Phillips 66 (PSX) Financials

$121.46 +1.86 (+1.56%)

Closing price 03:59 PM Eastern

Extended Trading

$122.56 +1.10 (+0.91%)

As of 07:56 PM Eastern

Annual Income Statements for Phillips 66

This table shows Phillips 66's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	4,227	1,555	5,106	5,595	3,076	-3,975	1,317	11,024	7,015	2,117
Consolidated Net Income / (Loss)	4,280	1,644	5,248	5,873	3,377	-3,714	1,594	11,391	7,239	2,175
Net Income / (Loss) Continuing Operations	4,280	1,644	5,248	5,873	3,377	-3,714	1,594	11,391	7,239	2,175
Total Pre-Tax Income	6,044	2,191	3,555	7,445	4,178	-4,964	1,740	14,639	9,469	2,675
Total Operating Income	6,285	2,455	3,993	7,857	4,522	-4,519	1,868	12,512	10,029	3,350
Total Gross Profit	27,432	23,235	25,213	16,226	13,911	7,721	12,296	23,033	21,445	15,291
Total Revenue	100,831	85,703	104,622	114,156	109,440	65,428	114,398	172,965	149,531	145,253
Operating Revenue	100,831	85,703	104,622	114,156	109,440	65,428	114,398	172,965	149,531	145,253
Total Cost of Revenue	73,399	62,468	79,409	97,930	95,529	57,707	102,102	149,932	128,086	129,962
Operating Cost of Revenue	73,399	62,468	79,409	97,930	95,529	57,707	102,102	149,932	128,086	129,962
Total Operating Expenses	21,147	20,780	21,220	8,369	9,389	12,240	10,428	10,521	11,416	11,941
Selling, General & Admin Expense	5,964	5,913	6,394	6,557	6,755	6,107	6,891	8,279	8,679	8,753
Depreciation Expense	1,078	1,168	1,318	1,356	1,341	1,395	1,605	1,629	1,977	2,363
Amortization Expense	21	21	22	23	23	22	24	23	29	40
Other Operating Expenses / (Income)	14,077	13,673	13,462	425	409	464	410	530	707	329
Impairment Charge	7.00	5.00	24	8.00	861	4,252	1,498	60	24	456
Total Other Income / (Expense), net	-241	-264	-438	-412	-344	-445	-128	2,127	-560	-675
Interest Expense	310	338	438	504	458	499	581	619	897	907
Other Income / (Expense), net	69	74	-	92	114	54	453	2,746	337	232
Income Tax Expense	1,764	547	-1,693	1,572	801	-1,250	146	3,248	2,230	500
Net Income / (Loss) Attributable to Noncontrolling Interest	53	89	142	278	301	261	277	367	224	58
Basic Earnings per Share	$7.78	$2.94	$9.90	$11.87	$6.80	($9.06)	$2.97	$23.36	$15.56	$5.01
Weighted Average Basic Shares Outstanding	542.36M	527.53M	515.09M	470.71M	451.36M	439.53M	440.03M	471.50M	450.14M	420.17M
Diluted Earnings per Share	$7.73	$2.92	$9.85	$11.80	$6.77	($9.06)	$2.97	$23.27	$15.48	$4.99
Weighted Average Diluted Shares Outstanding	546.98M	530.07M	518.51M	474.05M	453.89M	439.53M	440.36M	473.73M	453.21M	421.89M
Weighted Average Basic & Diluted Shares Outstanding	543.30M	528.90M	515.80M	471.40M	439.45M	436.93M	438.46M	463.91M	427.82M	407.70M
Cash Dividends to Common per Share	$2.18	$2.45	$2.73	$3.10	$3.50	$3.60	$3.62	$3.83	$4.20	$4.50

This table shows Phillips 66's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	5,391	1,884	1,961	1,697	2,097	1,260	748	1,015	346	8.00	487
Consolidated Net Income / (Loss)	5,540	2,012	2,077	1,734	2,143	1,285	761	1,020	369	25	526
Net Income / (Loss) Continuing Operations	5,540	2,012	2,077	1,734	2,143	1,285	761	1,020	369	25	526
Total Pre-Tax Income	7,158	2,547	2,651	2,244	2,813	1,761	964	1,311	413	-13	648
Total Operating Income	4,295	2,872	2,820	2,411	3,007	1,791	1,094	1,542	559	155	869
Total Gross Profit	7,092	5,907	5,700	5,070	5,977	4,698	3,953	4,046	3,885	3,407	2,979
Total Revenue	45,738	41,053	35,041	35,641	40,307	38,542	36,339	38,674	36,079	34,161	30,639
Operating Revenue	45,738	41,053	35,041	35,641	40,307	38,542	36,339	38,674	36,079	34,161	30,639
Total Cost of Revenue	38,646	35,146	29,341	30,571	34,330	33,844	32,386	34,628	32,194	30,754	27,660
Operating Cost of Revenue	38,646	35,146	29,341	30,571	34,330	33,844	32,386	34,628	32,194	30,754	27,660
Total Operating Expenses	2,797	3,035	2,880	2,659	2,970	2,907	2,859	2,504	3,326	3,252	2,110
Selling, General & Admin Expense	2,229	2,358	2,183	1,977	2,302	2,217	2,009	1,959	2,693	2,092	2,141
Depreciation Expense	430	502	476	495	488	518	504	497	543	819	791
Amortization Expense	5.00	6.00	6.00	7.00	6.00	10	9.00	10	8.00	13	12
Other Operating Expenses / (Income)	133	111	207	176	171	153	172	50	53	54	227
Impairment Charge	0.00	58	8.00	4.00	3.00	9.00	165	225	29	37	26
Other Special Charges / (Income)	-	-	-	-	-	-	-	-237	-	-	-1,087
Total Other Income / (Expense), net	2,863	-325	-169	-167	-194	-30	-130	-231	-146	-168	-221
Interest Expense	158	193	192	266	221	218	227	231	229	220	221
Income Tax Expense	1,618	535	574	510	670	476	203	291	44	-38	122
Net Income / (Loss) Attributable to Noncontrolling Interest	149	128	116	37	46	25	13	5.00	23	17	39
Basic Earnings per Share	$11.19	$4.33	$4.21	$3.73	$4.72	$2.90	$1.74	$2.39	$0.82	$0.06	$1.19
Weighted Average Basic Shares Outstanding	481.39M	471.50M	464.81M	454.45M	444.28M	450.14M	428.96M	422.87M	417.31M	420.17M	409.18M
Diluted Earnings per Share	$11.16	$4.29	$4.20	$3.72	$4.69	$2.87	$1.73	$2.38	$0.82	$0.06	$1.18
Weighted Average Diluted Shares Outstanding	483.04M	473.73M	467.03M	456.17M	447.26M	453.21M	431.91M	425.73M	418.80M	421.89M	410.51M
Weighted Average Basic & Diluted Shares Outstanding	472.63M	463.91M	458.86M	445.29M	439.96M	427.82M	423.95M	418.57M	412.99M	407.70M	407.58M
Cash Dividends to Common per Share	$0.97	-	$1.05	$1.05	$1.05	-	$1.05	$1.15	$1.15	-	$1.15

This table details how cash moves in and out of Phillips 66's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-2,133	-363	408	-65	-1,405	900	633	2,986	-2,810	-1,585
Net Cash From Operating Activities	5,713	2,963	3,648	7,573	4,808	2,111	6,017	10,813	7,029	4,191
Net Cash From Continuing Operating Activities	5,713	2,963	3,648	7,573	4,808	2,111	6,017	10,813	7,029	4,191
Net Income / (Loss) Continuing Operations	4,280	1,644	5,248	5,873	3,377	-3,714	1,594	11,391	7,239	2,175
Consolidated Net Income / (Loss)	4,280	1,644	5,248	5,873	3,377	-3,714	1,594	11,391	7,239	2,175
Depreciation Expense	1,078	1,168	1,318	1,356	1,341	1,395	1,605	1,629	1,977	2,363
Non-Cash Adjustments To Reconcile Net Income	47	-962	-1,094	365	737	4,630	971	-3,595	-1,212	519
Changes in Operating Assets and Liabilities, net	308	1,113	-1,824	-21	-647	-200	1,847	1,388	-975	-866
Net Cash From Investing Activities	-5,738	-3,158	-1,146	-2,471	-3,688	-3,079	-1,872	-1,488	-1,790	-2,463
Net Cash From Continuing Investing Activities	-5,738	-3,158	-1,146	-2,471	-3,688	-3,079	-1,872	-1,488	-1,790	-2,463
Purchase of Property, Plant & Equipment	-5,764	-2,844	-1,832	-2,639	-3,873	-2,920	-1,860	-1,888	-2,155	-1,859
Acquisitions	-	-	-	-	-	-	-	-306	-263	-625
Purchase of Investments	-	-	-10	-1.00	-98	-316	-310	-75	0.00	-1,100
Sale of Property, Plant & Equipment	70	156	86	12	86	51	27	4.00	392	1,082
Sale and/or Maturity of Investments	-	-	326	45	166	236	269	787	204	145
Other Investing Activities, net	-44	-470	-34	112	31	-130	2.00	-10	32	-106
Net Cash From Financing Activities	-2,117	-178	-2,111	-5,167	-2,511	1,791	-3,470	-6,388	-8,092	-3,305
Net Cash From Continuing Financing Activities	-2,117	-178	-2,111	-5,167	-2,511	1,791	-3,470	-6,388	-8,092	-3,305
Repayment of Debt	-971	-875	-3,754	-1,230	-1,038	-1,090	-3,006	-2,953	-4,349	-4,260
Repurchase of Common Equity	-1,512	-1,042	-1,590	-4,645	-1,650	-443	-24	-2,013	-8,081	-3,451
Payment of Dividends	-1,218	-1,357	-1,515	-1,643	-1,811	-1,864	-1,909	-1,978	-2,045	-1,952
Issuance of Debt	1,169	2,090	3,508	2,184	1,783	5,178	1,443	453	6,260	6,272
Issuance of Common Equity	415	1,006	1,240	167	205	10	26	103	123	86
Effect of Exchange Rate Changes	9.00	10	-	-	-14	77	-42	49	43	-8.00

This table details how cash moves in and out of Phillips 66's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	935	2,389	832	-3,936	510	-216	-1,753	874	-807	101	-249
Net Cash From Operating Activities	3,144	4,750	1,199	955	2,685	2,190	-236	2,097	1,132	1,198	187
Net Cash From Continuing Operating Activities	3,144	4,750	1,199	955	2,685	2,190	-236	2,097	1,132	1,198	187
Net Income / (Loss) Continuing Operations	5,540	2,012	2,077	1,734	2,143	1,285	761	1,020	369	25	526
Consolidated Net Income / (Loss)	5,540	2,012	2,077	1,734	2,143	1,285	761	1,020	369	25	526
Depreciation Expense	430	502	476	495	488	518	504	497	543	819	791
Non-Cash Adjustments To Reconcile Net Income	-3,581	-47	-237	-348	-640	13	1.00	-191	488	221	-925
Changes in Operating Assets and Liabilities, net	755	2,283	-1,117	-926	694	374	-1,502	771	-268	133	-205
Net Cash From Investing Activities	-537	-232	-265	-432	-485	-608	-665	327	-1,780	-345	1,591
Net Cash From Continuing Investing Activities	-537	-232	-265	-432	-485	-608	-665	327	-1,780	-345	1,591
Purchase of Property, Plant & Equipment	-735	-407	-378	-551	-592	-634	-628	-367	-358	-506	-423
Purchase of Investments	-	-	-	-	-	-	-	-	-	-	-20
Sale of Property, Plant & Equipment	1.00	1.00	77	13	280	22	2.00	685	219	176	2,034
Sale and/or Maturity of Investments	165	473	60	59	40	45	41	28	53	23	25
Other Investing Activities, net	32	7.00	-24	47	50	-41	-80	-19	-27	20	-25
Net Cash From Financing Activities	-1,657	-2,242	-117	-4,493	-1,657	-1,825	-846	-1,543	-192	-724	-2,049
Net Cash From Continuing Financing Activities	-1,657	-2,242	-117	-4,493	-1,657	-1,825	-846	-1,543	-192	-724	-2,049
Repayment of Debt	-494	-941	-1,271	-1,247	-1,194	-637	-3,086	-16	-438	-720	-1,342
Repurchase of Common Equity	-694	-1,253	-800	-5,266	-752	-1,263	-1,164	-840	-800	-647	-247
Payment of Dividends	-469	-537	-544	-541	-480	-480	-461	-505	-490	-496	-483
Issuance of Debt	-	453	2,488	2,559	678	535	3,815	-196	1,518	1,135	0.00
Issuance of Common Equity	-	36	10	2.00	91	20	50	14	18	4.00	23
Effect of Exchange Rate Changes	-15	113	15	34	-33	27	-6.00	-7.00	33	-28	22

This table presents Phillips 66's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	48,580	51,653	54,371	54,302	58,720	54,721	55,594	76,442	75,501	72,582
Total Current Assets	12,256	12,680	14,390	13,209	14,395	13,276	14,697	21,922	19,941	17,910
Cash & Equivalents	3,074	2,711	3,119	3,019	1,614	2,514	3,147	6,133	3,323	1,738
Note & Lease Receivable	-	5,485	6,424	5,414	7,376	5,688	6,138	10,985	11,730	11,033
Inventories, net	3,477	3,150	3,395	3,543	3,776	3,893	3,394	3,276	3,750	3,995
Prepaid Expenses	532	422	370	474	495	347	686	1,528	1,138	1,144
Plant, Property, & Equipment, net	19,721	20,855	21,460	22,018	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	16,603	18,118	18,521	19,075	44,325	41,445	40,897	54,520	55,560	54,672
Long-Term Investments	12,143	13,534	13,941	14,421	14,571	13,624	14,471	14,950	15,302	14,378
Goodwill	3,275	3,270	3,270	3,270	3,270	1,425	1,484	1,486	1,550	1,575
Intangible Assets	906	888	876	869	869	843	813	831	920	1,161
Other Noncurrent Operating Assets	279	426	434	515	25,615	25,553	24,129	37,253	37,788	37,558
Total Liabilities & Shareholders' Equity	48,580	51,653	54,371	54,302	58,720	54,721	55,594	76,442	75,501	72,582
Total Liabilities	24,642	27,928	26,943	27,149	31,551	33,198	33,957	42,336	43,851	44,119
Total Current Liabilities	7,531	9,463	10,107	8,935	11,646	9,518	12,801	15,889	15,856	15,087
Short-Term Debt	44	550	41	67	547	987	1,489	529	1,482	1,831
Accounts Payable	5,655	7,061	8,027	6,586	8,575	5,549	8,461	11,323	10,901	10,304
Current Deferred & Payable Income Tax Liabilities	878	805	1,002	1,116	979	1,351	1,254	1,397	1,200	1,060
Current Employee Benefit Liabilities	576	527	582	724	710	573	638	764	863	732
Other Current Liabilities	378	520	455	442	835	1,058	959	1,876	1,410	1,160
Total Noncurrent Liabilities	17,111	18,465	16,836	18,214	19,905	23,680	21,156	26,447	27,995	29,032
Long-Term Debt	8,843	9,588	10,069	11,093	11,216	14,906	12,959	16,661	17,877	18,231
Asset Retirement Reserve & Litigation Obligation	665	655	641	624	638	657	727	879	864	1,129
Noncurrent Deferred Revenue	277	263	234	355	1,454	1,132	940	1,299	1,200	1,868
Noncurrent Deferred & Payable Income Tax Liabilities	6,041	6,743	5,008	5,275	5,553	5,644	5,475	6,671	7,424	7,101
Noncurrent Employee Benefit Liabilities	1,285	1,216	884	867	1,044	1,341	1,055	937	630	703
Total Equity & Noncontrolling Interests	23,938	23,725	27,428	27,153	27,169	21,523	21,637	34,106	31,650	28,463
Total Preferred & Common Equity	23,100	22,390	25,085	24,653	24,910	18,984	19,166	29,494	30,583	27,408
Total Common Equity	23,100	22,390	25,085	24,653	24,910	18,984	19,166	29,494	30,583	27,408
Common Stock	19,151	19,565	19,774	19,879	20,307	20,389	20,511	19,798	19,657	19,795
Retained Earnings	12,348	12,608	16,306	20,489	22,064	16,500	16,216	25,432	30,550	30,771
Treasury Stock	-7,746	-8,788	-10,378	-15,023	-16,673	-17,116	-17,116	-15,276	-19,342	-22,751
Accumulated Other Comprehensive Income / (Loss)	-653	-995	-617	-692	-788	-789	-445	-460	-282	-407
Noncontrolling Interest	838	1,335	2,343	2,500	2,259	2,539	2,471	4,612	1,067	1,055

This table presents Phillips 66's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	77,339	76,442	77,262	74,886	77,786	75,501	76,399	75,945	75,080	72,582	71,838
Total Current Assets	23,270	21,922	22,670	19,898	22,496	19,941	20,704	20,916	19,307	17,910	18,279
Cash & Equivalents	3,744	6,133	6,965	3,029	3,539	3,323	1,570	2,444	1,637	1,738	1,489
Note & Lease Receivable	11,606	10,985	8,123	9,458	11,976	11,730	11,532	10,887	10,440	11,033	10,221
Inventories, net	4,294	3,276	5,445	6,380	5,732	3,750	6,286	6,522	6,037	3,995	5,240
Prepaid Expenses	1,580	1,528	934	1,031	1,249	1,138	1,316	1,063	1,193	1,144	1,329
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	54,069	54,520	54,592	54,988	55,290	55,560	55,695	55,029	55,773	54,672	53,559
Long-Term Investments	14,772	14,950	15,289	15,532	15,316	15,302	15,592	15,191	15,222	14,378	13,359
Goodwill	1,486	1,486	1,486	1,486	1,555	1,550	1,553	1,553	1,574	1,575	1,575
Intangible Assets	845	831	793	786	926	920	911	901	1,157	1,161	1,167
Other Noncurrent Operating Assets	36,966	37,253	37,024	37,184	37,493	37,788	37,639	37,384	37,820	37,558	37,458
Total Liabilities & Shareholders' Equity	77,339	76,442	77,262	74,886	77,786	75,501	76,399	75,945	75,080	72,582	71,838
Total Liabilities	44,030	42,336	42,346	43,826	45,797	43,851	45,606	45,438	45,296	44,119	43,485
Total Current Liabilities	17,882	15,889	14,705	14,971	17,416	15,856	17,667	18,271	15,922	15,087	14,883
Short-Term Debt	1,032	529	825	832	913	1,482	2,325	2,780	1,522	1,831	1,061
Accounts Payable	12,317	11,323	10,569	10,436	12,710	10,901	12,474	12,322	10,906	10,304	10,725
Current Deferred & Payable Income Tax Liabilities	1,836	1,397	1,388	1,181	1,345	1,200	1,087	1,368	1,206	1,060	1,247
Current Employee Benefit Liabilities	714	764	436	557	777	863	459	551	676	732	372
Other Current Liabilities	1,983	1,876	1,487	1,965	1,671	1,410	1,322	1,250	1,612	1,160	1,478
Total Noncurrent Liabilities	26,148	26,447	27,641	28,855	28,381	27,995	27,939	27,167	29,374	29,032	28,602
Long-Term Debt	16,625	16,661	17,660	19,034	18,531	17,877	17,829	17,180	18,476	18,231	17,742
Asset Retirement Reserve & Litigation Obligation	862	879	872	876	869	864	919	939	1,102	1,129	1,151
Noncurrent Deferred Revenue	1,301	1,299	1,365	1,202	1,166	1,200	1,210	1,198	1,877	1,868	2,047
Noncurrent Deferred & Payable Income Tax Liabilities	6,339	6,671	6,813	6,819	7,234	7,424	7,368	7,224	7,257	7,101	6,972
Noncurrent Employee Benefit Liabilities	1,021	937	931	924	581	630	613	626	662	703	690
Total Equity & Noncontrolling Interests	33,309	34,106	34,916	31,060	31,989	31,650	30,793	30,507	29,784	28,463	28,353
Total Preferred & Common Equity	28,233	29,494	30,249	29,898	30,821	30,583	29,726	29,455	28,722	27,408	27,273
Total Common Equity	28,233	29,494	30,249	29,898	30,821	30,583	29,726	29,455	28,722	27,408	27,273
Common Stock	19,745	19,798	19,802	19,470	19,610	19,657	19,681	19,724	19,766	19,795	19,796
Retained Earnings	24,008	25,432	26,903	28,122	29,751	30,550	30,846	31,372	31,237	30,771	30,785
Treasury Stock	-14,526	-15,276	-16,083	-17,422	-18,155	-19,342	-20,489	-	-22,140	-22,751	-22,995
Accumulated Other Comprehensive Income / (Loss)	-994	-460	-373	-272	-385	-282	-312	-309	-141	-407	-313
Noncontrolling Interest	5,076	4,612	4,667	1,162	1,168	1,067	1,067	1,052	1,062	1,055	1,080

