Phillips 66 vs Valero Energy
Phillips 66 and Valero Energy are similar in size: $132.38bn and $122.69bn of revenue in their latest fiscal years. Valero Energy grew faster (-5.5% against -7.5%). Phillips 66 kept more of each dollar of sales as profit: a net margin of 3.3% against 1.9%. Valero Energy carries less debt relative to equity (44.8% against 67.8%).
| Latest fiscal year | Phillips 66PSX, 2025 | Valero EnergyVLO, 2025 |
|---|---|---|
| Revenue | $132.38bn | $122.69bn |
| Revenue growth | -7.5% | -5.5% |
| Net income | $4.40bn | $2.35bn |
| Operating margin | — | 2.6% |
| Net margin | 3.3% | 1.9% |
| Return on equity | 15.6% | 9.7% |
| Free cash flow | — | $5.83bn |
| Cash | $1.12bn | $4.69bn |
| Total debt | $19.72bn | $10.62bn |
| Debt to equity | 67.8% | 44.8% |
| Dividend per share | $4.75 | $4.52 |
| Dividend yield | 1.8% | 1.3% |
| Share buybacks | $1.21bn | $2.60bn |
| Employees | 12,600 | 9,811 |
| Market value | $109.16bn | $110.86bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 42 (Weak) | 44 (Weak) |
| Insider trades, 12 months | 2 buys, 29 sales | 0 buys, 7 sales |