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NYSE · Energy

VALERO ENERGY CORP/TX (VLO)

As-reported financials and SEC filings for VALERO ENERGY CORP/TX. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About VALERO ENERGY CORP/TX

Valero Energy Corp operates as an independent petroleum refining and marketing company. It produces refined petroleum products such as gasoline, diesel, jet fuel, and renewable fuels. The company serves wholesale and retail customers primarily in the United States, Canada, and the United Kingdom.

Snapshot

Revenue
$122.69B
Revenue growth (YoY)
-5.5%
Net income
$2.35B
Diluted EPS
$7.57
Gross margin
4.4%
Operating margin
2.6%
Net margin
1.9%
FCF margin
ROE
8.8%
net income / fiscal-year-end equity
P/E
16.2×
trailing when available, otherwise FY EPS
Market cap
$111.99B
Long-term debt / equity
0.36×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Valero Energy Corp/tx

  • Revenue fell 5.5% to $122.7B in FY2025, after a 10.3% decline the year before.
  • Operating margin is 2.6% in FY2025, +0.7 pp against 1.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $44.5B, up 48.8% from Q2 FY2025.
  • Net income fell 15.2% to $2.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Valero Energy Corp/tx’s fundamentals sit among the 125 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin4.4%
5th percentile of 43
Operating margin2.6%
30th percentile of 104
Net margin1.9%
35th percentile of 120
Revenue growth (YoY)-5.5%
28th percentile of 122
ROE8.8%
60th percentile of 100
P/E16.2×
48th percentile of 85
Long-term debt / equity0.36×
44th percentile of 83
Short interest3.34d
33rd percentile of 123

Valero Energy Corp/tx’s gross margin of 4.4% ranks in the 5th percentile of the 43 Energy companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $3.8M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$1.29B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$526.2M2.0MAdded
Two Sigma InvestmentsquantQ2 2026$334.3M1.3MAdded
Millennium ManagementquantQ2 2026$209.5M804.5KReduced
Bridgewater AssociatesQ2 2026$74.2M285.0KAdded
Gotham Asset ManagementQ2 2026$67.8M260.5KAdded
Renaissance TechnologiesquantQ2 2026$34.1M131.0KNew
Citadel AdvisorsquantQ2 2026$33.4M128.1KReduced
D. E. ShawquantQ2 2026$8.3M31.9KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$3.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-29
filed 2026-06-30
Fisher Eric ASVPSell7.5K$268.17$2.0M
2026-06-18
Fisher Eric ASVPSell7.5K$236.90$1.8M
2026-05-18
filed 2026-05-20
Fisher Eric ASVPSell7.5K$251.61$1.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.6M
settled 2026-08-14
Change vs prior
+6.0%
vs previous settlement
Days to cover
3.34
at avg daily volume
Avg daily volume
2.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-149.6M+6.0%3.34
2026-07-319.1M-17.1%3.57
2026-07-1511.0M+5.7%3.93
2026-06-3010.4M-6.3%2.64
2026-06-1511.1M+19.6%4.01
2026-05-299.3M+9.1%2.99
2026-05-158.5M-2.6%2.76
2026-04-308.7M-1.5%2.88

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$122.69B$129.88B$144.77B$176.38B$113.98B
Gross profit$5.43B$4.80B$12.93B$16.80B$3.13B
Operating income$3.18B$3.75B$11.86B$15.69B$2.13B
Net income$2.35B$2.77B$8.84B$11.53B$930.0M
Diluted EPS$7.57$8.58$24.92$29.04$2.27

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$4.69B$4.66B$5.42B$4.86B$4.12B
Current assets$23.21B$23.74B$26.22B$24.13B$21.16B
Total assets$57.99B$60.14B$63.06B$60.98B$57.89B
Current liabilities$14.11B$15.49B$16.80B$17.46B$16.85B
Long-term debt$9.67B$9.72B$10.12B$10.53B$12.61B
Total liabilities$31.38B$32.62B$34.53B$35.51B$38.07B
Total equity$26.61B$27.52B$28.52B$25.47B$19.82B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.83B$6.68B$9.23B$12.57B$5.86B
Capital expenditure$2.06B$1.92B$2.74B$2.46B
Free cash flow$4.63B$7.31B$9.84B$3.40B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$44.48B48.8%$3.72B$12.62
Q1 FY2026$32.38B7.0%$1.26B$4.22
Q4 FY2025$30.37B-1.2%$1.13B$3.78
Q3 FY2025$32.17B-2.2%$1.09B$3.53
Q2 FY2025$29.89B-13.3%$714.0M$2.28
Q1 FY2025$30.26B-4.7%$-595.0M$-1.90
Q4 FY2024$30.76B-13.2%$281.0M$0.89
Q3 FY2024$32.88B-14.4%$364.0M$1.14

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryPetroleum Refining
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1035002

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-K2025-02-26
View on EDGAR →
10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-23
View on EDGAR →
10-Q2025-07-24
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-07-16
View on EDGAR →

Largest Energy peers

All Energy companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.