Valero Energy (VLO) Return on Capital Employed (2009 - 2026)
Valero Energy (VLO) posted quarterly Return on Capital Employed of 22.42% for Q2 2026, up 1992.0% year-over-year from 1.07% in Q2 2025, and up 63.58% quarter-over-quarter from 13.7% in Q1 2026.
Valero Energy (VLO) Return on Capital Employed (2009 - 2026) Analysis & Trends
Valero Energy's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 22.42% for Q2 2026.
- In Q2 2026, Return on Capital Employed rose 1992.0% year-over-year to 22.42%; the TTM figure through Jun 2026 stood at 22.42% (up 1992.0% YoY), while the FY2025 annual figure was 7.08%, down 171.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 22.42%, up from 13.7% in the prior quarter.
- The five-year high for Return on Capital Employed was 40.58% in Q1 2023, with the low at 2.49% in Q2 2025.
- The 5-year median for Return on Capital Employed is 19.84% (2024), against an average of 19.27%.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed surged 3135 bps in 2022, then plunged 2231 bps in 2024.
- Valero Energy's Return on Capital Employed stood at 36.75% in 2022, then slipped by 25 bps to 27.6% in 2023, then slumped by 70 bps to 8.39% in 2024, then slipped by 14 bps to 7.2% in 2025, then jumped by 211 bps to 22.42% in 2026.
- Business Quant data shows VLO's Return on Capital Employed at 22.42% in Q2 2026, 13.7% in Q1 2026, and 7.2% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.19 Bn | 88.42 Bn | 9.27 Bn | 22.14% |
| 2 | Valero Energy | 94.91 Bn | 87.04 Bn | 5.47 Bn | 22.42% |
| 3 | Phillips 66 | 89.34 Bn | 85.25 Bn | 8.38 Bn | -190.97% |
| 4 | HF Sinclair | 15.55 Bn | 13.29 Bn | 1.57 Bn | 17.43% |
| 5 | Sunoco | 10.14 Bn | 9.36 Bn | 1.46 Bn | 7.59% |
| 6 | PBF Energy | 8.18 Bn | 7.28 Bn | 1.15 Bn | 19.21% |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | 8.87% |
| 8 | Ultrapar Holdings | 6.35 Bn | 4.63 Bn | 603.08 Mn | 6,606.97% |
| 9 | Icahn Enterprises | 5.05 Bn | 3.08 Bn | 198.00 Mn | - |
| 10 | Delek US Holdings | 3.90 Bn | 3.27 Bn | 365.10 Mn | 14.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.42% |
| Mar 31, 2026 | 13.70% |
| Dec 31, 2025 | 7.20% |
| Sep 30, 2025 | 4.41% |
| Jun 30, 2025 | 6.01% |
| Mar 31, 2025 | 7.47% |
| Dec 31, 2024 | 8.39% |
| Sep 30, 2024 | 10.62% |
| Jun 30, 2024 | 17.77% |
| Mar 31, 2024 | 59.66% |
| Dec 31, 2023 | 76.21% |
| Sep 30, 2023 | 32.94% |
| Jun 30, 2023 | 32.74% |
| Mar 31, 2023 | 40.58% |
| Dec 31, 2022 | 36.75% |
| Sep 30, 2022 | 29.12% |
| Jun 30, 2022 | 24.48% |
| Mar 31, 2022 | 10.62% |
| Dec 31, 2021 | 5.40% |
| Sep 30, 2021 | 0.16% |