Valero's 2026Q2 results demonstrate a powerful cyclical recovery, with gross margins expanding to 19.5% from a 1.6% trough in 2025Q1, driving EPS to $12.62 and FCF to $5.7B. The company's conservative leverage (D/E 0.40) and low capital intensity (CapEx/Revenu...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rebounded 22.6% year-over-year to $36.6B in 2026Q2, with gross margin surging to 19.5% from a 1.6% trough in 2025Q1, driving operating margin to 14.2% and net income to $3.7B.
Valero Energy Corporation has posted record refining throughput, indicating strong operational performance and capacity utilization.
The company has increased its dividend, signaling confidence in its financial health and commitment to returning capital to shareholders.
Fully executed share repurchase programs demonstrate management's belief in undervaluation and commitment to enhancing shareholder value.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $12.54+24.0% vs $10.11 | $44.5B+12.7% vs $39.5B |
Q2 2026 Apr 30, 2026 | $4.22+33.5% vs $3.16 | $32.4B+3.2% vs $31.4B |
Q1 2026 Jan 29, 2026 | $3.82+16.8% vs $3.27 | $30.4B+6.5% vs $28.5B |
Q4 2025 Oct 23, 2025 | $3.66+20.0% vs $3.05 | $32.2B+7.4% vs $30.0B |
Record diesel prices have been a boon for Valero and Marathon Petroleum. Now demand destruction and the threat of an export ban are creating new risks for refining stocks.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Top-ranked stocks AVAH, FTNT, THC, ARW and VLO are likely to beat on the bottom line in their upcoming releases.
Benchmark VLO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Valero Energy Corporation (VLO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $377.14 | $111.99B | 49.82 | -5.54% | 1.91% | 8.68% | 1.21% | |
| $389.68 | $113.76B | 29.37 | -4.44% | 5.56% | 35.23% | — | |
| $256.78 | $102.95B | 23.80 | -7.64% | 4.62% | 23.51% | — | |
| $71.44 | $8.45B | -51.40 | -11.42% | 3.94% | 23.52% | — | |
| $73.34 | $4.49B | -193.00 | -9.53% | 1.86% | 45.98% | — | |
| $79.11 | $3.97B | 11.05 | -6.39% | 9.94% | 56.63% | — |
Valero Energy Corporation (VLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Valero Energy Corporation (VLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 16, 2026·SEC
May 8, 2026·SEC
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Valero Energy Corporation (VLO) stock FAQ — growth, dividends, profitability & financials explained
Valero Energy Corporation (VLO) reported $132.93B in revenue for fiscal year 2025. This represents a 2564% 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 $7.21B in net income for fiscal year 2025 (1.9% net margin).
Yes, Valero Energy Corporation (VLO) pays a dividend with a yield of 1.21%. 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 $10.48B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
