Which has the lower trailing P/E, PSX or VLO?

PSX has the lower trailing P/E: PSX trades at 14.78 and VLO at 16.19. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, PSX or VLO?

Over the past five years, PSX grew revenue faster — PSX at a 13.56% CAGR versus VLO at 10.43%.

Does PSX or VLO pay a bigger dividend?

PSX yields 1.92% and VLO yields 1.22% based on trailing dividends and the latest price.

Is PSX or VLO more profitable?

VLO runs the higher net margin — PSX at 4.62% versus VLO at 5.43%.

How have PSX and VLO total returns compared?

Over the past 10 years, PSX delivered 17.13% and VLO delivered 26.44% annualized total return. Past performance doesn't predict future results.

Phillips 66 (PSX) vs Valero Energy Corporation (VLO)

A side-by-side comparison of Phillips 66 and Valero Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.

PSX

Phillips 66

$104.03B

$259.47EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

VLO

Valero Energy Corporation

$112.41B

$390.42EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — PSX vs VLO

growth of $100 · dividends reinvested · last 10y

PSX +390.0% (+17.2%/yr)VLO +921.9% (+26.2%/yr)VLO compounded faster over this window

PSX VLO

PSX vs VLO: by the numbers

•VLO is the larger company ($112.41B vs $104.03B market cap).
•PSX trades at the lower trailing earnings multiple (14.78 vs 16.19 P/E), one valuation lens rather than an overall verdict.
•VLO converts more revenue to profit (5.43% vs 4.62% net margin).
•PSX grew revenue faster over the past five years (13.56% vs 10.43% CAGR).
•PSX pays the higher dividend yield (1.92% vs 1.22%).

Metrics side by side

Valuation

Metric	PSX	VLO
P/E ratio	14.78	16.19
Forward P/E	9.89	8.91
P/S ratio	0.68	0.85
P/B ratio	3.30	4.50
EV / EBITDA	9.23	8.85
FCF yield	6.15%	9.00%

Profitability

Metric	PSX	VLO
Gross margin	9.78%	11.33%
Operating margin	6.67%	7.53%
Net margin	4.62%	5.43%
ROE	22.51%	28.85%
ROIC	12.71%	16.52%

Dividends

Metric	PSX	VLO
Dividend yield	1.92%	1.22%
Payout ratio	28.55%	19.62%

Growth (annualized)

Metric	PSX	VLO
Revenue CAGR (5Y)	13.56%	10.43%
EPS CAGR (5Y)	8.08%	4.39%
FCF CAGR (5Y)	35.99%	75.39%
Total return CAGR (5Y)	36.23%	48.27%

Frequently asked

Which has the lower trailing P/E, PSX or VLO?: PSX has the lower trailing P/E: PSX trades at 14.78 and VLO at 16.19. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, PSX or VLO?: Over the past five years, PSX grew revenue faster — PSX at a 13.56% CAGR versus VLO at 10.43%.
Does PSX or VLO pay a bigger dividend?: PSX yields 1.92% and VLO yields 1.22% based on trailing dividends and the latest price.
Is PSX or VLO more profitable?: VLO runs the higher net margin — PSX at 4.62% versus VLO at 5.43%.
How have PSX and VLO total returns compared?: Over the past 10 years, PSX delivered 17.13% and VLO delivered 26.44% annualized total return. Past performance doesn't predict future results.

Go deeper

Full PSX analysis Full VLO analysis Interactive comparison tool

Dig into the metrics

Phillips 66 P/E ratio Valero Energy P/E ratio Phillips 66 dividend yield Valero Energy dividend yield Phillips 66 ROE Valero Energy ROE Phillips 66 operating margin Valero Energy operating margin Phillips 66 revenue growth Valero Energy revenue growth Phillips 66 free cash flow Valero Energy free cash flow

Phillips 66 & Valero Energy appear in these rankings

Highest ROE Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

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 September 10, 2026.