Valero Energy (VLO) Return on Invested Capital [ROIC] (2009 - 2026)
Valero Energy (VLO) posted Return on Invested Capital [ROIC] of 19.83% for Q2 2026, up 17.52 percentage points from 2.32% a year earlier and up 8.35 percentage points from the prior quarter.
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Analysis
Valero Energy (VLO) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Valero Energy's Return on Invested Capital [ROIC] came in at 6.32%, down 1.50 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three consecutive years, though with a five-year change of +8.94 percentage points (FY2020 to FY2025).
- In prior years, Valero Energy's Return on Invested Capital [ROIC] was 7.82% in FY2024 (-16.08 pp), 23.90% in FY2023 (-10.50 pp), 34.40% in FY2022 (+29.17 pp) and 5.23% in FY2021 (+7.84 pp).
- The Q2 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in two of the last eight quarters, with an average year-over-year change of -5.52 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q3 2022, with a gain of 28.90 percentage points; the weakest was Q1 2024, with a drop of 19.15 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 11.49% (Q1 2026), 6.38% (Q4 2025) and 4.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 103.92 Bn | 76.72 Bn | 12.69 Bn | 28.29% |
| 2 | Valero Energy | 98.70 Bn | 70.56 Bn | 9.41 Bn | 33.38% |
| 3 | HF Sinclair | 17.12 Bn | 9.40 Bn | 3.15 Bn | 25.94% |
| 4 | Sunoco | 8.45 Bn | 5.30 Bn | 1.56 Bn | 9.32% |
| 5 | PBF Energy | 7.96 Bn | 3.45 Bn | 2.17 Bn | 31.02% |
| 6 | Ultrapar Holdings | 5.80 Bn | -1.43 Bn | 912.61 Mn | 463.04% |
| 7 | Delek US Holdings | 3.90 Bn | 1.39 Bn | 365.10 Mn | 14.97% |
| 8 | Cvr Energy | 3.81 Bn | 775.98 Mn | 783.00 Mn | 15.08% |
| 9 | Icahn Enterprises | 3.40 Bn | -2.86 Bn | - | -7.39% |
| 10 | Bw Lpg | 3.31 Bn | 2.29 Bn | - | 12.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.38% |
| Jun 30, 2026 | 19.83% |
| Mar 31, 2026 | 11.49% |
| Dec 31, 2025 | 6.38% |
| Sep 30, 2025 | 4.15% |
| Jun 30, 2025 | 2.32% |
| Mar 31, 2025 | 2.92% |
| Dec 31, 2024 | 7.95% |
| Sep 30, 2024 | 10.01% |
| Jun 30, 2024 | 15.68% |
| Mar 31, 2024 | 18.52% |
| Dec 31, 2023 | 23.18% |
| Sep 30, 2023 | 28.58% |
| Jun 30, 2023 | 29.67% |
| Mar 31, 2023 | 37.67% |
| Dec 31, 2022 | 33.64% |
| Sep 30, 2022 | 28.98% |
| Jun 30, 2022 | 22.90% |
| Mar 31, 2022 | 10.12% |
| Dec 31, 2021 | 5.35% |
API Access
Valero Energy Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=VLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=VLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();