financial statements

The full income statement, balance sheet, and cash-flow statement for Phillips 66 (PSX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	132B YoY-7.5%	143B YoY-2.9%	147B YoY-13.3%	170B YoY+52.5%	111B YoY+73.8%
Cost of revenue	116B YoY-10.7%	130B YoY+1.5%	128B YoY-14.6%	150B YoY+46.8%	102B YoY+76.9%
Research & development	6.00M YoY-60.0%	15.0M YoY-44.4%	27.0M YoY-35.7%	42.0M YoY-10.6%	47.0M YoY-2.1%
Selling, general & administrative	2.44B YoY-13.4%	2.81B YoY+11.4%	2.52B YoY+16.5%	2.17B YoY+24.3%	1.74B YoY+13.0%
Restructuring	—	—	177M YoY+10.6%	160M	—
Amortization of intangibles	138M YoY+160.4%	53.0M YoY+60.6%	33.0M YoY+22.2%	27.0M YoY+3.8%	26.0M YoY-3.7%
Other non-operating income	312M YoY+267.1%	85.0M YoY-33.6%	128M YoY+70.7%	75.0M YoY-3.8%	78.0M YoY+50.0%
Equity-method income	762M YoY-57.2%	1.78B YoY-11.8%	2.02B YoY-32.0%	2.97B YoY+2.2%	2.90B YoY+143.8%
Income tax	892M YoY+78.4%	500M YoY-77.6%	2.23B YoY-31.3%	3.25B YoY+2124.7%	146M YoY+111.7%
	4.40B YoY+108.0%	2.12B YoY-69.8%	7.01B YoY-36.4%	11.0B YoY+737.1%	1.32B YoY+133.1%
Income from continuing operations	4.40B YoY+108.0%	2.12B YoY-69.8%	7.01B YoY-36.4%	11.0B YoY+737.1%	1.32B YoY+133.1%
Net income to non-controlling interest	125M YoY+115.5%	58.0M YoY-74.1%	224M YoY-39.0%	367M YoY+32.5%	277M YoY+6.1%
Net income to common	4.39B YoY+108.5%	2.11B YoY-69.9%	7.00B YoY-36.4%	11.0B YoY+743.3%	1.31B YoY+132.8%
	$10.79 YoY+116.2%	$4.99 YoY-67.8%	$15.48 YoY-33.5%	$23.27 YoY+683.5%	$2.97 YoY+132.8%
EPS (basic)	$10.82 YoY+116.0%	$5.01 YoY-67.8%	$15.56 YoY-33.4%	$23.36 YoY+686.5%	$2.97 YoY+132.8%
Weighted-avg shares (basic)	406M YoY-3.4%	420M YoY-6.7%	450M YoY-4.5%	471M YoY+7.2%	440M YoY+0.1%
Weighted-avg shares (diluted)	408M YoY-3.3%	422M YoY-6.9%	453M YoY-4.3%	474M YoY+7.6%	440M YoY+0.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	17.3B YoY-3.6%	17.9B YoY-10.2%	19.9B YoY-9.0%	21.9B YoY+49.2%	14.7B YoY+10.7%
Cash & equivalents	1.12B YoY-35.8%	1.74B YoY-47.7%	3.32B YoY-45.8%	6.13B YoY+94.9%	3.15B YoY+25.2%
Accounts receivable	9.77B YoY-11.4%	11.0B YoY-5.9%	11.7B YoY+6.8%	11.0B YoY+47.1%	7.47B YoY+14.5%
Inventory	5.10B YoY+27.6%	4.00B YoY+6.5%	3.75B YoY+14.5%	3.28B YoY-3.5%	3.39B YoY-12.8%
Prepaid expenses	1.29B YoY+12.5%	1.14B YoY+0.5%	1.14B YoY-25.5%	1.53B YoY+122.7%	686M YoY+97.7%
	73.7B YoY+1.5%	72.6B YoY-3.9%	75.5B YoY-1.2%	76.4B YoY+37.5%	55.6B YoY+1.6%
Property, plant & equipment	23.0B YoY+0.0%	23.0B YoY+0.0%	23.0B YoY+0.0%	23.0B YoY+0.0%	23.0B YoY+0.0%
