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Valero Energy USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Oil refining

Geography: United States

COMM_VLO

Price chart

258.67 USDDay 1.20%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
258.67 USD · 1.20%
Market cap
79.9 bn USD

Growth

Δ revenue y/y
7.0%
Δ EBITDA y/y
—

Multiples

P/E (LTM)
19.0x
3y avg: 13.2x
P/B (FY)
3.4x
P/E (ann.)
15.8x
EV/EBITDA (LTM)
9.4x
3y avg: 6.5x
EV/EBITDA (ann.)
8.3x

Cash return

Dividend yield
1.8%
FCF yield (LTM)
5.0%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)
+34.5%
↓ details

Liquidity

Daily turnover (listing)
569.7 mln USD

Shares: yahoo_fundamentals_timeseries/VLO

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 2 / Warn: 4 / Err: 10 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1⚠Warn 2
2023-06-30 Q2⚠Warn 2
2023-09-30 Q3✗Errors 1Warn 3
2023-12-31 FY⚠Warn 2
2023-12-31 Q4⚠Warn 1
2024-03-31 Q1✗Errors 1Warn 1
2024-06-30 Q2✗Errors 1Warn 1
2024-09-30 Q3✗Errors 1Warn 1
2024-12-31 FY✗Errors 1Warn 1
2024-12-31 Q4✓OK
2025-03-31 Q1✗Errors 6Warn 3
2025-06-30 Q2✗Errors 1Warn 1
2025-09-30 Q3✗Errors 1Warn 1
2025-12-31 FY✗Errors 1Warn 1
2025-12-31 Q4✓OK
2026-03-31 Q1✗Errors 4Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK32.4
y/y 7.0%
1.7
y/y —
0.8
y/y 21.6%
2.6
y/y —
1.3
y/y —
1.4-0.462.1
y/y 5.0%
23.9
y/y 1.6%
21.2%5.8Link
2025-12-31Q4 2025 (3M)OK30.4
y/y -1.2%
1.6
y/y 352.6%
0.8
y/y 17.0%
2.4
y/y 128.7%
1.1
y/y 303.6%
2.1-0.458.0
y/y -3.6%
23.7
y/y -3.2%
9.9%6.3Link
2025-09-30Q3 2025 (3M)OK32.2
y/y -2.2%
1.5
y/y 197.6%
0.8
y/y 22.0%
2.3
y/y 96.7%
1.1
y/y 200.8%
1.9-0.458.6
y/y -2.9%
23.8
y/y -5.9%
6.1%5.8Link
2025-06-30Q2 2025 (3M)OK29.9
y/y -13.3%
1.0
y/y -18.3%
0.8
y/y 17.0%
1.8
y/y -5.5%
0.7
y/y -18.9%
0.9-0.459.4
y/y -6.6%
24.1
y/y -5.4%
12.0%6.1Link
2025-03-31Q1 2025 (3M)OK30.3
y/y -4.7%
-0.9
y/y -153.6%
0.7
y/y -0.6%
-0.2
y/y -108.8%
-0.6
y/y -147.8%
1.0-0.759.2
y/y -5.4%
23.5
y/y -9.9%
-9.9%6.2Link
2024-12-31Q4 2024 (3M)OK30.8
y/y -13.2%
0.3
y/y -77.6%
0.7
y/y 6245.5%
1.0
y/y -33.1%
0.3
y/y -76.6%
1.1-0.560.1
y/y -4.6%
24.5
y/y -7.0%
11.1%6.2Link
2024-09-30Q3 2024 (3M)OK32.9
y/y -14.4%
0.5
y/y -85.5%
0.7
y/y 6127.3%
1.2
y/y -66.1%
0.4
y/y -86.1%
1.3-0.460.4
y/y -4.4%
25.3
y/y -2.8%
1.9%5.6Link
2024-06-30Q2 2024 (3M)OK34.5
y/y -0.1%
1.2
y/y -55.7%
0.7
y/y 6227.3%
1.9
y/y -30.8%
0.9
y/y -54.7%
2.5-0.463.6
y/y 4.9%
25.4
y/y -1.6%
13.7%5.5Link
2024-03-31Q1 2024 (3M)OK31.8
y/y -12.8%
1.7
y/y -58.5%
0.7
y/y 6850.0%
2.4
y/y -41.4%
1.2
y/y -59.4%
1.8-0.762.6
y/y 4.0%
26.1
y/y 4.3%
19.0%6.0Link
2023-12-31Q4 2023 (3M)OK35.4
y/y —
1.6
y/y —
0.0
y/y —
1.6
y/y —
1.2
y/y —
1.2-0.563.1
y/y —
26.3
y/y —
33.8%6.5Link
2023-09-30Q3 2023 (3M)OK38.4
y/y —
3.5
y/y —
0.0
y/y —
3.5
y/y —
2.6
y/y —
3.3-0.363.2
y/y —
26.0
y/y —
13.5%5.6Link
2023-06-30Q2 2023 (3M)OK34.5
y/y —
2.8
y/y —
0.0
y/y —
2.8
y/y —
1.9
y/y —
1.5-0.560.7
y/y —
25.9
y/y —
30.6%6.2Link
2023-03-31Q1 2023 (3M)OK36.4
y/y —
4.0
y/y —
0.0
y/y —
4.1
y/y —
3.1
y/y —
3.2-0.560.2
y/y —
25.0
y/y —
—5.9Link
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-10 000010 00020 00030 00040 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-200%-100%0%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

