To the full analysis
Valero Energy stock: growth
VLOValero Energy reported $122.69B in revenue for fiscal 2025, down 5.5% on the prior year, up 13.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
1.5%
per year from 2006 to 2025, per share 5.2%
Earnings (Annual rate)
−4.3%
per year from 2006 to 2025, per share −0.9%
Free cash flow (Annual rate)
2.5%
per year from 2006 to 2025, per share 6.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 13.6% | 3.4% | 1.5% |
| Revenue per share | 20.0% | 8.4% | 5.2% |
| Earnings | no data | −5.2% | −4.3% |
| Earnings per share | no data | −0.6% | −0.9% |
| Free cash flow | no data | 2.3% | 2.5% |
| Free cash flow per share | no data | 7.3% | 6.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $91.83B | $5.46B | $3.13B |
| 2007 | $95.33B | $5.23B | $3B |
| 2008 | $119.11B | −$1.13B | $202M |
| 2009 | $68.14B | −$1.98B | −$504M |
| 2010 | $82.23B | $324M | $1.32B |
| 2011 | $125.99B | $2.09B | $1.68B |
| 2012 | $139.25B | $2.08B | $2.34B |
| 2013 | $138.07B | $2.72B | $3.44B |
| 2014 | $130.84B | $3.63B | $2.09B |
| 2015 | $87.8B | $3.99B | $3.99B |
| 2016 | $75.66B | $2.29B | $3.54B |
| 2017 | $93.98B | $4.07B | $4.1B |
| 2018 | $117.03B | $3.12B | $2.3B |
| 2019 | $108.32B | $2.42B | −$1.68B |
| 2020 | $64.91B | −$1.43B | −$840M |
| 2021 | $113.98B | $930M | $4.19B |
| 2022 | $176.38B | $11.53B | $10.89B |
| 2023 | $144.77B | $8.84B | $8.32B |
| 2024 | $129.88B | $2.77B | $5.78B |
| 2025 | $122.69B | $2.35B | $5.03B |
Revenue by segment
How Valero Energy Corporation makes its money and how that has shifted. Names are as the company reports them.
- Refining95%
- Ethanol4%
- Renewable Diesel4%
Figures as a table
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|
| Refining | $60.84B | $106.95B | $168.15B | $136.49B | $123.86B | $116.17B | 94.7% |
| Ethanol | $3.02B | $5.16B | $4.75B | $5.56B | $4.49B | $4.98B | 4.1% |
| Renewable Diesel | $1.06B | $1.87B | $3.48B | $6.99B | $5.07B | $4.75B | 3.9% |
| Total revenue | $64.91B | $113.98B | $176.38B | $144.77B | $129.88B | $122.69B | 100% |
Revenue by region
Where Valero Energy Corporation generates its revenue.
- United States72%
- United Kingdom And Ireland13%
- Canada7%
- Other9%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| United States | $104.21B | $93.31B | $87.82B | 71.6% |
| United Kingdom And Ireland | $16.15B | $15.24B | $15.83B | 12.9% |
| Canada | $10.11B | $8.58B | $8.14B | 6.6% |
| Other | $14.3B | $12.76B | $10.9B | 8.9% |
| Total revenue | $144.77B | $129.88B | $122.69B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 26 Jun 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.