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Valero Energy (VLO)

NYSE Energy Oil & Gas Refining & Marketing S&P 500
$346.45
-4.78 (-1.36%)
Close of Nov 06, 2026 · end-of-day data
Source: Valero Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$75.66B$93.98B$117.03B$108.32B$64.91B$113.98B$176.38B$144.77B$129.88B$122.69B
Cost of revenue$71.31B$89.47B$111.44B$103.55B$65.65B$110.85B$159.59B$131.83B$125.08B$117.25B
Gross profit$4.35B$4.50B$5.59B$4.78B-$740.00M$3.13B$16.80B$12.93B$4.80B$5.43B
Operating income$3.53B$3.56B$4.57B$3.84B-$1.58B$2.13B$15.69B$11.86B$3.75B$3.18B
Interest expense$446.00M$468.00M$470.00M$454.00M$563.00M$603.00M$562.00M$592.00M$556.00M$556.00M
Pre-tax income$3.18B$3.21B$4.23B$3.49B-$2.01B$1.54B$15.31B$11.77B$3.70B$3.00B
Income tax$765.00M-$949.00M$879.00M$702.00M-$903.00M$255.00M$3.43B$2.62B$692.00M$759.00M
Net income$2.29B$4.07B$3.12B$2.42B-$1.42B$930.00M$11.53B$8.84B$2.77B$2.35B
EBITDA$3.58B$3.62B$4.62B$3.89B-$1.53B$2.18B$15.73B$11.90B$3.80B$3.24B
EPS (basic)$4.94$9.17$7.30$5.84$-3.50$2.27$29.05$24.93$8.58$7.57
EPS (diluted)$4.94$9.16$7.29$5.84$-3.50$2.27$29.04$24.92$8.58$7.57
Diluted shares464.00M444.00M428.00M414.00M407.00M407.00M396.00M353.00M322.00M309.00M
Gross margin5.7%4.8%4.8%4.4%-1.1%2.7%9.5%8.9%3.7%4.4%
Operating margin4.7%3.8%3.9%3.5%-2.4%1.9%8.9%8.2%2.9%2.6%
Net margin3.0%4.3%2.7%2.2%-2.2%0.8%6.5%6.1%2.1%1.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$4.82B$5.85B$2.98B$2.58B$3.31B$4.12B$4.86B$5.42B$4.66B$4.69B
Receivables$5.90B$6.92B$7.34B$8.06B$4.81B$9.97B$10.76B$11.04B$9.73B$9.21B
Inventory$5.71B$6.38B$6.53B$7.01B$6.04B$6.26B$6.75B$7.58B$7.76B$7.59B
Total current assets$16.80B$19.31B$17.68B$18.97B$15.84B$21.16B$24.13B$26.22B$23.74B$23.21B
Goodwill—$0$260.00M$260.00M$260.00M$260.00M$260.00M$260.00M$260.00M$260.00M
Total assets$46.17B$50.16B$50.16B$53.86B$51.77B$57.89B$60.98B$63.06B$60.14B$57.99B
Total current liabilities$8.33B$11.07B$10.72B$13.16B$9.28B$16.85B$17.46B$16.80B$15.49B$14.11B
Short-term debt$115.00M$122.00M$238.00M$494.00M$723.00M$1.26B$1.11B$1.41B$743.00M$949.00M
Long-term debt$7.93B$8.31B$8.50B$8.88B$13.01B$11.95B$9.24B$9.22B$8.09B$8.26B
Total debt$8.04B$8.43B$8.74B$9.38B$13.74B$13.21B$10.35B$10.62B$8.83B$9.21B
Total liabilities$26.15B$28.17B$28.49B$32.06B$32.97B$39.46B$37.42B$36.71B$35.63B$34.26B
Shareholders' equity$20.02B$21.99B$21.67B$21.80B$18.80B$18.43B$23.56B$26.35B$24.51B$23.73B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$4.82B$5.48B$4.37B$5.53B$948.00M$5.86B$12.57B$9.23B$6.68B$5.83B
Capital expenditures$1.28B$1.35B$3.38B$2.85B$2.44B$2.46B$2.74B$1.92B$2.06B—
Free cash flow$3.54B$4.13B$995.00M$2.69B-$1.49B$3.40B$9.84B$7.31B$4.63B$5.83B
Investing cash flow-$2.01B-$2.38B-$3.93B-$3.00B-$2.42B-$2.16B-$2.81B-$1.86B-$1.98B-$1.84B
Financing cash flow-$2.01B-$2.27B-$3.17B-$3.00B$2.08B-$2.85B-$8.85B-$6.94B-$5.05B-$4.18B
Dividends paid$1.11B$1.24B$1.37B$1.49B$1.60B$1.60B$1.56B$1.45B$1.38B$1.41B
Share buybacks$1.34B$1.37B$1.71B$777.00M$156.00M$27.00M$4.58B$5.14B$2.88B$2.60B
Stock-based compensation$68.00M$77.00M$86.00M$89.00M$80.00M$88.00M$103.00M$107.00M$100.00M$117.00M
Depreciation & amortization$48.00M$52.00M$52.00M$53.00M$48.00M$47.00M$45.00M$43.00M$45.00M$63.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.