Phillips 66 (PSX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,100,000 | 3,668,000 | 6,552,000 | 8,106,000 | 9,776,000 | 10,393,000 | 14,789,000 | 16,584,000 | 14,702,000 | 14,233,000 | 7,586,000 | 3,011,000 | 1,324,000 | -1,148,000 | -2,264,000 | -2,544,000 | -1,544,000 | -41,000 | 1,746,000 | 3,622,000 |
| 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 |
| Operating profit margin | 1.47% | 2.48% | 4.32% | 5.45% | 6.63% | 6.96% | 9.56% | 9.86% | 8.65% | 8.77% | 5.14% | 2.39% | 1.19% | -1.20% | -2.80% | -3.92% | -2.41% | -0.05% | 1.98% | 3.45% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,100,000K ÷ $143,124,000K
= 1.47%
Phillips 66's operating profit margin has shown a fluctuating trend over the observed period. Starting from March 31, 2020, the company's operating profit margin was at 3.45%, indicating that for every dollar of sales, the company generated $0.0345 in operating profit.
However, the margin declined in the subsequent quarters, reaching a low of -3.92% by March 31, 2021, signifying that the company's operating expenses were surpassing its operating income. This negative trend continued through the next few quarters but started to improve by June 30, 2022, when the operating profit margin increased to 5.14%, reflecting a more efficient management of operating costs.
The positive trend continued into the following quarters, with the operating profit margin reaching its peak at 9.86% by March 31, 2023, and remaining relatively stable in the subsequent periods. This improvement is indicative of better control over operating costs and increased profitability relative to sales.
Overall, Phillips 66's operating profit margin has showcased variability in performance but has shown signs of recovery and enhancement in recent quarters, reflecting management's efforts to optimize operational efficiency and drive profitability.
Peer comparison
Dec 31, 2024