Operating lease right-of-use	1.81B YoY+36.9%	1.32B YoY+18.3%	1.12B YoY+12.2%	995M YoY-5.2%	1.05B YoY-13.3%
Goodwill	1.43B YoY-9.0%	1.57B YoY+1.6%	1.55B YoY+4.3%	1.49B YoY+0.1%	1.48B YoY+4.1%
Intangible assets	978M YoY-15.8%	1.16B YoY+26.2%	920M YoY+10.7%	831M YoY+2.2%	813M YoY-3.6%
Other non-current assets	3.00B YoY+30.6%	2.29B YoY+10.5%	2.08B YoY-0.7%	2.09B YoY+23.4%	1.69B YoY-7.8%
	13.3B YoY-11.7%	15.1B YoY-4.8%	15.9B YoY-0.2%	15.9B YoY+24.1%	12.8B YoY+34.5%
Accounts payable	9.92B YoY+0.0%	9.92B YoY+0.0%	9.92B YoY-7.7%	10.7B YoY+40.9%	7.63B YoY+47.5%
Short-term & current debt	1.04B YoY-43.3%	1.83B YoY+23.5%	1.48B YoY+180.2%	529M YoY-64.5%	1.49B YoY+50.9%
Current lease liability	574M YoY+36.3%	421M YoY+16.3%	362M YoY+28.4%	282M YoY-17.8%	343M YoY-7.0%
Other current liabilities	1.38B YoY+18.9%	1.16B YoY-17.7%	1.41B YoY-24.8%	1.88B YoY+95.6%	959M YoY-9.4%
	43.4B YoY-1.5%	44.1B YoY+0.6%	43.9B YoY+3.6%	42.3B YoY+24.7%	34.0B YoY+2.3%
Long-term debt	1.10B YoY+0.0%	1.10B YoY+0.0%	1.10B YoY+0.0%	1.10B YoY+0.0%	1.10B YoY+0.0%
Non-current lease liability	1.30B YoY+38.8%	934M YoY+18.2%	790M YoY+6.0%	745M YoY+2.8%	725M YoY-15.0%
Deferred tax liabilities	7.31B YoY+2.9%	7.10B YoY-4.4%	7.42B YoY+11.3%	6.67B YoY+21.8%	5.47B YoY-3.0%
	29.1B YoY+6.1%	27.4B YoY-10.4%	30.6B YoY+3.7%	29.5B YoY+53.9%	19.2B YoY+1.0%
Common stock	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+0.0%	7.00M YoY+16.7%
Additional paid-in capital	19.9B YoY+0.8%	19.8B YoY+0.7%	19.6B YoY-0.7%	19.8B YoY-3.5%	20.5B YoY+0.6%
Retained earnings	33.2B YoY+8.0%	30.8B YoY+0.7%	30.6B YoY+20.1%	25.4B YoY+56.8%	16.2B YoY-1.7%
Treasury stock	23.9B YoY+5.2%	22.8B YoY+17.6%	19.3B YoY+26.6%	15.3B YoY-10.8%	17.1B YoY+0.0%
Accumulated other comprehensive income	-167M YoY+59.0%	-407M YoY-44.3%	-282M YoY+38.7%	-460M YoY-3.4%	-445M YoY+43.6%
Non-controlling interest	1.15B YoY+8.8%	1.05B YoY-1.1%	1.07B YoY-76.9%	4.61B YoY+86.6%	2.47B YoY-2.7%
Total equity incl. non-controlling	30.2B YoY+6.2%	28.5B YoY-10.1%	31.6B YoY-7.2%	34.1B YoY+57.6%	21.6B YoY+0.5%
Total liabilities & equity	73.7B YoY+1.5%	72.6B YoY-3.9%	75.5B YoY-1.2%	76.4B YoY+37.5%	55.6B YoY+1.6%
Common shares issued	659M YoY+0.4%	657M YoY+0.3%	655M YoY+0.4%	652M YoY+0.4%	650M YoY+0.2%
Shares outstanding (cover)	403M YoY-2.4%	413M YoY-6.1%	440M YoY-6.9%	473M YoY+7.9%	438M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.96B YoY+18.4%	4.19B YoY-40.4%	7.03B YoY-35.0%	10.8B YoY+79.7%	6.02B YoY+185.0%