This table displays calculated financial ratios and metrics derived from Phillips 66's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-38.51%	-15.00%	22.08%	9.11%	-4.13%	-40.22%	74.85%	51.20%	-13.55%	-2.86%
EBITDA Growth	6.07%	-50.26%	43.66%	75.20%	-35.77%	-151.36%	227.88%	330.13%	-26.91%	-51.84%
EBIT Growth	5.69%	-60.20%	57.89%	99.07%	-41.68%	-196.31%	151.98%	557.39%	-32.06%	-65.44%
NOPAT Growth	5.61%	-58.61%	219.99%	5.15%	-41.03%	-186.55%	154.10%	468.93%	-21.25%	-64.47%
Net Income Growth	-10.78%	-61.59%	219.22%	11.91%	-42.50%	-209.98%	142.92%	614.62%	-36.45%	-69.95%
EPS Growth	-7.20%	-62.23%	237.33%	19.80%	-42.63%	-233.83%	132.78%	683.50%	-33.48%	-67.76%
Operating Cash Flow Growth	61.89%	-48.14%	23.12%	107.59%	-36.51%	-56.09%	185.03%	79.71%	-34.99%	-40.38%
Free Cash Flow Firm Growth	144.88%	-13.53%	65.64%	91.23%	-69.31%	-195.13%	366.91%	-144.45%	373.43%	-50.90%
Invested Capital Growth	15.27%	0.06%	16.23%	1.93%	8.98%	-6.46%	-13.21%	63.61%	7.19%	0.08%
Revenue Q/Q Growth	-11.83%	1.94%	6.61%	-0.31%	0.30%	-16.95%	16.69%	4.81%	-1.65%	-2.93%
EBITDA Q/Q Growth	-6.54%	-16.53%	14.58%	31.78%	-16.03%	-246.89%	175.70%	33.96%	-5.57%	-15.65%
EBIT Q/Q Growth	-7.67%	-23.01%	18.91%	39.55%	-19.79%	-97.39%	15,573.33%	39.28%	-6.70%	-28.16%
NOPAT Q/Q Growth	-9.77%	-19.45%	137.82%	-17.24%	-21.91%	-99.78%	16,397.71%	13.42%	-11.16%	-29.24%
Net Income Q/Q Growth	-10.31%	-22.31%	139.96%	-13.78%	-30.84%	-54.11%	688.19%	5.96%	-9.13%	-36.68%
EPS Q/Q Growth	-10.01%	-23.36%	146.87%	-11.01%	-31.27%	-46.60%	353.85%	6.40%	-8.40%	-36.03%
Operating Cash Flow Q/Q Growth	12.28%	-21.88%	53.02%	41.16%	-33.71%	-33.32%	23.91%	37.52%	-26.70%	-19.14%
Free Cash Flow Firm Q/Q Growth	-12.97%	-20.06%	129.97%	34.76%	-55.20%	-190.42%	48.73%	62.18%	-35.36%	-22.99%
Invested Capital Q/Q Growth	0.27%	0.36%	9.43%	-4.68%	0.64%	-1.50%	-0.45%	-6.89%	-0.60%	-1.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.21%	27.11%	24.10%	14.21%	12.71%	11.80%	10.75%	13.32%	14.34%	10.53%
EBITDA Margin	7.37%	4.31%	5.08%	8.15%	5.46%	-4.69%	3.43%	9.76%	8.25%	4.09%
Operating Margin	6.23%	2.86%	3.82%	6.88%	4.13%	-6.91%	1.63%	7.23%	6.71%	2.31%
EBIT Margin	6.30%	2.95%	3.82%	6.96%	4.24%	-6.82%	2.03%	8.82%	6.93%	2.47%
Profit (Net Income) Margin	4.24%	1.92%	5.02%	5.14%	3.09%	-5.68%	1.39%	6.59%	4.84%	1.50%
Tax Burden Percent	70.81%	75.03%	147.62%	78.89%	80.83%	74.82%	91.61%	77.81%	76.45%	81.31%
Interest Burden Percent	95.12%	86.64%	89.03%	93.66%	90.12%	111.18%	74.97%	95.94%	91.35%	74.68%
Effective Tax Rate	29.19%	24.97%	-47.62%	21.11%	19.17%	0.00%	8.39%	22.19%	23.55%	18.69%
Return on Invested Capital (ROIC)	27.07%	10.46%	30.95%	29.98%	16.76%	-14.37%	8.61%	40.00%	24.50%	8.41%
ROIC Less NNEP Spread (ROIC-NNEP)	29.68%	13.64%	40.85%	34.89%	21.95%	9.23%	15.48%	-6.87%	51.60%	-15.05%
Return on Net Nonoperating Assets (RNNOA)	-8.45%	-3.56%	-10.43%	-8.46%	-4.33%	-0.88%	-1.22%	0.87%	-2.48%	-1.17%
Return on Equity (ROE)	18.62%	6.90%	20.52%	21.52%	12.43%	-15.26%	7.39%	40.87%	22.02%	7.24%
Cash Return on Invested Capital (CROIC)	12.89%	10.40%	15.93%	28.07%	8.17%	-7.70%	22.76%	-8.26%	17.56%	8.33%
Operating Return on Assets (OROA)	13.06%	5.05%	7.53%	14.63%	8.20%	-7.87%	4.21%	23.11%	13.64%	4.84%
Return on Assets (ROA)	8.80%	3.28%	9.90%	10.81%	5.98%	-6.55%	2.89%	17.25%	9.53%	2.94%
Return on Common Equity (ROCE)	18.10%	6.58%	19.04%	19.61%	11.34%	-13.75%	6.53%	35.68%	20.12%	6.98%
Return on Equity Simple (ROE_SIMPLE)	18.53%	7.34%	20.92%	23.82%	13.56%	-19.56%	8.32%	38.62%	23.67%	7.94%
Net Operating Profit after Tax (NOPAT)	4,451	1,842	5,895	6,198	3,655	-3,163	1,711	9,736	7,667	2,724
NOPAT Margin	4.41%	2.15%	5.63%	5.43%	3.34%	-4.83%	1.50%	5.63%	5.13%	1.88%
Net Nonoperating Expense Percent (NNEP)	-2.61%	-3.19%	-9.90%	-4.91%	-5.20%	-23.60%	-6.87%	46.87%	-27.10%	23.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	18.98%	15.03%	5.61%
Cost of Revenue to Revenue	72.79%	72.89%	75.90%	85.79%	87.29%	88.20%	89.25%	86.68%	85.66%	89.47%
SG&A Expenses to Revenue	5.91%	6.90%	6.11%	5.74%	6.17%	9.33%	6.02%	4.79%	5.80%	6.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.97%	24.25%	20.28%	7.33%	8.58%	18.71%	9.12%	6.08%	7.63%	8.22%
Earnings before Interest and Taxes (EBIT)	6,354	2,529	3,993	7,949	4,636	-4,465	2,321	15,258	10,366	3,582
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,432	3,697	5,311	9,305	5,977	-3,070	3,926	16,887	12,343	5,945
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.49	1.56	1.27	1.62	1.39	1.49	1.55	1.85	1.72
Price to Tangible Book Value (P/TBV)	1.66	1.83	1.87	1.53	1.95	1.57	1.70	1.68	2.02	1.91
Price to Revenue (P/Rev)	0.31	0.39	0.38	0.27	0.37	0.40	0.25	0.26	0.38	0.32
Price to Earnings (P/E)	7.42	21.45	7.69	5.60	13.15	0.00	21.74	4.15	8.09	22.23
Dividend Yield	3.71%	3.83%	3.52%	4.56%	3.84%	5.98%	5.54%	3.95%	3.26%	3.95%
Earnings Yield	13.48%	4.66%	13.01%	17.86%	7.60%	0.00%	4.60%	24.08%	12.37%	4.50%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.62	1.69	1.32	1.68	1.34	1.51	1.54	1.81	1.61
Enterprise Value to Revenue (EV/Rev)	0.26	0.33	0.33	0.24	0.35	0.44	0.24	0.27	0.39	0.36
Enterprise Value to EBITDA (EV/EBITDA)	3.48	7.73	6.52	2.96	6.41	0.00	7.11	2.75	4.74	8.76
Enterprise Value to EBIT (EV/EBIT)	4.07	11.30	8.68	3.47	8.26	0.00	12.03	3.05	5.65	14.53
Enterprise Value to NOPAT (EV/NOPAT)	5.81	15.52	5.88	4.45	10.48	0.00	16.32	4.78	7.63	19.11
Enterprise Value to Operating Cash Flow (EV/OCF)	4.53	9.65	9.50	3.64	7.96	13.55	4.64	4.30	8.33	12.42
Enterprise Value to Free Cash Flow (EV/FCFF)	12.21	15.60	11.42	4.75	21.50	0.00	6.18	0.00	10.65	19.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.43	0.37	0.41	0.43	0.74	0.67	0.50	0.61	0.70
Long-Term Debt to Equity	0.37	0.40	0.37	0.41	0.41	0.69	0.60	0.49	0.56	0.64
Financial Leverage	-0.28	-0.26	-0.26	-0.24	-0.20	-0.10	-0.08	-0.13	-0.05	0.08
Leverage Ratio	2.12	2.10	2.07	1.99	2.08	2.33	2.56	2.37	2.31	2.46
Compound Leverage Factor	2.01	1.82	1.85	1.86	1.88	2.59	1.92	2.27	2.11	1.84
Debt to Total Capital	27.07%	29.94%	26.93%	29.13%	30.21%	42.48%	40.04%	33.51%	37.95%	41.34%
