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

PSX has the lower trailing P/E: PSX trades at 20.47 and VLO at 22.14. 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 15.79% CAGR versus VLO at 14.68%.

Does PSX or VLO pay a bigger dividend?

PSX yields 2.38% and VLO yields 1.53% 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%.

How have PSX and VLO total returns compared?

Over the past 10 years, PSX delivered 14.72% and VLO delivered 24.12% 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 July 28, 2026. Differences are shown without an overall score or investment verdict.

PSX

Phillips 66

$82.53B

$205.85EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT

VLO

Valero Energy Corporation

$88.75B

$298.88EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — PSX vs VLO

growth of $100 · dividends reinvested · last 14y

PSX +898.4%VLO +2239.6%VLO compounded faster

PSX VLO

PSX vs VLO: by the numbers

•VLO is the larger company ($88.75B vs $82.53B market cap).
•PSX trades at the lower trailing earnings multiple (20.47 vs 22.14 P/E), one valuation lens rather than an overall verdict.
•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 (2.38% vs 1.53%).

Metrics side by side

Valuation

Metric	PSX	VLO
P/E ratio	20.47	22.14
Forward P/E	9.90	8.95
P/S ratio	0.62	0.72
P/B ratio	2.94	3.81
PEG ratio	0.10	5.04
EV / EBITDA	11.26	10.76
FCF yield	0.14%	6.52%

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	2.38%	1.53%
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)	19.54%	67.44%
Total return CAGR (5Y)	27.16%	40.65%

Frequently asked

Which has the lower trailing P/E, PSX or VLO?: PSX has the lower trailing P/E: PSX trades at 20.47 and VLO at 22.14. 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 15.79% CAGR versus VLO at 14.68%.
Does PSX or VLO pay a bigger dividend?: PSX yields 2.38% and VLO yields 1.53% 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%.
How have PSX and VLO total returns compared?: Over the past 10 years, PSX delivered 14.72% and VLO delivered 24.12% 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 Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 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 July 28, 2026.