VALERO ENERGY CORP/TX (VLO)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue30,372,000,000$32,168,000,000$29,889,000,000$30,258,000,000$30,756,000,000$32,876,000,000$34,490,000,000$31,759,000,000$35,414,000,000$38,404,000,000$34,509,000,000$36,439,000,000$41,746,000,000$44,454,000,000$51,641,000,000$38,542,000,000$35,903,000,000$29,520,000,000$27,748,000,000$20,806,000,000$16,604,000,000$15,809,000,000$10,397,000,000$22,102,000,000$27,879,000,000$27,249,000,000$28,933,000,000$24,263,000,000$28,730,000,000$30,849,000,000$31,015,000,000$26,439,000,000$26,392,000,000$23,562,000,000$22,254,000,000$21,772,000,000$
QoQ%(5.58%)7.63%(1.22%)(1.62%)(6.45%)(4.68%)8.60%(10.32%)(7.79%)11.29%(5.30%)(12.71%)(6.09%)(13.92%)33.99%7.35%21.62%6.39%33.37%25.31%5.03%52.05%(52.96%)(20.72%)2.31%(5.82%)19.25%(15.55%)(6.87%)(.54%)17.31%.18%12.01%5.88%2.21%
YoY%(1.25%)(2.15%)(13.34%)(4.73%)(13.15%)(14.39%)(.06%)(12.84%)(15.17%)(13.61%)(33.18%)(5.46%)16.27%50.59%86.11%85.25%116.23%86.73%166.89%(5.86%)(40.44%)(41.98%)(64.07%)(8.91%)(2.96%)(11.67%)(6.71%)(8.23%)8.86%30.93%39.37%21.44%
Cost Of Revenue28,468,000,000$30,396,000,000$28,640,000,000$29,751,000,000$30,127,000,000$32,122,000,000$33,051,000,000$29,776,000,000$33,540,000,000$34,634,000,000$31,528,000,000$32,132,000,000$37,071,000,000$40,431,000,000$45,162,000,000$36,923,000,000$33,993,000,000$28,602,000,000$27,039,000,000$21,214,000,000$16,834,000,000$16,207,000,000$8,424,000,000$24,187,000,000$25,876,000,000$26,130,000,000$27,810,000,000$23,730,000,000$27,184,000,000$29,398,000,000$29,480,000,000$25,377,000,000$25,282,000,000$21,948,000,000$21,205,000,000$21,040,000,000$19,915,000,000$18,553,000,000$1,016,000,000$1,102,000,000$2,293,000,000$1,538,000,000$1,513,000,000$1,426,000,000$
Gross Profit1,904,000,000$1,772,000,000$1,249,000,000$507,000,000$629,000,000$754,000,000$1,439,000,000$1,983,000,000$1,874,000,000$3,770,000,000$2,981,000,000$4,307,000,000$4,675,000,000$4,023,000,000$6,479,000,000$1,619,000,000$1,910,000,000$918,000,000$709,000,000$(408,000,000$)(230,000,000$)(398,000,000$)1,973,000,000$(2,085,000,000$)2,003,000,000$1,119,000,000$1,123,000,000$533,000,000$1,546,000,000$1,451,000,000$1,535,000,000$1,062,000,000$1,110,000,000$1,614,000,000$1,049,000,000$732,000,000$841,000,000$1,096,000,000$1,457,000,000$997,000,000$(2,293,000,000$)(1,538,000,000$)(1,513,000,000$)(1,426,000,000$)
Gross Margin6.27%5.51%4.18%1.68%2.05%2.29%4.17%6.24%5.29%9.82%8.64%11.82%11.20%9.05%12.55%4.20%5.32%3.11%2.56%(1.96%)(1.39%)(2.52%)18.98%(9.43%)7.19%4.11%3.88%2.20%5.38%4.70%4.95%4.02%4.21%6.85%4.71%3.36%
Operating Expenses329,000,000$263,000,000$252,000,000$1,407,000,000$281,000,000$247,000,000$218,000,000$304,000,000$321,000,000$267,000,000$222,000,000$264,000,000$380,000,000$231,000,000$260,000,000$235,000,000$316,000,000$225,000,000$200,000,000$258,000,000$240,000,000$223,000,000$184,000,000$192,000,000$264,000,000$238,000,000$215,000,000$225,000,000$247,000,000$232,000,000$282,000,000$261,000,000$267,000,000$282,000,000$189,000,000$204,000,000$221,000,000$204,000,000$226,000,000$168,000,000$(2,939,000,000$)(3,677,000,000$)(3,591,000,000$)(2,921,000,000$)639,000,000$610,000,000$584,000,000$581,000,000$
