Phillips 66 (PSX)
Energy · $104B market cap · SEC CIK 0001534701
$256.78
▼-1.90% on the day
close of Sep 22, 2026
66
Screens well
fundamentals score out of 100
fundamentals score out of 100
Next reports on Oct 28, 2026, before the open, with analysts expecting $10.82 in earnings per share.
The case for PSX
- Revenue growing 14.4% year over year.
- Earnings per share up 318.7%.
- Pays a 3.5% dividend while you wait.
- Reasonably priced at 14.7× earnings.
- Has compounded revenue at 15.6% a year over five years.
- Return on equity of 24%.
The case against
- Net margin of 5% is thinner than 95% of Energy companies.
- Its weakest area is profitability (28/100): return on equity 24%, net margin 4.7%, gross margin 13%.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 77 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 84 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 28 |
| Momentumhow the price has behaved lately | 91 |
| Stabilityhow violently it moves, what it owes and what it pays you | 51 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 14.7× |
|---|---|
| Price / book | 2.15× |
| Price / sales | 0.7× |
| Revenue growth (YoY) | +14.4% |
| EPS growth (YoY) | +318.7% |
| Gross margin | 13% |
| Operating margin | 4% |
| Net margin | 5% |
| Return on equity | 24% |
| Debt / equity | 0.65× |
| Current ratio | 1.32 |
| Dividend yield | 3.54% |
| Beta | 0.73 |
| 52-week range | $126.74 – $277.12 |
| Position in that range | 86% of the way up |
| 3-month return | +57.5% |
| 1-year return | +101.8% |
Five years of financials, as filed
Pulled from Phillips 66's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $132B | $143B | $147B | $170B | $111B |
| Net income | $4.4B | $2.1B | $7.0B | $11.0B | $1.3B |
| Operating cash flow | $5.0B | $4.2B | $7.0B | $10.8B | $6.0B |
| Total assets | $73.7B | $72.6B | $75.5B | $76.4B | $55.6B |
| Total liabilities | $43.4B | $44.1B | $43.9B | $42.3B | $34.0B |
| Shareholder equity | $29.1B | $27.4B | $30.6B | $29.5B | $19.2B |
| Cash | $1.1B | $1.7B | $3.3B | $6.1B | $3.1B |
| Net margin | 3.3% | 1.5% | 4.8% | 6.5% | 1.2% |
| Diluted shares | 408M | 422M | 453M | 474M | 440M |
Share count is down 7.3% over 4 years. Buybacks have been shrinking the pie.
Risk factors PSX lists in its 10-K
- Matters Previously Reported (unresolved or resolved since the quarterly report on Form 10-Q for the quarterly period ended September 30, 2025)
- Dakota Access, LLC (Dakota Access) and Energy Transfer Crude Oil Company, LLC (ETCO)
- Issuer Purchases of Equity Securities
- * Includes repurchase of shares of common stock from company employees in connection with the company’s broad-based employee incentive plans, when applicable
- ** Average price paid per share includes excise taxes
- Financial Strength and Flexibility –
- * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines
- ** Includes 100% of DCP Midstream Class A Segment
- *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills
- Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 5—Business Combinations, in the Notes to Consolidated Financial Statements for additional information
- CPChem Externally Marketed Sales Volumes*
- * Represents 100% of CPChem’s outside sales of produced petrochemical products, as well as commission sales from equity affiliates
- Olefins and Polyolefins Capacity Utilization (percent)
- * Includes our share of equity affiliates