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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 111.49 Bn | 103.72 Bn | 9.27 Bn | 10.58% |
| 2 | Valero Energy | 107.11 Bn | 99.23 Bn | 5.47 Bn | 9.16% |
| 3 | Phillips 66 | 102.46 Bn | 98.36 Bn | 8.38 Bn | 7.45% |
| 4 | HF Sinclair | 19.06 Bn | 16.80 Bn | 1.57 Bn | 8.59% |
| 5 | Sunoco | 10.46 Bn | 9.69 Bn | 1.46 Bn | 1.98% |
| 6 | PBF Energy | 8.88 Bn | 7.99 Bn | 1.15 Bn | 7.84% |
| 7 | Ultrapar Holdings | 7.71 Bn | 5.59 Bn | 912.61 Mn | 43.25% |
| 8 | Icahn Enterprises | 4.58 Bn | 2.60 Bn | 198.00 Mn | -12.59% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 4.41% |
| 10 | Cvr Energy | 4.29 Bn | 3.56 Bn | 117.00 Mn | 1.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.45% |
| Mar 31, 2026 | 0.66% |
| Dec 31, 2025 | 8.06% |
| Sep 30, 2025 | 0.48% |
| Jun 30, 2025 | 2.71% |
| Mar 31, 2025 | 1.66% |
| Dec 31, 2024 | 0.07% |
| Sep 30, 2024 | 1.02% |
| Jun 30, 2024 | 2.62% |
| Mar 31, 2024 | 2.09% |
| Dec 31, 2023 | 3.32% |
| Sep 30, 2023 | 5.31% |
| Jun 30, 2023 | 4.85% |
| Mar 31, 2023 | 5.92% |
| Dec 31, 2022 | 4.92% |
| Sep 30, 2022 | 11.36% |
| Jun 30, 2022 | 6.45% |
| Mar 31, 2022 | 1.79% |
| Dec 31, 2021 | 4.08% |
| Sep 30, 2021 | 1.55% |