Valero Energy Corporation (VLO) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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VLO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VLO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 4.4% | 3.5% | 1.9% |
| 2024 | 3.7% | 2.9% | 2.1% |
| 2023 | 8.9% | 8.2% | 6.1% |
| 2022 | 9.5% | 8.9% | 6.5% |
| 2021 | 2.7% | 1.9% | 0.8% |
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Valero Energy Corporation (VLO) Earnings Overview
As of May 8, 2026, Valero Energy Corporation (VLO) reported trailing twelve-month net income of $4.21B, reflecting -11.8% year-over-year growth. The company earned $14.11 per diluted share over the past four quarters, with a net profit margin of 1.9%.
Looking at the long-term picture, VLO's historical earnings data spans multiple years. The company achieved its highest annual net income of $11.53B in fiscal 2022.
Valero Energy Corporation maintains positive profitability with a gross margin of 4.4%, operating margin of 3.5%, and net margin of 1.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including MPC ($4.63B net income, 3.0% margin), PSX ($4.12B net income, 3.3% margin), PBF (-$159M net income, -0.5% margin), VLO has room to improve margins relative to the peer group. Compare VLO vs MPC →
VLO Earnings vs Peers
Earnings metrics vs comparable public companies
VLO Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.35B | -15.2% | $4.31B | $7.57 | 1.9% | 3.5% |
| 2024 | $2.77B | -68.6% | $3.75B | $8.58 | 2.1% | 2.9% |
| 2023 | $8.84B | -23.4% | $11.86B | $24.95 | 6.1% | 8.2% |
| 2022 | $11.53B | +1139.6% | $15.69B | $29.00 | 6.5% | 8.9% |
| 2021 | $930M | +165.2% | $2.13B | $2.27 | 0.8% | 1.9% |
| 2020 | -$1.43B | -158.9% | -$1.58B | $-3.50 | -2.2% | -2.4% |
| 2019 | $2.42B | -22.4% | $3.84B | $5.85 | 2.2% | 3.5% |
| 2018 | $3.12B | -23.2% | $4.57B | $7.29 | 2.7% | 3.9% |
| 2017 | $4.07B | +77.6% | $3.60B | $9.16 | 4.3% | 3.8% |
| 2016 | $2.29B | -42.6% | $3.57B | $4.94 | 3.0% | 4.7% |
Full VLO Stock Analysis
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Start ComparisonVLO — Frequently Asked Questions
Quick answers to the most common questions about buying VLO stock.
Is VLO growing earnings?
VLO EPS fell to $14.11, with earnings declining -11.8%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $4.2B.
What are VLO's profit margins?
Valero Energy Corporation net margin is +1.9%, with operating margin at +3.5%. Below-average margins reflect competitive or cost pressures.
How consistent are VLO's earnings?
VLO earnings data spans 1989-2025. The declining earnings trend is -11.8% YoY. Historical data enables comparison across business cycles.