Phillips 66 vs YPF Sociedad Anonima, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither company's growth reads cleanly, and the two sit on opposite sides of profitability: Phillips 66, a healthy US downstream franchise, earns 13.9% on equity at 17 times earnings with a 2.8% dividend; YPF, Argentina's state-influenced integrated, posts a negative 7.2% return on equity and negative 4.3% net margin through macro difficulty, with no usable multiple. Phillips carries 0.28 turns of debt, YPF near-zero. Both show large free-cash figures, Phillips' 3.6% ordinary, YPF's 27.9% a suppressed-denominator artifact. The pair prices a functioning refiner-and-chemicals business against a sovereign-tinged integrated in turnaround; one earns steadily on downstream spreads, the other is an option on its country's macro normalization.
Comparison updated 2026-07-11.
| Metric | PSX | YPF |
|---|---|---|
| Price | $171.67 | $45.38 |
| Market cap | $69.2B | $17.8B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +0.1% | +2.1% |
| P/E | 17.0 | — |
| P/B | 2.33 | 1.61 |
| P/S | 0.51 | 0.96 |
| EV/EBITDA | 24.0 | 9.7 |
| Revenue growth | -1.8% | +9.1% |
| Gross margin | — | 27.6% |
| Operating margin | — | 9.4% |
| Net margin | 3.1% | -4.3% |
| Return on equity | 13.9% | -7.2% |
| Return on assets | 4.9% | -2.7% |
| Return on invested capital | — | 12.4% |
| FCF yield | 3.6% | 27.9% |
| Dividend yield | 2.8% | — |
| Debt / equity | 0.28 | 0.00 |
| Current ratio | 1.13 | 0.87 |
| Altman Z (solvency) | 2.96 | 1.36 |
| Piotroski F (quality) | 5 / 9 | 4 / 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.