Phillips 66 (PSX) EBITDA Margin: 7.38%
Is Phillips 66’s EBITDA margin high or low?
Phillips 66's EBITDA margin of 7.38% is 55% above its 5-year average of 4.77%, near the high end of its 5-year range (-4.79%–9.94%).
As of Wednesday, June 17, 2026. 27.68% above its 12-month average of 5.78%.
PSX EBITDA Margin Chart
PSX Average EBITDA Margin Chart
PSX Current vs Average EBITDA Margin Chart
PSX EBITDA Margin Metrics
EBITDA MARGIN
7.38%
EBITDA MARGIN AVG TTM
5.78%
EBITDA MARGIN AVG 3Y
7.47%
EBITDA MARGIN AVG 5Y
4.77%
EBITDA MARGIN AVG 10Y
5.68%
EBITDA MARGIN AVG 15Y
5.76%
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+27.68%
CURRENT VS 3Y AVG
-1.27%
CURRENT VS 5Y AVG
+54.61%
CURRENT VS 10Y AVG
+29.83%
CURRENT VS 15Y AVG
+28.15%
CURRENT VS 20Y AVG
N/A
PSX Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phillips 66 (PSX) | $67.82B | 7.38% | 5.78% | 7.47% | 4.77% |
| Valero Energy Corporation (VLO)vs › | $70.75B | 5.48% | 5.45% | 7.86% | 6.13% |
| EOG Resources, Inc. (EOG)vs › | $71.11B | 50.08% | 51.70% | 51.77% | 47.63% |
| Marathon Petroleum Corporation (MPC)vs › | $72.36B | 8.80% | 8.21% | 10.74% | 6.07% |
| SLB N.V. (SLB)vs › | $77.32B | 20.01% | 21.13% | 21.98% | 11.82% |
| ONEOK, Inc. (OKE)vs › | $54.03B | 23.16% | 26.82% | 24.48% | 23.45% |
| Occidental Petroleum Corporation (OXY)vs › | $53.02B | 54.05% | 50.50% | 53.36% | 38.52% |
| The Williams Companies, Inc. (WMB)vs › | $87.02B | 62.04% | 62.29% | 61.81% | 56.04% |
| Cameco Corporation (CCJ)vs › | $47.50B | 33.23% | 29.20% | 26.76% | 21.21% |
| Canadian Natural Resources Limited (CNQ)vs › | $88.48B | 49.56% | 47.59% | 45.34% | 44.25% |
Margin Comparison
Gross Margin
7.0%
EBITDA Margin
7.4%
Operating Margin
4.7%
Net Margin
3.0%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Phillips 66 EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Phillips 66 EBITDA Margin FAQ
- What is the EBITDA margin for Phillips 66 (PSX)?
- The EBITDA margin for PSX stock is 7.38%.
- Is Phillips 66's EBITDA margin high or low?
- Phillips 66's EBITDA margin of 7.38% is 55% above its 5-year average of 4.77%, near the high end of its 5-year range (-4.79%–9.94%).
- What is the TTM average EBITDA margin for Phillips 66 (PSX)?
- The TTM average EBITDA margin for PSX stock is 5.78%.
- What is the 3Y average EBITDA margin for Phillips 66 (PSX)?
- The 3Y average EBITDA margin for PSX stock is 7.47%.
- What is the 5Y average EBITDA margin for Phillips 66 (PSX)?
- The 5Y average EBITDA margin for PSX stock is 4.77%.
- What is the 10Y average EBITDA margin for Phillips 66 (PSX)?
- The 10Y average EBITDA margin for PSX stock is 5.68%.
- What is the 15Y average EBITDA margin for Phillips 66 (PSX)?
- The 15Y average EBITDA margin for PSX stock is 5.76%.
Phillips 66 EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 7.38% |
| 2024-12-31 | 4.18% |
| 2023-12-31 | 8.40% |
| 2022-12-31 | 9.94% |
| 2021-12-31 | 3.53% |
| 2020-12-31 | -4.79% |
| 2019-12-31 | 5.58% |
| 2018-12-31 | 8.38% |
| 2017-12-31 | 5.96% |
| 2016-12-31 | 5.21% |
| 2015-12-31 | 8.76% |
| 2014-12-31 | 4.82% |
| 2013-12-31 | 4.29% |
| 2012-12-31 | 4.71% |
| 2011-12-31 | 3.84% |
| 2010-12-31 | 1.40% |
| 2009-12-31 | 1.53% |
Related Metrics
About Phillips 66
Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- Mark E. Lashier