VLO
Valero Energy Corporation
NYSE: VLO · ENERGY · OIL & GAS REFINING & MARKETING
$251.30
+4.59% today
Updated 2026-04-29
Market cap
$70.53B
P/E ratio
31.16
P/S ratio
0.61x
EPS (TTM)
$7.57
Dividend yield
1.93%
52W range
$109 – $258
Volume
3.8M
Valero Energy Corporation (VLO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.83B | $95.33B | $119.11B | $68.14B | $82.23B | $125.99B | $139.25B | $138.07B | $130.84B | $87.80B | $75.66B | $93.98B | $117.03B | $108.32B | $64.91B | $113.98B | $176.38B | $144.77B | $129.88B | $122.69B |
| Revenue growth (YoY) | — | +3.8% | +25.0% | -42.8% | +20.7% | +53.2% | +10.5% | -0.8% | -5.2% | -32.9% | -13.8% | +24.2% | +24.5% | -7.4% | -40.1% | +75.6% | +54.8% | -17.9% | -10.3% | -5.5% |
| Cost of revenue | $81.27B | $85.66B | $111.98B | $65.27B | $74.46B | $121.74B | $133.53B | $133.35B | $124.22B | $80.74B | $71.32B | $89.48B | $111.49B | $103.60B | $65.70B | $110.89B | $159.63B | $131.88B | $125.12B | $117.32B |
| Gross profit | $10.57B | $9.67B | $7.13B | $2.87B | $7.78B | $4.25B | $5.72B | $4.72B | $6.63B | $7.07B | $4.34B | $4.50B | $5.54B | $4.72B | $-788.00M | $3.08B | $16.75B | $12.89B | $4.76B | $5.37B |
| Gross margin | 11.5% | 10.1% | 6.0% | 4.2% | 9.5% | 3.4% | 4.1% | 3.4% | 5.1% | 8.0% | 5.7% | 4.8% | 4.7% | 4.4% | -1.2% | 2.7% | 9.5% | 8.9% | 3.7% | 4.4% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $598.00M | $598.00M | $559.00M | $572.00M | $531.00M | $571.00M | $698.00M | $758.00M | $724.00M | $710.00M | $715.00M | $835.00M | $925.00M | $868.00M | $756.00M | $865.00M | $934.00M | $998.00M | $961.00M | $1.04B |
| Operating income | $8.01B | $6.92B | $563.00M | $-58.00M | $1.88B | $3.68B | $4.01B | $3.96B | $5.90B | $6.36B | $3.57B | $3.60B | $4.57B | $3.84B | $-1.58B | $2.13B | $15.69B | $11.86B | $3.75B | $4.31B |
| Operating margin | 8.7% | 7.3% | 0.5% | -0.1% | 2.3% | 2.9% | 2.9% | 2.9% | 4.5% | 7.2% | 4.7% | 3.8% | 3.9% | 3.5% | -2.4% | 1.9% | 8.9% | 8.2% | 2.9% | 3.5% |
| EBITDA | $8.88B | $8.29B | $2.15B | $1.63B | $3.39B | $5.26B | $6.63B | $5.71B | $7.59B | $8.20B | $5.51B | $5.59B | $6.67B | $6.14B | $904.00M | $4.55B | $18.34B | $14.66B | $7.03B | $6.72B |
| EBITDA margin | 9.7% | 8.7% | 1.8% | 2.4% | 4.1% | 4.2% | 4.8% | 4.1% | 5.8% | 9.3% | 7.3% | 5.9% | 5.7% | 5.7% | 1.4% | 4.0% | 10.4% | 10.1% | 5.4% | 5.5% |
| EBIT | $7.72B | $6.92B | $676.00M | $100.00M | $1.98B | $3.72B | $5.05B | $3.99B | $5.90B | $6.36B | $3.62B | $3.60B | $4.60B | $3.88B | $-1.45B | $2.15B | $15.87B | $11.96B | $4.25B | $3.56B |
| Interest expense | $0.00 | $0.00 | $347.00M | $408.00M | $484.00M | $401.00M | $313.00M | $365.00M | $397.00M | $433.00M | $446.00M | $468.00M | $470.00M | $454.00M | $563.00M | $603.00M | $562.00M | $592.00M | $556.00M | $556.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $5.46B | $5.23B | $-1.13B | $-1.98B | $324.00M | $2.09B | $2.08B | $2.72B | $3.63B | $3.99B | $2.29B | $4.07B | $3.12B | $2.42B | $-1.43B | $930.00M | $11.53B | $8.84B | $2.77B | $2.35B |
| Net income growth (YoY) | — | -4.2% | -121.6% | -75.2% | +116.3% | +545.1% | -0.3% | +30.6% | +33.5% | +9.9% | -42.6% | +77.6% | -23.2% | -22.4% | -158.9% | +165.2% | +1139.6% | -23.4% | -68.6% | -15.2% |
| Profit margin | 5.9% | 5.5% | -0.9% | -2.9% | 0.4% | 1.7% | 1.5% | 2.0% | 2.8% | 4.5% | 3.0% | 4.3% | 2.7% | 2.2% | -2.2% | 0.8% | 6.5% | 6.1% | 2.1% | 1.9% |