Valero Energy Corporation (VLO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
VLO Revenue Growth
Revenue Breakdown (FY 2025)
VLO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VLO Revenue Analysis (2014–2025)
As of May 8, 2026, Valero Energy Corporation (VLO) generated trailing twelve-month (TTM) revenue of $126.17 billion, reflecting solid growth of +7.0% year-over-year. The most recent quarter (Q1 2026) recorded $32.38 billion in revenue, up 2.1% sequentially.
Looking at the longer-term picture, VLO's 5-year compound annual growth rate (CAGR) stands at +13.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $176.38 billion in 2022.
Revenue diversification analysis shows VLO's business is primarily driven by Refining (92%), Ethanol (4%), and Renewable Diesel (4%). With over half of revenue concentrated in Refining, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including MPC (-1.4% YoY), PSX (-1.3% YoY), and PBF (-11.4% YoY), VLO has outperformed the peer group in terms of revenue growth. Compare VLO vs MPC →
VLO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VLOCurrent | $126.2B | +7.0% | +13.6% | 3.5% | |
 MPC | $132.7B | -1.4% | +13.7% | 4.3% | |
 PSX | $132.2B | -1.3% | +15.7% | 2.7% | |
 PBF | $29.3B | -11.4% | +14.2% | -0.2% | |
 DK | $10.7B | -5.6% | +8.0% | 3.7% | |
 PARR | $7.5B | -2.5% | +19.0% | 7.2% |
VLO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $122.69B | -5.5% | $5.37B | 4.4% | $4.31B | 3.5% |
| 2024 | $129.88B | -10.3% | $4.76B | 3.7% | $3.75B | 2.9% |
| 2023 | $144.77B | -17.9% | $12.89B | 8.9% | $11.86B | 8.2% |
| 2022 | $176.38B | +54.8% | $16.75B | 9.5% | $15.69B | 8.9% |
| 2021 | $113.98B | +75.6% | $3.08B | 2.7% | $2.13B | 1.9% |
| 2020 | $64.91B | -40.1% | $-788,000,000 | -1.2% | $-1,579,000,000 | -2.4% |
| 2019 | $108.32B | -7.4% | $4.72B | 4.4% | $3.84B | 3.5% |
| 2018 | $117.03B | +24.5% | $5.54B | 4.7% | $4.57B | 3.9% |
| 2017 | $93.98B | +24.2% | $4.50B | 4.8% | $3.60B | 3.8% |
| 2016 | $75.66B | -13.8% | $4.34B | 5.7% | $3.57B | 4.7% |
Full VLO Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See VLO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs VLO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare VLO vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonVLO — Frequently Asked Questions
Quick answers to the most common questions about buying VLO stock.
Is VLO's revenue growth accelerating or slowing?
VLO maintains +7.0% revenue growth, in line with its 5-year CAGR of +13.6%. TTM revenue stands at $126.2B. Growth rate remains consistent with historical average.
What is VLO's long-term revenue growth rate?
Valero Energy Corporation's 5-year revenue CAGR of +13.6% reflects the sustained expansion pattern. Current YoY growth of +7.0% is near this long-term average.
How is VLO's revenue distributed by segment?
VLO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.