Valero Energy (VLO) ROIC: History & Chart

Name: Valero Energy Corporation (VLO) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Valero Energy Corporation(VLO)

Oil & Gas Refining & Marketing · San Antonio, TX

$382.85+0.00 (+0.00%)

Delayed quote: Sep 8, 2026, 4:00 PM EDT

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About Valero Energy Corporation

Valero Energy Corporation functions as a global producer and marketer of transportation fuels and petrochemicals, with operations spanning the United States, Canada, the United Kingdom, Ireland, and other international territories. The company organizes its business across three primary divisions: Refining, Renewable Diesel, and Ethanol. Its Refining segment generates a wide array of products, including various types of gasoline (conventional, premium, reformulated, and California Air Resources Board-compliant), diverse diesel fuels (low-sulfur, ultra-low-sulfur, and CARB diesel), jet fuels, blendstocks, asphalts, petrochemicals, and lubricants. This division also handles the sale of lube oils and natural gas liquids. As of the end of 2021, Valero managed 15 petroleum refineries, boasting a combined daily processing capacity of approximately 3.2 million barrels of crude oil. The Ethanol division comprises 12 plants, capable of producing around 1.6 billion gallons of ethanol annually. These facilities also yield co-products such as dry distiller grains, syrup, and inedible corn oil, which are largely supplied to animal feed markets. Valero distributes its refined goods through wholesale rack and bulk channels, in addition to approximately 7,000 branded retail stations operating under names like Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco. Furthermore, Valero contributes to renewable energy production by owning and operating a facility dedicated to converting animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. Supporting its extensive operations, the company maintains a comprehensive logistics network that includes crude oil and refined product pipelines, storage terminals, tanks, marine docks, and truck rack bays. Originally established in 1980 as Valero Refining and Marketing Company, the firm adopted its current name, Valero Energy Corporation, in August 1997. Its corporate headquarters are situated in San Antonio, Texas.

San Antonio, TX

9,785 employees

www.valero.com

Energy / Oil & Gas Refining & Marketing

Sector: Energy
Industry: Oil & Gas Refining & Marketing
CEO: R. Lane Riggs

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VLO Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

16.52%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

7.35%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

11.64%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

12.43%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

8.08%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

8.00%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

8.46%

CURRENT VS TTM AVG

+124.72%

CURRENT VS 3Y AVG

+41.94%

CURRENT VS 5Y AVG

+32.85%

CURRENT VS 10Y AVG

+104.36%

CURRENT VS 15Y AVG

+106.42%

CURRENT VS 20Y AVG

+95.38%

SECTOR MEDIAN · ENERGY

8.77%

median of 49 covered companies

CURRENT VS SECTOR MEDIAN

+88.36%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Valero Energy Corporation (VLO)	$110.23B	16.52%	7.35%	11.64%	12.43%
Canadian Natural Resources Limited (CNQ)vs ›	$106.16B	13.86%	12.12%	13.45%	10.71%
Marathon Petroleum Corporation (MPC)vs ›	$116.12B	14.33%	7.20%	12.52%	6.48%
Phillips 66 (PSX)vs ›	$103.90B	12.71%	3.97%	7.78%	4.95%
The Williams Companies, Inc. (WMB)vs ›	$92.75B	6.64%	5.63%	5.90%	5.28%
Slb N.V. (SLB)vs ›	$84.74B	9.15%	12.04%	11.73%	9.83%
Enterprise Products Partners L.P. (EPD)vs ›	$84.01B	11.34%	10.90%	11.31%	10.78%
Suncor Energy Inc. (SU)vs ›	$80.16B	14.57%	14.70%	16.95%	14.20%
Eni S.p.A. (E)vs ›	$79.59B	1.92%	3.40%	5.69%	5.08%
EOG Resources, Inc. (EOG)vs ›	$77.42B	16.57%	14.05%	17.01%	13.41%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Valero Energy Corporation (VLO)

$110.23B

16.52%

7.35%

11.64%

12.43%

Canadian Natural Resources Limited (CNQ)vs ›

$106.16B

13.86%

12.12%

13.45%

10.71%

Marathon Petroleum Corporation (MPC)vs ›

$116.12B

14.33%

7.20%

12.52%

6.48%

Phillips 66 (PSX)vs ›

$103.90B

12.71%

3.97%

7.78%

4.95%

The Williams Companies, Inc. (WMB)vs ›

$92.75B

6.64%

5.63%

5.90%

5.28%

Slb N.V. (SLB)vs ›

$84.74B

9.15%

12.04%

11.73%

9.83%

Enterprise Products Partners L.P. (EPD)vs ›

$84.01B

11.34%

10.90%

11.31%

10.78%

Suncor Energy Inc. (SU)vs ›

$80.16B

14.57%

14.70%

16.95%

14.20%

Eni S.p.A. (E)vs ›

$79.59B

1.92%

3.40%

5.69%

5.08%

EOG Resources, Inc. (EOG)vs ›

$77.42B

16.57%

14.05%

17.01%

13.41%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The return on invested capital (ROIC) for VLO stock is 16.52%.

Is Valero Energy Corporation's return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 16.52% is 33% above its 5-year average of 12.43%, around the middle of its 5-year range (-2.95%–30.91%).

What is the TTM average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The TTM average return on invested capital (ROIC) for VLO stock is 7.35%.

What is the 3Y average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The 3Y average return on invested capital (ROIC) for VLO stock is 11.64%.

What is the 5Y average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The 5Y average return on invested capital (ROIC) for VLO stock is 12.43%.

What is the 10Y average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The 10Y average return on invested capital (ROIC) for VLO stock is 8.08%.

What is the 15Y average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The 15Y average return on invested capital (ROIC) for VLO stock is 8.00%.

What is the 20Y average return on invested capital (ROIC) for Valero Energy Corporation (VLO)?

The 20Y average return on invested capital (ROIC) for VLO stock is 8.46%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	16.52%
2026-03-31	9.55%
2025-12-31	5.30%
2025-09-30	3.47%
2025-06-30	1.92%
2025-03-31	2.46%
2024-12-31	6.72%
2024-09-30	8.45%
2024-06-30	13.33%
2024-03-31	15.62%
2023-12-31	19.34%
2023-09-30	24.01%
2023-06-30	24.60%
2023-03-31	30.91%
2022-12-31	27.28%
2022-09-30	23.84%
2022-06-30	18.25%
2022-03-31	8.12%
2021-12-31	4.20%
2021-09-30	0.16%
2021-06-30	-2.95%
2021-03-31	0.08%
2020-12-31	-3.65%
2020-09-30	1.42%
2020-06-30	4.42%
2020-03-31	3.01%
2019-12-31	7.44%
2019-09-30	6.96%
2019-06-30	7.47%
2019-03-31	8.00%
2018-12-31	9.13%
2018-09-30	10.42%
2018-06-30	10.74%
2018-03-31	12.34%
2017-12-31	9.18%
2017-09-30	6.31%
2017-06-30	5.90%
2017-03-31	6.61%
2016-12-31	7.15%
2016-09-30	6.88%
2016-06-30	9.04%
2016-03-31	10.44%
2015-12-31	11.71%
2015-09-30	13.78%
2015-06-30	12.84%
2015-03-31	11.10%
2014-12-31	11.09%
2014-09-30	10.83%
2014-06-30	8.87%
2014-03-31	8.34%
2013-12-31	7.88%
2013-09-30	8.00%
2013-06-30	9.14%
2013-03-31	10.06%
2012-12-31	6.79%
2012-09-30	4.44%
2012-06-30	5.92%
2012-03-31	5.72%
2011-12-31	7.47%
2011-09-30	7.97%
2011-06-30	5.15%
2011-03-31	4.60%
2010-12-31	3.90%
2010-09-30	4.08%
2010-06-30	1.21%
2010-03-31	-2.06%
2009-12-31	-0.21%
2009-09-30	-11.65%
2009-06-30	-2.92%
2009-03-31	1.10%
2008-12-31	1.09%
2008-09-30	8.98%
2008-06-30	8.23%
2008-03-31	12.73%
2007-12-31	15.23%
2007-09-30	16.20%
2007-06-30	18.84%
2007-03-31	19.16%
2006-12-31	18.17%
2006-09-30	19.73%
2006-06-30	18.23%
2006-03-31	15.52%
2005-12-31	14.45%
2005-09-30	11.64%
2005-06-30	15.59%
2005-03-31	14.95%
2004-12-31	12.99%
2004-09-30	10.61%
2004-06-30	9.34%
2004-03-31	5.92%
2003-12-31	6.11%
2003-09-30	6.20%
2003-06-30	5.21%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

