PSX Stock Analysis: Phillips 66 | NYSE
Oil & Gas Refining & Marketing | NYSE, USA | Market Cap: 102.539m USD | 12M Return: 88.8% | US7185461040 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 848M
EPS Trend: -45.9%
Qual. Beats: 5
Rev. Trend: -51.0%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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 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: 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 September 30, 2026, the stock is trading at USD 252.25 with a total of 2,187,691 shares traded. Over the past week, the price has changed by -1.76%, over one month by +2.30%, over three months by +45.70% and over the past year by +88.79%.
Current recommended Stop Loss: 241.00 (which is 4.5% 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 | 252 | -0.1% |
P/E Trailing = 14.5976
P/E Forward = 9.6805
P/S = 0.6739
P/B = 3.2483
P/EG = 0.8205
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 = 119b USD (103b + Debt 20.9b - CCE 4.10b)
Interest Coverage Ratio = 8.70 (Ebit TTM 10.0b / Interest Expense TTM 1.15b)
EV/FCF = 18.66x (Enterprise Value 119b / FCF TTM 6.39b)
FCF Yield = 5.36% (FCF TTM 6.39b / Enterprise Value 119b)
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 = 1.46 (Enterprise Value 119b / 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 = 7.55% (E(103b)/V(123b) * Re(8.18%) + D(20.9b)/V(123b) * Rd(5.53%) * (1-Tc(0.19)))
Discount Rate = 8.18% (= 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 = 238.8 (EV 113b - Net Debt 16.8b = Equity 95.8b / Shares 400.9m; 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=10.63 | Chg30d=+14.85% | Revisions=+39% | Analysts=17
EPS current Year (2026-12-31): EPS=28.04 | Chg30d=+11.42% | Revisions=+85% | GrowthEPS=+335.4% | GrowthRev=+21.1%
EPS next Year (2027-12-31): EPS=24.90 | Chg30d=+20.33% | Revisions=+74% | GrowthEPS=-11.2% | GrowthRev=-10.2%
[Analyst] Revisions Ratio: +75% (up=43, down=5)