Phillips 66 vs Valero Energy
Phillips 66 reported revenue of $132.4 billion in fiscal 2025, about the same as Valero Energy's $122.7 billion in fiscal 2025. Phillips 66's revenue fell 7.5% in its latest year, and Valero Energy's fell 5.5%.
Side by side
| Phillips 66 | Valero Energy | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $132.4B | $122.7B |
| Revenue growth | −7.5% | −5.5% |
| Revenue growth a year, last 5 years | 15.6% | 13.6% |
| Gross margin | 12.3% | 4.4% |
| Operating margin | — | 2.6% |
| Net margin | 3.3% | 1.9% |
| Free cash flow | — | — |
| Free cash flow margin | — | — |
| Return on capital | 11.2% | 7.2% |
| Net debt to EBITDA | 1.9x | 0.9x |
| Dividends and buybacks | $3.1B | $4.0B |
| Change in diluted share count | −3.3% | −4.0% |
| Last close | $288.85 | $426.76 |
| P/E at the last close | 16.5× | 17.7× |
| Insider trades, last 12 months | bought $60,608, sold $62.7 million | sold $9.4 million |
| Piotroski F-score | 8 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
Phillips 66Valero Energy
Operating margin
Percent of revenue
Phillips 66Valero Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Phillips 66Valero Energy
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 Phillips 66 and Valero Energy pages.