TTM
7.0%
YoY change
+1.51pp
Trough year (2020)
0.3%
Peak year (2009)
12.9%
Latest annual
4.9%
Gross Margin history chart for Phillips 66 (PSX) from 2009 to 2025
Latest: 4.9%
Gross Margin change chart for Phillips 66 (PSX) from 2009 to 2025
Latest: +1.51pp
Gross Margin history table for Phillips 66 (PSX) from 2009 to 2025
| 2025 | 4.9% | +1.51pp | ||
| 2024 | 3.4% | -4.27pp | ||
| 2023 | 7.7% | +0.16pp | ||
| 2022 | 7.5% | +4.49pp | ||
| 2021 | 3.0% | +2.74pp | ||
| 2020 | 0.3% | -4.66pp | ||
| 2019 | 4.9% | -1.47pp | ||
| 2018 | 6.4% | +1.82pp | ||
| 2017 | 4.6% | -0.28pp | ||
| 2016 | 4.9% | -2.32pp | ||
| 2015 | 7.2% | +4.10pp | ||
| 2014 | 3.1% | +0.44pp | ||
| 2013 | 2.7% | -1.31pp | ||
| 2012 | 4.0% | -5.54pp | ||
| 2011 | 9.5% | -1.73pp | ||
| 2010 | 11.2% | -1.68pp | ||
| 2009 | 12.9% | — |
- 20254.9%+1.51pp
- 20243.4%-4.27pp
- 20237.7%+0.16pp
- 20227.5%+4.49pp
- 20213.0%+2.74pp
- 20200.3%-4.66pp
- 20194.9%-1.47pp
- 20186.4%+1.82pp
- 20174.6%-0.28pp
- 20164.9%-2.32pp
- 20157.2%+4.10pp
- 20143.1%+0.44pp
- 20132.7%-1.31pp
- 20124.0%-5.54pp
- 20119.5%-1.73pp
- 201011.2%-1.68pp
- 200912.9%—
Gross Margin values are taken from Phillips 66's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's latest reported gross margin is 7.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Phillips 66 (PSX) reported gross margin of 4.91% – expanded 1.5 percentage points year-over-year.
The highest annual gross margin of 12.92% was reported in 2009. The lowest in the available history was 0.28% in 2020.
Phillips 66 Gross Margin by Year
Phillips 66 Gross Margin 2025: 4.9%
In 2025, Phillips 66 reported gross margin of 4.91%, expanded 1.5 percentage points from 2024.
Phillips 66 Gross Margin 2024: 3.4%
Phillips 66 gross margin in 2024 was 3.40%, contracted 4.3 percentage points from 2023.
Phillips 66 Gross Margin 2023: 7.7%
2023's gross margin for Phillips 66 came in at 7.66%, expanded 0.2 percentage points from 2022.
Phillips 66 Gross Margin 2022: 7.5%
Phillips 66 posted gross margin of 7.51% in 2022, expanded 4.5 percentage points from 2021.
Phillips 66 Gross Margin 2021: 3.0%
Phillips 66 gross margin in 2021 was 3.02%.
See more financial history for Phillips 66 (PSX).
Sector peers by Gross Margin
Energy peers of Phillips 66 (PSX), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 25.4% | |
| 17.3% | |
| 8.8% | |
| 7.2% |
- 30.7%
- 29.2%
- 25.5%
- 25.4%
- 17.3%
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