Valero Energy (VLO): financials, SEC filings and peers
Valero Energy (VLO) is an oil & gas refining & marketing company in the Energy sector of the S&P 500, headquartered in San Antonio, Texas.
It was founded in 1980 and joined the S&P 500 on December 20, 2002.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Petroleum Refining”.
Valero Energy at a glance
- Revenue (12 months)
- $139.4B
- Revenue growth
- +12.6%
- Operating margin
- 7.2%
- Net income (12 months)
- $7.2B
- Free cash flow (12 months)
- —
- Cash
- $7.9B
- Debt
- $11.3B
- Diluted EPS (12 months)
- $24.05
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Valero Energy reported revenue of $139.4 billion, up 12.6% from a year earlier.
Its operating margin was 7.2%, up 6.4 percentage points from a year earlier: for every $100 of sales, about $7 was left as operating profit.
Net income was $7.2 billion (5.2% of revenue), 844.0% higher than a year earlier.
At the end of the period it held $7.9 billion in cash and $11.3 billion in debt, a net debt position of $3.5 billion.
The diluted share count fell 5.8% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $64.9 billion in fiscal 2020 to $122.7 billion in fiscal 2025, about 13.6% a year.
- Operating margin widened from -2.4% to 2.6% over the same years.
- Free cash flow was negative in 1 of the last 5 fiscal years.
- Valero Energy reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $114.0B | $176.4B | $144.8B | $129.9B | $122.7B |
| Revenue growth | 75.6% | 54.8% | -17.9% | -10.3% | -5.5% |
| Operating margin | 1.9% | 8.9% | 8.2% | 2.9% | 2.6% |
| Net income | $930M | $11.5B | $8.8B | $2.8B | $2.3B |
| Free cash flow | $3.4B | $9.8B | $7.3B | $4.6B | — |
| Diluted EPS | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
Fiscal years as reported in Valero Energy’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 18, 2026 — Executive or director change; Regulation FD disclosure
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results
- 8-K filed July 16, 2026 — Regulation FD disclosure
- 8-K filed May 8, 2026 — Executive or director change; Shareholder vote results
- 10-Q filed April 30, 2026 — quarterly report
- 8-K filed April 30, 2026 — Earnings results
- 8-K filed March 9, 2026 — Material agreement
Companies like Valero Energy
Other S&P 500 companies in Oil & Gas Refining & Marketing:
More from Energy
Questions about Valero Energy
Is Valero Energy's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $139.4 billion, up 12.6% from a year earlier, according to its SEC filings.
Is Valero Energy profitable?
Yes. It earned $7.2 billion in net income over the twelve months to June 30, 2026, a net margin of 5.2%.
Does Valero Energy have more cash or more debt?
At June 30, 2026 it had $7.9 billion in cash and $11.3 billion in debt, so more debt than cash.
When did Valero Energy last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Valero Energy?
In the S&P 500, Valero Energy is grouped in Oil & Gas Refining & Marketing within the Energy sector. Marathon Petroleum (MPC), Phillips 66 (PSX) are in the same group.
Understand the numbers
Source: Valero Energy’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.