Phillips 66 (PSX) FCF Margin (2011 - 2026)
Phillips 66's (PSX) quarterly FCF Margin came in at 8.62% in Q1 2026, down 785.0% YoY from 1.26% in Q1 2025, and down 233.93% on a QoQ basis from 6.44% in Q4 2025.
Phillips 66 (PSX) FCF Margin (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of FCF Margin data on file, last reported at 8.62% in Q1 2026.
- Quarterly FCF Margin fell 785.0% year-over-year to 8.62% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.09% (down 204.0% YoY) and the FY2025 annual result came in at 2.06%, up 46.0% from the prior year.
- FCF Margin slipped to 8.62% in Q1 2026, from 6.44% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 10.78% in Q4 2022 to a low of 8.62% in Q1 2026.
- A 5-year average of 2.35% and a median of 2.14% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 720 bps — and 2026, when it slumped 785 bps.
- Tracing PSX's FCF Margin over 5 years: stood at 10.78% in 2022, then plunged by 62 bps to 4.07% in 2023, then sank by 50 bps to 2.04% in 2024, then surged by 216 bps to 6.44% in 2025, then sank by 234 bps to 8.62% in 2026.
- The last three FCF Margin figures came in at 8.62% (Q1 2026), 6.44% (Q4 2025), and 1.82% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.50 Bn | 88.73 Bn | 9.27 Bn | 17.47% |
| 2 | Valero Energy | 94.93 Bn | 87.06 Bn | 5.47 Bn | 12.26% |
| 3 | Phillips 66 | 89.73 Bn | 85.63 Bn | 8.38 Bn | 12.55% |
| 4 | HF Sinclair | 15.45 Bn | 13.18 Bn | 1.57 Bn | 13.40% |
| 5 | Sunoco | 10.12 Bn | 9.34 Bn | 1.46 Bn | 6.51% |
| 6 | PBF Energy | 8.17 Bn | 7.28 Bn | 1.15 Bn | 12.52% |
| 7 | Cosan | 6.46 Bn | 1.35 Bn | 552.94 Mn | -148.04% |
| 8 | Ultrapar Holdings | 6.38 Bn | 4.66 Bn | 603.08 Mn | 4.00% |
| 9 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 1.17% |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | 2.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.55% |
| Mar 31, 2026 | -8.62% |
| Dec 31, 2025 | 6.44% |
| Sep 30, 2025 | 1.82% |
| Jun 30, 2025 | 0.77% |
| Mar 31, 2025 | -0.78% |
| Dec 31, 2024 | 2.04% |
| Sep 30, 2024 | 2.14% |
| Jun 30, 2024 | 4.54% |
| Mar 31, 2024 | -2.37% |
| Dec 31, 2023 | 4.07% |
| Sep 30, 2023 | 5.28% |
| Jun 30, 2023 | 1.15% |
| Mar 31, 2023 | 2.34% |
| Dec 31, 2022 | 10.78% |
| Sep 30, 2022 | 5.36% |
| Jun 30, 2022 | 2.90% |
| Mar 31, 2022 | 2.12% |
| Dec 31, 2021 | 3.58% |
| Sep 30, 2021 | 5.46% |