What are Valero Energy's profit margins?

Valero Energy (VLO) runs a 5.6% gross margin and a 4.7% operating margin, with a 3.4% net margin.

Where do Valero Energy's ratios come from?

Every ratio is computed from Valero Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Valero Energy VLO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	15.9%+3.0pp	12.9%+0.7pp	12.2%-1.1pp	13.3%-3.9pp	17.3%-5.0pp
Operating margin	9.6%+3.7pp	5.9%-0.3pp	6.2%-2.1pp	8.3%-4.9pp	13.2%-5.9pp
Net margin	7.1%+2.6pp	4.5%-0.2pp	4.7%-1.5pp	6.2%-3.6pp	9.8%-4.3pp
EBITDA margin	9.8%+3.8pp	6.1%-0.3pp	6.3%-2.1pp	8.4%-4.9pp	13.3%-5.9pp
Returns
Return on equity	36.7%+14.0pp	22.7%-1.2pp	23.8%-8.3pp	32.1%-20.1pp	52.3%-23.7pp
Return on assets	14.7%+5.4pp	9.3%-0.5pp	9.8%-3.5pp	13.2%-8.3pp	21.6%-9.9pp
Return on invested capital	29.5%+11.2pp	18.3%-1.6pp	19.8%-7.5pp	27.3%-16.9pp	44.2%-20.0pp
Efficiency
Asset turnover	8.2×-0.1×	8.3×0.0×	8.3×-0.1×	8.4×-0.2×	8.6×-0.2×
Inventory turnover	63.3×-0.6×	63.9×-1.0×	64.9×-1.2×	66.1×-2.0×	68.1×-0.2×
Liquidity
Current ratio	6.4×0.0×	6.4×+0.1×	6.3×0.0×	6.3×+0.1×	6.1×0.0×
Quick ratio	4.5×+0.1×	4.4×+0.1×	4.3×0.0×	4.3×+0.1×	4.3×0.0×
Cash ratio	1.3×0.0×	1.3×0.0×	1.2×0.0×	1.3×0.0×	1.2×0.0×
Leverage
Debt-to-equity	2×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	12.8×-4.1×	16.9×+0.5×	16.5×+1.8×	14.7×+5.4×	9.3×+4.5×
Interest coverage	21.4×+8.3×	13.1×-1.0×	14.1×-5.2×	19.3×-12.0×	31.3×-14.1×
Per Share
Book value per share	$310.93+1.7%	$305.64+0.2%	$304.98-0.8%	$307.52-0.4%	$308.87-1.3%
Valuation
Market capitalization	$218.96B+17.3%	$186.62B+6.2%	$175.78B+5.5%	$166.64B-5.3%	$175.98B-7.8%
Enterprise value	$246.02B+14.9%	$214.14B+5.4%	$203.19B+4.8%	$193.85B-4.3%	$202.58B-6.8%
Price / earnings	129.8×-27.1×	156.9×+7.1×	149.7×+23.5×	126.2×+47.0×	79.2×+36.6×
Price / sales	1.8×+0.3×	1.5×+0.1×	1.4×+0.1×	1.3×0.0×	1.3×-0.1×
Price / book	9.2×+1.3×	7.9×+0.5×	7.3×+0.5×	6.9×-0.3×	7.1×-0.4×
EV / EBITDA	108.9×-25.6×	134.5×+5.5×	129×+19.3×	109.7×+40.9×	68.8×+32.6×
EV / sales	2×+0.3×	1.7×+0.1×	1.6×+0.1×	1.5×0.0×	1.5×-0.1×
Earnings yield	15%+3.5pp	11.6%-2.4pp	14%-5.6pp	19.6%-9.7pp	29.3%-10.2pp
Dividend yield	10.7%-1.4pp	12.1%-0.7pp	12.8%-0.5pp	13.3%+0.6pp	12.8%+0.8pp

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Questions, answered.

What are Valero Energy's profit margins?: Valero Energy (VLO) runs a 5.6% gross margin and a 4.7% operating margin, with a 3.4% net margin.
Where do Valero Energy's ratios come from?: Every ratio is computed from Valero Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.