PSX FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
PSX's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
PSX FCF Yield by year
Yearly range of PSX’s fcf yield from 2016 to 2026. Over the full period it ranged from -2.7% to 20.5%, averaging 5.9%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 0.2% | 3.7% | 9.4% | 6.1% |
| 2025 | 2.3% | 4.1% | 7.8% | 5.2% |
| 2024 | 3.9% | 6.3% | 8.2% | 4.9% |
| 2023 | 11.7% | 16.3% | 20.5% | 11.9% |
| 2022 | 10.0% | 11.8% | 14.8% | 11.5% |
| 2021 | -2.7% | 2.8% | 13.0% | 13.0% |
| 2020 | -2.7% | 1.9% | 8.3% | -2.6% |
| 2019 | 1.9% | 8.0% | 12.2% | 1.9% |
| 2018 | 3.3% | 5.6% | 12.3% | 12.3% |
| 2017 | -1.0% | 0.2% | 1.1% | 0.5% |
| 2016 | -1.7% | -1.5% | -1.1% | -1.6% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is PSX FCF Yield High or Low Right Now?
Phillips 66's FCF Yield is currently 6.1%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for PSX is approximately 5.5%. See all PSX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.