Business Segments · Cost of Revenue
Ethanol — Cost of Revenue
Valero Energy Ethanol — Cost of Revenue decreased by 5.2% to $1.08B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 10.6%, from $1.21B to $1.08B. Over 4 years (FY 2021 to FY 2025), Ethanol — Cost of Revenue shows a downward trend with a -2.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
Lower costs relative to revenue indicate better production margins.
Detailed definition
The total direct costs incurred to produce and deliver ethanol products to customers, encompassing raw materials, labor,...
Peer comparison
Comparable to standard Cost of Goods Sold (COGS) for manufacturing segments.
Metric ID:
vlo_segment_ethanol_cost_of_revenueHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.27B | $1.35B | $1.4B | $1.26B | $1.39B | $1.39B | $1.28B | $1.28B | $1.35B | $1.24B | $1.13B | $1.07B | $1.02B | $994M | $1.09B | $1.21B | $1.15B | $1.11B | $1.14B | $1.08B |
| QoQ Change | — | +6.2% | +3.6% | -9.9% | +10.4% | -0.4% | -7.7% | +0.2% | +5.1% | -8.1% | -9.0% | -5.4% | -4.4% | -2.4% | +10.1% | +10.1% | -4.5% | -3.5% | +2.3% | -5.2% |
| YoY Change | — | — | — | — | +9.5% | +2.7% | -8.5% | +1.7% | -3.2% | -10.7% | -11.9% | -16.9% | -24.4% | -19.6% | -2.8% | +13.1% | +13.1% | +11.8% | +3.8% | -10.6% |
Range$994M – $1.4B
CAGR-3.4%
Avg YoY Growth-3.3%
Median YoY Growth-3.0%
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Frequently Asked Questions
- What is Valero Energy's ethanol — cost of revenue?
- Valero Energy (VLO) reported ethanol — cost of revenue of $1.08B in Q1 2026.
- How has Valero Energy's ethanol — cost of revenue changed year-over-year?
- Valero Energy's ethanol — cost of revenue decreased by 10.6% year-over-year, from $1.21B to $1.08B.
- What is the long-term trend for Valero Energy's ethanol — cost of revenue?
- Over 4 years (2021 to 2025), Valero Energy's ethanol — cost of revenue has grown at a -2.6% compound annual growth rate (CAGR), from $5.12B to $4.6B.
- What does ethanol — cost of revenue mean?
- Total direct costs associated with generating ethanol revenue.