Operating Income1,575,000,000$1,509,000,000$997,000,000$(900,000,000$)348,000,000$507,000,000$1,221,000,000$1,679,000,000$1,553,000,000$3,503,000,000$2,759,000,000$4,043,000,000$4,295,000,000$3,792,000,000$6,219,000,000$1,384,000,000$1,594,000,000$693,000,000$509,000,000$(666,000,000$)(470,000,000$)(621,000,000$)1,789,000,000$(2,277,000,000$)1,739,000,000$881,000,000$908,000,000$308,000,000$1,299,000,000$1,219,000,000$1,253,000,000$801,000,000$843,000,000$1,332,000,000$860,000,000$528,000,000$620,000,000$892,000,000$1,231,000,000$829,000,000$646,000,000$2,139,000,000$2,078,000,000$1,495,000,000$1,796,000,000$1,670,000,000$1,085,000,000$1,351,000,000$
Operating Margin5.19%4.69%3.34%(2.97%)1.13%1.54%3.54%5.29%4.39%9.12%8.00%11.10%10.29%8.53%12.04%3.59%4.44%2.35%1.83%(3.20%)(2.83%)(3.93%)17.21%(10.30%)6.24%3.23%3.14%1.27%4.52%3.95%4.04%3.03%3.19%5.65%3.86%2.43%
Interest Income
Interest Expenses139,000,000$139,000,000$141,000,000$137,000,000$135,000,000$141,000,000$140,000,000$140,000,000$149,000,000$149,000,000$148,000,000$146,000,000$137,000,000$138,000,000$142,000,000$145,000,000$152,000,000$152,000,000$150,000,000$149,000,000$153,000,000$143,000,000$142,000,000$125,000,000$119,000,000$111,000,000$112,000,000$112,000,000$114,000,000$111,000,000$124,000,000$121,000,000$114,000,000$114,000,000$119,000,000$121,000,000$112,000,000$115,000,000$111,000,000$108,000,000$107,000,000$112,000,000$113,000,000$101,000,000$101,000,000$98,000,000$98,000,000$100,000,000$
Income Before Tax1,524,000,000$1,456,000,000$942,000,000$(917,000,000$)323,000,000$489,000,000$1,203,000,000$1,683,000,000$1,549,000,000$3,476,000,000$2,717,000,000$4,026,000,000$4,250,000,000$3,728,000,000$6,110,000,000$1,219,000,000$1,279,000,000$573,000,000$461,000,000$(770,000,000$)(598,000,000$)(716,000,000$)1,674,000,000$(2,370,000,000$)1,656,000,000$804,000,000$808,000,000$218,000,000$1,227,000,000$1,150,000,000$1,124,000,000$731,000,000$765,000,000$1,241,000,000$768,000,000$433,000,000$529,000,000$789,000,000$1,134,000,000$730,000,000$550,000,000$2,030,000,000$1,973,000,000$1,418,000,000$1,704,000,000$1,583,000,000$999,000,000$1,266,000,000$
Tax Expenses355,000,000$390,000,000$279,000,000$(265,000,000$)(34,000,000$)96,000,000$277,000,000$353,000,000$331,000,000$813,000,000$595,000,000$880,000,000$1,018,000,000$816,000,000$1,342,000,000$252,000,000$169,000,000$65,000,000$169,000,000$(148,000,000$)(289,000,000$)(337,000,000$)339,000,000$(616,000,000$)326,000,000$165,000,000$160,000,000$51,000,000$205,000,000$276,000,000$249,000,000$149,000,000$(1,635,000,000$)378,000,000$196,000,000$112,000,000$113,000,000$(42,000,000$)291,000,000$217,000,000$155,000,000$657,000,000$608,000,000$450,000,000$484,000,000$521,000,000$343,000,000$429,000,000$
