Valero Energy (VLO) Net Margin (2009 - 2026)
Valero Energy (VLO) posted Net Margin of 8.36% for Q2 2026, up 5.98 percentage points from 2.39% a year earlier and up 4.46 percentage points from the prior quarter.
Valero Energy (VLO) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Valero Energy was 5.17%, up 4.56 percentage points year-over-year; for FY2025, it came in at 1.91%, down 0.22 percentage points from FY2024.
- Annual Net Margin has declined for three consecutive years, though with a five-year change of +4.10 percentage points (FY2020 to FY2025).
- In prior years, Valero Energy's Net Margin was 2.13% in FY2024 (-3.97 pp), 6.10% in FY2023 (-0.43 pp), 6.54% in FY2022 (+5.72 pp) and 0.82% in FY2021 (+3.01 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q1 2023.
- On a year-over-year basis, Net Margin has increased in each of the last four quarters, with an average year-over-year change of +0.34 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2022, with a gain of 8.50 percentage points; the weakest was Q1 2025, with a drop of 5.89 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 3.90% (Q1 2026), 3.73% (Q4 2025) and 3.40% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 9.82% |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 8.36% |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 8.59% |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 7.76% |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 1.98% |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | 4.04% |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | -0.11% |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 4.15% |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | -12.59% |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 15.57% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.36% |
| Mar 31, 2026 | 3.90% |
| Dec 31, 2025 | 3.73% |
| Sep 30, 2025 | 3.40% |
| Jun 30, 2025 | 2.39% |
| Mar 31, 2025 | -1.97% |
| Dec 31, 2024 | 0.91% |
| Sep 30, 2024 | 1.11% |
| Jun 30, 2024 | 2.55% |
| Mar 31, 2024 | 3.92% |
| Dec 31, 2023 | 3.39% |
| Sep 30, 2023 | 6.83% |
| Jun 30, 2023 | 5.63% |
| Mar 31, 2023 | 8.42% |
| Dec 31, 2022 | 7.46% |
| Sep 30, 2022 | 6.34% |
| Jun 30, 2022 | 9.09% |
| Mar 31, 2022 | 2.35% |
| Dec 31, 2021 | 2.81% |
| Sep 30, 2021 | 1.57% |
Valero Energy Net 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=net-margin&ticker=VLO&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();