Phillips 66 (PSX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 10,828,000 | 11,153,000 | 18,429,000 | 7,769,000 | 5,027,000 |
| Revenue | US$ in thousands | 143,153,000 | 147,399,000 | 169,990,000 | 111,476,000 | 64,129,000 |
| Gross profit margin | 7.56% | 7.57% | 10.84% | 6.97% | 7.84% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $10,828,000K ÷ $143,153,000K
= 7.56%
The gross profit margin of Phillips 66 has shown some fluctuations over the years based on the provided data. In December 2020, the gross profit margin was 7.84%, which decreased slightly to 6.97% by December 2021. However, there was a notable improvement in December 2022 with a gross profit margin of 10.84%. Subsequently, in December 2023, the gross profit margin decreased to 7.57%, followed by a marginal decrease to 7.56% in December 2024.
Overall, the gross profit margin of Phillips 66 has displayed variability in recent years, with a significant increase in 2022 but some fluctuations in subsequent years. This indicates potential shifts in the company's cost structure, pricing strategies, or operational efficiency that have impacted its ability to generate gross profit relative to revenue. Further analysis of the company's financial performance and operational activities would be necessary to fully understand the drivers behind these fluctuations and assess the sustainability of its gross profit margins.
Peer comparison
Dec 31, 2024