Phillips 66 (PSX) Debt to Equity (2011 - 2026)
Phillips 66 (PSX) reported Debt to Equity of $0.91 for Q1 2026, up 37.8% on a YoY basis from $0.66 in Q1 2025, and up 34.85% quarter-over-quarter from $0.68 in Q4 2025.
Phillips 66 (PSX) Debt to Equity (2011 - 2026) Analysis & Trends
Phillips 66 has reported Debt to Equity for 16 years, with the latest figure at $0.91 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 37.8% year-over-year to $0.91; the trailing twelve-month figure through Mar 2026 stood at $0.91 (up 37.8% YoY), and the FY2025 full-year result was $0.68, down 3.85% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.91, up from $0.68 in the prior quarter.
- The five-year high for Debt to Equity was $0.91 in Q1 2026, with the low at $0.5 in Q4 2022.
- Historically, Debt to Equity has averaged $0.65 across 5 years, with a median of $0.65 in 2024.
- Annual changes were most pronounced in 2022 — Debt to Equity retreated 29.45% — and 2026, when it surged 37.8%.
- Phillips 66's Debt to Equity stood at $0.5 in 2022, then gained by 21.36% to $0.61 in 2023, then increased by 15.23% to $0.7 in 2024, then fell by 3.85% to $0.68 in 2025, then soared by 34.85% to $0.91 in 2026.
- The last three Debt to Equity figures came in at $0.91 (Q1 2026), $0.68 (Q4 2025), and $0.81 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 1.40 |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 0.48 |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | 0.91 |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 0.28 |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | 1.67 |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 12.11 |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | - |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | 0.51 |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | 2.41 |
| 10 | Delek US Holdings | 2.80 Bn | 2.43 Bn | -130.20 Mn | 10.54 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.91 |
| Dec 31, 2025 | 0.68 |
| Sep 30, 2025 | 0.81 |
| Jun 30, 2025 | 0.73 |
| Mar 31, 2025 | 0.66 |
| Dec 31, 2024 | 0.70 |
| Sep 30, 2024 | 0.67 |
| Jun 30, 2024 | 0.65 |
| Mar 31, 2024 | 0.65 |
| Dec 31, 2023 | 0.61 |
| Sep 30, 2023 | 0.61 |
| Jun 30, 2023 | 0.64 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.50 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.53 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.67 |
| Sep 30, 2021 | 0.72 |
| Jun 30, 2021 | 0.75 |