Phillips 66
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.377.958.138.23
Price/Sales ratio
0.390.390.180.15
Earnings per Share (EPS)
$13.03$15.37$15.02$14.85

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
8.5210.4929.3110.207.2416.34-8.2724.244.458.5513.947.24
Price/Sales ratio
0.250.440.540.500.360.460.470.280.280.400.310.46
Price/Book Value ratio
1.871.922.032.071.642.011.611.661.661.951.632.01
Price/Cash Flow ratio
11.497.7615.3814.285.3510.4514.565.294.538.529.065.35
Price/Free Cash Flow ratio
-166.29-869.89383.0528.698.2153.78-37.997.675.6912.9914.548.21
Price/Earnings Growth ratio
0.22-1.42-0.470.040.36-0.380.03-0.170.00-0.25-1.40-0.38
Dividend Yield
2.61%2.64%2.81%2.67%3.54%3.12%5.12%4.97%3.65%3.14%3.99%3.54%
Profitability Indicator Ratios
Gross Profit Margin
15.17%24.75%24.49%21.12%10.92%9.71%7.83%6.96%10.84%7.56%6.47%9.71%
Operating Profit Margin
2.06%4.50%1.23%1.73%4.65%5.13%-0.44%3.43%7.49%5.44%2.48%5.13%
Pretax Profit Margin
3.56%6.10%2.59%3.47%6.67%3.89%-7.74%1.56%8.61%6.42%3.01%3.89%
Net Profit Margin
2.95%4.27%1.84%4.98%5.01%2.86%-5.79%1.17%6.48%4.75%2.28%2.86%
Effective Tax Rate
28.79%29.18%24.96%-47.62%21.11%19.17%25.18%8.39%22.18%23.55%22.79%21.11%
Return on Assets
9.77%8.70%3.01%9.39%10.30%5.23%-6.78%2.36%14.42%9.27%4.48%5.23%
Return On Equity
22.05%18.29%6.94%20.35%22.69%12.34%-19.56%6.86%37.37%22.90%11.27%12.34%
Return on Capital Employed
8.84%10.85%2.46%4.00%11.44%11.69%-0.63%8.94%21.04%13.44%6.20%11.69%
Liquidity Ratios
Current Ratio
1.501.621.331.421.471.231.39N/AN/AN/A1.211.23
Quick Ratio
1.191.161.001.081.080.910.980.881.171.020.830.91
Cash ratio
0.460.400.280.300.330.130.260.240.380.200.100.13
Days of Sales Outstanding
16.4219.0727.7026.7620.2128.9537.1224.4523.5829.0425.7920.21
Days of Inventory outstanding
9.0617.0418.0615.3513.0214.2224.0411.947.8810.0415.9513.02
Operating Cycle
25.4936.1145.7742.1133.2343.1761.1636.4031.4739.0941.7433.23
Days of Payables Outstanding
21.5227.7140.5036.2924.2132.3134.2629.7727.2629.2028.8124.21
Cash Conversion Cycle
3.968.405.275.829.0210.8626.896.624.209.8812.939.02
Debt Ratios
Debt Ratio
0.170.180.190.180.200.190.290.250.220.250.260.20
Debt Equity Ratio
0.390.380.450.400.450.460.830.750.580.630.690.45
Long-term Debt to Capitalization
0.260.270.290.280.310.300.430.400.360.360.390.31
Total Debt to Capitalization
0.280.270.310.280.310.310.450.420.360.380.410.31
Interest Coverage Ratio
12.8414.673.244.1910.337.28-2.86N/AN/AN/A3.897.28
Cash Flow to Debt Ratio
0.400.640.290.360.670.410.130.410.620.360.250.41
Company Equity Multiplier
2.252.102.302.162.202.352.882.902.592.462.612.20
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.020.050.030.030.060.040.030.050.060.040.030.04
Free Cash Flow / Operating Cash Flow Ratio
-0.06-0.000.040.490.650.19-0.380.690.790.650.610.19
Cash Flow Coverage Ratio
0.400.640.290.360.670.410.130.410.620.360.250.41
Short Term Coverage Ratio
4.19129.845.3888.97113.028.782.134.0420.444.743.408.78
Dividend Payout Ratio
22.30%27.72%82.44%27.32%25.66%51.04%-42.40%120.53%16.26%26.87%55.41%25.66%