Short-Term Debt to Total Capital	0.13%	1.62%	0.11%	0.17%	1.41%	2.64%	4.13%	1.03%	2.91%	3.77%
Long-Term Debt to Total Capital	26.94%	28.31%	26.82%	28.95%	28.81%	39.84%	35.91%	32.48%	35.05%	37.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.55%	3.94%	6.24%	6.53%	5.80%	6.79%	6.85%	8.99%	2.09%	2.17%
Common Equity to Total Capital	70.37%	66.12%	66.83%	64.35%	63.98%	50.74%	53.11%	57.50%	59.96%	56.48%
Debt to EBITDA	1.20	2.74	1.90	1.20	1.97	-5.18	3.68	1.02	1.57	3.37
Net Debt to EBITDA	-0.85	-1.65	-1.31	-0.67	-0.74	0.08	-0.81	-0.23	0.06	0.66
Long-Term Debt to EBITDA	1.19	2.59	1.90	1.19	1.88	-4.86	3.30	0.99	1.45	3.07
Debt to NOPAT	2.00	5.50	1.72	1.80	3.22	-5.02	8.44	1.77	2.52	7.37
Net Debt to NOPAT	-1.42	-3.32	-1.18	-1.01	-1.21	0.08	-1.85	-0.40	0.10	1.45
Long-Term Debt to NOPAT	1.99	5.21	1.71	1.79	3.07	-4.71	7.57	1.71	2.33	6.69
Altman Z-Score	3.74	2.95	3.56	3.90	3.48	1.91	3.15	4.13	3.84	3.44
Noncontrolling Interest Sharing Ratio	2.80%	4.56%	7.19%	8.87%	8.76%	9.85%	11.61%	12.71%	8.64%	3.53%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.34	1.42	1.48	1.24	1.39	1.15	1.38	1.26	1.19
Quick Ratio	1.10	0.96	1.05	1.03	0.87	0.95	0.83	1.08	0.95	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,119	1,832	3,035	5,803	1,781	-1,694	4,522	-2,010	5,496	2,699
Operating Cash Flow to CapEx	100.33%	110.23%	208.93%	288.28%	126.96%	73.58%	328.26%	573.94%	398.70%	539.38%
Free Cash Flow to Firm to Interest Expense	6.83	5.42	6.93	11.51	3.89	-3.40	7.78	-3.25	6.13	2.98
Operating Cash Flow to Interest Expense	18.43	8.77	8.33	15.03	10.50	4.23	10.36	17.47	7.84	4.62
Operating Cash Flow Less CapEx to Interest Expense	0.06	0.81	4.34	9.81	2.23	-1.52	7.20	14.42	5.87	3.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.07	1.71	1.97	2.10	1.94	1.15	2.07	2.62	1.97	1.96
Accounts Receivable Turnover	16.23	28.17	104.94	124.02	115.63	66.49	105.63	0.00	0.00	0.00
Inventory Turnover	21.36	18.85	24.27	28.23	26.10	15.05	28.02	44.96	36.46	33.56
Fixed Asset Turnover	5.44	4.22	4.94	5.25	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	10.70	9.83	10.53	13.40	12.60	8.17	14.58	15.16	11.53	12.26
Days Sales Outstanding (DSO)	22.49	12.96	3.48	2.94	3.16	5.49	3.46	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	17.09	19.36	15.04	12.93	13.98	24.25	13.03	8.12	10.01	10.88
Days Payable Outstanding (DPO)	34.11	37.15	34.68	27.23	28.96	44.67	25.04	24.08	31.67	29.78
Cash Conversion Cycle (CCC)	5.47	-4.83	-16.16	-11.36	-11.82	-14.92	-8.56	-15.96	-21.65	-18.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,608	17,618	20,478	20,873	22,747	21,278	18,467	30,213	32,384	32,409
Invested Capital Turnover	6.13	4.87	5.49	5.52	5.02	2.97	5.76	7.11	4.78	4.48
Increase / (Decrease) in Invested Capital	2,332	10	2,860	395	1,874	-1,469	-2,811	11,746	2,171	25
Enterprise Value (EV)	25,858	28,587	34,647	27,553	38,288	28,597	27,927	46,507	58,519	52,053
Market Capitalization	31,350	33,359	39,254	31,333	40,451	26,303	28,626	45,788	56,718	47,052
Book Value per Share	$43.30	$42.99	$49.50	$53.46	$56.06	$43.46	$43.75	$62.40	$69.51	$66.36
Tangible Book Value per Share	$35.47	$35.00	$41.32	$44.49	$46.74	$38.27	$38.50	$57.50	$63.90	$59.74
Total Capital	32,825	33,863	37,538	38,313	38,932	37,416	36,085	51,296	51,009	48,525
Total Debt	8,887	10,138	10,110	11,160	11,763	15,893	14,448	17,190	19,359	20,062
Total Long-Term Debt	8,843	9,588	10,069	11,093	11,216	14,906	12,959	16,661	17,877	18,231
Net Debt	-6,330	-6,107	-6,950	-6,280	-4,422	-245	-3,170	-3,893	734	3,946
Capital Expenditures (CapEx)	5,694	2,688	1,746	2,627	3,787	2,869	1,833	1,884	1,763	777
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,695	1,056	1,205	1,322	1,682	2,231	238	429	2,244	2,916
Debt-free Net Working Capital (DFNWC)	4,769	3,767	4,324	4,341	3,296	4,745	3,385	6,562	5,567	4,654
Net Working Capital (NWC)	4,725	3,217	4,283	4,274	2,749	3,758	1,896	6,033	4,085	2,823
Net Nonoperating Expense (NNE)	171	198	647	325	278	551	117	-1,655	428	549
Net Nonoperating Obligations (NNO)	-6,330	-6,107	-6,950	-6,280	-4,422	-245	-3,170	-3,893	734	3,946
Total Depreciation and Amortization (D&A)	1,078	1,168	1,318	1,356	1,341	1,395	1,605	1,629	1,977	2,363
Debt-free, Cash-free Net Working Capital to Revenue	1.68%	1.23%	1.15%	1.16%	1.54%	3.41%	0.21%	0.25%	1.50%	2.01%
Debt-free Net Working Capital to Revenue	4.73%	4.40%	4.13%	3.80%	3.01%	7.25%	2.96%	3.79%	3.72%	3.20%
Net Working Capital to Revenue	4.69%	3.75%	4.09%	3.74%	2.51%	5.74%	1.66%	3.49%	2.73%	1.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.78	$2.94	$9.90	$11.87	$6.80	($9.06)	$2.97	$23.36	$15.56	$5.01
Adjusted Weighted Average Basic Shares Outstanding	542.36M	527.53M	515.09M	470.71M	451.36M	439.53M	440.03M	471.50M	450.14M	420.17M
Adjusted Diluted Earnings per Share	$7.73	$2.92	$9.85	$11.80	$6.77	($9.06)	$2.97	$23.27	$15.48	$4.99
Adjusted Weighted Average Diluted Shares Outstanding	546.98M	530.07M	518.51M	474.05M	453.89M	439.53M	440.36M	473.73M	453.21M	421.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	527.46M	517.82M	501.24M	454.91M	439.45M	436.93M	438.46M	463.91M	427.82M	407.70M
Normalized Net Operating Profit after Tax (NOPAT)	4,456	1,846	2,812	6,204	4,351	-187	3,084	9,783	7,685	3,095
Normalized NOPAT Margin	4.42%	2.15%	2.69%	5.43%	3.98%	-0.29%	2.70%	5.66%	5.14%	2.13%
Pre Tax Income Margin	5.99%	2.56%	3.40%	6.52%	3.82%	-7.59%	1.52%	8.46%	6.33%	1.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.50	7.48	9.12	15.77	10.12	-8.95	3.99	24.65	11.56	3.95
NOPAT to Interest Expense	14.36	5.45	13.46	12.30	7.98	-6.34	2.95	15.73	8.55	3.00
EBIT Less CapEx to Interest Expense	2.13	-0.47	5.13	10.56	1.85	-14.70	0.84	21.61	9.59	3.09
NOPAT Less CapEx to Interest Expense	-4.01	-2.50	9.47	7.09	-0.29	-12.09	-0.21	12.68	6.58	2.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.46%	82.54%	28.87%	27.98%	53.63%	-50.19%	119.76%	17.36%	28.25%	89.75%
Augmented Payout Ratio	63.79%	145.92%	59.17%	107.07%	102.49%	-62.12%	121.27%	35.04%	139.88%	248.41%

