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

Valero Energy Corporation (VLO) Gross margin

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Valero Energy Corporation's gross margin over the twelve months to 30 September 2026 was 12.3%, up 7.8 percentage points from fiscal 2025 (4.43%). Over the past ten years it has ranged from −1.14% (fiscal 2020) to 15.0% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Oil & Gas Refining & Marketing industry median of 10.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 4.43% 0.73
FY2024 3.70% (5.23)
FY2023 8.93% (0.59)
FY2022 9.52% 6.77
FY2021 2.75% 3.89
FY2020 −1.14% (5.55)
FY2019 4.41% (0.37)
FY2018 4.78% (0.01)
FY2017 4.79% (9.01)
FY2016 13.8% (1.18)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 20.4% 8.11
Jun 2026 12.3% 5.96
Mar 2026 6.34% 0.07
Dec 2025 6.27% 0.76
43 more quarters

Against its own ten years

Low −1.14% High 15.0%
Ten-year median 4.78%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
DINO HF Sinclair Corporation compare 24.6%
PBF PBF Energy Inc. compare 15.9%
MPC Marathon Petroleum Corporation compare 15.9%
PSX Phillips 66 compare 15.1%
VLO Valero Energy Corporation 12.3%
SUN Sunoco LP compare 10.9%
UGP Ultrapar Participacoes S.A. compare 8.44%
CVI CVR Energy Inc. compare 7.54%
DK Delek US Holdings, Inc. compare 7.12%
Oil & Gas Refining & Marketing industry median 10.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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