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Phillips 66 (PSX) Financials

Phillips 66 logo
$175.14 +3.63 (+2.11%)
As of 10:46 AM Eastern
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Annual Income Statements for Phillips 66

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 2025
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 12/31/2025
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 4,403
Consolidated Net Income / (Loss)		 4,280 1,644 5,248 5,873 3,377 -3,714 1,594 11,391 7,239 2,175 4,528
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 4,528
Total Pre-Tax Income 		6,044 2,191 3,555 7,445 4,178 -4,964 1,740 14,639 9,469 2,675 5,420
Total Operating Income		 6,285 2,455 3,993 7,857 4,522 -4,519 1,868 12,512 10,029 3,350 6,020
Total Gross Profit		 27,432 23,235 25,213 16,226 13,911 7,721 12,296 23,033 21,445 15,291 20,029
Total Revenue		 100,831 85,703 104,622 114,156 109,440 65,428 114,398 172,965 149,531 145,253 136,122
Operating Revenue		 100,831 85,703 104,622 114,156 109,440 65,428 114,398 172,965 149,531 145,253 136,122
Total Cost of Revenue		 73,399 62,468 79,409 97,930 95,529 57,707 102,102 149,932 128,086 129,962 116,093
Operating Cost of Revenue		 73,399 62,468 79,409 97,930 95,529 57,707 102,102 149,932 128,086 129,962 116,093
Total Operating Expenses		 21,147 20,780 21,220 8,369 9,389 12,240 10,428 10,521 11,416 11,941 14,009
Selling, General & Admin Expense		 5,964 5,913 6,394 6,557 6,755 6,107 6,891 8,279 8,679 8,753 8,860
Depreciation Expense		 1,078 1,168 1,318 1,356 1,341 1,395 1,605 1,629 1,977 2,363 3,251
Amortization Expense		 21 21 22 23 23 22 24 23 29 40 47
Other Operating Expenses / (Income)		 14,077 13,673 13,462 425 409 464 410 530 707 329 791
Impairment Charge		 7.00 5.00 24 8.00 861 4,252 1,498 60 24 456 1,060
Total Other Income / (Expense), net		 -241 -264 -438 -412 -344 -445 -128 2,127 -560 -675 -600
Interest Expense		 310 338 438 504 458 499 581 619 897 907 1,039
Other Income / (Expense), net		 69 74 - 92 114 54 453 2,746 337 232 439
Income Tax Expense		 1,764 547 -1,693 1,572 801 -1,250 146 3,248 2,230 500 892
Net Income / (Loss) Attributable to Noncontrolling Interest		 53 89 142 278 301 261 277 367 224 58 125
Basic Earnings per Share		 $7.78 $2.94 $9.90 $11.87 $6.80 ($9.06) $2.97 $23.36 $15.56 $5.01 $10.82
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 406.01M
Diluted Earnings per Share		 $7.73 $2.92 $9.85 $11.80 $6.77 ($9.06) $2.97 $23.27 $15.48 $4.99 $10.79
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 408.05M
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 400.74M
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 $4.75

Quarterly Income Statements for Phillips 66

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2,097 1,260 748 1,015 346 8.00 487 877 133 2,906 207
Consolidated Net Income / (Loss)		 2,143 1,285 761 1,020 369 25 526 908 167 2,927 219
Net Income / (Loss) Continuing Operations		 2,143 1,285 761 1,020 369 25 526 908 167 2,927 219
Total Pre-Tax Income 		2,813 1,761 964 1,311 413 -13 648 1,120 199 3,453 260
Total Operating Income		 3,007 1,791 1,101 1,485 559 155 807 1,236 458 3,457 546
Total Gross Profit		 5,977 4,698 3,953 4,225 3,885 3,407 4,010 4,306 4,749 7,995 3,780
Total Revenue		 40,307 38,542 36,339 38,853 36,079 34,161 31,670 33,383 34,968 37,132 32,996
Operating Revenue		 40,307 38,542 36,339 38,853 36,079 34,161 31,670 33,383 34,968 37,132 32,996
Total Cost of Revenue		 34,330 33,844 32,386 34,628 32,194 30,754 27,660 29,077 30,219 29,137 29,216
Operating Cost of Revenue		 34,330 33,844 32,386 34,628 32,194 30,754 27,660 29,077 30,219 29,137 29,216
Total Operating Expenses		 2,970 2,907 2,852 2,740 3,326 3,252 3,203 3,070 4,291 4,538 3,234
Selling, General & Admin Expense		 2,302 2,217 2,009 1,959 2,693 2,092 2,141 2,022 2,284 2,413 2,418
Depreciation Expense		 488 518 504 497 543 819 791 816 826 818 558
Amortization Expense		 6.00 10 9.00 10 8.00 13 12 10 12 13 12
Other Operating Expenses / (Income)		 171 153 165 49 53 54 233 218 229 117 244
Impairment Charge		 3.00 9.00 165 225 29 37 26 4.00 951 79 8.00
Other Special Charges / (Income)		 - - - - - - - - -11 - -6.00
Total Other Income / (Expense), net		 -194 -30 -137 -174 -146 -168 -159 -116 -259 -4.00 -286
Interest Expense		 221 218 227 231 229 220 221 264 259 295 286
Income Tax Expense		 670 476 203 291 44 -38 122 212 32 526 41
Net Income / (Loss) Attributable to Noncontrolling Interest		 46 25 13 5.00 23 17 39 31 34 21 12
Basic Earnings per Share		 $4.72 $2.90 $1.74 $2.39 $0.82 $0.06 $1.19 $2.15 $0.32 $7.16 $0.51
Weighted Average Basic Shares Outstanding		 444.28M 450.14M 428.96M 422.87M 417.31M 420.17M 409.18M 406.76M 404.51M 406.01M 402.04M
Diluted Earnings per Share		 $4.69 $2.87 $1.73 $2.38 $0.82 $0.06 $1.18 $2.15 $0.32 $7.14 $0.51
Weighted Average Diluted Shares Outstanding		 447.26M 453.21M 431.91M 425.73M 418.80M 421.89M 410.51M 407.93M 405.55M 408.05M 403.27M
Weighted Average Basic & Diluted Shares Outstanding		 439.96M 427.82M 423.95M 418.57M 412.99M 407.70M 407.58M 404.12M 402.92M 400.74M 400.94M
Cash Dividends to Common per Share		 $1.05 - $1.05 $1.15 - - $1.15 $1.20 - - $1.27

