InsiderClue
Stocks · Energy · Petroleum Refining

Valero Energy

VLO Clue Score45
United States Fiscal year ends December CIK 0001035002
$433.75 -2.26% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $433.75 +457.52% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue75.66Operating income3.53Net income2.29EPS, diluted4.94Fiscal year 2017Revenue93.98 +24.2%Operating income3.56Net income4.07 +77.6%EPS, diluted9.16 +85.4%Fiscal year 2018Revenue117.03 +24.5%Operating income4.57Net income3.12 −23.2%EPS, diluted7.29 −20.4%Fiscal year 2019Revenue108.32 −7.4%Operating income3.84Net income2.42 −22.4%EPS, diluted5.84 −19.9%Fiscal year 2020Revenue64.91 −40.1%Operating income−1.58Net income−1.42 −158.7%EPS, diluted−3.50 −159.9%Fiscal year 2021Revenue113.98 +75.6%Operating income2.13Net income0.93EPS, diluted2.27Fiscal year 2022Revenue176.38 +54.8%Operating income15.69Net income11.53 +1,139.6%EPS, diluted29.04 +1,179.3%Fiscal year 2023Revenue144.77 −17.9%Operating income11.86Net income8.84 −23.4%EPS, diluted24.92 −14.2%Fiscal year 2024Revenue129.88 −10.3%Operating income3.76Net income2.77 −68.6%EPS, diluted8.58 −65.6%Fiscal year 2025Revenue122.69 −5.5%Operating income3.18Net income2.35 −15.2%EPS, diluted7.57 −11.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 75.66 93.98 117.03 108.32 64.91 113.98 176.38 144.77 129.88 122.69
Growth +24.2% +24.5% −7.4% −40.1% +75.6% +54.8% −17.9% −10.3% −5.5%
Operating income 3.53 3.56 4.57 3.84 −1.58 2.13 15.69 11.86 3.76 3.18
Net income 2.29 4.07 3.12 2.42 −1.42 0.93 11.53 8.84 2.77 2.35
Growth +77.6% −23.2% −22.4% −158.7% +1,139.6% −23.4% −68.6% −15.2%
EPS, diluted 4.94 9.16 7.29 5.84 −3.50 2.27 29.04 24.92 8.58 7.57
Growth +85.4% −20.4% −19.9% −159.9% +1,179.3% −14.2% −65.6% −11.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.7%Net margin3.0%Free cash flow margin4.7%Fiscal year 2017Operating margin3.8%Net margin4.3%Free cash flow margin4.4%Fiscal year 2018Operating margin3.9%Net margin2.7%Free cash flow margin0.9%Fiscal year 2019Operating margin3.5%Net margin2.2%Free cash flow margin2.5%Fiscal year 2020Operating margin−2.4%Net margin−2.2%Free cash flow margin−2.3%Fiscal year 2021Operating margin1.9%Net margin0.8%Free cash flow margin3.0%Fiscal year 2022Operating margin8.9%Net margin6.5%Free cash flow margin5.6%Fiscal year 2023Operating margin8.2%Net margin6.1%Free cash flow margin5.1%Fiscal year 2024Operating margin2.9%Net margin2.1%Free cash flow margin3.6%Fiscal year 2025Operating margin2.6%Net margin1.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 4.7% 3.8% 3.9% 3.5% −2.4% 1.9% 8.9% 8.2% 2.9% 2.6%
Net margin 3.0% 4.3% 2.7% 2.2% −2.2% 0.8% 6.5% 6.1% 2.1% 1.9%
Free cash flow margin 4.7% 4.4% 0.9% 2.5% −2.3% 3.0% 5.6% 5.1% 3.6% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.82Capital expenditure−1.28Free cash flow3.54Buybacks−1.34Dividends paid−1.11Fiscal year 2017Operating cash flow5.48Capital expenditure−1.35Free cash flow4.13 +16.6%Buybacks−1.37Dividends paid−1.24Fiscal year 2018Operating cash flow4.37Capital expenditure−3.38Free cash flow1.00 −75.9%Buybacks−1.71Dividends paid−1.37Fiscal year 2019Operating cash flow5.53Capital expenditure−2.85Free cash flow2.69 +169.8%Buybacks−0.78Dividends paid−1.49Fiscal year 2020Operating cash flow0.95Capital expenditure−2.44Free cash flow−1.49 −155.4%Buybacks−0.16Dividends paid−1.60Fiscal year 2021Operating cash flow5.86Capital expenditure−2.46Free cash flow3.40Buybacks−0.03Dividends paid−1.60Fiscal year 2022Operating cash flow12.57Capital expenditure−2.74Free cash flow9.84 +189.2%Buybacks−4.58Dividends paid−1.56Fiscal year 2023Operating cash flow9.23Capital expenditure−1.92Free cash flow7.31 −25.7%Buybacks−5.14Dividends paid−1.45Fiscal year 2024Operating cash flow6.68Capital expenditure−2.06Free cash flow4.63 −36.7%Buybacks−2.88Dividends paid−1.38Fiscal year 2025Operating cash flow5.83Buybacks−2.60Dividends paid−1.41
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.82 5.48 4.37 5.53 0.95 5.86 12.57 9.23 6.68 5.83
Capital expenditure −1.28 −1.35 −3.38 −2.85 −2.44 −2.46 −2.74 −1.92 −2.06 n/a
Free cash flow 3.54 4.13 1.00 2.69 −1.49 3.40 9.84 7.31 4.63 n/a
Growth +16.6% −75.9% +169.8% −155.4% +189.2% −25.7% −36.7%
Buybacks −1.34 −1.37 −1.71 −0.78 −0.16 −0.03 −4.58 −5.14 −2.88 −2.60
Dividends paid −1.11 −1.24 −1.37 −1.49 −1.60 −1.60 −1.56 −1.45 −1.38 −1.41

