VLO Valero Energy

XNYS Up Alert

Energy

· How we analyze

About the company

Valero Energy is an independent refinery operator from Texas. The company processes crude oil into gasoline, diesel and jet fuel and produces ethanol and renewable diesel. Its refineries are in the US, Canada and the UK. As of Oct 13, 2026

Fact sheet (from the annual report) Petroleum refining · San Antonio, USA

Valero, based in San Antonio, Texas, makes and markets petroleum-based and low-carbon liquid fuels as well as petrochemical products. The products are sold mainly in the United States, Canada, the United Kingdom, Ireland and Latin America. Its segments are called Refining, Renewable Diesel and Ethanol, and the petroleum refineries are in the United States, Canada and the United Kingdom. Renewable diesel is produced by the joint venture DGD with Darling Ingredients on the Gulf Coast, and ethanol comes from its own plants in the Mid-Continent region. Most of the volumes loaded at the terminals go through unbranded channels, and branded stations carry names such as Valero and Ultramar.

Automatically summarized from SEC annual report (10-K, filed Feb 25, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today −9.2%
  • 7 days −10.6%
  • 30 days +0.0%
  • 1 year +122.2%
Day range (last trading day)
−0.4%Price at 5% of the range+9.3%
52-week range
−58.7%Price at 75% of the range+19.2%
Distance from the all-time high
−16.1%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Gap with volume · Analysis method

This method currently detects no pattern for VLO. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

Fundamental analysis

Valero Energy · Sector Energy · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 25, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 2 of 5 met · 3 without data

  • no data: Gross margin above 40% not meaningful for energy companies
  • not met: Operating margin above 15% 2.6%
  • not met: Net margin above 10% 1.9%
  • not met: Return on equity above 15% 9.9%
  • no data: Free cash flow margin above 10% not stated in the SEC filings
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
  • met: Equity ratio above 30% 40.9%
Operating margin

2.6% Fiscal year 2025

Rank 24 of 100: higher than 24% of 192 peers (All). weak.

Rank 10 of 100: higher than 10% of 5 peers (Sector). weak.

Median Energy: 6.6%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

1.9% Fiscal year 2025

Rank 19 of 100: higher than 19% of 237 peers (All). weak.

Rank 17 of 100: higher than 17% of 9 peers (Sector). weak.

Median Energy: 6.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

9.9% Fiscal year 2025

Rank 31 of 100: higher than 31% of 218 peers (All). weak.

Rank 28 of 100: higher than 28% of 9 peers (Sector). weak.

Median Energy: 12.4%

Net income divided by equity at fiscal year end.

Return on assets

4.0% Fiscal year 2025 (total assets at year end)

Rank 38 of 100: higher than 38% of 238 peers (All). medium.

Rank 28 of 100: higher than 28% of 9 peers (Sector). weak.

Median Energy: 4.8%

Net income divided by total assets at fiscal year end.

Equity ratio

40.9% Fiscal year 2025

Rank 60 of 100: higher than 60% of 239 peers (All). medium.

Rank 50 of 100: higher than 50% of 9 peers (Sector). medium.

Median Energy: 40.9%

Equity as a share of total assets. Usually low for banks.

Growth 1 of 5 met · 2 without data

  • not met: Over 3 years, revenue grew by more than 5% per year −11.4%
  • met: Over 5 years, revenue grew by more than 5% per year +13.6%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • not met: Over 3 years, EPS grew by more than 5% per year −36.1%
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • not met: Revenue rose in at least 4 of the last 5 fiscal years 2 of 5
  • not met: Revenue rose in the last fiscal year −5.5%
Revenue growth 3 years

−11.4% per year

Rank 4 of 100: higher than 4% of 230 peers (All). weak.

Rank 6 of 100: higher than 6% of 9 peers (Sector). weak.

Median Energy: −8.2%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+13.6% per year

Rank 59 of 100: higher than 59% of 217 peers (All). medium.

Rank 39 of 100: higher than 39% of 9 peers (Sector). medium.

Median Energy: +13.7%

Average growth per year over 5 fiscal years.

EPS growth 3 years

−36.1% per year

Rank 3 of 100: higher than 3% of 157 peers (All). weak.

Rank 6 of 100: higher than 6% of 8 peers (Sector). weak.

Median Energy: −22.4%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

−0.5% per year

Rank 12 of 100: higher than 12% of 140 peers (All). weak.

Rank 10 of 100: higher than 10% of 5 peers (Sector). weak.

