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Valero Energy Corporation's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $117.0B | |
|---|---|---|
| Revenue (ttm) | 146.6B | |
| Net income (ttm) | 12.9B | |
| EPS (ttm) | $43.7 | |
| Shares out | 287.9M | |
| P/E (trailing) | 8.9x | |
| P/E (forward) | 10.2x | |
| Dividend | $4.80 (1.24%) | |
| Volume | 2,582,381 | |
| Beta | 0.59 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $113.98B | $176.38B | $144.77B | $129.88B | $122.69B | +1.9% |
| Gross profit | $3.08B | $16.75B | $12.89B | $4.76B | $5.37B | +14.9% |
| Operating income | $2.13B | $15.69B | $11.86B | $3.76B | $3.18B | +10.5% |
| Net income | $930.0M | $11.53B | $8.84B | $2.77B | $2.35B | +26.1% |
| EPS (diluted) | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 | +35.1% |
| EBITDA | $4.55B | $18.34B | $14.66B | $7.03B | $6.72B | +10.2% |
| R&D | — | — | — | — | — | — |
| SG&A | $865.0M | $934.0M | $998.0M | $961.0M | $1.04B | +4.8% |
Recent company headlines from major financial publishers.
Valero captures peak cyclical refining earnings in FY2026 supported by robust Gulf Coast throughput and low cash operating expenses of $4.75/bbl. Over the subsequent four years, refining crack spreads normalize toward marginal European hydroskimming economics, driving operating margins down to the 4.0% mid-cycle level. Disciplined capital allocation keeps annual reinvestment between 9.1% and 12.5%, generating solid mid-cycle cash conversion.
Atlantic Basin crack spreads remain structurally elevated as persistent global capacity outages between the Middle East and Russia and prohibitive greenfield replacement costs prevent market oversupply. High Nelson complexity allows Valero to maximize discounted heavy crude processing margins, sustaining elevated refining profitability and strong free cash flow generation for share repurchases.
| Ke ↓ / g → | 1.5% | 1.8% | 2.0% | 2.3% | 2.5% |
|---|---|---|---|---|---|
| 7.0% | $344 | $354 | $365 | $378 | $392 |
| 7.5% | $320 | $329 | $338 | $348 | $359 |
| 8.0% | $300 | $307 | $315 | $323 | $333 |
| 8.5% | $283 | $289 | $296 | $303 | $310 |
| 9.0% | $268 | $273 | $279 | $285 | $291 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
