Phillips 66 (PSX) stock
PSXNYSEPetroleum RefiningFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 17/3030% below fair value
$262.91+4.23 (+1.64%)
Close on Nov 12, 2026Market cap $102.55BP/E 8.4Yield 1.81%
Phillips 66 gross margin
Gross margin is gross profit as a percentage of revenue.
Phillips 66's gross margin for the twelve months ending Sep 30, 2026 was 15.1%. For fiscal 2025 it was 12.3%, against 9.2% the year before. The highest annual figure on record is 25.9% in fiscal 2016.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.3% | +3.1 |
| FY2024 | Dec 31, 2024 | 9.2% | −3.9 |
| FY2023 | Dec 31, 2023 | 13.1% | +1.3 |
| FY2022 | Dec 31, 2022 | 11.8% | +3.4 |
| FY2021 | Dec 31, 2021 | 8.4% | −1.6 |
| FY2020 | Dec 31, 2020 | 10.0% | −1.0 |
| FY2019 | Dec 31, 2019 | 11.0% | −1.2 |
| FY2018 | Dec 31, 2018 | 12.1% | −10.3 |
| FY2017 | Dec 31, 2017 | 22.4% | −3.5 |
| FY2016 | Dec 31, 2016 | 25.9% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 19.2% | +6.8 |
| Q2 FY2026 | Jun 30, 2026 | 14.4% | +1.6 |
| Q1 FY2026 | Mar 31, 2026 | 10.2% | +1.1 |
| Q4 FY2025 | Dec 31, 2025 | 14.6% | +5.9 |
| Q3 FY2025 | Sep 30, 2025 | 12.4% | +3.1 |
| Q2 FY2025 | Jun 30, 2025 | 12.7% | +3.6 |
| Q1 FY2025 | Mar 31, 2025 | 9.1% | −0.5 |
| Q4 FY2024 | Dec 31, 2024 | 8.7% | −2.9 |
| Q3 FY2024 | Sep 30, 2024 | 9.4% | −4.0 |
| Q2 FY2024 | Jun 30, 2024 | 9.2% | −3.7 |
| Q1 FY2024 | Mar 31, 2024 | 9.6% | −5.1 |
| Q4 FY2023 | Dec 31, 2023 | 11.6% | −1.2 |
| Q3 FY2023 | Sep 30, 2023 | 13.4% | −0.6 |
| Q2 FY2023 | Jun 30, 2023 | 12.9% | +0.7 |
| Q1 FY2023 | Mar 31, 2023 | 14.7% | +7.3 |
| Q4 FY2022 | Dec 31, 2022 | 12.7% | +2.6 |
| Q3 FY2022 | Sep 30, 2022 | 14.0% | +5.1 |
| Q2 FY2022 | Jun 30, 2022 | 12.2% | +5.6 |
| Q1 FY2022 | Mar 31, 2022 | 7.4% | +0.2 |
| Q4 FY2021 | Dec 31, 2021 | 10.2% | +2.5 |
| Q3 FY2021 | Sep 30, 2021 | 9.0% | +0.1 |
| Q2 FY2021 | Jun 30, 2021 | 6.6% | −5.4 |
| Q1 FY2021 | Mar 31, 2021 | 7.2% | −4.5 |
| Q4 FY2020 | Dec 31, 2020 | 7.7% | −2.7 |
| Q3 FY2020 | Sep 30, 2020 | 8.9% | −3.6 |
| Q2 FY2020 | Jun 30, 2020 | 12.0% | +0.1 |
| Q1 FY2020 | Mar 31, 2020 | 11.7% | +2.8 |
| Q4 FY2019 | Dec 31, 2019 | 10.3% | −4.9 |
| Q3 FY2019 | Sep 30, 2019 | 12.5% | +1.1 |
| Q2 FY2019 | Jun 30, 2019 | 11.8% | +0.7 |
| Q1 FY2019 | Mar 31, 2019 | 8.9% | −1.5 |
| Q4 FY2018 | Dec 31, 2018 | 15.3% | −4.4 |
| Q3 FY2018 | Sep 30, 2018 | 11.4% | −12.6 |
| Q2 FY2018 | Jun 30, 2018 | 11.2% | −12.6 |
| Q1 FY2018 | Mar 31, 2018 | 10.4% | – |
| Q4 FY2017 | Dec 31, 2017 | 19.6% | – |
| Q3 FY2017 | Sep 30, 2017 | 24.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 23.8% | – |
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