Valero Energy Corporation financials
Key figures from Valero Energy Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | $46.1B | $32.2B | +43.3% |
| Net income | $6.8B | $1.1B | +523.6% |
| Free cash flow | — | $1.5B | — |
| Gross margin | 20.4% | 5.5% | +14.9 pts |
| Operating margin | 19.7% | 4.7% | +15.0 pts |
| Net margin | 14.8% | 3.4% | +11.4 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $122.7B | $2.3B | 1.9% | — | $7.57 |
| FY Dec 2024 | $129.9B | $2.8B | 2.1% | $4.6B | $8.58 |
| FY Dec 2023 | $144.8B | $8.8B | 6.1% | $7.3B | $24.92 |
| FY Dec 2022 | $176.4B | $11.5B | 6.5% | $9.8B | $29.04 |
| FY Dec 2021 | $114.0B | $930M | 0.8% | $3.4B | $2.27 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.