Phillips 66 (PSX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,675,000 | 4,449,000 | 6,849,000 | 7,782,000 | 9,469,000 | 10,255,000 | 14,600,000 | 16,462,000 | 14,639,000 | 13,719,000 | 7,009,000 | 3,339,000 | 1,740,000 | -578,000 | -2,376,000 | -3,257,000 | -4,964,000 | -3,207,000 | -914,000 | 1,360,000 |
| 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 |
| Pretax margin | 1.87% | 3.01% | 4.51% | 5.23% | 6.42% | 6.86% | 9.44% | 9.79% | 8.61% | 8.45% | 4.75% | 2.65% | 1.56% | -0.61% | -2.93% | -5.02% | -7.74% | -4.17% | -1.04% | 1.29% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,675,000K ÷ $143,124,000K
= 1.87%
Phillips 66's pretax margin, a key profitability ratio, indicates the company's ability to generate earnings before taxes relative to its total revenue. The trend analysis of the pretax margin shows fluctuations over the quarters.
From March 31, 2020, to December 31, 2021, the company experienced a decline in the pretax margin, with negative values indicating that expenses were outpacing revenues. However, starting from March 31, 2022, there was an upward trend in the pretax margin, signaling an improvement in profitability.
The pretax margin reached its peak at 9.79% on March 31, 2023, showcasing a significant recovery in profitability. Although there was a slight dip in the pretax margin in the following quarters, it remained above 5%, reflecting a stable financial performance.
Overall, the increasing trend in the pretax margin from 2022 to 2024 suggests that Phillips 66 implemented effective cost management strategies and revenue-enhancing initiatives, resulting in improved profitability and financial health during this period.
Peer comparison
Dec 31, 2024