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.
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Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 112.01 Bn | 104.24 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 107.72 Bn | 99.85 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 102.68 Bn | 98.59 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 19.04 Bn | 16.78 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.45 Bn | 9.67 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.96 Bn | 8.06 Bn | 1.15 Bn | 9.82% |
| 7 | Ultrapar Holdings | 7.64 Bn | 5.53 Bn | 912.61 Mn | 11.12% |
| 8 | Icahn Enterprises | 4.53 Bn | 2.56 Bn | 198.00 Mn | 6.43% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 8.93% |
| 10 | Cvr Energy | 4.34 Bn | 3.60 Bn | 117.00 Mn | 4.27% |
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% |