TTM
7.2%
YoY change
+0.71pp
Trough year (1987)
-3.8%
Peak year (1991)
26.8%
Latest annual
4.4%
Gross Margin history chart for Valero Energy (VLO) from 1985 to 2025
Latest: 4.4%
Gross Margin change chart for Valero Energy (VLO) from 1985 to 2025
Latest: +0.71pp
Gross Margin history table for Valero Energy (VLO) from 1985 to 2025
| 2025 | 4.4% | +0.71pp | ||
| 2024 | 3.7% | -5.24pp | ||
| 2023 | 8.9% | -0.59pp | ||
| 2022 | 9.5% | +6.79pp | ||
| 2021 | 2.7% | +3.92pp | ||
| 2020 | -1.2% | -5.58pp | ||
| 2019 | 4.4% | -0.37pp | ||
| 2018 | 4.7% | -0.05pp | ||
| 2017 | 4.8% | -0.96pp | ||
| 2016 | 5.7% | -2.31pp | ||
| 2015 | 8.0% | +2.99pp | ||
| 2014 | 5.1% | +1.64pp | ||
| 2013 | 3.4% | -0.69pp | ||
| 2012 | 4.1% | +0.73pp | ||
| 2011 | 3.4% | -6.08pp | ||
| 2010 | 9.5% | +5.24pp | ||
| 2009 | 4.2% | -1.77pp | ||
| 2008 | 6.0% | -4.15pp | ||
| 2007 | 10.1% | -1.37pp | ||
| 2006 | 11.5% | +2.30pp | ||
| 2005 | 9.2% | +0.63pp | ||
| 2004 | 8.6% | +1.39pp | ||
| 2003 | 7.2% | +0.32pp | ||
| 2002 | 6.9% | -1.85pp | ||
| 2001 | 8.7% | +2.47pp | ||
| 2000 | 6.2% | +2.76pp | ||
| 1999 | 3.5% | +1.73pp | ||
| 1998 | 1.7% | -3.98pp | ||
| 1997 | 5.7% | -2.71pp | ||
| 1996 | 8.4% | -4.88pp | ||
| 1995 | 13.3% | +0.89pp | ||
| 1994 | 12.4% | -0.26pp | ||
| 1993 | 12.7% | -2.08pp | ||
| 1992 | 14.8% | -12.05pp | ||
| 1991 | 26.8% | +2.52pp | ||
| 1990 | 24.3% | +13.23pp | ||
| 1989 | 11.1% | +1.66pp | ||
| 1988 | 9.4% | +13.21pp | ||
| 1987 | -3.8% | -15.95pp | ||
| 1986 | 12.1% | -0.05pp | ||
| 1985 | 12.2% | — |
- 20254.4%+0.71pp
- 20243.7%-5.24pp
- 20238.9%-0.59pp
- 20229.5%+6.79pp
- 20212.7%+3.92pp
- 2020-1.2%-5.58pp
- 20194.4%-0.37pp
- 20184.7%-0.05pp
- 20174.8%-0.96pp
- 20165.7%-2.31pp
- 20158.0%+2.99pp
- 20145.1%+1.64pp
- 20133.4%-0.69pp
- 20124.1%+0.73pp
- 20113.4%-6.08pp
- 20109.5%+5.24pp
- 20094.2%-1.77pp
- 20086.0%-4.15pp
- 200710.1%-1.37pp
- 200611.5%+2.30pp
- 20059.2%+0.63pp
- 20048.6%+1.39pp
- 20037.2%+0.32pp
- 20026.9%-1.85pp
- 20018.7%+2.47pp
- 20006.2%+2.76pp
- 19993.5%+1.73pp
- 19981.7%-3.98pp
- 19975.7%-2.71pp
- 19968.4%-4.88pp
- 199513.3%+0.89pp
- 199412.4%-0.26pp
- 199312.7%-2.08pp
- 199214.8%-12.05pp
- 199126.8%+2.52pp
- 199024.3%+13.23pp
- 198911.1%+1.66pp
- 19889.4%+13.21pp
- 1987-3.8%-15.95pp
- 198612.1%-0.05pp
- 198512.2%—
Gross Margin values are taken from Valero Energy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Valero Energy (VLO)
According to Valero Energy's latest reported financial statements, the company's latest reported gross margin is 7.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Valero Energy (VLO) most recent annual gross margin stands at 4.38% (2025) – expanded 0.7 percentage points year-over-year.
26.80% stands as the all-time-high annual gross margin, posted in 1991, against a low of -3.82% during 1987.
Valero Energy Gross Margin by Year
Valero Energy Gross Margin 2025: 4.4%
2025's gross margin for Valero Energy came in at 4.38%, expanded 0.7 percentage points from 2024.
Valero Energy Gross Margin 2024: 3.7%
Valero Energy posted gross margin of 3.66% in 2024, contracted 5.2 percentage points from 2023.
Valero Energy Gross Margin 2023: 8.9%
In 2023, Valero Energy reported gross margin of 8.90%, contracted 0.6 percentage points from 2022.
Valero Energy Gross Margin 2022: 9.5%
Valero Energy gross margin in 2022 was 9.50%, expanded 6.8 percentage points from 2021.
Valero Energy Gross Margin 2021: 2.7%
Valero Energy gross margin in 2021 was 2.70%.
See more financial history for Valero Energy (VLO).
Sector peers by Gross Margin
Energy peers of Valero Energy (VLO), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 25.4% | |
| 17.3% | |
| 8.8% | |
| 7.0% |
- 30.7%
- 29.2%
- 25.5%
- 25.4%
- 17.3%
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