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash4.82Total debt7.93Net cash (debt)−3.11Shareholders’ equity20.02Debt to equity0.40Fiscal year 2017Cash5.85Total debt8.31Net cash (debt)−2.46Shareholders’ equity21.99Debt to equity0.38Fiscal year 2018Cash2.98Total debt8.50Net cash (debt)−5.52Shareholders’ equity21.67Debt to equity0.39Fiscal year 2019Cash2.58Total debt8.88Net cash (debt)−6.30Shareholders’ equity21.80Debt to equity0.41Fiscal year 2020Cash3.31Total debt13.01Net cash (debt)−9.70Shareholders’ equity18.80Debt to equity0.69Fiscal year 2021Cash4.12Total debt11.95Net cash (debt)−7.83Shareholders’ equity18.43Debt to equity0.65Fiscal year 2022Cash4.86Total debt9.24Net cash (debt)−4.38Shareholders’ equity23.56Debt to equity0.39Fiscal year 2023Cash5.42Total debt9.22Net cash (debt)−3.79Shareholders’ equity26.35Debt to equity0.35Fiscal year 2024Cash4.66Total debt8.09Net cash (debt)−3.43Shareholders’ equity24.51Debt to equity0.33Fiscal year 2025Cash4.69Total debt8.26Net cash (debt)−3.57Shareholders’ equity23.73Debt to equity0.35
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 4.82 5.85 2.98 2.58 3.31 4.12 4.86 5.42 4.66 4.69
Total debt 7.93 8.31 8.50 8.88 13.01 11.95 9.24 9.22 8.09 8.26
Net cash (debt) −3.11 −2.46 −5.52 −6.30 −9.70 −7.83 −4.38 −3.79 −3.43 −3.57
Shareholders’ equity 20.02 21.99 21.67 21.80 18.80 18.43 23.56 26.35 24.51 23.73
Debt to equity 0.40 0.38 0.39 0.41 0.69 0.65 0.39 0.35 0.33 0.35

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
4.7% 3.8% 3.9% 3.5% −2.4% 1.9% 8.9% 8.2% 2.9% 2.6%
4.2% 3.4% 3.6% 3.2% −3.1% 1.4% 8.7% 8.1% 2.8% 2.4%
3.0% 4.3% 2.7% 2.2% −2.2% 0.8% 6.5% 6.1% 2.1% 1.9%
4.7% 4.4% 0.9% 2.5% −2.3% 3.0% 5.6% 5.1% 3.6% n/a
Spending
0.9% 0.9% 0.8% 0.8% 1.2% 0.8% 0.5% 0.7% 0.7% 0.8%
1.7% 1.4% 2.9% 2.6% 3.8% 2.2% 1.6% 1.3% 1.6% n/a
24.0% −29.6% 20.8% 20.1% n/a 16.5% 22.4% 22.3% 18.7% 25.3%
Returns
11.4% 18.5% 14.4% 11.1% −7.6% 5.0% 48.9% 33.5% 11.3% 9.9%
5.0% 8.1% 6.2% 4.5% −2.7% 1.6% 18.9% 14.0% 4.6% 4.0%
Balance and payout
0.40 0.38 0.39 0.41 0.69 0.65 0.39 0.35 0.33 0.35
48.5% 30.6% 43.9% 61.6% n/a 172.3% 13.5% 16.4% 50.0% 59.8%
69.1% 63.3% 309.2% 84.5% n/a 47.9% 62.4% 90.1% 92.1% n/a