Valero Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	122,687	129,881	144,766	176,383	113,977
Revenue Growth (YoY)	-5.54%	-10.28%	-17.93%	54.75%	75.59%
Cost of Revenue	123,599	130,907	137,923	165,976	116,624
Gross Profit	-912	-1,026	6,843	10,407	-2,647
Selling, General & Admin	1,042	961	998	934	865
Depreciation & Amortization Expenses	63	45	43	45	47
Other Operating Expenses	1,146	44	33	127	87
Operating Income	3,181	3,755	11,858	15,690	2,130
Interest Expense	-556	-556	-592	-562	-603
Other Non-Operating Income (Expense)	380	499	502	179	16
Total Non-Operating Income (Expense)	-176	-57	-90	-383	-587
Pretax Income	3,005	3,698	11,768	15,307	1,543
Provision for Income Taxes	759	692	2,619	3,428	255
Net Income	2,348	2,770	8,835	11,528	930
Minority Interest in Earnings	-102	236	314	351	358
Net Income to Common	2,348	2,770	8,835	11,528	930
Net Income Growth	-15.24%	-68.65%	-23.36%	1139.57%	-
Shares Outstanding (Basic)	309	322	353	395	407
Shares Outstanding (Diluted)	309	322	353	396	407
Shares Change (YoY)	-4.04%	-8.78%	-10.86%	-2.70%	-
EPS (Basic)	7.57	8.58	24.93	29.05	2.27
EPS (Diluted)	7.57	8.58	24.92	29.04	2.27
EPS Growth	-11.77%	-65.57%	-14.19%	1179.29%	-
Free Cash Flow	3,941	4,626	7,313	9,837	3,401
Free Cash Flow Growth	-14.81%	-36.74%	-25.66%	189.24%	-
Free Cash Flow Per Share	12.75	14.37	20.72	24.84	8.36
Dividends Per Share	4.520	4.280	4.080	3.920	3.920
Dividend Growth	5.61%	4.90%	4.08%	-	-
Gross Margin	-0.74%	-0.79%	4.73%	5.90%	-2.32%
Operating Margin	2.59%	2.89%	8.19%	8.90%	1.87%
Profit Margin	1.83%	2.31%	6.32%	6.73%	1.13%
FCF Margin	3.21%	3.56%	5.05%	5.58%	2.98%
EBITDA	6,339	6,529	14,559	18,163	4,535
EBITDA Margin	5.17%	5.03%	10.06%	10.30%	3.98%
EBIT	3,181	3,755	11,858	15,690	2,130
EBIT Margin	2.59%	2.89%	8.19%	8.90%	1.87%
Effective Tax Rate	25.26%	18.71%	22.26%	22.39%	16.53%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.