VLO Valero Energy Corporation Common Stock

NYSE · Energy · View on SEC EDGAR ↗

$260.61

Price · May 20, 2026

Fundamentals as of Apr 30, 2026

VLO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$260.61

Market Cap

$109.56B

P/E (TTM)

21.5

EPS (TTM)

$7.57

Revenue (TTM)

$122.69B

Div Yield

1.3%

ROE

9.7%

Debt/Equity

—

52W Range

$125 – $263

VLO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $122.69B

2016-12-31 → 2025-12-31

EPS $7.57

2016-12-31 → 2025-12-31

Free Cash Flow —

2016-12-31 → 2024-12-31

Margins 1.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

VLO

Peer Median

P/E (TTM)

21.5

32.5

P/S (TTM)

0.9

1.2

P/B

4.6

2.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

VLO

Peer Median

Operating Margin

2.6%

—

Net Profit Margin

1.9%

-37.3%

ROA

4.0%

-7.3%

ROE

9.7%

0.19%

ROIC

10.0%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

VLO

Peer Median

Current Ratio

1.6

1.8

Quick Ratio

1.0

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

VLO

Peer Median

Revenue YoY

-5.5%

—

Revenue CAGR 3Y

-11.4%

—

Revenue CAGR 5Y

13.6%

—

EPS YoY

-11.8%

—

Net Income YoY

-15.2%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

VLO

Peer Median

EPS (Diluted)

$7.57

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

VLO

Peer Median

Payout Ratio

59.8%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

1.3%

Payout Ratio

59.8%

5Y Div CAGR

—

Ex-date	Amount
Feb. 5, 2026	$1.2000
Nov. 20, 2025	$1.1300
July 31, 2025	$1.1300
May 20, 2025	$1.1300
Jan. 30, 2025	$1.1300
Nov. 20, 2024	$1.0700
Aug. 1, 2024	$1.0700
May 30, 2024	$1.0700
Jan. 31, 2024	$1.0700
Nov. 16, 2023	$1.0200
Aug. 2, 2023	$1.0200
May 22, 2023	$1.0200
Feb. 13, 2023	$1.0200
Nov. 16, 2022	$0.9800
Aug. 3, 2022	$0.9800
May 11, 2022	$0.9800
Feb. 2, 2022	$0.9800
Nov. 17, 2021	$0.9800
Aug. 4, 2021	$0.9800
May 14, 2021	$0.9800

VLO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 25 analysts

Strong Buy 4 16.0%
Buy 10 40.0%
Hold 10 40.0%
Sell 0 0.0%
Strong Sell 1 4.0%

12-Month Price Target

19 analysts · 2026-05-21

Median $260.00

Now $260.61

Low $181.00

High $300.00

Median target $260.00 -0.2%

Mean target $256.26 -1.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.62%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$4.22	$3.19	1.0%
Dec. 31, 2025	$3.82	$3.30	0.52%
Sept. 30, 2025	$3.66	$3.08	0.58%
June 30, 2025	$2.28	$1.75	0.53%
March 31, 2025	$0.89	$0.42	0.47%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
VLO	$109.56B	21.5	-5.5%	1.9%	9.7%	—
MPC	—	12.3	-4.4%	3.0%	23.1%	—
PSX	—	12.0	-7.5%	3.3%	15.6%	—
SUN	—	—	11.1%	2.1%	—	—
DINO	$10.29B	15.0	-6.0%	2.1%	6.3%	—
PBF	—	-19.5	-11.4%	-0.54%	-2.9%	—
SUNC	—	-492.8	11.1%	-0.02%	—	—
CVI	$2.56B	94.2	-5.9%	0.38%	3.8%	—
PARR	—	4.9	-6.4%	5.0%	27.8%	—
CLMT	$1.72B	-50.9	-1.2%	-0.82%	3.9%	5.9%
DK	$2.29B	-78.1	-9.5%	-0.21%	-5.4%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15

Annual Income Statement data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$122.69B	$129.88B	$144.77B	$176.38B	$113.98B	$64.91B	$108.32B	$117.03B	$93.98B	$75.66B
Cost of Revenue	$117.25B	$125.08B	$131.83B	$159.59B	$110.85B	$65.65B	$103.55B	$111.44B	$89.47B	$71.31B
SG&A Expense	$1.04B	$961M	$998M	$934M	$865M	$756M	$868M	$925M	$829M	$709M
Operating Expenses	·	·	·	·	·	·	·	·	·	$72.09B
Operating Income	$3.18B	$3.75B	$11.86B	$15.69B	$2.13B	$-1.58B	$3.84B	$4.57B	$3.56B	$3.53B
Interest Expense	$556M	$556M	$592M	$562M	$603M	$563M	$454M	$470M	$468M	$446M
Other Non-op	$380M	$499M	$502M	$179M	$16M	$132M	$104M	$130M	$112M	$94M
Pretax Income	$3.00B	$3.70B	$11.77B	$15.31B	$1.54B	$-2.01B	$3.49B	$4.23B	$3.21B	$3.18B
Income Tax	$759M	$692M	$2.62B	$3.43B	$255M	$-903M	$702M	$879M	$-949M	$765M
Net Income	$2.35B	$2.77B	$8.84B	$11.53B	$930M	$-1.42B	$2.42B	$3.12B	$4.07B	$2.29B
EPS (Basic)	$7.57	$8.58	$24.93	$29.05	$2.27	$-3.50	$5.84	$7.30	$9.17	$4.94
EPS (Diluted)	$7.57	$8.58	$24.92	$29.04	$2.27	$-3.50	$5.84	$7.29	$9.16	$4.94
Shares (Basic)	309,000,000	322,000,000	353,000,000	395,000,000	407,000,000	407,000,000	413,000,000	426,000,000	442,000,000	461,000,000
Shares (Diluted)	309,000,000	322,000,000	353,000,000	396,000,000	407,000,000	407,000,000	414,000,000	428,000,000	444,000,000	464,000,000
EBITDA	$6.34B	$6.53B	$14.56B	$18.16B	$4.54B	$772M	$6.09B	$6.64B	$5.58B	$5.47B

Balance Sheet 26

Annual Balance Sheet data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Equivalents	$4.69B	$4.66B	$5.42B	$4.86B	$4.12B	$3.31B	$2.58B	$2.98B	$5.85B	$4.82B
Receivables	$9.88B	$9.73B	$11.04B	$10.76B	$9.97B	$4.81B	$8.06B	$7.34B	$6.92B	$5.90B
Inventory	$7.59B	$7.76B	$7.58B	$6.75B	$6.26B	$6.04B	$7.01B	$6.53B	$6.38B	$5.71B
Prepaid Expense	$1.05B	$611M	$689M	$600M	$400M	$384M	$385M	$816M	$156M	$374M
Current Assets	$23.21B	$23.74B	$26.22B	$24.13B	$21.16B	$15.84B	$18.97B	$17.68B	$19.31B	$16.80B
PP&E (Net)	·	·	·	·	·	·	$29.26B	$28.85B	$27.48B	$26.47B
PP&E (Gross)	·	·	·	·	·	·	$44.29B	$42.47B	$40.01B	$37.73B
Accum. Depreciation	·	·	·	·	·	·	$15.03B	$13.62B	$12.53B	$11.26B
Goodwill	$260M	$260M	$260M	$260M	$260M	$260M	$260M	$260M	$0	·
Intangibles	$123M	$151M	$183M	$202M	$218M	$248M	$283M	$307M	$142M	$148M
Other Non-current Assets	·	$7.09B	$6.63B	$5.87B	$5.88B	$5.54B	$5.63B	$3.63B	$3.37B	$2.90B
Total Assets	$57.99B	$60.14B	$63.06B	$60.98B	$57.89B	$51.77B	$53.86B	$50.16B	$50.16B	$46.17B
Accounts Payable	$10.14B	$12.09B	$12.57B	$12.73B	$12.49B	$6.08B	$10.21B	$8.59B	$8.35B	$6.36B
Accrued Liabilities	$1.40B	$1.13B	$1.24B	$1.22B	$1.25B	$994M	$949M	$630M	$712M	$694M
Current Liabilities	$14.11B	$15.49B	$16.80B	$17.46B	$16.85B	$9.28B	$13.16B	$10.72B	$11.07B	$8.33B
Capital Leases	$665M	$699M	$753M	$776M	$940M	$885M	$959M	·	·	·
Deferred Tax	$5.15B	$5.27B	$5.35B	$5.22B	$5.21B	$5.28B	$5.10B	$4.96B	$4.71B	$7.36B
Other Non-current Liabilities	$2.46B	$2.14B	$2.26B	$2.31B	$3.40B	$3.62B	$3.89B	$2.87B	$2.73B	$1.74B
Long-term Debt	$8.26B	$8.09B	$9.22B	$9.24B	$11.95B	$13.01B	$8.88B	$8.50B	$8.31B	$7.93B
Common Stock	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M
Retained Earnings	$47.96B	$47.02B	$45.63B	$38.25B	$28.28B	$28.95B	$31.97B	$31.04B	$29.20B	$26.37B
Treasury Stock	$30.75B	$28.18B	$25.32B	$20.20B	$15.68B	$15.72B	$15.65B	$14.93B	$13.31B	$12.03B
AOCI	$-469M	$-1.27B	$-870M	$-1.36B	$-1.01B	$-1.25B	$-1.35B	$-1.51B	$-940M	$-1.41B
Stockholders' Equity	$23.73B	$24.51B	$26.35B	$23.56B	$18.43B	$18.80B	$21.80B	$21.67B	$21.99B	$20.02B
Liabilities + Equity	$57.99B	$60.14B	$63.06B	$60.98B	$57.89B	$51.77B	$53.86B	$50.16B	$50.16B	$46.17B
Shares Outstanding	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000	673,000,000

