Phillips 66 (PSX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 6.53% | 6.48% | 7.64% | 9.48% | 10.70% | 12.09% | 12.35% | 12.28% | 10.84% | 10.22% | 8.85% | 7.07% | 6.97% | 6.17% | 5.68% | 6.38% | 7.84% | 8.85% | 9.99% | 10.28% |
| 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% |
| 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% |
| 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% |
Phillips 66's profitability ratios have shown varying trends over the past few years. The Gross Profit Margin, which indicates the percentage of revenue remaining after deducting the cost of goods sold, fluctuated between 5.68% in June 2021 to a high of 12.35% in June 2023. This indicates some volatility in the company's ability to generate profit from its core operations.
The Operating Profit Margin, representing the company's ability to generate profit from its normal business activities, had negative values in several quarters, showing operational challenges. However, there has been an improvement in recent quarters, with the margin increasing from 4.32% in June 2024 to a high of 9.86% in March 2023.
The Pretax Margin, reflecting the company's ability to generate profit before accounting for taxes, has shown a similar trend to the Operating Profit Margin. It started in negative territory but improved gradually, reaching 9.79% in March 2023 before declining slightly to 1.87% in December 2024.
The Net Profit Margin, which demonstrates the company's overall profitability after all expenses have been deducted, has also shown an upward trend over the years. Starting from negative values, it increased to 7.37% in March 2023 but declined to 1.48% in December 2024.
Overall, while there have been fluctuations in profitability ratios, Phillips 66 has shown some improvement in its ability to generate profits from its operations, as seen in the increasing margins in recent quarters.
Return on investment
| 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 return on assets (Operating ROA) | 2.89% | 4.89% | 8.63% | 10.61% | 12.95% | 13.36% | 19.75% | 21.46% | 19.23% | 18.40% | 12.08% | 4.97% | 2.38% | -2.04% | -3.97% | -4.58% | -2.82% | -0.08% | 3.20% | 6.78% |
| Return on assets (ROA) | 2.92% | 4.49% | 6.74% | 7.59% | 9.29% | 9.82% | 14.60% | 16.05% | 14.42% | 13.46% | 8.64% | 4.21% | 2.37% | -0.88% | -2.98% | -3.84% | -7.26% | -4.97% | -2.18% | 0.70% |
| Return on total capital | 13.15% | 18.67% | 26.30% | 29.31% | 32.75% | 34.13% | 49.50% | 54.65% | 49.67% | 50.60% | 31.15% | 17.89% | 12.11% | 0.03% | -9.91% | -15.02% | -23.40% | -13.74% | -2.12% | 8.58% |
| Return on equity (ROE) | 7.72% | 11.73% | 17.38% | 19.52% | 22.16% | 24.79% | 36.57% | 41.00% | 37.38% | 36.88% | 22.34% | 11.69% | 6.86% | -2.74% | -9.36% | -11.86% | -20.94% | -13.69% | -5.74% | 1.76% |
The profitability ratios for Phillips 66 show a fluctuating trend over the period under review.
- Operating Return on Assets (Operating ROA) improved steadily from -2.82% in December 2020 to reach a peak of 21.46% in March 2023, before gradually declining to 2.89% in December 2024. This ratio indicates the company's ability to generate profits from its operational assets.
- Return on Assets (ROA) also displayed a mixed performance, with a low of -7.26% in December 2020 and a peak of 16.05% in March 2023. The ratio ended at 2.92% in December 2024. ROA measures the company's profitability relative to its total assets.
- Return on Total Capital experienced significant fluctuations, ranging from -23.40% in December 2020 to a high of 54.65% in March 2023. The ratio decreased to 13.15% by December 2024. This metric evaluates the profitability of all capital invested in the company.
- Return on Equity (ROE) demonstrated a similar pattern, with values fluctuating between -20.94% in December 2020 and a peak of 41.00% in March 2023. ROE represents the return generated on shareholders' equity.
Overall, the profitability ratios of Phillips 66 reflect a mix of challenges and successes, highlighting the company's ability to optimize its asset utilization and generate returns for both operational and capital investments.