This table displays calculated financial ratios and metrics derived from Phillips 66's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	45.33%	23.97%	-4.95%	-27.72%	-11.87%	-6.12%	3.70%	8.51%	-10.49%	-11.37%	-15.69%
EBITDA Growth	706.88%	83.47%	155.11%	-34.65%	-54.53%	-25.99%	-48.93%	-32.15%	-66.35%	-60.99%	-2.06%
EBIT Growth	1,121.37%	118.40%	195.22%	-40.79%	-58.53%	-31.09%	-58.11%	-38.57%	-78.84%	-92.17%	-27.04%
NOPAT Growth	409.46%	104.74%	151.76%	-43.29%	-31.09%	-42.40%	-60.91%	-35.60%	-78.20%	-91.70%	-18.84%
Net Income Growth	1,035.25%	46.75%	216.13%	-45.51%	-61.32%	-36.13%	-63.36%	-41.18%	-82.78%	-98.05%	-30.88%
EPS Growth	1,126.37%	48.44%	225.58%	-43.03%	-57.97%	-33.10%	-58.81%	-36.02%	-82.52%	-97.91%	-31.79%
Operating Cash Flow Growth	42.71%	163.89%	5.55%	-46.44%	-14.60%	-53.89%	-119.68%	119.58%	-57.84%	-45.30%	179.24%
Free Cash Flow Firm Growth	-385.54%	-341.82%	-410.96%	-429.73%	120.45%	90.88%	82.57%	107.37%	-92.86%	109.66%	223.38%
Invested Capital Growth	74.92%	63.61%	66.07%	57.44%	0.39%	7.19%	8.47%	1.44%	1.06%	0.08%	-4.37%
Revenue Q/Q Growth	-7.24%	-10.24%	-14.64%	1.71%	13.09%	-4.38%	-5.93%	6.43%	-6.71%	-5.32%	-10.31%
EBITDA Q/Q Growth	68.46%	-56.44%	-1.63%	-9.46%	17.20%	-29.10%	-25.72%	20.30%	-41.88%	-17.81%	70.43%
EBIT Q/Q Growth	72.59%	-60.74%	-1.01%	-11.71%	20.88%	-34.77%	-32.48%	29.47%	-58.37%	-75.86%	460.65%
NOPAT Q/Q Growth	1.19%	-31.75%	-2.61%	-15.68%	22.96%	-42.95%	-32.91%	38.92%	-58.37%	-78.28%	550.13%
Net Income Q/Q Growth	74.10%	-63.68%	3.23%	-16.51%	23.59%	-40.04%	-40.78%	34.03%	-63.82%	-93.22%	2,004.00%
EPS Q/Q Growth	70.90%	-61.56%	-2.10%	-11.43%	26.08%	-38.81%	-39.72%	37.57%	-65.55%	-92.68%	1,866.67%
Operating Cash Flow Q/Q Growth	76.33%	51.08%	-74.76%	-20.35%	181.15%	-18.44%	-110.78%	988.56%	-46.02%	5.83%	-84.39%
Free Cash Flow Firm Q/Q Growth	-450.62%	10.38%	-7.44%	2.33%	121.75%	-139.95%	-100.76%	141.29%	-78.92%	-45.94%	2,513.64%
Invested Capital Q/Q Growth	57.85%	-6.89%	3.09%	3.91%	0.66%	-0.60%	4.33%	-2.82%	0.28%	-1.56%	-0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.51%	14.39%	16.27%	14.23%	14.83%	12.19%	10.88%	10.46%	10.77%	9.97%	9.72%
EBITDA Margin	16.94%	8.22%	9.47%	8.43%	8.74%	6.48%	4.66%	5.27%	3.28%	2.85%	5.42%
Operating Margin	9.39%	7.00%	8.05%	6.76%	7.46%	4.65%	3.01%	3.99%	1.55%	0.45%	2.84%
EBIT Margin	16.00%	7.00%	8.11%	7.04%	7.53%	5.13%	3.28%	3.99%	1.78%	0.45%	2.84%
Profit (Net Income) Margin	12.11%	4.90%	5.93%	4.87%	5.32%	3.33%	2.09%	2.64%	1.02%	0.07%	1.72%
Tax Burden Percent	77.40%	78.99%	78.35%	77.27%	76.18%	72.97%	78.94%	77.80%	89.35%	-192.31%	81.17%
Interest Burden Percent	97.84%	88.68%	93.25%	89.40%	92.72%	88.98%	80.94%	85.02%	64.33%	-8.39%	74.57%
Effective Tax Rate	22.60%	21.01%	21.65%	22.73%	23.82%	27.03%	21.06%	22.20%	10.65%	0.00%	18.83%
Return on Invested Capital (ROIC)	47.03%	39.27%	43.25%	31.11%	26.58%	16.20%	11.04%	14.64%	6.32%	1.42%	9.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-105.52%	46.54%	46.96%	40.63%	136.05%	17.59%	37.46%	4.74%	-0.67%	-2.14%	4.56%
Return on Net Nonoperating Assets (RNNOA)	5.69%	-5.90%	-5.87%	-1.98%	-0.56%	-0.84%	-0.44%	0.28%	-0.04%	-0.17%	0.54%
Return on Equity (ROE)	52.72%	33.37%	37.37%	29.13%	26.01%	15.36%	10.60%	14.92%	6.28%	1.26%	10.26%
Cash Return on Invested Capital (CROIC)	-20.84%	-8.26%	-5.29%	-8.16%	26.15%	17.56%	11.34%	15.91%	10.70%	8.33%	12.23%
Operating Return on Assets (OROA)	39.47%	18.33%	20.14%	16.11%	14.76%	10.11%	6.43%	8.13%	3.48%	0.89%	5.34%
Return on Assets (ROA)	29.89%	12.84%	14.71%	11.13%	10.42%	6.56%	4.11%	5.38%	2.00%	0.14%	3.23%
Return on Common Equity (ROCE)	45.35%	29.13%	34.12%	28.36%	23.53%	14.03%	9.67%	14.38%	6.06%	1.21%	9.89%
Return on Equity Simple (ROE_SIMPLE)	38.08%	0.00%	42.35%	38.01%	25.85%	0.00%	19.93%	17.68%	11.96%	0.00%	7.11%
Net Operating Profit after Tax (NOPAT)	3,324	2,269	2,209	1,863	2,291	1,307	864	1,200	499	109	705
NOPAT Margin	7.27%	5.53%	6.31%	5.23%	5.68%	3.39%	2.38%	3.10%	1.38%	0.32%	2.30%
Net Nonoperating Expense Percent (NNEP)	152.55%	-7.27%	-3.71%	-9.52%	-109.48%	-1.39%	-26.42%	9.90%	7.00%	3.57%	5.16%
Return On Investment Capital (ROIC_SIMPLE)	-	4.42%	-	-	-	2.56%	-	-	-	0.22%	1.50%
Cost of Revenue to Revenue	84.49%	85.61%	83.73%	85.77%	85.17%	87.81%	89.12%	89.54%	89.23%	90.03%	90.28%
SG&A Expenses to Revenue	4.87%	5.74%	6.23%	5.55%	5.71%	5.75%	5.53%	5.07%	7.46%	6.12%	6.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.12%	7.39%	8.22%	7.46%	7.37%	7.54%	7.87%	6.47%	9.22%	9.52%	6.89%
Earnings before Interest and Taxes (EBIT)	7,316	2,872	2,843	2,510	3,034	1,979	1,191	1,542	642	155	869
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,746	3,374	3,319	3,005	3,522	2,497	1,695	2,039	1,185	974	1,660
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.55	1.47	1.40	1.68	1.85	2.38	2.02	1.92	1.72	1.85
Price to Tangible Book Value (P/TBV)	1.40	1.68	1.60	1.52	1.83	2.02	2.59	2.20	2.12	1.91	2.05
Price to Revenue (P/Rev)	0.22	0.26	0.26	0.27	0.34	0.38	0.47	0.39	0.37	0.32	0.36
Price to Earnings (P/E)	3.47	4.15	3.60	3.84	6.78	8.09	12.19	11.59	16.33	22.23	27.12
Dividend Yield	5.03%	3.95%	4.12%	4.42%	3.54%	3.26%	2.61%	3.07%	3.35%	3.95%	3.73%
Earnings Yield	28.81%	24.08%	27.80%	26.05%	14.75%	12.37%	8.21%	8.63%	6.12%	4.50%	3.69%
Enterprise Value to Invested Capital (EV/IC)	1.24	1.54	1.46	1.37	1.64	1.81	2.21	1.91	1.80	1.61	1.71
Enterprise Value to Revenue (EV/Rev)	0.24	0.27	0.27	0.28	0.35	0.39	0.50	0.41	0.40	0.36	0.40
Enterprise Value to EBITDA (EV/EBITDA)	3.20	2.75	2.41	3.11	4.10	4.74	6.98	6.64	8.40	8.76	9.60
Enterprise Value to EBIT (EV/EBIT)	3.68	3.05	2.66	3.58	4.82	5.65	8.58	8.44	11.88	14.53	17.76
Enterprise Value to NOPAT (EV/NOPAT)	4.70	4.78	4.11	4.61	6.20	7.63	11.83	11.10	15.38	19.11	21.60
Enterprise Value to Operating Cash Flow (EV/OCF)	5.13	4.30	4.18	4.42	5.58	8.33	13.37	9.31	11.43	12.42	12.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	6.30	10.65	20.31	12.09	16.90	19.29	13.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.50	0.53	0.64	0.61	0.61	0.65	0.65	0.67	0.70	0.66
Long-Term Debt to Equity	0.50	0.49	0.51	0.61	0.58	0.56	0.58	0.56	0.62	0.64	0.63
Financial Leverage	-0.05	-0.13	-0.13	-0.05	0.00	-0.05	-0.01	0.06	0.06	0.08	0.12
Leverage Ratio	2.48	2.37	2.42	2.48	2.38	2.31	2.34	2.45	2.47	2.46	2.51
Compound Leverage Factor	2.43	2.10	2.25	2.21	2.20	2.06	1.89	2.08	1.59	-0.21	1.87
