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PSX Phillips 66

NYSEEnergyPetroleum RefiningHouston, TXFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 20, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$132BYoYdown 7.53%ended Dec 31, 2025
Net income
$4.4B3.3% margin
Diluted EPS
$10.79YoYup 116.23%
Free cash flow
—
Cash
$1.12BNet debt $17.6B
Total debt
$18.7BD/E 0.64×
About Phillips 66

Overview

Phillips 66 (PSX) is listed on NYSE; the SEC classifies it under "Petroleum Refining".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $132.38B, down 7.5% from fiscal 2024.

Net income was $4.4B, a net margin of 3.3%.

At fiscal year end it had total assets of $73.68B and stockholders' equity of $29.09B (39.5% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 20, 2026
Latest filing
10-QOct 28, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$84.3B$1.56B1.8%
FY2017$102B$5.11B5.0%
FY2018$111B$5.6B5.0%
FY2019$107B$3.08B2.9%
FY2020$64.1B-$3.98B-6.2%
FY2021$111B$1.32B1.2%
FY2022$170B$11B6.5%
FY2023$147B$7.02B4.8%
FY2024$143B$2.12B1.5%
FY2025$132B$4.4B3.3%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginNet margin
FY2016—1.8%
FY2017—5.0%
FY201812.1%5.0%
FY201911.0%2.9%
FY202010.0%-6.2%
FY20218.4%1.2%
FY202211.8%6.5%
FY202313.1%4.8%
FY20249.2%1.5%
FY202512.3%3.3%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$2.92
FY2017$9.85
FY2018$11.80
FY2019$6.77
FY2020-$9.06
FY2021$2.97
FY2022$23.27
FY2023$15.48
FY2024$4.99
FY2025$10.79

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016530M
FY2017519M
FY2018474M
FY2019454M
FY2020440M
FY2021440M
FY2022474M
FY2023453M
FY2024422M
FY2025408M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$2.71B$10.6B
FY2017$3.12B$10.1B
FY2018$3.02B$11.1B
FY2019$1.61B$11.2B
FY2020$2.51B$14.9B
FY2021$3.15B$13B
FY2022$6.13B$16.7B
FY2023$3.32B$17.9B
FY2024$1.74B$18.2B
FY2025$1.12B$18.7B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
12.3%
Net margin
3.3%
Return on equity
15.6%
Return on assets
6.0%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenuedown 7.53%down 8.00%up 15.60%—
EPS (diluted)up 116.23%down 22.60%—up 15.63%
Free cash flow————
Change in share count
-3.28%

Financial strength

Current ratio
1.3×
Debt / equity
0.64×
Liabilities / assets
59.0%
Net debt
$17.6B
Equity / assets
39.5%

Shareholder returns

Dividends per share
$4.75
Dividends paid
$1.92B
Buybacks
$1.21B
Payout ratio
43.7%
Stock comp. / revenue
0.2%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

7 of 9 checks passed

FY2025 vs FY2024

  • PassPositive return on assets6.1%
  • PassPositive operating cash flow$4.96B
  • PassReturn on assets improved6.1% vs 2.8%
  • PassOperating cash flow above net income6.8% vs 6.1%
  • FailLong-term debt / assets fell25.4% vs 25.1%
  • PassCurrent ratio improved1.3× vs 1.19×
  • PassNo increase in share count408M vs 422M
  • PassGross margin improved12.3% vs 9.2%
  • FailAsset turnover improved1.82× vs 1.9×

Altman Z''-Score

Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue132,376143,153147,399169,990111,47664,129107,293111,461102,35484,279
YoY (Revenue)-7.53%-2.88%-13.29%+52.49%+73.83%-40.23%-3.74%—+21.45%—
Gross profit16,28313,19119,31320,0589,3746,42211,76413,531——
Research & development6152742474854556060
Selling, general & admin.2,4372,8142,5252,1681,7441,5441,6811,6771,6951,638
Interest expense997919842611567550————
Pretax income—————-4,9644,1787,4453,5552,191
Income tax8925002,2303,248146-1,2508011,572-1,693547
Net income4,4032,1177,01511,0241,317-3,9753,0765,5955,1061,555
YoY (Net income)+107.98%-69.82%-36.37%+737.05%—-229.23%-45.02%+9.58%+228.36%—
EPS (basic)10.825.0115.5623.362.97-9.066.8011.879.902.94
EPS (diluted)10.794.9915.4823.272.97-9.066.7711.809.852.92
YoY (EPS (diluted))+116.23%-67.76%-33.48%+683.50%—-233.83%-42.63%+19.80%+237.33%—
Diluted shares (weighted)408422453474440440454474519530

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents1,1161,7383,3236,1333,1472,5141,6143,0193,1192,711
Receivables9,77111,03311,73010,9857,4706,522————
Inventory5,0973,9953,7503,2763,3943,8933,7763,5433,3953,150
Current assets17,27117,91019,94121,92214,69713,27614,39513,20914,39012,680
Goodwill1,4331,5751,5501,4861,4841,4253,2703,2703,2703,270
Intangible assets9781,161920831813843869869876888
Total assets73,68072,58275,50176,44255,59454,72158,72054,30254,37151,653
Current liabilities13,32615,08715,85615,88912,8019,51811,6468,93510,1079,463
Short-term debt——————0001,000
Long-term debt18,67818,23117,87716,66112,95914,90611,21611,09310,0699,588
Total liabilities43,43944,11943,85142,33633,95733,19831,55127,14926,94327,928
Retained earnings33,23930,77130,55025,43216,21616,50022,06420,48916,30612,608
Stockholders' equity29,09327,40830,58329,49419,16618,98424,91024,65325,08522,390
Shares outstanding401408428464438437439455501518

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow4,9624,1917,02910,8136,0172,1114,8087,5733,6482,963
Depreciation & amortization3,2512,3631,9771,6291,6051,3951,3411,3561,3181,168
Stock-based compensation220210297210144127169100142156
Share repurchases1,2073,4514,0141,51304431,6504,6451,5901,042
Dividends paid1,9221,8821,8821,7931,5851,5751,5701,4361,3951,282
Dividends per share4.754.504.203.833.623.603.503.102.732.45
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$10.79
Revenue per share
$324.41
Book value per share
$71.30
Tangible book per share
$65.39
Cash per share
$2.73
Dividends per share
$4.75
Public floatas of Jun 30, 2025
$48.2B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-K
    Current report· Oct 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Sep 29, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  4. 8-K
    Current report· Aug 20, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 9.01Financial statements and exhibits
  5. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  6. 8-K
    Current report· Aug 5, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· May 13, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  8. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  9. 8-K
    Current report· Apr 29, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  10. 8-K
    Current report· Apr 6, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 2911 · Petroleum Refining

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
CVXCHEVRON CORP$189B—6.5%———
MPCMarathon Petroleum Corp$133Bdown 4.44%3.0%23.1%8/9
PSXPhillips 66 (This company)$132Bdown 7.53%3.3%15.6%7/9
VLOVALERO ENERGY CORP$123Bdown 5.54%1.9%9.7%6/9
COPCONOCOPHILLIPS$58.9Bup 7.67%13.6%12.4%5/9
XOMExxonMobil Holdings Corp——————
BPBP PLC——————
EQNREQUINOR ASA——————
Peer median$128Bdown 4.44%4.8%12.4%6/9—

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does Phillips 66 do?

The SEC classifies Phillips 66 under Standard Industrial Classification (SIC) code 2911, "Petroleum Refining". It is headquartered in Houston, TX. It is incorporated in DE. In fiscal 2025 it reported revenue of $132.38B and net income of $4.4B in its annual 10-K report.

What was Phillips 66's revenue in 2025?

Phillips 66 reported revenue of $132.38B for fiscal 2025, which ended Dec 31, 2025, down 7.5% from $143.15B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 20, 2026.

What was Phillips 66's net income in 2025?

Phillips 66 reported net income of $4.4B for fiscal 2025, a net margin of 3.3% of revenue.

Where is Phillips 66 listed?

According to the SEC, Phillips 66's ticker PSX is listed on NYSE.

When does Phillips 66's fiscal year end?

According to the SEC, Phillips 66's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.