# VALERO ENERGY CORP/TX (VLO) · Edgar & Edgarette company card

> Valero Energy (VLO) saw revenue fall 5.5% in FY2025 to $122.7 billion, operating margin 2.6%, in line with the 2.7% median for petroleum refining, equity 40.9% of assets, and dividend per share up 3 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1035002 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/VLO) · [JSON](https://www.pops4.com/boards/company/VLO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $122.7B |
| Revenue growth, 1 year | -5.5% |
| Revenue growth per year | 1.9% |
| Operating margin | 2.6% (prior year 2.9%) |
| Net margin | 1.9% |
| Operating cash flow | $5.8B |
| Capital spending | — |
| Free cash flow | — |
| Cash | $4.7B |
| Long-term debt | $9.7B |
| Total assets | $58.0B |
| Total equity | $23.7B |
| Equity ÷ assets | 40.9% |
| Return on equity | 9.9% |
| Dividend per share | $4.52 |
| Dividend years rising | 3 |

## Readings, computed from those figures

- Altman Z: 4.82 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±27%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $122.7B (FY2025), total debt $9.7B. Experience: revenue down 5.5% on the year, up 1.9% a year over 4 years; operating margin 2.6%, down from 2.9%. Soundness: equity 40.9% of assets, return on equity 9.9%, payout 59.8% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $81.2B and $142.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $63.4B to $178.6B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, petroleum refining): operating margin 2.6% against a 2.7% median; growth -5.5% against -5.0%.

Range logged 2026-09-24, receipt 9d05841d246b7438, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-09-18 ([filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026062625/0001628280-26-062625-index.htm))

## Recent filings

- 8-K · filed 2026-10-30 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026068387/0001628280-26-068387-index.htm)
- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026067679/0001628280-26-067679-index.htm)
- 8-K · filed 2026-10-22 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026066795/0001628280-26-066795-index.htm)
- 8-K · filed 2026-09-18 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026062625/0001628280-26-062625-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026050937/0001628280-26-050937-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1035002/000162828026050822/0001628280-26-050822-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001035002.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035002

## Cite

POPS4, Edgar & Edgarette: VALERO ENERGY CORP/TX (VLO) company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/VLO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.