Valero Energy (VLO) Gross Margin (2009 - 2026)
Valero Energy's Gross Margin was 12.30% in Q2 2026, up 8.12 percentage points from 4.18% a year earlier and up 5.96 percentage points from the prior quarter.
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Analysis
Valero Energy (VLO) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Valero Energy's Gross Margin was 8.03% through Jun 30, 2026, up 5.50 percentage points year-over-year; for FY2025, it was 4.43%, up 0.73 percentage points from FY2024.
- Gross Margin shows a five-year change of +5.57 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 3.70% in FY2024 (-5.23 pp), 8.93% in FY2023 (-0.59 pp), 9.52% in FY2022 (+6.78 pp) and 2.75% in FY2021 (+3.89 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q2 2022.
- Compared with a year earlier, Gross Margin has increased for five straight quarters, with an average year-over-year change of +0.61 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2022 (a gain of 9.99 percentage points); the worst was Q3 2024 (a drop of 7.52 percentage points).
- Per Business Quant data, VLO's Gross Margin in the three quarters before Q2 2026 was 6.34% (Q1 2026), 6.27% (Q4 2025) and 5.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 12.30% |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 15.14% |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 9.82% |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 10.27% |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 11.12% |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 4.27% |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 8.93% |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | - |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 28.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.30% |
| Mar 31, 2026 | 6.34% |
| Dec 31, 2025 | 6.27% |
| Sep 30, 2025 | 5.51% |
| Jun 30, 2025 | 4.18% |
| Mar 31, 2025 | 1.68% |
| Dec 31, 2024 | 2.05% |
| Sep 30, 2024 | 2.29% |
| Jun 30, 2024 | 4.17% |
| Mar 31, 2024 | 6.24% |
| Dec 31, 2023 | 5.29% |
| Sep 30, 2023 | 9.82% |
| Jun 30, 2023 | 8.64% |
| Mar 31, 2023 | 11.82% |
| Dec 31, 2022 | 11.20% |
| Sep 30, 2022 | 9.05% |
| Jun 30, 2022 | 12.55% |
| Mar 31, 2022 | 4.20% |
| Dec 31, 2021 | 5.32% |
| Sep 30, 2021 | 3.11% |
API Access
Valero Energy Gross Margin 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=gross-margin&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();