Median Energy: +5.7%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 6 of 6 met · 1 without data

  • met: Pays a dividend 4.52 USD
  • met: Payout ratio at most 60% of earnings 60%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +2.9%
  • no data: Free cash flow per share covers the dividend not stated in the SEC filings
  • met: Dividends paid over the last 5 years covered by free cash flow 24% of free cash flow
Payout ratio

60% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+2.9% per year

Rank 13 of 100: higher than 13% of 118 peers (All). weak.

Rank 19 of 100: higher than 19% of 8 peers (Sector). weak.

Median Energy: +5.7%

Growth of the dividend per share per year.

Financial strength 4 of 5 met · 1 without data

  • not met: Piotroski F-Score at least 7 of 9 6 of 9
  • met: Long-term debt no higher than equity 0.35
  • met: Current assets cover current liabilities 1.65
  • met: Positive equity 23.7B USD
  • met: In 5 years, share count up by at most 5% −24.1%
  • no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Piotroski F-Score

6 of 9 Fiscal year 2025

Rank 45 of 100: higher than 45% of 134 peers (All). medium.

Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.

Median Energy: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.35 at fiscal year end

Rank 68 of 100: lower than 68% of 199 peers (All). strong.

Rank 50 of 100: lower than 50% of 9 peers (Sector). medium.

Median Energy: 0.35

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.65 at fiscal year end

Rank 60 of 100: higher than 60% of 215 peers (All). medium.

Rank 94 of 100: higher than 94% of 9 peers (Sector). strong.

Median Energy: 1.26

Current assets divided by current liabilities.

Change in share count

−24.1% in 5 years

Rank 97 of 100: lower than 97% of 199 peers (All). strong.

Rank 79 of 100: lower than 79% of 7 peers (Sector). strong.

Median Energy: −5.7%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light yellow: Revenue grew over 5 years (+13.6% per year), more slowly than the sector median.
  • Light yellow: Net margin 1.9%, below the sector median (11.0%).
  • Light green: Debt not higher than usual in the sector.
  • Light yellow: Profit in 9 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 75.7B USD · Net income 2.3B USD · Net margin 3.0%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 94.0B USD · Net income 4.1B USD · Net margin 4.3%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 117.0B USD · Net income 3.1B USD · Net margin 2.7%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 108.3B USD · Net income 2.4B USD · Net margin 2.2%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 64.9B USD · Net income −1.4B USD · Net margin −2.2%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 114.0B USD · Net income 930.0M USD · Net margin 0.8%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 176.4B USD · Net income 11.5B USD · Net margin 6.5%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 144.8B USD · Net income 8.8B USD · Net margin 6.1%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 129.9B USD · Net income 2.8B USD · Net margin 2.1%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 122.7B USD · Net income 2.3B USD · Net margin 1.9%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 122.7B USD · Net income 2.3B USD · Net margin 1.9%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 2.6 USD operating income and 1.9 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue122.7B USD100.0%
Operating income3.2B USD2.6%
Cost of revenue and operating expenses119.5B USD97.4%
Net income2.3B USD1.9%
Interest expense556.0M USD0.5%
Taxes & other (net)277.0M USD0.2%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from −2.4% to 2.6%.

Operating marginNet margin
  1. Fiscal year 2016: Operating margin 4.7% · Net margin 3.0%
  2. Fiscal year 2017: Operating margin 3.8% · Net margin 4.3%
  3. Fiscal year 2018: Operating margin 3.9% · Net margin 2.7%
  4. Fiscal year 2019: Operating margin 3.5% · Net margin 2.2%
  5. Fiscal year 2020: Operating margin −2.4% · Net margin −2.2%
  6. Fiscal year 2021: Operating margin 1.9% · Net margin 0.8%
  7. Fiscal year 2022: Operating margin 8.9% · Net margin 6.5%
  8. Fiscal year 2023: Operating margin 8.2% · Net margin 6.1%
  9. Fiscal year 2024: Operating margin 2.9% · Net margin 2.1%
  10. Fiscal year 2025: Operating margin 2.6% · Net margin 1.9%

Returns

Return on equity rose in 5 years from −7.6% to 9.9%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 11.4% · Return on assets 5.0%
  2. Fiscal year 2017: Return on equity 18.5% · Return on assets 8.1%
  3. Fiscal year 2018: Return on equity 14.4% · Return on assets 6.2%
  4. Fiscal year 2019: Return on equity 11.1% · Return on assets 4.5%
  5. Fiscal year 2020: Return on equity −7.6% · Return on assets −2.7%
  6. Fiscal year 2021: Return on equity 5.0% · Return on assets 1.6%
  7. Fiscal year 2022: Return on equity 48.9% · Return on assets 18.9%
  8. Fiscal year 2023: Return on equity 33.5% · Return on assets 14.0%
  9. Fiscal year 2024: Return on equity 11.3% · Return on assets 4.6%
  10. Fiscal year 2025: Return on equity 9.9% · Return on assets 4.0%

Equity and long-term debt

The equity ratio rose in 5 years from 36.3% to 40.9%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 20.0B USD · Long-term debt 7.9B USD
  2. Fiscal year 2017: Equity 22.0B USD · Long-term debt 8.3B USD
  3. Fiscal year 2018: Equity 21.7B USD · Long-term debt 8.5B USD
  4. Fiscal year 2019: Equity 21.8B USD · Long-term debt 8.9B USD
  5. Fiscal year 2020: Equity 18.8B USD · Long-term debt 13.0B USD
  6. Fiscal year 2021: Equity 18.4B USD · Long-term debt 12.0B USD
  7. Fiscal year 2022: Equity 23.6B USD · Long-term debt 9.2B USD
  8. Fiscal year 2023: Equity 26.3B USD · Long-term debt 9.2B USD
  9. Fiscal year 2024: Equity 24.5B USD · Long-term debt 8.1B USD
  10. Fiscal year 2025: Equity 23.7B USD · Long-term debt 8.3B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 1.71 to 1.65.

Current ratio
  1. Fiscal year 2016: Current ratio 2.02
  2. Fiscal year 2017: Current ratio 1.74
  3. Fiscal year 2018: Current ratio 1.65
  4. Fiscal year 2019: Current ratio 1.44
  5. Fiscal year 2020: Current ratio 1.71
  6. Fiscal year 2021: Current ratio 1.26
  7. Fiscal year 2022: Current ratio 1.38
  8. Fiscal year 2023: Current ratio 1.56
  9. Fiscal year 2024: Current ratio 1.53
  10. Fiscal year 2025: Current ratio 1.65

Cash flow

Free cash flow rose in 5 years from 2.7B USD to 4.6B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 4.8B USD · Capital expenditure 1.3B USD · Free cash flow 3.5B USD
  2. Fiscal year 2017: Operating cash flow 5.5B USD · Capital expenditure 1.4B USD · Free cash flow 4.1B USD
  3. Fiscal year 2018: Operating cash flow 4.4B USD · Capital expenditure 3.4B USD · Free cash flow 995.0M USD
  4. Fiscal year 2019: Operating cash flow 5.5B USD · Capital expenditure 2.8B USD · Free cash flow 2.7B USD
  5. Fiscal year 2020: Operating cash flow not available · Capital expenditure 2.4B USD · Free cash flow not available
  6. Fiscal year 2021: Operating cash flow 5.9B USD · Capital expenditure 2.5B USD · Free cash flow 3.4B USD
  7. Fiscal year 2022: Operating cash flow 12.6B USD · Capital expenditure 2.7B USD · Free cash flow 9.8B USD
  8. Fiscal year 2023: Operating cash flow 9.2B USD · Capital expenditure 1.9B USD · Free cash flow 7.3B USD
  9. Fiscal year 2024: Operating cash flow 6.7B USD · Capital expenditure 2.1B USD · Free cash flow 4.6B USD
  10. Fiscal year 2025: Operating cash flow 5.8B USD · Capital expenditure not available · Free cash flow not available

Share count

The share count fell in 5 years by 24.1% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count 464.0M
  2. Fiscal year 2017: Diluted share count 444.0M
  3. Fiscal year 2018: Diluted share count 428.0M
  4. Fiscal year 2019: Diluted share count 414.0M
  5. Fiscal year 2020: Diluted share count 407.0M
  6. Fiscal year 2021: Diluted share count 407.0M
  7. Fiscal year 2022: Diluted share count 396.0M
  8. Fiscal year 2023: Diluted share count 353.0M
  9. Fiscal year 2024: Diluted share count 322.0M
  10. Fiscal year 2025: Diluted share count 309.0M

For energy companies the gross margin is not meaningful and is therefore omitted.

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
4.52 USD · Fiscal year 2025
Dividend growth per year
3 y +4.9%5 y +2.9%10 y +10.3%
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 60% of free cash flow –
To shareholders (5 years)
22.6B USD 67% through repurchases
Share count over 5 years
−24.1% fewer shares – each share is a larger stake

Dividend per share

The dividend per share rose in 5 years from 3.92 USD to 4.52 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 2.40 USD
  2. Fiscal year 2017: Dividend per share 2.80 USD
  3. Fiscal year 2018: Dividend per share 3.20 USD
  4. Fiscal year 2019: Dividend per share 3.60 USD
  5. Fiscal year 2020: Dividend per share 3.92 USD
  6. Fiscal year 2021: Dividend per share 3.92 USD
  7. Fiscal year 2022: Dividend per share 3.92 USD
  8. Fiscal year 2023: Dividend per share 4.08 USD
  9. Fiscal year 2024: Dividend per share 4.28 USD
  10. Fiscal year 2025: Dividend per share 4.52 USD

Payout ratios

The payout ratio fell in 4 years from 172.7% to 59.7%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 48.6% · Payout ratio (free cash flow) 31.4%
  2. Fiscal year 2017: Payout ratio (earnings) 30.6% · Payout ratio (free cash flow) 30.1%
  3. Fiscal year 2018: Payout ratio (earnings) 43.9% · Payout ratio (free cash flow) 137.6%
  4. Fiscal year 2019: Payout ratio (earnings) 61.6% · Payout ratio (free cash flow) 55.6%
  5. Fiscal year 2020: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  6. Fiscal year 2021: Payout ratio (earnings) 172.7% · Payout ratio (free cash flow) 47.1%
  7. Fiscal year 2022: Payout ratio (earnings) 13.5% · Payout ratio (free cash flow) 15.9%
  8. Fiscal year 2023: Payout ratio (earnings) 16.4% · Payout ratio (free cash flow) 19.9%
  9. Fiscal year 2024: Payout ratio (earnings) 49.9% · Payout ratio (free cash flow) 29.9%
  10. Fiscal year 2025: Payout ratio (earnings) 59.7% · Payout ratio (free cash flow) not available

What goes back to shareholders

Over 5 years, 22.6B USD went back to shareholders, 67% of it through share repurchases.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 1.1B USD · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 3.5B USD
  2. Fiscal year 2017: Dividends paid 1.2B USD · Share repurchases 1.4B USD · New shares issued (including employee plans) not available · Free cash flow 4.1B USD
  3. Fiscal year 2018: Dividends paid 1.4B USD · Share repurchases 1.7B USD · New shares issued (including employee plans) not available · Free cash flow 995.0M USD
  4. Fiscal year 2019: Dividends paid 1.5B USD · Share repurchases 777.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.7B USD
  5. Fiscal year 2020: Dividends paid 1.6B USD · Share repurchases 156.0M USD · New shares issued (including employee plans) not available · Free cash flow not available
  6. Fiscal year 2021: Dividends paid 1.6B USD · Share repurchases 27.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.4B USD
  7. Fiscal year 2022: Dividends paid 1.6B USD · Share repurchases 4.6B USD · New shares issued (including employee plans) not available · Free cash flow 9.8B USD
  8. Fiscal year 2023: Dividends paid 1.5B USD · Share repurchases 5.1B USD · New shares issued (including employee plans) not available · Free cash flow 7.3B USD
  9. Fiscal year 2024: Dividends paid 1.4B USD · Share repurchases 2.9B USD · New shares issued (including employee plans) not available · Free cash flow 4.6B USD
  10. Fiscal year 2025: Dividends paid 1.4B USD · Share repurchases 2.6B USD · New shares issued (including employee plans) not available · Free cash flow not available

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Valero Energy next to 8 stocks of the sector Energy we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison VLO, sector Energy; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
XOM ExxonMobil 332.2B USD +12.9%––8.7%11.1%57.8%7.1%–
BP BP (ADR) 192.5B USD +1.0%–6.6%0.0%0.1%19.0%––
CVX Chevron Corporation 189.0B USD +14.8%––6.5%6.6%57.5%8.8%5/9
MPC Marathon Petroleum 132.7B USD +13.7%–6.2%3.0%23.4%20.6%3.6%8/9
PSX Phillips 66 132.4B USD +15.6%––3.3%15.1%39.5%–7/9
VLO Valero Energy this stock 122.7B USD +13.6%–2.6%1.9%9.9%40.9%–6/9
COP ConocoPhillips 58.9B USD +25.1%––13.6%12.4%52.9%–5/9
EOG EOG Resources 22.6B USD +15.5%–28.2%22.0%16.7%57.6%42.3%–
WMB Williams Companies 12.0B USD +9.1%–35.1%21.9%20.4%21.9%8.4%–
Median of the sector 9 symbols 132.4B USD +13.7%–6.6%6.5%12.4%40.9%8.4%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 22 symbols in the Energy sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+13.6% per year, last 5 years

