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Phillips 66
PSXEnergyGenerated Jul 5, 2026, 08:10 PM UTC
PSX (Phillips 66) analytical snapshot. Revenue declined +13.3% YoY to $147.40B. Net margin at 4.76% (expanding ▲). Return on equity 25.59%, ROA 9.29%, ROIC 25.59%. Market cap $70.73B at $176.42 per share. Trailing P/E 11.40, P/S 0.48, P/B 2.48. EV/Operating income ≈ 9.51 (EV $66.68B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -4 (data confidence 75%). Descriptive analytics from public filings — not investment advice.
Market cap
$70.73B
400.94M shares
Price
$176.42
NYQ
P/E (ttm)
11.40
Revenue (FY)
$147.40B
YoY -13.3%
Net margin
4.76%
▲ 10.96pp
Free cash flow
—
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -5Stable
60% conf
Revenue declined +13.3% YoY to $147.40B. Net margin at 4.76% (expanding ▲). Return on equity 25.59%, ROA 9.29%, ROIC 25.59%.
- Revenue declined +13.3% YoY to $147.40B.
- Net margin at 4.76% (expanding ▲).
- Return on equity 25.59%, ROA 9.29%, ROIC 25.59%.
- Gross margin 0.00%, operating margin 4.76%.
- Net income down ▼ +36.4% YoY.
- Debt/equity 0.04, current ratio 1.13, net debt -$4.05B.
- Asset turnover 1.75 — capital efficiency.
Revenue (FY)
$147.40B
YoY -13.3%
Net margin
4.76%
▲ 10.96pp
ROE
25.59%
ROA 9.29%
ROIC
25.59%
EPS (diluted)
$15.48
FY2025
Free cash flow
—
Debt / equity
0.04
Cash $5.15B
Current ratio
1.13
Equity $28.53B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 20.61 |
| 2017 | — | — | — | — | — | — | 18.88 |
| 2018 | $23.59B | — | 0.00 | 6.59 | 6.59 | — | 6.20 |
| 2019 | $23.59B | 0.0% | 0.00 | 21.64 | 21.64 | — | 20.71 |
| 2020 | $111.46B | +372.4% | 0.00 | 5.02 | 5.02 | — | 22.46 |
| 2021 | $107.29B | -3.7% | 0.00 | 2.87 | 2.87 | — | 16.20 |
| 2022 | $64.13B | -40.2% | 0.00 | -6.20 | -6.20 | — | -20.74 |
| 2023 | $111.48B | +73.8% | 0.00 | 1.18 | 1.18 | — | 4.47 |
| 2024 | $169.99B | +52.5% | 0.00 | 6.49 | 6.49 | — | 36.05 |
| 2025 | $147.40B | -13.3% | 0.00 | 4.76 | 4.76 | — | 25.59 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $30.43B | -15.0% | — | 1.60% |
| Jun 30, 2025 | $63.75B | -13.8% | +109.5% | 2.14% |
| Jun 30, 2025 | $33.32B | -54.9% | -47.7% | 4.09% |
| Sep 30, 2025 | $98.27B | -10.2% | +194.9% | 1.52% |
| Sep 30, 2025 | $34.52B | -68.5% | -64.9% | 4.34% |
| Mar 31, 2026 | $32.54B | +6.9% | -5.7% | 0.64% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 23,595
2019: 23,595
2020: 111,461
2021: 107,293
2022: 64,129
2023: 111,476
2024: 169,990
2025: 147,399
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Feb 20, 2026. Latest quarterly report (10-Q) filed Apr 29, 2026. 12 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 20, 2026.
- Latest quarterly report (10-Q) filed Apr 29, 2026.
- 12 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Phillips 66; broad institutional reporting.
- Recent filers include BERKSHIRE HATHAWAY INC (BRK-A, BRK-B), BERKSHIRE HATHAWAY INC (BRK-A, BRK-B), BERKSHIRE HATHAWAY INC (BRK-A, BRK-B).