Net Income1,169,000,000$1,066,000,000$663,000,000$(652,000,000$)357,000,000$393,000,000$926,000,000$1,330,000,000$1,218,000,000$2,663,000,000$2,122,000,000$3,146,000,000$3,232,000,000$2,912,000,000$4,768,000,000$967,000,000$1,110,000,000$508,000,000$292,000,000$(622,000,000$)(309,000,000$)(379,000,000$)1,335,000,000$(1,754,000,000$)1,330,000,000$639,000,000$648,000,000$167,000,000$1,022,000,000$874,000,000$875,000,000$582,000,000$2,400,000,000$863,000,000$572,000,000$321,000,000$416,000,000$645,000,000$843,000,000$513,000,000$395,000,000$1,373,000,000$1,365,000,000$968,000,000$1,220,000,000$1,062,000,000$593,000,000$836,000,000$
Profit Margin3.85%3.31%2.22%(2.16%)1.16%1.20%2.69%4.19%3.44%6.93%6.15%8.63%7.74%6.55%9.23%2.51%3.09%1.72%1.05%(2.99%)(1.86%)(2.40%)12.84%(7.94%)4.77%2.35%2.24%.69%3.56%2.83%2.82%2.20%9.09%3.66%2.57%1.47%
TTM1.83%1.17%.62%.80%2.31%2.87%4.38%5.24%6.32%7.39%7.26%8.07%6.74%5.72%4.73%2.18%1.13%(.14%)(1.26%).04%(1.71%).70%1.77%.81%2.57%2.27%2.40%2.56%2.87%4.13%4.39%4.48%4.42%
Earnings to Minority35,000,000$(29,000,000$)(51,000,000$)(57,000,000$)76,000,000$29,000,000$46,000,000$85,000,000$16,000,000$41,000,000$178,000,000$79,000,000$119,000,000$95,000,000$75,000,000$62,000,000$101,000,000$45,000,000$130,000,000$82,000,000$50,000,000$85,000,000$82,000,000$97,000,000$270,000,000$30,000,000$36,000,000$26,000,000$70,000,000$18,000,000$30,000,000$113,000,000$29,000,000$22,000,000$24,000,000$16,000,000$49,000,000$32,000,000$29,000,000$18,000,000$97,000,000$(4,000,000$)14,000,000$4,000,000$65,000,000$3,000,000$5,000,000$8,000,000$
Earnings to Common Shareholders1,130,000,000$1,092,000,000$712,000,000$(596,000,000$)280,000,000$363,000,000$877,000,000$1,242,000,000$1,199,000,000$2,614,000,000$1,938,000,000$3,057,000,000$3,101,000,000$2,806,000,000$4,676,000,000$902,000,000$1,007,000,000$462,000,000$160,000,000$(705,000,000$)(360,000,000$)(465,000,000$)1,249,000,000$(1,852,000,000$)1,056,000,000$608,000,000$610,000,000$140,000,000$949,000,000$854,000,000$842,000,000$468,000,000$2,371,000,000$841,000,000$548,000,000$305,000,000$367,000,000$613,000,000$814,000,000$495,000,000$298,000,000$1,377,000,000$1,351,000,000$964,000,000$1,155,000,000$1,059,000,000$588,000,000$828,000,000$
QoQ%3.48%53.37%219.46%(312.86%)(22.87%)(58.61%)(29.39%)3.59%(54.13%)34.88%(36.61%)(1.42%)10.51%(39.99%)418.40%(10.43%)117.97%188.75%122.70%(95.83%)22.58%(137.23%)167.44%(275.38%)73.68%(.33%)335.71%(85.25%)11.12%1.43%79.92%(80.26%)181.93%53.47%79.67%(16.89%)(40.13%)(24.69%)64.44%66.11%(78.36%)1.93%40.15%(16.54%)9.07%80.10%(28.99%)(35.71%)
YoY%303.57%200.83%(18.81%)(147.99%)(76.65%)(86.11%)(54.75%)(59.37%)(61.34%)(6.84%)(58.55%)238.91%207.94%507.36%2,822.50%227.94%379.72%199.36%(87.19%)61.93%(134.09%)(176.48%)104.75%(1,422.86%)11.28%(28.81%)(27.55%)(70.09%)(59.98%)1.55%53.65%53.44%546.05%37.19%(32.68%)(38.38%)23.15%(55.48%)(39.75%)(48.65%)(74.20%)30.03%129.76%16.43%(10.33%)239.42%26.18%26.61%
Earnings Per Share, Basic3.75$3.53$2.28$(1.90$)0.89$1.14$2.71$3.75$3.57$7.49$5.41$8.28$8.20$7.19$11.57$2.21$2.47$1.14$0.39$(1.73$)(0.88$)(1.14$)3.08$(4.54$)2.58$1.48$1.47$0.34$2.26$2.01$1.96$1.09$5.43$1.92$1.23$0.68$0.82$1.34$1.74$1.06$0.62$2.80$2.68$1.88$2.23$2.01$1.11$1.56$
Earnings Per Share, Diluted3.75$3.53$2.28$(1.90$)0.89$1.14$2.71$3.75$3.57$7.49$5.41$8.28$8.12$7.19$11.57$2.21$2.48$1.13$0.39$(1.73$)(0.89$)(1.14$)3.07$(4.54$)2.59$1.47$1.46$0.33$2.25$2.00$1.95$1.08$5.41$1.91$1.23$0.68$0.81$1.33$1.73$1.05$0.62$2.79$2.66$1.87$2.22$2.00$1.10$1.54$
