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| Date | Value |
|---|---|
| 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% |