Valero Energy Corporation (VLO)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	3,632,000	4,837,000	7,833,000	9,459,000	11,858,000	14,600,000	14,889,000	18,349,000	15,064,000	12,363,000	9,264,000	3,554,000	2,130,000	66,000	-1,248,000	32,000	-1,579,000	630,000	2,132,000	1,251,000
Revenue (ttm)	US$ in thousands	129,810,000	134,468,000	140,020,000	140,066,000	144,766,000	151,098,000	157,148,000	174,280,000	176,383,000	170,540,000	155,606,000	131,713,000	113,977,000	94,678,000	80,967,000	63,616,000	64,912,000	76,187,000	87,627,000	106,163,000
Operating profit margin		2.80%	3.60%	5.59%	6.75%	8.19%	9.66%	9.47%	10.53%	8.54%	7.25%	5.95%	2.70%	1.87%	0.07%	-1.54%	0.05%	-2.43%	0.83%	2.43%	1.18%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,632,000K ÷ $129,810,000K
= 2.80%

Valero Energy Corporation's operating profit margin has displayed fluctuations over the analyzed period, ranging from negative to positive values. The trend shows an improvement in profitability from the fourth quarter of 2021 onwards, with a steady increase in operating profit margin reaching a peak of 10.53% in the first quarter of 2023. However, there was a slight decline in the subsequent quarters, stabilizing at around 5-10% until the end of 2024. This pattern indicates a mix of challenges and successes in managing operating expenses and generating revenues during the period under review. Further analysis of the underlying factors contributing to these changes would be necessary to understand the drivers of Valero Energy Corporation's operating profit margin performance in greater detail.