Phillips 66 (PSX) closed fiscal year 2025 with a gross margin of 12.3 % and a net margin of 3.3 %.
Phillips 66 (PSX) closed fiscal year 2025 with a gross margin of 12.3 % and a net margin of 3.3 %. The same year shows an EBITDA margin of 6.2 % and an EBIT margin of 3.8 %. The free cash flow margin was 2.1 %. Against the previous year the gross margin moved +3.1 pp and the net margin +1.8 pp. Across the period the gross margin ranges between 8.4 % in 2021 and 25.9 % in 2016. The series covers 16 fiscal years, from 2010 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | 25.88 % | 22.42 % | 12.14 % | 10.96 % | 10.01 % | 8.41 % | 11.80 % | 13.10 % | 9.21 % | 12.30 % |
| EBITDA margin (%) | 1.44 % | 3.79 % | 4.09 % | 3.72 % | 4.11 % | 7.08 % | 3.90 % | 4.25 % | 7.84 % | 5.03 % | -5.67 % | 2.59 % | 7.96 % | 7.52 % | 3.35 % | 6.22 % |
| EBIT margin (%) | 0.84 % | 3.32 % | 3.58 % | 3.17 % | 3.49 % | 5.99 % | 2.51 % | 2.96 % | 6.62 % | 3.78 % | -7.84 % | 1.15 % | 7.00 % | 6.18 % | 1.70 % | 3.76 % |
| Net margin (%) | 0.50 % | 2.44 % | 2.30 % | 2.17 % | 2.95 % | 4.27 % | 1.85 % | 4.99 % | 5.02 % | 2.87 % | -6.20 % | 1.18 % | 6.49 % | 4.76 % | 1.48 % | 3.33 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | 5.25 % | 3.31 % | 1.63 % | 2.06 % |
