Analysis for VLO
- 📈 Growth — 18/30
- 💰 Profitability — 12/20
- 🏦 Financial Health — 16/20
- 💵 Valuation — 12/20
- ⚠️ Risk — 7/10
Summary:
📈 Growth & Financial Trajectory
Revenues remained around $31-34B per quarter, ending at $30.37B in 2025 Q4; Net income rose from roughly $0.36B in early 2024 to about $1.17B in 2025 Q4, with a notable lift in late 2025. The 8-quarter trend shows volatility but an improving profitability trajectory toward the period's end.
💰 Margins & Cash Flow
Gross margin around ~5% and operating margin near 4%, with quarterly variance tied to refining spreads. Net cash flow from operating activities generally ranges around $1-2B per quarter; investing cash flow runs around -$0.4 to -$0.6B, yielding modest negative free cash flow in several quarters.
🛡️ Balance Sheet & Liquidity
Total assets near $60B; current assets around $23-25B and current liabilities around $14-16B, implying a healthy current ratio of roughly 1.5-1.7. Long-term debt around $8-8.5B and equity of $24-28B provide a sturdy balance sheet.
⚠️ Key Drivers & Risks
- Drivers: Refining margins and seasonal demand; feedstock costs and energy demand sensitivity.
- Risks: Sector cyclicality and commodity price volatility; regulatory and margin compression risk.