Cash Flow 17

Annual Cash Flow data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
D&A	$3.16B	$2.77B	$2.70B	$2.47B	$2.40B	$2.35B	$2.25B	$2.07B	$1.99B	$1.89B
Stock-based Comp	$117M	$100M	$107M	$103M	$88M	$80M	$89M	$86M	$77M	$68M
Deferred Tax	$-197M	$-87M	$103M	$50M	$-126M	$158M	$234M	$203M	$-2.54B	$230M
Other Non-cash	$400M	$1.13B	$-2.52B	$-1.58B	$2.56B	$-220M	$531M	$-1.11B	$1.90B	$339M
Operating Cash Flow	$5.83B	$6.68B	$9.23B	$12.57B	$5.86B	$948M	$5.53B	$4.37B	$5.48B	$4.82B
CapEx	·	$2.06B	$1.92B	$2.74B	$2.46B	$2.44B	$2.85B	$3.38B	$1.95B	$2.00B
Investing Cash Flow	$-1.84B	$-1.98B	$-1.86B	$-2.81B	$-2.16B	$-2.42B	$-3.00B	$-3.93B	$-2.38B	$-2.01B
Debt Issued	·	·	·	·	·	·	·	·	$380M	$2.15B
Net Debt Issued	·	·	·	·	·	·	·	·	$380M	$2.15B
Stock Repurchased	$2.60B	$2.88B	$5.14B	$4.58B	$27M	$156M	$777M	$1.71B	$1.37B	$1.34B
Net Stock Activity	$-2.60B	$-2.88B	$-5.14B	$-4.58B	$-27M	$-156M	$-777M	$-1.71B	$-1.37B	$-1.34B
Dividends Paid	$1.41B	$1.38B	$1.45B	$1.56B	$1.60B	$1.60B	$1.49B	$1.37B	$1.24B	$1.11B
Financing Cash Flow	$-4.18B	$-5.05B	$-6.94B	$-8.85B	$-2.85B	$2.08B	$-3.00B	$-3.17B	$-2.27B	$-2.01B
Net Change in Cash	$36M	$-595M	$562M	$740M	$809M	$730M	$-399M	$-2.87B	$1.03B	$702M
Taxes Paid	$699M	$843M	$3.49B	$3.29B	$-842M	$203M	$-116M	$1.36B	$410M	$444M
Free Cash Flow	·	$4.63B	$7.31B	$9.84B	$3.40B	$-1.49B	$2.69B	$995M	$4.13B	$3.54B
Levered FCF	·	$4.17B	$6.85B	$9.40B	$2.90B	$-1.80B	$2.32B	$623M	$3.52B	$3.20B

