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Valero Energy Corporation(VLO)Earnings, Financials & Key Ratios
VLO•NYSE
$253.45
$75.79B mkt cap·33.5× P/E·Price updated May 6, 2026
AboutValero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.Show more
- Revenue$122.69B-5.5%
- EBITDA$7.47B+14.4%
- Net Income$2.35B-15.2%
- EPS (Diluted)7.57-11.8%
- Gross Margin4.38%+19.4%
- EBITDA Margin6.09%+21.1%
- Operating Margin3.51%+21.6%
- Net Margin1.91%-10.3%
- ROE8.68%-12.2%
- ROIC9.51%+18.4%
- Debt/Equity0.44+4.9%
- Interest Coverage6.40-16.3%
VLO Key Insights
Valero Energy Corporation (VLO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓15 consecutive years of dividend growth
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 13.6%
- ✓Good 3Y average ROE of 17.1%
- ✓Share count reduced 4.0% through buybacks
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VLO Price & Volume
Valero Energy Corporation (VLO) stock price & volume — 10-year historical chart
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VLO Growth Metrics
Valero Energy Corporation (VLO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.4%
5 Years13.58%
3 Years-11.4%
TTM-1.72%
Profit CAGR
10 Years-5.16%
5 Years-
3 Years-41.16%
TTM352.26%
EPS CAGR
10 Years-0.54%
5 Years-
3 Years-36.09%
TTM384.86%
Return on Capital
10 Years12.29%
5 Years17.33%
3 Years14.81%
Last Year9.74%
VLO Recent Earnings
Valero Energy Corporation (VLO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026EPS
$4.22
Est $3.16
+33.5%
Revenue
$32.4B
Est $31.4B
+3.2%
Q1 2026
Jan 29, 2026EPS
$3.82
Est $3.27
+16.8%
Revenue
$30.4B
Est $28.5B
+6.5%
Q4 2025
Oct 23, 2025EPS
$3.66
Est $3.05
+20.0%
Revenue
$32.2B
Est $30.0B
+7.4%
Q3 2025
Jul 24, 2025EPS
$2.28
Est $1.75
+30.3%
Revenue
$29.9B
Est $27.5B
+8.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $4.22vs $3.16+33.5% | $32.4Bvs $31.4B+3.2% |
| Q1 2026 | Jan 29, 2026 | $3.82vs $3.27+16.8% | $30.4Bvs $28.5B+6.5% |
| Q4 2025 | Oct 23, 2025 | $3.66vs $3.05+20.0% | $32.2Bvs $30.0B+7.4% |
| Q3 2025 | Jul 24, 2025 | $2.28vs $1.75+30.3% | $29.9Bvs $27.5B+8.7% |
Based on last 12 quarters of dataView full earnings history →
VLO Peer Comparison
Valero Energy Corporation (VLO) competitors in Petroleum Refining and Marketing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MPC | 76.72B | 260.51 | 19.63 | -4.44% | 3.41% | 19.57% | 6.21% | 1.43 |
 PSX | 72.27B | 180.26 | 16.71 | -7.64% | 3.04% | 14.14% | 3.78% | 0.76 |
 PBF | 5.43B | 46.19 | -33.23 | -11.42% | -0.54% | -2.98% | 0.53 | |
 DK | 3.01B | 49.04 | -129.05 | -9.53% | -0.48% | -12.94% | 0.73% | 6.13 |
 PARR | 3.42B | 69.20 | 9.66 | -6.39% | 4.95% | 28.37% | 8.66% | 0.90 |
 CLMT | 3.12B | 36.02 | -13.49 | 0.2% | -0.92% | |||
 CVX | 384.42B | 192.66 | 29.06 | -4.64% | 6.67% | 7.18% | 4.32% | 0.24 |
 XOM | 656.38B | 154.88 | 23.12 | -4.52% | 8.91% | 10.74% | 3.6% | 0.16 |
Compare VLO vs Peers
Valero Energy Corporation (VLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VLO Income Statement
Valero Energy Corporation (VLO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 93.98B | 117.03B | 108.32B | 64.91B | 113.98B | 176.38B | 144.77B | 129.88B | 122.69B | 126.17B |
| Revenue Growth % | 24.22% | 24.53% | -7.44% | -40.08% | 75.59% | 54.75% | -17.93% | -10.28% | -5.54% | -1.72% |
| Cost of Goods Sold | 89.48B | 111.49B | 103.6B | 65.7B | 110.89B | 159.63B | 131.88B | 125.12B | 117.32B | 117.05B |
| COGS % of Revenue | 95.22% | 95.26% | 95.64% | 101.21% | 97.3% | 90.5% | 91.1% | 96.34% | 95.62% | - |
| Gross Profit | 4.5B▲ 0% | 5.54B▲ 23.3% | 4.72B▼ 14.7% | -788M▼ 116.7% | 3.08B▲ 491.1% | 16.75B▲ 443.5% | 12.89B▼ 23.1% | 4.76B▼ 63.1% | 5.37B▲ 12.8% | 9.13B▲ 0% |
| Gross Margin % | 4.78% | 4.74% | 4.36% | -1.21% | 2.7% | 9.5% | 8.9% | 3.66% | 4.38% | 7.24% |
| Gross Profit Growth % | 3.5% | 23.29% | -14.74% | -116.68% | 491.12% | 443.51% | -23.06% | -63.07% | 12.79% | - |
| Operating Expenses | 896M | 970M | 889M | 791M | 952M | 1.06B | 1.03B | 1B | 1.06B | 3.32B |
| OpEx % of Revenue | 0.95% | 0.83% | 0.82% | 1.22% | 0.84% | 0.6% | 0.71% | 0.77% | 0.86% | - |
| Selling, General & Admin | 835M | 925M | 868M | 756M | 865M | 934M | 998M | 961M | 1.04B | 1.07B |
| SG&A % of Revenue | 0.89% | 0.79% | 0.8% | 1.16% | 0.76% | 0.53% | 0.69% | 0.74% | 0.85% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 76M | 130M | 21M | 35M | 87M | 127M | 33M | 44M | 15M | 4M |
| Operating Income | 3.6B▲ 0% | 4.57B▲ 27.0% | 3.84B▼ 16.1% | -1.58B▼ 141.2% | 2.13B▲ 234.9% | 15.69B▲ 636.6% | 11.86B▼ 24.4% | 3.75B▼ 68.3% | 4.31B▲ 14.8% | 5.81B▲ 0% |
| Operating Margin % | 3.83% | 3.91% | 3.54% | -2.43% | 1.87% | 8.9% | 8.19% | 2.89% | 3.51% | 4.61% |
| Operating Income Growth % | 0.76% | 27.04% | -16.1% | -141.16% | 234.9% | 636.62% | -24.42% | -68.33% | 14.83% | - |
| EBITDA | 5.58B | 6.64B | 6.09B | 772M | 4.54B | 18.16B | 14.56B | 6.53B | 7.47B | 8.98B |
| EBITDA Margin % | 5.94% | 5.67% | 5.62% | 1.19% | 3.98% | 10.3% | 10.06% | 5.03% | 6.09% | 7.12% |
| EBITDA Growth % | 2.18% | 18.91% | -8.28% | -87.33% | 487.44% | 300.51% | -19.84% | -55.15% | 14.41% | 127.57% |
