Phillips 66 (PSX) Gross Margin (2017 - 2026)
Phillips 66's Gross Margin was 20.76% in Q3 2026, up 7.15 percentage points from 13.61% a year earlier and up 4.66 percentage points from the prior quarter.
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Analysis
Phillips 66 (PSX) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Phillips 66's Gross Margin was 17.38% through Sep 30, 2026, up 5.09 percentage points year-over-year; for FY2025, it was 14.99%, up 4.31 percentage points from FY2024.
- Gross Margin shows a five-year change of +3.10 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 10.68% in FY2024 (-3.87 pp), 14.55% in FY2023 (-0.12 pp), 14.67% in FY2022 (+3.57 pp) and 11.10% in FY2021 (-0.79 pp).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q3 2017.
- Compared with a year earlier, Gross Margin was higher in six of the last eight quarters, with an average year-over-year change of +2.80 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2025 (a gain of 10.30 percentage points); the worst was Q3 2023 (a drop of 5.89 percentage points).
- Per Business Quant data, PSX's Gross Margin in the three quarters before Q3 2026 was 16.10% (Q2 2026), 11.47% (Q1 2026) and 19.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 688.07 Bn | 646.21 Bn | - | - |
| 2 | Chevron | 421.08 Bn | 393.20 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 295.54 Bn | 155.81 Bn | - | - |
| 4 | TotalEnergies SE | 194.84 Bn | 65.92 Bn | 31,614.00 | 47.31% |
| 5 | Eni Spa | 168.93 Bn | 108.56 Bn | - | - |
| 6 | Conocophillips | 165.73 Bn | 138.44 Bn | 12.81 Bn | 65.62% |
| 7 | Equinor Asa | 110.59 Bn | 23.44 Bn | 4.49 Bn | 13.53% |
| 8 | Canadian Natural Resources | 102.76 Bn | 99.76 Bn | 8.84 Bn | 82.99% |
| 9 | Phillips 66 | 98.51 Bn | 82.30 Bn | 10.69 Bn | 20.76% |
| 10 | Suncor Energy | 84.36 Bn | 65.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.76% |
| Jun 30, 2026 | 16.10% |
| Mar 31, 2026 | 11.47% |
| Dec 31, 2025 | 19.81% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 13.26% |
| Mar 31, 2025 | 12.82% |
| Dec 31, 2024 | 9.51% |
| Sep 30, 2024 | 10.98% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | 11.12% |
| Dec 31, 2023 | 12.64% |
| Sep 30, 2023 | 14.86% |
| Jun 30, 2023 | 14.46% |
| Mar 31, 2023 | 16.38% |
| Dec 31, 2022 | 14.08% |
| Sep 30, 2022 | 20.75% |
| Jun 30, 2022 | 13.51% |
| Mar 31, 2022 | 8.79% |
| Dec 31, 2021 | 12.74% |
API Access
Phillips 66 Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();