PSX Stock Analysis: Phillips 66 | NYSE
Oil & Gas Refining & Marketing | NYSE, USA | Market Cap: 95.849m USD | 12M Return: 86.2% | US7185461040 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 800M
EPS Trend: 0.8%
Qual. Beats: 6
Rev. Trend: 3.5%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Phillips 66 is a U.S.-headquartered integrated downstream energy company operating across the United States, the United Kingdom, Germany, and other international markets. Its business is organized into five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides transportation, terminaling, storage, and gathering/processing services for crude oil, natural gas, NGLs, and liquefied petroleum gas. The Chemicals segment produces ethylene, olefins, aromatics, styrenics, and specialty chemicals. The Refining segment converts crude oil and other feedstocks into gasoline, distillates, and aviation fuels, while the M&S segment markets refined products and manufactures lubricants and base oils. The Renewable Fuels segment processes renewable feedstocks into renewable diesel and sustainable aviation fuel and manages related regulatory credits. The company sells products under brands including Phillips 66, 76, Conoco, JET, Kendall, and Red Line, and was founded in 1875 with its headquarters in Houston, Texas.
Phillips 66 sits within the Oil & Gas Refining & Marketing sub-industry, where profitability is heavily influenced by crack spreads (the differential between crude input costs and refined product output prices) and refining utilization rates. Its inclusion of midstream, chemicals, and renewable fuels alongside traditional refining is broader than the typical pure-play refiner, providing diversification across the downstream value chain but also exposing results to commodity price volatility in each segment.
- Refining crack spreads drive quarterly earnings volatility
- DCP Midstream consolidation expands NGL and natural gas exposure
- Renewable diesel capacity ramps to capture sustainable fuel credits
| Net Income: 12.6b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 14.92 > 1.0 |
| NWC/Revenue: 4.21% < 20% (prev 3.09%; Δ 1.13% < -1%) |
| CFO/TA 0.17 > 3% & CFO 15.0b > Net Income 12.6b |
| Net Debt (13.0b) to EBITDA (19.5b): 0.67 < 3 |
| Current Ratio: 1.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (399.0m) vs 12m ago -1.63% < -2% |
| Gross Margin: 12.36% > 18% (prev 3.79%; Δ 8.57% > 0.5%) |
| Asset Turnover: 209.3% > 50% (prev 173.3%; Δ 36.06% > 0%) |
| Interest Coverage Ratio: 14.88 > 6 (EBIT TTM 16.9b / Interest Expense TTM 1.14b) |
| A: 0.08 (Total Current Assets 27.9b - Total Current Liabilities 20.8b) / Total Assets 86.0b |
| B: 0.48 (Retained Earnings 41.4b / Total Assets 86.0b) |
| C: 0.21 (EBIT TTM 16.9b / Avg Total Assets 81.0b) |
| D: 0.68 (Book Value of Equity 34.3b / Total Liabilities 50.5b) |
| Altman-Z'' = 4.23 = AA |
| DSRI: 0.98 (Receivables 13.2b/10.5b, Revenue 170b/132b) |
| GMI: 0.31 (GM 3.79% / 12.36%) |
| AQI: 0.92 (AQ_t 0.21 / AQ_t-1 0.23) |
| SGI: 1.29 (Revenue 170b / 132b) |
| TATA: -0.03 (NI 12.6b - CFO 15.0b) / TA 86.0b) |
| Beneish M = -3.52 (Cap -4..+1) = AAA |
As of November 11, 2026, the stock is trading at USD 250.70 with a total of 3,129,040 shares traded. Over the past week, the price has changed by -7.81%, over one month by -10.93%, over three months by +16.94% and over the past year by +86.17%.
Current recommended Stop Loss: 236.60 (which is 5.6% or 1.3 ATR below the current price).
Phillips 66 has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy PSX.
- StrongBuy: 8
- Buy: 3
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 292.4 | 16.6% |
P/E Trailing = 7.8807
P/E Forward = 9.2764
P/S = 0.5699
P/B = 2.7919
P/EG = 0.7861
Revenue TTM = 170b USD
EBIT TTM = 16.9b USD
EBITDA TTM = 19.5b USD
Long Term Debt = 17.5b USD (from longTermDebt, last quarter)
Short Term Debt = 1.04b USD (from shortTermDebt, last quarter)
Debt = 18.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 290.0m
Net Debt = 13.0b USD (calculated: Debt 18.8b - CCE 5.85b)
Enterprise Value = 109b USD (95.8b + Debt 18.8b - CCE 5.85b)
Interest Coverage Ratio = 14.88 (Ebit TTM 16.9b / Interest Expense TTM 1.14b)
EV/FCF = 7.59x (Enterprise Value 109b / FCF TTM 14.3b)
FCF Yield = 13.18% (FCF TTM 14.3b / Enterprise Value 109b)
FCF Margin = 8.46% (FCF TTM 14.3b / Revenue TTM 170b)
Net Margin = 7.41% (Net Income TTM 12.6b / Revenue TTM 170b)
Gross Margin = 12.36% ((Revenue TTM 170b - Cost of Revenue TTM 149b) / Revenue TTM)
Gross Margin QoQ = 15.55% (prev 14.39%)
Tobins Q-Ratio = 1.27 (Enterprise Value 109b / Total Assets 86.0b)
Interest Expense / Debt = 6.05% (Interest Expense 1.14b / Debt 18.8b)
Taxrate = 19.81% (3.13b / 15.8b)
NOPAT = 13.6b (EBIT 16.9b * (1 - 19.81%))
Current Ratio = 1.34 (Total Current Assets 27.9b / Total Current Liabilities 20.8b)
Debt / Equity = 0.55 (Debt 18.8b / totalStockholderEquity, last quarter 34.3b)
Debt / EBITDA = 0.67 (Net Debt 13.0b / EBITDA 19.5b)
Debt / FCF = 0.90 (Net Debt 13.0b / FCF TTM 14.3b)
Total Stockholder Equity = 30.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.52% (Net Income 12.6b / Total Assets 86.0b)
RoE = 40.75% (Net Income TTM 12.6b / Total Stockholder Equity 30.9b)
RoCE = 35.02% (EBIT 16.9b / Capital Employed (Equity 30.9b + L.T.Debt 17.5b))
RoIC = 22.49% (NOPAT 13.6b / Invested Capital 60.4b)
WACC = 7.30% (E(95.8b)/V(115b) * Re(7.78%) + D(18.8b)/V(115b) * Rd(6.05%) * (1-Tc(0.20)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.68 | Cagr: -2.85%
[DCF] Terminal Value 77.97% ; FCFF base≈9.15b ; Y1≈10.5b ; Y5≈15.4b
[DCF] Fair Price = 562.1 (EV 232b - Net Debt 13.0b = Equity 219b / Shares 390.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 0.83 | EPS CAGR: 0.62% | SUE: 3.61 | # QB: 6
Revenue Correlation: 3.45 | Revenue CAGR: 0.29% | SUE: 2.57 | # QB: 2
EPS current Quarter (2027-03-31): EPS=8.10 | Chg30d=+32.37% | Revisions=+59% | Analysts=15
EPS current Year (2026-12-31): EPS=34.76 | Chg30d=+15.48% | Revisions=+61% | GrowthEPS=+439.8% | GrowthRev=+31.6%
EPS next Year (2027-12-31): EPS=32.28 | Chg30d=+18.52% | Revisions=+55% | GrowthEPS=-7.1% | GrowthRev=-12.2%
[Analyst] Revisions Ratio: +65% (up=39, down=7)