Valero Energy Corporation (VLO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,858,000 | 14,600,000 | 14,889,000 | 18,349,000 | 15,690,000 | 12,989,000 | 9,890,000 | 4,180,000 | 2,130,000 | 66,000 | -1,248,000 | 32,000 | -1,579,000 | 630,000 | 2,132,000 | 1,251,000 | 3,836,000 | 3,396,000 | 3,734,000 | 4,079,000 |
| 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 |
| Operating profit margin | 8.22% | 9.69% | 9.50% | 10.56% | 8.92% | 7.65% | 6.39% | 3.19% | 1.88% | 0.07% | -1.55% | 0.05% | -2.43% | 0.83% | 2.43% | 1.18% | 3.54% | 3.11% | 3.31% | 3.55% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $11,858,000K ÷ $144,216,000K
= 8.22%
The operating profit margin of Valero Energy Corp. has exhibited fluctuating trends over the past eight quarters. The company's performance has ranged from a low of 3.17% in Q1 2022 to a peak of 10.56% in Q1 2023, with varying levels in between.
Despite the volatility in the operating profit margin, there seems to be a general upward trend over the past two years, with Q4 2023 showing a slightly lower margin compared to the previous quarter. This indicates that Valero Energy Corp. has managed to increase its operating efficiency and profitability over the period under consideration.
It is also worth noting that although the margins have been improving, there may be potential areas for further optimization to sustain and enhance profitability in the future. A detailed analysis of the company's cost structure, revenue streams, and operational efficiency could provide valuable insights into driving continuous improvement in the operating profit margin.
Peer comparison
Dec 31, 2023
See also:
Valero Energy Corporation Operating Profit Margin (Quarterly Data)