05001 0001 5002 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

05 00010 00015 00020 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — US Crack Spread (oil refining)

Current 49spot vs LTM +101%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +34.5%

Main driver: US Crack Spread (oil refining) +101% vs LTM; revenue ×2.01 vs costs ×1.96; EBITDA 9 119→13 450; at 8.2× EV/EBITDA → +35%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
US Crack Spread (oil refining) (rev)+100%48.5524.1226.46+101%+10%
US Crack Spread (oil refining) (cost)-95%48.5524.1226.46+101%+10%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue124 810
LTM EBITDA9 119
LTM cash costs (revenue − EBITDA)115 691
2 · Revenue projection
Revenue multiplier — spot×2.013 (+101%)
= Spot revenue251 235
Revenue multiplier — 3y price×1.097 (+10%)
= 3-year-price revenue136 907
3 · Costs projection
Cost multiplier — spot×1.965 (+96%)
= Spot cash costs227 285
Cost multiplier — 3y price×1.094 (+9%)
= 3-year-price cash costs126 577
4 · EBITDA projection (revenue − costs)
= Spot EBITDA18 860
= 3-year-price EBITDA8 040
Conservative EBITDA = min(spot, avg)13 450
5 · Valuation → target market cap
Historical EV/EBITDA (3-yr average)8.2x
Target EV = EV/EBITDA × conservative EBITDA110 475
Net debt5 758
Target market cap = EV − net debt104 717
Current market cap77 847

Upside = target market cap ÷ current − 1 = +34.5%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q234 50935 501-2.8%2 7703 461-20.0%
2023 Q338 40439 642-3.1%3 5143 887-9.6%
2023 Q435 41424 697+43.4%2 2321 863+19.8%
2024 Q131 75931 665+0.3%2 3742 503-5.1%
2024 Q234 49031 438+9.7%1 9172 239-14.4%
2024 Q332 87628 822+14.1%1 1921 739-31.5%
2024 Q430 75627 579+11.5%1 0461 258-16.9%
2025 Q130 25828 561+5.9%-2091 213-117.2%
2025 Q229 88934 985-14.6%1 8111 176+54.0%
2025 Q332 16835 705-9.9%2 3451 300+80.4%
2025 Q430 37230 312+0.2%2 3921 171+104.2%
2026 Q132 38128 264+14.6%2 5711 311+96.2%

EV/EBITDA — daily history

Current 9.2x · 3-year average 8.2x

EV/EBITDA3-year average

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-211.2 USDEx-dividend: 1.2 USD per sharePaidYahoo Finance (ex-div)
2026-02-051.2 USDEx-dividend: 1.2 USD per sharePaidYahoo Finance (ex-div)
2025-11-201.13 USDEx-dividend: 1.13 USD per sharePaidYahoo Finance (ex-div)
2025-07-311.13 USDEx-dividend: 1.13 USD per sharePaidYahoo Finance (ex-div)
2025-05-201.13 USDEx-dividend: 1.13 USD per sharePaidYahoo Finance (ex-div)
2025-01-301.13 USDEx-dividend: 1.13 USD per sharePaidYahoo Finance (ex-div)
2024-11-201.07 USDEx-dividend: 1.07 USD per sharePaidYahoo Finance (ex-div)
2024-08-011.07 USDEx-dividend: 1.07 USD per sharePaidYahoo Finance (ex-div)
2024-05-301.07 USDEx-dividend: 1.07 USD per sharePaidYahoo Finance (ex-div)
2024-01-311.07 USDEx-dividend: 1.07 USD per sharePaidYahoo Finance (ex-div)
2023-11-161.02 USDEx-dividend: 1.02 USD per sharePaidYahoo Finance (ex-div)
2023-08-021.02 USDEx-dividend: 1.02 USD per sharePaidYahoo Finance (ex-div)
2023-05-221.02 USDEx-dividend: 1.02 USD per sharePaidYahoo Finance (ex-div)
2023-02-131.02 USDEx-dividend: 1.02 USD per sharePaidYahoo Finance (ex-div)
2022-11-160.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)
2022-08-030.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)
2022-05-110.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)
2022-02-020.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)
2021-11-170.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)
2021-08-040.98 USDEx-dividend: 0.98 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)