Explain this page
Arphra AIPlain-English read on Phillips 66’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $111.94B | $170.12B | $147.26B | $143.12B | $132.19B | $159.31B | $147.66B | $146.19B | $173.4B |
| Cost of revenue | $108.57B | $157.35B | $135.98B | $138.26B | $125.7B | $146.98B | $136.59B | $142.56B | $167.63B |
| Gross profit | $3.38B | $12.77B | $11.29B | $4.86B | $6.49B | $8.7B | $7.83B | $7.6B | $9.03B |
| Gross margin | +3.02% | +7.51% | +7.66% | +3.40% | +4.91% | +5.46% | +5.30% | +5.20% | +5.21% |
| Operating | |||||||||
| Research & development | $47M | $42M | $27M | $15M | $6M | $17.58M | $16.01M | $16.31M | $19.38M |
| Selling, general & administrative | $1.7B | $2.13B | $2.28B | $2.19B | $2.17B | $2.57B | $2.29B | $2.25B | $2.76B |
| Total operating expenses | $2.15B | $2.7B | $3.02B | $2.54B | $2.97B | $3.15B | $2.91B | $2.96B | $3.45B |
| Operating income | $1.23B | $10.07B | $8.27B | $2.32B | $3.52B | $5.27B | $4.73B | $4.84B | $5.81B |
| Operating margin | +1.09% | +5.92% | +5.61% | +1.62% | +2.66% | +3.31% | +3.20% | +3.31% | +3.35% |
| EBITDA | $3.95B | $16.91B | $12.37B | $5.99B | $9.76B | $10.83B | $9.93B | $9.86B | $11.65B |
| EBIT | $2.32B | $15.26B | $10.37B | $3.58B | $6.46B | $7.73B | $6.9B | $7.18B | $8.33B |
| Below the line | |||||||||
| Interest expense | $581M | $619M | $897M | $907M | $1.04B | $1.08B | $995.14M | $1B | $1.15B |
| Interest income | $11M | $82M | $269M | $158M | $141M | $212.33M | $196.36M | $197.27M | $229.84M |
| Other income / expense | $515M | $4.57B | $1.2B | $350.1M | $1.9B | — | — | — | — |
| Pre-tax income | $1.74B | $14.64B | $9.47B | $2.68B | $5.42B | $6.77B | $6.27B | $6.21B | $7.36B |
| Income tax expense | $146M | $3.25B | $2.23B | $500M | $892M | $1.26B | $1.18B | $1.2B | $1.38B |
| Earnings | |||||||||
| Net income | $1.32B | $11.02B | $7B | $2.12B | $4.4B | $5.2B | $4.66B | $4.64B | $5.38B |
| Net income · continuing ops | $1.59B | $11.39B | $7.24B | $2.18B | $4.53B | $5.16B | $4.77B | $4.94B | $5.74B |
| Net margin | +1.17% | +6.48% | +4.76% | +1.48% | +3.33% | +3.27% | +3.16% | +3.17% | +3.10% |
| EPS · basic | $2.97 | $23.36 | $15.56 | $5.01 | $10.84 | $17.67 | $17.34 | $15.83 | $24.47 |
| EPS · diluted | $2.97 | $23.27 | $15.45 | $4.99 | $10.79 | $17.42 | $17.03 | $15.91 | $24.25 |
| EPS · low estimate | — | — | — | — | — | $12.94 | $13.36 | $15.27 | $18.78 |
| EPS · high estimate | — | — | — | — | — | $19.45 | $21.50 | $16.45 | $30.72 |
| Shares · basic | 440.03M | 471.5M | 450.14M | 420.17M | 406.01M | 408.36M | 407.96M | 409.39M | 403.48M |
| Shares · diluted | 440.36M | 473.73M | 453.21M | 421.89M | 408.05M | 407.69M | 405.48M | 407.82M | 408.24M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 6 | 6 | 3 | 2 |
| Analysts (EPS) | — | — | — | — | — | 10 | 11 | 3 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro