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Valero Energy VLO Return on invested capital

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3.2%+2.0pp
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15.8%+7.2pp
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50.1%+21.8pp
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PBF EnergyPBF
-7.6%+15.0pp

Other financials

Income statement

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Revenue$44.5B+48.8%
Gross profit$5.5B+338%
Operating income$5.2B+421%
Net income$3.7B+421%
EPS (diluted)$12.62+454%

Balance sheet

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Cash & equivalents$7.9B+73.6%
Total debt$11.3B+6.6%
Total equity$25.0B+3.8%
Total assets$64.7B+8.8%

Cash flow

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Operating cash flow$5.6B+496%
CapEx$409.0M-4.7%
Free cash flow$1.5B+70.0%

Valuation

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Market cap$90.09B+115%
Enterprise value$93.57B+94.7%
P/E12.5×-42.4×
P/S0.7×+0.3×

Profitability

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Gross margin8%+5.5pp
Operating margin7.2%+6.4pp
Net margin5.2%+4.6pp
FCF margin3.5%

Returns & leverage

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Return on equity29.4%+26.3pp
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 source filing: Valero Energy’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 12:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050937

FAQ

What is Valero Energy's return on invested capital?
Valero Energy (VLO) reported return on invested capital of 26.4% in Q2 2026.
How has Valero Energy's return on invested capital changed year-over-year?
Valero Energy's return on invested capital increased by 875.2% year-over-year, from 2.7% to 26.4%.
What is the long-term trend for Valero Energy's return on invested capital?
Over 5 years (2020 to 2025), Valero Energy's return on invested capital has grown at a 7.6% compound annual growth rate (CAGR), from -4.9% to 7.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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