Profitability 7

Annual Profitability data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Operating Margin	2.6%	2.9%	8.2%	8.9%	1.9%	-2.4%	3.5%	3.9%	·	·
Net Margin	1.9%	2.1%	6.1%	6.5%	0.82%	-2.2%	2.2%	2.7%	·	·
Pretax Margin	2.5%	2.9%	8.1%	8.7%	1.4%	-3.1%	3.2%	3.6%	·	·
EBITDA Margin	5.2%	5.0%	10.1%	10.3%	4.0%	1.2%	5.6%	5.7%	·	·
ROA	4.0%	4.5%	14.2%	19.4%	1.7%	-2.7%	4.7%	6.2%	8.4%	5.1%
ROE	9.7%	10.9%	35.4%	54.9%	5.0%	-7.0%	11.1%	14.3%	19.4%	11.3%
ROIC	10.0%	12.4%	35.0%	51.7%	9.7%	-4.6%	14.1%	16.7%	21.2%	13.6%

Liquidity & Solvency 3

Annual Liquidity & Solvency data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Current Ratio	1.6	1.5	1.6	1.4	1.3	1.7	1.4	1.6	1.7	2.0
Quick Ratio	1.0	0.9	1.0	0.9	0.8	0.9	0.9	1.0	1.2	1.3
Interest Coverage	5.7	6.8	20.0	27.9	3.5	-2.8	8.4	9.7	7.7	8.0

Efficiency 3

Annual Efficiency data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Asset Turnover	2.1	2.1	2.3	3.0	2.1	1.2	2.1	2.3	·	·
Inventory Turnover	15.3	16.3	18.4	24.5	18.0	10.1	15.3	17.3	14.8	·
Receivables Turnover	13.0	12.5	13.3	17.0	15.4	10.1	13.3	16.4	·	·

Per Share 6

Annual Per Share data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Book Value / Share	$35.25	$36.42	$39.15	$35.01	$27.38	$27.94	$32.40	$32.19	$32.68	$29.75
Revenue / Share	$397.05	$403.36	$410.10	$445.41	$280.04	$159.49	$261.65	$273.44	·	·
Cash Flow / Share	$18.85	$20.75	$26.14	$31.75	$14.40	$2.33	$13.36	$10.21	$12.35	$10.39
Cash / Share	$6.97	$6.92	$8.06	$7.22	$6.12	$4.92	$3.84	$4.43	$8.69	$7.16
Dividend Paid / Share	$5	$4	$4	$4	$4	$4	$4	$3	$3	$2
EPS (TTM)	$7.57	$8.58	$24.92	$29.04	$2.27	$-3.50	$5.84	$7.29	$9.16	$4.94

Growth Rates 8

Annual Growth Rates data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue YoY	-5.5%	-10.3%	-17.9%	54.8%	75.6%	·	·	·	·	·
Revenue CAGR 3Y	-11.4%	4.5%	30.6%	·	·	·	·	·	·	·
Revenue CAGR 5Y	13.6%	·	·	·	·	·	·	·	·	·
EPS YoY	-11.8%	-65.6%	-14.2%	1179.3%	·	·	·	·	·	·
EPS CAGR 3Y	-36.1%	55.8%	·	·	·	·	·	·	·	·
Net Income YoY	-15.2%	-68.7%	-23.4%	1139.6%	·	·	·	·	·	·
Net Income CAGR 3Y	-41.2%	43.9%	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	-2.6%	·	·	·	·	·	·	·	·	·

