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Phillips 66 Valuation Multiples
Discover revenue and EBITDA valuation multiples for Phillips 66 and similar public comparables like Energy Transfer, Marathon Petroleum, ADNOC Gas, TC Energy and more.
Phillips 66 Overview
About Phillips 66
Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 1.9 million barrels per day, or mmb/d, at the end of 2025. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
Founded
2011
HQ
Employees
12.6K
Website
Sectors
Financials (LTM)
EV
$84B
Phillips 66 Financials
Phillips 66 reported last 12-month revenue of $141B and EBITDA of $9B.
In the same LTM period, Phillips 66 generated $14B in gross profit, $9B in EBITDA, and $3B in net income.
Revenue (LTM)
Phillips 66 P&L
In the most recent fiscal year, Phillips 66 reported revenue of $135B and EBITDA of $10B.
Phillips 66 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $141B | XXX | $135B | XXX | XXX | XXX |
| Gross Profit | $14B | XXX | $13B | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $9B | XXX | $10B | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $19B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Phillips 66 Stock Performance
Phillips 66 has current market cap of $65B, and enterprise value of $84B.
Market Cap Evolution
Phillips 66's stock price is $163.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $84B | $65B | 1.2% | XXX | XXX | XXX | $10.98 |
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Start Free TrialPhillips 66 Valuation Multiples
Phillips 66 trades at 0.6x EV/Revenue multiple, and 9.5x EV/EBITDA.
EV / Revenue (LTM)
Phillips 66 Financial Valuation Multiples
As of April 17, 2026, Phillips 66 has market cap of $65B and EV of $84B.
Equity research analysts estimate Phillips 66's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Phillips 66 has a P/E ratio of 19.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $65B | XXX | $65B | XXX | XXX | XXX |
| EV (current) | $84B | XXX | $84B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 9.5x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 13.4x | XXX | XXX | XXX |
| EV/Gross Profit | 6.0x | XXX | 6.5x | XXX | XXX | XXX |
| P/E | 19.7x | XXX | 14.9x | XXX | XXX | XXX |
| EV/FCF | 18.3x | XXX | 19.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Phillips 66 Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Phillips 66 Margins & Growth Rates
Phillips 66's revenue in the last 12 month grew by 9%.
Phillips 66's revenue per employee in the last FY averaged $10.7M, while opex per employee averaged $0.8M for the same period.
Phillips 66's rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Phillips 66's rule of X is 51% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Phillips 66 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $10.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Phillips 66 Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Phillips 66 | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy Transfer | XXX | XXX | XXX | XXX | XXX | XXX |
| Marathon Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Imperial Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Phillips 66 M&A Activity
Phillips 66 acquired XXX companies to date.
Last acquisition by Phillips 66 was on XXXXXXXX, XXXXX. Phillips 66 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Phillips 66
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPhillips 66 Investment Activity
Phillips 66 invested in XXX companies to date.
Phillips 66 made its latest investment on XXXXXXXX, XXXXX. Phillips 66 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Phillips 66
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Phillips 66
| When was Phillips 66 founded? | Phillips 66 was founded in 2011. |
| Where is Phillips 66 headquartered? | Phillips 66 is headquartered in United States. |
| How many employees does Phillips 66 have? | As of today, Phillips 66 has over 12K employees. |
| Who is the CEO of Phillips 66? | Phillips 66's CEO is Mark E. Lashier. |
| Is Phillips 66 publicly listed? | Yes, Phillips 66 is a public company listed on NYSE. |
| What is the stock symbol of Phillips 66? | Phillips 66 trades under PSX ticker. |
| When did Phillips 66 go public? | Phillips 66 went public in 2012. |
| Who are competitors of Phillips 66? | Phillips 66 main competitors are Energy Transfer, Marathon Petroleum, ADNOC Gas, TC Energy. |
| What is the current market cap of Phillips 66? | Phillips 66's current market cap is $65B. |
| What is the current revenue of Phillips 66? | Phillips 66's last 12 months revenue is $141B. |
| What is the current revenue growth of Phillips 66? | Phillips 66 revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Phillips 66? | Current revenue multiple of Phillips 66 is 0.6x. |
| Is Phillips 66 profitable? | Yes, Phillips 66 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Phillips 66? | Phillips 66's last 12 months EBITDA is $9B. |
| What is Phillips 66's EBITDA margin? | Phillips 66's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Phillips 66? | Current EBITDA multiple of Phillips 66 is 9.5x. |
| What is the current FCF of Phillips 66? | Phillips 66's last 12 months FCF is $5B. |
| What is Phillips 66's FCF margin? | Phillips 66's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Phillips 66? | Current FCF multiple of Phillips 66 is 18.3x. |
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