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

345.23 6.00 −1.71%
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) Operating margin

Alert me on Operating margin

Valero Energy Corporation's operating margin over the twelve months to 30 September 2026 was 11.5%, up 8.9 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 7.14% and below the Energy sector median of 15.2%.

Operating margin, annual

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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)
Sep 2026 19.7% 8.00
Jun 2026 11.7% 6.33
Mar 2026 5.35% 0.16
Dec 2025 5.19% 0.50
43 more quarters

Against its own ten years

Low −2.43% High 8.90%
Ten-year median 3.79%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
DINO HF Sinclair Corporation compare 13.5%
MPC Marathon Petroleum Corporation compare 12.5%
VLO Valero Energy Corporation 11.5%
PBF PBF Energy Inc. compare 9.78%
PSX Phillips 66 compare 9.16%
CVI CVR Energy Inc. compare 5.72%
UGP Ultrapar Participacoes S.A. compare 4.95%
DK Delek US Holdings, Inc. compare 4.84%
SUN Sunoco LP compare 4.60%
Oil & Gas Refining & Marketing industry median 7.14%
Energy sector median 15.2%
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

The full definition of Operating margin →

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