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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Valero Energy (VLO) Operating Margin (2016 - 2025)

Valero Energy has reported Operating Margin over the past 17 years, most recently at 5.19% for Q4 2025.

  • Quarterly results put Operating Margin at 5.19% for Q4 2025, up 405.0% from a year ago — trailing twelve months through Dec 2025 was 2.59% (down 30.0% YoY), and the annual figure for FY2025 was 2.59%, down 30.0%.
  • Operating Margin for Q4 2025 was 5.19% at Valero Energy, up from 4.69% in the prior quarter.
  • Over the last five years, Operating Margin for VLO hit a ceiling of 12.04% in Q2 2022 and a floor of 3.2% in Q1 2021.
  • Median Operating Margin over the past 5 years was 4.41% (2021), compared with a mean of 4.71%.
  • Biggest five-year swings in Operating Margin: tumbled -1537bps in 2021 and later skyrocketed 1021bps in 2022.
  • Valero Energy's Operating Margin stood at 4.44% in 2021, then soared by 132bps to 10.29% in 2022, then plummeted by -57bps to 4.39% in 2023, then tumbled by -74bps to 1.13% in 2024, then soared by 358bps to 5.19% in 2025.
  • The last three reported values for Operating Margin were 5.19% (Q4 2025), 4.69% (Q3 2025), and 3.34% (Q2 2025) per Business Quant data.