PSX Phillips 66
$293.50
▲ 1.5%Updated Oct 16, 2:25 PM ET
Report Card
PSX at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Neutral · 49/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 33.1% in the year to Jul 6, 2026
Key Metrics
Market Cap
$70.73B
P/E
28.37x
Forward P/E (est.)
20.26x
ROE
14.7%
Revenue Growth
-2.4%
EPS Growth
128.8%
Profit Margin
3.1%
FCF Yield
12.5%
Debt / Equity
0.68x
ROIC
—
Interest Coverage
—
Current Ratio
1.32x
Dividend Yield
2.9%
Implied Growth (rev. DCF)
—
Rating Score
49/100
Business Overview
Phillips 66 (PSX) is a large-cap company in the Oil & Gas Refining & Marketing industry, part of the Energy sector of the S&P 500, with a market value around $70.73B.
In its latest reported year it generated about $132.38B in revenue and $4.40B in net profit.
Our model rates PSX Neutral (49/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PSX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PSX trades near $293.50, above its 50-day average ($174.32) and 200-day average ($153.37). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 48 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. PSX's is $5.07 (~1.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, PSX found buyers near $164.10 (support) and sellers near $188.00 (resistance); its 52-week range then was $118.07–$190.61. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.7× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
4.4%
Revenue moved from $111.46B in 2018 to $132.38B in 2025, a 2.5% compound annual growth rate. The most recent year declined 2.4% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Profitability
Gross Margin
12.5%
Operating Margin
2.1%
Net Margin
3.3%
ROE
14.7%
Phillips 66 keeps about 3.1% of each sales dollar as net profit, with a 12.5% gross margin and 2.1% operating margin. Return on equity is 14.7%. Thin margins leave less cushion if costs rise.
Debt Analysis
Total Debt
$1.10B
Net Debt
-$3.00B
Net cash position
Net Debt / EBITDA
—
Debt / Equity
0.68x
Leverage: debt-to-equity is 0.7x, with a current ratio of 1.3x. That is a moderate, manageable debt load for most businesses. It carries roughly $1.10B of total debt against $4.10B of cash.
Cash Flow Analysis
Operating CF
$4.96B
Free Cash Flow
$4.96B
FCF Margin
3.7%
In the latest year Phillips 66 produced about $4.96B of operating cash flow and $4.96B of free cash flow after capital spending. That is a free-cash-flow yield of about 12.5% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
2.9%
Per share (latest FY)
$4.75
Total paid (latest FY)
$1.92B
History on record
8 years
dividend uses 39% of free cash flow
44% of net income paid out
total dividends increased 1 year in a row
no cuts in the last 8 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
28.37x
P/S
0.52x
P/B
3.05x
EV / EBITDA
—
PSX trades at 28.4x trailing earnings (about 20.3x on estimated forward earnings), 0.5x sales, and 3.0x book value. That is a premium multiple that needs growth to justify it.
Metrics vs. Sector Range
Where PSX sits versus the Energy companies we cover.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How PSX stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
Among the 47 rated Energy companies we cover, PSX ranks #32 by our overall rating. It trades at a premium versus the sector on earnings (28.4x P/E vs. 21.4x median) with a higher return on equity (14.7% vs. 13.3%) and slower revenue growth (-2.4% vs. 0.7%).
P/E vs sector
28.4x
median 21.4x
ROE vs sector
14.7%
median 13.3%
Growth vs sector
-2.4%
median 0.7%
Sector rank
#32
of 47 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 47 rated companies among the 57 Energy stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$324.75 – $534.89
vs. $293.50 today · implied CAGR 2% – 13%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $136.35B | $140.44B | $144.65B | $148.99B | $153.46B |
| Net income | $4.09B | $4.21B | $4.34B | $4.47B | $4.60B |
| EPS | $16.97 | $17.48 | $18.01 | $18.55 | $19.10 |
| Share price (low) | $288.54 | $297.19 | $306.11 | $315.29 | $324.75 |
| Share price (high) | $475.24 | $489.50 | $504.18 | $519.31 | $534.89 |
| CAGR (low–high) | -2% / 62% | 1% / 29% | 1% / 20% | 2% / 15% | 2% / 13% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for PSX:
- Healthy free-cash-flow yield (~12.5%) funds buybacks and dividends.
- Pays a 2.9% dividend on top of any price gains.
Bear Case
The case against PSX:
- Revenue growth is slow/negative (-2.4%), limiting the upside engine.
- Thin net margins (3.1%) leave little room for error.
Key Risks
Growth risk — sluggish revenue (-2.4%) leaves little margin for execution missteps.
Margin risk — thin profitability (3.1%) is vulnerable to cost or pricing pressure.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the picture is mixed: Phillips 66 is a large-cap energy business with shrinking revenue, with modest profitability, and a sound balance sheet. It trades at 28.4x earnings, which our model scores Neutral (49/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 26 Wall Street analysts covering PSX recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+4 pts of buy ratings).
Latest SEC Filings
PSX's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
PSX — frequently asked questions
Is PSX a good stock to buy?
We don't give buy or sell advice. Our model rates Phillips 66 Neutral (49/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PSX's rating on The Stocks School?
Phillips 66 currently scores 49/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PSX's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Phillips 66's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PSX calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this PSX analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PSX. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.