Phillips 66 (PSX) Net Margin (2011 - 2026)
Phillips 66's (PSX) quarterly Net Margin came in at 0.66% in Q1 2026, down 106.0% YoY from 11.06% in Q1 2025, and down 92.71% on a QoQ basis from 9.1% in Q4 2025.
Phillips 66 (PSX) Net Margin (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Net Margin data on file, last reported at 0.66% in Q1 2026.
- Quarterly Net Margin fell 106.0% year-over-year to 0.66% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.16% (up 176.0% YoY) and the FY2025 annual result came in at 3.42%, up 193.0% from the prior year.
- Net Margin slipped to 0.66% in Q1 2026, from 9.1% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.32% in Q3 2022 to a low of 0.07% in Q4 2024.
- A 5-year average of 3.87% and a median of 2.71% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin jumped 1071 bps — and 2023, when it plunged 692 bps.
- Tracing PSX's Net Margin over 5 years: stood at 5.0% in 2022, then tumbled by 33 bps to 3.36% in 2023, then slumped by 98 bps to 0.07% in 2024, then jumped by 12277 bps to 9.1% in 2025, then sank by 93 bps to 0.66% in 2026.
- The last three Net Margin figures came in at 0.66% (Q1 2026), 9.1% (Q4 2025), and 0.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.34 Bn | 88.57 Bn | 9.27 Bn | 10.58% |
| 2 | Valero Energy | 95.21 Bn | 87.34 Bn | 5.47 Bn | 9.16% |
| 3 | Phillips 66 | 89.47 Bn | 85.37 Bn | 8.38 Bn | 7.45% |
| 4 | HF Sinclair | 15.60 Bn | 13.34 Bn | 1.57 Bn | 8.59% |
| 5 | Sunoco | 10.06 Bn | 9.28 Bn | 1.46 Bn | 1.98% |
| 6 | PBF Energy | 8.22 Bn | 7.33 Bn | 1.15 Bn | 7.84% |
| 7 | Cosan | 6.57 Bn | 1.46 Bn | 552.94 Mn | -53.87% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 1.09% |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | -12.59% |
| 10 | Delek US Holdings | 3.94 Bn | 3.31 Bn | 365.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.45% |
| Mar 31, 2026 | 0.66% |
| Dec 31, 2025 | 9.10% |
| Sep 30, 2025 | 0.48% |
| Jun 30, 2025 | 2.71% |
| Mar 31, 2025 | 1.73% |
| Dec 31, 2024 | 0.07% |
| Sep 30, 2024 | 1.02% |
| Jun 30, 2024 | 2.68% |
| Mar 31, 2024 | 2.09% |
| Dec 31, 2023 | 3.36% |
| Sep 30, 2023 | 5.41% |
| Jun 30, 2023 | 4.94% |
| Mar 31, 2023 | 5.92% |
| Dec 31, 2022 | 5.00% |
| Sep 30, 2022 | 12.32% |
| Jun 30, 2022 | 6.55% |
| Mar 31, 2022 | 1.82% |
| Dec 31, 2021 | 4.08% |
| Sep 30, 2021 | 1.61% |