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VLO · NYSE · United States · Petroleum Refining
In shortVALERO ENERGY CORP/TX is profitable, generates cash and carries moderate debt, with revenue shrinking (−5.5% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.6% | 25/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.9% | 28/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.7% | 49/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.9% | 46/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.65× | 70/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.45× | 86/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.83× | 62/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.72× | 40/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.82 | 95/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.7% | 39/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.48× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 42.7% | 0/100 |
| Operating margin volatility | 3.4% | 78/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -11.4% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -36.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 113,977 | 176,383 | 144,766 | 129,881 | 122,687 |
| Cost of revenue | 110,848 | 159,587 | 131,834 | 125,076 | 117,255 |
| Gross profit | 3,129 | 16,796 | 12,932 | 4,805 | 5,432 |
| Operating income | 2,130 | 15,690 | 11,858 | 3,755 | 3,181 |
| Interest expense | 603 | 562 | 592 | 556 | 556 |
| Pre-tax income | 1,543 | 15,307 | 11,768 | 3,698 | 3,005 |
| Income tax | 255 | 3,428 | 2,619 | 692 | 759 |
| Net income | 930 | 11,528 | 8,835 | 2,770 | 2,348 |
| Diluted EPS | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
| Diluted shares (millions) | 407 | 396 | 353 | 322 | 309 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
4.82 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026