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

FY2025 annual

Revenue $132.4B -7.5% YoY

Net Income $4.4B +108.0% YoY

EPS (Diluted) $10.79 +116.2% YoY

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Phillips 66 (PSX) reported $132.4B in revenue for fiscal year 2025, down 7.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI PSX FY2025 2026-04-29

Phillips 66’s earnings model is governed by margin recovery more than sales growth, so lower revenue can still produce stronger profits.

The business showed a classic margin-driven rebound: gross margin rose from 9.2% to 12.3%, and net income more than doubled even though revenue kept declining, which says profit per dollar of sales matters more here than top-line scale alone. That improvement was not just accounting noise, because operating cash flow reached $5.0B while net income was $4.4B, so the recovery translated into cash.

The balance sheet is not cash-rich: year-end cash was only $1.1B against long-term debt of $18.7B, so the asset base is sizable but liquid cash itself is thin. A current ratio of 1.3x says near-term obligations look covered, but this is a business that relies on ongoing cash generation for flexibility rather than a large liquidity reserve sitting on the balance sheet.

Management’s capital return looks deliberately variable, with buybacks cut to $1.2B while dividends held near $1.9B. Because shares outstanding still fell from 427.8M to 400.7M, repurchases have supported per-share results, but the slower pace shows shareholder payouts are being adjusted around earnings volatility rather than treated as an automatic escalator.

Financial Health Signals

Financial health score not available

Phillips 66 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

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

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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.

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.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

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.

Free Cash Flow

Not reported for fiscal year 2025.

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.

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.

Operating Margin

Not reported for fiscal year 2025.

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

Not reported for fiscal year 2025.

PSX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PSX annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$152.2B	$132.4B-7.5%	$143.2B-2.9%	$147.4B-13.3%	$170.0B+52.5%	$111.5B+73.8%	$64.1B-40.2%	$107.3B-3.7%	$111.5B+8.9%	$102.4B+21.4%	$84.3B-14.8%	$99.0B-38.6%	$161.2B-6.1%	$171.6B-4.3%	$179.3B-8.5%	$195.9B
Cost of Revenue	$132.2B	$116.1B-10.7%	$130.0B+1.5%	$128.1B-14.6%	$149.9B+46.8%	$102.1B+76.9%	$57.7B-39.6%	$95.5B-2.5%	$97.9B+23.3%	$79.4B+27.1%	$62.5B	N/A	N/A	N/A	N/A	N/A
Gross Profit	$19.9B	$16.3B+23.4%	$13.2B-31.7%	$19.3B-3.7%	$20.1B+114.0%	$9.4B+46.0%	$6.4B-45.4%	$11.8B-13.1%	$13.5B-41.0%	$22.9B+5.2%	$21.8B	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$6.0M-60.0%	$15.0M-44.4%	$27.0M-35.7%	$42.0M-10.6%	$47.0M-2.1%	$48.0M-11.1%	$54.0M-1.8%	$55.0M-8.3%	$60.0M0.0%	$60.0M-7.7%	$65.0M+4.8%	$62.0M-10.1%	$69.0M-1.4%	$70.0M+1.4%	$69.0M
SG&A Expenses	$2.4B	$2.4B-13.4%	$2.8B+11.4%	$2.5B+16.5%	$2.2B+24.3%	$1.7B+13.0%	$1.5B-8.1%	$1.7B+0.2%	$1.7B-1.1%	$1.7B+3.5%	$1.6B-1.9%	$1.7B+0.4%	$1.7B+12.5%	$1.5B-13.2%	$1.7B+22.2%	$1.4B
Interest Expense	$1.1B	$997.0M+8.5%	$919.0M+9.1%	$842.0M+37.8%	$611.0M+7.8%	$567.0M+3.1%	$550.0M+9.1%	$504.0M+2.2%	$493.0M+12.6%	$438.0M+29.6%	$338.0M+9.0%	$310.0M+16.1%	$267.0M-2.9%	$275.0M+11.8%	$246.0M+1347.1%	$17.0M
Income Tax	$1.7B	$892.0M+78.4%	$500.0M-77.6%	$2.2B-31.3%	$3.2B+2124.7%	$146.0M+111.7%	-$1.3B-256.1%	$801.0M-49.0%	$1.6B+192.9%	-$1.7B-409.5%	$547.0M-69.0%	$1.8B+6.7%	$1.7B-10.3%	$1.8B-25.4%	$2.5B+35.7%	$1.8B
Net Income	$7.1B	$4.4B+108.0%	$2.1B-69.8%	$7.0B-36.4%	$11.0B+737.1%	$1.3B+133.1%	-$4.0B-229.2%	$3.1B-45.0%	$5.6B+9.6%	$5.1B+228.4%	$1.6B-63.2%	$4.2B-11.2%	$4.8B+27.8%	$3.7B-9.7%	$4.1B-13.6%	$4.8B
EPS (Diluted)	—	$10.79+116.2%	$4.99-67.8%	$15.48-33.5%	$23.27+683.5%	$2.97+132.8%	-$9.06-233.8%	$6.77-42.6%	$11.80+19.8%	$9.85+237.3%	$2.92-62.2%	$7.73-7.2%	$8.33+38.4%	$6.02-7.1%	$6.48-13.8%	$7.52