- 17 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 3 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 20, 2026
Annual report
Latest 10-Q
Apr 29, 2026
8-K (recent)
12
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
17
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | Aug 14, 2017 |
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | May 15, 2017 |
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | Nov 14, 2017 |
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | May 15, 2018 |
| Westchester Capital Management, LLC | 13F-HR | May 14, 2025 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| May 14, 2026 | 8-K | 8-K |
| Apr 29, 2026 | 8-K | 8-K |
| Apr 6, 2026 | 8-K | 8-K |
| Mar 18, 2026 | 8-K | 8-K |
| Mar 9, 2026 | 8-K | 8-K |
| Feb 4, 2026 | 8-K | 8-K |
| Oct 29, 2025 | 8-K | 8-K |
| Sep 30, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -68Deteriorating
68% conf
5 risk signal(s) detected from XBRL filing diff analysis. The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
- Inventory buildup exceeds sales growth: Inventory grew +6.5% vs revenue -13.3%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Leverage is building — debt rising while equity contracts: Long-term debt grew +3828.6% while stockholders equity declined -10.4%. The debt-to-equity ratio is deteriorating, increasing financial risk and interest burden. This may constrain future borrowing capacity.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 14 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Going concern doubt, Restatement of financial statements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$147.40B
-13.3% YoY
Operating income
$7.01B
-36.4% YoY
Net income
$7.01B
-36.4% YoY
Operating cash flow
$7.03B
-35.0% YoY
Total assets
$75.50B
-1.2% YoY
Total liabilities
$44.12B
+0.6% YoY
Long-term debt
$1.10B
+3828.6% YoY
Cash & equivalents
$1.74B
-47.7% YoY
Filing quality score
72/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $169.99B | $147.40B | $-22.59B | -13.3% |
| Operating income | $11.02B | $7.01B | $-4.01B | -36.4% |
| Net income | $11.02B | $7.01B | $-4.01B | -36.4% |
| Operating cash flow | $10.81B | $7.03B | $-3.78B | -35.0% |
| Total assets | $76.44B | $75.50B | $-941.0M | -1.2% |
| Total liabilities | $43.85B | $44.12B | $268.0M | +0.6% |
| Long-term debt | $28.0M | $1.10B | $1.07B | +3828.6% |
| Cash & equivalents | $3.32B | $1.74B | $-1.58B | -47.7% |
| Stockholders equity | $30.58B | $27.41B | $-3.17B | -10.4% |
| Inventory | $3.75B | $4.00B | $245.0M | +6.5% |
| Accounts receivable | $11.73B | $11.03B | $-697.0M | -5.9% |
| R&D expense | $42.0M | $27.0M | $-15.0M | -35.7% |
| SG&A expense | $2.17B | $2.52B | $357.0M | +16.5% |
| Interest expense | $611.0M | $842.0M | $231.0M | +37.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherPrincipalAmountOutstanding |
| Removed | AdvertisingExpense, AllocatedShareBasedCompensationExpense, AmortizationOfIntangibleAssets, AssetRetirementObligation, AssetRetirementObligationAccretionExpense, AssetRetirementObligationCashPaidToSettle, AssetRetirementObligationForeignCurrencyTranslationGainLoss, AssetRetirementObligationLiabilitiesIncurred, AssetRetirementObligationLiabilitiesSettled, AssetRetirementObligationPeriodIncreaseDecrease |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 1 | 0 | NEW |
| Material weakness in internal controls | high | 14 | 2 | Ongoing |
| Restatement of financial statements | high | 1 | 0 | NEW |
| Impairment charge | medium | 23 | 4 | Ongoing |
| Restructuring | medium | 42 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 57 | 8 | Ongoing |
| Related party transactions | low | 67 | 8 | Ongoing |
Filing signal breakdown
Red flags: 5
Positive: 0
Watch: 0
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $70.73B at $176.42 per share.
- ProPrice & TechnicalsPrice $176.42 — uptrend (above 200-DMA); 1-month momentum negative.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Phillips 66 is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $176.42 — uptrend (above 200-DMA); 1-month momentum negative..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow PSX stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Nike Inc. NKE | 28 | Supportive |
| Marathon Petroleum MPC | 25 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Micron Technology MU | 0 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Starbucks Corp. SBUX | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX● you | -4 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Texas Instruments TXN | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| Verizon Communications VZ | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Broadcom Inc. AVGO | -37 | Supportive |
| Newmont Corp. NEM | — | Supportive |
| Nucor Corp. NUE | — | Supportive |
| 3M Co. MMM | — | Supportive |
| Union Pacific Corp. UNP | — | Supportive |
| CSX Corp. CSX | — | Supportive |
| General Motors Co. GM | — | Supportive |
| MercadoLibre Inc. MELI | — | Supportive |
| Snowflake Inc. SNOW | — | Supportive |
| Cloudflare Inc. NET | — | Supportive |
| Zscaler Inc. ZS | — | Supportive |
| Okta Inc. OKTA | — | Supportive |
| Workday Inc. WDAY | — | Supportive |
| Autodesk Inc. ADSK | — | Supportive |
| Marvell Technology MRVL | — | Supportive |
| Microchip Technology MCHP | — | Supportive |
| Lam Research Corp. LRCX | — | Supportive |
| Applied Materials Inc. AMAT | — | Supportive |
| Comcast Corp. CMCSA | — | Supportive |
| Spotify Technology SPOT | — | Supportive |
| Roku Inc. ROKU | — | Supportive |
| Pinterest Inc. PINS | — | Supportive |
| TJX Cos. TJX | — | Supportive |
| Dollar General Corp. DG | — | Supportive |
| Ulta Beauty Inc. ULTA | — | Supportive |
| Yum Brands Inc. YUM | — | Supportive |
| Chipotle Mexican Grill CMG | — | Supportive |
| Royal Caribbean Group RCL | — | Supportive |
| Devon Energy DVN | — | Supportive |
| Albemarle Corp. ALB | — | Supportive |
| CF Industries CF | — | Supportive |
| Dow Inc. DOW | — | Supportive |
| Norfolk Southern NSC | — | Supportive |
| United Airlines Holdings UAL | — | Supportive |
| Eaton Corp. ETN | — | Supportive |