Phillips 66 (PSX) Gross Margin (2012 - 2026)
Phillips 66's (PSX) quarterly Gross Margin came in at 11.47% in Q1 2026, down 8320.0% YoY from 0.14% in Q1 2025, and down 87.82% on a QoQ basis from 94.19% in Q4 2025.
Phillips 66 (PSX) Gross Margin (2012 - 2026) Analysis & Trends
Phillips 66 (PSX) has 15 years of Gross Margin data on file, last reported at 11.47% in Q1 2026.
- Quarterly Gross Margin fell 8320.0% year-over-year to 11.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.38% (up 2619.0% YoY) and the FY2025 annual result came in at 95.15%, up 8447.0% from the prior year.
- Gross Margin eased to 11.47% in Q1 2026, from 94.19% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 369.81% in Q4 2022 to a low of 269.58% in Q4 2024.
- A 5-year average of 37.34% and a median of 14.03% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin sank 59249 bps — and 2025, when it soared 36376 bps.
- Tracing PSX's Gross Margin over 5 years: stood at 369.81% in 2022, then plunged by 160 bps to 222.68% in 2023, then declined by 21 bps to 269.58% in 2024, then soared by 135 bps to 94.19% in 2025, then slumped by 88 bps to 11.47% in 2026.
- The last three Gross Margin figures came in at 11.47% (Q1 2026), 94.19% (Q4 2025), and 13.61% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.28 Bn | 88.52 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 94.92 Bn | 87.05 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 89.23 Bn | 85.13 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 15.52 Bn | 13.26 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.11 Bn | 9.33 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.18 Bn | 7.28 Bn | 1.15 Bn | 9.82% |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | 31.01% |
| 8 | Ultrapar Holdings | 6.36 Bn | 4.64 Bn | 603.08 Mn | 8.64% |
| 9 | Icahn Enterprises | 5.05 Bn | 3.08 Bn | 198.00 Mn | 6.43% |
| 10 | Delek US Holdings | 3.90 Bn | 3.27 Bn | 365.10 Mn | 8.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.10% |
| Mar 31, 2026 | 11.47% |
| Dec 31, 2025 | 94.19% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 13.26% |
| Mar 31, 2025 | 94.67% |
| Dec 31, 2024 | -269.58% |
| Sep 30, 2024 | 95.85% |
| Jun 30, 2024 | 96.31% |
| Mar 31, 2024 | 11.12% |
| Dec 31, 2023 | -222.68% |
| Sep 30, 2023 | 95.88% |
| Jun 30, 2023 | 12.88% |
| Mar 31, 2023 | 95.50% |
| Dec 31, 2022 | 369.81% |
| Sep 30, 2022 | 14.03% |
| Jun 30, 2022 | 12.21% |
| Mar 31, 2022 | 96.30% |
| Dec 31, 2021 | 12.74% |
| Sep 30, 2021 | 96.14% |