Valero Energy (VLO) Return on Capital Employed [ROCE] (2009 - 2026)
Valero Energy's Return on Capital Employed [ROCE] came in at 22.42% for Q2 2026, up 20.28 percentage points from 2.13% a year earlier and up 8.71 percentage points from the prior quarter.
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Analysis
Valero Energy (VLO) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Valero Energy's Return on Capital Employed [ROCE] was 7.08%, down 1.07 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined in each of the last three years, though with a five-year change of +10.70 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 8.14% in FY2024 (-18.08 pp), 26.22% in FY2023 (-11.16 pp), 37.38% in FY2022 (+31.77 pp) and 5.61% in FY2021 (+9.24 pp).
- The Q2 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Year-over-year, Return on Capital Employed [ROCE] increased in two of the last eight quarters, with an average year-over-year change of -6.12 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2022 (a gain of 31.35 percentage points), and the weakest in Q3 2024 (a drop of 22.31 percentage points).
- Business Quant data shows VLO's Return on Capital Employed [ROCE] at 13.70% (Q1 2026), 7.20% (Q4 2025) and 4.41% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 103.92 Bn | 76.72 Bn | 12.69 Bn | 31.53% |
| 2 | Valero Energy | 98.70 Bn | 70.56 Bn | 9.41 Bn | 37.52% |
| 3 | HF Sinclair | 17.12 Bn | 9.40 Bn | 3.15 Bn | 29.57% |
| 4 | Sunoco | 8.45 Bn | 5.30 Bn | 1.56 Bn | 9.76% |
| 5 | PBF Energy | 7.96 Bn | 3.45 Bn | 2.17 Bn | 34.75% |
| 6 | Ultrapar Holdings | 5.80 Bn | -1.43 Bn | 912.61 Mn | 16.32% |
| 7 | Delek US Holdings | 3.90 Bn | 1.39 Bn | 365.10 Mn | 14.06% |
| 8 | Cvr Energy | 3.81 Bn | 775.98 Mn | 783.00 Mn | 18.58% |
| 9 | Icahn Enterprises | 3.40 Bn | -2.86 Bn | - | - |
| 10 | Bw Lpg | 3.31 Bn | 2.29 Bn | - | 13.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.52% |
| Jun 30, 2026 | 22.42% |
| Mar 31, 2026 | 13.70% |
| Dec 31, 2025 | 7.20% |
| Sep 30, 2025 | 4.41% |
| Jun 30, 2025 | 2.13% |
| Mar 31, 2025 | 2.64% |
| Dec 31, 2024 | 8.39% |
| Sep 30, 2024 | 10.62% |
| Jun 30, 2024 | 17.77% |
| Mar 31, 2024 | 20.34% |
| Dec 31, 2023 | 25.60% |
| 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% |
API Access
Valero Energy Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();