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Phillips 66 PSX Gross margin

Gross margin at other companies

Lowe's Companies logo
Lowe's CompaniesLOW
32.7%-0.7pp
Sherwin-Williams logo
Sherwin-WilliamsSHW
49.1%+0.9pp
GameStop logo
GameStopGME
$340.3M+34.6%
Natera, Inc. logo
Natera, Inc.NTRA
0.8%
Natera, Inc. logo
Natera, Inc.NTRA
64.7%+1.6pp
Deckers Outdoor Corporation logo
Deckers Outdoor CorporationDECK
57.7%-0.2pp

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$66.61B+45.0%
P/E16.2×-8.6×
P/S0.5×+0.2×

Profitability

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Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Calculated from Phillips 66’s reported figures.

Based on trailing twelve months.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's gross margin?
Phillips 66 (PSX) reported gross margin of 12.5% in Q1 2026.
How has Phillips 66's gross margin changed year-over-year?
Phillips 66's gross margin increased by 37.6% year-over-year, from 9.1% to 12.5%.
What is the long-term trend for Phillips 66's gross margin?
Over 5 years (2020 to 2025), Phillips 66's gross margin has grown at a 4.2% compound annual growth rate (CAGR), from 10% to 12.3%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.