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Valero Energy Corporation

Rank #432DeclineWatchlistCompare with other stocks

VLO · NYSE · Energy

Valero Energy Corporation (VLO) — Rank #432 by gross profitability (GP/assets 0.08) · ROE 8.4% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001035002 · all metrics point-in-time as of the filing date.

About

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally.

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It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997.

Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

Industry
Oil & Gas Refining & Marketing
Sector
Energy
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
valero.com

Company Snapshot

P/E, P/B, and dividend yield matter most — book value provides a floor.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

9,785

Industry

Oil & Gas Refining & Marketing

Exchange

NYSE

6/9

Flags passed

VLO fails 2 critical flags

Passes 6 of 9 quality flags, 1 caution

  • FAIL
    Revenue declining YoY

    Revenue contracted year over year

  • FAIL
    Operating margin declining

    Operating margin lower than prior year

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Sequential beat (rev + EPS)

No data FCF vs investment · Free cash flow · Competitive position — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.08
Return on equity
8.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.19
Current ratio
1.72×
Net cash
$590.00M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
0.1%

Growth

1/2 pass
Revenue growth
-5.5%
Piotroski F-Score
6 / 9
Share dilution
-4.0%

Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.

Profitability

Does it make money well?

Warning: Operating margin declining, Revenue declining YoY · GP/assets 0.08

Gross profitability (GP / assets)

0.08

Primary signal (Novy-Marx).

5th of 5 SIC 2911 peers

Return on equity

8.4%

Gross margin

4.4%

5th of 5 SIC 2911 peers

Revenue growth (YoY)

-5.5%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-11.4%

Revenue CAGR (5Y)

13.6%

Earnings CAGR (3Y)

-41.2%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No data

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF vs net income

—

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.1%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $590.00M, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.19

Current ratio

1.72×

1st of 5 SIC 2911 peers

Quick ratio

0.98×

Net cash

$590.00M

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

1.8 / 5

Weak
Payout ratio
59.8%3/5 Good
FCF coverage
N/A0/5 Weak
Dividend growth streak
1 yr1/5 Weak
Balance-sheet health
D/E 1.19 · IC 5.72×3/5 Good

Capital allocation quality

Composite score

2.7 / 5

Fair
Share count trend(net buybacks)
-4.0%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency
1 yr1/5 Weak
Net debt trajectory
-0.6%3/5 Good

Lifecycle Phase History

20202025
Decline
Hypergrowth

Price History

VLO+629.0% · +48.6% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports