The Filing Desk

PBF Energy vs Valero Energy

PBF Energy PBF · Valero Energy VLO · Oil & Gas Refining & Marketing

Valero Energy reported revenue of $122.7 billion in fiscal 2025, 4.2 times PBF Energy's $29.3 billion in fiscal 2025. PBF Energy's revenue fell 11.4% in its latest year, and Valero Energy's fell 5.5%. PBF Energy had an operating margin of -0.2%, against 2.6% at Valero Energy.

Side by side

PBF EnergyValero Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$29.3B$122.7B
Revenue growth−11.4%−5.5%
Revenue growth a year, last 5 years14.2%13.6%
Gross margin−1.9%4.4%
Operating margin−0.2%2.6%
Net margin−0.5%1.9%
Free cash flow−$783M—
Free cash flow margin−2.7%—
Return on capital−0.6%7.2%
Net debt to EBITDA5.2x0.9x
Dividends and buybacks$126M$4.0B
Change in diluted share count−1.9%−4.0%
Last close$80.55$426.76
P/E at the last close7.1×17.7×
Insider trades, last 12 monthssold $1.0 billionsold $9.4 million
Piotroski F-score4 of 96 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
PBF EnergyValero Energy
Operating margin
Percent of revenue
PBF EnergyValero Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PBF EnergyValero Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the PBF Energy and Valero Energy pages.