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$51.0B+56.7%	$32.5B-4.6%	$34.1B-1.2%	$34.5B+3.6%	$33.3B+9.5%	$30.4B-9.7%	$33.7B-5.2%	$35.5B
Cost of Revenue	$43.7B+49.5%	$29.2B+0.3%	$29.1B-3.6%	$30.2B+3.9%	$29.1B+5.1%	$27.7B-10.1%	$30.8B-4.5%	$32.2B
Gross Profit	$7.3B+120.8%	$3.3B-33.1%	$5.0B+15.7%	$4.3B+1.2%	$4.2B+53.3%	$2.8B-5.5%	$2.9B-12.1%	$3.3B
SG&A Expenses	$538.0M+0.2%	$537.0M-1.3%	$544.0M-31.3%	$792.0M+36.1%	$582.0M+12.1%	$519.0M+1.6%	$511.0M-57.2%	$1.2B
Interest Expense	$314.0M+9.8%	$286.0M+13.0%	$253.0M-2.3%	$259.0M-1.9%	$264.0M+19.5%	$221.0M-4.7%	$232.0M+1.3%	$229.0M
Income Tax	$1.1B+2563.4%	$41.0M-92.2%	$526.0M+1543.8%	$32.0M-84.9%	$212.0M+73.8%	$122.0M+421.1%	-$38.0M-186.4%	$44.0M
Net Income	$3.8B+1758.5%	$207.0M-92.9%	$2.9B+2085.0%	$133.0M-84.8%	$877.0M+80.1%	$487.0M+5987.5%	$8.0M-97.7%	$346.0M
EPS (Diluted)	$9.55+1772.5%	$0.51	N/A	$0.32-85.1%	$2.15+82.2%	$1.18	N/A	$0.82

Not reported in any period shown, so not listed: Operating Income.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

