Valero Energy Corporation (VLO)

Valero Energy Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	116,553	123,974	139,001	171,189	108,332	60,115
Revenue Growth (YoY)	-9.46%	-10.81%	-18.80%	58.02%	80.21%	-41.48%
Cost of Revenue	109,369	116,440	123,411	151,965	102,845	58,552
Gross Profit	7,184	7,534	15,590	19,224	5,487	1,563
Selling, General & Admin	914	871	898	926	816	724
Other Operating Expenses	17	44	33	66	87	35
Operating Expenses	3,770	3,689	3,632	3,465	3,260	3,110
Operating Income	3,414	3,845	11,958	15,759	2,227	-1,547
Interest Expense	-552	-556	-592	-562	-603	-563
Interest & Investment Income	-	-	-	-	188	-
Currency Exchange Gain (Loss)	-	-	-	-119	44	-13
Other Non Operating Income (Expenses)	323	409	402	290	-134	113
EBT Excluding Unusual Items	3,185	3,698	11,768	15,368	1,722	-2,010
Gain (Loss) on Sale of Investments	-	-	-	-	62	-
Asset Writedown	-	-	-	-61	-48	-
Other Unusual Items	-	-	-	-	-193	-
Pretax Income	1,804	3,698	11,768	15,307	1,543	-2,010
Income Tax Expense	370	692	2,619	3,428	255	-903
Earnings From Continuing Operations	1,434	3,006	9,149	11,879	1,288	-1,107
Net Income to Company	1,434	3,006	9,149	11,879	1,288	-1,107
Minority Interest in Earnings	61	-236	-314	-351	-358	-314
Net Income	1,495	2,770	8,835	11,528	930	-1,421
Preferred Dividends & Other Adjustments	4	8	27	43	6	5
Net Income to Common	1,491	2,762	8,808	11,485	924	-1,426
Net Income Growth	-59.50%	-68.65%	-23.36%	1139.57%	-	-
Shares Outstanding (Basic)	312	322	353	395	407	407
Shares Outstanding (Diluted)	313	322	353	396	407	407
Shares Change (YoY)	-4.21%	-8.78%	-10.86%	-2.70%	-	-1.69%
EPS (Basic)	4.78	8.58	24.95	29.08	2.27	-3.50
EPS (Diluted)	4.78	8.58	24.92	29.04	2.27	-3.50
EPS Growth	-57.42%	-65.58%	-14.19%	1179.29%	-	-
Free Cash Flow	3,960	5,776	8,318	10,893	4,194	-840
Free Cash Flow Per Share	12.65	17.94	23.56	27.51	10.30	-2.06
Dividend Per Share	4.460	4.280	4.080	3.920	3.920	3.920
Dividend Growth	5.44%	4.90%	4.08%	-	-	8.89%
Gross Margin	6.16%	6.08%	11.22%	11.23%	5.07%	2.60%
Operating Margin	2.93%	3.10%	8.60%	9.21%	2.06%	-2.57%
Profit Margin	1.28%	2.23%	6.34%	6.71%	0.85%	-2.37%
Free Cash Flow Margin	3.40%	4.66%	5.98%	6.36%	3.87%	-1.40%
EBITDA	6,253	6,619	14,659	18,209	4,584	804
EBITDA Margin	5.37%	5.34%	10.55%	10.64%	4.23%	1.34%
D&A For EBITDA	2,839	2,774	2,701	2,450	2,357	2,351
EBIT	3,414	3,845	11,958	15,759	2,227	-1,547
EBIT Margin	2.93%	3.10%	8.60%	9.21%	2.06%	-2.57%
Effective Tax Rate	20.51%	18.71%	22.25%	22.39%	16.53%	-

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q