| D&A (Non-Cash Add-back) | 1.99B | 2.07B | 2.25B | 2.35B | 2.4B | 2.47B | 2.7B | 2.77B | 3.16B | 3.17B |
| EBIT | 3.6B | 4.6B | 3.88B | -1.45B | 2.15B | 15.87B | 11.96B | 4.25B | 3.56B | 5.94B |
| Net Interest Income | -468M | -470M | -454M | -563M | -603M | -562M | -299M | -556M | -556M | -559M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 293M | 0 | 0 | 0 |
| Interest Expense | 468M | 470M | 454M | 563M | 603M | 562M | 592M | 556M | 556M | 559M |
| Other Income/Expense | -356M | -340M | -350M | -431M | -587M | -383M | -90M | -57M | -1.31B | -167M |
| Pretax Income | 3.21B▲ 0% | 4.23B▲ 32.0% | 3.49B▼ 17.6% | -2.01B▼ 157.7% | 1.54B▲ 176.8% | 15.31B▲ 892.0% | 11.77B▼ 23.1% | 3.7B▼ 68.6% | 3B▼ 18.7% | 5.64B▲ 0% |
| Pretax Margin % | 3.41% | 3.62% | 3.22% | -3.1% | 1.35% | 8.68% | 8.13% | 2.85% | 2.45% | 4.47% |
| Income Tax | -949M | 879M | 702M | -903M | 255M | 3.43B | 2.62B | 692M | 759M | 1.43B |
| Effective Tax Rate % | -29.59% | 20.77% | 20.14% | 44.93% | 16.53% | 22.39% | 22.26% | 18.71% | 25.26% | 25.24% |
| Net Income | 4.07B▲ 0% | 3.12B▼ 23.2% | 2.42B▼ 22.4% | -1.43B▼ 158.9% | 930M▲ 165.2% | 11.53B▲ 1139.6% | 8.84B▼ 23.4% | 2.77B▼ 68.6% | 2.35B▼ 15.2% | 4.21B▲ 0% |
| Net Margin % | 4.33% | 2.67% | 2.24% | -2.2% | 0.82% | 6.54% | 6.1% | 2.13% | 1.91% | 3.33% |
| Net Income Growth % | 77.59% | -23.2% | -22.42% | -158.88% | 165.22% | 1139.57% | -23.36% | -68.65% | -15.23% | 352.26% |
| Net Income (Continuing) | 4.16B | 3.35B | 2.78B | -1.11B | 1.29B | 11.88B | 9.15B | 3.01B | 2.25B | 4.22B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 909M | 1.06B | 733M | 841M | 1.39B | 1.91B | 2.18B | 3.01B | 2.88B | 3.06B |
| EPS (Diluted) | 9.16▲ 0% | 7.29▼ 20.4% | 5.85▼ 19.8% | -3.50▼ 159.8% | 2.27▲ 164.9% | 29.00▲ 1177.5% | 24.95▼ 14.0% | 8.58▼ 65.6% | 7.57▼ 11.8% | 14.11▲ 0% |
| EPS Growth % | 85.43% | -20.41% | -19.75% | -159.83% | 164.86% | 1177.53% | -13.97% | -65.61% | -11.77% | 384.86% |
| EPS (Basic) | 9.17 | 7.33 | 5.85 | -3.50 | 2.27 | 29.08 | 24.95 | 8.58 | 7.57 | - |
| Diluted Shares Outstanding | 444M | 428M | 413M | 407M | 407M | 396M | 353M | 322M | 309M | 298M |
| Basic Shares Outstanding | 442M | 426M | 413M | 407M | 407M | 395M | 353M | 322M | 309M | 298M |
| Dividend Payout Ratio | 30.55% | 43.85% | 61.6% | - | 172.26% | 13.55% | 16.43% | 49.96% | 59.84% | - |
VLO Balance Sheet
Valero Energy Corporation (VLO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 19.31B | 17.68B | 18.97B | 15.84B | 21.16B | 24.13B | 26.22B | 23.74B | 23.21B | 27.82B |
| Cash & Short-Term Investments | 5.85B | 2.98B | 2.58B | 3.31B | 4.12B | 4.86B | 5.42B | 4.66B | 4.69B | 5.73B |
| Cash Only | 5.85B | 2.98B | 2.58B | 3.31B | 4.12B | 4.86B | 5.42B | 4.66B | 4.69B | 5.73B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 6.92B | 7.34B | 8.9B | 6.11B | 10.38B | 11.92B | 12.53B | 10.71B | 9.88B | 13.41B |
| Days Sales Outstanding | 26.88 | 22.91 | 30 | 34.35 | 33.23 | 24.66 | 31.58 | 30.09 | 29.38 | 32.32 |
| Inventory | 6.38B | 6.53B | 7.01B | 6.04B | 6.26B | 6.75B | 7.58B | 7.76B | 7.59B | 7.56B |
| Days Inventory Outstanding | 26.04 | 21.38 | 24.71 | 33.54 | 20.62 | 15.44 | 20.99 | 22.64 | 23.62 | 23.45 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 600M | 689M | 611M | 1.05B | 0 |
| Total Non-Current Assets | 30.85B | 32.48B | 34.9B | 35.93B | 36.72B | 36.85B | 36.84B | 36.41B | 34.78B | 34.32B |
| Property, Plant & Equipment | 27.48B | 28.85B | 30.59B | 31.59B | 32.13B | 32.09B | 31.34B | 30.41B | 28.69B | 27.11B |
| Fixed Asset Turnover | 3.42x | 4.06x | 3.54x | 2.05x | 3.55x | 5.50x | 4.62x | 4.27x | 4.28x | 4.51x |
| Goodwill | 0 | 260M | 260M | 260M | 260M | 260M | 260M | 260M | 260M | 0 |
| Intangible Assets | 142M | 307M | 283M | 248M | 218M | 202M | 183M | 151M | 123M | 0 |
| Long-Term Investments | 530M | 542M | 942M | 972M | 734M | 724M | 713M | 695M | 684M | 684M |
| Other Non-Current Assets | 2.69B | 2.52B | 2.82B | 2.86B | 3.38B | 3.57B | 4.33B | 4.89B | 5.02B | 26.99B |
| Total Assets | 50.16B▲ 0% | 50.16B▼ 0.0% | 53.86B▲ 7.4% | 51.77B▼ 3.9% | 57.89B▲ 11.8% | 60.98B▲ 5.3% | 63.06B▲ 3.4% | 60.14B▼ 4.6% | 57.99B▼ 3.6% | 62.14B▲ 0% |
| Asset Turnover | 1.87x | 2.33x | 2.01x | 1.25x | 1.97x | 2.89x | 2.30x | 2.16x | 2.12x | 2.12x |
| Asset Growth % | 8.63% | -0.01% | 7.4% | -3.88% | 11.81% | 5.34% | 3.4% | -4.62% | -3.58% | -8.07% |
| Total Current Liabilities | 11.07B | 10.72B | 13.16B | 9.28B | 16.85B | 17.46B | 16.8B | 15.49B | 14.11B | 17.65B |
| Accounts Payable | 8.35B | 8.59B | 10.21B | 6.08B | 12.49B | 12.73B | 12.57B | 12.09B | 10.14B | 13.4B |
| Days Payables Outstanding | 34.05 | 28.14 | 35.95 | 33.79 | 41.13 | 29.1 | 34.78 | 35.27 | 31.54 | 35.66 |
| Short-Term Debt | 122M | 238M | 494M | 723M | 1.26B | 1.11B | 1.41B | 743M | 949M | 1.03B |
| Deferred Revenue (Current) | 0 | 31M | 55M | 55M | 78M | 129M | 40M | 82M | 60M | 60M |
| Other Current Liabilities | 215M | 106M | 95M | 104M | 76M | 56M | 78M | 118M | 81M | 1.91B |
| Current Ratio | 1.74x | 1.65x | 1.44x | 1.71x | 1.26x | 1.38x | 1.56x | 1.53x | 1.65x | 1.65x |
