Valero Energy (VLO) Gross Margin (2009 - 2026)
Valero Energy (VLO) recorded quarterly Gross Margin of 95.07% in Q1 2026, up 143.71% quarter-over-quarter from 217.52% in Q4 2025, and up 9340.0% on a YoY basis from 1.01% in Q1 2025.
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 95.07% for Q1 2026.
- In Q1 2026, Gross Margin rose 9340.0% year-over-year to 95.07%; the TTM figure through Mar 2026 stood at 4.12% (down 12657.0% YoY), while the FY2025 annual figure was 17.6%, down 8237.0% from the prior year.
- Gross Margin was 95.07% for Q1 2026 at Valero Energy, up from 217.52% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 387.9% in Q4 2024 to a low of 217.52% in Q4 2025.
- Historically, Gross Margin has averaged 64.21% across 5 years, with a median of 94.91% in 2025.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 30504 bps in 2024, then plunged 60542 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 111.22% in 2022, then retreated by 26 bps to 82.86% in 2023, then soared by 368 bps to 387.9% in 2024, then slumped by 156 bps to 217.52% in 2025, then soared by 144 bps to 95.07% in 2026.
- The last three Gross Margin figures came in at 95.07% (Q1 2026), 217.52% (Q4 2025), and 5.51% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 9.57% |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 95.07% |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | 94.30% |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 16.72% |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | 15.80% |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 31.01% |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | -6.07% |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | 3.52% |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | -5.20% |
| 10 | Delek US Holdings | 2.80 Bn | 2.43 Bn | -130.20 Mn | -4.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.07% |
| Dec 31, 2025 | -217.52% |
| Sep 30, 2025 | 5.51% |
| Jun 30, 2025 | 94.91% |
| Mar 31, 2025 | 1.68% |
| Dec 31, 2024 | 387.90% |
| Sep 30, 2024 | 8.85% |
| Jun 30, 2024 | 99.99% |
| Mar 31, 2024 | 6.24% |
| Dec 31, 2023 | 82.86% |
| Sep 30, 2023 | 99.98% |
| Jun 30, 2023 | 14.72% |
| Mar 31, 2023 | 99.97% |
| Dec 31, 2022 | 111.22% |
| Sep 30, 2022 | 96.07% |
| Jun 30, 2022 | 99.97% |
| Mar 31, 2022 | 4.20% |
| Dec 31, 2021 | 99.95% |
| Sep 30, 2021 | 9.81% |
| Jun 30, 2021 | 9.01% |