VALERO ENERGY CORP/TX FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $122.7B |
| Gross margin | 4.4% |
| Operating income | $3.2B |
| Net income | $2.3B |
| Diluted EPS | $7.57 |
| Cash & equivalents | $4.7B |
| Total assets | $58.0B |
| Long-term debt | $8.3B |
Key takeaway
Valero reported $122.7 billion in revenue and $2.35 billion in net income for fiscal 2025, with a thin 4.4% gross margin typical of refining.
🔒 4 more takeaways in the full analysis
Beneath the surface
Total debt including finance leases ($10.6 billion) exceeds cash and equivalents ($4.69 billion) by nearly $6 billion, showing a meaningful net debt position not obvious from the long-term debt figure alone.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for VLO.
Read the full analysis free Free account · 5 full analyses included · no card required