Valuation (TTM) 13

Annual Valuation (TTM) data for VLO
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue TTM	$122.69B	$129.88B	$144.77B	$176.38B	$113.98B	$64.91B	$108.32B	$117.03B	$93.98B	$75.66B
Net Income TTM	$2.35B	$2.77B	$8.84B	$11.53B	$930M	$-1.42B	$2.42B	$3.12B	$4.07B	$2.29B
Market Cap	$109.56B	$82.50B	$87.49B	$85.38B	$50.55B	$38.07B	$63.03B	$50.45B	$61.86B	$45.98B
P/E	21.5	14.3	5.2	4.4	33.1	-16.2	16.0	10.3	10.0	13.8
P/S	0.9	0.6	0.6	0.5	0.4	0.6	0.6	0.4	0.7	0.6
P/B	4.6	3.4	3.3	3.6	2.7	2.0	2.9	2.3	2.8	2.3
P / Tangible Book	4.7	3.4	3.4	3.7	2.8	2.1	·	·	·	·
P / Cash Flow	18.8	12.3	9.5	6.8	8.6	40.2	11.4	11.5	11.3	9.5
P / FCF	·	17.8	12.0	8.7	14.9	-25.6	23.5	50.7	15.0	13.0
Dividend Yield	1.3%	1.7%	1.7%	1.8%	3.2%	4.2%	2.4%	2.7%	2.0%	2.4%
Earnings Yield	4.7%	7.0%	19.2%	22.9%	3.0%	-6.2%	6.2%	9.7%	10.0%	7.2%
Payout Ratio	59.8%	50.0%	16.4%	13.6%	172.3%	-112.6%	61.6%	43.9%	30.6%	48.5%
Annual Payout	$1.41B	$1.38B	$1.45B	$1.56B	$1.60B	$1.60B	$1.49B	$1.37B	$1.24B	$1.11B

Income Statement 14

Quarterly Income Statement data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$32.38B	$30.37B	$32.17B	$29.89B	$30.26B	$30.76B	$32.88B	$34.49B	$31.76B	$35.41B	$38.40B	$34.51B	$36.44B	$41.75B	$44.45B	$51.64B
Cost of Revenue	$30.33B	$28.47B	$30.40B	$28.64B	$29.75B	$30.13B	$32.12B	$33.05B	$29.78B	$33.54B	$34.63B	$31.53B	$32.13B	$37.07B	$40.43B	$45.16B
SG&A Expense	$285M	$315M	$246M	$220M	$261M	$266M	$234M	$203M	$258M	$295M	$250M	$209M	$244M	$282M	$214M	$233M
Operating Income	$1.73B	$1.57B	$1.51B	$997M	$-900M	$348M	$507M	$1.22B	$1.68B	$1.55B	$3.50B	$2.76B	$4.04B	$4.29B	$3.79B	$6.22B
Interest Expense	$140M	$139M	$139M	$141M	$137M	$135M	$141M	$140M	$140M	$149M	$149M	$148M	$146M	$137M	$138M	$142M
Other Non-op	$132M	$88M	$86M	$86M	$120M	$110M	$123M	$122M	$144M	$145M	$122M	$106M	$129M	$92M	$74M	$33M
Pretax Income	$1.72B	$1.52B	$1.46B	$942M	$-917M	$323M	$489M	$1.20B	$1.68B	$1.55B	$3.48B	$2.72B	$4.03B	$4.25B	$3.73B	$6.11B
Income Tax	$401M	$355M	$390M	$279M	$-265M	$-34M	$96M	$277M	$353M	$331M	$813M	$595M	$880M	$1.02B	$816M	$1.34B
Net Income	$1.26B	$1.13B	$1.09B	$714M	$-595M	$281M	$364M	$880M	$1.25B	$1.20B	$2.62B	$1.94B	$3.07B	$3.11B	$2.82B	$4.69B
EPS (Basic)	$4.22	$3.65	$3.54	$2.28	$-1.90	$0.98	$1.14	$2.71	$3.75	$3.73	$7.49	$5.41	$8.30	$8.06	$7.20	$11.58
EPS (Diluted)	$4.22	$3.66	$3.53	$2.28	$-1.90	$0.98	$1.14	$2.71	$3.75	$3.74	$7.49	$5.40	$8.29	$8.07	$7.19	$11.57
Shares (Basic)	298,000,000	-626,000,000	309,000,000	312,000,000	314,000,000	-651,000,000	318,000,000	324,000,000	331,000,000	-723,000,000	349,000,000	358,000,000	369,000,000	-807,000,000	390,000,000	404,000,000
Shares (Diluted)	298,000,000	-626,000,000	309,000,000	312,000,000	314,000,000	-651,000,000	318,000,000	324,000,000	331,000,000	-723,000,000	349,000,000	358,000,000	369,000,000	-806,000,000	390,000,000	404,000,000
EBITDA	$2.57B	·	$1.51B	$997M	$-209M	·	$507M	$1.22B	$2.37B	·	$3.50B	$2.76B	$4.70B	·	$3.79B	$6.22B

