4%	$44.0M-84.9%	$291.0M+43.3%	$203.0M
Net Income	$2.9B+2085.0%	$133.0M-84.8%	$877.0M+80.1%	$487.0M+5987.5%	$8.0M-97.7%	$346.0M-65.9%	$1.0B+35.7%	$748.0M
EPS (Diluted)	N/A	$0.32-85.1%	$2.15+82.2%	$1.18	N/A	$0.82-65.5%	$2.38+37.6%	$1.73

PSX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$73.7B+1.5%	$72.6B-3.9%	$75.5B-1.2%	$76.4B+37.5%	$55.6B+1.6%	$54.7B
Current Assets	$17.3B-3.6%	$17.9B-10.2%	$19.9B-9.0%	$21.9B+49.2%	$14.7B+10.7%	$13.3B
Cash & Equivalents	$1.1B-35.8%	$1.7B-47.7%	$3.3B-45.8%	$6.1B+94.9%	$3.1B+25.2%	$2.5B
Inventory	$5.1B+27.6%	$4.0B+6.5%	$3.8B+14.5%	$3.3B-3.5%	$3.4B-12.8%	$3.9B
Accounts Receivable	$9.8B-11.4%	$11.0B-5.9%	$11.7B+6.8%	$11.0B+47.1%	$7.5B+14.5%	$6.5B
Goodwill	$1.4B-9.0%	$1.6B+1.6%	$1.6B+4.3%	$1.5B+0.1%	$1.5B+4.1%	$1.4B
Total Liabilities	$43.4B-1.5%	$44.1B+0.6%	$43.9B+3.6%	$42.3B+24.7%	$34.0B+2.3%	$33.2B
Current Liabilities	$13.3B-11.7%	$15.1B-4.8%	$15.9B-0.2%	$15.9B+24.1%	$12.8B+34.5%	$9.5B
Long-Term Debt	$18.7B+2.5%	$18.2B+2.0%	$17.9B+7.3%	$16.7B+28.6%	$13.0B-13.1%	$14.9B
Total Equity	$29.1B+6.1%	$27.4B-10.4%	$30.6B+3.7%	$29.5B+53.9%	$19.2B+1.0%	$19.0B
Retained Earnings	$33.2B+8.0%	$30.8B+0.7%	$30.6B+20.1%	$25.4B+56.8%	$16.2B-1.7%	$16.5B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$73.7B-3.2%	$76.1B+0.2%	$75.9B+5.7%	$71.8B-1.0%	$72.6B-3.3%	$75.1B-1.1%	$75.9B-0.6%	$76.4B
Current Assets	$17.3B-21.6%	$22.0B+4.5%	$21.1B+15.3%	$18.3B+2.1%	$17.9B-7.2%	$19.3B-7.7%	$20.9B+1.0%	$20.7B
Cash & Equivalents	$1.1B-39.5%	$1.8B+75.4%	$1.1B-29.3%	$1.5B-14.3%	$1.7B+6.2%	$1.6B-33.0%	$2.4B+55.7%	$1.6B
Inventory	$5.1B-20.6%	$6.4B+15.0%	$5.6B+6.5%	$5.2B+31.2%	$4.0B-33.8%	$6.0B-7.4%	$6.5B+3.8%	$6.3B
Accounts Receivable	$9.8B-7.3%	$10.5B-7.0%	$11.3B+10.9%	$10.2B-7.4%	$11.0B+5.7%	$10.4B-4.1%	$10.9B-5.6%	$11.5B
Goodwill	$1.4B0.0%	$1.4B0.0%	$1.4B-9.0%	$1.6B0.0%	$1.6B+0.1%	$1.6B+1.4%	$1.6B0.0%	$1.6B
Total Liabilities	$43.4B-9.6%	$48.0B+1.5%	$47.3B+8.8%	$43.5B-1.4%	$44.1B-2.6%	$45.3B-0.3%	$45.4B-0.4%	$45.6B
Current Liabilities	$13.3B-25.7%	$17.9B-8.8%	$19.7B+32.3%	$14.9B-1.4%	$15.1B-5.2%	$15.9B-12.9%	$18.3B+3.4%	$17.7B
Long-Term Debt	$18.7B-2.6%	$19.2B+11.4%	$17.2B-3.1%	$17.7B-2.7%	$18.2B-1.3%	$18.5B+7.5%	$17.2B-3.6%	$17.8B
Total Equity	$29.1B+8.1%	$26.9B-2.1%	$27.5B+0.8%	$27.3B-0.5%	$27.4B-4.6%	$28.7B-2.5%	$29.5B-0.9%	$29.7B
Retained Earnings	$33.2B+7.9%	$30.8B-1.1%	$31.2B+1.3%	$30.8B0.0%	$30.8B-1.5%	$31.2B-0.4%	$31.4B+1.7%	$30.8B