Annual Cash Flow Statements for Phillips 66

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -2,133 -363 408 -65 -1,405 900 633 2,986 -2,810 -1,585 -622
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 4,962
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 4,962
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 4,528
Consolidated Net Income / (Loss)		 4,280 1,644 5,248 5,873 3,377 -3,714 1,594 11,391 7,239 2,175 4,528
Depreciation Expense		 1,078 1,168 1,318 1,356 1,341 1,395 1,605 1,629 1,977 2,363 3,251
Non-Cash Adjustments To Reconcile Net Income		 47 -962 -1,094 365 737 4,630 971 -3,595 -1,212 519 -1,814
Changes in Operating Assets and Liabilities, net		 308 1,113 -1,824 -21 -647 -200 1,847 1,388 -975 -866 -1,003
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 -2,097
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 -2,097
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 -2,233
Acquisitions		 - - - - - - - -306 -263 -625 -3,498
Purchase of Investments		 - - -10 -1.00 -98 -316 -310 -75 0.00 -1,100 0.00
Sale of Property, Plant & Equipment		 70 156 86 12 86 51 27 4.00 392 1,082 3,520
Sale and/or Maturity of Investments		 - - 326 45 166 236 269 787 201 141 90
Other Investing Activities, net		 -44 -470 -34 112 31 -130 2.00 -10 35 -102 24
Net Cash From Financing Activities		 -2,117 -178 -2,111 -5,167 -2,511 1,791 -3,470 -6,388 -8,092 -3,305 -3,537
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 -3,537
Repayment of Debt		 -971 -875 -3,754 -1,230 -1,038 -1,090 -3,006 -2,953 -4,349 -4,260 -8,878
Repurchase of Common Equity		 -1,512 -1,042 -1,590 -4,645 -1,650 -443 -24 -2,013 -8,081 -3,451 -1,207
Payment of Dividends		 -1,218 -1,357 -1,515 -1,643 -1,811 -1,864 -1,909 -1,978 -2,045 -1,952 -2,086
Issuance of Debt		 1,169 2,090 3,508 2,184 1,783 5,178 1,443 453 6,260 6,272 8,395
Issuance of Common Equity		 415 1,006 1,240 167 205 10 26 103 123 86 239
Effect of Exchange Rate Changes		 9.00 10 - - -14 77 -42 49 43 -8.00 50

Quarterly Cash Flow Statements for Phillips 66

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 510 -216 -1,753 874 -807 101 -249 -345 806 -834 4,034
Net Cash From Operating Activities		 2,685 2,190 -236 2,097 1,132 1,198 187 845 1,178 2,752 -2,264
Net Cash From Continuing Operating Activities		 2,685 2,190 -236 2,097 1,132 1,198 187 845 1,178 2,752 -2,264
Net Income / (Loss) Continuing Operations		 2,143 1,285 761 1,020 369 25 526 908 167 2,927 219
Consolidated Net Income / (Loss)		 2,143 1,285 761 1,020 369 25 526 908 167 2,927 219
Depreciation Expense		 488 518 504 497 543 819 791 816 826 818 558
Non-Cash Adjustments To Reconcile Net Income		 -640 13 1.00 -191 488 221 -925 244 913 -2,046 -145
Changes in Operating Assets and Liabilities, net		 694 374 -1,502 771 -268 133 -205 -1,123 -728 1,053 -2,896
Net Cash From Investing Activities		 -485 -608 -665 327 -1,780 -345 1,591 -2,734 -487 -467 -606
Net Cash From Continuing Investing Activities		 -485 -608 -665 327 -1,780 -345 1,591 -2,734 -487 -467 -606
Purchase of Property, Plant & Equipment		 -592 -634 -628 -367 -358 -506 -423 -587 -541 -682 -582
Acquisitions		 - - - - - -58 0.00 - 10 -1,288 -66
Sale of Property, Plant & Equipment		 280 22 2.00 685 219 176 2,034 -3.00 - 1,489 7.00
Sale and/or Maturity of Investments		 40 45 41 28 53 23 25 39 16 10 26
Other Investing Activities, net		 50 -41 -80 -19 -27 20 -45 37 28 -16 9.00
Net Cash From Financing Activities		 -1,657 -1,825 -846 -1,543 -192 -724 -2,049 1,526 112 -3,126 6,920
Net Cash From Continuing Financing Activities		 -1,657 -1,825 -846 -1,543 -192 -724 -2,049 1,526 112 -3,126 6,920
Repayment of Debt		 -1,194 -637 -3,086 -16 -438 -720 -1,342 -1,094 -1,645 -4,797 -2,008
Repurchase of Common Equity		 -752 -1,263 -1,164 -840 -800 -647 -247 -419 -267 -274 -269
Payment of Dividends		 -480 -480 -461 -505 -490 -496 -483 -568 -512 -523 -531
Issuance of Debt		 678 535 3,815 -196 1,518 1,135 0.00 3,499 2,450 2,446 9,629
Issuance of Common Equity		 91 20 50 14 18 4.00 23 108 86 22 99
Effect of Exchange Rate Changes		 -33 27 -6.00 -7.00 33 -28 22 18 3.00 7.00 -16

