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Petroleum refining company · DE · FY ends Dec · Revenue $134.49B · 10.69% margin
$206.86
+$5.54 (+2.75%)
EOD Jul 17, 2026
10.46% operating margin is respectable but not wide. ROIC at 25.85%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 7.5% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 20x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
20.4x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$134.49B
▼ -7.5% YoY
Net Income (TTM)
$4.12B
▲ +108.0% YoY
Op. Margin
10.69%
▲ +3.2pp YoY
ROIC
26.63%
▲ +6.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$2.51B
▲ +18.4% YoY
Net Debt
$21.97B
Cash & Equiv.
$5.15B
5Y CAGR: +15.6%
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At a P/E of 20.4, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Phillips 66 scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Phillips 66 scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 10.7% operating margin and a 26.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Phillips 66 pays a regular dividend of about $4.87 per share per year (typically in quarterly installments), a yield of roughly 2.4% at the current price. That is a payout ratio of about 47.6% of earnings, so the dividend is well covered. Phillips 66 has grown the dividend at roughly 4.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PSX's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh PSX's valuation and scores 39/100 on quality (lower-quality). It also yields about 2.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.