Saturday 17 October 2026
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Valero Energy Corporation
VLO Energy Oil & Gas Refining & Marketing
Valero Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $122.7 billion, down 5.54% from fiscal 2024. In the quarter to June 2026, revenue grew 48.8%, EPS grew 453.5%, free cash flow grew 871.1% and total debt rose 6.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
444.71
0.65
+0.15%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 6 | 6 | 5 | 4 | 8 | 9 | 6 | 5 | 6 |
P/E ratio |
14.28 | 10.03 | 10.24 | 15.95 | 0.00 | 33.23 | 4.12 | 5.28 | 14.44 | 21.28 |
P/S ratio |
0.43 | 0.44 | 0.27 | 0.36 | 0.35 | 0.27 | 0.27 | 0.32 | 0.30 | 0.41 |
Altman Z-Score |
3.66 | 4.01 | 4.37 | 3.95 | 2.52 | 3.35 | 5.60 | 4.91 | 4.35 | 4.60 |
P/FCF ratio |
9.17 | 11.44 | 12.19 | 10.94 | 0.00 | 8.31 | 4.79 | 6.26 | 8.40 | 12.45 |
Altman Z″-Score (non-manufacturers) |
4.44 | 4.34 | 4.41 | 3.88 | 3.09 | 2.88 | 5.24 | 5.47 | 4.75 | 4.98 |
Beneish M-Score |
(2.42) | (1.31) | (2.44) | (2.30) | — | (2.96) | (2.60) | (2.36) | (2.12) | (2.94) |
P/Operating CF |
32.53 | 24.71 | 19.03 | 22.64 | 239.83 | 12.46 | 11.58 | 37.23 | 36.89 | 24.45 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 62 |
P/B ratio |
1.56 | 1.79 | 1.41 | 1.72 | 1.17 | 1.54 | 1.86 | 1.62 | 1.43 | 1.89 |
Price to Tangible BV |
1.56 | 1.79 | 1.41 | 1.72 | 1.17 | 1.54 | 1.86 | 1.62 | 1.43 | 1.89 |
EV/Sales |
0.47 | 0.47 | 0.33 | 0.42 | 0.53 | 0.35 | 0.31 | 0.36 | 0.35 | 0.46 |
EV/EBITDA |
6.57 | 7.94 | 5.73 | 7.51 | 44.54 | 8.89 | 2.98 | 3.59 | 6.94 | 8.87 |
EV/Operating CF |
7.40 | 8.03 | 8.71 | 8.27 | 36.27 | 6.88 | 4.31 | 5.66 | 6.78 | 9.65 |
EV/FCF |
10.06 | 12.29 | 14.53 | 12.94 | (23.51) | 10.96 | 5.48 | 7.08 | 9.64 | 13.92 |
Quick Ratio |
1.29 | 1.15 | 0.96 | 0.88 | 1.02 | 0.86 | 0.96 | 1.07 | 0.99 | 1.03 |
Current Ratio |
2.02 | 1.74 | 1.65 | 1.44 | 1.71 | 1.26 | 1.38 | 1.56 | 1.53 | 1.65 |
Net Debt/EBITDA |
0.59 | 0.54 | 0.92 | 1.16 | 14.72 | 2.15 | 0.37 | 0.42 | 0.89 | 0.94 |
Debt/Assets |
17.33% | 17.69% | 18.16% | 17.96% | 28.35% | 23.96% | 19.08% | 18.28% | 17.40% | 18.31% |
Debt/Equity |
0.38 | 0.39 | 0.40 | 0.43 | 0.75 | 0.70 | 0.46 | 0.40 | 0.38 | 0.40 |
Asset Turnover |
1.67 | 1.95 | 2.33 | 2.08 | 1.23 | 2.08 | 2.97 | 2.33 | 2.11 | 2.08 |
Operating CF/Net income |
2.11 | 1.35 | 1.40 | 2.28 | (0.67) | 6.34 | 1.09 | 1.05 | 2.42 | 2.49 |
Capex/Depreciation |
(0.67) | (0.96) | (0.85) | (0.88) | (1.03) | (0.91) | (1.08) | (0.69) | (0.72) | (0.57) |
Interest Coverage |
7.92 | 7.61 | 9.73 | 8.45 | (2.80) | 3.53 | 27.92 | 20.03 | 6.75 | 5.72 |
| 10.85% | 18.58% | 13.68% | 10.70% | (6.74%) | 4.68% | 50.72% | 32.63% | 9.86% | 8.65% | |
| 5.06% | 8.44% | 6.22% | 4.66% | (2.69%) | 1.69% | 19.32% | 14.20% | 4.48% | 3.96% | |
ROIC |
9.19% | 8.59% | 9.90% | 8.09% | (3.18%) | 4.50% | 30.42% | 21.40% | 7.04% | 6.11% |
Return on Tangible Assets |
6.55% | 11.38% | 8.72% | 6.91% | (3.85%) | 2.63% | 30.50% | 22.23% | 7.35% | 6.38% |
Average Days of Receivables |
28.47 | 26.88 | 22.91 | 30.29 | 34.35 | 33.23 | 24.66 | 31.58 | 30.09 | 29.38 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
6.56% | 0.88% | 0.79% | 0.80% | 1.16% | 0.76% | 0.53% | 0.69% | 0.74% | 0.85% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.26) | (0.19) | (0.31) | (0.32) | (0.71) | (0.55) | (0.24) | (0.18) | (0.23) | (0.16) |
