Valero Energy (VLO) Gross Margin (2009 - 2026)
Valero Energy (VLO) posted Gross Margin of 12.3% for Q2 2026, up 94.04% on a QoQ basis from 6.34% in Q1 2026, and up 812.0% year-over-year from 1.35% in Q2 2025.
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Analysis
Valero Energy (VLO) Gross Margin (2009 - 2026) Analysis & Trends
Valero Energy has reported Gross Margin for 18 years, with the latest figure at 12.3% in Q2 2026.
- On a quarterly basis, Gross Margin rose 812.0% year-over-year to 12.3% in Q2 2026; TTM through Jun 2026 was 8.03%, a 550.0% increase from a year earlier, with the FY2025 full-year figure at 4.43%, up 73.0% from the prior year.
- Gross Margin was 12.3% for Q2 2026 at Valero Energy, 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.
- Average Gross Margin over 5 years is 6.87%, with a median of 6.26% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 999 bps in 2022, then tumbled 752 bps in 2024.
- Over 5 years, 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 jumped by 207 bps to 6.27% in 2025, then soared by 96 bps to 12.3% in 2026.
- The last three Gross Margin figures came in at 12.3% (Q2 2026), 6.34% (Q1 2026), and 6.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 12.30% |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 15.14% |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 10.27% |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 9.82% |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | 11.12% |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 4.27% |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 6.43% |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 8.93% |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 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();