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Screener / SEC EDGAR /CIK 0001534701 /10-K filed Feb 20, 2026, compared with Feb 21, 2025 /Numbers from the XBRL of the 10-Ks
Energy peers:
VLOCVXMPCOKEPSXCOP
NYSE Energy · Oil Refining

Phillips 66 PSX

PSX quote by TradingView
Employees
12,600
Headquarters
Houston, TX
Next results
around Feb 3, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $132.4B through the costs to a net profit of $4.4B · income statement of the 10-K

3% net margin
Revenue to Gross profit: $16.3BRevenue to Cost of revenue: $116.1BGross profit to Net profit: $4.4BGross profit to Costs, tax, other: $11.9B Revenue: $132.4B REVENUE $132.4B −8% Y/Y Gross profit: $16.3B · 12% margin GROSS PROFIT $16.3B 12% margin Cost of revenue: $116.1B · 88% of revenue COST OF REVENUE $116.1B 88% of revenue Net profit: $4.4B · 3% margin NET PROFIT $4.4B 3% margin · +108% Y/Y Costs, tax, other: $11.9B · 9% of revenue COSTS, TAX, OTHER $11.9B 9% of revenue
Gross profit $16.3B 12% margin
Net profit $4.4B 3% margin · +108% Y/Y
The full income statement, year by year

PSX among Energy peers

Six ratios from the latest 10-K. Each corner is the share of 20 peers the company is above, not a score.

Compare
Revenue growth: -7.5%, above 5% of 20 peers (their median 1.8%) REVENUE GROWTH -7.5% · above 5% Gross margin: 15.1%, above 14% of 7 peers (their median 41.8%) GROSS MARGIN 15.1% · above 14% Net margin: 7.5%, above 0% of 20 peers (their median 14.8%) NET MARGIN 7.5% · above 0%
PSX Peer median Below the median

What changed

2 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 20, 2026 against Feb 21, 2025.

Risk factors
2 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Inventory growing faster than revenue
Inventory +27.6% vs revenue -7.5% (+35.1 pts)
10-K · XBRL
Critical audit matters changed
New this year: WRB Refining LP Acquisition (“As discussed in Note 5 to the financial statements, the Company entered into a definitive agreement to acquire the 50% equity interest in WRB Refining LP it did not already own from subsidiaries of Cenovus Energy Inc. The transaction closed on October 1, 2025 and was accounted for as a business comb”). No longer listed: Impairment assessment of WRB Refining LP, an equity method investment
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +27.6% vs revenue -7.5% (+35.1 pts)
  • Critical audit matters changed
    New this year: WRB Refining LP Acquisition (“As discussed in Note 5 to the financial statements, the Company entered into a definitive agreement to acquire the 50% equity interest in WRB Refining LP it did not already own from subsidiaries of Cenovus Energy Inc. The transaction closed on October 1, 2025 and was accounted for as a business comb”). No longer listed: Impairment assessment of WRB Refining LP, an equity method investment
  • Receivables -11.4% vs revenue -7.5% (-3.9 pts)
8 more checks with nothing to note
  • Cash from operations $5.0B vs net income $4.4B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

2 paragraphs in Risk Factors that were not in the 10-K filed Feb 21, 2025. Quoted as filed.

All 2 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    Cybersecurity incidents and other disruptions could compromise our information and systems resulting in disruption of operations, financial loss and reputational harm.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    The regulatory landscape governing cybersecurity continues to evolve, and federal, state and international authorities are increasing their oversight of cybersecurity practices, incident reporting and the protection of critical energy infrastructure. Requirements related to operational technology, supply chain security, data governance…

New risk paragraphs, against peers

Latest 10-K of each, Energy companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$170.0B$147.4B$143.2B$132.4B
Net income$11.0B$7.0B$2.1B$4.4B
Operating cash flow$10.8B$7.0B$4.2B$5.0B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$132.4B ▼ 7.5% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Phillips 66, Houston, TX · from the 10-K filed Feb 20, 2026

Headquarters
Houston, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Employees, at the top of the page: "At December 31, 2025, we had approximately 12,600 employees working toward our mission of providing energy and improving lives and our vision to be the leading integrated downstream energy provider" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 20, 2026 (open at SEC), compared with the 10-K filed Feb 21, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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