Is PSX or VLO cheaper?

On trailing earnings, PSX is cheaper: PSX trades at a 17.68 P/E and VLO at 18.79.

Which has grown faster, PSX or VLO?

Over the past five years, PSX grew revenue faster — PSX at a 15.79% CAGR versus VLO at 14.68%.

Does PSX or VLO pay a bigger dividend?

PSX yields 2.75% and VLO yields 1.80% based on trailing dividends and the latest price.

Is PSX or VLO more profitable?

VLO runs the higher net margin — PSX at 3.04% versus VLO at 3.33%.

Which has been the better investment, PSX or VLO?

Over the past 10-year, VLO delivered the higher annualized total return — PSX at 12.55% versus VLO at 21.79%. Past performance doesn't predict future results.

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

PSX and VLO are evenly matched — 8 metrics each of 16.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Valero Energy Corporation

$76.81B

$258.67Energy

Total return — PSX vs VLO

growth of $100 · last 14y

PSX +385.0%VLO +1073.1%VLO compounded faster

PSX VLO

PSX vs VLO: by the numbers

•VLO is the larger company ($76.81B vs $71.95B market cap).
•PSX trades at the lower earnings multiple (17.68 vs 18.79 P/E).
•VLO converts more revenue to profit (3.33% vs 3.04% net margin).
•PSX grew revenue faster over the past five years (15.79% vs 14.68% CAGR).
•PSX pays the higher dividend yield (2.75% vs 1.80%).

Which is better, PSX or VLO?

Metric tally: PSX 8 · VLO 8

It depends on what you're optimizing for:

ValuePSX(lower P/E)

GrowthPSX(faster 5Y revenue CAGR)

IncomePSX(higher dividend yield)

QualityVLO(higher ROIC)

Valuation

Metric	PSX	VLO
P/E ratio	17.68●	18.79
Forward P/E	10.53●	12.45
P/S ratio	0.53●	0.61
P/B ratio	2.54●	3.23
PEG ratio	0.10●	4.28
EV / EBITDA	10.27	9.10●
FCF yield	0.16%	7.69%●

Profitability

Metric	PSX	VLO
Gross margin	7.04%	7.24%●
Operating margin	4.67%	4.61%
Net margin	3.04%	3.33%●
ROE	14.45%	17.62%●
ROIC	4.75%	7.12%●

Dividends

Metric	PSX	VLO
Dividend yield	2.75%●	1.80%
Payout ratio	45.57%	61.56%

Growth (annualized)

Metric	PSX	VLO
Revenue CAGR (5Y)	15.79%●	14.68%
EPS CAGR (5Y)	8.08%●	4.39%
FCF CAGR (5Y)	-16.26%	67.44%●
Total return CAGR (5Y)	18.98%	30.36%●

Frequently asked

Which is better, PSX or VLO?: It depends on your goal. value: PSX (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: PSX (higher dividend yield); quality: VLO (higher ROIC). Across all compared metrics, they are evenly matched.
Is PSX or VLO cheaper?: On trailing earnings, PSX is cheaper: PSX trades at a 17.68 P/E and VLO at 18.79.
Which has grown faster, PSX or VLO?: Over the past five years, PSX grew revenue faster — PSX at a 15.79% CAGR versus VLO at 14.68%.
Does PSX or VLO pay a bigger dividend?: PSX yields 2.75% and VLO yields 1.80% based on trailing dividends and the latest price.
Is PSX or VLO more profitable?: VLO runs the higher net margin — PSX at 3.04% versus VLO at 3.33%.
Which has been the better investment, PSX or VLO?: Over the past 10-year, VLO delivered the higher annualized total return — PSX at 12.55% versus VLO at 21.79%. 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 Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Best 10-Year Total Return 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 June 13, 2026.