Valero Energy Corporation (VLO)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	8,835,000	10,746,000	10,941,000	13,690,000	11,528,000	9,424,000	7,070,000	2,539,000	930,000	-438,000	-1,365,000	-274,000	-1,421,000	-2,000	1,071,000	430,000	2,422,000	2,314,000	2,561,000	2,794,000
Revenue (ttm)	US$ in thousands	144,216,000	150,596,000	156,657,000	173,795,000	175,838,000	169,727,000	154,779,000	130,878,000	113,188,000	94,227,000	80,668,000	63,467,000	64,912,000	76,187,000	87,627,000	106,163,000	108,324,000	109,175,000	112,775,000	114,857,000
Net profit margin		6.13%	7.14%	6.98%	7.88%	6.56%	5.55%	4.57%	1.94%	0.82%	-0.46%	-1.69%	-0.43%	-2.19%	-0.00%	1.22%	0.41%	2.24%	2.12%	2.27%	2.43%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $8,835,000K ÷ $144,216,000K
= 6.13%

The net profit margin of Valero Energy Corp. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the net profit margin was at 6.08%, which decreased from the previous quarter's 7.09%. However, it remained relatively stable compared to the margins in Q2 and Q3 2023, which were 6.94% and 7.83%, respectively.

Comparing the latest quarter to the same quarter in the previous year, there is an improvement in performance as the net profit margin in Q4 2023 (6.08%) was higher than in Q4 2022 (6.51%). This indicates enhanced profitability on a year-over-year basis.

It is worth noting that the net profit margin experienced a significant increase from Q1 2022 (1.92%) to Q2 2022 (4.53%), followed by continuous growth until Q3 2023. This suggests that the company has been able to effectively manage costs and generate higher profits over time.

Overall, while there have been fluctuations in the net profit margin of Valero Energy Corp., the company has demonstrated the ability to maintain a relatively healthy level of profitability and has shown improvement compared to the previous year.