PSX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$5.0B+18.4%	$4.2B-40.4%	$7.0B-35.0%	$10.8B+79.7%	$6.0B+185.0%	$2.1B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.1B+14.9%	-$2.5B-37.6%	-$1.8B-20.3%	-$1.5B+20.5%	-$1.9B+39.2%	-$3.1B
Financing Cash Flow	-$3.5B-7.0%	-$3.3B+59.2%	-$8.1B-26.7%	-$6.4B-84.1%	-$3.5B-293.7%	$1.8B
Dividends Paid	$1.9B+2.1%	$1.9B0.0%	$1.9B+5.0%	$1.8B+13.1%	$1.6B+0.6%	$1.6B
Share Buybacks	$1.2B-65.0%	$3.5B-14.0%	$4.0B+165.3%	$1.5B	$0-100.0%	$443.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$2.8B+133.6%	$1.2B+39.4%	$845.0M+351.9%	$187.0M-84.4%	$1.2B+5.8%	$1.1B-46.0%	$2.1B+988.6%	-$236.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$467.0M+4.1%	-$487.0M+82.2%	-$2.7B-271.8%	$1.6B+561.2%	-$345.0M+80.6%	-$1.8B-644.3%	$327.0M+149.2%	-$665.0M
Financing Cash Flow	-$3.1B-2891.1%	$112.0M-92.7%	$1.5B+174.5%	-$2.0B-183.0%	-$724.0M-277.1%	-$192.0M+87.6%	-$1.5B-82.4%	-$846.0M
Dividends Paid	$482.0M-0.4%	$484.0M-0.6%	$487.0M+3.8%	$469.0M-0.6%	$472.0M-1.0%	$477.0M-1.6%	$485.0M+8.3%	$448.0M
Share Buybacks	$274.0M+2.6%	$267.0M-36.3%	$419.0M+69.6%	$247.0M-61.8%	$647.0M-19.1%	$800.0M-4.8%	$840.0M-27.8%	$1.2B

PSX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	12.3%+3.1pp	9.2%-3.9pp	13.1%+1.3pp	11.8%+3.4pp	8.4%-1.6pp	10.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	3.3%+1.9pp	1.5%-3.3pp	4.8%-1.7pp	6.5%+5.3pp	1.2%+7.4pp	-6.2%
Return on Equity	15.1%+7.4pp	7.7%-15.2pp	22.9%-14.4pp	37.4%+30.5pp	6.9%+27.8pp	-20.9%
Return on Assets	6.0%+3.1pp	2.9%-6.4pp	9.3%-5.1pp	14.4%+12.0pp	2.4%+9.6pp	-7.3%
Current Ratio	1.30+0.1	1.19-0.1	1.26-0.1	1.38+0.2	1.15-0.2	1.39
Debt-to-Equity	0.64-0.0	0.67+0.1	0.58+0.0	0.56-0.1	0.68-0.1	0.79
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	14.6%+2.1pp	12.4%-0.3pp	12.7%+3.6pp	9.1%+0.4pp	8.7%-0.7pp	9.4%+0.2pp	9.2%-0.4pp	9.6%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.5%+8.1pp	0.4%-2.2pp	2.6%+1.0pp	1.6%+1.6pp	0.0%-0.9pp	1.0%-1.7pp	2.7%+0.6pp	2.1%
Return on Equity	10.0%+9.5pp	0.5%-2.7pp	3.2%+1.4pp	1.8%+1.8pp	0.0%-1.2pp	1.2%-2.3pp	3.5%+0.9pp	2.5%
Return on Assets	3.9%+3.8pp	0.2%-1.0pp	1.1%+0.5pp	0.7%+0.7pp	0.0%-0.4pp	0.5%-0.9pp	1.3%+0.4pp	1.0%
Current Ratio	1.30+0.1	1.23+0.2	1.07-0.2	1.23+0.0	1.19-0.0	1.21+0.1	1.14-0.0	1.17
Debt-to-Equity	0.64-0.1	0.71+0.1	0.63-0.0	0.65-0.0	0.67+0.0	0.64+0.1	0.58-0.0	0.60
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Marathon Pete Corp MPC

$70.1B

Valero Energy VLO

$72.2B

HF Sinclair Corp DINO

$11.0B

Sunoco Lp/Sunoco Fin Corp SUN

$12.1B

Pbf Energy Inc PBF

$5.4B

Frequently Asked Questions

What is Phillips 66's annual revenue?

Phillips 66 (PSX) reported $132.4B in total revenue for fiscal year 2025. This represents a -7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Phillips 66's revenue growing?

Phillips 66 (PSX) revenue declined by 7.5% year-over-year, from $143.2B to $132.4B in fiscal year 2025.

Is Phillips 66 profitable?

Yes, Phillips 66 (PSX) reported a net income of $4.4B in fiscal year 2025, with a net profit margin of 3.3%.

How much debt does Phillips 66 have?

As of fiscal year 2025, Phillips 66 (PSX) had $1.1B in cash and equivalents against $18.7B in long-term debt.

What is Phillips 66's gross margin?

Phillips 66 (PSX) had a gross margin of 12.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Phillips 66's net profit margin?

Phillips 66 (PSX) had a net profit margin of 3.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Phillips 66 pay dividends?

Yes, Phillips 66 (PSX) paid $4.75 per share in dividends during fiscal year 2025.

What is Phillips 66's return on equity (ROE)?

Phillips 66 (PSX) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Phillips 66's operating cash flow?

Phillips 66 (PSX) generated $5.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Phillips 66's total assets?

Phillips 66 (PSX) had $73.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Phillips 66 spend on research and development?

Phillips 66 (PSX) invested $6.0M in research and development during fiscal year 2025.

Does Phillips 66 buy back shares?

Yes, Phillips 66 (PSX) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Phillips 66 have outstanding?

Phillips 66 (PSX) had 401M shares outstanding as of fiscal year 2025.

What is Phillips 66's current ratio?

Phillips 66 (PSX) had a current ratio of 1.30 as of fiscal year 2025, which is considered adequate.

What is Phillips 66's debt-to-equity ratio?

Phillips 66 (PSX) had a debt-to-equity ratio of 0.64 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Phillips 66's return on assets (ROA)?

Phillips 66 (PSX) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Phillips 66's Piotroski F-Score?

Phillips 66 (PSX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Phillips 66's earnings high quality?

Phillips 66 (PSX) has an earnings quality ratio of 1.13x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Phillips 66?

Phillips 66 (PSX) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.