Phillips 66 (PSX) Return on Invested Capital [ROIC] (2012 - 2026)
Phillips 66 (PSX) reported Return on Invested Capital [ROIC] of 25.31% for Q3 2026, up 20.42 percentage points from 4.89% a year earlier and up 10.54 percentage points from the prior quarter.
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Analysis
Phillips 66 (PSX) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025, Phillips 66 posted Return on Invested Capital [ROIC] of 10.96%, up 5.11 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +19.71 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 5.85% in FY2024 (-9.64 pp), 15.49% in FY2023 (-11.68 pp), 27.17% in FY2022 (+21.39 pp) and 5.79% in FY2021 (+14.54 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] since Q1 2023.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last four quarters, with an average year-over-year change of +1.52 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q2 2022 (a gain of 46.97 percentage points); the low point was Q1 2024 (a drop of 12.47 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 14.77% (Q2 2026), 9.64% (Q1 2026) and 10.81% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 13.86% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 12.13% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 21.61% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 9.03% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 22.50% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 57.33% |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 25.31% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 9.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.31% |
| Jun 30, 2026 | 14.77% |
| Mar 31, 2026 | 9.64% |
| Dec 31, 2025 | 10.81% |
| Sep 30, 2025 | 4.89% |
| Jun 30, 2025 | 5.41% |
| Mar 31, 2025 | 5.60% |
| Dec 31, 2024 | 5.93% |
| Sep 30, 2024 | 8.25% |
| Jun 30, 2024 | 11.62% |
| Mar 31, 2024 | 13.01% |
| Dec 31, 2023 | 15.47% |
| Sep 30, 2023 | 16.89% |
| Jun 30, 2023 | 22.99% |
| Mar 31, 2023 | 25.48% |
| Dec 31, 2022 | 23.22% |
| Sep 30, 2022 | 25.30% |
| Jun 30, 2022 | 16.61% |
| Mar 31, 2022 | 9.32% |
| Dec 31, 2021 | 5.94% |
API Access
Phillips 66 Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();