Valero Energy (VLO) Cost of Revenue (2009 - 2026)
Valero Energy's Cost of Revenue came in at $39.01 billion for Q2 2026, up 36.2% from $28.64 billion a year earlier and up 28.6% from the prior quarter.
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Analysis
Valero Energy (VLO) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Valero Energy reported Cost of Revenue of $128.2 billion, up 6.3% year-over-year; for FY2025, it was $117.26 billion, down 6.3% from FY2024.
- Cost of Revenue has declined in each of the last three years, though with a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $125.08 billion in FY2024 (-5.1%), $131.83 billion in FY2023 (-17.4%), $159.59 billion in FY2022 (+44.0%) and $110.85 billion in FY2021 (+68.8%).
- The Q2 2026 figure represents the highest quarterly Cost of Revenue since Q3 2022.
- Year-over-year, Cost of Revenue increased in two of the last eight quarters, with an average decline of 0.4%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2021 (growth of 101.9%), and the weakest in Q2 2023 (a decline of 30.2%).
- Business Quant data shows VLO's Cost of Revenue at $30.33 billion (Q1 2026), $28.47 billion (Q4 2025) and $30.4 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 43.06 Bn |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 39.01 Bn |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 8.82 Bn |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 10.53 Bn |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 12.80 Bn |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 7.29 Bn |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 2.62 Bn |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 3.72 Bn |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | - |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 2.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.01 Bn |
| Mar 31, 2026 | 30.33 Bn |
| Dec 31, 2025 | 28.47 Bn |
| Sep 30, 2025 | 30.40 Bn |
| Jun 30, 2025 | 28.64 Bn |
| Mar 31, 2025 | 29.75 Bn |
| Dec 31, 2024 | 30.13 Bn |
| Sep 30, 2024 | 32.12 Bn |
| Jun 30, 2024 | 33.05 Bn |
| Mar 31, 2024 | 29.78 Bn |
| Dec 31, 2023 | 33.54 Bn |
| Sep 30, 2023 | 34.63 Bn |
| Jun 30, 2023 | 31.53 Bn |
| Mar 31, 2023 | 32.13 Bn |
| Dec 31, 2022 | 37.07 Bn |
| Sep 30, 2022 | 40.43 Bn |
| Jun 30, 2022 | 45.16 Bn |
| Mar 31, 2022 | 36.92 Bn |
| Dec 31, 2021 | 33.99 Bn |
| Sep 30, 2021 | 28.60 Bn |
API Access
Valero Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();