Annual Balance Sheets for Phillips 66

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 2025
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 12/31/2025
Total Assets		 48,580 51,653 54,371 54,302 58,720 54,721 55,594 76,442 75,501 72,582 73,680
Total Current Assets		 12,256 12,680 14,390 13,209 14,395 13,276 14,697 21,922 19,941 17,910 17,271
Cash & Equivalents		 3,074 2,711 3,119 3,019 1,614 2,514 3,147 6,133 3,323 1,738 1,116
Note & Lease Receivable		 - 5,485 6,424 5,414 7,376 5,688 6,138 10,985 11,730 11,033 9,771
Inventories, net		 3,477 3,150 3,395 3,543 3,776 3,893 3,394 3,276 3,750 3,995 5,097
Prepaid Expenses		 532 422 370 474 495 347 686 1,528 1,138 1,144 1,287
Plant, Property, & Equipment, net		 19,721 20,855 21,460 22,018 0.00 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 56,409
Long-Term Investments		 12,143 13,534 13,941 14,421 14,571 13,624 14,471 14,950 15,302 14,378 11,905
Goodwill		 3,275 3,270 3,270 3,270 3,270 1,425 1,484 1,486 1,550 1,575 1,433
Intangible Assets		 906 888 876 869 869 843 813 831 920 1,161 978
Other Noncurrent Operating Assets		 279 426 434 515 25,615 25,553 24,129 37,253 37,788 37,558 42,093
Total Liabilities & Shareholders' Equity		 48,580 51,653 54,371 54,302 58,720 54,721 55,594 76,442 75,501 72,582 73,680
Total Liabilities		 24,642 27,928 26,943 27,149 31,551 33,198 33,957 42,336 43,851 44,119 43,439
Total Current Liabilities		 7,531 9,463 10,107 8,935 11,646 9,518 12,801 15,889 15,856 15,087 13,326
Short-Term Debt		 44 550 41 67 547 987 1,489 529 1,482 1,831 1,038
Accounts Payable		 5,655 7,061 8,027 6,586 8,575 5,549 8,461 11,323 10,901 10,304 8,867
Current Deferred & Payable Income Tax Liabilities		 878 805 1,002 1,116 979 1,351 1,254 1,397 1,200 1,060 1,362
Current Employee Benefit Liabilities		 576 527 582 724 710 573 638 764 863 732 680
Other Current Liabilities		 378 520 455 442 835 1,058 959 1,876 1,410 1,160 1,379
Total Noncurrent Liabilities		 17,111 18,465 16,836 18,214 19,905 23,680 21,156 26,447 27,995 29,032 30,113
Long-Term Debt		 8,843 9,588 10,069 11,093 11,216 14,906 12,959 16,661 17,877 18,231 18,678
Asset Retirement Reserve & Litigation Obligation		 665 655 641 624 638 657 727 879 864 1,129 1,022
Noncurrent Deferred Revenue		 277 263 234 355 1,454 1,132 940 1,299 1,200 1,868 2,532
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 7,308
Noncurrent Employee Benefit Liabilities		 1,285 1,216 884 867 1,044 1,341 1,055 937 630 703 573
Total Equity & Noncontrolling Interests		 23,938 23,725 27,428 27,153 27,169 21,523 21,637 34,106 31,650 28,463 30,241
Total Preferred & Common Equity		 23,100 22,390 25,085 24,653 24,910 18,984 19,166 29,494 30,583 27,408 29,093
Total Common Equity		 23,100 22,390 25,085 24,653 24,910 18,984 19,166 29,494 30,583 27,408 29,093
Common Stock		 19,151 19,565 19,774 19,879 20,307 20,389 20,511 19,798 19,657 19,795 19,955
Retained Earnings		 12,348 12,608 16,306 20,489 22,064 16,500 16,216 25,432 30,550 30,771 33,239
Treasury Stock		 -7,746 -8,788 -10,378 -15,023 -16,673 -17,116 -17,116 -15,276 -19,342 -22,751 -23,934
Accumulated Other Comprehensive Income / (Loss)		 -653 -995 -617 -692 -788 -789 -445 -460 -282 -407 -167
Noncontrolling Interest		 838 1,335 2,343 2,500 2,259 2,539 2,471 4,612 1,067 1,055 1,148

Quarterly Balance Sheets for Phillips 66

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 74,886 77,786 75,501 76,399 75,945 75,080 72,582 71,838 75,942 76,116 84,084
Total Current Assets		 19,898 22,496 19,941 20,704 20,916 19,307 17,910 18,279 21,076 22,017 27,396
Cash & Equivalents		 3,029 3,539 3,323 1,570 2,444 1,637 1,738 1,489 1,052 1,845 5,150
Note & Lease Receivable		 9,458 11,976 11,730 11,532 10,887 10,440 11,033 10,221 11,338 10,543 11,910
Inventories, net		 6,380 5,732 3,750 6,286 6,522 6,037 3,995 5,240 5,583 6,419 6,723
Prepaid Expenses		 1,031 1,249 1,138 1,316 1,063 1,193 1,144 1,329 1,478 1,616 3,613
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		 54,988 55,290 55,560 55,695 55,029 55,773 54,672 53,559 54,866 54,099 56,688
Long-Term Investments		 15,532 15,316 15,302 15,592 15,191 15,222 14,378 13,359 13,268 12,494 12,005
Goodwill		 1,486 1,555 1,550 1,553 1,553 1,574 1,575 1,575 1,433 1,433 1,433
Intangible Assets		 786 926 920 911 901 1,157 1,161 1,167 1,060 1,029 969
Other Noncurrent Operating Assets		 37,184 37,493 37,788 37,639 37,384 37,820 37,558 37,458 39,105 39,143 42,281
Total Liabilities & Shareholders' Equity		 74,886 77,786 75,501 76,399 75,945 75,080 72,582 71,838 75,942 76,116 84,084
Total Liabilities		 43,826 45,797 43,851 45,606 45,438 45,296 44,119 43,485 47,315 48,039 54,403
Total Current Liabilities		 14,971 17,416 15,856 17,667 18,271 15,922 15,087 14,883 19,685 17,946 24,191
Short-Term Debt		 832 913 1,482 2,325 2,780 1,522 1,831 1,061 3,735 2,587 8,448
Accounts Payable		 10,436 12,710 10,901 12,474 12,322 10,906 10,304 10,725 10,851 10,224 11,876
Current Deferred & Payable Income Tax Liabilities		 1,181 1,345 1,200 1,087 1,368 1,206 1,060 1,247 1,535 1,432 1,184
Current Employee Benefit Liabilities		 557 777 863 459 551 676 732 372 441 581 398
Other Current Liabilities		 1,965 1,671 1,410 1,322 1,250 1,612 1,160 1,478 1,698 1,703 2,285
Total Noncurrent Liabilities		 28,855 28,381 27,995 27,939 27,167 29,374 29,032 28,602 27,630 30,093 30,212
Long-Term Debt		 19,034 18,531 17,877 17,829 17,180 18,476 18,231 17,742 17,200 19,168 18,676
Asset Retirement Reserve & Litigation Obligation		 876 869 864 919 939 1,102 1,129 1,151 983 1,047 991
Noncurrent Deferred Revenue		 1,202 1,166 1,200 1,210 1,198 1,877 1,868 2,047 1,874 2,345 2,607
Noncurrent Deferred & Payable Income Tax Liabilities		 6,819 7,234 7,424 7,368 7,224 7,257 7,101 6,972 6,962 6,971 7,376
Noncurrent Employee Benefit Liabilities		 924 581 630 613 626 662 703 690 611 562 562
Total Equity & Noncontrolling Interests		 31,060 31,989 31,650 30,793 30,507 29,784 28,463 28,353 28,627 28,077 29,681
Total Preferred & Common Equity		 29,898 30,821 30,583 29,726 29,455 28,722 27,408 27,273 27,491 26,917 28,528
Total Common Equity		 29,898 30,821 30,583 29,726 29,455 28,722 27,408 27,273 27,491 26,917 28,528
Common Stock		 19,470 19,610 19,657 19,681 19,724 19,766 19,795 19,796 19,827 19,918 20,028
Retained Earnings		 28,122 29,751 30,550 30,846 31,372 31,237 30,771 30,785 31,172 30,818 32,934
Treasury Stock		 -17,422 -18,155 -19,342 -20,489 - -22,140 -22,751 -22,995 -23,390 -23,656 -24,203
Accumulated Other Comprehensive Income / (Loss)		 -272 -385 -282 -312 -309 -141 -407 -313 -118 -163 -231
Noncontrolling Interest		 1,162 1,168 1,067 1,067 1,052 1,062 1,055 1,080 1,136 1,160 1,153

