Valero Energy Corp (VLO) stock
VLONYSEPetroleum RefiningFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 21/3023% below fair value
$379.83+4.88 (+1.30%)
Close on Nov 13, 2026Market cap $105.93BP/E 8.5Yield 1.19%
Valero Energy gross margin
Gross margin is gross profit as a percentage of revenue.
Valero Energy's gross margin for the twelve months ending Sep 30, 2026 was 12.3%. For fiscal 2025 it was 4.4%, against 3.7% the year before. The highest annual figure on record is 9.5% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4.4% | +0.7 |
| FY2024 | Dec 31, 2024 | 3.7% | −5.2 |
| FY2023 | Dec 31, 2023 | 8.9% | −0.6 |
| FY2022 | Dec 31, 2022 | 9.5% | +6.8 |
| FY2021 | Dec 31, 2021 | 2.7% | +3.9 |
| FY2020 | Dec 31, 2020 | -1.1% | −5.6 |
| FY2019 | Dec 31, 2019 | 4.4% | −0.4 |
| FY2018 | Dec 31, 2018 | 4.8% | −0.0 |
| FY2017 | Dec 31, 2017 | 4.8% | −1.0 |
| FY2016 | Dec 31, 2016 | 5.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 20.4% | +14.9 |
| Q2 FY2026 | Jun 30, 2026 | 12.3% | +8.1 |
| Q1 FY2026 | Mar 31, 2026 | 6.3% | +4.7 |
| Q4 FY2025 | Dec 31, 2025 | 6.3% | +4.2 |
| Q3 FY2025 | Sep 30, 2025 | 5.5% | +3.2 |
| Q2 FY2025 | Jun 30, 2025 | 4.2% | +0.0 |
| Q1 FY2025 | Mar 31, 2025 | 1.7% | −4.6 |
| Q4 FY2024 | Dec 31, 2024 | 2.0% | −3.2 |
| Q3 FY2024 | Sep 30, 2024 | 2.3% | −7.5 |
| Q2 FY2024 | Jun 30, 2024 | 4.2% | −4.5 |
| Q1 FY2024 | Mar 31, 2024 | 6.2% | −5.6 |
| Q4 FY2023 | Dec 31, 2023 | 5.3% | −5.9 |
| Q3 FY2023 | Sep 30, 2023 | 9.8% | +0.8 |
| Q2 FY2023 | Jun 30, 2023 | 8.6% | −3.9 |
| Q1 FY2023 | Mar 31, 2023 | 11.8% | +7.6 |
| Q4 FY2022 | Dec 31, 2022 | 11.2% | +5.9 |
| Q3 FY2022 | Sep 30, 2022 | 9.0% | +5.9 |
| Q2 FY2022 | Jun 30, 2022 | 12.5% | +10.0 |
| Q1 FY2022 | Mar 31, 2022 | 4.2% | +6.2 |
| Q4 FY2021 | Dec 31, 2021 | 5.3% | +6.7 |
| Q3 FY2021 | Sep 30, 2021 | 3.1% | +5.6 |
| Q2 FY2021 | Jun 30, 2021 | 2.6% | −16.4 |
| Q1 FY2021 | Mar 31, 2021 | -2.0% | +7.5 |
| Q4 FY2020 | Dec 31, 2020 | -1.4% | −8.6 |
| Q3 FY2020 | Sep 30, 2020 | -2.5% | −6.6 |
| Q2 FY2020 | Jun 30, 2020 | 19.0% | +15.1 |
| Q1 FY2020 | Mar 31, 2020 | -9.4% | −11.6 |
| Q4 FY2019 | Dec 31, 2019 | 7.2% | +1.8 |
| Q3 FY2019 | Sep 30, 2019 | 4.1% | −0.6 |
| Q2 FY2019 | Jun 30, 2019 | 3.9% | −1.1 |
| Q1 FY2019 | Mar 31, 2019 | 2.2% | −1.8 |
| Q4 FY2018 | Dec 31, 2018 | 5.4% | +1.2 |
| Q3 FY2018 | Sep 30, 2018 | 4.7% | −2.1 |
| Q2 FY2018 | Jun 30, 2018 | 4.9% | +0.2 |
| Q1 FY2018 | Mar 31, 2018 | 4.0% | +0.7 |
| Q4 FY2017 | Dec 31, 2017 | 4.2% | – |
| Q3 FY2017 | Sep 30, 2017 | 6.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 4.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 3.4% | – |
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