Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.7B | $94.0B | $117B | $108B | $64.9B | $114B | $176B | $145B | $130B | $123B |
| Revenue growth | — | 24.2% | 24.5% | -7.4% | -40.1% | 75.6% | 54.8% | -17.9% | -10.3% | -5.5% |
| Operating income | $3.53B | $3.56B | $4.57B | $3.84B | -$1.58B | $2.13B | $15.7B | $11.9B | $3.75B | $3.18B |
| Operating margin | 4.7% | 3.8% | 3.9% | 3.5% | -2.4% | 1.9% | 8.9% | 8.2% | 2.9% | 2.6% |
| Net income | $2.29B | $4.07B | $3.12B | $2.42B | -$1.42B | $930M | $11.5B | $8.84B | $2.77B | $2.35B |
| Net margin | 3.0% | 4.3% | 2.7% | 2.2% | -2.2% | 0.8% | 6.5% | 6.1% | 2.1% | 1.9% |
| EPS (diluted) | $4.94 | $9.16 | $7.29 | $5.84 | -$3.50 | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.82B | $5.48B | $4.37B | $5.53B | $948M | $5.86B | $12.6B | $9.23B | $6.68B | $5.83B |
| Capital expenditures | $2.00B | $1.95B | $3.38B | $2.85B | $2.44B | $2.46B | $2.74B | $1.92B | $2.06B | — |
| Free cash flow | $2.82B | $3.53B | $995M | $2.69B | -$1.49B | $3.40B | $9.84B | $7.31B | $4.63B | — |
| Share buybacks | $1.34B | $1.37B | $1.71B | $777M | $156M | $27.0M | $4.58B | $5.14B | $2.88B | $2.60B |
| Dividends paid | $1.11B | $1.24B | $1.37B | $1.49B | $1.60B | $1.60B | $1.56B | $1.45B | $1.38B | $1.41B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.82B | $5.85B | $2.98B | $2.58B | $3.31B | $4.12B | $4.86B | $5.42B | $4.66B | $4.69B |
| Total assets | $46.2B | $50.2B | $50.2B | $53.9B | $51.8B | $57.9B | $61.0B | $63.1B | $60.1B | $58.0B |
| Long-term debt | $7.93B | $8.31B | $8.50B | $8.88B | $13.0B | $11.9B | $9.24B | $9.22B | $8.09B | $8.26B |
| Shareholders' equity | $20.0B | $22.0B | $21.7B | $21.8B | $18.8B | $18.4B | $23.6B | $26.3B | $24.5B | $23.7B |
| Retained earnings | $26.4B | $29.2B | $31.0B | $32.0B | $29.0B | $28.3B | $38.2B | $45.6B | $47.0B | $48.0B |
| Shares (wtd avg diluted) | 464M | 444M | 428M | 414M | 407M | 407M | 396M | 353M | 322M | 309M |
Every figure is extracted from VALERO ENERGY CORP/TX’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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