Phillips 66 (PSX) Gross Margin (2010 - 2025)
Phillips 66's (PSX) annual Gross Margin came in at 95.15% in FY2025, up 791.18% year-over-year from 10.68% in FY2024.
Phillips 66 (PSX) Gross Margin (2010 - 2025) Analysis & Trends
Phillips 66 (PSX) has 16 years of Gross Margin data on file, last reported at 95.15% in FY2025.
- 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 advanced to 95.15% in FY2025, from 10.68% in the prior year.
- In the past five years, Gross Margin ranged from a high of 96.41% in FY2022 to a low of 10.68% in FY2024.
- A 5-year average of 45.29% and a median of 13.1% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 8530 bps — and 2023, when it plunged 8330 bps.
- Tracing PSX's Gross Margin over 5 years: stood at 11.1% in 2021, then jumped by 768 bps to 96.41% in 2022, then tumbled by 86 bps to 13.1% in 2023, then slipped by 19 bps to 10.68% in 2024, then soared by 791 bps to 95.15% in 2025.
- The last three Gross Margin figures came in at 95.15% (FY2025), 10.68% (FY2024), and 13.1% (FY2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 104.11 Bn | 96.34 Bn | 9.27 Bn | - |
| 2 | Valero Energy | 102.17 Bn | 94.30 Bn | 5.47 Bn | - |
| 3 | Phillips 66 | 96.58 Bn | 92.48 Bn | 8.38 Bn | - |
| 4 | HF Sinclair | 17.09 Bn | 14.83 Bn | 1.57 Bn | - |
| 5 | PBF Energy | 8.23 Bn | 7.33 Bn | 1.15 Bn | - |
| 6 | Ultrapar Holdings | 7.18 Bn | 5.07 Bn | 912.61 Mn | - |
| 7 | Delek US Holdings | 4.17 Bn | 3.54 Bn | 365.10 Mn | - |
| 8 | Cvr Energy | 3.84 Bn | 3.10 Bn | 117.00 Mn | - |
| 9 | Par Pacific Holdings | 3.63 Bn | 3.44 Bn | 852.68 Mn | - |
| 10 | World Kinect | 1.82 Bn | 1.60 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 95.15% |
| Dec 31, 2024 | 10.68% |
| Dec 31, 2023 | 13.10% |
| Dec 31, 2022 | 96.41% |
| Dec 31, 2021 | 11.10% |
| Dec 31, 2020 | 10.01% |
| Dec 31, 2019 | 95.27% |
| Dec 31, 2018 | 14.26% |
| Dec 31, 2017 | 95.51% |
| Dec 31, 2016 | 94.93% |
| Dec 31, 2015 | 95.75% |
| Dec 31, 2014 | 97.25% |
| Dec 31, 2013 | 97.55% |
| Dec 31, 2012 | 97.75% |
| Dec 31, 2011 | 97.97% |
| Dec 31, 2010 | 97.14% |