PSX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PSX annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$73.7B+1.5%	$72.6B-3.9%	$75.5B-1.2%	$76.4B+37.5%	$55.6B+1.6%	$54.7B-6.8%	$58.7B+8.1%	$54.3B-0.1%	$54.4B+5.3%	$51.7B+6.3%	$48.6B-0.2%	$48.7B-2.2%	$49.8B+3.5%	$48.1B+11.3%	$43.2B
Current Assets	$17.3B-3.6%	$17.9B-10.2%	$19.9B-9.0%	$21.9B+49.2%	$14.7B+10.7%	$13.3B-7.8%	$14.4B+9.0%	$13.2B-8.2%	$14.4B+13.5%	$12.7B+3.5%	$12.3B-26.6%	$16.7B-13.2%	$19.2B+7.1%	$18.0B+28.8%	$13.9B
Cash & Equivalents	$1.1B-35.8%	$1.7B-47.7%	$3.3B-45.8%	$6.1B+94.9%	$3.1B+25.2%	$2.5B+55.8%	$1.6B-46.5%	$3.0B-3.2%	$3.1B+15.0%	$2.7B-11.8%	$3.1B-41.0%	$5.2B-3.6%	$5.4B+55.4%	$3.5B	$0
Inventory	$5.1B+27.6%	$4.0B+6.5%	$3.8B+14.5%	$3.3B-3.5%	$3.4B-12.8%	$3.9B+3.1%	$3.8B+6.6%	$3.5B+4.4%	$3.4B+7.8%	$3.1B-9.4%	$3.5B+2.4%	$3.4B+1.3%	$3.4B-2.2%	$3.4B-1.0%	$3.5B
Accounts Receivable	$9.8B-11.4%	$11.0B-5.9%	$11.7B+6.8%	$11.0B+47.1%	$7.5B+14.5%	$6.5B-23.4%	$8.5B+70.4%	$5.0B-19.3%	$6.2B	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.4B-9.0%	$1.6B+1.6%	$1.6B+4.3%	$1.5B+0.1%	$1.5B+4.1%	$1.4B-56.4%	$3.3B0.0%	$3.3B0.0%	$3.3B0.0%	$3.3B-0.2%	$3.3B0.0%	$3.3B+5.7%	$3.1B-7.4%	$3.3B+0.4%	$3.3B
Total Liabilities	$43.4B-1.5%	$44.1B+0.6%	$43.9B+3.6%	$42.3B+24.7%	$34.0B+2.3%	$33.2B+5.2%	$31.6B+16.2%	$27.1B+0.8%	$26.9B-3.5%	$27.9B+13.3%	$24.6B-7.6%	$26.7B-2.7%	$27.4B+0.5%	$27.3B+36.9%	$19.9B
Current Liabilities	$13.3B-11.7%	$15.1B-4.8%	$15.9B-0.2%	$15.9B+24.1%	$12.8B+34.5%	$9.5B-18.3%	$11.6B+30.3%	$8.9B-11.6%	$10.1B+6.8%	$9.5B+25.7%	$7.5B-32.1%	$11.1B-14.2%	$12.9B+3.6%	$12.5B+0.8%	$12.4B
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+32.9%	$11.2B+1.1%	$11.1B+10.2%	$10.1B+5.0%	$9.6B+8.4%	$8.8B+13.5%	$7.8B+27.1%	$6.1B-11.9%	$7.0B+1828.3%	$361.0M
Total Equity	$29.1B+6.1%	$27.4B-10.4%	$30.6B+3.7%	$29.5B+53.9%	$19.2B+1.0%	$19.0B-23.8%	$24.9B+1.0%	$24.7B-1.7%	$25.1B+12.0%	$22.4B-3.1%	$23.1B+7.0%	$21.6B-1.6%	$21.9B+5.7%	$20.8B-10.7%	$23.3B
Retained Earnings	$33.2B+8.0%	$30.8B+0.7%	$30.6B+20.1%	$25.4B+56.8%	$16.2B-1.7%	$16.5B-25.2%	$22.1B+7.7%	$20.5B+25.7%	$16.3B+29.3%	$12.6B+2.1%	$12.3B+32.6%	$9.3B+65.6%	$5.6B+107.2%	$2.7B	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$81.8B-2.7%	$84.1B+14.1%	$73.7B-3.2%	$76.1B+0.2%	$75.9B+5.7%	$71.8B-1.0%	$72.6B-3.3%	$75.1B
Current Assets	$24.2B-11.6%	$27.4B+58.6%	$17.3B-21.6%	$22.0B+4.5%	$21.1B+15.3%	$18.3B+2.1%	$17.9B-7.2%	$19.3B
Cash & Equivalents	$4.1B-20.4%	$5.2B+361.5%	$1.1B-39.5%	$1.8B+75.4%	$1.1B-29.3%	$1.5B-14.3%	$1.7B+6.2%	$1.6B
Inventory	$5.9B-11.9%	$6.7B+31.9%	$5.1B-20.6%	$6.4B+15.0%	$5.6B+6.5%	$5.2B+31.2%	$4.0B-33.8%	$6.0B
Accounts Receivable	$11.7B-1.6%	$11.9B+21.9%	$9.8B-7.3%	$10.5B-7.0%	$11.3B+10.9%	$10.2B-7.4%	$11.0B+5.7%	$10.4B
Goodwill	$1.4B0.0%	$1.4B0.0%	$1.4B0.0%	$1.4B0.0%	$1.4B-9.0%	$1.6B0.0%	$1.6B+0.1%	$1.6B
Total Liabilities	$49.1B-9.7%	$54.4B+25.2%	$43.4B-9.6%	$48.0B+1.5%	$47.3B+8.8%	$43.5B-1.4%	$44.1B-2.6%	$45.3B
Current Liabilities	$18.4B-24.1%	$24.2B+81.5%	$13.3B-25.7%	$17.9B-8.8%	$19.7B+32.3%	$14.9B-1.4%	$15.1B-5.2%	$15.9B
Long-Term Debt	$18.8B+0.5%	$18.7B0.0%	$18.7B-2.6%	$19.2B+11.4%	$17.2B-3.1%	$17.7B-2.7%	$18.2B-1.3%	$18.5B
Total Equity	$31.5B+10.4%	$28.5B-1.9%	$29.1B+8.1%	$26.9B-2.1%	$27.5B+0.8%	$27.3B-0.5%	$27.4B-4.6%	$28.7B
Retained Earnings	$36.3B+10.1%	$32.9B-0.9%	$33.2B+7.9%	$30.8B-1.1%	$31.2B+1.3%	$30.8B0.0%	$30.8B-1.5%	$31.2B