Balance Sheet 24

Quarterly Balance Sheet data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$5.73B	$4.69B	$4.76B	$4.54B	$4.63B	$4.66B	$5.18B	$5.25B	$4.92B	·	$5.83B	$5.08B	$5.52B	·	$3.97B	$5.39B
Receivables	$13.41B	$9.21B	$10.33B	$11.07B	$11.24B	$9.73B	$11.07B	$13.14B	$12.15B	·	$12.57B	$10.89B	$9.69B	·	$11.58B	$14.44B
Inventory	$7.56B	$7.59B	$7.39B	$7.54B	$7.12B	$7.76B	$7.05B	$8.03B	$7.91B	·	$7.51B	$6.96B	$7.46B	·	$6.63B	$7.15B
Prepaid Expense	$1.13B	$1.05B	$1.01B	$656M	$599M	$611M	$671M	$696M	$695M	·	$667M	$771M	$671M	·	$518M	$431M
Current Assets	$27.82B	$23.21B	$23.50B	$23.80B	$23.59B	$23.74B	$23.98B	$27.11B	$25.67B	·	$26.58B	$23.70B	$23.34B	·	$22.70B	$27.41B
PP&E (Net)	·	·	$1.25B	$1.41B	·	·	·	·	·	·	·	·	·	·	·	·
Goodwill	·	$260M	·	·	·	$260M	·	·	·	·	·	·	·	·	·	·
Intangibles	·	$123M	·	·	·	$151M	·	·	·	·	·	·	·	·	·	·
Other Non-current Assets	·	·	$7.37B	$7.39B	$7.04B	·	$6.72B	$6.73B	$6.83B	·	$6.34B	$6.40B	$6.06B	·	$6.12B	$6.18B
Total Assets	$62.14B	$57.99B	$58.62B	$59.43B	$59.18B	$60.14B	$60.38B	$63.62B	$62.57B	·	$63.17B	$60.67B	$60.18B	·	$59.33B	$64.34B
Accounts Payable	$13.40B	$10.14B	$10.69B	$11.50B	$11.98B	$12.09B	$11.52B	$14.56B	$12.46B	·	$13.34B	$10.82B	$10.50B	·	$13.00B	$16.64B
Accrued Liabilities	$1.31B	$1.40B	$1.44B	$1.29B	$1.15B	$1.13B	$1.19B	$1.06B	$1.10B	·	$1.22B	$1.12B	$1.17B	·	$1.26B	$1.11B
Current Liabilities	$17.65B	$14.11B	$14.73B	$14.68B	$15.14B	$15.49B	$15.30B	$18.32B	$16.15B	·	$17.59B	$14.95B	$15.37B	·	$17.24B	$21.97B
Capital Leases	·	$665M	·	·	·	$699M	·	·	·	·	·	·	·	·	·	·
Deferred Tax	$4.72B	$5.15B	$5.02B	$5.05B	$4.95B	$5.27B	$5.26B	$5.22B	$5.26B	·	$5.23B	$5.38B	$5.28B	·	$4.94B	$4.79B
Other Non-current Liabilities	$2.37B	$2.46B	$2.43B	$2.50B	$2.46B	$2.14B	$2.03B	$2.08B	$2.30B	·	$2.19B	$2.21B	$2.29B	·	$2.87B	$2.99B
Long-term Debt	·	$8.26B	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Common Stock	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	·	$7M	$7M	$7M	·	$7M	$7M
Retained Earnings	$48.86B	$47.96B	$47.17B	$46.42B	$46.06B	$47.02B	$47.07B	$47.05B	$46.52B	·	$44.77B	$42.51B	$40.94B	·	$35.51B	$33.08B
Treasury Stock	$31.29B	$30.75B	$29.69B	$28.76B	$28.42B	$28.18B	$27.94B	$27.37B	$26.33B	·	$24.38B	$22.59B	$21.64B	·	$18.47B	$17.54B
AOCI	$-712M	$-469M	$-708M	$-553M	$-1.11B	$-1.27B	$-830M	$-1.17B	$-1.05B	·	$-1.32B	$-971M	$-1.21B	·	$-2.00B	$-1.43B
Stockholders' Equity	$23.87B	$23.73B	$23.75B	$24.08B	$23.49B	$24.51B	$25.25B	$25.44B	$26.06B	·	$25.98B	$25.85B	$24.98B	·	$21.91B	$20.97B
Liabilities + Equity	$62.14B	$57.99B	$58.62B	$59.43B	$59.18B	$60.14B	$60.38B	$63.62B	$62.57B	·	$63.17B	$60.67B	$60.18B	·	$59.33B	$64.34B
Shares Outstanding	·	673,000,000	·	·	·	673,000,000	·	·	·	673,000,000	·	·	·	673,000,000	·	·

