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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%
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
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Valero Energy Corporation (VLO) Debt to equity

Alert me on Debt to equity

Valero Energy Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.4×, down 0.0× from fiscal 2025 (0.4×). Over the past ten years it has ranged from 0.3× (fiscal 2015) to 0.7× (fiscal 2020); the current reading is higher than 45% of that period. That is below the Oil & Gas Refining & Marketing industry median of 0.4× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.4× 4.97%
FY2024 0.4× (5.89%)
FY2023 0.4× (11.56%)
FY2022 0.5× (34.73%)
FY2021 0.7× (6.33%)
FY2020 0.7× 74.09%
FY2019 0.4× 7.11%
FY2018 0.4× 3.43%
FY2017 0.4× 0.96%
FY2016 0.4× 11.70%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.4× (11.86%)
Jun 2026 0.4× (5.88%)
Mar 2026 0.4× 6.89%
Dec 2025 0.4× 0.88%
43 more quarters

Against its own ten years

Low 0.3× High 0.7×
Ten-year median 0.4×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
DINO HF Sinclair Corporation compare 0.2×
PBF PBF Energy Inc. compare 0.3×
VLO Valero Energy Corporation 0.4×
PSX Phillips 66 compare 0.5×
UGP Ultrapar Participacoes S.A. compare 1.0×
MPC Marathon Petroleum Corporation compare 1.1×
CVI CVR Energy Inc. compare 1.4×
SUN Sunoco LP compare 1.5×
DK Delek US Holdings, Inc. compare 7.5×
Oil & Gas Refining & Marketing industry median 0.4×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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