Valero Energy Corp (VLO) Financial Statements
Industry: Petroleum Refining
In fiscal 2025, Valero Energy reported revenue of $122.69B, down 5.5% from $129.88B the year before. Net income was $2.35B (a 1.9% net margin), or $7.57 per diluted share. Gross margin was 4.4% and operating margin was 2.6%. Operating activities generated $5.83B of cash. At fiscal year end, Valero Energy held $57.99B in total assets against $34.26B in total liabilities, including $4.69B of cash and equivalents.
Open the full interactive Valero Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Valero Energy Key Stats
| Share Price | $456.46 |
|---|---|
| Market Cap | $134.20B |
| P/E Ratio | 60.3 |
| Revenue YoY Growth | -5.5% |
| 52-Week Range | $153.14 – $456.46 |
| Shares Outstanding | 294.0 million (basic, 2026 Q2) |
Valero Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $64.91B | $113.98B | $176.38B | $144.77B | $129.88B | $122.69B |
| Gross Profit | -$740.0M | $3.13B | $16.80B | $12.93B | $4.80B | $5.43B |
| Operating Income | -$1.58B | $2.13B | $15.69B | $11.86B | $3.75B | $3.18B |
| Pre-Tax Income | -$2.01B | $1.54B | $15.31B | $11.77B | $3.70B | $3.00B |
| Income Tax | -$903.0M | $255.0M | $3.43B | $2.62B | $692.0M | $759.0M |
| Net Income | -$1.42B | $930.0M | $11.53B | $8.84B | $2.77B | $2.35B |
| Diluted EPS | -$3.50 | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
Valero Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $32.17B | $30.37B | $32.38B | $44.48B |
| Net Income | $1.09B | $1.13B | $1.26B | $3.72B |
| Diluted EPS | $3.53 | $3.67 | $4.22 | $12.62 |
Valero Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.31B | $4.12B | $4.86B | $5.42B | $4.66B | $4.69B |
| Current Assets | $15.84B | $21.16B | $24.13B | $26.22B | $23.74B | $23.21B |
| Total Assets | $51.77B | $57.89B | $60.98B | $63.06B | $60.14B | $57.99B |
| Current Liabilities | $9.28B | $16.85B | $17.46B | $16.80B | $15.49B | $14.11B |
| Total Long-Term Debt | $13.95B | $12.61B | $10.53B | $10.12B | $9.72B | $9.67B |
| Total Liabilities | $32.97B | $39.46B | $37.42B | $36.71B | $35.63B | $34.26B |
| Shareholders' Equity | $18.80B | $18.43B | $23.56B | $26.35B | $24.51B | $23.73B |
Valero Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $948.0M | $5.86B | $12.57B | $9.23B | $6.68B | $5.83B |
| Cash From Investing | -$2.42B | -$2.16B | -$2.81B | -$1.86B | -$1.98B | -$1.84B |
| Cash From Financing | $2.08B | -$2.85B | -$8.85B | -$6.94B | -$5.05B | -$4.18B |
| Free Cash Flow | -$1.49B | $3.40B | $9.84B | $7.31B | $4.63B | — |
Figures from Valero Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Valero Energy financials page for every line item.
Valero Energy Company Profile
| Ticker | VLO |
|---|---|
| Exchange | NYSE |
| Industry | Petroleum Refining |
| Headquarters | San Antonio, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001035002 |
Frequently Asked Questions
What was Valero Energy's revenue in fiscal 2025?
Valero Energy (VLO) reported revenue of $122.69B for fiscal 2025.
What is Valero Energy's annual revenue history?
Valero Energy's annual revenue by fiscal year: 2020: $64.91B; 2021: $113.98B; 2022: $176.38B; 2023: $144.77B; 2024: $129.88B; 2025: $122.69B.
What was Valero Energy's net income in fiscal 2025?
Valero Energy reported net income of $2.35B for fiscal 2025.
What was Valero Energy's earnings per share (EPS) in fiscal 2025?
Valero Energy's diluted EPS was $7.57 for fiscal 2025 (adjusted for any later stock splits).
What was Valero Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Valero Energy reported revenue of $44.48B.
How much debt does Valero Energy have?
Valero Energy reported $9.67B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Valero Energy are outstanding?
Valero Energy reported a weighted average of 294.0 million basic shares outstanding in 2026 Q2.
What is Valero Energy's market cap?
Based on its latest closing price, Valero Energy (VLO) has a market capitalization of about $134.20B.
When does Valero Energy's fiscal year end?
Valero Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Valero Energy headquartered?
Valero Energy lists its business address in San Antonio, Texas in its SEC filings.