Annual Metrics And Ratios for Phillips 66

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -38.51% -15.00% 22.08% 9.11% -4.13% -40.22% 74.85% 51.20% -13.55% -2.86% -6.29%
EBITDA Growth		 6.07% -50.26% 43.66% 75.20% -35.77% -151.36% 227.88% 330.13% -26.91% -51.84% 63.33%
EBIT Growth		 5.69% -60.20% 57.89% 99.07% -41.68% -196.31% 151.98% 557.39% -32.06% -65.44% 80.32%
NOPAT Growth		 5.61% -58.61% 219.99% 5.15% -41.03% -186.55% 154.10% 468.93% -21.25% -64.47% 84.64%
Net Income Growth		 -10.78% -61.59% 219.22% 11.91% -42.50% -209.98% 142.92% 614.62% -36.45% -69.95% 108.18%
EPS Growth		 -7.20% -62.23% 237.33% 19.80% -42.63% -233.83% 132.78% 683.50% -33.48% -67.76% 116.23%
Operating Cash Flow Growth		 61.89% -48.14% 23.12% 107.59% -36.51% -56.09% 185.03% 79.71% -34.99% -40.38% 18.40%
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% -81.39%
Invested Capital Growth		 15.27% 0.06% 16.23% 1.93% 8.98% -6.46% -13.21% 63.61% 7.19% 0.08% 13.97%
Revenue Q/Q Growth		 -11.83% 1.94% 6.61% -0.31% 0.30% -16.95% 16.69% 4.81% -1.65% -2.93% 2.37%
EBITDA Q/Q Growth		 -6.54% -16.53% 14.58% 31.78% -16.03% -246.89% 175.70% 33.96% -5.57% -15.65% 61.30%
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% 133.35%
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% 118.34%
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% 178.47%
EPS Q/Q Growth		 -10.01% -23.36% 146.87% -11.01% -31.27% -46.60% 353.85% 6.40% -8.40% -36.03% 190.84%
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% 45.60%
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% 648.08%
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% 4.58%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.21% 27.11% 24.10% 14.21% 12.71% 11.80% 10.75% 13.32% 14.34% 10.53% 14.71%
EBITDA Margin		 7.37% 4.31% 5.08% 8.15% 5.46% -4.69% 3.43% 9.76% 8.25% 4.09% 7.13%
Operating Margin		 6.23% 2.86% 3.82% 6.88% 4.13% -6.91% 1.63% 7.23% 6.71% 2.31% 4.42%
EBIT Margin		 6.30% 2.95% 3.82% 6.96% 4.24% -6.82% 2.03% 8.82% 6.93% 2.47% 4.75%
Profit (Net Income) Margin		 4.24% 1.92% 5.02% 5.14% 3.09% -5.68% 1.39% 6.59% 4.84% 1.50% 3.33%
Tax Burden Percent		 70.81% 75.03% 147.62% 78.89% 80.83% 74.82% 91.61% 77.81% 76.45% 81.31% 83.54%
Interest Burden Percent		 95.12% 86.64% 89.03% 93.66% 90.12% 111.18% 74.97% 95.94% 91.35% 74.68% 83.91%
Effective Tax Rate		 29.19% 24.97% -47.62% 21.11% 19.17% 0.00% 8.39% 22.19% 23.55% 18.69% 16.46%
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% 14.51%
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% 5.08%
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% 0.92%
Return on Equity (ROE)		 18.62% 6.90% 20.52% 21.52% 12.43% -15.26% 7.39% 40.87% 22.02% 7.24% 15.43%
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% 1.45%
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% 8.83%
Return on Assets (ROA)		 8.80% 3.28% 9.90% 10.81% 5.98% -6.55% 2.89% 17.25% 9.53% 2.94% 6.19%
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% 14.85%
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% 0.00%
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 5,029
NOPAT Margin		 4.41% 2.15% 5.63% 5.43% 3.34% -4.83% 1.50% 5.63% 5.13% 1.88% 3.69%
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% 9.42%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 18.98% 15.03% 5.61% 10.07%
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% 85.29%
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% 6.51%
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		 20.97% 24.25% 20.28% 7.33% 8.58% 18.71% 9.12% 6.08% 7.63% 8.22% 10.29%
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 6,459
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 9,710
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 1.79
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 1.95
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 0.38
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 11.81
Dividend Yield		 3.71% 3.83% 3.52% 4.56% 3.84% 5.98% 5.54% 3.95% 3.26% 3.95% 3.68%
Earnings Yield		 13.48% 4.66% 13.01% 17.86% 7.60% 0.00% 4.60% 24.08% 12.37% 4.50% 8.47%
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 1.62
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 0.44
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 6.16
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 9.26
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 11.90
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 12.06
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 19.29 119.13
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 0.65
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 0.62
Financial Leverage		 -0.28 -0.26 -0.26 -0.24 -0.20 -0.10 -0.08 -0.13 -0.05 0.08 0.18
Leverage Ratio		 2.12 2.10 2.07 1.99 2.08 2.33 2.56 2.37 2.31 2.46 2.49
Compound Leverage Factor		 2.01 1.82 1.85 1.86 1.88 2.59 1.92 2.27 2.11 1.84 2.09
Debt to Total Capital		 27.07% 29.94% 26.93% 29.13% 30.21% 42.48% 40.04% 33.51% 37.95% 41.34% 39.47%
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% 2.08%
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% 37.39%
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		 2.55% 3.94% 6.24% 6.53% 5.80% 6.79% 6.85% 8.99% 2.09% 2.17% 2.30%
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% 58.24%
Debt to EBITDA		 1.20 2.74 1.90 1.20 1.97 -5.18 3.68 1.02 1.57 3.37 2.03
Net Debt to EBITDA		 -0.85 -1.65 -1.31 -0.67 -0.74 0.08 -0.81 -0.23 0.06 0.66 0.69
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 1.92
Debt to NOPAT		 2.00 5.50 1.72 1.80 3.22 -5.02 8.44 1.77 2.52 7.37 3.92
Net Debt to NOPAT		 -1.42 -3.32 -1.18 -1.01 -1.21 0.08 -1.85 -0.40 0.10 1.45 1.33
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 3.71
Altman Z-Score		 3.74 2.95 3.56 3.90 3.48 1.91 3.15 4.13 3.84 3.44 3.55
Noncontrolling Interest Sharing Ratio		 2.80% 4.56% 7.19% 8.87% 8.76% 9.85% 11.61% 12.71% 8.64% 3.53% 3.75%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.63 1.34 1.42 1.48 1.24 1.39 1.15 1.38 1.26 1.19 1.30
Quick Ratio		 1.10 0.96 1.05 1.03 0.87 0.95 0.83 1.08 0.95 0.85 0.82
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 2,699 502
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% 0.00%
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 0.48
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 4.78
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 6.01
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.07 1.71 1.97 2.10 1.94 1.15 2.07 2.62 1.97 1.96 1.86
Accounts Receivable Turnover		 16.23 28.17 104.94 124.02 115.63 66.49 105.63 0.00 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 25.54
Fixed Asset Turnover		 5.44 4.22 4.94 5.25 0.00 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 12.11
Days Sales Outstanding (DSO)		 22.49 12.96 3.48 2.94 3.16 5.49 3.46 0.00 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 14.29
Days Payable Outstanding (DPO)		 34.11 37.15 34.68 27.23 28.96 44.67 25.04 24.08 31.67 29.78 30.14
Cash Conversion Cycle (CCC)		 5.47 -4.83 -16.16 -11.36 -11.82 -14.92 -8.56 -15.96 -21.65 -18.90 -15.84
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 36,936
Invested Capital Turnover		 6.13 4.87 5.49 5.52 5.02 2.97 5.76 7.11 4.78 4.48 3.93
Increase / (Decrease) in Invested Capital		 2,332 10 2,860 395 1,874 -1,469 -2,811 11,746 2,171 25 4,527
Enterprise Value (EV)		 25,858 28,587 34,647 27,553 38,288 28,597 27,927 46,507 58,519 52,053 59,836
Market Capitalization		 31,350 33,359 39,254 31,333 40,451 26,303 28,626 45,788 56,718 47,052 51,993
Book Value per Share		 $43.30 $42.99 $49.50 $53.46 $56.06 $43.46 $43.75 $62.40 $69.51 $66.36 $72.21
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 $66.22
Total Capital		 32,825 33,863 37,538 38,313 38,932 37,416 36,085 51,296 51,009 48,525 49,957
Total Debt		 8,887 10,138 10,110 11,160 11,763 15,893 14,448 17,190 19,359 20,062 19,716
Total Long-Term Debt		 8,843 9,588 10,069 11,093 11,216 14,906 12,959 16,661 17,877 18,231 18,678
Net Debt		 -6,330 -6,107 -6,950 -6,280 -4,422 -245 -3,170 -3,893 734 3,946 6,695
Capital Expenditures (CapEx)		 5,694 2,688 1,746 2,627 3,787 2,869 1,833 1,884 1,763 777 -1,287
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 3,867
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 4,983
Net Working Capital (NWC)		 4,725 3,217 4,283 4,274 2,749 3,758 1,896 6,033 4,085 2,823 3,945
Net Nonoperating Expense (NNE)		 171 198 647 325 278 551 117 -1,655 428 549 501
Net Nonoperating Obligations (NNO)		 -6,330 -6,107 -6,950 -6,280 -4,422 -245 -3,170 -3,893 734 3,946 6,695
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 3,251
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% 2.84%
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% 3.66%
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% 2.90%
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 $10.82
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 406.01M
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 $10.79
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 408.05M
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		 527.46M 517.82M 501.24M 454.91M 439.45M 436.93M 438.46M 463.91M 427.82M 407.70M 400.74M
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 5,915
Normalized NOPAT Margin		 4.42% 2.15% 2.69% 5.43% 3.98% -0.29% 2.70% 5.66% 5.14% 2.13% 4.35%
Pre Tax Income Margin		 5.99% 2.56% 3.40% 6.52% 3.82% -7.59% 1.52% 8.46% 6.33% 1.84% 3.98%
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 6.22
NOPAT to Interest Expense		 14.36 5.45 13.46 12.30 7.98 -6.34 2.95 15.73 8.55 3.00 4.84
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 7.46
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 6.08
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% 46.07%
Augmented Payout Ratio		 63.79% 145.92% 59.17% 107.07% 102.49% -62.12% 121.27% 35.04% 139.88% 248.41% 72.73%