Debt to Total Capital	34.64%	33.51%	34.62%	39.01%	37.80%	37.95%	39.56%	39.55%	40.17%	41.34%	39.87%
Short-Term Debt to Total Capital	2.02%	1.03%	1.54%	1.63%	1.78%	2.91%	4.56%	5.51%	3.06%	3.77%	2.25%
Long-Term Debt to Total Capital	32.62%	32.48%	33.07%	37.38%	36.03%	35.05%	35.00%	34.04%	37.11%	37.57%	37.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.96%	8.99%	8.74%	2.28%	2.27%	2.09%	2.09%	2.08%	2.13%	2.17%	2.29%
Common Equity to Total Capital	55.40%	57.50%	56.65%	58.71%	59.92%	59.96%	58.35%	58.36%	57.70%	56.48%	57.84%
Debt to EBITDA	1.40	1.02	0.98	1.39	1.49	1.57	1.88	2.11	2.84	3.37	3.26
Net Debt to EBITDA	-0.07	-0.23	-0.20	0.09	0.05	0.06	0.28	0.25	0.45	0.66	0.69
Long-Term Debt to EBITDA	1.32	0.99	0.93	1.33	1.42	1.45	1.66	1.82	2.62	3.07	3.08
Debt to NOPAT	2.06	1.77	1.67	2.06	2.25	2.52	3.19	3.53	5.19	7.37	7.33
Net Debt to NOPAT	-0.10	-0.40	-0.34	0.14	0.07	0.10	0.47	0.41	0.82	1.45	1.54
Long-Term Debt to NOPAT	1.94	1.71	1.60	1.97	2.15	2.33	2.82	3.04	4.80	6.69	6.92
Altman Z-Score	3.46	3.60	3.58	3.39	3.38	3.47	3.57	3.50	3.39	3.29	3.33
Noncontrolling Interest Sharing Ratio	13.98%	12.71%	8.72%	2.62%	9.56%	8.64%	8.73%	3.60%	3.61%	3.53%	3.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.38	1.54	1.33	1.29	1.26	1.17	1.14	1.21	1.19	1.23
Quick Ratio	0.97	1.08	1.11	0.83	0.89	0.95	0.74	0.73	0.76	0.85	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10,575	-9,477	-10,183	-9,945	2,163	-864	-1,774	733	154	84	2,182
Operating Cash Flow to CapEx	428.34%	1,169.95%	398.34%	177.51%	860.58%	357.84%	-37.70%	0.00%	814.39%	363.03%	0.00%
Free Cash Flow to Firm to Interest Expense	-66.93	-49.11	-53.03	-37.39	9.79	-3.96	-7.82	3.17	0.67	0.38	9.88
Operating Cash Flow to Interest Expense	19.90	24.61	6.24	3.59	12.15	10.05	-1.04	9.08	4.94	5.45	0.85
Operating Cash Flow Less CapEx to Interest Expense	15.25	22.51	4.68	1.57	10.74	7.24	-3.80	10.45	4.34	3.95	8.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.47	2.62	2.48	2.29	1.96	1.97	1.96	2.04	1.96	1.96	1.88
Accounts Receivable Turnover	93.63	0.00	117.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	33.14	44.96	29.23	24.40	25.81	36.46	22.36	20.96	22.61	33.56	21.73
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	13.38	15.16	12.27	11.10	10.34	11.53	11.38	11.88	11.27	12.26	10.80
Days Sales Outstanding (DSO)	3.90	0.00	3.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	11.01	8.12	12.49	14.96	14.14	10.01	16.33	17.42	16.14	10.88	16.80
Days Payable Outstanding (DPO)	27.27	24.08	29.74	32.88	35.30	31.67	32.07	30.72	32.39	29.78	33.81
Cash Conversion Cycle (CCC)	-12.36	-15.96	-14.15	-17.92	-21.16	-21.65	-15.74	-13.31	-16.25	-18.90	-17.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	32,450	30,213	31,147	32,365	32,578	32,384	33,785	32,832	32,923	32,409	32,308
Invested Capital Turnover	6.47	7.11	6.86	5.95	4.68	4.78	4.65	4.72	4.57	4.48	4.22
Increase / (Decrease) in Invested Capital	13,899	11,746	12,392	11,808	128	2,171	2,638	467	345	25	-1,477
Enterprise Value (EV)	40,363	46,507	45,509	44,439	53,546	58,519	74,766	62,732	59,222	52,053	55,378
Market Capitalization	36,146	45,788	44,611	41,972	51,789	56,718	70,707	59,355	55,021	47,052	50,343
Book Value per Share	$58.69	$62.40	$65.20	$65.16	$69.22	$69.51	$69.30	$69.48	$68.62	$66.36	$66.90
Tangible Book Value per Share	$53.84	$57.50	$60.29	$60.21	$63.64	$63.90	$63.55	$63.69	$62.09	$59.74	$60.17
Total Capital	50,966	51,296	53,401	50,926	51,433	51,009	50,947	50,467	49,782	48,525	47,156
Total Debt	17,657	17,190	18,485	19,866	19,444	19,359	20,154	19,960	19,998	20,062	18,803
Total Long-Term Debt	16,625	16,661	17,660	19,034	18,531	17,877	17,829	17,180	18,476	18,231	17,742
Net Debt	-859	-3,893	-3,769	1,305	589	734	2,992	2,325	3,139	3,946	3,955
Capital Expenditures (CapEx)	734	406	301	538	312	612	626	-318	139	330	-1,611
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,676	429	1,825	2,730	2,454	2,244	3,792	2,981	3,270	2,916	2,968
Debt-free Net Working Capital (DFNWC)	6,420	6,562	8,790	5,759	5,993	5,567	5,362	5,425	4,907	4,654	4,457
Net Working Capital (NWC)	5,388	6,033	7,965	4,927	5,080	4,085	3,037	2,645	3,385	2,823	3,396
Net Nonoperating Expense (NNE)	-2,216	257	132	129	148	22	103	180	130	84	179
Net Nonoperating Obligations (NNO)	-859	-3,893	-3,769	1,305	589	734	2,992	2,325	3,139	3,946	3,955
Total Depreciation and Amortization (D&A)	430	502	476	495	488	518	504	497	543	819	791
Debt-free, Cash-free Net Working Capital to Revenue	1.62%	0.25%	1.07%	1.73%	1.61%	1.50%	2.51%	1.94%	2.19%	2.01%	2.13%
Debt-free Net Working Capital to Revenue	3.89%	3.79%	5.14%	3.66%	3.94%	3.72%	3.56%	3.53%	3.28%	3.20%	3.19%
Net Working Capital to Revenue	3.26%	3.49%	4.65%	3.13%	3.34%	2.73%	2.01%	1.72%	2.26%	1.94%	2.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.19	$4.33	$4.21	$3.73	$4.72	$2.90	$1.74	$2.39	$0.82	$0.06	$1.19
Adjusted Weighted Average Basic Shares Outstanding	481.39M	471.50M	464.81M	454.45M	444.28M	450.14M	428.96M	422.87M	417.31M	420.17M	409.18M
Adjusted Diluted Earnings per Share	$11.16	$4.29	$4.20	$3.72	$4.69	$2.87	$1.73	$2.38	$0.82	$0.06	$1.18
Adjusted Weighted Average Diluted Shares Outstanding	483.04M	473.73M	467.03M	456.17M	447.26M	453.21M	431.91M	425.73M	418.80M	421.89M	410.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	472.63M	463.91M	458.86M	445.29M	439.96M	427.82M	423.95M	418.57M	412.99M	407.70M	407.58M
Normalized Net Operating Profit after Tax (NOPAT)	3,324	2,315	2,216	1,866	2,293	1,313	994	1,190	525	134	-156
Normalized NOPAT Margin	7.27%	5.64%	6.32%	5.24%	5.69%	3.41%	2.74%	3.08%	1.46%	0.39%	-0.51%
Pre Tax Income Margin	15.65%	6.20%	7.57%	6.30%	6.98%	4.57%	2.65%	3.39%	1.14%	-0.04%	2.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	46.30	14.88	14.81	9.44	13.73	9.08	5.25	6.68	2.80	0.70	3.93
NOPAT to Interest Expense	21.04	11.76	11.51	7.00	10.37	5.99	3.80	5.19	2.18	0.49	3.19
EBIT Less CapEx to Interest Expense	41.66	12.78	13.24	7.41	12.32	6.27	2.49	8.05	2.20	-0.80	11.22
NOPAT Less CapEx to Interest Expense	16.39	9.65	9.94	4.98	8.95	3.19	1.05	6.57	1.57	-1.01	10.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.94%	17.36%	15.93%	18.40%	26.39%	28.25%	33.13%	36.97%	56.36%	89.75%	101.75%
Augmented Payout Ratio	25.01%	35.04%	37.89%	88.92%	127.71%	139.88%	175.70%	114.13%	174.76%	248.41%	232.37%

