Valero Energy (VLO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Valero Energy

NYSE•Energy•Oil & Gas Refining & Marketing

$387.65+6.19(0.02%)After hours

Market Cap

$108.72B

P/E

8.4x

P/S

0.7x

P/B

3.9x

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

How this company scores

ExcellentMetricSide Score: 88/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (20/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.4x5y range 3.7x – 54.9x

Currently near its 20-quarter median.

P/S · 0.7x5y range 0.2x – 0.7x

Currently above its 20-quarter median.

P/B · 3.9x5y range 1.5x – 3.9x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Price & Volume

Market Cap $108.72B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $153.33B
Q. Revenue: $46.10B
TTM EBITDA: $17.63B
TTM Op. Income: $17.57B
Q. Op. Income: $9.07B
TTM Net Income: $12.95B
Q. Net Income: $6.83B
EPS: $23.9
Shares Out.: $285.00M

$153.33B in TTM revenue grew 24.6% YoY, reaching $46.10B last quarter. TTM EBITDA of $17.63B and TTM operating income of $17.57B show growth is flowing through to the bottom line. TTM net income of $12.95B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.4%
EBITDA Margin: 19.7%
Op. Margin: 19.7%
Net Margin: 14.8%

Op. margin of 19.7% is up 15.0% YoY — cost efficiency is improving. Net margin at 14.8% and gross margin of 20.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 6 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.4x
P/S Ratio: 0.7x
P/B Ratio: 3.9x

At 8.4x P/E, the stock trades below typical market levels. P/S of 0.7x and P/B of 3.9x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 5 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $67.95B
Cash: $9.84B
Long-Term Debt: $10.01B
Book Value: $27.97B
D/E Ratio: 0.4
Debt/EBITDA: 1.1

With $67.95B in assets and $10.01B in long-term debt, D/E is 0.4and book value is $27.97B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.93B
TTM Free Cash Flow: $16.06B
FCF Margin: 10.5%
FCF / Net Income: 1.2

TTM FCF of $16.06B on $6.93B in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.