Quarterly Metrics And Ratios for Phillips 66

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 400,935,020.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 400,935,020.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.52
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.87% -6.12% 3.70% 8.51% -10.49% -11.37% -15.69% -14.08% -3.08% 9.27% 4.19%
EBITDA Growth		 -54.53% -25.99% -48.93% -32.15% -66.35% -60.99% -2.06% 7.90% 8.35% 316.67% -33.49%
EBIT Growth		 -58.53% -31.09% -58.11% -38.57% -78.84% -92.17% -27.04% -10.25% -28.66% 1,570.05% -37.17%
NOPAT Growth		 -31.09% -42.40% -60.91% -35.60% -78.20% -91.70% -18.84% -13.27% -23.04% 1,942.08% -29.79%
Net Income Growth		 -61.32% -36.13% -63.36% -41.18% -82.78% -98.05% -30.88% -10.98% -54.74% 11,608.00% -58.37%
EPS Growth		 -57.97% -33.10% -58.81% -36.02% -82.52% -97.91% -31.79% -9.66% -60.98% 11,800.00% -56.78%
Operating Cash Flow Growth		 -14.60% -53.89% -119.68% 119.58% -57.84% -45.30% 179.24% -59.70% 4.06% 129.72% -1,310.70%
Free Cash Flow Firm Growth		 120.45% 90.88% 82.57% 107.37% -92.86% 109.66% 223.38% -275.48% -1,401.85% -1,447.35% -422.79%
Invested Capital Growth		 0.39% 7.19% 8.47% 1.44% 1.06% 0.08% -4.37% 6.73% 7.27% 13.97% 22.73%
Revenue Q/Q Growth		 13.09% -4.38% -5.93% 6.43% -6.71% -5.32% -10.31% 8.96% 4.75% 6.19% -11.14%
EBITDA Q/Q Growth		 17.20% -29.10% -25.72% 20.30% -41.88% -17.81% 70.43% 32.53% -41.64% 232.94% -74.18%
EBIT Q/Q Growth		 20.88% -34.77% -32.48% 29.47% -58.37% -75.86% 460.65% 59.26% -66.91% 654.80% -84.21%
NOPAT Q/Q Growth		 22.96% -42.95% -32.91% 38.92% -58.37% -78.28% 550.13% 42.05% -61.64% 662.42% -84.31%
Net Income Q/Q Growth		 23.59% -40.04% -40.78% 34.03% -63.82% -93.22% 2,004.00% 72.62% -81.61% 1,652.69% -92.52%
EPS Q/Q Growth		 26.08% -38.81% -39.72% 37.57% -65.55% -92.68% 1,866.67% 82.20% -85.12% 2,131.25% -92.86%
Operating Cash Flow Q/Q Growth		 181.15% -18.44% -110.78% 988.56% -46.02% 5.83% -84.39% 351.87% 39.41% 133.62% -182.27%
Free Cash Flow Firm Q/Q Growth		 121.75% -139.95% -100.76% 141.29% -78.92% -45.94% 2,513.64% -155.35% -66.45% 20.59% -331.04%
Invested Capital Q/Q Growth		 0.66% -0.60% 4.33% -2.82% 0.28% -1.56% -0.31% 8.46% 0.79% 4.58% 7.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 14.83% 12.19% 10.88% 10.46% 10.77% 9.97% 9.72% 12.90% 13.58% 21.53% 11.46%
EBITDA Margin		 8.74% 6.48% 4.66% 5.27% 3.28% 2.85% 5.42% 6.59% 3.67% 11.51% 3.35%
Operating Margin		 7.46% 4.65% 3.01% 3.99% 1.55% 0.45% 2.84% 3.70% 1.31% 9.31% 1.65%
EBIT Margin		 7.53% 5.13% 3.28% 3.99% 1.78% 0.45% 2.84% 4.15% 1.31% 9.31% 1.65%
Profit (Net Income) Margin		 5.32% 3.33% 2.09% 2.64% 1.02% 0.07% 1.72% 2.72% 0.48% 7.88% 0.66%
Tax Burden Percent		 76.18% 72.97% 78.94% 77.80% 89.35% -192.31% 81.17% 81.07% 83.92% 84.77% 84.23%
Interest Burden Percent		 92.72% 88.98% 80.94% 85.02% 64.33% -8.39% 74.57% 80.92% 43.45% 99.88% 47.62%
Effective Tax Rate		 23.82% 27.03% 21.06% 22.20% 10.65% 0.00% 18.83% 18.93% 16.08% 15.23% 15.77%
Return on Invested Capital (ROIC)		 26.58% 16.20% 11.04% 14.64% 6.32% 1.42% 9.72% 11.86% 4.28% 30.98% 5.32%
ROIC Less NNEP Spread (ROIC-NNEP)		 136.05% 17.59% 37.46% 4.74% -0.67% -2.14% 4.56% 9.71% 0.10% 30.92% 1.86%
Return on Net Nonoperating Assets (RNNOA)		 -0.56% -0.84% -0.44% 0.28% -0.04% -0.17% 0.54% 1.43% 0.02% 5.60% 0.45%
Return on Equity (ROE)		 26.01% 15.36% 10.60% 14.92% 6.28% 1.26% 10.26% 13.29% 4.30% 36.59% 5.77%
Cash Return on Invested Capital (CROIC)		 26.15% 17.56% 11.34% 15.91% 10.70% 8.33% 12.23% 0.62% -0.27% 1.45% -6.98%
Operating Return on Assets (OROA)		 14.76% 10.11% 6.43% 8.13% 3.48% 0.89% 5.34% 7.32% 2.30% 17.33% 2.92%
Return on Assets (ROA)		 10.42% 6.56% 4.11% 5.38% 2.00% 0.14% 3.23% 4.80% 0.84% 14.67% 1.17%
Return on Common Equity (ROCE)		 23.53% 14.03% 9.67% 14.38% 6.06% 1.21% 9.89% 12.80% 4.14% 35.21% 5.55%
Return on Equity Simple (ROE_SIMPLE)		 25.85% 0.00% 19.93% 17.68% 11.96% 0.00% 7.11% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2,291 1,307 864 1,200 499 109 705 1,002 384 2,930 460
NOPAT Margin		 5.68% 3.39% 2.38% 3.10% 1.38% 0.32% 2.30% 3.00% 1.10% 7.89% 1.39%
Net Nonoperating Expense Percent (NNEP)		 -109.48% -1.39% -26.42% 9.90% 7.00% 3.57% 5.16% 2.15% 4.19% 0.06% 3.46%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.56% - - - 0.22% 1.50% 2.02% 0.77% 5.87% 0.81%
