PerpEquities

Equity · Energy

Is Phillips 66 (PSX) tradable as a perp? Not yet

Phillips 66 is a diversified energy company operating in midstream, chemicals, refining, and marketing, headquartered in Houston, Texas.

Not yet listed on any perp exchange

No perpetual-futures venue lists PSX yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
VLOMPCPBRBESLBOXY

Price chart

Interactive TradingView chart

TradingView symbol NYSE:PSX

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Company data

Company fundamentals

Updated 5h ago
Market cap
$109.5B
Updated 5h ago
Revenue
$153.6B
Trailing 12 months
Revenue growth
+27%
Next fiscal year
Profit margin
+4.6%
P/E
15.5
Peer P/E 17.3
Free cash flow
$6.4B
Trailing 12 months
More metrics
Net income
$7.1B
Trailing 12 months
P/S
0.7
Peer P/E
17.3
Similar listed perps
Revenue estimate
$168.1B
Next fiscal year
Earnings
2026-10-28
Revenue est. $41.6B · Updated 5h ago
Dividend
$1.27
2026-08-18

Fundamental detail

Annual + quarterly
Latest revenue$132.2B
Net margin+3.3%
Free cash flow$2.7B
Net debt$21.8B
2020$63.7B
2021$111.9B
2022$170.1B
2023$147.3B
2024$143.1B
2025$132.2B
PeriodRevenueGrowthNet incomeFCF
2020$63.7B-41%-$4B-$809M
2021$111.9B+76%$1.3B$4.2B
2022$170.1B+52%$11B$8.6B
2023$147.3B-13%$7B$4.6B
2024$143.1B-3%$2.1B$2.3B
2025$132.2B-8%$4.4B$2.7B
PeriodGross marginOperating marginNet marginROEROA
2020+0.3%-2.9%-6.3%-21.0%-7.3%
2021+3.0%+1.1%+1.2%+6.9%+2.4%
2022+7.5%+5.9%+6.5%+37.4%+14.4%
2023+7.7%+5.6%+4.8%+22.9%+9.3%
2024+3.4%+1.6%+1.5%+7.7%+2.9%
2025+4.9%+2.7%+3.3%+15.1%+6.0%
PeriodCashDebtNet debtCurrent ratio
2020$2.5B$16.2B$13.6B1.39
2021$3.1B$14.7B$11.6B1.15
2022$6.1B$17.2B$11.1B1.38
2023$3.3B$19.4B$16B1.26
2024$1.7B$20.1B$18.3B1.19
2025$1.1B$22.9B$21.8B1.30
PeriodMarket capEnterprise valueP/SP/E
2020$30.7B$44.4B0.5-7.7
2021$31.9B$43.5B0.324.4
2022$49.1B$60.1B0.34.5
2023$59.9B$76B0.48.6
2024$47.9B$66.2B0.322.7
2025$52.4B$74.2B0.411.9
Q3 2024$35.3B
Q4 2024$33.7B
Q1 2025$30.5B
Q2 2025$33.2B
Q3 2025$34.5B
Q4 2025$34B
Q1 2026$34.1B
Q2 2026$51B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$35.3B-12%$346M$774M
Q4 2024$33.7B-11%$8M$692M
Q1 2025$30.5B-15%$487M-$236M
Q2 2025$33.2B-13%$877M$258M
Q3 2025$34.5B-2%$133M$637M
Q4 2025$34B+1%$2.9B$2.1B
Q1 2026$34.1B+12%$207M-$2.8B
Q2 2026$51B+54%$3.8B$6.5B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+2.3%-1.2%+1.0%+1.2%+0.5%
Q4 2024+1.8%+0.1%0.0%0.0%0.0%
Q1 2025+1.9%-0.5%+1.6%+1.8%+0.7%
Q2 2025+5.7%+3.3%+2.6%+3.2%+1.2%
Q3 2025+5.5%+2.6%+0.4%+0.5%+0.2%
Q4 2025+6.3%+4.4%+8.5%+10.0%+3.9%
Q1 2026+10.6%+8.4%+0.6%+0.7%+0.2%
Q2 2026+14.4%+9.8%+7.5%+12.2%+4.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.6B$20B$18.4B1.21
Q4 2024$1.7B$20.1B$18.3B1.19
Q1 2025$1.5B$18.8B$17.3B1.23
Q2 2025$1.1B$20.9B$19.9B1.07
Q3 2025$1.8B$21.8B$19.9B1.23
Q4 2025$1.1B$22.9B$21.8B1.30
Q1 2026$5.2B$27.1B$22B1.13
Q2 2026$4.1B$20.6B$16.5B1.32
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$54.9B$73.2B1.640.1
Q4 2024$47.5B$65.9B1.41,950.9
Q1 2025$50.5B$67.8B1.725.9
Q2 2025$48.5B$68.4B1.513.9
Q3 2025$55B$74.9B1.6106.3
Q4 2025$52B$73.8B1.54.5
Q1 2026$73.2B$95.2B2.189.3
Q2 2026$67.8B$84.2B1.34.4