Cash Flow 13

Quarterly Cash Flow data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$840M	$817M	$836M	$814M	$691M	$698M	$685M	$696M	$695M	$690M	$682M	$669M	$660M	$633M	$632M	$602M
Other Non-cash	$-713M	·	·	·	$856M	·	·	·	$-94M	·	·	·	$-557M	·	·	·
Operating Cash Flow	$1.39B	$2.06B	$1.88B	$936M	$952M	$1.07B	$1.29B	$2.47B	$1.85B	$1.24B	$3.31B	$1.51B	$3.17B	$4.10B	$2.04B	$5.84B
CapEx	·	·	$409M	$407M	$659M	·	$429M	$420M	$661M	·	·	·	·	·	·	·
Investing Cash Flow	$-400M	$-419M	$-379M	$-412M	$-635M	$-544M	$-408M	$-392M	$-637M	$-483M	$-304M	$-529M	$-549M	$-735M	$-610M	$-619M
Stock Repurchased	$573M	$1.06B	$922M	$338M	$274M	$259M	$560M	$1.03B	$1.02B	$956M	$1.79B	$942M	$1.45B	$1.81B	$877M	$1.75B
Net Stock Activity	$-573M	·	·	·	$-274M	·	·	·	$-1.02B	·	·	·	$-1.45B	·	·	·
Dividends Paid	$359M	$344M	$351M	$354M	$356M	$339M	$342M	$347M	$356M	$346M	$360M	$367M	$379M	$376M	$386M	$399M
Financing Cash Flow	$124M	$-1.75B	$-1.20B	$-849M	$-382M	$-784M	$-1.07B	$-1.55B	$-1.64B	$-1.30B	$-2.12B	$-1.52B	$-2.00B	$-2.58B	$-2.63B	$-2.41B
Net Change in Cash	$1.05B	$-76M	$229M	$-95M	$-22M	$-525M	$-60M	$497M	$-507M	$-407M	$756M	$-446M	$659M	$893M	$-1.42B	$2.75B
Taxes Paid	$63M	$301M	$115M	$248M	$35M	$8M	$176M	$556M	$103M	$396M	$688M	$1.79B	$616M	$658M	$1.71B	$712M
Free Cash Flow	·	·	·	·	$293M	·	·	·	·	·	·	·	·	·	·	·
Levered FCF	·	·	·	·	$196M	·	·	·	·	·	·	·	·	·	·	·

Profitability 7

Quarterly Profitability data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	5.3%	·	4.7%	3.3%	-3.0%	·	1.5%	3.5%	5.3%	·	9.1%	8.0%	11.1%	·	8.5%	12.0%
Net Margin	3.9%	·	3.4%	2.4%	-2.0%	·	1.1%	2.5%	3.9%	·	6.8%	5.6%	8.4%	·	6.3%	9.1%
Pretax Margin	5.3%	·	4.5%	3.1%	-3.0%	·	1.5%	3.5%	5.3%	·	9.0%	7.9%	11.1%	·	8.4%	11.8%
EBITDA Margin	7.9%	·	4.7%	3.3%	-0.69%	·	1.5%	3.5%	7.5%	·	9.1%	8.0%	12.9%	·	8.5%	12.0%
ROA	2.1%	·	1.8%	1.2%	-0.98%	·	0.59%	1.4%	2.0%	·	4.3%	3.1%	5.1%	·	4.9%	7.8%
ROE	5.3%	·	4.5%	2.9%	-2.4%	·	1.4%	3.4%	4.9%	·	10.9%	8.3%	14.0%	·	14.3%	24.3%
ROIC	5.6%	·	4.7%	2.9%	-2.7%	·	1.6%	3.7%	5.1%	·	10.3%	8.3%	12.7%	·	13.5%	23.1%

