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Side-by-side financial comparison of Phillips 66 (PSX) and T-Mobile US (TMUS). Click either name above to swap in a different company.
Phillips 66 is the larger business by last-quarter revenue ($34.1B vs $23.1B, roughly 1.5× T-Mobile US). T-Mobile US runs the higher net margin — 10.8% vs 8.5%, a 2.3% gap on every dollar of revenue. On growth, T-Mobile US posted the faster year-over-year revenue change (10.6% vs 1.3%). Over the past eight quarters, T-Mobile US's revenue compounded faster (8.1% CAGR vs -2.4%).
The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, assisted in establishing the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips.
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
PSX vs TMUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $34.1B | $23.1B |
| Net Profit | $2.9B | $2.5B |
| Gross Margin | 14.6% | — |
| Operating Margin | — | 20.8% |
| Net Margin | 8.5% | 10.8% |
| Revenue YoY | 1.3% | 10.6% |
| Net Profit YoY | 36225.0% | -15.2% |
| EPS (diluted) | $7.14 | $2.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $23.1B | ||
| Q4 25 | $34.1B | $24.3B | ||
| Q3 25 | $34.5B | $22.0B | ||
| Q2 25 | $33.3B | $21.1B | ||
| Q1 25 | $30.4B | $20.9B | ||
| Q4 24 | $33.7B | $21.9B | ||
| Q3 24 | $35.5B | $20.2B | ||
| Q2 24 | $38.1B | $19.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $133.0M | $2.7B | ||
| Q2 25 | $877.0M | $3.2B | ||
| Q1 25 | $487.0M | $3.0B | ||
| Q4 24 | $8.0M | $3.0B | ||
| Q3 24 | $346.0M | $3.1B | ||
| Q2 24 | $1.0B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 12.4% | — | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 9.1% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 9.2% | — |
| Q1 26 | — | 20.8% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 23.4% |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 8.5% | 8.6% | ||
| Q3 25 | 0.4% | 12.4% | ||
| Q2 25 | 2.6% | 15.2% | ||
| Q1 25 | 1.6% | 14.1% | ||
| Q4 24 | 0.0% | 13.6% | ||
| Q3 24 | 1.0% | 15.2% | ||
| Q2 24 | 2.7% | 14.8% |
| Q1 26 | — | $2.27 | ||
| Q4 25 | $7.14 | $1.89 | ||
| Q3 25 | $0.32 | $2.41 | ||
| Q2 25 | $2.15 | $2.84 | ||
| Q1 25 | $1.18 | $2.58 | ||
| Q4 24 | $0.06 | $2.56 | ||
| Q3 24 | $0.82 | $2.61 | ||
| Q2 24 | $2.38 | $2.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $3.5B |
| Total DebtLower is stronger | $18.7B | $86.0B |
| Stockholders' EquityBook value | $29.1B | $55.9B |
| Total Assets | $73.7B | $214.7B |
| Debt / EquityLower = less leverage | 0.64× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.1B | $5.6B | ||
| Q3 25 | $1.8B | $3.3B | ||
| Q2 25 | $1.1B | $10.3B | ||
| Q1 25 | $1.5B | $12.0B | ||
| Q4 24 | $1.7B | $5.4B | ||
| Q3 24 | $1.6B | $9.8B | ||
| Q2 24 | $2.4B | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | $18.7B | $86.3B | ||
| Q3 25 | $19.2B | — | ||
| Q2 25 | $17.2B | — | ||
| Q1 25 | $17.7B | — | ||
| Q4 24 | $18.2B | $78.3B | ||
| Q3 24 | $18.5B | — | ||
| Q2 24 | $17.2B | — |
| Q1 26 | — | $55.9B | ||
| Q4 25 | $29.1B | $59.2B | ||
| Q3 25 | $26.9B | $60.5B | ||
| Q2 25 | $27.5B | $61.1B | ||
| Q1 25 | $27.3B | $61.1B | ||
| Q4 24 | $27.4B | $61.7B | ||
| Q3 24 | $28.7B | $64.3B | ||
| Q2 24 | $29.5B | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $73.7B | $219.2B | ||
| Q3 25 | $76.1B | $217.2B | ||
| Q2 25 | $75.9B | $212.6B | ||
| Q1 25 | $71.8B | $214.6B | ||
| Q4 24 | $72.6B | $208.0B | ||
| Q3 24 | $75.1B | $210.7B | ||
| Q2 24 | $75.9B | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | 0.64× | 1.46× | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | 1.27× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.58× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.8B | $7.2B |
| Free Cash FlowOCF − Capex | — | $4.6B |
| FCF MarginFCF / Revenue | — | 19.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 0.95× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $2.8B | $6.7B | ||
| Q3 25 | $1.2B | $7.5B | ||
| Q2 25 | $845.0M | $7.0B | ||
| Q1 25 | $187.0M | $6.8B | ||
| Q4 24 | $1.2B | $5.5B | ||
| Q3 24 | $1.1B | $6.1B | ||
| Q2 24 | $2.1B | $5.5B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | — | 19.9% | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 0.95× | 3.16× | ||
| Q3 25 | 8.86× | 2.75× | ||
| Q2 25 | 0.96× | 2.17× | ||
| Q1 25 | 0.38× | 2.32× | ||
| Q4 24 | 149.75× | 1.86× | ||
| Q3 24 | 3.27× | 2.01× | ||
| Q2 24 | 2.07× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSX
| Marketing Speciality Segment | $21.7B | 64% |
| Crude Oil | $3.7B | 11% |
| GB | $3.5B | 10% |
| Other Geographical Areas | $2.4B | 7% |
| DE | $1.1B | 3% |
| Renewable Fuels | $876.0M | 3% |
| Other Product Line | $634.0M | 2% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
