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 operating cash flow to assess how effectively this company generates cash.
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 PSX cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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 stock valuation.
| 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 | — |