| Quick Ratio | 1.17x | 1.04x | 0.91x | 1.06x | 0.88x | 1.00x | 1.11x | 1.03x | 1.11x | 1.11x |
| Cash Conversion Cycle | 18.87 | 16.16 | 18.76 | 34.11 | 12.73 | 11 | 17.79 | 17.46 | 21.46 | 20.12 |
| Total Non-Current Liabilities | 16.19B | 16.7B | 18.17B | 22.85B | 21.22B | 18.05B | 17.73B | 17.13B | 17.27B | 17.56B |
| Long-Term Debt | 8.75B | 8.87B | 9.18B | 13.95B | 12.61B | 10.53B | 10.12B | 9.72B | 9.67B | 10.46B |
| Capital Lease Obligations | 0 | 0 | 959M | 885M | 940M | 776M | 753M | 699M | 665M | 665M |
| Deferred Tax Liabilities | 4.71B | 4.96B | 5.1B | 5.28B | 5.21B | 5.22B | 5.35B | 5.27B | 5.15B | 19.94B |
| Other Non-Current Liabilities | 2.73B | 2.87B | 2.93B | 2.73B | 2.46B | 1.53B | 1.51B | 1.44B | 1.79B | 9.09B |
| Total Liabilities | 27.26B | 27.42B | 31.33B | 32.13B | 38.07B | 35.51B | 34.53B | 32.62B | 31.38B | 35.21B |
| Total Debt | 8.87B | 9.11B | 10.96B | 15.85B | 15.13B | 12.72B | 12.64B | 11.54B | 11.7B | 11.49B |
| Net Debt | 3.02B | 6.13B | 8.38B | 12.53B | 11B | 7.86B | 7.21B | 6.88B | 7.01B | 5.76B |
| Debt / Equity | 0.39x | 0.40x | 0.49x | 0.81x | 0.76x | 0.50x | 0.44x | 0.42x | 0.44x | 0.44x |
| Debt / EBITDA | 1.59x | 1.37x | 1.80x | 20.53x | 3.34x | 0.70x | 0.87x | 1.77x | 1.57x | 1.28x |
| Net Debt / EBITDA | 0.54x | 0.92x | 1.38x | 16.24x | 2.43x | 0.43x | 0.50x | 1.05x | 0.94x | 0.94x |
| Interest Coverage | 7.70x | 9.79x | 8.55x | -2.57x | 3.56x | 28.24x | 20.20x | 7.65x | 6.40x | 10.63x |
| Total Equity | 22.9B▲ 0% | 22.73B▼ 0.7% | 22.54B▼ 0.9% | 19.64B▼ 12.8% | 19.82B▲ 0.9% | 25.47B▲ 28.5% | 28.52B▲ 12.0% | 27.52B▼ 3.5% | 26.61B▼ 3.3% | 26.93B▲ 0% |
| Equity Growth % | 9.81% | -0.74% | -0.86% | -12.84% | 0.89% | 28.52% | 12% | -3.52% | -3.33% | -10.07% |
| Book Value per Share | 51.58 | 53.11 | 54.57 | 48.26 | 48.69 | 64.31 | 80.80 | 85.47 | 86.10 | 90.38 |
| Total Shareholders' Equity | 21.99B | 21.67B | 21.8B | 18.8B | 18.43B | 23.56B | 26.35B | 24.51B | 23.73B | 23.87B |
| Common Stock | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M |
| Retained Earnings | 29.2B | 31.04B | 31.97B | 28.95B | 28.28B | 38.25B | 45.63B | 47.02B | 47.96B | 48.86B |
| Treasury Stock | -13.31B | -14.93B | -15.65B | -15.72B | -15.68B | -20.2B | -25.32B | -28.18B | -30.75B | -31.29B |
| Accumulated OCI | -940M | -1.51B | -1.35B | -1.25B | -1.01B | -1.36B | -870M | -1.27B | -469M | -712M |
| Minority Interest | 909M | 1.06B | 733M | 841M | 1.39B | 1.91B | 2.18B | 3.01B | 2.88B | 3.06B |
VLO Cash Flow Statement
Valero Energy Corporation (VLO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 5.48B | 4.37B | 5.53B | 948M | 5.86B | 12.57B | 9.23B | 6.68B | 5.83B | 5.83B |
