Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Valero Energy Corp

VLO · NYSE · Energy

Fundamental quality

ATTRACTIVE

81

out of 100

Valero Energy Corp earns a fundamental-quality score of 81 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its growth (revenue +14.9%/yr). Its weakest area is its profitability (net margin 5.2%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Valero is the reference 'pure' U.S. refiner: the largest independent refining capacity on the continent, plus a growing leg in renewable fuels (renewable diesel and ethanol).

What will shape its future

  • Refining margins, which are nearly everything for a pure refiner.
  • Competitor refinery closures in the U.S., tightening supply in its favor.
  • Its renewable-diesel investments, a partial hedge against the energy transition.

Breakdown by area

I.Growth
95

EPS growth: 68.9% · Revenue growth: 14.9%

II.Profitability
70

Net margin: 5.2% · ROE: 28.8% · ROIC: 27.2%

III.Financial health
79

Net debt/EBITDA: 0.26x · FCF: 6.4%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 40%
ROEbeats 85%
Growthbeats 57%
Cash generationbeats 52%
Less debtbeats 93%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Valero Energy Corp strengths

  • Growing earnings per share (68.9% annualized).
  • Outstanding return on equity (ROE of 28.8%): it puts shareholder capital to good use.
  • It has turned profitable after years of losses.
  • Revenue growing (14.9% annualized).

Valero Energy Corp risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Valero Energy Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
202064,912-1,421-1,48810,423
2021113,9779303,4019,092
2022176,38311,5289,8375,488
2023144,7668,8357,3135,200
2024129,8812,7704,6264,171
2025122,6872,3484,522

Between 2020 and 2025, revenue went from $64,912M to $122,687M (+89%) and net income went from -$1,421M to $2,348M (+265%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+27.8%
  • Net income+4,087.4%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score7581
  • Net margin3.4%5.2%
  • ROE17.6%28.8%
  • FCF margin3.4%6.4%
  • Revenue growth13.3%14.9%
  • Net debt/EBITDA0.63×0.26×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.52

per share, yearly

59.8% of earnings

Payout

3 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

Advertising

Want to invest in Valero Energy Corp?

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

Investing carries risk of loss.

Is Valero Energy Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Valero Energy Corp a good company to invest in?

In terms of business quality, Valero Energy Corp scores 81 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Valero Energy Corp a profitable company?

Valero Energy Corp is profitable, with a net margin of 5.2%, though a thin one.

Does Valero Energy Corp have a lot of debt?

Not particularly. Its net debt is 0.26 times its EBITDA, a low level.

Is Valero Energy Corp growing?

Its revenue has grown 14.9% annualized in recent years and its earnings per share 68.9%.

Does Valero Energy Corp generate cash?

Yes. It converts about 6.4% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Was this page helpful?