Phillips 66XSWX:PSX +0.02%68 Pretax Margin % is 0.80% as of Mar. 2026, which is 78% below its 10-year median of 3.68. GuruFocus rates XSWX:PSX with a GF Score™ of 68/100 and a GF Value™ of CHF109.85. The stock has 6 warning signs investors should review. Among 916 Oil & Gas companies, Phillips 66 ranks worse than 54.48% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Phillips 66's Pre-Tax Income for the
three
months ended in Mar. 2026 was CHF205 Mil. Phillips 66's Revenue for the
three
months ended in Mar. 2026 was CHF25,619 Mil. Therefore, Phillips 66's pretax margin for the quarter that ended in Mar. 2026 was 0.80%.
The historical rank and industry rank for Phillips 66's Pretax Margin % or its related term are showing as below:
XSWX:PSX'
s Pretax Margin % Range Over the Past 10 Years
Min: -7.74 Med: 3.68 Max: 8.61
Current: 3.74
XSWX:PSX's Pretax Margin % is ranked worse than 54.48% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs XSWX:PSX: 3.74
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Phillips 66 Pretax Margin % Related Terms
Phillips 66 Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Phillips 66's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:PSX vs MPC, VLO, DINO: Pretax Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phillips 66 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Phillips 66's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Phillips 66 (XSWX:PSX) has a Pretax Margin % of 0.80% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Phillips 66 and its competitors. This is 78% below median its historical median of 3.68. According to the industry distribution chart, Phillips 66 ranks #499 out of 916 companies in the Oil & Gas industry, placing it in the top 54.5%.
Is Phillips 66's Pretax Margin % too high?
Phillips 66's current Pretax Margin % of 0.80% is 78% below median its 10-year median of 3.68. The Oil & Gas industry median Pretax Margin % is 5.17. Phillips 66's value of 0.80% is 84.5% below this industry median. Based on the distribution chart, Phillips 66 ranks #499 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Phillips 66 has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's Pretax Margin % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #499 out of 916 companies for Pretax Margin %. This places Phillips 66 in the lower half of its industry. The industry median Pretax Margin % is 5.17. Phillips 66's value of 0.80% is 84.5% below this benchmark. While the company's 10-year median is 3.68 vs. the industry median of 5.17, Phillips 66 has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current Pretax Margin % of 0.80% is 84.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Phillips 66 and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current Pretax Margin % is 0.80%, which is 78% below median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips 66 stock overvalued right now?
Phillips 66 (XSWX:PSX) has a current Pretax Margin % of 0.80%. The stock's GF Value™ is CHF109.85, compared to a current price of CHF138.77 — trading 26.3% above its estimated fair value. The current Pretax Margin % is 0.80%, which is 78% below median its 10-year median of 3.68 and 84.5% below the Oil & Gas industry median of 5.17. Phillips 66's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Phillips 66 (XSWX:PSX), the current Pretax Margin % is 0.80% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Phillips 66 (XSWX:PSX) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips 66 stock appears to be overvalued.
The current stock price of CHF138.77 is trading 26.3% above its estimated GF Value™ of CHF109.85.
Key valuation signals for XSWX:PSX:
Pretax Margin %: 0.80% (78% below median its 10-year median of 3.68)
GF Value™: CHF109.85 vs. price of CHF138.77 (26.3% above fair value)
Industry Position: 84.5% below the Oil & Gas median (#499 of 916)
No single metric tells the full story. See the XSWX:PSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 2.0 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.
68GF Score
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