Refreshed 5h ago

Charts: revenue, profit, cash flow & valuation
Revenue$51BQ2 2026
$12.8B$25.5B$38.3B$51BQ3 2023: $40BQ4 2023: $38.1BQ1 2024: $36BQ2 2024: $38.1BQ3 2024: $35.3BQ4 2024: $33.7BQ1 2025: $30.5BQ2 2025: $33.2BQ3 2025: $34.5BQ4 2025: $34BQ1 2026: $34.1BQ2 2026: $51BQ3 2023Q2 2026
Net income$3.8BQ2 2026
$961.8M$1.9B$2.9B$3.8BQ3 2023: $2.1BQ4 2023: $1.3BQ1 2024: $748MQ2 2024: $1BQ3 2024: $346MQ4 2024: $8MQ1 2025: $487MQ2 2025: $877MQ3 2025: $133MQ4 2025: $2.9BQ1 2026: $207MQ2 2026: $3.8BQ3 2023Q2 2026
EBITDA$5.9BQ2 2026
$1.5B$2.9B$4.4B$5.9BQ3 2023: $3.5BQ4 2023: $2.5BQ1 2024: $1.7BQ2 2024: $2BQ3 2024: $1.2BQ4 2024: $1BQ1 2025: $1.7BQ2 2025: $2.2BQ3 2025: $1.3BQ4 2025: $4.6BQ1 2026: $1.1BQ2 2026: $5.9BQ3 2023Q2 2026
Free cash flow$6.5BQ2 2026
-$501.3M$1.8B$4.2B$6.5BQ3 2023: $1.8BQ4 2023: $1.6BQ1 2024: -$864MQ2 2024: $1.7BQ3 2024: $774MQ4 2024: $692MQ1 2025: -$236MQ2 2025: $258MQ3 2025: $637MQ4 2025: $2.1BQ1 2026: -$2.8BQ2 2026: $6.5BQ3 2023Q2 2026
EPS$9.55Q2 2026
$2.39$4.78$7.16$9.55Q3 2023: $4.69Q4 2023: $2.85Q1 2024: $1.73Q2 2024: $2.38Q3 2024: $0.82Q4 2024: $0.01Q1 2025: $1.18Q2 2025: $2.15Q3 2025: $0.32Q4 2025: $7.17Q1 2026: $0.51Q2 2026: $9.55Q3 2023Q2 2026
Cash / Debt$4.1BQ2 2026
$6.8B$13.6B$20.3B$27.1BQ3 2023 · Cash: $3.5BQ3 2023 · Debt: $19.4BQ4 2023 · Cash: $3.3BQ4 2023 · Debt: $19.4BQ1 2024 · Cash: $1.6BQ1 2024 · Debt: $20.2BQ2 2024 · Cash: $2.4BQ2 2024 · Debt: $20BQ3 2024 · Cash: $1.6BQ3 2024 · Debt: $20BQ4 2024 · Cash: $1.7BQ4 2024 · Debt: $20.1BQ1 2025 · Cash: $1.5BQ1 2025 · Debt: $18.8BQ2 2025 · Cash: $1.1BQ2 2025 · Debt: $20.9BQ3 2025 · Cash: $1.8BQ3 2025 · Debt: $21.8BQ4 2025 · Cash: $1.1BQ4 2025 · Debt: $22.9BQ1 2026 · Cash: $5.2BQ1 2026 · Debt: $27.1BQ2 2026 · Cash: $4.1BQ2 2026 · Debt: $20.6BQ3 2023Q2 2026
CashDebt
Profitability+14.4%Q2 2026
+2.7%+6.6%+10.5%+14.4%Q3 2023 · Gross margin: +10.1%Q4 2023 · Gross margin: +5.3%Q1 2024 · Gross margin: +5.3%Q2 2024 · Gross margin: +4.0%Q3 2024 · Gross margin: +2.3%Q4 2024 · Gross margin: +1.8%Q1 2025 · Gross margin: +1.9%Q2 2025 · Gross margin: +5.7%Q3 2025 · Gross margin: +5.5%Q4 2025 · Gross margin: +6.3%Q1 2026 · Gross margin: +10.6%Q2 