Phillips 66 (PSX) FCF Payout Ratio: 1685.44%
Is Phillips 66’s FCF payout ratio high or low?
Phillips 66's FCF payout ratio of 1685.44% is 3259% above its 5-year average of 50.18%, near the high end of its 5-year range (20.80%–80.70%).
The FCF payout ratio for Phillips 66 (PSX) is 1685.44%. It is above its 12-month average by 2130.42% (75.57%).
PSX FCF Payout Ratio Chart
PSX Average FCF Payout Ratio Chart
PSX Current vs Average FCF Payout Ratio Chart
PSX FCF Payout Ratio Metrics
FCF PAYOUT RATIO
1685.44%
FCF PAYOUT RATIO AVG TTM
75.57%
FCF PAYOUT RATIO AVG 3Y
53.19%
FCF PAYOUT RATIO AVG 5Y
50.18%
FCF PAYOUT RATIO AVG 10Y
178.00%
FCF PAYOUT RATIO AVG 15Y
167.18%
FCF PAYOUT RATIO AVG 20Y
167.18%
CURRENT VS TTM AVG
+2130.42%
CURRENT VS 3Y AVG
+3068.86%
CURRENT VS 5Y AVG
+3259.07%
CURRENT VS 10Y AVG
+846.86%
CURRENT VS 15Y AVG
+908.15%
CURRENT VS 20Y AVG
+908.15%
Payout Ratio Comparison
FCF Payout Ratio
1685.4%
Earnings Payout Ratio
45.6%
Dividend Yield
2.72%
FCF Yield
0.16%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $2.73B | $1.92B | 70.4% |
| 2024 | $2.33B | $1.88B | 80.7% |
| 2023 | $4.61B | $1.88B | 40.8% |
| 2022 | $8.62B | $1.79B | 20.8% |
| 2021 | $4.16B | $1.58B | 38.1% |
| 2020 | ($809.00M) | $1.57B | N/A (Loss) |
| 2019 | $935.00M | $1.57B | 167.9% |
| 2018 | $4.93B | $1.44B | 29.1% |
| 2017 | $1.82B | $1.40B | 76.8% |
| 2016 | $119.00M | $1.28B | 1077.3% |
| 2015 | ($51.00M) | $1.17B | N/A (Loss) |
| 2014 | ($244.00M) | $1.06B | N/A (Loss) |
| 2013 | $4.25B | $807.00M | 19.0% |
| 2012 | $2.58B | $5.54B | 215.0% |
| 2011 | $3.98B | $7.47B | 187.5% |
| 2010 | $942.00M | $1.41B | 149.8% |
| 2009 | ($1.51B) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Phillips 66 FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Phillips 66 FCF Payout Ratio FAQ
- What is the FCF payout ratio for Phillips 66 (PSX)?
- The FCF payout ratio for PSX stock is 1685.44%.
- Is Phillips 66's FCF payout ratio high or low?
- Phillips 66's FCF payout ratio of 1685.44% is 3259% above its 5-year average of 50.18%, near the high end of its 5-year range (20.80%–80.70%).
- What is the TTM average FCF payout ratio for Phillips 66 (PSX)?
- The TTM average FCF payout ratio for PSX stock is 75.57%.
- What is the 3Y average FCF payout ratio for Phillips 66 (PSX)?
- The 3Y average FCF payout ratio for PSX stock is 53.19%.
- What is the 5Y average FCF payout ratio for Phillips 66 (PSX)?
- The 5Y average FCF payout ratio for PSX stock is 50.18%.
- What is the 10Y average FCF payout ratio for Phillips 66 (PSX)?
- The 10Y average FCF payout ratio for PSX stock is 178.00%.
- What is the 15Y average FCF payout ratio for Phillips 66 (PSX)?
- The 15Y average FCF payout ratio for PSX stock is 167.18%.
- What is the 20Y average FCF payout ratio for Phillips 66 (PSX)?
- The 20Y average FCF payout ratio for PSX stock is 167.18%.
Phillips 66 FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 70.43% |
| 2024-12-31 | 80.70% |
| 2023-12-31 | 40.82% |
| 2022-12-31 | 20.80% |
| 2021-12-31 | 38.13% |
| 2019-12-31 | 167.91% |
| 2018-12-31 | 29.10% |
| 2017-12-31 | 76.82% |
| 2016-12-31 | 1077.31% |
| 2013-12-31 | 19.00% |
| 2012-12-31 | 215.03% |
| 2011-12-31 | 187.53% |
| 2010-12-31 | 149.79% |
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