Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Phillips 66

PSX · NYSE · Energy

Fundamental quality

ATTRACTIVE

75

out of 100

Phillips 66 earns a fundamental-quality score of 75 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its growth (revenue +15.2%/yr). Its weakest area is its profitability (net margin 3.1%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Phillips 66 is one of the big U.S. refiners, with additional legs in pipelines (midstream), chemicals and gas stations. More diversified than a pure refiner, but refining margins remain the heart of its results.

What will shape its future

  • Refining margins, the variable that rules its earnings.
  • The growing weight of midstream (pipelines), which adds toll-like stable revenue.
  • Activist-investor pressure to simplify the conglomerate and cut costs.

Breakdown by area

I.Growth
89

EPS growth: 33.5% · Revenue growth: 15.2%

II.Profitability
55

Net margin: 3.1% · ROE: 14.5%

Source: SEC EDGAR · TTM through 31/03/2026

The score includes +3 for dividend strength: 14 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 23%
ROEbeats 46%
Growthbeats 60%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Phillips 66 strengths

  • Growing earnings per share (33.5% annualized).
  • It has turned profitable after years of losses.
  • Revenue growing (15.2% annualized).

Phillips 66 risks and weaknesses

  • Its net debt has grown over the period.
  • Thin margins (net margin of 3.1%), little cushion for setbacks.

Phillips 66 historical evolution

YearRevenueNet incomeFree cash flowNet debt
202064,129-3,97513,379
2021111,4761,31711,301
2022169,99011,02411,057
2023147,3997,01516,036
2024143,1532,11718,324
2025132,3764,40318,600

Between 2020 and 2025, revenue went from $64,129M to $132,376M (+106%) and net income went from -$3,975M to $4,403M (+211%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+6.9%
  • Net income-57.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.75

per share, yearly

43.7% of earnings

Payout

14 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

Advertising

Want to invest in Phillips 66?

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is Phillips 66 cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Phillips 66 a good company to invest in?

In terms of business quality, Phillips 66 scores 75 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Phillips 66 a profitable company?

Phillips 66 is profitable, with a net margin of 3.1%, though a thin one.

Is Phillips 66 growing?

Its revenue has grown 15.2% annualized in recent years and its earnings per share 33.5%.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?