SuperworthValero Energy profit margin VLO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 5.2%
- Operating margin, 12 months
- 7.2%
- Net margin on a year earlier
- +4.6 pts
- Peer median
- 5.6%
Over the twelve months to Jun 30, 2026, Valero Energy kept 5.2% of its revenue as net profit, with an operating margin of 7.2% and a gross margin of 8.0%.
Five years earlier its net margin was −1.7%.
The median for 3 oil refiners of a similar size is 5.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 1.9% | 2.6% | 4.4% |
| FY2024 | 2.1% | 2.9% | 3.7% |
| FY2023 | 6.1% | 8.2% | 8.9% |
| FY2022 | 6.5% | 8.9% | 9.5% |
| FY2021 | 0.8% | 1.9% | 2.7% |
| FY2020 | −2.2% | −2.4% | −1.1% |
| FY2019 | 2.2% | 3.5% | 4.4% |
| FY2018 | 2.7% | 3.9% | 4.8% |
| FY2017 | 4.3% | 3.8% | 4.8% |
| FY2016 | 3.0% | 4.7% | n/a |
| FY2015 | 4.5% | 7.2% | n/a |
| FY2014 | 2.8% | 4.5% | n/a |
| FY2013 | 2.0% | 2.9% | n/a |
| FY2012 | 1.5% | 2.9% | n/a |
| FY2011 | 1.7% | 2.9% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.2% | +4.6 pts | 7.2% | |
| Q1 FY26 | 3.4% | +2.6 pts | 4.7% | |
| Q4 FY25 | 1.9% | −0.2 pts | 2.6% | |
| Q3 FY25 | 1.2% | −1.5 pts | 1.6% | |
| Q2 FY25 | 0.6% | −3.6 pts | 0.8% | |
| Q1 FY25 | 0.7% | −4.3 pts | 0.9% | |
| Q4 FY24 | 2.1% | −4.0 pts | 2.9% | |
| Q3 FY24 | 2.7% | −4.4 pts | 3.7% | |
| Q2 FY24 | 4.2% | −2.7 pts | 5.7% | |
| Q1 FY24 | 5.0% | −2.8 pts | 6.8% | |
| Q4 FY23 | 6.1% | −0.4 pts | 8.2% | |
| Q3 FY23 | 7.1% | +1.6 pts | 9.7% |
Against its peers
Companies in Oil & Gas Refining & Marketing nearest Valero Energy's size, closest first, today.
| Company | Profit margin |
|---|---|
| VLOValero Energy | 5.2% |
| MPCMarathon Petroleum | 5.6% |
| PSXPhillips 66 | 4.7% |
| DINOHF Sinclair | 6.1% |
| Peer median | 5.6% |
Where Valero Energy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Valero Energy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.