2026 · Gross margin: +14.4%Q3 2023 · Operating margin: +8.1%Q4 2023 · Operating margin: +3.3%Q1 2024 · Operating margin: +3.3%Q2 2024 · Operating margin: +2.4%Q3 2024 · Operating margin: -1.2%Q4 2024 · Operating margin: +0.1%Q1 2025 · Operating margin: -0.5%Q2 2025 · Operating margin: +3.3%Q3 2025 · Operating margin: +2.6%Q4 2025 · Operating margin: +4.4%Q1 2026 · Operating margin: +8.4%Q2 2026 · Operating margin: +9.8%Q3 2023 · Net margin: +5.2%Q4 2023 · Net margin: +3.3%Q1 2024 · Net margin: +2.1%Q2 2024 · Net margin: +2.7%Q3 2024 · Net margin: +1.0%Q4 2024 · Net margin: 0.0%Q1 2025 · Net margin: +1.6%Q2 2025 · Net margin: +2.6%Q3 2025 · Net margin: +0.4%Q4 2025 · Net margin: +8.5%Q1 2026 · Net margin: +0.6%Q2 2026 · Net margin: +7.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+53.7%Q2 2026
+1.9%+19.2%+36.5%+53.7%Q3 2024: -11.7%Q4 2024: -11.4%Q1 2025: -15.3%Q2 2025: -12.9%Q3 2025: -2.2%Q4 2025: +0.9%Q1 2026: +11.7%Q2 2026: +53.7%Q3 2023Q2 2026
Shares outstanding402.6MQ2 2026
111.8M223.6M335.4M447.3MQ3 2023: 447.3MQ4 2023: 440.6MQ1 2024: 431.9MQ2 2024: 425.7MQ3 2024: 418.8MQ4 2024: 418.8MQ1 2025: 410.5MQ2 2025: 407.9MQ3 2025: 405.5MQ4 2025: 405.1MQ1 2026: 403.3MQ2 2026: 402.6MQ3 2023Q2 2026
Valuation4.4Q2 2026
487.7975.41,463.11,950.9Q3 2023 · P/E: 6.4Q4 2023 · P/E: 11.6Q1 2024 · P/E: 23.5Q2 2024 · P/E: 14.7Q3 2024 · P/E: 40.1Q4 2024 · P/E: 1,950.9Q1 2025 · P/E: 25.9Q2 2025 · P/E: 13.9Q3 2025 · P/E: 106.3Q4 2025 · P/E: 4.5Q1 2026 · P/E: 89.3Q2 2026 · P/E: 4.4Q3 2023 · P/S: 1.3Q4 2023 · P/S: 1.5Q1 2024 · P/S: 1.9Q2 2024 · P/S: 1.6Q3 2024 · P/S: 1.6Q4 2024 · P/S: 1.4Q1 2025 · P/S: 1.7Q2 2025 · P/S: 1.5Q3 2025 · P/S: 1.6Q4 2025 · P/S: 1.5Q1 2026 · P/S: 2.1Q2 2026 · P/S: 1.3Q3 2023Q2 2026
P/EP/S
Revenue$132.2B2025
$42.5B$85.1B$127.6B$170.1B2018: $111.3B2019: $107.4B2020: $63.7B2021: $111.9B2022: $170.1B2023: $147.3B2024: $143.1B2025: $132.2B20182025
Net income$4.4B2025
-$231.3M$3.5B$7.3B$11B2018: $5.6B2019: $3.1B2020: -$4B2021: $1.3B2022: $11B2023: $7B2024: $2.1B2025: $4.4B20182025
EBITDA$9.8B2025
$1.9B$6.9B$11.9B$16.9B2018: $9.3B2019: $6B2020: -$3B2021: $4B2022: $16.9B2023: $12.4B2024: $6B2025: $9.8B20182025
