Phillips 66 (PSX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,117,000 | 7,004,000 | 11,024,000 | 1,315,000 | -3,714,000 |
| Revenue | US$ in thousands | 143,153,000 | 147,399,000 | 169,990,000 | 111,476,000 | 64,129,000 |
| Net profit margin | 1.48% | 4.75% | 6.49% | 1.18% | -5.79% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,117,000K ÷ $143,153,000K
= 1.48%
The net profit margin of Phillips 66 has shown fluctuations over the past five years, with values ranging from a negative 5.79% on December 31, 2020, to a peak of 6.49% on December 31, 2022. The margin improved significantly from a negative figure to positive values in subsequent years, indicating better profitability. However, the net profit margin declined in 2024 to 1.48%. This suggests that although the company has made progress in enhancing its profitability, there may have been challenges or factors impacting its ability to maintain higher margins consistently. Overall, the trend in the net profit margin reflects variability in Phillips 66's profitability performance over the years.
Peer comparison
Dec 31, 2024