Phillips 66 (PSX) Net Margin (2011 - 2026)

Phillips 66 (PSX) reported Net Margin of 0.66% for Q1 2026, down 106.0% on a YoY basis from 11.06% in Q1 2025, and down 91.76% quarter-over-quarter from 8.06% in Q4 2025.

Phillips 66 (PSX) Net Margin (2011 - 2026) Analysis & Trends

Phillips 66 has reported Net Margin for 16 years, with the latest figure at 0.66% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 106.0% year-over-year to 0.66%; the trailing twelve-month figure through Mar 2026 stood at 3.06% (up 164.0% YoY), and the FY2025 full-year result was 3.32%, up 180.0% from the prior year.
  • Net Margin for Q1 2026 stood at 0.66%, down from 8.06% in the prior quarter.
  • The five-year high for Net Margin was 12.32% in Q3 2022, with the low at 0.08% in Q4 2024.
  • Historically, Net Margin has averaged 3.8% across 5 years, with a median of 2.71% in 2025.
  • Annual changes were most pronounced in 2022 — Net Margin soared 1077 bps — and 2023, when it plunged 701 bps.
  • Phillips 66's Net Margin stood at 4.92% in 2022, then plunged by 33 bps to 3.32% in 2023, then plunged by 98 bps to 0.08% in 2024, then surged by 10097 bps to 8.06% in 2025, then slumped by 92 bps to 0.66% in 2026.
  • The last three Net Margin figures came in at 0.66% (Q1 2026), 8.06% (Q4 2025), and 0.48% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Marathon Petroleum 76.18 Bn 80.70 Bn 3.31 Bn -16.85%
2 Valero Energy 75.63 Bn 72.96 Bn 30.79 Bn 4.08%
3 Phillips 66 71.92 Bn 67.92 Bn 31.12 Bn 0.66%
4 HF Sinclair 12.56 Bn 11.48 Bn 1.19 Bn 9.13%
5 Sunoco 8.81 Bn 8.10 Bn 1.69 Bn 6.02%
6 Cosan 5.12 Bn 250.68 Mn 552.94 Mn -60.36%
7 Icahn Enterprises 4.72 Bn 3.42 Bn -134.00 Mn -25.52%
8 PBF Energy 4.49 Bn 4.08 Bn 278.50 Mn 2.53%
9 Cvr Energy 3.16 Bn 2.85 Bn -103.00 Mn -8.08%
10 Delek US Holdings 2.80 Bn 2.43 Bn -130.20 Mn -0.01%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.66%
Dec 31, 2025 8.06%
Sep 30, 2025 0.48%
Jun 30, 2025 2.71%
Mar 31, 2025 1.73%
Dec 31, 2024 0.08%
Sep 30, 2024 1.02%
Jun 30, 2024 2.68%
Mar 31, 2024 2.09%
Dec 31, 2023 3.32%
Sep 30, 2023 5.31%
Jun 30, 2023 4.85%
Mar 31, 2023 6.04%
Dec 31, 2022 4.92%
Sep 30, 2022 12.32%
Jun 30, 2022 6.45%
Mar 31, 2022 1.82%
Dec 31, 2021 3.81%
Sep 30, 2021 1.55%
Jun 30, 2021 1.34%