Zacks Investment Research·14h ago
Valero Stock Surges 88.1% in a Year: Should You Stay Invested?VLO's Gulf Coast refining edge, flexible feedstock sourcing and clean-fuel growth make the stock worth watching despite its premium valuation.
Valero Energy Corporation(VLO)Earnings, Financials & Key Ratios
VLO•NYSE
$266.22
35.2× P/E·Price updated Jul 7, 2026
AboutValero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.Show more
- Revenue$122.69B-5.5%
- EBITDA$7.47B+14.4%
- Net Income$2.35B-15.2%
- EPS (Diluted)7.57-11.8%
- Gross Margin4.38%+19.4%
- EBITDA Margin6.09%+21.1%
- Operating Margin3.51%+21.6%
- Net Margin1.91%-10.3%
- ROE8.68%-12.2%
VLO Price & Volume
Valero Energy Corporation (VLO) stock price & volume — 10-year historical chart
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Valero Demonstrates Resilient Cash Flow Amidst Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Feedstock spread volatility
Key Thesis Takeaways
- Valero Energy Corporation maintains a robust financial profile characterized by disciplined capital allocation and a conservative debt-to-equity ratio of 0.43 as of 2026Q1.
- While the company has successfully navigated commodity-driven revenue headwinds to achieve 7.0% growth in 2026Q1, investors should monitor the sustainability of its 3.9% net margin given potential global refining capacity pressures.
- The firm's ability to prioritize shareholder returns, evidenced by $1.1 billion in share repurchases during 2025Q4, underscores a management strategy focused on liquidity and operational efficiency.
Verdict Logic
while the company maintains a robust liquidity buffer of $5.7 billion in cash, the forward P/E of 9.25 suggests that market participants are already pricing in the volatility inherent in the refining sector's margin profile.
VLO Growth Metrics
Valero Energy Corporation (VLO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.4%
5 Years13.58%
3 Years-11.4%
TTM-1.72%
Profit CAGR
10 Years-5.16%
5 Years-
3 Years-41.16%
TTM352.26%
EPS CAGR
10 Years-0.54%
5 Years-
3 Years-36.09%
TTM384.86%
Return on Capital
10 Years12.29%
5 Years17.33%
3 Years14.81%
Last Year9.74%
VLO Recent Earnings
Valero Energy Corporation (VLO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$4.22+33.5%
$3.16
Rev
$32.4B+3.2%
$31.4B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$3.82+16.8%
$3.27
Rev
$30.4B+6.5%
$28.5B
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$3.66+20.0%
$3.05
Rev
$32.2B+7.4%
$30.0B
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$2.28+30.3%
$1.75
Rev
$29.9B+8.7%
$27.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $4.22vs $3.16+33.5% | $32.4Bvs $31.4B+3.2% |
| Q1 2026 | Jan 29, 2026 | $3.82vs $3.27+16.8% | $30.4Bvs $28.5B+6.5% |
| Q4 2025 | Oct 23, 2025 | $3.66vs $3.05+20.0% | $32.2Bvs $30.0B+7.4% |
| Q3 2025 | Jul 24, 2025 | $2.28vs $1.75+30.3% | $29.9Bvs $27.5B+8.7% |
Based on last 12 quarters of dataView full earnings history →
Latest VLO News
Recent stock market news and headlines for Valero Energy Corporation (VLO)
CNBC·2 days ago
Top Wall Street analysts prefer these dividend stocks for boosting portfolio returnsWith thousands of dividend-paying companies to choose from, identifying the right stocks can be challenging.
Zacks Investment Research·4 days ago
Valero's Refining Strength and Renewables Growth Fuel Long-Term UpsideVLO's complex coastal refineries, refining flexibility and renewable fuels capacity support margin capture and long-term cleaner fuels growth.
Zacks Investment Research·4 days ago
Valero Energy (VLO) is a Top-Ranked Growth Stock: Should You Buy?Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Zacks Investment Research·5 days ago
Will Valero Energy (VLO) Beat Estimates Again in Its Next Earnings Report?Valero Energy (VLO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Peers Comparison
Key metrics vs top competitors for Valero Energy Corporation (VLO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $266.22 | $79.61B | 35.17 | -5.54% | 1.91% | 8.68% | 1.71% | |
| $266.33 | $77.75B | 20.07 | -4.44% | 3.41% | 19.57% | — | |
| $178.84 | $71.7B | 16.57 | -7.64% | 3.04% | 14.14% | — | |
| $48.46 | $5.73B | -34.86 | -11.42% | 1.46% | 8.15% | — | |
| $52.32 | $3.21B | -137.68 | -9.53% | -0.48% | -12.94% | — | |
| $61.46 | $3.04B | 8.58 | -6.39% | 6.02% | 32.17% | — |
Compare VLO vs Peers
Valero Energy Corporation (VLO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VLO SEC Filings & Documents
Valero Energy Corporation (VLO) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Mar 9, 2026·SEC
Material company update
Jan 29, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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VLO Frequently Asked Questions
Valero Energy Corporation (VLO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Valero Energy Corporation's revenue?
Valero Energy Corporation (VLO) reported $126.17B in revenue for fiscal year 2025. This represents a 2428% increase from $4.99B in 1996.
How fast is Valero Energy Corporation growing?
Valero Energy Corporation (VLO) saw revenue decline by 5.5% over the past year.
Is VLO profitable?
Yes, Valero Energy Corporation (VLO) is profitable, generating $4.21B in net income for fiscal year 2025 (1.9% net margin).
Dividend & Returns
Does VLO pay dividends?
Yes, Valero Energy Corporation (VLO) pays a dividend with a yield of 1.71%. This makes it attractive for income-focused investors.
What is VLO's return on equity?
Valero Energy Corporation (VLO) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
What is Valero Energy Corporation's free cash flow?
Valero Energy Corporation (VLO) generated $5.93B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.