Phillips 66 (PSX)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,117,000 | 3,369,000 | 5,120,000 | 5,802,000 | 7,015,000 | 7,639,000 | 10,933,000 | 12,403,000 | 11,024,000 | 10,413,000 | 5,424,000 | 2,551,000 | 1,315,000 | -497,000 | -1,698,000 | -2,133,000 | -3,975,000 | -2,700,000 | -1,189,000 | 376,000 |
| Revenue (ttm) | US$ in thousands | 143,124,000 | 147,709,000 | 151,824,000 | 148,814,000 | 147,399,000 | 149,408,000 | 154,720,000 | 168,207,000 | 169,990,000 | 162,315,000 | 147,603,000 | 126,028,000 | 111,476,000 | 95,281,000 | 80,967,000 | 64,878,000 | 64,129,000 | 76,845,000 | 88,134,000 | 105,068,000 |
| Net profit margin | 1.48% | 2.28% | 3.37% | 3.90% | 4.76% | 5.11% | 7.07% | 7.37% | 6.49% | 6.42% | 3.67% | 2.02% | 1.18% | -0.52% | -2.10% | -3.29% | -6.20% | -3.51% | -1.35% | 0.36% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,117,000K ÷ $143,124,000K
= 1.48%
The net profit margin of Phillips 66 has shown fluctuations over the past few years. The margin was negative for several quarters in 2020 and 2021, indicating that the company's expenses exceeded its revenues during those periods. However, there was a significant improvement in profitability starting from the first quarter of 2022, with the net profit margin turning positive and gradually increasing to reach a peak of 7.37% in the first quarter of 2023.
Subsequently, there was a slight decrease in the net profit margin in the second and third quarters of 2023, and it stabilized around 5% in the last quarter of 2023 and the first half of 2024. This suggests that Phillips 66 was able to manage its costs and improve its profitability after a period of negative margins.
Overall, the trend in the net profit margin of Phillips 66 shows a recovery and steady improvement in profitability over the analyzed period, indicating effective cost management and potentially increased revenue generation.
Peer comparison
Dec 31, 2024