Free cash flow$2.7B2025
$1.5B$3.9B$6.3B$8.6B2018: $4.9B2019: $935M2020: -$809M2021: $4.2B2022: $8.6B2023: $4.6B2024: $2.3B2025: $2.7B20182025
EPS$10.82025
-$0.98$7.1$15.2$23.32018: $11.82019: $6.772020: -$9.062021: $2.972022: $23.32023: $15.52024: $4.992025: $10.820182025
Cash / Debt$1.1B2025
$5.7B$11.4B$17.2B$22.9B2018 · Cash: $3B2018 · Debt: $11.2B2019 · Cash: $1.6B2019 · Debt: $12B2020 · Cash: $2.5B2020 · Debt: $16.2B2021 · Cash: $3.1B2021 · Debt: $14.7B2022 · Cash: $6.1B2022 · Debt: $17.2B2023 · Cash: $3.3B2023 · Debt: $19.4B2024 · Cash: $1.7B2024 · Debt: $20.1B2025 · Cash: $1.1B2025 · Debt: $22.9B20182025
CashDebt
Profitability+4.9%2025
-2.8%+0.7%+4.2%+7.7%2018 · Gross margin: +6.4%2019 · Gross margin: +4.9%2020 · Gross margin: +0.3%2021 · Gross margin: +3.0%2022 · Gross margin: +7.5%2023 · Gross margin: +7.7%2024 · Gross margin: +3.4%2025 · Gross margin: +4.9%2018 · Operating margin: +4.5%2019 · Operating margin: +3.0%2020 · Operating margin: -2.9%2021 · Operating margin: +1.1%2022 · Operating margin: +5.9%2023 · Operating margin: +5.6%2024 · Operating margin: +1.6%2025 · Operating margin: +2.7%2018 · Net margin: +5.0%2019 · Net margin: +2.9%2020 · Net margin: -6.3%2021 · Net margin: +1.2%2022 · Net margin: +6.5%2023 · Net margin: +4.8%2024 · Net margin: +1.5%2025 · Net margin: +3.3%20182025
Gross marginOperating marginNet margin
Revenue growth-7.6%2025
-11.6%+17.5%+46.6%+75.8%2019: -3.4%2020: -40.7%2021: +75.8%2022: +52.0%2023: -13.4%2024: -2.8%2025: -7.6%20182025
Shares outstanding408.1M2025
118.5M237M355.5M474M2018: 474M2019: 453.9M2020: 439.5M2021: 440.4M2022: 473.7M2023: 453.2M2024: 421.9M2025: 408.1M20182025
Valuation11.92025
0.38.316.424.42018 · P/E: 7.22019 · P/E: 16.42020 · P/E: -7.72021 · P/E: 24.42022 · P/E: 4.52023 · P/E: 8.62024 · P/E: 22.72025 · P/E: 11.92018 · P/S: 0.42019 · P/S: 0.52020 · P/S: 0.52021 · P/S: 0.32022 · P/S: 0.32023 · P/S: 0.42024 · P/S: 0.32025 · P/S: 0.420182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202628.03$168.1B+27%11
FY 202725.45$155.4B+18%11
FY 202819.58$158B+20%4
FY 202926.03$173.4B+31%1
FY 203026.00$185.6B+40%1
Q1 20276.07$35.9B+5%4