Sector Energy: median +14.8% (21 symbols)

What does this mean? Revenue: over 5 years it grew by 13.6% per year on average, but more slowly than the median company in the sector (+14.8%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

1.9% last fiscal year

Sector Energy: median 11.0% (21 symbols)

What does this mean? Of every 100 USD in revenue, 1.91 USD remained as profit – less than the median company in the sector (11.0%). Five years ago the margin was −2.2%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.42 latest balance sheet

Sector Energy: median 0.43 (21 symbols)

What does this mean? For every 1 USD of equity there is 0.42 USD of financial debt – no more than the median company in the sector (0.43). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

60% Dividend / earnings per share

Sector Energy: median 55% (16 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.60 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 55%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light yellow: 1 loss year

9 of 10 fiscal years with a profit

What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
122.7B USD
Revenue vs. prior year
−5.5%
Net income (FY)
2.3B USD
Net income vs. prior year
−15.2%
EPS (FY)
7.57 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
+20.0%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 25, 2026 · Balance sheet Jun 30, 2026 (filed Jul 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 122.7B2.3B 1.9% 7.57 4.52 60%
2024Dec 31, 2024 129.9B2.8B 2.1% 8.58 4.28 50%
2023Dec 31, 2023 144.8B8.8B 6.1% 24.92 4.08 16%
2022Dec 31, 2022 176.4B11.5B 6.5% 29.04 3.92 13%
2021Dec 31, 2021 114.0B930.0M 0.8% 2.27 3.92 173%
2020Dec 31, 2020 64.9B−1.4B −2.2% −3.50 3.92 –
2019Dec 31, 2019 108.3B2.4B 2.2% 5.84 3.60 62%
2018Dec 31, 2018 117.0B3.1B 2.7% 7.29 3.20 44%
2017Dec 31, 2017 94.0B4.1B 4.3% 9.16 2.80 31%
2016Dec 31, 2016 75.7B2.3B 3.0% 4.94 2.40 49%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 44.5B3.7B 8.4% 12.62 1.20 10%
Q1/26Mar 31, 2026 32.4B1.3B 3.9% 4.22 1.20 28%
Q4/25*Dec 31, 2025 30.4B1.1B 3.7% – 1.13 –
Q3/25Sep 30, 2025 32.2B1.1B 3.4% 3.53 1.13 32%
Q2/25Jun 30, 2025 29.9B714.0M 2.4% 2.28 1.13 50%
Q1/25Mar 31, 2025 30.3B−595.0M −2.0% −1.90 1.13 –
Q4/24*Dec 31, 2024 30.8B281.0M 0.9% – 1.07 –
Q3/24Sep 30, 2024 32.9B364.0M 1.1% 1.14 1.07 94%
Q2/24Jun 30, 2024 34.5B880.0M 2.6% 2.71 1.07 39%
Q1/24Mar 31, 2024 31.8B1.2B 3.9% 3.75 1.07 29%
Q4/23*Dec 31, 2023 35.4B1.2B 3.4% – 1.02 –
Q3/23Sep 30, 2023 38.4B2.6B 6.8% 7.49 1.02 14%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $00 people $0
6 months $00 people $5.7M1 person −$5.7M
12 months $00 people $9.4M2 people −$9.4M

Latest transactions

  • Jun 29, 2026 Fisher Eric A Officer Open-market sale 7,500 shares · $2.0M · SEC
  • Jun 18, 2026 Fisher Eric A Officer Open-market sale 7,500 shares · $1.8M · SEC
  • May 18, 2026 Fisher Eric A Officer Open-market sale 7,500 shares · $1.9M · SEC
  • Mar 12, 2026 Fisher Eric A Officer Open-market sale 200 shares · $47.7K · SEC
  • Mar 12, 2026 Fisher Eric A Officer Open-market sale 200 shares · $47.7K · SEC
  • Mar 11, 2026 Fisher Eric A Officer Open-market sale 8,311 shares · $1.9M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +45

Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)24.9
Rel. strength 60 d+24.7%

ATR and moving averages as price values only when logged in.

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