Is ET or VLO cheaper?

On trailing earnings, ET is cheaper: ET trades at a 14.34 P/E and VLO at 17.70.

Which has grown faster, ET or VLO?

Over the past five years, ET grew revenue faster — ET at a 15.06% CAGR versus VLO at 14.68%.

Does ET or VLO pay a bigger dividend?

ET yields 6.95% and VLO yields 1.91% based on trailing dividends and the latest price.

Is ET or VLO more profitable?

ET runs the higher net margin — ET at 5.41% versus VLO at 3.33%.

Which has been the better investment, ET or VLO?

Over the past 10-year, VLO delivered the higher annualized total return — ET at 11.87% versus VLO at 21.02%. Past performance doesn't predict future results.

Energy Transfer LP (ET) vs Valero Energy Corporation (VLO)

ET and VLO are evenly matched — 8 metrics each of 16.

A side-by-side comparison of Energy Transfer LP and Valero Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Valero Energy Corporation

$72.36B

$243.68Energy

Total return — ET vs VLO

growth of $100 · last 20y

ET +232.7%VLO +347.3%VLO compounded faster

ET VLO

ET vs VLO: by the numbers

•VLO is the larger company ($72.36B vs $66.14B market cap).
•ET trades at the lower earnings multiple (14.34 vs 17.70 P/E).
•ET converts more revenue to profit (5.41% vs 3.33% net margin).
•ET grew revenue faster over the past five years (15.06% vs 14.68% CAGR).
•ET pays the higher dividend yield (6.95% vs 1.91%).

Which is better, ET or VLO?

Metric tally: ET 8 · VLO 8

It depends on what you're optimizing for:

ValueET(lower P/E)

GrowthET(faster 5Y revenue CAGR)

IncomeET(higher dividend yield)

Metrics side by side

Valuation

Metric	ET	VLO
P/E ratio	14.34●	17.70
Forward P/E	12.09	11.78●
P/S ratio	0.74	0.58●
P/B ratio	1.93●	3.04
PEG ratio	2.23●	4.03
EV / EBITDA	9.30	8.61●
FCF yield	5.50%	8.16%●

Profitability

Metric	ET	VLO
Gross margin	22.91%●	7.24%
Operating margin	11.11%●	4.61%
Net margin	5.41%●	3.33%
ROE	14.02%	17.62%●
ROIC	7.17%	7.12%

Dividends

Metric	ET	VLO
Dividend yield	6.95%●	1.91%
Payout ratio	98.16%	61.56%

Growth (annualized)

Metric	ET	VLO
Revenue CAGR (5Y)	15.06%●	14.68%
EPS CAGR (5Y)	0.25%	4.39%●
FCF CAGR (5Y)	-11.11%	67.44%●
Total return CAGR (5Y)	21.42%	28.97%●

Frequently asked

Which is better, ET or VLO?: It depends on your goal. value: ET (lower P/E); growth: ET (faster 5Y revenue CAGR); income: ET (higher dividend yield). Across all compared metrics, they are evenly matched.
Is ET or VLO cheaper?: On trailing earnings, ET is cheaper: ET trades at a 14.34 P/E and VLO at 17.70.
Which has grown faster, ET or VLO?: Over the past five years, ET grew revenue faster — ET at a 15.06% CAGR versus VLO at 14.68%.
Does ET or VLO pay a bigger dividend?: ET yields 6.95% and VLO yields 1.91% based on trailing dividends and the latest price.
Is ET or VLO more profitable?: ET runs the higher net margin — ET at 5.41% versus VLO at 3.33%.
Which has been the better investment, ET or VLO?: Over the past 10-year, VLO delivered the higher annualized total return — ET at 11.87% versus VLO at 21.02%. Past performance doesn't predict future results.

Go deeper

Full ET analysis Full VLO analysis Interactive comparison tool

Dig into the metrics

Energy Transfer LP P/E ratio Valero Energy P/E ratio Energy Transfer LP dividend yield Valero Energy dividend yield Energy Transfer LP ROE Valero Energy ROE Energy Transfer LP operating margin Valero Energy operating margin Energy Transfer LP revenue growth Valero Energy revenue growth Energy Transfer LP free cash flow Valero Energy free cash flow

Energy Transfer LP & Valero Energy appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.