Phillips 66 (PSX)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 16,907,000 17,487,000 20,098,000 23,591,000 21,498,000 19,812,000 14,592,000 9,540,000 7,673,000 22,429,000 20,778,000 19,703,000 17,624,000 30,340,000 32,572,000 34,669,000 37,050,000 37,023,000 38,021,000 38,096,000
Revenue (ttm) US$ in thousands 147,811,000 151,287,000 158,181,000 173,624,000 175,470,000 167,636,000 152,331,000 129,770,000 114,646,000 98,020,000 83,151,000 66,441,000 65,456,000 78,172,000 89,782,000 107,160,000 109,529,000 109,502,000 112,260,000 113,560,000
Gross profit margin 11.44% 11.56% 12.71% 13.59% 12.25% 11.82% 9.58% 7.35% 6.69% 22.88% 24.99% 29.65% 26.92% 38.81% 36.28% 32.35% 33.83% 33.81% 33.87% 33.55%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,907,000K ÷ $147,811,000K
= 11.44%

Over the past eight quarters, Phillips 66 has shown consistent improvement in its gross profit margin, with a positive trend from Q1 2022 to Q4 2023. The company's gross profit margin increased steadily from 8.33% in Q1 2022 to 13.10% in Q4 2023. This upward trajectory indicates that Phillips 66 has been effectively managing its production costs and generating higher revenues relative to its cost of goods sold over the period. The company's ability to maintain and expand its gross profit margin reflects efficiency in its operations and pricing strategies, which can contribute to overall profitability and shareholder value.


Peer comparison

Dec 31, 2023


See also:

Phillips 66 Gross Profit Margin (Quarterly Data)