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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.

Revenue: +43.3%
EPS: +575.1%
Free cash flow: +202.6%
Total debt: +3.97%

Quarter to September 2026, against a year earlier

352.09 13.25 −3.63%

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Market cap: $98.0B
P/E: 7.9×
Fwd P/E: 6.9×
Dividend yield: 1.34%
F-score: 6/9
Altman Z: 4.60
Beneish M: −2.94
Dividend safety: 62/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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