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.