PSX Stock Analysis: Phillips 66 | NYSE
Oil & Gas Refining & Marketing | NYSE, USA | Market Cap: 92.816m USD | 12M Return: 106.1% | US7185461040 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 550M
EPS Trend: -45.9%
Qual. Beats: 5
Rev. Trend: -51.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Phillips 66 (NYSE: PSX) is a U.S.-based integrated downstream energy company that operates across five business segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. Headquartered in Houston, Texas and founded in 1875, the company conducts operations in the United States, the United Kingdom, Germany, and other international markets. Its activities span crude oil and NGL transportation, terminaling, and storage; the production of ethylene, aromatics, and specialty chemicals; petroleum refining into gasolines and distillates; the marketing of refined products and lubricants; and the processing of renewable feedstocks into renewable diesel and sustainable aviation fuel. The company sells its products under brands including Phillips 66, 76, Conoco, JET, Kendall, and Red Line.
As a downstream-focused operator, Phillips 66 sits in the Oil & Gas Refining & Marketing sub-industry within the GICS Energy sector, meaning its earnings are closely tied to crack spreads-the difference between the cost of crude oil and the wholesale prices of refined products like gasoline, diesel, and jet fuel. Its inclusion of a dedicated Renewable Fuels segment reflects the broader industry transition toward lower-carbon products, particularly renewable diesel and sustainable aviation fuel (SAF), which are increasingly supported by government incentives such as the U.S. Renewable Fuel Standard (RFS) and various state-level low-carbon fuel programs.
- Refining crack spreads compress as gasoline inventories build
- Renewable diesel and SAF capacity expansion drives low-carbon fuel margins
- Aggressive share buybacks continue supported by midstream and chemicals cash flow
| Net Income: 7.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 5.86 > 1.0 |
| NWC/Revenue: 3.82% < 20% (prev 1.05%; Δ 2.77% < -1%) |
| CFO/TA 0.11 > 3% & CFO 8.93b > Net Income 7.09b |
| Net Debt (16.8b) to EBITDA (12.8b): 1.30 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (402.6m) vs 12m ago -1.30% < -2% |
| Gross Margin: 9.78% > 18% (prev 2.94%; Δ 6.84% > 0.5%) |
| Asset Turnover: 194.7% > 50% (prev 174.7%; Δ 20.03% > 0%) |
| Interest Coverage Ratio: 8.70 > 6 (EBIT TTM 10.0b / Interest Expense TTM 1.15b) |
| A: 0.07 (Total Current Assets 24.2b - Total Current Liabilities 18.4b) / Total Assets 81.8b |
| B: 0.44 (Retained Earnings 36.3b / Total Assets 81.8b) |
| C: 0.13 (EBIT TTM 10.0b / Avg Total Assets 78.9b) |
| D: 0.64 (Book Value of Equity 31.5b / Total Liabilities 49.1b) |
| Altman-Z'' = 3.44 = A |
| DSRI: 0.89 (Receivables 11.7b/11.3b, Revenue 154b/133b) |
| GMI: 0.30 (GM 2.94% / 9.78%) |
| AQI: 0.92 (AQ_t 0.22 / AQ_t-1 0.24) |
| SGI: 1.16 (Revenue 154b / 133b) |
| TATA: -0.02 (NI 7.09b - CFO 8.93b) / TA 81.8b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of August 19, 2026, the stock is trading at USD 243.49 with a total of 2,219,280 shares traded. Over the past week, the price has changed by +13.58%, over one month by +17.23%, over three months by +36.14% and over the past year by +106.10%.
Current recommended Stop Loss: 234.20 (which is 3.8% or 1.3 ATR below the current price).
Phillips 66 has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy PSX.
- StrongBuy: 8
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 217.1 | -10.8% |
P/E Trailing = 12.8727
P/E Forward = 13.947
P/S = 0.6129
P/B = 2.7295
P/EG = 1.2488
Revenue TTM = 154b USD
EBIT TTM = 10.0b USD
EBITDA TTM = 12.8b USD
Long Term Debt = 18.8b USD (from longTermDebt, last quarter)
Short Term Debt = 1.80b USD (from shortTermDebt, last quarter)
Debt = 20.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 290.0m
Net Debt = 16.8b USD (calculated: Debt 20.9b - CCE 4.10b)
Enterprise Value = 110b USD (92.8b + Debt 20.9b - CCE 4.10b)
Interest Coverage Ratio = 8.70 (Ebit TTM 10.0b / Interest Expense TTM 1.15b)
EV/FCF = 17.14x (Enterprise Value 110b / FCF TTM 6.39b)
FCF Yield = 5.84% (FCF TTM 6.39b / Enterprise Value 110b)
FCF Margin = 4.16% (FCF TTM 6.39b / Revenue TTM 154b)
Net Margin = 4.62% (Net Income TTM 7.09b / Revenue TTM 154b)
Gross Margin = 9.78% ((Revenue TTM 154b - Cost of Revenue TTM 139b) / Revenue TTM)
Gross Margin QoQ = 14.39% (prev 10.64%)
Tobins Q-Ratio = 1.34 (Enterprise Value 110b / Total Assets 81.8b)
Interest Expense / Debt = 5.53% (Interest Expense 1.15b / Debt 20.9b)
Taxrate = 19.04% (1.69b / 8.88b)
NOPAT = 8.13b (EBIT 10.0b * (1 - 19.04%))
Current Ratio = 1.32 (Total Current Assets 24.2b / Total Current Liabilities 18.4b)
Debt / Equity = 0.66 (Debt 20.9b / totalStockholderEquity, last quarter 31.5b)
Debt / EBITDA = 1.30 (Net Debt 16.8b / EBITDA 12.8b)
Debt / FCF = 2.62 (Net Debt 16.8b / FCF TTM 6.39b)
Total Stockholder Equity = 29.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.99% (Net Income 7.09b / Total Assets 81.8b)
RoE = 24.45% (Net Income TTM 7.09b / Total Stockholder Equity 29.0b)
RoCE = 21.01% (EBIT 10.0b / Capital Employed (Equity 29.0b + L.T.Debt 18.8b))
RoIC = 13.29% (NOPAT 8.13b / Invested Capital 61.2b)
WACC = 7.57% (E(92.8b)/V(114b) * Re(8.27%) + D(20.9b)/V(114b) * Rd(5.53%) * (1-Tc(0.19)))
Discount Rate = 8.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.50 | Cagr: -3.07%
[DCF] Terminal Value 77.97% ; FCFF base≈4.43b ; Y1≈5.08b ; Y5≈7.48b
[DCF] Fair Price = 240.0 (EV 113b - Net Debt 16.8b = Equity 95.8b / Shares 399.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -45.86 | EPS CAGR: -26.51% | SUE: 4.0 | # QB: 5
Revenue Correlation: -51.02 | Revenue CAGR: -3.22% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=9.07 | Chg30d=+35.00% | Revisions=+72% | Analysts=18
EPS current Year (2026-12-31): EPS=25.67 | Chg30d=+38.48% | Revisions=+61% | GrowthEPS=+298.6% | GrowthRev=+20.3%
EPS next Year (2027-12-31): EPS=20.58 | Chg30d=+15.65% | Revisions=+42% | GrowthEPS=-19.8% | GrowthRev=-10.4%
[Analyst] Revisions Ratio: +65% (up=39, down=7)