PSX Financials Phillips 66

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 41 d ago Overview →

Growth & profitability

Revenue has grown 15.6% per year over the past 5 years.

Financial health

Total debt ($19.5B) exceeds cash ($1.1B); net debt is $18.4B.
Total debt has grown slower than revenue (4.4% vs 15.6% per year).

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 43.7% of earnings.
The dividend has grown 4.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$132.4B	$4.4B	12.3%	0.0%	15.1%	6.0%	—	$19.5B	$1.1B
2024	$143.2B	$2.1B	9.2%	0.0%	7.7%	2.9%	—	$19.9B	$1.7B
2023	$147.4B	$7.0B	13.1%	0.0%	22.9%	9.3%	—	$19.2B	$3.3B
2022	$170.0B	$11.0B	11.8%	0.0%	37.4%	14.4%	—	$17.2B	$6.1B
2021	$111.5B	$1.3B	8.4%	0.0%	6.9%	2.4%	—	$14.3B	$3.1B
2020	$64.1B	-$4.0B	10.0%	0.0%	-20.9%	-7.3%	—	$15.7B	$2.5B
2019	$107.3B	$3.1B	11.0%	0.0%	12.3%	5.2%	—	$11.6B	$1.6B
2018	$111.5B	$5.6B	12.1%	0.0%	22.7%	10.3%	—	$11.1B	$3.0B
2017	—	$5.1B	—	—	20.4%	9.4%	—	$10.0B	$3.1B
2016	—	$1.6B	—	—	6.9%	3.0%	—	—	$2.7B
2015	—	$4.2B	—	—	18.3%	8.7%	—	—	$3.1B
2014	—	$4.8B	—	—	22.1%	9.8%	—	$28M	$5.2B
2013	—	$3.7B	—	—	17.0%	7.5%	—	—	$5.4B
2012	—	$4.1B	—	—	19.9%	8.6%	—	—	$3.5B
2011	—	$4.8B	—	—	20.5%	11.1%	—	$376M	$0

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$51.0B	$3.8B	14.4%	0.0%	12.2%	4.7%	—	—	$4.1B
Mar '26	$32.5B	$207M	10.2%	0.0%	0.7%	0.2%	—	—	$5.2B
Dec '25	$34.1B	$2.9B	14.6%	0.0%	10.0%	3.9%	—	$19.5B	$1.1B
Sep '25	$34.5B	$133M	12.4%	0.0%	0.5%	0.2%	—	—	$1.8B
Jun '25	$33.3B	$877M	12.7%	0.0%	3.2%	1.2%	—	—	$1.1B
Mar '25	$30.4B	$487M	9.1%	0.0%	1.8%	0.7%	—	—	$1.5B
Dec '24	$33.7B	$8M	8.7%	0.0%	0.0%	0.0%	—	$19.9B	$1.7B
Sep '24	$35.5B	$346M	9.4%	0.0%	1.2%	0.5%	—	—	$1.6B
Jun '24	$38.1B	$1.0B	9.2%	0.0%	3.4%	1.3%	—	—	$2.4B
Mar '24	$35.8B	$748M	9.6%	0.0%	2.5%	1.0%	—	—	$1.6B
Dec '23	$38.3B	$1.3B	11.6%	0.0%	4.1%	1.7%	—	$19.2B	$3.3B
Sep '23	$39.6B	$2.1B	13.4%	0.0%	6.8%	2.7%	—	—	$3.5B
Jun '23	$35.1B	$1.7B	12.9%	0.0%	5.7%	2.3%	—	—	$3.0B
Mar '23	$34.4B	$2.0B	14.7%	0.0%	6.5%	2.5%	—	—	$7.0B
Dec '22	$40.3B	$1.9B	12.7%	0.0%	6.4%	2.5%	—	$17.2B	$6.1B
Sep '22	$45.0B	$5.4B	14.0%	0.0%	19.1%	7.0%	—	$17.6B	$3.7B
Jun '22	$48.6B	$3.2B	12.2%	0.0%	13.0%	5.0%	—	$12.8B	$2.8B
Mar '22	$36.2B	$582M	7.4%	0.0%	2.7%	1.0%	—	—	$3.3B
Dec '21	$32.6B	$1.3B	10.2%	0.0%	6.6%	2.3%	—	$14.3B	$3.1B
Sep '21	$30.2B	$402M	9.0%	0.0%	2.2%	0.7%	—	—	$2.9B

Valuation over time

How the market has priced PSX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 3.7× (Mar '23) to 23.1× (Sep '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.8× (Sep '26).
The dividend yield has fallen from 4.4% (Mar '23) to 1.9% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PSX growing its revenue and profit?

Over the past 5 years, Phillips 66's revenue has grown 15.6% per year. These are computed facts, not advice.

How much debt does PSX have?

As of FY2025, Phillips 66 reported $19.5B of total debt against $1.1B of cash.

What is PSX's profit margin?

In FY2025, gross margin was 12.3%, operating margin —, and net margin 3.3%.

What is PSX's P/E ratio?

As of Sep '26, Phillips 66 traded at a price-to-earnings ratio of about 23.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.