Cost of Revenue to Revenue		 85.17% 87.81% 89.12% 89.54% 89.23% 90.03% 90.28% 87.10% 86.42% 78.47% 88.54%
SG&A Expenses to Revenue		 5.71% 5.75% 5.53% 5.07% 7.46% 6.12% 6.99% 6.06% 6.53% 6.50% 7.33%
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		 7.37% 7.54% 7.87% 6.47% 9.22% 9.52% 6.89% 9.20% 12.27% 12.22% 9.80%
Earnings before Interest and Taxes (EBIT)		 3,034 1,979 1,191 1,542 642 155 869 1,384 458 3,457 546
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,522 2,497 1,695 2,039 1,185 974 1,660 2,200 1,284 4,275 1,104
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.68 1.85 2.38 2.02 1.92 1.72 1.85 1.77 2.04 1.79 2.56
Price to Tangible Book Value (P/TBV)		 1.83 2.02 2.59 2.20 2.12 1.91 2.05 1.95 2.25 1.95 2.79
Price to Revenue (P/Rev)		 0.34 0.38 0.47 0.39 0.37 0.32 0.36 0.36 0.41 0.38 0.53
Price to Earnings (P/E)		 6.78 8.09 12.19 11.59 16.33 22.23 27.12 28.30 36.52 11.81 17.71
Dividend Yield		 3.54% 3.26% 2.61% 3.07% 3.35% 3.95% 3.73% 3.90% 3.46% 3.68% 2.67%
Earnings Yield		 14.75% 12.37% 8.21% 8.63% 6.12% 4.50% 3.69% 3.53% 2.74% 8.47% 5.65%
Enterprise Value to Invested Capital (EV/IC)		 1.64 1.81 2.21 1.91 1.80 1.61 1.71 1.61 1.80 1.62 2.12
Enterprise Value to Revenue (EV/Rev)		 0.35 0.39 0.50 0.41 0.40 0.36 0.40 0.42 0.48 0.44 0.61
Enterprise Value to EBITDA (EV/EBITDA)		 4.10 4.74 6.98 6.64 8.40 8.76 9.60 9.66 10.56 6.16 9.59
Enterprise Value to EBIT (EV/EBIT)		 4.82 5.65 8.58 8.44 11.88 14.53 17.76 19.65 22.96 9.26 14.61
Enterprise Value to NOPAT (EV/NOPAT)		 6.20 7.63 11.83 11.10 15.38 19.11 21.60 23.30 27.59 11.90 17.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.58 8.33 13.37 9.31 11.43 12.42 12.00 16.77 18.65 12.06 33.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.30 10.65 20.31 12.09 16.90 19.29 13.70 269.66 0.00 119.13 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.61 0.65 0.65 0.67 0.70 0.66 0.73 0.77 0.65 0.91
Long-Term Debt to Equity		 0.58 0.56 0.58 0.56 0.62 0.64 0.63 0.60 0.68 0.62 0.63
Financial Leverage		 0.00 -0.05 -0.01 0.06 0.06 0.08 0.12 0.15 0.18 0.18 0.24
Leverage Ratio		 2.38 2.31 2.34 2.45 2.47 2.46 2.51 2.57 2.61 2.49 2.69
Compound Leverage Factor		 2.20 2.06 1.89 2.08 1.59 -0.21 1.87 2.08 1.14 2.49 1.28
Debt to Total Capital		 37.80% 37.95% 39.56% 39.55% 40.17% 41.34% 39.87% 42.24% 43.66% 39.47% 47.75%
Short-Term Debt to Total Capital		 1.78% 2.91% 4.56% 5.51% 3.06% 3.77% 2.25% 7.54% 5.19% 2.08% 14.87%
Long-Term Debt to Total Capital		 36.03% 35.05% 35.00% 34.04% 37.11% 37.57% 37.62% 34.70% 38.47% 37.39% 32.88%
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		 2.27% 2.09% 2.09% 2.08% 2.13% 2.17% 2.29% 2.29% 2.33% 2.30% 2.03%
Common Equity to Total Capital		 59.92% 59.96% 58.35% 58.36% 57.70% 56.48% 57.84% 55.47% 54.02% 58.24% 50.22%
Debt to EBITDA		 1.49 1.57 1.88 2.11 2.84 3.37 3.26 3.59 3.61 2.03 3.09
Net Debt to EBITDA		 0.05 0.06 0.28 0.25 0.45 0.66 0.69 1.13 1.23 0.69 1.14
Long-Term Debt to EBITDA		 1.42 1.45 1.66 1.82 2.62 3.07 3.08 2.95 3.18 1.92 2.13
Debt to NOPAT		 2.25 2.52 3.19 3.53 5.19 7.37 7.33 8.65 9.44 3.92 5.61
Net Debt to NOPAT		 0.07 0.10 0.47 0.41 0.82 1.45 1.54 2.73 3.22 1.33 2.06
Long-Term Debt to NOPAT		 2.15 2.33 2.82 3.04 4.80 6.69 6.92 7.11 8.32 3.71 3.87
Altman Z-Score		 3.38 3.47 3.57 3.50 3.39 3.29 3.33 3.04 3.08 3.42 3.06
Noncontrolling Interest Sharing Ratio		 9.56% 8.64% 8.73% 3.60% 3.61% 3.53% 3.63% 3.70% 3.84% 3.75% 3.85%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.29 1.26 1.17 1.14 1.21 1.19 1.23 1.07 1.23 1.30 1.13
Quick Ratio		 0.89 0.95 0.74 0.73 0.76 0.85 0.79 0.63 0.69 0.82 0.71
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,163 -864 -1,774 733 154 84 2,182 -1,208 -2,011 -1,597 -6,882
Operating Cash Flow to CapEx		 860.58% 357.84% -37.70% 0.00% 814.39% 363.03% 0.00% 143.22% 217.74% 0.00% -393.74%
Free Cash Flow to Firm to Interest Expense		 9.79 -3.96 -7.82 3.17 0.67 0.38 9.88 -4.58 -7.76 -5.41 -24.06
Operating Cash Flow to Interest Expense		 12.15 10.05 -1.04 9.08 4.94 5.45 0.85 3.20 4.55 9.33 -7.92
Operating Cash Flow Less CapEx to Interest Expense		 10.74 7.24 -3.80 10.45 4.34 3.95 8.14 0.97 2.46 12.06 -9.93
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.96 1.97 1.96 2.04 1.96 1.96 1.88 1.77 1.76 1.86 1.76
