Phillips 66 Gross Margin 2010-2025 | PSX
- Phillips 66 average gross margin for 2024 was 10.5%, a 21.35% decline from 2023.
- Phillips 66 average gross margin for 2023 was 13.35%, a 29.36% decline from 2022.
- Phillips 66 average gross margin for 2022 was 10.32%, a 28.68% increase from 2021.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.