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Valero Energy VLO Operating margin

Operating margin at other companies

Oneok logo
OneokOKE
16.9%-3.7pp
Permian Resources logo
Permian ResourcesPR
28.1%-6.6pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
14.4%+1.6pp
Delta Air Lines logo
Delta Air LinesDAL
8.8%-0.8pp
Dover logo
DoverDOV
16.7%+0.5pp
GE Vernova logo
GE VernovaGEV
3.9%+1.6pp

Other financials

Income statement

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Revenue$32.4B+7.0%
Gross profit$2.1B+305%
Operating income$1.7B+292%
Net income$1.3B+312%
EPS (diluted)$4.22+322%

Balance sheet

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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

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Operating cash flow$1.4B+46.0%

Valuation

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Market cap$71.2B+77.9%
Enterprise value$76.95B+66.7%
P/E16.9×-26.1×
P/S0.6×+0.3×

Profitability

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Gross margin5.6%+3.0pp
Net margin3.4%+2.6pp

Returns & leverage

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Return on equity17.8%+14.0pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

Where this comes from

Calculated from Valero Energy’s reported figures.

Based on trailing twelve months.

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 margin?
Valero Energy (VLO) reported operating margin of 4.7% in Q1 2026.
How has Valero Energy's operating margin changed year-over-year?
Valero Energy's operating margin increased by 408.4% year-over-year, from 0.9% to 4.7%.
What is the long-term trend for Valero Energy's operating margin?
Over 4 years (2021 to 2025), Valero Energy's operating margin has grown at a 90.3% compound annual growth rate (CAGR), from 0.4% to 5.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.