16.52%

2026-03-31

9.55%

2025-12-31

5.30%

2025-09-30

3.47%

2025-06-30

1.92%

2025-03-31

2.46%

2024-12-31

6.72%

2024-09-30

8.45%

2024-06-30

13.33%

2024-03-31

15.62%

2023-12-31

19.34%

2023-09-30

24.01%

2023-06-30

24.60%

2023-03-31

30.91%

2022-12-31

27.28%

2022-09-30

23.84%

2022-06-30

18.25%

2022-03-31

8.12%

2021-12-31

4.20%

2021-09-30

0.16%

2021-06-30

-2.95%

2021-03-31

0.08%

2020-12-31

-3.65%

2020-09-30

1.42%

2020-06-30

4.42%

2020-03-31

3.01%

2019-12-31

7.44%

2019-09-30

6.96%

2019-06-30

7.47%

2019-03-31

8.00%

2018-12-31

9.13%

2018-09-30

10.42%

2018-06-30

10.74%

2018-03-31

12.34%

2017-12-31

9.18%

2017-09-30

6.31%

2017-06-30

5.90%

2017-03-31

6.61%

2016-12-31

7.15%

2016-09-30

6.88%

2016-06-30

9.04%

2016-03-31

10.44%

2015-12-31

11.71%

2015-09-30

13.78%

2015-06-30

12.84%

2015-03-31

11.10%

2014-12-31

11.09%

2014-09-30

10.83%

2014-06-30

8.87%

2014-03-31

8.34%

2013-12-31

7.88%

2013-09-30

8.00%

2013-06-30

9.14%

2013-03-31

10.06%

2012-12-31

6.79%

2012-09-30

4.44%

2012-06-30

5.92%

2012-03-31

5.72%

2011-12-31

7.47%

2011-09-30

7.97%

2011-06-30

5.15%

2011-03-31

4.60%

2010-12-31

3.90%

2010-09-30

4.08%

2010-06-30

1.21%

2010-03-31

-2.06%

2009-12-31

-0.21%

2009-09-30

-11.65%

2009-06-30

-2.92%

2009-03-31

1.10%

2008-12-31

1.09%

2008-09-30

8.98%

2008-06-30

8.23%

2008-03-31

12.73%

2007-12-31

15.23%

2007-09-30

16.20%

2007-06-30

18.84%

2007-03-31

19.16%

2006-12-31

18.17%

2006-09-30

19.73%

2006-06-30

18.23%

2006-03-31

15.52%

2005-12-31

14.45%

2005-09-30

11.64%

2005-06-30

15.59%

2005-03-31

14.95%

2004-12-31

12.99%

2004-09-30

10.61%

2004-06-30

9.34%

2004-03-31

5.92%

2003-12-31

6.11%

2003-09-30

6.20%

2003-06-30

5.21%

Return on Invested Capital (ROIC): 16.52%

VLO Return on Invested Capital (ROIC)

VLO Average Return on Invested Capital (ROIC) Chart

VLO Current vs Average Return on Invested Capital (ROIC) Chart

VLO Return on Invested Capital (ROIC) Metrics

VLO Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

VLO Return on Invested Capital (ROIC) History

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