PSX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

PSX annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$8.9B	$5.0B+18.4%	$4.2B-40.4%	$7.0B-35.0%	$10.8B+79.7%	$6.0B+185.0%	$2.1B-56.1%	$4.8B-36.5%	$7.6B+107.6%	$3.6B+23.1%	$3.0B-48.1%	$5.7B+61.9%	$3.5B-41.4%	$6.0B+40.3%	$4.3B-14.2%	$5.0B
Investing Cash Flow	-$2.3B	-$2.1B+14.9%	-$2.5B-37.6%	-$1.8B-20.3%	-$1.5B+20.5%	-$1.9B+39.2%	-$3.1B+16.5%	-$3.7B-49.3%	-$2.5B-115.6%	-$1.1B+63.7%	-$3.2B+45.0%	-$5.7B-149.9%	-$2.3B-417.1%	-$444.0M+71.1%	-$1.5B-161.6%	$2.5B
Financing Cash Flow	-$3.6B	-$3.5B-7.0%	-$3.3B+59.2%	-$8.1B-26.7%	-$6.4B-84.1%	-$3.5B-293.7%	$1.8B+171.3%	-$2.5B+51.4%	-$5.2B-144.8%	-$2.1B-1086.0%	-$178.0M+91.6%	-$2.1B-55.4%	-$1.4B+63.0%	-$3.7B-626.3%	$699.0M+109.3%	-$7.5B
Dividends Paid	$2.0B	$1.9B+2.1%	$1.9B0.0%	$1.9B+5.0%	$1.8B+13.1%	$1.6B+0.6%	$1.6B+0.3%	$1.6B+9.3%	$1.4B+2.9%	$1.4B+8.8%	$1.3B+9.4%	$1.2B+10.4%	$1.1B+31.6%	$807.0M+186.2%	$282.0M	$0
Share Buybacks	$1.2B	$1.2B-65.0%	$3.5B-14.0%	$4.0B+165.3%	$1.5B	$0-100.0%	$443.0M-73.2%	$1.6B-64.5%	$4.6B+192.1%	$1.6B+52.6%	$1.0B-31.1%	$1.5B-33.7%	$2.3B+1.6%	$2.2B+530.9%	$356.0M	$0

