Phillips 66 (PSX)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	9,344,000	9,571,000	11,605,000	14,109,000	15,767,000	18,059,000	19,113,000	20,662,000	18,429,000	16,588,000	13,062,000	8,909,000	7,769,000	5,880,000	4,595,000	4,137,000	5,027,000	6,797,000	8,805,000	10,802,000
Revenue (ttm)	US$ in thousands	143,124,000	147,709,000	151,824,000	148,814,000	147,399,000	149,408,000	154,720,000	168,207,000	169,990,000	162,315,000	147,603,000	126,028,000	111,476,000	95,281,000	80,967,000	64,878,000	64,129,000	76,845,000	88,134,000	105,068,000
Gross profit margin		6.53%	6.48%	7.64%	9.48%	10.70%	12.09%	12.35%	12.28%	10.84%	10.22%	8.85%	7.07%	6.97%	6.17%	5.68%	6.38%	7.84%	8.85%	9.99%	10.28%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,344,000K ÷ $143,124,000K
= 6.53%

Phillips 66's gross profit margin has displayed fluctuations over the provided period. The gross profit margin started at 10.28% on March 31, 2020, and experienced a gradual decline, reaching a low of 5.68% on June 30, 2021. However, from that point onwards, the gross profit margin showed a positive trend, increasing steadily to reach its peak at 12.35% on June 30, 2023. Despite this peak, the margin experienced a slight decline and then fluctuated around the 10% range until the end of the period on December 31, 2024, where it stood at 6.53%.

Overall, the trend suggests some volatility in the gross profit margin, with both periods of decline and growth. It is important for stakeholders to closely monitor this ratio, as fluctuations in gross profit margin can indicate changes in pricing strategies, production costs, or competitive pressures affecting the company's profitability.