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Saturday 17 October 2026 Export VLO’s income statement to Excel — free account

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%
Market cap
$127.9B
P/E
18.4×
Fwd P/E
8.3×
Dividend yield
1.06%
F-score
6/9
Altman Z
4.60
Beneish M
−2.94
Dividend safety
62/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Valero Energy Corporation (VLO) Gross margin

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Valero Energy Corporation's gross margin over the twelve months to 30 June 2026 was 8.03%, up 3.6 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 below the Oil & Gas Refining & Marketing industry median of 12.2% and below the Energy sector median of 49.5%.

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)
Jun 2026 12.3% 5.96
Mar 2026 6.34% 0.07
Dec 2025 6.27% 0.76
Sep 2025 5.51% 1.33
42 more quarters

Against its own ten years

Low −1.14% High 15.0%
Ten-year median 4.78%
Current reading's percentile 71

Gross margin against peers

Company Gross margin
DINO HF Sinclair Corporation compare 20.1%
IEP Icahn Enterprises L.P. compare 14.5%
PSX Phillips 66 compare 13.1%
MPC Marathon Petroleum Corporation compare 12.5%
SUN Sunoco LP compare 11.9%
PBF PBF Energy Inc. compare 11.6%
UGP Ultrapar Participacoes S.A. compare 8.44%
VLO Valero Energy Corporation 8.03%
CVI CVR Energy Inc. compare 6.10%
Oil & Gas Refining & Marketing industry median 12.2%
Energy sector median 49.5%
Market median 46.2%

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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