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PSX · NYSE · United States · Petroleum Refining
In shortPhillips 66 is profitable, generates cash and carries moderate debt, with revenue shrinking (−7.5% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.3% | 33/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.6% | 78/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.30× | 41/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.68× | 73/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 3.7% | 35/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.13× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 39.8% | 0/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | -8.0% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -22.6% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 111,476 | 169,990 | 147,399 | 143,153 | 132,376 |
| Cost of revenue | 102,102 | 149,932 | 128,086 | 129,962 | 116,093 |
| Gross profit | 9,374 | 20,058 | 19,313 | 13,191 | 16,283 |
| Research & development | 47 | 42 | 27 | 15 | 6 |
| Selling, general & admin | 1,744 | 2,168 | 2,525 | 2,814 | 2,437 |
| Interest expense | 567 | 611 | 842 | 919 | 997 |
| Pre-tax income | 1,737 | 12,628 | 7,887 | 1,796 | 1,035 |
| Income tax | 146 | 3,248 | 2,230 | 500 | 892 |
| Net income | 1,317 | 11,024 | 7,015 | 2,117 | 4,403 |
| Diluted EPS | $2.97 | $23.27 | $15.48 | $4.99 | $10.79 |
| Diluted shares (millions) | 440 | 474 | 453 | 422 | 408 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026