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%-1.3pp	12.9%-9.3pp	12.2%-15.3pp	13.3%-20.1pp	17.3%-19.8pp
Operating margin	9.6%-3.6pp	5.9%-13.2pp	6.2%-18.2pp	8.3%-22.0pp	13.2%-20.9pp
Net margin	7.1%-2.7pp	4.5%-9.7pp	4.7%-13.4pp	6.2%-16.3pp	9.8%-15.3pp
EBITDA margin	9.8%-3.5pp	6.1%-13.1pp	6.3%-18.1pp	8.4%-22.0pp	13.3%-20.9pp
Returns
Return on equity	36.7%-15.6pp	22.7%-53.3pp	23.8%-76.7pp	32.1%-98.8pp	52.3%-102pp
Return on assets	14.7%-6.9pp	9.3%-22.2pp	9.8%-31.4pp	13.2%-39.5pp	21.6%-39.1pp
Return on invested capital	29.5%-14.7pp	18.3%-45.9pp	19.8%-62.2pp	27.3%-79.1pp	44.2%-80.8pp
Efficiency
Asset turnover	8.2×-0.4×	8.3×-0.6×	8.3×-0.8×	8.4×-0.9×	8.6×-0.9×
Inventory turnover	63.3×-4.8×	63.9×-4.4×	64.9×-5.5×	66.1×-5.8×	68.1×-6.3×
Liquidity
Current ratio	6.4×+0.3×	6.4×+0.3×	6.3×+0.1×	6.3×+0.1×	6.1×-0.1×
Quick ratio	4.5×+0.2×	4.4×+0.1×	4.3×0.0×	4.3×0.0×	4.3×-0.1×
Cash ratio	1.3×+0.1×	1.3×0.0×	1.2×0.0×	1.3×0.0×	1.2×-0.1×
Leverage
Debt-to-equity	2×+0.1×	1.9×+0.1×	1.9×+0.1×	1.9×+0.1×	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×+3.4×	16.9×+12.0×	16.5×+13.2×	14.7×+12.2×	9.3×+7.1×
Interest coverage	21.4×-10.0×	13.1×-32.3×	14.1×-44.6×	19.3×-55.9×	31.3×-56.2×
Per Share
Book value per share	$310.93+0.7%	$305.64-2.3%	$304.98-2.0%	$307.52+0.4%	$308.87+3.0%
Valuation
Market capitalization	$218.96B+24.4%	$186.62B-2.3%	$175.78B-10.3%	$166.64B-17.4%	$175.98B-7.7%
Enterprise value	$246.02B+21.4%	$214.14B-1.5%	$203.19B-8.7%	$193.85B-15.1%	$202.58B-7.1%
Price / earnings	129.8×+50.5×	156.9×+114×	149.7×+116×	126.2×+99.9×	79.2×+57.9×
Price / sales	1.8×+0.5×	1.5×+0.1×	1.4×0.0×	1.3×-0.1×	1.3×0.0×
Price / book	9.2×+2.1×	7.9×+0.3×	7.3×-0.3×	6.9×-0.9×	7.1×-0.2×
EV / EBITDA	108.9×+40.1×	134.5×+98.3×	129×+101×	109.7×+87.8×	68.8×+50.9×
EV / sales	2×+0.5×	1.7×+0.1×	1.6×0.0×	1.5×-0.1×	1.5×0.0×
Earnings yield	15%-14.2pp	11.6%-27.9pp	14%-38.5pp	19.6%-46.2pp	29.3%-51.8pp
Dividend yield	10.7%-2.1pp	12.1%+0.1pp	12.8%+1.1pp	13.3%+1.8pp	12.8%+0.3pp

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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.