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| Date | Value |
|---|---|
| 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 |