Current Assets
Inventories
Phillips 66 Inventories increased by 31.9% to $6.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 28.3%, from $5.24B to $6.72B. Over 5 years (FY 2020 to FY 2025), Inventories shows an upward trend with a 5.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
How to read this metric
Rising inventory relative to sales may indicate slowing demand or overproduction, while declining inventory may signal strong sales or supply constraints.
Detailed definition
The aggregate value of all raw materials, work-in-progress, and finished goods held by the company. This metric is a cri...
Peer comparison
Benchmark against inventory turnover ratios of peer healthcare and consumer goods companies.
Metric ID:
inventoriesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.75B | $4.40B | $3.39B | $4.53B | $4.58B | $4.29B | $3.28B | $5.45B | $6.38B | $5.73B | $3.75B | $6.29B | $6.52B | $6.04B | $4.00B | $5.24B | $5.58B | $6.42B | $5.10B | $6.72B |
| QoQ Change | — | -7.4% | -22.9% | +33.5% | +1.1% | -6.2% | -23.7% | +66.2% | +17.2% | -10.2% | -34.6% | +67.6% | +3.8% | -7.4% | -33.8% | +31.2% | +6.5% | +15.0% | -20.6% | +31.9% |
| YoY Change | — | — | — | — | -3.6% | -2.4% | -3.5% | +20.2% | +39.3% | +33.5% | +14.5% | +15.4% | +2.2% | +5.3% | +6.5% | -16.6% | -14.4% | +6.3% | +27.6% | +28.3% |
Range$3.28B – $6.72B
CAGR+7.6%
Avg YoY Growth+9.9%
Median YoY Growth+6.4%
Inventories at Other Companies
Frequently Asked Questions
- What is Phillips 66's inventories?
- Phillips 66 (PSX) reported inventories of $6.72B in Q1 2026.
- How has Phillips 66's inventories changed year-over-year?
- Phillips 66's inventories increased by 28.3% year-over-year, from $5.24B to $6.72B.
- What is the long-term trend for Phillips 66's inventories?
- Over 5 years (2020 to 2025), Phillips 66's inventories has grown at a 5.5% compound annual growth rate (CAGR), from $3.89B to $5.10B.
- What does inventories mean?
- The total value of all goods held for production or sale.