Phillips 66 vs SUNOCO LP, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither company's growth prints, but the models point at different sources: Phillips 66 grows with refining margins, chemical spreads, and midstream throughput; Sunoco with fuel-distribution volumes across its terminals, an MLP toll. Phillips earns 13.9% on equity and pays a 2.8% dividend at 17 times earnings; Sunoco shows no clean equity return, its 28.5% free-cash figure a distribution mechanic. Phillips carries 0.28 turns of debt, Sunoco MLP-standard. The pair prices a diversified downstream franchise against a pass-through fuel distributor; they share the downstream fuel border but sit on opposite sides of it, Phillips a capital-return story on multiple spreads, Sunoco an income vehicle on one toll.
Comparison updated 2026-07-11.
| Metric | PSX | SUN |
|---|---|---|
| Price | $171.67 | $66.32 |
| Market cap | $69.2B | $3.4B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +0.1% | +2.7% |
| P/E | 17.0 | — |
| P/B | 2.33 | — |
| P/S | 0.51 | 0.11 |
| EV/EBITDA | 24.0 | 2.3 |
| Revenue growth | -1.8% | +40.5% |
| Operating margin | — | 8.1% |
| Net margin | 3.1% | 3.1% |
| Return on equity | 13.9% | — |
| Return on assets | 4.9% | 3.2% |
| Return on invested capital | — | 9907.9% |
| FCF yield | 3.6% | 28.5% |
| Dividend yield | 2.8% | — |
| Debt / equity | 0.28 | — |
| Current ratio | 1.13 | 1.40 |
| Altman Z (solvency) | 2.96 | 1.28 |
| Piotroski F (quality) | 5 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.