Liquidity & Solvency 3

Quarterly Liquidity & Solvency data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.6	·	1.6	1.6	1.6	·	1.6	1.5	1.6	·	1.5	1.6	1.5	·	1.3	1.2
Quick Ratio	1.1	·	1.0	1.1	1.0	·	1.1	1.0	1.1	·	1.0	1.1	1.0	·	0.9	0.9
Interest Coverage	12.4	·	10.9	7.1	-6.6	·	3.6	8.7	12.0	·	23.5	18.6	27.7	·	27.5	43.8

Efficiency 3

Quarterly Efficiency data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover	0.5	·	0.5	0.5	0.5	·	0.5	0.6	0.5	·	0.6	0.6	0.6	·	0.8	0.9
Inventory Turnover	4.1	·	4.2	3.7	4.0	·	4.4	4.4	3.9	·	4.9	4.5	4.4	·	6.3	6.8
Receivables Turnover	2.6	·	3.0	2.5	2.6	·	2.8	2.9	2.9	·	3.2	2.7	3.2	·	4.4	4.4

Per Share 4

Quarterly Per Share data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue / Share	$108.66	·	$104.10	$95.80	$96.36	·	$103.38	$106.45	$95.95	·	$110.04	$96.39	$98.75	·	$113.98	$127.82
Cash Flow / Share	$4.66	·	·	·	$3.03	·	·	·	$5.58	·	·	·	$8.59	·	·	·
Dividend Paid / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$8.13	·	$5.05	$4.23	$5.70	·	$15.09	$19.35	$24.93	·	$28.37	$32.45	$29.26	·	$22.10	$15.30

Valuation (TTM) 5

Quarterly Valuation (TTM) data for VLO
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$124.70B	·	$125.19B	$127.51B	$129.38B	·	$137.53B	$139.16B	$141.11B	·	$153.81B	$167.04B	$171.08B	·	$164.16B	$147.45B
Net Income TTM	$2.48B	·	$1.58B	$1.36B	$1.89B	·	$5.11B	$6.69B	$8.88B	·	$10.45B	$12.52B	$11.48B	·	$8.88B	$6.22B
P/E	30.4	·	33.7	31.8	23.2	·	8.9	8.1	6.8	·	5.0	3.6	4.8	·	4.8	6.9
Earnings Yield	3.3%	·	3.0%	3.1%	4.3%	·	11.2%	12.3%	14.6%	·	20.0%	27.7%	21.0%	·	20.7%	14.4%
Payout Ratio	28.4%	·	·	·	-59.8%	·	·	·	28.6%	·	·	·	12.4%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$122.69B	$129.88B	$144.77B	$176.38B	$113.98B
Operating Margin %	2.6%	2.9%	8.2%	8.9%	1.9%
Net Income	$2.35B	$2.77B	$8.84B	$11.53B	$930M
Diluted EPS	$7.57	$8.58	$24.92	$29.04	$2.27

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	1.6	1.5	1.6	1.4	1.3
Quick Ratio	1.0	0.9	1.0	0.9	0.8

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	—	$4.63B	$7.31B	$9.84B	$3.40B

Latest News Recent headlines mentioning this company

Analyst Report: Valero Energy Corp Yahoo Finance · 2 days, 8 hours ago
Market Update: HWM, CSCO, ITRI, VLO, XYL, GEHC Yahoo Finance · 2 days, 8 hours ago
What Are Wall Street Analysts' Target Price for Valero Energy Stock? Yahoo Finance · 5 days, 19 hours ago
Valero Energy Q1 Earnings Call Highlights Yahoo Finance · 2 weeks, 3 days ago
3 Surprising S&P 500 Outperformers of 2026 Yahoo Finance · 1 month, 1 week ago

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