Company events

6
2026-10-28EarningsActual - / Estimate 10.61-
2026-08-18Dividend$1.27-
2026-08-05EarningsActual 9.41 / Estimate 7.5Beat
2026-05-18Dividend$1.27-
2026-04-29EarningsActual 0.49 / Estimate -0.54Beat
2026-02-23Dividend$1.27-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
VLO$119B0.917.1+5.4%1MPC$124B0.814.6+5.6%1PBR$134B1.34.8+24.5%1BE$78.2B25.1317.8+7.9%24SLB$75.9B2.124.6+8.5%1OXY$58.5B2.38.8+28.8%2COP$160.6B2.517.4+14.7%4LNG$56.2B2.519.9+13.1%1

Analyst track record

How the analysts covering PSX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings134371
Analysts2326
Buy / hold / sell67 / 67 / 0202 / 169 / 0
Upgrades / downgrades / initiations2 / 1 / 34 / 7 / 8
Price targets hit / missed127 / 6 (95%)346 / 6 (98%)
Avg. return after a rating (TipRanks)+59.2%+79.1%
Best / worst call+149.3% / -18.2%+158.7% / -18.2%

After buy calls on this stock: median 21-day move +1.8% vs S&P 500 +1.3% (n = 203)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Paul ChengScotiabank85% hit rate on this stock · 13 targets measuredHoldtarget $140Mar 20, 2026
  2. Jason GabelmanTD Cowen71% hit rate on this stock · 17 targets measuredBuytarget $255Aug 6, 2026
  3. John RoyallPiper Sandler69% hit rate on this stock · 13 targets measuredHoldtarget $264Sep 3, 2026

Latest ratings

DateAnalystCallTarget
Sep 17, 2026Phillip JungwirthBMO CapitalBuyReiterated$310article ↗
Sep 14, 2026Manav GuptaUBSBuyMaintained$300article ↗
Sep 14, 2026Justin JenkinsRaymond JamesBuyMaintained$300article ↗
Sep 14, 2026Justin JenkinsRaymond JamesBuyMaintained$300article ↗
Sep 14, 2026Joe LaetschMorgan StanleyBuyReiterated$284article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$120$140$160$180$200$220$240$260$280Oct 25 · Buy 9 · Hold 9 · Sell 0Oct 25Nov 25 · Buy 8 · Hold 11 · Sell 0Dec 25 · Buy 8 · Hold 11 · Sell 0Dec 25Jan 26 · Buy 7 · Hold 10 · Sell 0Feb 26 · Buy 7 · Hold 10 · Sell 0Feb 26Mar 26 · Buy 7 · Hold 11 · Sell 0Apr 26 · Buy 9 · Hold 11 · Sell 0Apr 26May 26 · Buy 11 · Hold 9 · Sell 0Jun 26 · Buy 11 · Hold 9 · Sell 0Jun 26Jul 26 · Buy 11 · Hold 10 · Sell 0Aug 26 · Buy 12 · Hold 9 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 8 · Sell 0Oct 25 · avg. target $146Nov 25 · avg. target $146Dec 25 · avg. target $147Jan 26 · avg. target $147Feb 26 · avg. target $154Mar 26 · avg. target $163Apr 26 · avg. target $175May 26 · avg. target $185Jun 26 · avg. target $186Jul 26 · avg. target $197Aug 26 · avg. target $209Sep 26 · avg. target $240Oct 25 · month-end close $136Nov 25 · month-end close $137Dec 25 · month-end close $129Jan 26 · month-end close $144Feb 26 · month-end close $154Mar 26 · month-end close $182Apr 26 · month-end close $179May 26 · month-end close $176Jun 26 · month-end close $169Jul 26 · month-end close $212Aug 26 · month-end close $247Sep 26 · month-end close $274

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 134 ratings