--- title: "Valero Energy: Metrics Guide" description: "Valero Energy revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/valero-energy/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Valero Energy: Financial & Operating Metrics Guide ## Direct Answer Valero Energy reported revenue of $123 billion for the fiscal year ended December 31, 2025, with an operating margin of 2.6% and net income of $2.3 billion, according to its SEC filings. Revenue fell 5.5% from the prior year. ## What Are Valero Energy's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $123 billion | $130 billion | $145 billion | $176 billion | | Operating income | $3.2 billion | $3.8 billion | $11.9 billion | $15.7 billion | | Operating margin | 2.6% | 2.9% | 8.2% | 8.9% | | Net income | $2.3 billion | $2.8 billion | $8.8 billion | $11.5 billion | | Net margin | 1.9% | 2.1% | 6.1% | 6.5% | | Operating cash flow | $5.8 billion | $6.7 billion | $9.2 billion | $12.6 billion | | Capital expenditures | Not reported | $2.1 billion | $1.9 billion | $2.7 billion | | Free cash flow | Not reported | $4.6 billion | $7.3 billion | $9.8 billion | Operating margin held roughly steady between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. ![Bar chart of Valero Energy revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $123 billion, operating income $3.2 billion and net income $2.3 billion.](https://www.getswoopr.com/images/charts/valero-energy-metrics-revenue-profit.webp) *Valero Energy revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Valero Energy operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 2.6% and net margin was 1.9%.](https://www.getswoopr.com/images/charts/valero-energy-metrics-margins.webp) *Valero Energy operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Valero Energy operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $5.8 billion, capital expenditures was not reported, free cash flow was not reported.](https://www.getswoopr.com/images/charts/valero-energy-metrics-cash-flow.webp) *Valero Energy operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Valero Energy's Balance Sheet Show? | Cash and cash equivalents | $4.7 billion | | --- | --- | | Long-term debt | $8.3 billion | | Total assets | $58.0 billion | | Total liabilities | Not reported | | Shareholders' equity | $23.7 billion | | Current ratio | 1.6x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Valero Energy reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-011499 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Valero Energy's revenue in fiscal 2025? Valero Energy reported revenue of $123 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Valero Energy's operating margin? Valero Energy's operating margin was 2.6% in fiscal 2025: operating income of $3.2 billion on revenue of $123 billion. ### How much free cash flow did Valero Energy generate? Valero Energy did not report both operating cash flow and capital expenditures under the standard tags for fiscal 2025, so free cash flow is not computed here. ## References - [SEC EDGAR: VALERO ENERGY CORP/TX Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/1035002/000162828026011499/vlo-20251231.htm) - [SEC EDGAR: VALERO ENERGY CORP/TX annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035002&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Valero Energy company dossier](https://www.getswoopr.com/stocks/companies/valero-energy/) - [Valero Energy financial metrics](https://www.getswoopr.com/stocks/companies/valero-energy/metrics/) - [Valero Energy financial risk indicators](https://www.getswoopr.com/stocks/companies/valero-energy/risks/) - [Valero Energy peer comparison](https://www.getswoopr.com/stocks/companies/valero-energy/competitors/) - [Valero Energy business model and revenue mix](https://www.getswoopr.com/stocks/companies/valero-energy/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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