Valero Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	124,810	122,687	129,881	144,766	176,383	113,977
Revenue Growth (YoY)	-2.78%	-5.54%	-10.28%	-17.93%	54.75%	75.59%
Cost of Revenue	106,149	107,440	116,447	123,456	157,159	108,490
Gross Profit	18,661	15,247	13,434	21,310	19,224	5,487
Selling, General & Admin	1,066	1,042	961	998	934	865
Depreciation & Amortization Expenses	3,307	3,158	2,774	2,701	2,473	2,405
Other Operating Expenses	1,756	7,866	5,944	5,753	127	87
Total Operating Expenses	6,129	12,066	9,679	9,452	3,534	3,357
Operating Income	5,812	3,181	3,755	11,858	15,690	2,130
Interest Expense	-559	-556	-556	-592	-562	-603
Other Non-Operating Income (Expense)	392	380	499	502	179	16
Total Non-Operating Income (Expense)	-167	-176	-57	-90	-383	-587
Pretax Income	5,645	3,005	3,698	11,768	15,307	1,543
Provision for Income Taxes	1,425	759	692	2,619	3,428	255
Net Income	4,206	2,348	2,770	8,835	11,528	930
Minority Interest in Earnings	14	-102	236	314	351	358
Net Income to Common	4,206	2,348	2,770	8,835	11,528	930
Net Income Growth	352.26%	-15.24%	-68.65%	-23.36%	1139.57%	-
Shares Outstanding (Basic)	306	309	322	353	395	407
Shares Outstanding (Diluted)	306	309	322	353	396	407
Shares Change (YoY)	-3.93%	-4.04%	-8.78%	-10.86%	-2.70%	-
EPS (Basic)	13.77	7.57	8.58	24.93	29.05	2.27
EPS (Diluted)	13.76	7.57	8.58	24.92	29.04	2.27
EPS Growth	384.51%	-11.77%	-65.57%	-14.19%	1179.29%	-
Shares Outstanding	296.94	298.94	314.86	333.3	372.13	409.2
Free Cash Flow	4,590	3,941	4,626	7,313	9,837	3,401
Free Cash Flow Growth	16.47%	-14.81%	-36.74%	-25.66%	189.24%	-
Free Cash Flow Per Share	15.02	12.75	14.37	20.72	24.84	8.36
Dividends Per Share	4.590	4.520	4.280	4.080	3.920	3.920
Dividend Growth	1.55%	5.61%	4.90%	4.08%	-	-
Gross Margin	14.95%	12.43%	10.34%	14.72%	10.90%	4.81%
Operating Margin	4.66%	2.59%	2.89%	8.19%	8.90%	1.87%
Profit Margin	3.38%	1.83%	2.31%	6.32%	6.73%	1.13%
FCF Margin	3.68%	3.21%	3.56%	5.05%	5.58%	2.98%
EBITDA	9,119	6,339	6,529	14,559	18,163	4,535
EBITDA Margin	7.31%	5.17%	5.03%	10.06%	10.30%	3.98%
EBIT	5,812	3,181	3,755	11,858	15,690	2,130
EBIT Margin	4.66%	2.59%	2.89%	8.19%	8.90%	1.87%
Effective Tax Rate	25.24%	25.26%	18.71%	22.26%	22.39%	16.53%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q