Phillips 66 (PSX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,015,000 | 11,024,000 | 1,317,000 | -3,975,000 | 3,076,000 |
| Revenue | US$ in thousands | 146,507,000 | 178,483,000 | 114,646,000 | 65,436,000 | 110,275,000 |
| Net profit margin | 4.79% | 6.18% | 1.15% | -6.07% | 2.79% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $7,015,000K ÷ $146,507,000K
= 4.79%
The net profit margin of Phillips 66 has shown fluctuations over the past five years. In 2023, the net profit margin stands at 4.75%, a decrease from 6.48% in 2022 but an improvement from the low of 1.17% in 2021. The negative net profit margin of -6.21% in 2020 indicates that the company's expenses exceeded its revenues during that period. The positive net profit margin in 2019 at 2.86% suggests a profitable year for Phillips 66. Overall, while the recent net profit margin appears to be lower compared to previous years, it indicates that the company is generating a profit after accounting for all expenses. Further analysis of the factors influencing these fluctuations would provide deeper insights into Phillips 66's financial performance.
Peer comparison
Dec 31, 2023