Phillips 66 Gross Profit decreased by 33.1% to $3.32B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.0%, from $2.77B to $3.32B. Over 4 years (FY 2021 to FY 2025), Gross Profit shows an upward trend with a 14.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Higher gross profit indicates a strong ability to command premium pricing and manage production costs effectively.
The profit a company makes after deducting the costs associated with making and selling its products, or the costs assoc...
Premium hardware brands aim for higher gross profit margins than commodity electronics manufacturers.
gross_profit| 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 | $1.78B | $2.71B | $3.31B | $2.68B | $5.93B | $6.31B | $5.13B | $5.06B | $4.52B | $5.31B | $4.43B | $3.43B | $3.50B | $3.33B | $2.93B | $2.77B | $4.25B | $4.30B | $4.97B | $3.32B |
| QoQ Change | — | +52.1% | +22.1% | -19.0% | +121.0% | +6.4% | -18.6% | -1.5% | -10.6% | +17.6% | -16.7% | -22.6% | +2.2% | -4.8% | -12.1% | -5.5% | +53.3% | +1.2% | +15.7% | -33.1% |
| YoY Change | — | — | — | — | +232.5% | +132.5% | +54.9% | +88.3% | -23.8% | -15.8% | -13.8% | -32.2% | -22.5% | -37.2% | -33.8% | -19.1% | +21.3% | +28.9% | +69.6% | +20.0% |