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.
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Analysis
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 Set
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
Download Data
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% |
API Access
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_KEYimport 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();