Phillips 66 (PSX)

Net 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
Net income (ttm) US$ in thousands 7,015,000 7,639,000 10,933,000 12,403,000 11,024,000 10,413,000 5,424,000 2,553,000 1,317,000 -495,000 -1,696,000 -2,133,000 -3,975,000 -2,700,000 -1,189,000 376,000 3,076,000 4,580,000 5,360,000 5,275,000
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
Net profit margin 4.75% 5.05% 6.91% 7.14% 6.28% 6.21% 3.56% 1.97% 1.15% -0.50% -2.04% -3.21% -6.07% -3.45% -1.32% 0.35% 2.81% 4.18% 4.77% 4.65%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $7,015,000K ÷ $147,811,000K
= 4.75%

The net profit margin of Phillips 66 has shown some fluctuation over the past eight quarters. It ranged from a low of 2.02% in Q1 2022 to a high of 7.37% in Q1 2023. The company's net profit margin improved steadily from Q1 2022 to Q3 2023, peaking at 7.37% in Q1 2023 before slightly decreasing to 4.75% in Q4 2023. Overall, the net profit margin trend indicates variability but generally positive performance, with the company effectively managing costs and increasing profitability over the period analyzed.


Peer comparison

Dec 31, 2023


See also:

Phillips 66 Net Profit Margin (Quarterly Data)