Last 48 quarters of trend data · Energy · Oil & Gas Refining & Marketing
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Valero Energy Corporation's quarterly P/E stands at 14.6x.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 31.22 | 14.64 | 10.88 | 12.06 | 14.74 | — | 34.44 | 29.61 | 14.46 | 11.38 | 9.15 | 4.73 | 5.42 |
| — | — | -68.4% | -59.3% | +1.9% | — | +276.1% | +526.0% | +166.8% | +170.0% | +135.0% | +27.8% | +137.1% | |
| P/S Ratio | 0.58 | 0.57 | 0.39 | 0.41 | 0.35 | 0.34 | 0.31 | 0.33 | 0.37 | 0.44 | 0.31 | 0.32 | 0.30 |
| — | +65.9% | +23.4% | +25.2% | -4.7% | -23.0% | +1.5% | +1.4% | +21.0% | +25.8% | +7.2% | +37.4% | +46.4% | |
| P/B Ratio | 2.74 | 2.73 | 1.85 | 1.97 | 1.56 | 1.58 | 1.41 | 1.53 | 1.80 | 1.96 | 1.54 | 1.76 | 1.50 |
| — | +73.5% | +31.7% | +28.3% | -13.4% | -19.6% | -8.6% | -13.0% | +19.9% | +3.0% | -18.8% | +0.3% | -20.6% | |
| P/FCF | 14.05 | 14.97 | 6.82 | 7.72 | 8.85 | 14.75 | 12.63 | 9.89 | 6.19 | 11.92 | 15.72 | 4.00 | 7.82 |
| — | +1.5% | -46.0% | -22.0% | +43.0% | +23.7% | -19.7% | +147.1% | -20.9% | +168.9% | +378.5% | -39.2% | +295.6% | |
| EV / EBITDA | 10.40 | 7.72 | 6.25 | 6.23 | 6.63 | — | 10.90 | 10.18 | 7.34 | 6.58 | 5.70 | 3.29 | 3.52 |
| — | — | -42.7% | -38.8% | -9.6% | — | +91.2% | +209.6% | +108.6% | +115.5% | +100.0% | +18.1% | +90.4% | |
| EV / EBIT | 18.01 | 12.41 | 8.47 | 9.16 | 11.09 | — | 24.90 | 19.27 | 10.48 | 8.57 | 8.12 | 3.90 | 4.33 |
| — | — | -66.0% | -52.5% | +5.9% | — | +206.7% | +394.0% | +141.9% | +142.7% | +153.6% | +20.2% | +114.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Valero Energy Corporation's operating margin was 5.3% in Q1 2026, up 0.4 pp QoQ and up 8.3 pp YoY. This marks the 5th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin expanded 442.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 4.4% | 8.9% | 10.3% | 5.5% | 4.1% | 1.6% | 2.0% | 2.3% | 4.1% | 6.2% | 5.3% | 9.8% | 8.6% |
| — | +442.6% | +411.6% | +143.4% | -1.3% | -73.6% | -61.8% | -76.9% | -51.9% | -47.4% | -52.9% | +8.5% | -31.3% | |
| Operating Margin | 3.5% | 5.3% | 5.0% | 4.7% | 3.3% | -3.0% | 1.1% | 1.5% | 3.5% | 5.3% | 4.4% | 9.1% | 8.0% |
| — | +279.7% | +338.7% | +204.2% | -5.8% | -156.3% | -74.2% | -83.1% | -55.7% | -52.4% | -57.4% | +6.9% | -33.6% | |
| Net Margin | 1.9% | 3.9% | 3.6% | 3.4% | 2.4% | -2.0% | 0.9% | 1.1% | 2.6% | 3.9% | 3.4% | 6.8% | 5.6% |
| — | +298.4% | +291.2% | +207.4% | -6.4% | -150.2% | -73.1% | -83.8% | -54.7% | -53.4% | -54.5% | +7.7% | -38.0% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 4.7% | 4.3% | 4.1% | 2.7% | -2.2% | 1.0% | 1.3% | 3.1% | 4.3% | 4.2% | 9.4% | 7.1% |
| — | +313.5% | +320.0% | +215.2% | -13.1% | -150.9% | -76.2% | -86.2% | -56.3% | -62.8% | -66.4% | -22.9% | -67.5% | |
| ROA | 4.0% | 2.1% | 1.9% | 1.9% | 1.2% | -1.0% | 0.5% | 0.6% | 1.4% | 2.0% | 1.9% | 4.2% | 3.2% |
| — | +310.8% | +317.1% | +216.0% | -13.7% | -150.3% | -75.5% | -86.1% | -56.7% | -60.9% | -63.2% | -7.0% | -57.2% | |
| ROIC | 9.5% | 3.9% | 3.6% | 3.4% | 2.3% | -2.0% | 0.8% | 1.1% | 2.7% | 3.6% | 3.4% | 7.7% | 6.2% |
| — | +294.1% | +365.2% | +205.6% | -14.7% | -156.5% | -77.1% | -85.4% | -56.6% | -61.0% | -66.3% | -16.3% | -59.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Valero Energy Corporation's Debt/EBITDA ratio is 4.5x, down from 5.2x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.43 | 0.44 | 0.40 | 0.40 | 0.41 | 0.42 | 0.39 | 0.38 | 0.38 | 0.44 | 0.41 | 0.40 |
| — | +3.4% | +4.9% | +2.5% | +3.9% | +9.1% | -5.4% | -5.4% | -6.0% | -10.5% | -11.3% | -16.5% | -28.6% | |
| Debt / EBITDA | 1.57 | 4.47 | 5.19 | 4.51 | 5.88 | — | 11.03 | 9.07 | 5.60 | 4.59 | 5.63 | 2.73 | 3.30 |
| — | — | -52.9% | -50.2% | +4.9% | — | +95.8% | +231.6% | +69.6% | +88.9% | +118.2% | +4.5% | +74.9% | |
| Current Ratio | 1.65 | 1.58 | 1.65 | 1.60 | 1.62 | 1.56 | 1.53 | 1.57 | 1.48 | 1.59 | 1.56 | 1.51 | 1.59 |
| — | +1.2% | +7.4% | +1.8% | +9.6% | -2.0% | -1.8% | +3.7% | -6.6% | +4.7% | +12.9% | +14.7% | +27.1% | |
| Quick Ratio | 1.11 | 1.15 | 1.11 | 1.09 | 1.11 | 1.09 | 1.03 | 1.11 | 1.04 | 1.10 | 1.11 | 1.08 | 1.12 |
| — | +5.6% | +7.4% | -1.2% | +6.4% | -1.1% | -7.1% | +2.1% | -6.9% | +6.4% | +11.4% | +16.3% | +21.4% | |
| Interest Coverage | 6.40 | 11.42 | 11.96 | 11.47 | 7.68 | -5.69 | 3.39 | 4.47 | 9.59 | 13.02 | 10.57 | 23.68 | 18.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Valero Energy Corporation's current P/E is 31.2x. The average P/E over the last 4 quarters is 13.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Valero Energy Corporation's current operating margin is 3.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Valero Energy Corporation's business trajectory between earnings reports.