Valero Income Statement Research

VLO Stock

USD 166.14 1.40 0.84%

Most accounts from Valero Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Valero Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Valero Energy Valuation and Valero Energy Correlation analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

At this time, Valero Energy's EBITDA is very stable compared to the past year. As of the 24th of April 2024, Cost Of Revenue is likely to grow to about 138.2 B, though Total Other Income Expense Net is likely to grow to (349.6 M).

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.At this time, Valero Energy's EBITDA is very stable compared to the past year. As of the 24th of April 2024, Cost Of Revenue is likely to grow to about 138.2 B, though Total Other Income Expense Net is likely to grow to (349.6 M).

	2021	2022	2023	2024 (projected)
Total Revenue	114.0B	176.4B	144.8B	152.0B
Depreciation And Amortization	16M	240M	2.7B	2.8B

Total Revenue Depreciation And Amortization

Valero Energy income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Minority Interest	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.39	0.47	0.37	0.47	0.37	0.53	0.37	0.16	0.47	-0.04	0.41	0.61	0.2	0.03	-0.39	0.67	0.47	0.18	0.27	-0.03	0.62	-0.38	0.78	0.28	0.21
Total Revenue	0.39		0.76	1.0	0.74	0.71	0.72	1.0	0.71	0.73	-0.2	0.7	0.72	0.61	0.67	-0.51	0.39	0.69	0.39	0.7	-0.27	0.52	0.09	0.23	0.11	-0.32
Gross Profit	0.47	0.76		0.71	1.0	0.99	0.99	0.71	0.62	1.0	-0.15	0.99	0.89	0.5	0.43	-0.68	0.62	0.98	0.29	0.31	-0.31	0.78	0.03	0.49	0.36	-0.36
Other Operating Expenses	0.37	1.0	0.71		0.68	0.66	0.67	1.0	0.7	0.68	-0.2	0.65	0.68	0.61	0.68	-0.47	0.35	0.64	0.39	0.73	-0.26	0.47	0.1	0.2	0.08	-0.3
Operating Income	0.47	0.74	1.0	0.68		0.99	0.99	0.68	0.6	1.0	-0.11	0.99	0.89	0.49	0.4	-0.68	0.62	0.98	0.29	0.28	-0.31	0.79	0.02	0.49	0.37	-0.35
Ebit	0.37	0.71	0.99	0.66	0.99		0.98	0.65	0.64	0.98	-0.16	0.99	0.83	0.51	0.42	-0.7	0.65	0.98	0.28	0.23	-0.31	0.75	0.08	0.48	0.36	-0.46
Ebitda	0.53	0.72	0.99	0.67	0.99	0.98		0.67	0.62	0.99	-0.16	0.98	0.88	0.5	0.38	-0.71	0.72	0.99	0.29	0.26	-0.29	0.8	0.0	0.59	0.38	-0.38
Cost Of Revenue	0.37	1.0	0.71	1.0	0.68	0.65	0.67		0.7	0.68	-0.2	0.65	0.68	0.6	0.68	-0.47	0.35	0.64	0.39	0.73	-0.26	0.47	0.1	0.19	0.08	-0.3
Total Operating Expenses	0.16	0.71	0.62	0.7	0.6	0.64	0.62	0.7		0.59	-0.26	0.63	0.36	0.91	0.84	-0.39	0.54	0.66	0.34	0.68	-0.71	0.12	0.32	0.23	0.03	-0.7
Income Before Tax	0.47	0.73	1.0	0.68	1.0	0.98	0.99	0.68	0.59		-0.09	0.99	0.89	0.47	0.39	-0.68	0.62	0.98	0.31	0.26	-0.3	0.8	0.01	0.5	0.38	-0.34
Total Other Income Expense Net	-0.04	-0.2	-0.15	-0.2	-0.11	-0.16	-0.16	-0.2	-0.26	-0.09		-0.07	-0.14	-0.3	-0.21	0.27	-0.19	-0.1	0.37	-0.18	-0.14	-0.04	-0.27	0.04	0.15	0.35
Net Income	0.41	0.7	0.99	0.65	0.99	0.99	0.98	0.65	0.63	0.99	-0.07		0.81	0.5	0.42	-0.68	0.63	0.99	0.32	0.26	-0.35	0.72	0.06	0.48	0.38	-0.36
Income Tax Expense	0.61	0.72	0.89	0.68	0.89	0.83	0.88	0.68	0.36	0.89	-0.14	0.81		0.28	0.24	-0.61	0.5	0.8	0.24	0.23	-0.08	0.93	-0.11	0.47	0.32	-0.18
Interest Expense	0.2	0.61	0.5	0.61	0.49	0.51	0.5	0.6	0.91	0.47	-0.3	0.5	0.28		0.81	-0.37	0.5	0.54	0.23	0.76	-0.69	0.02	0.43	0.13	-0.04	-0.67
Selling General Administrative	0.03	0.67	0.43	0.68	0.4	0.42	0.38	0.68	0.84	0.39	-0.21	0.42	0.24	0.81		-0.12	0.19	0.42	0.38	0.82	-0.69	-0.07	0.13	-0.04	0.03	-0.52
Minority Interest	-0.39	-0.51	-0.68	-0.47	-0.68	-0.7	-0.71	-0.47	-0.39	-0.68	0.27	-0.68	-0.61	-0.37	-0.12		-0.63	-0.7	-0.12	-0.01	0.03	-0.65	-0.31	-0.36	0.2	0.29
Selling And Marketing Expenses	0.67	0.39	0.62	0.35	0.62	0.65	0.72	0.35	0.54	0.62	-0.19	0.63	0.5	0.5	0.19	-0.63		0.73	0.23	0.12	-0.23	0.55	-0.09	0.87	0.29	-0.43
Net Income From Continuing Ops	0.47	0.69	0.98	0.64	0.98	0.98	0.99	0.64	0.66	0.98	-0.1	0.99	0.8	0.54	0.42	-0.7	0.73		0.32	0.26	-0.36	0.72	0.03	0.58	0.39	-0.41
Non Operating Income Net Other	0.18	0.39	0.29	0.39	0.29	0.28	0.29	0.39	0.34	0.31	0.37	0.32	0.24	0.23	0.38	-0.12	0.23	0.32		0.22	-0.43	0.23	-0.09	0.18	0.36	-0.21
Discontinued Operations	0.27	0.7	0.31	0.73	0.28	0.23	0.26	0.73	0.68	0.26	-0.18	0.26	0.23	0.76	0.82	-0.01	0.12	0.26	0.22		-0.47	-0.09	0.12	-0.02	0.0	-0.21
Non Recurring	-0.03	-0.27	-0.31	-0.26	-0.31	-0.31	-0.29	-0.26	-0.71	-0.3	-0.14	-0.35	-0.08	-0.69	-0.69	0.03	-0.23	-0.36	-0.43	-0.47		0.14	-0.25	-0.01	-0.01	0.47
Tax Provision	0.62	0.52	0.78	0.47	0.79	0.75	0.8	0.47	0.12	0.8	-0.04	0.72	0.93	0.02	-0.07	-0.65	0.55	0.72	0.23	-0.09	0.14		-0.21	0.58	0.34	-0.08
Interest Income	-0.38	0.09	0.03	0.1	0.02	0.08	0.0	0.1	0.32	0.01	-0.27	0.06	-0.11	0.43	0.13	-0.31	-0.09	0.03	-0.09	0.12	-0.25	-0.21		-0.52	-0.47	-0.43
Net Interest Income	0.78	0.23	0.49	0.2	0.49	0.48	0.59	0.19	0.23	0.5	0.04	0.48	0.47	0.13	-0.04	-0.36	0.87	0.58	0.18	-0.02	-0.01	0.58	-0.52		0.46	-0.04
Reconciled Depreciation	0.28	0.11	0.36	0.08	0.37	0.36	0.38	0.08	0.03	0.38	0.15	0.38	0.32	-0.04	0.03	0.2	0.29	0.39	0.36	0.0	-0.01	0.34	-0.47	0.46		-0.01
Extraordinary Items	0.21	-0.32	-0.36	-0.3	-0.35	-0.46	-0.38	-0.3	-0.7	-0.34	0.35	-0.36	-0.18	-0.67	-0.52	0.29	-0.43	-0.41	-0.21	-0.21	0.47	-0.08	-0.43	-0.04	-0.01

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Valero Energy Account Relationship Matchups

Valero Energy income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Revenue	108.3B	64.9B	114.0B	176.4B	144.8B	152.0B
Gross Profit	4.7B	(788M)	3.1B	16.8B	13.2B	13.8B
Operating Income	3.8B	(1.6B)	2.1B	15.7B	12.1B	12.7B
Ebit	3.8B	(1.6B)	2.1B	15.7B	12.1B	12.7B
Ebitda	3.9B	(1.4B)	2.1B	15.9B	14.8B	15.6B
Cost Of Revenue	103.6B	65.7B	110.9B	159.6B	131.6B	138.2B
Income Before Tax	3.5B	(2.0B)	1.5B	15.3B	11.8B	12.4B
Net Income	2.4B	(1.1B)	1.3B	11.5B	8.8B	9.3B
Income Tax Expense	702M	(903M)	255M	3.4B	2.6B	2.7B
Interest Expense	454M	563M	603M	562M	611M	641.6M
Minority Interest	362M	314M	(358M)	(351M)	(417M)	(396.2M)
Tax Provision	702M	(903M)	255M	3.4B	3.3B	3.5B
Interest Income	379M	563M	603M	562M	371M	524.9M
Net Interest Income	(454M)	(563M)	(603M)	(562M)	(209M)	(219.5M)

Valero Energy Investors Sentiment

The influence of Valero Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Valero. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Valero Energy's public news can be used to forecast risks associated with an investment in Valero. The trend in average sentiment can be used to explain how an investor holding Valero can time the market purely based on public headlines and social activities around Valero Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Valero Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Valero Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Valero Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Valero Energy.

Valero Energy Implied Volatility

62.13

Valero Energy's implied volatility exposes the market's sentiment of Valero Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Valero Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Valero Energy stock will not fluctuate a lot when Valero Energy's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Valero Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Valero Energy's short interest history, or implied volatility extrapolated from Valero Energy options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

S	SentinelOne
GM	General Motors
V	Visa Class A

When determining whether Valero Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Valero Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Valero Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Valero Energy Stock:

How To Invest In Valero

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Is Valero Stock a good investment?

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What is Valero Energy's Net Worth?

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Check out Valero Energy Valuation and Valero Energy Correlation analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Valero Energy's price analysis, check to measure Valero Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Valero Energy is operating at the current time. Most of Valero Energy's value examination focuses on studying past and present price action to predict the probability of Valero Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Valero Energy's price. Additionally, you may evaluate how the addition of Valero Energy to your portfolios can decrease your overall portfolio volatility.

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Is Valero Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Valero Energy. If investors know Valero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Valero Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.57)

Dividend Share

4.08

Earnings Share

24.91

Revenue Per Share

393.771

Quarterly Revenue Growth

(0.16)

The market value of Valero Energy is measured differently than its book value, which is the value of Valero that is recorded on the company's balance sheet. Investors also form their own opinion of Valero Energy's value that differs from its market value or its book value, called intrinsic value, which is Valero Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valero Energy's market value can be influenced by many factors that don't directly affect Valero Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Valero Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valero Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valero Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Valero Income Statement Research

Valero Energy income statement Correlations

Valero Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Valero Energy income statement Accounts

Valero Energy Investors Sentiment

Valero Energy Implied Volatility

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Operating Income	+ 1.0	Gross Profit
Income Before Tax	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Operating Income

Non Recurring	- 0.71	Total Operating Expenses
Minority Interest	- 0.71	Ebitda
Net Income From Continuing Ops	- 0.7	Minority Interest
Extraordinary Items	- 0.7	Total Operating Expenses
Minority Interest	- 0.7	Ebit
Non Recurring	- 0.69	Selling General Administrative