Valero Energy Corporation (VLO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,770,000 | 8,835,000 | 11,528,000 | 1,288,000 | -1,107,000 |
| Revenue | US$ in thousands | 129,881,000 | 144,766,000 | 176,383,000 | 113,977,000 | 64,912,000 |
| Net profit margin | 2.13% | 6.10% | 6.54% | 1.13% | -1.71% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,770,000K ÷ $129,881,000K
= 2.13%
Valero Energy Corporation's net profit margin has shown a fluctuating trend over the past five years, starting at -1.71% in December 2020 and gradually increasing to 6.54% by December 2022. This significant improvement indicates better efficiency in generating profit relative to its revenue during those years. However, there was a slight decrease in net profit margin to 6.10% by December 2023, followed by a notable drop to 2.13% by December 2024.
The positive net profit margins in 2022 and 2023 suggest that Valero Energy Corporation was able to effectively control its expenses and optimize its revenue generation. The decline in 2024 may indicate challenges or changes in the company's operations, potentially impacting its profitability.
Overall, the company's net profit margin performance reflects a mix of strengths and areas for potential improvement that should be further analyzed in conjunction with other financial metrics for a comprehensive assessment of its financial health and operational efficiency.
Peer comparison
Dec 31, 2024