Depreciation & amortization	3.25B YoY+37.6%	2.36B YoY+19.5%	1.98B YoY+21.4%	1.63B YoY+1.5%	1.60B YoY+15.1%
Deferred income taxes	178M YoY+170.9%	-251M YoY-129.9%	840M YoY-36.4%	1.32B YoY+585.3%	-272M YoY-315.9%
Change in inventory	-160M YoY-157.6%	278M YoY+13.5%	245M YoY+431.1%	-74.0M YoY+85.5%	-511M YoY-819.7%
Change in payables	-804M YoY-63.7%	-491M YoY-2.3%	-480M YoY-127.6%	1.74B YoY-40.6%	2.92B YoY+201.3%
	-2.10B YoY+14.9%	-2.46B YoY-37.6%	-1.79B YoY-20.3%	-1.49B YoY+20.5%	-1.87B YoY+39.2%
Acquisitions	3.50B YoY+459.7%	625M YoY+137.6%	263M YoY-14.1%	306M	—
Other investing activities	-24.0M YoY-123.5%	102M YoY+391.4%	-35.0M YoY-450.0%	10.0M YoY+600.0%	-2.00M YoY-101.5%
	-3.54B YoY-7.0%	-3.31B YoY+59.2%	-8.09B YoY-26.7%	-6.39B YoY-84.1%	-3.47B YoY-293.7%
Common stock issued	107M YoY+24.4%	86.0M YoY-30.1%	123M YoY+19.4%	103M YoY+296.2%	26.0M YoY+225.0%
Common stock repurchased	1.21B YoY-65.0%	3.45B YoY-14.0%	4.01B YoY+165.3%	1.51B	0.00 YoY-100.0%
Dividends paid	1.92B YoY+2.1%	1.88B YoY+0.0%	1.88B YoY+5.0%	1.79B YoY+13.1%	1.58B YoY+0.6%
Other financing activities	-104M YoY+13.3%	-120M YoY-23.7%	-97.0M YoY-38.6%	-70.0M YoY-34.6%	-52.0M YoY-33.3%
FX effect on cash	50.0M YoY+725.0%	-8.00M YoY-118.6%	43.0M YoY-12.2%	49.0M YoY+216.7%	-42.0M YoY-154.5%
Net change in cash	-622M YoY+60.8%	-1.58B YoY+43.6%	-2.81B YoY-194.1%	2.99B YoY+371.7%	633M YoY-29.7%
Interest paid	972M YoY+7.9%	901M YoY+10.4%	816M YoY+42.7%	572M YoY+4.2%	549M YoY+14.9%
Income taxes paid	200M YoY-83.1%	1.19B YoY-15.1%	1.40B YoY-32.5%	2.07B YoY+294.5%	-1.06B YoY-1134.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	52.0B YoY+10.5%	47.1B YoY-19.7%	58.6B YoY+19.1%	49.2B YoY+55.0%	31.7B YoY+3.9%
P/E	11.8× YoY-46.9%	22.2× YoY+189.9%	7.7× YoY+62.3%	4.7× YoY-80.4%	24.1×
P/S	0.4× YoY+19.5%	0.3× YoY-16.2%	0.4× YoY+29.4%	0.3× YoY+6.4%	0.3× YoY-40.2%
P/B	1.8× YoY+4.1%	1.7× YoY-9.7%	1.9× YoY+9.1%	1.7× YoY+5.2%	1.7× YoY+2.9%
P/FCF	10.5× YoY-6.7%	11.2× YoY+83.8%	6.1× YoY-2.4%	6.3× YoY+18.6%	5.3× YoY-63.5%
Earnings yield	8.5% YoY+88.2%	4.5% YoY-65.5%	13.0% YoY-38.4%	21.2% YoY+410.2%	4.1%
FCF yield	9.5% YoY+7.1%	8.9% YoY-45.6%	16.4% YoY+2.4%	16.0% YoY-15.7%	19.0% YoY+174.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PSX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PSX filings on SEC EDGAR → Not investment advice.

PSX▼ financial statements

About this data

financial statements