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 25.81 36.46 22.36 20.96 22.61 33.56 21.73 19.77 18.90 25.54 19.67
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		 10.34 11.53 11.38 11.88 11.27 12.26 10.80 10.33 11.14 12.11 10.41
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 14.14 10.01 16.33 17.42 16.14 10.88 16.80 18.46 19.31 14.29 18.56
Days Payable Outstanding (DPO)		 35.30 31.67 32.07 30.72 32.39 29.78 33.81 35.34 32.76 30.14 35.06
Cash Conversion Cycle (CCC)		 -21.16 -21.65 -15.74 -13.31 -16.25 -18.90 -17.01 -16.88 -13.45 -15.84 -16.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 32,578 32,384 33,785 32,832 32,923 32,409 32,308 35,042 35,318 36,936 39,650
Invested Capital Turnover		 4.68 4.78 4.65 4.72 4.57 4.48 4.22 3.95 3.90 3.93 3.82
Increase / (Decrease) in Invested Capital		 128 2,171 2,638 467 345 25 -1,477 2,210 2,395 4,527 7,342
Enterprise Value (EV)		 53,546 58,519 74,766 62,732 59,222 52,053 55,378 56,376 63,545 59,836 84,130
Market Capitalization		 51,789 56,718 70,707 59,355 55,021 47,052 50,343 48,625 54,969 51,993 73,008
Book Value per Share		 $69.22 $69.51 $69.30 $69.48 $68.62 $66.36 $66.90 $67.45 $66.61 $72.21 $71.19
Tangible Book Value per Share		 $63.64 $63.90 $63.55 $63.69 $62.09 $59.74 $60.17 $61.33 $60.51 $66.22 $65.19
Total Capital		 51,433 51,009 50,947 50,467 49,782 48,525 47,156 49,562 49,832 49,957 56,805
Total Debt		 19,444 19,359 20,154 19,960 19,998 20,062 18,803 20,935 21,755 19,716 27,124
Total Long-Term Debt		 18,531 17,877 17,829 17,180 18,476 18,231 17,742 17,200 19,168 18,678 18,676
Net Debt		 589 734 2,992 2,325 3,139 3,946 3,955 6,615 7,416 6,695 9,969
Capital Expenditures (CapEx)		 312 612 626 -318 139 330 -1,611 590 541 -807 575
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2,454 2,244 3,792 2,981 3,270 2,916 2,968 4,074 4,813 3,867 6,503
Debt-free Net Working Capital (DFNWC)		 5,993 5,567 5,362 5,425 4,907 4,654 4,457 5,126 6,658 4,983 11,653
Net Working Capital (NWC)		 5,080 4,085 3,037 2,645 3,385 2,823 3,396 1,391 4,071 3,945 3,205
Net Nonoperating Expense (NNE)		 148 22 103 180 130 84 179 94 217 3.39 241
Net Nonoperating Obligations (NNO)		 589 734 2,992 2,325 3,139 3,946 3,955 6,415 7,241 6,695 9,969
Total Depreciation and Amortization (D&A)		 488 518 504 497 543 819 791 816 826 818 558
Debt-free, Cash-free Net Working Capital to Revenue		 1.61% 1.50% 2.51% 1.94% 2.19% 2.01% 2.13% 3.04% 3.62% 2.84% 4.73%
Debt-free Net Working Capital to Revenue		 3.94% 3.72% 3.56% 3.53% 3.28% 3.20% 3.19% 3.82% 5.01% 3.66% 8.48%
Net Working Capital to Revenue		 3.34% 2.73% 2.01% 1.72% 2.26% 1.94% 2.43% 1.04% 3.06% 2.90% 2.33%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.72 $2.90 $1.74 $2.39 $0.82 $0.06 $1.19 $2.15 $0.32 $7.16 $0.51
Adjusted Weighted Average Basic Shares Outstanding		 444.28M 450.14M 428.96M 422.87M 417.31M 420.17M 409.18M 406.76M 404.51M 406.01M 402.04M
Adjusted Diluted Earnings per Share		 $4.69 $2.87 $1.73 $2.38 $0.82 $0.06 $1.18 $2.15 $0.32 $7.14 $0.51
Adjusted Weighted Average Diluted Shares Outstanding		 447.26M 453.21M 431.91M 425.73M 418.80M 421.89M 410.51M 407.93M 405.55M 408.05M 403.27M
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		 439.96M 427.82M 423.95M 418.57M 412.99M 407.70M 407.58M 404.12M 402.92M 400.74M 400.94M
Normalized Net Operating Profit after Tax (NOPAT)		 2,293 1,313 994 1,190 525 134 -156 1,005 1,173 2,997 462
Normalized NOPAT Margin		 5.69% 3.41% 2.74% 3.08% 1.46% 0.39% -0.51% 3.01% 3.36% 8.07% 1.40%
Pre Tax Income Margin		 6.98% 4.57% 2.65% 3.39% 1.14% -0.04% 2.12% 3.36% 0.57% 9.30% 0.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 13.73 9.08 5.25 6.68 2.80 0.70 3.93 5.24 1.77 11.72 1.91
NOPAT to Interest Expense		 10.37 5.99 3.80 5.19 2.18 0.49 3.19 3.80 1.48 9.93 1.61
EBIT Less CapEx to Interest Expense		 12.32 6.27 2.49 8.05 2.20 -0.80 11.22 3.01 -0.32 14.45 -0.10
NOPAT Less CapEx to Interest Expense		 8.95 3.19 1.05 6.57 1.57 -1.01 10.48 1.56 -0.60 12.67 -0.40
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 26.39% 28.25% 33.13% 36.97% 56.36% 89.75% 101.75% 111.43% 126.63% 46.07% 50.56%
Augmented Payout Ratio		 127.71% 139.88% 175.70% 114.13% 174.76% 248.41% 232.37% 227.02% 223.80% 72.73% 79.67%

