Valero Energy (VLO) Invested Capital (2009 - 2026)

Valero Energy (VLO) recorded quarterly Invested Capital of $24.9 billion in Q1 2026, down 28.6% quarter-over-quarter from $34.9 billion in Q4 2025, and down 7.3% on a YoY basis from $26.9 billion in Q1 2025.

Valero Energy (VLO) Invested Capital (2009 - 2026) Analysis & Trends

Valero Energy's Invested Capital history runs 18 years deep, the most recent figure standing at $24.9 billion for Q1 2026.

  • In Q1 2026, Invested Capital fell 7.3% year-over-year to $24.9 billion; the TTM figure through Mar 2026 stood at $24.9 billion (down 7.3% YoY), while the FY2025 annual figure was $34.9 billion, down 8.21% from the prior year.
  • Invested Capital was $24.9 billion for Q1 2026 at Valero Energy, down from $34.9 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $40.0 billion in Q4 2023 to a low of $21.7 billion in Q1 2022.
  • Historically, Invested Capital has averaged $29.3 billion across 5 years, with a median of $29.0 billion in 2024.
  • The sharpest annual moves came in 2022 and 2023: Invested Capital plunged 31.64% in 2022, then jumped 30.5% in 2023.
  • A 5-year view of Invested Capital shows it stood at $37.1 billion in 2022, then increased by 7.94% to $40.0 billion in 2023, then declined by 5.15% to $38.0 billion in 2024, then dropped by 8.21% to $34.9 billion in 2025, then fell by 28.6% to $24.9 billion in 2026.
  • The last three Invested Capital figures came in at $24.9 billion (Q1 2026), $34.9 billion (Q4 2025), and $24.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Marathon Petroleum 76.18 Bn 80.70 Bn 3.31 Bn 56.70 Bn
2 Valero Energy 75.63 Bn 72.96 Bn 30.79 Bn 24.90 Bn
3 Phillips 66 71.92 Bn 67.92 Bn 31.12 Bn 32.59 Bn
4 HF Sinclair 12.56 Bn 11.48 Bn 1.19 Bn 12.50 Bn
5 Sunoco 8.81 Bn 8.10 Bn 1.69 Bn 8.36 Bn
6 Cosan 5.12 Bn 250.68 Mn 552.94 Mn 18.11 Bn
7 Icahn Enterprises 4.72 Bn 3.42 Bn -134.00 Mn 8.74 Bn
8 PBF Energy 4.49 Bn 4.08 Bn 278.50 Mn 6.32 Bn
9 Cvr Energy 3.16 Bn 2.85 Bn -103.00 Mn 2.44 Bn
10 Delek US Holdings 2.80 Bn 2.43 Bn -130.20 Mn 3.49 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 24.90 Bn
Dec 31, 2025 34.87 Bn
Sep 30, 2025 24.65 Bn
Jun 30, 2025 27.33 Bn
Mar 31, 2025 26.86 Bn
Dec 31, 2024 37.98 Bn
Sep 30, 2024 29.02 Bn
Jun 30, 2024 29.25 Bn
Mar 31, 2024 29.68 Bn
Dec 31, 2023 40.05 Bn
Sep 30, 2023 29.39 Bn
Jun 30, 2023 29.19 Bn
Mar 31, 2023 28.33 Bn
Dec 31, 2022 37.10 Bn
Sep 30, 2022 24.72 Bn
Jun 30, 2022 23.76 Bn
Mar 31, 2022 21.71 Bn
Dec 31, 2021 33.69 Bn
Sep 30, 2021 19.75 Bn
Jun 30, 2021 19.75 Bn