Phillips 66 (PSX) Return on Invested Capital (ROIC): 4.75%
Is Phillips 66’s return on invested capital (ROIC) high or low?
Phillips 66's return on invested capital (ROIC) of 4.75% is in line with its 5-year average of 5.11%, around the middle of its 5-year range (-2.96%–12.83%).
The return on invested capital (ROIC) for Phillips 66 (PSX) is 4.75% as of Wednesday, June 10, 2026. It is above its 12-month average by 19.65% (3.97%).
PSX Return on Invested Capital (ROIC) Chart
PSX Average Return on Invested Capital (ROIC) Chart
PSX Current vs Average Return on Invested Capital (ROIC) Chart
PSX Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
4.75%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
3.97%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
7.78%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
5.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.39%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
5.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.81%
CURRENT VS TTM AVG
+19.65%
CURRENT VS 3Y AVG
-38.93%
CURRENT VS 5Y AVG
-7.11%
CURRENT VS 10Y AVG
-11.89%
CURRENT VS 15Y AVG
-7.89%
CURRENT VS 20Y AVG
-1.33%
PSX Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phillips 66 (PSX) | $72.86B | 4.75% | 3.97% | 7.78% | 5.11% |
| EOG Resources, Inc. (EOG) | $74.71B | 58.12% | 36.44% | 28.12% | 20.84% |
| Valero Energy Corporation (VLO) | $76.63B | 7.12% | 6.89% | 15.02% | 10.37% |
| Marathon Petroleum Corporation (MPC) | $76.89B | 7.03% | 7.14% | 12.45% | 6.94% |
| SLB N.V. (SLB) | $82.98B | 10.34% | 12.04% | 11.73% | 9.77% |
| ONEOK, Inc. (OKE) | $57.06B | 8.62% | 7.46% | 8.21% | 8.27% |
| Occidental Petroleum Corporation (OXY) | $56.79B | 3.15% | 4.32% | 8.73% | 6.32% |
| Antero Midstream Corporation (AM) | $10.32B | 8.18% | 8.25% | 7.88% | 6.27% |
| Helmerich & Payne, Inc. (HP) | $3.93B | 3.92% | 4.98% | 5.10% | 0.49% |
| enCore Energy Corp. (EU) | $249.59M | -21.47% | -19.41% | -15.75% | -12.72% |
Capital Efficiency
ROIC
4.8%
ROE
14.4%
Phillips 66 Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Phillips 66 Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Phillips 66 (PSX)?
- The return on invested capital (ROIC) for PSX stock is 4.75%.
- Is Phillips 66's return on invested capital (ROIC) high or low?
- Phillips 66's return on invested capital (ROIC) of 4.75% is in line with its 5-year average of 5.11%, around the middle of its 5-year range (-2.96%–12.83%).
- What is the TTM average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The TTM average return on invested capital (ROIC) for PSX stock is 3.97%.
- What is the 3Y average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The 3Y average return on invested capital (ROIC) for PSX stock is 7.78%.
- What is the 5Y average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The 5Y average return on invested capital (ROIC) for PSX stock is 5.11%.
- What is the 10Y average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The 10Y average return on invested capital (ROIC) for PSX stock is 5.39%.
- What is the 15Y average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The 15Y average return on invested capital (ROIC) for PSX stock is 5.16%.
- What is the 20Y average return on invested capital (ROIC) for Phillips 66 (PSX)?
- The 20Y average return on invested capital (ROIC) for PSX stock is 4.81%.
Phillips 66 Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.75% |
| 2024-12-31 | 3.19% |
| 2023-12-31 | 10.34% |
| 2022-12-31 | 12.83% |
| 2021-12-31 | 2.53% |
| 2020-12-31 | -2.96% |
| 2019-12-31 | 5.47% |
| 2018-12-31 | 8.75% |
| 2017-12-31 | 4.55% |
| 2016-12-31 | 2.69% |
| 2015-12-31 | 7.16% |
| 2014-12-31 | 4.65% |
| 2013-12-31 | 4.45% |
| 2012-12-31 | 7.89% |
| 2011-12-31 | 4.29% |
| 2010-12-31 | 1.93% |
| 2009-12-31 | -0.67% |
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