Financials Breakdown Chart

Key Financial Trends

Phillips 66 (PSX) has shown a mix of volatility and resilience over the last four years, driven largely by refining margins and commodity cycles. The latest quarter (Q4 2025) highlights a notable uptick in profitability and cash generation, supported by solid gross margins and robust operating cash flow. Below are the key takeaways from the last four years of quarterly statements.

  • Q4 2025 net income attributable to common shareholders: 2,906,000,000. Basic earnings per share: 7.16; Diluted earnings per share: 7.14. Weighted average basic shares: 406,008,000.
  • Q4 2025 total gross profit: 7,995,000,000.
  • Q4 2025 total operating income: 3,457,000,000.
  • Q4 2025 net cash from continuing operating activities: 2,752,000,000.
  • Q4 2025 operating revenue: 37,132,000,000 (Total Revenue also 37,132,000,000).
  • Q3 2025 balance sheet snapshot: Total assets around 76.12 billion, long-term investments about 12.49 billion, and total common equity near 26.92 billion.
  • Q4 2025 capital expenditures: about 682,000,000 in the quarter; quarterly capex across 2025 ranged roughly from 0.42 to 0.68 billion.
  • Dividend per share has generally trended around 1.15–1.20 USD in recent years, indicating a steady payout policy.
  • Q4 2025 net change in cash & equivalents: -834,000,000.
  • Q4 2025 net cash from financing activities: -3,126,000,000.
05/15/26 09:05 AM ETAI Generated. May Contain Errors.

Phillips 66 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Phillips 66's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Phillips 66's net income appears to be on an upward trend, with a most recent value of $4.53 billion in 2025, rising from $4.28 billion in 2015. The previous period was $2.18 billion in 2024. See where experts think Phillips 66 is headed by visiting Phillips 66's forecast page.

Phillips 66's total operating income in 2025 was $6.02 billion, based on the following breakdown:
  • Total Gross Profit: $20.03 billion
  • Total Operating Expenses: $14.01 billion

Over the last 10 years, Phillips 66's total revenue changed from $100.83 billion in 2015 to $136.12 billion in 2025, a change of 35.0%.

Phillips 66's total liabilities were at $43.44 billion at the end of 2025, a 1.5% decrease from 2024, and a 76.3% increase since 2015.

In the past 10 years, Phillips 66's cash and equivalents has ranged from $1.12 billion in 2025 to $6.13 billion in 2022, and is currently $1.12 billion as of their latest financial filing in 2025.

Over the last 10 years, Phillips 66's book value per share changed from 43.30 in 2015 to 72.21 in 2025, a change of 66.7%.


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Financial statements for NYSE:PSX last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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