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.
Follow VLO
Valero Energy Corporation (VLO) Operating margin
Valero Energy Corporation's operating margin over the twelve months to 30 June 2026 was 7.18%, up 4.6 percentage points from fiscal 2025 (2.59%). Over the past ten years it has ranged from −2.43% (fiscal 2020) to 8.90% (fiscal 2022); the current reading is higher than 27% of that period. That is above the Oil & Gas Refining & Marketing industry median of 5.35% and below the Energy sector median of 14.5%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 2.59% | (0.30) |
| FY2024 | 2.89% | (5.30) |
| FY2023 | 8.19% | (0.71) |
| FY2022 | 8.90% | 7.03 |
| FY2021 | 1.87% | 4.30 |
| FY2020 | −2.43% | (5.97) |
| FY2019 | 3.54% | (0.37) |
| FY2018 | 3.91% | 0.12 |
| FY2017 | 3.79% | (0.88) |
| FY2016 | 4.67% | (2.57) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 11.7% | 6.33 |
| Mar 2026 | 5.35% | 0.16 |
| Dec 2025 | 5.19% | 0.50 |
| Sep 2025 | 4.69% | 1.35 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MPC Marathon Petroleum Corporation compare | 9.20% |
| DINO HF Sinclair Corporation compare | 8.28% |
| VLO Valero Energy Corporation | 7.18% |
| PBF PBF Energy Inc. compare | 5.78% |
| PSX Phillips 66 compare | 5.74% |
| UGP Ultrapar Participacoes S.A. compare | 4.95% |
| SUN Sunoco LP compare | 4.76% |
| CVI CVR Energy Inc. compare | 4.12% |
| IEP Icahn Enterprises L.P. compare | 1.07% |
| Oil & Gas Refining & Marketing industry median | 5.35% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on VLO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow 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