What is Valero Energy's operating income?

Valero Energy (VLO) reported operating income of $1.73B in Q1 2026.

How has Valero Energy's operating income changed year-over-year?

Valero Energy's operating income increased by 292.3% year-over-year, from -$900M to $1.73B.

What is the long-term trend for Valero Energy's operating income?

Over 4 years (2021 to 2025), Valero Energy's operating income has grown at a 10.5% compound annual growth rate (CAGR), from $2.13B to $3.18B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Valero Energy VLO Operating Income

Operating Income at other companies

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$65.32M+514%

CVR EnergyCVI

-$145M-10.7%

Marathon PetroleumMPC

$1.4B+104%

PBF EnergyPBF

$299.6M+159%

Delek US HoldingsDK

-$179.3M-42.5%

HF SinclairDINO

$847M+946%

Segments

By segment

See full

Refining$1.81B+441%

Renewable Diesel$139M+199%

Ethanol$90M+350%

Other financials

Income statement

See full

Revenue$32.4B+7.0%

Gross profit$2.1B+305%

Net income$1.3B+312%

EPS (diluted)$4.22+322%

Balance sheet

See full

Cash & equivalents$5.7B+23.7%

Total debt$11.5B+5.9%

Total equity$23.9B+1.6%

Total assets$62.1B+5.0%

Cash flow

See full

Operating cash flow$1.4B+46.0%

CapEx$409.0M-4.7%

Free cash flow$1.5B+70.0%

Valuation

See full

Market cap$75.74B+71.4%

Enterprise value$81.49B+61.7%

P/E18×-29.5×

P/S0.6×+0.3×

Profitability

See full

Gross margin5.6%+3.0pp

Operating margin4.7%+3.7pp

Net margin3.4%+2.6pp

FCF margin3.5%—

Returns & leverage

See full

Return on equity17.8%+14.0pp

Debt / equity0.5×0.0×

Current ratio1.6×0.0×

Where this comes from

Reported directly by Valero Energy in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Valero Energy’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valero Energy's operating income?: Valero Energy (VLO) reported operating income of $1.73B in Q1 2026.
How has Valero Energy's operating income changed year-over-year?: Valero Energy's operating income increased by 292.3% year-over-year, from -$900M to $1.73B.
What is the long-term trend for Valero Energy's operating income?: Over 4 years (2021 to 2025), Valero Energy's operating income has grown at a 10.5% compound annual growth rate (CAGR), from $2.13B to $3.18B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.