Valero Energy (VLO) Stock Analysis

November 11, 2026

This is a peer-relative look at Valero Energy (VLO): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Valero Energy (VLO)
Profile Item	VLO
Name	Valero Energy Corporation
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Refining & Marketing
Market Capitalization	96.62 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 4, 1982
Security Type	Common Stock

Price Performance

Cumulative Growth

VLO

GSPC

Valero Energy (VLO) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Valero Energy (VLO) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Valero Energy (VLO) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Total Return (1Y)	107.71%	32.08%
Total Return (3Y, Annualized)	47.89%	14.39%
Total Return (5Y, Annualized)	39.74%	15.43%

Risk Profile

Drawdown History

VLO

GSPC

Valero Energy (VLO) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Valero Energy (VLO) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Volatility (1Y, Annualized)	39.31%	41.29%
Beta (5Y)	0.60	0.66
Max Drawdown (5Y)	-41.22%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. VLO is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Sharpe Ratio (1Y)	2.63	0.67
Sortino Ratio (1Y)	4.08	1.01

Profitability

ROE (TTM)

Valero Energy (VLO) posts ROE of 46.87%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

VLO

Energy industry group

46.87%

Group distribution

Max: 53.85%
VLO: 46.87%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Largest peers

VLO: 46.87%
PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%

Where Valero Energy (VLO) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Valero Energy (VLO) keeps 8.83% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

VLO

Energy industry group

8.83%

Group distribution

Max: 56.92%
Q3: 22.92%
Median: 10.10%
VLO: 8.83%
Q1: 0.07%
Min: -27.38%

Largest peers

PBR: 24.32%
COP: 16.76%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%
VLO: 8.83%

Where Valero Energy (VLO) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Valero Energy (VLO) turns 20.47% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

VLO

Energy industry group

20.47%

Group distribution

Max: 71.31%
Q3: 33.75%
VLO: 20.47%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Largest peers

PBR: 44.68%
COP: 30.05%
TTE: 24.51%
VLO: 20.47%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%

Where Valero Energy (VLO) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
ROE (TTM)	46.87%	12.85%
ROA (TTM)	17.68%	5.49%
Net Margin (TTM)	8.83%	10.10%
Operating Margin (TTM)	20.47%	18.73%
Gross Margin (TTM)	19.52%	44.52%

Growth

Revenue Growth

Valero Energy (VLO) grew revenue -5.54%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Valero Energy (VLO): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Valero Energy (VLO) grew earnings per share -11.77%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Valero Energy (VLO): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Revenue Growth (YoY)	-5.54%	0.51%
Revenue Growth (3Y CAGR)	-11.40%	0.37%
EPS Growth (YoY)	-11.77%	-11.75%
EPS Growth (3Y CAGR)	-36.12%	-12.07%

Financial Strength

Current Ratio (MRQ)

Valero Energy (VLO) has current ratio of 1.72, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

VLO

Energy industry group

1.72

Group distribution

Max: 3.64
Q3: 2.21
VLO: 1.72
Median: 1.41
Q1: 0.88
Min: 0.24

Largest peers

VLO: 1.72
COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85

Where Valero Energy (VLO) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Valero Energy (VLO) has debt-to-equity ratio of 0.35, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

VLO

Energy industry group

0.35

Group distribution

Max: 1.75
Q3: 0.93
Median: 0.54
VLO: 0.35
Q1: 0.30
Min: 0.00

Largest peers

PBR: 0.76
TTE: 0.46
SHEL: 0.38
VLO: 0.35
COP: 0.35
CVX: 0.17
XOM: 0.13

Where Valero Energy (VLO) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Current Ratio (MRQ)	1.72	1.41
Debt / Equity (MRQ)	0.35	0.54
Net Debt / EBITDA	0.06	1.13

Dividends

Dividend Yield (TTM)

Valero Energy (VLO) has dividend yield of 1.35%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

VLO

Energy industry group

1.35%

Group distribution

Max: 8.57%
Q3: 3.58%
Median: 1.71%
VLO: 1.35%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%
VLO: 1.35%

Where Valero Energy (VLO) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Valero Energy (VLO) has payout ratio of 10.76%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

VLO

Energy industry group

10.76%

Group distribution

Max: 133.24%
Q3: 53.31%
Median: 25.24%
VLO: 10.76%
Q1: 0.00%
Min: 0.00%

Largest peers

CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
SHEL: 26.24%
VLO: 10.76%

Where Valero Energy (VLO) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
Dividend Yield (TTM)	1.35%	1.71%
Dividend Payout Ratio (TTM)	10.76%	25.24%

Valuation

P/E Ratio (TTM)

Valero Energy (VLO) trades at P/E ratio of 7.88, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

VLO

Energy industry group

7.88

Group distribution

Max: 39.54
Q3: 21.72
Median: 12.19
VLO: 7.88
Q1: 7.71
Min: 2.99

Largest peers

XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
VLO: 7.88
PBR: 4.68

Where Valero Energy (VLO) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Valero Energy (VLO) trades at 0.66 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

VLO

Energy industry group

0.66

Group distribution

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
VLO: 0.66
Min: 0.00

Largest peers

COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
VLO: 0.66
PBR: 0.22

Where Valero Energy (VLO) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Valero Energy (VLO) trades at 3.45 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

VLO

Energy industry group

3.45

Group distribution

Max: 4.21
VLO: 3.45
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

VLO: 3.45
XOM: 2.55
COP: 2.44
CVX: 2.13
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where Valero Energy (VLO) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Valero Energy (VLO) metric values compared with Energy industry-group medians
Metric	Current stock: VLO	Industry group median
P/E Ratio (TTM)	7.88	12.19
P/S Ratio (TTM)	0.66	1.69
P/B Ratio (MRQ)	3.45	1.51
Free Cash Flow Yield (TTM)	13.02%	5.94%