
Valero Energy Corporation
VLOFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
129,881
Cost of Revenue
125,121
Gross Profit
4,760
Gross Margin
3.7%
Operating Income
3,755
Operating Margin
2.9%
Net Income
2,770
Net Margin
2.1%
EPS (Basic)
$8.58
EPS (Diluted)
$8.58
EBITDA
7,028
EBITDA Margin
5.4%
2023
12/31/2023
Revenue
144,766
Cost of Revenue
131,877
Gross Profit
12,889
Gross Margin
8.9%
Operating Income
11,858
Operating Margin
8.2%
Net Income
8,835
Net Margin
6.1%
EPS (Basic)
$24.95
EPS (Diluted)
$24.95
EBITDA
14,659
EBITDA Margin
10.1%
2022
12/31/2022
Revenue
176,383
Cost of Revenue
159,632
Gross Profit
16,751
Gross Margin
9.5%
Operating Income
15,690
Operating Margin
8.9%
Net Income
11,528
Net Margin
6.5%
EPS (Basic)
$29.08
EPS (Diluted)
$29.00
EBITDA
18,342
EBITDA Margin
10.4%
2021
12/31/2021
Revenue
113,977
Cost of Revenue
110,895
Gross Profit
3,082
Gross Margin
2.7%
Operating Income
2,130
Operating Margin
1.9%
Net Income
930
Net Margin
0.8%
EPS (Basic)
$2.27
EPS (Diluted)
$2.27
EBITDA
4,551
EBITDA Margin
4.0%
2020
12/31/2020
Revenue
64,912
Cost of Revenue
65,700
Gross Profit
-788
Gross Margin
-1.2%
Operating Income
-1,579
Operating Margin
-2.4%
Net Income
-1,426
Net Margin
-2.2%
EPS (Basic)
$-3.50
EPS (Diluted)
$-3.50
EBITDA
904
EBITDA Margin
1.4%