Valero Energy (VLO) Gross Margin (2009 - 2026)
Valero Energy (VLO) posted quarterly Gross Margin of 12.3% for Q2 2026, up 812.0% year-over-year from 1.35% in Q2 2025, and up 94.04% quarter-over-quarter from 6.34% in Q1 2026.
Valero Energy (VLO) Gross Margin (2009 - 2026) Analysis & Trends
Valero Energy's Gross Margin history runs 18 years deep, the most recent figure standing at 12.3% for Q2 2026.
- In Q2 2026, Gross Margin rose 812.0% year-over-year to 12.3%; the TTM figure through Jun 2026 stood at 8.03% (up 550.0% YoY), while the FY2025 annual figure was 4.43%, up 73.0% from the prior year.
- Gross Margin for Q2 2026 stood at 12.3%, up from 6.34% in the prior quarter.
- The five-year high for Gross Margin was 12.55% in Q2 2022, with the low at 1.68% in Q1 2025.
- The 5-year median for Gross Margin is 6.26% (2024), against an average of 6.87%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 999 bps in 2022, then tumbled 752 bps in 2024.
- Valero Energy's Gross Margin stood at 11.2% in 2022, then slumped by 53 bps to 5.29% in 2023, then sank by 61 bps to 2.05% in 2024, then surged by 207 bps to 6.27% in 2025, then jumped by 96 bps to 12.3% in 2026.
- Business Quant data shows VLO's Gross Margin at 12.3% in Q2 2026, 6.34% in Q1 2026, and 6.27% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.62 Bn | 88.86 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 95.02 Bn | 87.15 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 89.79 Bn | 85.69 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 15.45 Bn | 13.19 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.12 Bn | 9.35 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.20 Bn | 7.31 Bn | 1.15 Bn | 9.82% |
| 7 | Cosan | 6.44 Bn | 1.33 Bn | 552.94 Mn | 31.01% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 8.64% |
| 9 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 6.43% |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | 8.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.30% |
| Mar 31, 2026 | 98.61% |
| Dec 31, 2025 | 3.99% |
| Sep 30, 2025 | 13.09% |
| Jun 30, 2025 | 8.42% |
| Mar 31, 2025 | 99.99% |
| Dec 31, 2024 | 28.38% |
| Sep 30, 2024 | 2.29% |
| Jun 30, 2024 | 99.79% |
| Mar 31, 2024 | -2,046.79% |
| Dec 31, 2023 | -1,691.51% |
| Sep 30, 2023 | -7.49% |
| Jun 30, 2023 | 95.83% |
| Mar 31, 2023 | -2,159.63% |
| Dec 31, 2022 | 126.89% |
| Sep 30, 2022 | -43.94% |
| Jun 30, 2022 | 98.80% |
| Mar 31, 2022 | -2,494.73% |
| Dec 31, 2021 | 6.54% |
| Sep 30, 2021 | 98.82% |