VALERO ENERGY CORPTX（VLO）の決算・業績分析
VALERO ENERGY CORPTXの2025年有価証券報告書をAI分析。売上高$122.7B(-5.5%)。営業利益$3.2B。Energy。
目次
VALERO ENERGY CORPTXの2025年度 業績サマリー
VALERO ENERGY CORPTX（証券コード: VLO）の2025年度決算・業績分析。売上高は$122.7B（前年比-5.5%）。営業利益は$3.2B（前年比-15.3%）。純利益は$2.3B（前年比-15.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
VALERO ENERGY CORPTXの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $176.4B (+54.8% YoY) and Operating Income skyrocketed to $15.7B (+636.6% YoY) in FY2024 (XBRL).
- Net Income reached $11.5B (+1139.6% YoY), with Net Margin at 6.5% and Operating Margin at 8.9% (XBRL).
- Free Cash Flow (FCF) totaled $9.8B, while Net Debt stood at $2.7B (0.2x EBITDA) (XBRL).
VALERO ENERGY CORPTXの売上高変化の要因
- •Revenue grew to $176.4B in FY2024, reflecting a 54.8% YoY increase (XBRL). Historical data shows revenue fluctuated between $64.9B (FY2022) and $176.4B (FY2024), with a 5-year CAGR of +4.3% (XBRL). No segment or geographic revenue breakdown is available (XBRL). Growth drivers include operational efficiency and demand recovery post-pandemic, though risks from EV adoption and fuel efficiency may impact future demand (10-K).
VALERO ENERGY CORPTXの営業利益変化の要因
- •Operating Income rose to $15.7B (+636.6% YoY), with Operating Margin at 8.9% and Net Margin at 6.5% (XBRL). EBITDA reached $15.7B (8.9% of revenue), while Net Income surged to $11.5B (+1139.6% YoY) (XBRL). Cost structure improvements and higher refining margins likely contributed to the surge in profitability (10-K).
VALERO ENERGY CORPTXの事業リスクと対応
Volatile margins due to feedstock/product price fluctuations (10-K).
Declining demand from EV adoption and fuel efficiency improvements (10-K).
OPEC+ influence on crude oil prices (10-K).
Regulatory risks from low-carbon fuel programs (10-K).
Industry shifts reducing product demand (10-K).
VALERO ENERGY CORPTXの今後の見通し・業績予想
VALERO ENERGY CORPTXの事業内容
Valero Energy Corp (VLO) operates as an integrated energy company, specializing in refining, marketing, and transporting petroleum products. The company's business model relies on processing crude oil into refined products (e.g., gasoline, diesel) and leveraging global supply chains. Competitive positioning is influenced by feedstock/product price volatility, industry capacity shifts, and regulatory pressures from low-carbon fuel programs (10-K).
VALERO ENERGY CORPTXのAI業績分析レポート（2024年度）
Valero Energy Corp (VLO) FY2024 Annual Report Analysis
Highlights
Business Overview
Valero Energy Corp operates as an integrated energy company, refining crude oil into petroleum products and marketing them globally. Competitive challenges include feedstock price volatility, EV adoption, and regulatory pressures from low-carbon initiatives (10-K). The company's asset base includes refining capacity, transportation networks, and retail fuel stations.
Revenue Analysis
FY2024 revenue of $176.4B reflects a 54.8% YoY increase (XBRL). Historical trends show revenue fluctuated between $64.9B (FY2022) and $176.4B (FY2024), with a 5-year CAGR of +4.3% (XBRL). No segment or geographic revenue data is available (XBRL). Growth drivers include demand recovery and operational efficiency, though EV adoption poses long-term risks (10-K).
Profitability Analysis
Operating Income surged to $15.7B (+636.6% YoY), with Operating Margin at 8.9% and Net Margin at 6.5% (XBRL). EBITDA reached $15.7B (8.9% of revenue), while Net Income rose to $11.5B (+1139.6% YoY) (XBRL). Cost management and refining margin improvements likely drove profitability growth (10-K).
Balance Sheet Analysis
Equity Ratio was 41.8%, with Total Equity at $26.3B and Total Assets at $63.1B (XBRL). Current Ratio stood at 1.56x, and Net Debt was $2.7B (0.2x EBITDA) (XBRL). Cash reserves totaled $5.4B, while Long-Term Debt was $8.1B (XBRL). ROE reached 43.8%, and ROA was 18.3% (XBRL).
Cash Flow Analysis
Operating Cash Flow was $12.6B, with Free Cash Flow (FCF) at $9.8B (XBRL). Investing Cash Flow was -$2.8B, and Financing Cash Flow was -$8.8B (XBRL). Dividends Paid amounted to $1.6B, and Share Repurchases totaled $4.6B (XBRL). Capital expenditures are not explicitly quantified in the data (XBRL).
Working Capital Analysis
Cash Conversion Cycle (CCC) was 11 days, with Receivables Days at 23 days, Inventory Days at 17 days, and Payables Days at 29 days (XBRL).
Risks
Outlook
No explicit management guidance is provided in the 10-K or XBRL data. Forward-looking trends may depend on mitigating risks from EV adoption, regulatory changes, and OPEC+ production dynamics (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 117.0B | 108.3B | 64.9B | 114.0B | 176.4B | 144.8B |
| Operating Income | 4.6B | 3.8B | -1.6B | 2.1B | 15.7B | 11.9B |
| Net Income | 3.1B | 2.4B | -1.4B | 930M | 11.5B | 8.8B |
| Total Assets | 53.9B | 51.8B | 57.9B | 61.0B | 63.1B | 60.1B |
| Total Equity | 21.8B | 18.8B | 18.4B | 23.6B | 26.3B | 24.5B |
| Operating Cash Flow | 4.4B | 5.5B | 948M | 5.9B | 12.6B | 9.2B |
Energyの企業一覧
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