| Operating CF Margin % | 5.83% | 3.73% | 5.11% | 1.46% | 5.14% | 7.13% | 6.38% | 5.15% | 4.75% | - |
| Operating CF Growth % | 13.73% | -20.27% | 26.54% | -82.86% | 518.04% | 114.61% | -26.6% | -27.59% | -12.82% | 121.37% |
| Net Income | 4.07B | 3.12B | 1.33B | -1.11B | 1.29B | 11.88B | 9.15B | 2.77B | 2.35B | 4.21B |
| Depreciation & Amortization | 1.99B | 2.07B | 2.25B | 2.35B | 2.4B | 2.47B | 2.7B | 2.77B | 3.16B | 3.31B |
| Stock-Based Compensation | 77M | 86M | 89M | 0 | 88M | 103M | 0 | 100M | 0 | 0 |
| Deferred Taxes | -2.54B | 203M | 234M | 158M | -126M | 50M | 103M | -87M | -197M | -270M |
| Other Non-Cash Items | 14M | 145M | 2.09B | -19M | 43M | -1.72B | -11M | 136M | 1.03B | -698M |
| Working Capital Changes | 1.88B | -1.25B | -465M | -435M | 2.16B | -210M | -2.71B | 990M | -512M | -295M |
| Change in Receivables | -870M | -457M | -1.58B | 2.77B | -4.38B | -1.62B | 0 | 1.56B | 1.13B | -2.98B |
| Change in Inventory | -516M | -197M | -385M | 1.01B | -253M | -672M | 0 | -286M | 362M | 95M |
| Change in Payables | 1.84B | 304M | 1.53B | -4.07B | 6.3B | 521M | -169M | -430M | -2.02B | 2.48B |
| Cash from Investing | -2.38B | -3.93B | -3B | -2.42B | -2.16B | -2.81B | -1.86B | -1.98B | -1.84B | -1.61B |
| Capital Expenditures | -1.38B | -3.2B | -2B | -1.79B | -1.67B | -1.68B | -911M | 0 | 0 | -337M |
| CapEx % of Revenue | 1.47% | 2.73% | 1.84% | 2.75% | 1.46% | 0.95% | 0.63% | 0.7% | 0.65% | - |
| Acquisitions | -406M | -556M | -236M | -54M | 261M | 31M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -597M | 8M | -768M | -583M | -1.02B | -1.19B | -992M | -2.03B | -1.85B | -1.27B |
| Cash from Financing | -2.27B | -3.17B | -3B | 2.08B | -2.85B | -8.85B | -6.94B | -5.05B | -4.18B | -3.68B |
| Debt Issued (Net) | 359M | 8M | 335M | 4.08B | -1.21B | -2.81B | -262M | -648M | -94M | 998M |
| Equity Issued (Net) | -1.37B | -1.71B | -1.73B | -156M | -27M | -4.58B | -5.14B | -2.88B | -2.6B | -2.92B |
| Dividends Paid | -1.24B | -1.37B | -1.49B | -1.6B | -1.6B | -1.56B | -1.45B | -1.38B | -1.41B | -1.41B |
| Share Repurchases | -1.37B | -1.71B | -1.73B | -156M | -27M | -4.58B | -5.14B | -2.88B | -2.6B | -2.92B |
| Other Financing | -17M | -99M | -113M | -242M | -10M | 100M | -91M | -142M | -85M | -341M |
| Net Change in Cash | 1.03B▲ 0% | -2.87B▼ 377.4% | -399M▲ 86.1% | 730M▲ 283.0% | 809M▲ 10.8% | 740M▼ 8.5% | 562M▼ 24.1% | -595M▼ 205.9% | 36M▲ 106.1% | 1.1B▲ 0% |
| Free Cash Flow | 4.1B▲ 0% | 2.3B▼ 44.0% | -1.68B▼ 173.2% | -840M▲ 50.1% | 4.19B▲ 599.3% | 10.89B▲ 159.7% | 8.32B▼ 23.6% | 5.78B▼ 30.6% | 5.03B▼ 12.9% | 5.93B▲ 0% |
| FCF Margin % | 4.37% | 1.96% | -1.55% | -1.29% | 3.68% | 6.18% | 5.75% | 4.45% | 4.1% | 4.7% |
| FCF Growth % | 15.84% | -43.97% | -173.16% | 50.06% | 599.29% | 159.73% | -23.64% | -30.56% | -12.92% | 28.65% |
| FCF per Share | 9.24 | 5.37 | -4.07 | -2.06 | 10.30 | 27.51 | 23.56 | 17.94 | 16.28 | 16.28 |
| FCF Conversion (FCF/Net Income) | 1.35x | 1.40x | 2.28x | -0.66x | 6.30x | 1.09x | 1.04x | 2.41x | 2.48x | 1.41x |
| Interest Paid | 457M | 463M | 452M | 526M | 0 | 570M | 562M | 556M | 0 | 278M |
| Taxes Paid | 410M | 1.36B | 116M | 203M | 0 | 3.29B | 3.49B | 843M | 0 | 363M |
VLO Key Ratios
Valero Energy Corporation (VLO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 18.58% | 13.68% | 10.7% | -6.76% | 4.71% | 50.91% | 32.73% | 9.88% | 8.68% | 15.69% |
| Return on Invested Capital (ROIC) | 10.81% | 12.52% | 9.63% | -3.75% | 5.07% | 36.69% | 25.75% | 8.03% | 9.51% | 9.51% |
| Gross Margin | 4.78% | 4.74% | 4.36% | -1.21% | 2.7% | 9.5% | 8.9% | 3.66% | 4.38% | 7.24% |
| Net Margin | 4.33% | 2.67% | 2.24% | -2.2% | 0.82% | 6.54% | 6.1% | 2.13% | 1.91% | 3.33% |
| Debt / Equity | 0.39x | 0.40x | 0.49x | 0.81x | 0.76x | 0.50x | 0.44x | 0.42x | 0.44x | 0.44x |
| Interest Coverage | 7.70x | 9.79x | 8.55x | -2.57x | 3.56x | 28.24x | 20.20x | 7.65x | 6.40x | 10.63x |
| FCF Conversion | 1.35x | 1.40x | 2.28x | -0.66x | 6.30x | 1.09x | 1.04x | 2.41x | 2.48x | 1.41x |
| Revenue Growth | 24.22% | 24.53% | -7.44% | -40.08% | 75.59% | 54.75% | -17.93% | -10.28% | -5.54% | -1.72% |
VLO SEC Filings & Documents
Valero Energy Corporation (VLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
VLO Frequently Asked Questions
Valero Energy Corporation (VLO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Valero Energy Corporation (VLO) reported $126.17B in revenue for fiscal year 2025. This represents a 2428% increase from $4.99B in 1996.
Valero Energy Corporation (VLO) saw revenue decline by 5.5% over the past year.
Yes, Valero Energy Corporation (VLO) is profitable, generating $4.21B in net income for fiscal year 2025 (1.9% net margin).
Dividend & Returns
Yes, Valero Energy Corporation (VLO) pays a dividend with a yield of 1.79%. This makes it attractive for income-focused investors.
Valero Energy Corporation (VLO) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
Valero Energy Corporation (VLO) generated $5.93B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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