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$7.3B+420.6%	-$2.3B-182.3%	$2.8B+133.6%	$1.2B+39.4%	$845.0M+351.9%	$187.0M-84.4%	$1.2B+5.8%	$1.1B
Investing Cash Flow	-$738.0M-21.8%	-$606.0M-29.8%	-$467.0M+4.1%	-$487.0M+82.2%	-$2.7B-271.8%	$1.6B+561.2%	-$345.0M+80.6%	-$1.8B
Financing Cash Flow	-$7.5B-209.1%	$6.9B+321.4%	-$3.1B-2891.1%	$112.0M-92.7%	$1.5B+174.5%	-$2.0B-183.0%	-$724.0M-277.1%	-$192.0M
Dividends Paid	$508.0M-0.2%	$509.0M+5.6%	$482.0M-0.4%	$484.0M-0.6%	$487.0M+3.8%	$469.0M-0.6%	$472.0M-1.0%	$477.0M
Share Buybacks	$379.0M+40.9%	$269.0M-1.8%	$274.0M+2.6%	$267.0M-36.3%	$419.0M+69.6%	$247.0M-61.8%	$647.0M-19.1%	$800.0M

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

PSX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

PSX annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	12.3%+3.1pp	9.2%-3.9pp	13.1%+1.3pp	11.8%+3.4pp	8.4%-1.6pp	10.0%-1.0pp	11.0%-1.2pp	12.1%-10.3pp	22.4%-3.5pp	25.9%	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%-9.1pp	2.9%-2.2pp	5.0%0.0pp	5.0%+3.1pp	1.8%-2.4pp	4.3%+1.3pp	2.9%+0.8pp	2.2%-0.1pp	2.3%-0.1pp	2.4%
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%-33.3pp	12.3%-10.4pp	22.7%+2.4pp	20.3%+13.4pp	7.0%-11.3pp	18.3%-3.8pp	22.1%+5.1pp	17.0%-2.9pp	19.9%-0.7pp	20.5%
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%-12.5pp	5.2%-5.1pp	10.3%+0.9pp	9.4%+6.4pp	3.0%-5.7pp	8.7%-1.1pp	9.8%+2.3pp	7.5%-1.1pp	8.6%-2.5pp	11.1%
Current Ratio	1.30+0.1x	1.19-0.1x	1.26-0.1x	1.38+0.2x	1.15-0.2x	1.39+0.2x	1.24-0.2x	1.48+0.1x	1.42+0.1x	1.34-0.3x	1.63+0.1x	1.500.0x	1.490.0x	1.44+0.3x	1.13
Debt-to-Equity	0.640.0x	0.67+0.1x	0.580.0x	0.56-0.1x	0.68-0.1x	0.79+0.3x	0.450.0x	0.450.0x	0.400.0x	0.430.0x	0.380.0x	0.36+0.1x	0.28-0.1x	0.34+0.3x	0.02

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	14.4%+4.2pp	10.2%-4.3pp	14.6%+2.1pp	12.4%-0.3pp	12.7%+3.6pp	9.1%+0.4pp	8.7%-0.7pp	9.4%
Net Margin	7.5%+6.9pp	0.6%-7.9pp	8.5%+8.1pp	0.4%-2.2pp	2.6%+1.0pp	1.6%+1.6pp	0.0%-0.9pp	1.0%
Return on Equity	12.2%+11.5pp	0.7%-9.3pp	10.0%+9.5pp	0.5%-2.7pp	3.2%+1.4pp	1.8%+1.8pp	0.0%-1.2pp	1.2%
Return on Assets	4.7%+4.5pp	0.3%-3.7pp	3.9%+3.8pp	0.2%-1.0pp	1.1%+0.5pp	0.7%+0.7pp	0.0%-0.4pp	0.5%
Current Ratio	1.32+0.2x	1.13-0.2x	1.30+0.1x	1.23+0.2x	1.07-0.2x	1.230.0x	1.190.0x	1.21
Debt-to-Equity	0.60-0.1x	0.650.0x	0.64-0.1x	0.71+0.1x	0.630.0x	0.650.0x	0.670.0x	0.64

Not reported in any period shown, so not listed: Operating Margin, FCF Margin.

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Where Phillips 66 Ranks

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 to 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.