Phillips 66 (PSX)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 27,408,000 | 28,722,000 | 29,455,000 | 29,726,000 | 31,650,000 | 30,821,000 | 29,898,000 | 30,249,000 | 29,494,000 | 28,233,000 | 24,276,000 | 21,815,000 | 19,166,000 | 18,139,000 | 18,149,000 | 17,979,000 | 18,984,000 | 19,722,000 | 20,715,000 | 21,372,000 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,117,000K ÷ $27,408,000K
= 7.72%
Over the past few years, Phillips 66's return on equity (ROE) has displayed a fluctuating trend. The ROE stood at 1.76% as of March 31, 2020, indicating a relatively low profitability in relation to shareholders' equity. Subsequently, the ROE turned negative for the next few quarters, reaching its lowest point of -20.94% by December 31, 2020.
However, there was a significant turnaround in the company's ROE performance starting from March 31, 2022, when it climbed to 11.69%. From that point onwards, there was a consistent and notable improvement in the ROE, with values exceeding 20% from June 30, 2022, onwards. The ROE peaked at 41.00% as of March 31, 2023, reflecting strong profitability relative to shareholder investments.
Although there was a slight dip in ROE by December 31, 2024, to 7.72%, the overall trend indicates a positive trajectory with improved profitability and efficiency in utilizing shareholder equity. The most recent ROE of 7.72% as of December 31, 2024, suggests that Phillips 66 is generating a healthy return for its shareholders, albeit slightly lower than the peak seen earlier in the period under review.
Peer comparison
Dec 31, 2024