Phillips 66 (PSX) — Cash Flow Quality Index
Phillips 66 (PSX) has a Cash Flow Quality Index of -10.94x as of March 2026. Operating cash flow of $-2.26 Billion is below net income of $207.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore PSX long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check Phillips 66 tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Phillips 66 (2009–2025)
Year-by-year earnings quality comparison for Phillips 66. For live market cap and the full company financial profile, see Phillips 66 market capitalisation.
| 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 | — |