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.
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Valero Energy Corporation (VLO) Free cash flow margin
Valero Energy Corporation's free cash flow margin over the twelve months to 30 June 2026 was 6.73%, up 3.4 percentage points from fiscal 2025 (3.29%). Over the past ten years it has ranged from −2.25% (fiscal 2020) to 5.61% (fiscal 2022); the current reading is higher than 45% of that period. That is above the Oil & Gas Refining & Marketing industry median of 4.25% and in line with the Energy sector median of 6.79%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 3.29% | (0.33) |
| FY2024 | 3.62% | (1.47) |
| FY2023 | 5.09% | (0.52) |
| FY2022 | 5.61% | 2.38 |
| FY2021 | 3.23% | 5.48 |
| FY2020 | −2.25% | (5.52) |
| FY2019 | 3.27% | 1.03 |
| FY2018 | 2.24% | (1.57) |
| FY2017 | 3.81% | (0.87) |
| FY2016 | 4.68% | 0.13 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| MPC Marathon Petroleum Corporation compare | 9.05% |
| DINO HF Sinclair Corporation compare | 7.19% |
| VLO Valero Energy Corporation | 6.73% |
| UGP Ultrapar Participacoes S.A. compare | 5.52% |
| CVI CVR Energy Inc. compare | 4.26% |
| SUN Sunoco LP compare | 4.25% |
| PSX Phillips 66 compare | 4.20% |
| PBF PBF Energy Inc. compare | 2.66% |
| IEP Icahn Enterprises L.P. compare | −2.37% |
| Oil & Gas Refining & Marketing industry median | 4.25% |
| Energy sector median | 6.79% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on VLO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement