VALERO ENERGY CORP/TX (VLO) Return on equity 2016–2025
VALERO ENERGY CORP/TX (VLO) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
9.9%FY2025 · since FY2016: 11.4% → 9.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 9.9% | -1.4 pp |
| FY2024 | 11.3% | -22.2 pp |
| FY2023 | 33.5% | -15.4 pp |
| FY2022 | 48.9% | +43.9 pp |
| FY2021 | 5.0% | +12.6 pp |
| FY2020 | -7.6% | -18.7 pp |
| FY2019 | 11.1% | -3.3 pp |
| FY2018 | 14.4% | -4.1 pp |
| FY2017 | 18.5% | +7.1 pp |
| FY2016 | 11.4% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice