Valero Energy Corp (VLO)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

Symbol
VLO
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Market cap
$119.45B
52 week range
155.29 - 419.04

Valuation

Share price
$406.30 (close of 2026-10-02)
P/E (TTM)
16.91x
Price to book
4.23x
Price to free cash flow
11.38x
Enterprise value
$122.93B
Book value per share
$96.15

Price performance

PeriodChange
1 day-0.53%
5 days+4.94%
1 month+10.98%
3 months+51.74%
6 months+66.45%
Year to date+149.59%
1 year+146.69%
3 years+194.23%
5 years+451.89%
10 years+666.60%
All time+7273.87%

Members of Congress who disclosed VLO trades

Gilbert Ray Cisneros · Jefferson Shreve · Markwayne Mullin · Robert Bresnahan · John Boozman

Super investors holding VLO

Ray Dalio (Bridgewater Associates) · Ken Griffin (Citadel) · Christopher Bloomstran (Semper Augustus Investments Grroup LLC)

Profitability and growth

Return on equity
8.83%
Return on invested capital
7.20%
Return on assets
4.05%
Return on capital employed
7.25%
Gross margin
4.43%
Net margin
1.91%
EBITDA margin
5.17%
Revenue growth
-5.54%
Net income growth
-15.23%
Free cash flow growth
25.94%

Cash flow and balance sheet

Free cash flow yield (TTM)
8.79%
Current ratio
1.64x
Net debt to EBITDA
0.25x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$122.69B
Cost of revenue
$117.25B
Gross profit
$5.43B
EBITDA
$6.34B
Net income
$2.35B
Earnings per share
$7.57
Interest expense
$556.00M
Shares outstanding
309.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$122.69B$5.43B$2.35B$7.57
2024-12-31$129.88B$4.80B$2.77B$8.58
2023-12-31$144.77B$12.93B$8.84B$24.93
2022-12-31$176.38B$16.80B$11.53B$29.05
2021-12-31$113.98B$3.13B$930.00M$2.27
2020-12-31$64.91B-$740.00M-$1.42B$-3.50
2019-12-31$108.32B$4.78B$2.42B$5.84
2018-12-31$117.03B$5.59B$3.12B$7.30
2017-12-31$93.98B$4.50B$4.07B$9.17
2016-12-31$75.66B$4.35B$2.29B$4.94

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-314.43%1.91%8.83%7.20%
2024-12-313.70%2.13%10.07%8.90%
2023-12-318.93%6.10%30.97%25.85%
2022-12-319.52%6.54%45.26%36.79%
2021-12-312.75%0.82%4.69%5.84%
2020-12-31-1.14%-2.19%-7.23%-2.40%
2019-12-314.41%2.24%10.75%9.98%
2018-12-314.78%2.67%13.73%12.96%
2017-12-314.79%4.33%17.75%13.98%
2016-12-315.75%3.03%10.98%11.50%

Cash and debt by year

Period endCashDebt
2025-12-31$4.69B$8.26B
2024-12-31$4.66B$8.09B
2023-12-31$5.42B$9.22B
2022-12-31$4.86B$9.24B
2021-12-31$4.12B$11.95B
2020-12-31$3.31B$13.01B
2019-12-31$2.58B$8.88B
2018-12-31$2.98B$8.50B
2017-12-31$5.85B$8.31B
2016-12-31$4.82B$7.93B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$5.83B$117.00M
2024-12-31$4.63B$100.00M
2023-12-31$7.31B$107.00M
2022-12-31$9.84B$103.00M
2021-12-31$3.40B$88.00M
2020-12-31-$1.49B$80.00M
2019-12-31$2.69B$89.00M
2018-12-31$995.00M$86.00M
2017-12-31$4.13B$77.00M
2016-12-31$3.54B$68.00M

Dividend history

Most recent payment
2026-07-31
Paid in the last twelve months
$4.73
Payment dateDividend per share
2026-07-31$1.20
2026-05-21$1.20
2026-02-05$1.20
2025-11-20$1.13
2025-07-31$1.13
2025-05-20$1.13
2025-01-30$1.13
2024-11-20$1.07

Investor relations

Next earnings report

Next confirmed report
2026-10-22
Consensus EPS estimate
$18.09

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$9.87
2026-04-30Mar/2026$3.07
2026-01-29Dec/2025$3.22
2025-10-23Sep/2025$2.95
2025-07-24Jun/2025$1.73
2025-04-24Mar/2025$0.43
2025-01-30Dec/2024$0.13
2024-10-24Sep/2024$1.29

Filings and sources

Company website
valero.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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