Valero Energy (VLO)
Energy · $114B market cap · SEC CIK 0001035002
$377.14
▼-4.10% on the day
close of Sep 22, 2026
64
Screens well
fundamentals score out of 100
fundamentals score out of 100
Next reports on Oct 22, 2026, before the open, with analysts expecting $17.90 in earnings per share.
The case for VLO
- Earns 30% back on shareholder equity.
- Revenue growing 12.6% year over year.
- Earnings per share up 896.0%.
- Pays a 3.3% dividend while you wait.
- Reasonably priced at 15.8× earnings.
- Has compounded revenue at 13.6% a year over five years.
The case against
- Net margin of 5% is thinner than 90% of Energy companies.
- Its weakest area is profitability (34/100): return on equity 30%, net margin 5.2%, gross margin 8%.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 68 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 76 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 34 |
| Momentumhow the price has behaved lately | 91 |
| Stabilityhow violently it moves, what it owes and what it pays you | 56 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 15.8× |
|---|---|
| Price / book | 3.09× |
| Price / sales | 0.8× |
| Revenue growth (YoY) | +12.6% |
| EPS growth (YoY) | +896.0% |
| Gross margin | 8% |
| Operating margin | 7% |
| Net margin | 5% |
| Return on equity | 30% |
| Debt / equity | 0.45× |
| Current ratio | 1.64 |
| Dividend yield | 3.27% |
| Beta | 0.59 |
| 52-week range | $155.29 – $419.04 |
| Position in that range | 84% of the way up |
| 3-month return | +66.4% |
| 1-year return | +141.8% |
Five years of financials, as filed
Pulled from Valero Energy's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $123B | $130B | $145B | $176B | $114B |
| Operating income | $3.2B | $3.8B | $11.9B | $15.7B | $2.1B |
| Net income | $2.3B | $2.8B | $8.8B | $11.5B | $930M |
| Operating cash flow | $5.8B | $6.7B | $9.2B | $12.6B | $5.9B |
| Capital expenditure | — | $2.1B | $1.9B | $2.7B | $2.5B |
| Total assets | $58.0B | $60.1B | $63.1B | $61.0B | $57.9B |
| Shareholder equity | $23.7B | $24.5B | $26.3B | $23.6B | $18.4B |
| Cash | $4.7B | $4.7B | $5.4B | $4.9B | $4.1B |
| Long-term debt | $8.3B | $8.1B | $9.2B | $9.2B | $11.9B |
| Free cash flow | — | $4.6B | $7.3B | $9.8B | $3.4B |
| Operating margin | 2.6% | 2.9% | 8.2% | 8.9% | 1.9% |
| Net margin | 1.9% | 2.1% | 6.1% | 6.5% | 0.8% |
| Diluted shares | 309M | 322M | 353M | 396M | 407M |
Share count is down 24.1% over 4 years. Buybacks have been shrinking the pie.
Risk factors VLO lists in its 10-K
- We are subject to risks arising from a significant breach of our information systems
- Our Board’s Role in Cybersecurity Oversight
- Management’s Role in Assessment and Management of Material Risks from Cybersecurity Threats
- Total Number of Shares Purchased (a)
- Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
- Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (c)
- The availability and prices of our feedstocks and other critical supplies expose us to risks
- Results for the Year Ended December 31, 2025
- Financial Highlights by Segment and Total Company
- Financial Highlights by Segment and Total Company (continued)
- Average Market Reference Prices and Differentials
- Natural gas (dollars per million British thermal units)
- Product margins (RVO adjusted unless otherwise noted)
- Average Market Reference Prices and Differentials (continued)