Phillips 66 (PSX) — Cash Flow Quality Index
Latest as of June 2026:
1.87x
Phillips 66 (PSX) has a Cash Flow Quality Index of 1.87x as of June 2026. Operating cash flow of $7.26 Billion exceeds net income of $3.89 Billion, indicating high earnings quality where cash backs reported profits. Explore Phillips 66 (PSX) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.87x
Operating CF / Net Income
Operating Cash Flow
$7.26 Billion
USD
Net Income
$3.89 Billion
USD
Data as of
Jun 2026
Most recent filing
Phillips 66 Cash Flow Quality Index (2009–2025)
Historical Cash Flow Quality Index for Phillips 66 across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see PSX cash flow conversion.
Annual Cash Flow Quality Index for Phillips 66 (2009–2025)
Year-by-year earnings quality comparison for Phillips 66.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.10x | $4.96 Billion | $4.53 Billion | ▼ -44.9% |
| 2024 | 1.99x | $4.19 Billion | $2.11 Billion | ▲ +98.2% |
| 2023 | 1.00x | $7.03 Billion | $7.00 Billion | ▲ +5.7% |
| 2022 | 0.95x | $10.81 Billion | $11.39 Billion | ▼ -74.9% |
| 2021 | 3.77x | $6.02 Billion | $1.59 Billion | ▲ +165.1% |
| 2019 | 1.42x | $4.81 Billion | $3.38 Billion | ▲ +5.1% |
| 2018 | 1.35x | $7.57 Billion | $5.59 Billion | ▲ +89.4% |
| 2017 | 0.72x | $3.65 Billion | $5.10 Billion | ▼ -62.6% |
| 2016 | 1.91x | $2.96 Billion | $1.55 Billion | ▲ +41.3% |
| 2015 | 1.35x | $5.71 Billion | $4.22 Billion | ▲ +55.3% |
| 2014 | 0.87x | $3.53 Billion | $4.05 Billion | ▼ -47.1% |
| 2013 | 1.65x | $6.03 Billion | $3.66 Billion | ▲ +58.0% |
| 2012 | 1.04x | $4.30 Billion | $4.12 Billion | ▼ -0.6% |
| 2011 | 1.05x | $5.01 Billion | $4.78 Billion | ▼ -63.2% |
| 2010 | 2.85x | $2.09 Billion | $735.00 Million | ▲ +43.2% |
| 2009 | 1.99x | $946.00 Million | $476.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.