Graham Number |
70.84 | 103.84 | 93.75 | 84.89 | 0.00 | 49.76 | 205.61 | 212.13 | 127.78 | 121.74 |
Earnings Yield |
7.00% | 9.97% | 9.76% | 6.27% | (6.17%) | 3.01% | 24.28% | 18.94% | 6.93% | 4.70% |
Free Cash Flow Yield |
10.91% | 8.74% | 8.20% | 9.14% | (6.35%) | 12.03% | 20.87% | 15.98% | 11.90% | 8.03% |
Revenue per Share |
164.12 | 212.62 | 274.73 | 262.29 | 159.49 | 280.04 | 446.54 | 410.10 | 403.36 | 397.05 |
Operating CF per Share |
10.46 | 12.40 | 10.26 | 13.39 | 2.33 | 14.40 | 31.83 | 26.14 | 20.75 | 18.85 |
Capex per Share |
(2.77) | (4.29) | (4.11) | (4.83) | (5.92) | (5.36) | (6.78) | (5.26) | (6.17) | (5.78) |
Free Cash Flow per Share |
7.68 | 8.11 | 6.15 | 8.56 | (3.59) | 9.03 | 25.05 | 20.88 | 14.59 | 13.07 |
Cash per Share |
10.45 | 13.24 | 7.00 | 6.25 | 8.14 | 10.13 | 12.31 | 15.37 | 14.46 | 15.17 |
Shareholders Equity per Share |
45.24 | 51.81 | 53.36 | 54.57 | 48.26 | 48.69 | 64.48 | 80.80 | 85.47 | 86.10 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
45.24 | 51.81 | 53.36 | 54.57 | 48.26 | 48.69 | 64.48 | 80.80 | 85.47 | 86.10 |
Free Cash Flow |
3,542.00 | 3,584.00 | 2,619.00 | 3,537.00 | (1,463.00) | 3,677.00 | 9,895.00 | 7,372.00 | 4,697.00 | 4,040.00 |
Working Capital |
8,472.00 | 8,241.00 | 6,951.00 | 5,809.00 | 6,561.00 | 4,314.00 | 6,672.00 | 9,419.00 | 8,242.00 | 9,101.00 |
Capital Expenditures |
(1,278.00) | (1,898.00) | (1,752.00) | (1,994.00) | (2,411.00) | (2,182.00) | (2,679.00) | (1,857.00) | (1,986.00) | (1,786.00) |
Net Current Asset Value |
(8,519.00) | (7,946.00) | (9,749.00) | (12,359.00) | (16,288.00) | (16,906.00) | (11,381.00) | (8,311.00) | (8,885.00) | (8,173.00) |
EV/EBIT |
10.09 | 12.36 | 8.33 | 11.93 | 0.00 | 18.93 | 3.45 | 4.40 | 12.06 | 17.68 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
Price to Operating Income |
9.19 | 11.51 | 6.99 | 10.08 | 0.00 | 14.35 | 3.02 | 3.89 | 10.51 | 15.81 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.11 |
Cash ROIC |
10.52% | 9.53% | 7.52% | 10.17% | (3.89%) | 9.73% | 23.58% | 16.21% | 11.02% | 9.64% |
Accounts Receivable Turnover |
14.30 | 14.66 | 16.41 | 13.26 | 8.60 | 13.83 | 15.82 | 11.84 | 11.18 | 11.92 |
Accounts Payable Turnover |
11.58 | 12.17 | 13.16 | 11.02 | 8.06 | 11.93 | 12.65 | 10.42 | 10.14 | 10.55 |
Inventory Turnover |
11.24 | 14.80 | 17.26 | 15.29 | 10.06 | 18.02 | 24.52 | 18.39 | 16.30 | 15.28 |
Average Days of Payables |
35.58 | 34.05 | 28.15 | 35.97 | 33.81 | 41.14 | 29.11 | 34.79 | 35.29 | 31.56 |
Days of Inventory on Hand |
31.95 | 26.04 | 21.39 | 24.72 | 33.57 | 20.63 | 15.44 | 20.99 | 22.65 | 23.63 |
Average Receivables |
5,291.50 | 6,411.50 | 7,133.50 | 8,166.50 | 7,548.50 | 8,243.50 | 11,148.50 | 12,222.00 | 11,616.50 | 10,292.50 |
Average Payables |
5,632.00 | 7,352.50 | 8,471.00 | 9,399.50 | 8,143.50 | 9,288.50 | 12,611.50 | 12,647.50 | 12,329.50 | 11,115.50 |
Average Inventory |
5,803.50 | 6,046.50 | 6,458.00 | 6,772.50 | 6,525.50 | 6,151.50 | 6,508.50 | 7,167.50 | 7,672.00 | 7,676.00 |
Average Assets |
45,200.00 | 48,165.50 | 50,156.50 | 52,009.50 | 52,819.00 | 54,831.00 | 59,435.00 | 62,019.00 | 61,599.50 | 59,065.50 |
Average Common Equity |
21,104.00 | 21,877.00 | 22,815.50 | 22,633.50 | 21,089.00 | 19,729.50 | 22,642.50 | 26,996.00 | 28,022.50 | 27,063.00 |
Columns are period end dates