Phillips 66 (PSX) Debt Ratio (2011 - 2026)
Phillips 66's (PSX) quarterly Debt Ratio came in at 0.32 in Q1 2026, up 23.24% YoY from 0.26 in Q1 2025, and up 20.55% on a QoQ basis from 0.27 in Q4 2025.
Phillips 66 (PSX) Debt Ratio (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Debt Ratio data on file, last reported at 0.32 in Q1 2026.
- Quarterly Debt Ratio rose 23.24% year-over-year to 0.32 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.32 (up 23.24% YoY) and the FY2025 annual result came in at 0.27, down 3.19% from the prior year.
- Debt Ratio climbed to 0.32 in Q1 2026, from 0.27 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.32 in Q1 2026 to a low of 0.21 in Q2 2022.
- A 5-year average of 0.26 and a median of 0.26 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio retreated 23.67% — and 2023, when it climbed 28.48%.
- Tracing PSX's Debt Ratio over 5 years: stood at 0.22 in 2022, then advanced by 14.02% to 0.26 in 2023, then grew by 7.8% to 0.28 in 2024, then decreased by 3.19% to 0.27 in 2025, then advanced by 20.55% to 0.32 in 2026.
- The last three Debt Ratio figures came in at 0.32 (Q1 2026), 0.27 (Q4 2025), and 0.29 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 95.97 Bn | 88.20 Bn | 9.27 Bn | 0.35 |
| 2 | Valero Energy | 94.92 Bn | 87.05 Bn | 5.47 Bn | 0.18 |
| 3 | Phillips 66 | 89.40 Bn | 85.30 Bn | 8.38 Bn | 0.25 |
| 4 | HF Sinclair | 15.54 Bn | 13.28 Bn | 1.57 Bn | 0.15 |
| 5 | Sunoco | 10.16 Bn | 9.39 Bn | 1.46 Bn | 0.44 |
| 6 | PBF Energy | 8.17 Bn | 7.28 Bn | 1.15 Bn | 0.12 |
| 7 | Cosan | 6.52 Bn | 1.41 Bn | 552.94 Mn | 0.03 |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 0.30 |
| 9 | Icahn Enterprises | 5.05 Bn | 3.08 Bn | 198.00 Mn | - |
| 10 | Delek US Holdings | 3.92 Bn | 3.29 Bn | 365.10 Mn | 0.42 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.25 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.29 |
| Jun 30, 2025 | 0.28 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.25 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.24 |
| Dec 31, 2022 | 0.22 |
| Sep 30, 2022 | 0.23 |
| Jun 30, 2022 | 0.21 |
| Mar 31, 2022 | 0.24 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.26 |