Key Financial Trends

Phillips 66 (NYSE: PSX) has demonstrated a mixed financial performance trend over the last four years, incorporating Q1 2025 data down to historical data from 2022.

Positive Developments:

Phillips 66's total revenue has remained strong and relatively stable, with Q1 2025 revenue at approximately $30.6 billion, only slightly lower than recent quarterly peaks (~$38.7B in Q2 2024), showing resilience even amidst varying market conditions.
Net income attributable to common shareholders shows positive recovery with $487 million in Q1 2025 compared to a low single-digit million in Q4 2024, indicating an improving profitability trend in the latest quarter.
The company maintained significant cash dividends to common shareholders with $1.15 per share paid in Q1 2025, up from $1.05-$1.15 in recent quarters, showing an ongoing commitment to shareholder returns.
Operating gross profit remains positive with $2.98 billion in Q1 2025, consistent with prior quarters although slightly below peaks in 2023 and early 2024.
Net cash from operating activities recovered to $187 million in Q1 2025 after negative operating cash in Q1 2024, showing operational cash flow improvement.
Inventories and receivables increased over last few quarters but remain supported by strong revenue and assets; total assets are stable around $71.8 billion as of Q1 2025.
Long-term investments and noncurrent assets remain high (~$53.6 billion in Q1 2025), providing a solid asset base for future growth and operations.

Neutral Factors:

Total liabilities remained fairly stable over the period, about $43.5 billion as of Q1 2025, indicating no major changes in leverage but warrant monitoring.
Depreciation and amortization expenses are stable quarter-over-quarter around $800-$900 million, reflecting ongoing asset utilization but no major changes.
Accounts payable and other current liabilities fluctuate moderately, consistent with business operations and seasonal factors.

Negative Factors and Risks:

Net income has been volatile with a notable drop to just $8 million in Q4 2024, contrasting with stronger quarters in 2023 - investors should be cautious about profitability sustainability.
Negative net cash from financing activities in Q1 2025 of nearly $2 billion due to debt repayments and equity repurchase suggests a significant cash outflow that may pressure liquidity if not balanced.
Net change in cash and equivalents fell by $249 million in Q1 2025, reflecting tighter cash management or operational challenges in the quarter.
Interest expense remained high at $221 million in Q1 2025, which could pressure net income if operating income does not improve.
Impairment charges and special income items fluctuate and had a positive $1.09 billion other special income in Q1 2025, which may not be sustainable, introducing earnings volatility.
Total operating expenses remain significant, around $2.1 billion in Q1 2025, which needs to be managed effectively to maintain margins.

Summary: Phillips 66 shows a solid revenue base and a strong asset position, with improving operating cash flows and resumed profitability in Q1 2025 after some quarters of challenges. The company's commitment to dividends remains intact, which is positive for investors. However, earnings volatility and substantial financing cash outflows highlight the need for cautious monitoring of operational efficiency and debt management. Overall, the company appears positioned for recovery but faces risks from margin pressures and financial expenses.

08/04/25 11:17 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Phillips 66's Financials

When does Phillips 66's fiscal year end?

According to the most recent income statement we have on file, Phillips 66's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Phillips 66's net income changed over the last 9 years?

Phillips 66's net income appears to be on an upward trend, with a most recent value of $2.18 billion in 2024, falling from $4.28 billion in 2015. The previous period was $7.24 billion in 2023. Find out what analysts predict for Phillips 66 in the coming months.

What is Phillips 66's operating income?

Phillips 66's total operating income in 2024 was $3.35 billion, based on the following breakdown:

Total Gross Profit: $15.29 billion
Total Operating Expenses: $11.94 billion

How has Phillips 66's revenue changed over the last 9 years?

Over the last 9 years, Phillips 66's total revenue changed from $100.83 billion in 2015 to $145.25 billion in 2024, a change of 44.1%.

How much debt does Phillips 66 have?

Phillips 66's total liabilities were at $44.12 billion at the end of 2024, a 0.6% increase from 2023, and a 79.0% increase since 2015.

How much cash does Phillips 66 have?

In the past 9 years, Phillips 66's cash and equivalents has ranged from $1.61 billion in 2019 to $6.13 billion in 2022, and is currently $1.74 billion as of their latest financial filing in 2024.

How has Phillips 66's book value per share changed over the last 9 years?

Over the last 9 years, Phillips 66's book value per share changed from 43.30 in 2015 to 66.36 in 2024, a change of 53.3%.

Related Companies

This page (NYSE:PSX) was last updated on 8/4/2025 by MarketBeat.com Staff

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Phillips 66 (PSX) Financials

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Phillips 66 (PSX) Financials

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