Valero Energy (VLO) Operating Margin (2009 - 2026)
Valero Energy (VLO) posted quarterly Operating Margin of 11.68% for Q2 2026, up 835.0% year-over-year from 1.25% in Q2 2025, and up 118.54% quarter-over-quarter from 5.35% in Q1 2026.
Valero Energy (VLO) Operating Margin (2009 - 2026) Analysis & Trends
Valero Energy's Operating Margin history runs 18 years deep, the most recent figure standing at 11.68% for Q2 2026.
- In Q2 2026, Operating Margin rose 835.0% year-over-year to 11.68%; the TTM figure through Jun 2026 stood at 7.18% (up 641.0% YoY), while the FY2025 annual figure was 2.59%, down 30.0% from the prior year.
- Operating Margin for Q2 2026 stood at 11.68%, up from 5.35% in the prior quarter.
- The five-year high for Operating Margin was 12.04% in Q2 2022, with the low at 2.97% in Q1 2025.
- The 5-year median for Operating Margin is 5.24% (2024), against an average of 5.88%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 1021 bps in 2022, then slumped 826 bps in 2025.
- Valero Energy's Operating Margin stood at 10.29% in 2022, then tumbled by 57 bps to 4.39% in 2023, then plunged by 74 bps to 1.13% in 2024, then jumped by 358 bps to 5.19% in 2025, then surged by 125 bps to 11.68% in 2026.
- Business Quant data shows VLO's Operating Margin at 11.68% in Q2 2026, 5.35% in Q1 2026, and 5.19% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.62 Bn | 88.86 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 95.02 Bn | 87.15 Bn | 5.47 Bn | 11.68% |
| 3 | Phillips 66 | 89.79 Bn | 85.69 Bn | 8.38 Bn | -74.35% |
| 4 | HF Sinclair | 15.45 Bn | 13.19 Bn | 1.57 Bn | 11.24% |
| 5 | Sunoco | 10.12 Bn | 9.35 Bn | 1.46 Bn | 4.09% |
| 6 | PBF Energy | 8.20 Bn | 7.31 Bn | 1.15 Bn | 10.89% |
| 7 | Cosan | 6.44 Bn | 1.33 Bn | 552.94 Mn | 31.89% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 10.42% |
| 9 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | -102.66% |
| 10 | Delek US Holdings | 3.93 Bn | 3.30 Bn | 365.10 Mn | 7.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.68% |
| Mar 31, 2026 | 100.35% |
| Dec 31, 2025 | 89.74% |
| Sep 30, 2025 | 4.69% |
| Jun 30, 2025 | 59.99% |
| Mar 31, 2025 | -2.97% |
| Dec 31, 2024 | 1.13% |
| Sep 30, 2024 | 1.54% |
| Jun 30, 2024 | 83.86% |
| Mar 31, 2024 | 121.05% |
| Dec 31, 2023 | 108.91% |
| Sep 30, 2023 | 238.62% |
| Jun 30, 2023 | 8.00% |
| Mar 31, 2023 | 284.32% |
| Dec 31, 2022 | -3.32% |
| Sep 30, 2022 | 312.61% |
| Jun 30, 2022 | 495.93% |
| Mar 31, 2022 | 97.26% |
| Dec 31, 2021 | 1.45% |
| Sep 30, 2021 | 43.04% |