ConocoPhillips (COP) vs Phillips 66 (PSX)
COP leads on 10 of 16 compared metrics, though PSX is the cheaper stock.
A side-by-side comparison of ConocoPhillips and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — COP vs PSX
growth of $100 · last 14yCOP +94.1%PSX +396.3%PSX compounded faster
COP PSX
COP vs PSX: by the numbers
- •COP is the larger company ($134.58B vs $67.82B market cap).
- •PSX trades at the lower earnings multiple (16.95 vs 18.94 P/E).
- •COP converts more revenue to profit (12.56% vs 3.04% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 15.79% CAGR).
- •COP pays the higher dividend yield (2.96% vs 2.87%).
Which is better, COP or PSX?
Metric tally: COP 10 · PSX 6It depends on what you're optimizing for:
ValuePSX(lower P/E)
GrowthCOP(faster 5Y revenue CAGR)
IncomeCOP(higher dividend yield)
QualityCOP(higher ROIC)
Metrics side by side
Valuation
| Metric | COP | PSX |
|---|---|---|
| P/E ratio | 18.94 | 16.95● |
| Forward P/E | 12.38 | 9.99● |
| P/S ratio | 2.34 | 0.51● |
| P/B ratio | 2.11● | 2.43 |
| PEG ratio | — | 0.10 |
| EV / EBITDA | 6.29● | 9.94 |
| FCF yield | 11.27%● | 0.17% |
Profitability
| Metric | COP | PSX |
|---|---|---|
| Gross margin | 29.18%● | 7.04% |
| Operating margin | 18.28%● | 4.67% |
| Net margin | 12.56%● | 3.04% |
| ROE | 11.34% | 14.45%● |
| ROIC | 6.54%● | 4.75% |
Dividends
| Metric | COP | PSX |
|---|---|---|
| Dividend yield | 2.96%● | 2.87% |
| Payout ratio | 51.89% | 45.57% |
Growth (annualized)
| Metric | COP | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 20.71%● | 15.79% |
| EPS CAGR (5Y) | -0.18% | 8.08%● |
| FCF CAGR (5Y) | 97.59%● | -16.26% |
| Total return CAGR (5Y) | 17.49% | 18.68%● |
Frequently asked
- Which is better, COP or PSX?
- It depends on your goal. value: PSX (lower P/E); growth: COP (faster 5Y revenue CAGR); income: COP (higher dividend yield); quality: COP (higher ROIC). Across all compared metrics, COP leads 10 to 6.
- Is COP or PSX cheaper?
- On trailing earnings, PSX is cheaper: COP trades at a 18.94 P/E and PSX at 16.95.
- Which has grown faster, COP or PSX?
- Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus PSX at 15.79%.
- Does COP or PSX pay a bigger dividend?
- COP yields 2.96% and PSX yields 2.87% based on trailing dividends and the latest price.
- Is COP or PSX more profitable?
- COP runs the higher net margin — COP at 12.56% versus PSX at 3.04%.
- Which has been the better investment, COP or PSX?
- Over the past 10-year, COP delivered the higher annualized total return — COP at 13.06% versus PSX at 12.08%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioPhillips 66 P/E ratioConocoPhillips dividend yieldPhillips 66 dividend yieldConocoPhillips ROEPhillips 66 ROEConocoPhillips operating marginPhillips 66 operating marginConocoPhillips revenue growthPhillips 66 revenue growthConocoPhillips free cash flowPhillips 66 free cash flow
ConocoPhillips & Phillips 66 appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 17, 2026.