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
Company name
Symbol
Net profit margin
Phillips 66
PSX
4.75%
Chevron Corp
CVX
10.63%
ConocoPhillips
COP
19.52%
CVR Energy Inc
CVI
8.32%
Exxon Mobil Corp
XOM
10.45%
Hess Corporation
HES
13.15%
Marathon Petroleum Corp
MPC
8.64%
PBF Energy Inc
PBF
5.60%
Valero Energy Corporation
VLO
6.13%