Unlevered FCF Per Share, Basic6.83$6.09$3.00$3.03$3.40$4.07$7.63$5.58$3.69$9.48$4.22$8.59$10.84$5.24$14.47$1.44$6.03$3.56$4.93$(0.13$)0.24$0.41$1.81$(0.12$)4.18$3.47$3.66$2.11$4.00$0.16$3.90$(0.51$)2.79$3.39$1.58$1.40$1.22$4.34$0.69$0.11$2.04$3.88$1.90$0.57$2.60$1.07$(0.27$)
Unlevered FCF Per Share, Diluted6.83$6.09$3.00$3.03$3.40$4.07$7.63$5.58$3.69$9.48$4.22$8.59$10.72$5.24$14.47$1.44$6.04$3.55$4.93$(0.13$)0.24$0.41$1.81$(0.12$)4.19$3.46$3.64$2.10$3.98$0.16$3.89$(0.50$)2.79$3.37$1.57$1.39$1.22$4.31$0.69$0.11$2.03$3.86$1.89$0.57$2.58$1.06$(0.27$)
Average Shares, Basic301,000,000309,000,000312,000,000314,000,000315,000,000318,000,000324,000,000331,000,000336,000,000349,000,000358,000,000369,000,000378,000,000390,000,000404,000,000408,000,000407,000,000407,000,000407,000,000407,000,000407,000,000407,000,000406,000,000408,000,000409,000,000412,000,000415,000,000416,000,000419,000,000425,000,000429,000,000431,000,000437,000,000439,000,000444,000,000448,000,000450,000,000458,000,000467,000,000469,000,000479,000,000491,000,000505,000,000513,000,000518,000,000526,000,000529,000,000531,000,000
Average Shares, Diluted301,000,000309,000,000312,000,000314,000,000315,000,000318,000,000324,000,000331,000,000336,000,000349,000,000358,000,000369,000,000382,000,000390,000,000404,000,000408,000,000406,000,000408,000,000407,000,000407,000,000406,000,000407,000,000407,000,000408,000,000408,000,000413,000,000417,000,000418,000,000422,000,000427,000,000431,000,000432,000,000438,000,000441,000,000446,000,000451,000,000455,000,000460,000,000470,000,000471,000,000482,000,000494,000,000508,000,000516,000,000520,000,000530,000,000534,000,000536,000,000
EBIT1,663,000,000$1,595,000,000$1,083,000,000$(780,000,000$)458,000,000$630,000,000$1,343,000,000$1,823,000,000$1,698,000,000$3,625,000,000$2,865,000,000$4,172,000,000$4,387,000,000$3,866,000,000$6,252,000,000$1,364,000,000$1,431,000,000$725,000,000$611,000,000$(621,000,000$)(445,000,000$)(573,000,000$)1,816,000,000$(2,245,000,000$)1,775,000,000$915,000,000$920,000,000$330,000,000$1,341,000,000$1,261,000,000$1,248,000,000$852,000,000$879,000,000$1,355,000,000$887,000,000$554,000,000$641,000,000$904,000,000$1,245,000,000$838,000,000$657,000,000$2,142,000,000$2,086,000,000$1,519,000,000$1,805,000,000$1,681,000,000$1,097,000,000$1,366,000,000$
EBITDA1,675,000,000$1,607,000,000$1,111,000,000$(769,000,000$)469,000,000$640,000,000$1,355,000,000$1,835,000,000$1,709,000,000$3,636,000,000$2,876,000,000$4,182,000,000$4,398,000,000$3,877,000,000$6,264,000,000$1,375,000,000$1,443,000,000$736,000,000$623,000,000$(609,000,000$)(434,000,000$)(561,000,000$)1,828,000,000$(2,232,000,000$)1,789,000,000$926,000,000$934,000,000$344,000,000$1,354,000,000$1,274,000,000$1,261,000,000$865,000,000$892,000,000$1,368,000,000$901,000,000$566,000,000$654,000,000$1,374,000,000$1,716,000,000$1,323,000,000$1,151,000,000$2,624,000,000$2,511,000,000$1,960,000,000$2,230,000,000$2,111,000,000$1,511,000,000$1,787,000,000$