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TotalEnergies vs Valero Energy: revenue, profit, margins and growth compared

TotalEnergies brought in $201.2B of revenue in fiscal 2025, Valero Energy $122.7B in fiscal 2025. Revenue changed by -6.2% at TotalEnergies and -5.5% at Valero Energy on the year before, so Valero Energy grew faster. TotalEnergies kept 6.5% of its revenue as net profit, Valero Energy 1.9%.

Side by side, latest fiscal year

TTEVLO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$201.2B$122.7B
Revenue growth-6.2%-5.5%
Net income$13.1B$2.3B
Net margin6.5%1.9%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$5.78$7.57
Cash$26.2B$4.7B
Debtn/a$8.3B
Price to earningsn/a51.1
Market value$198.4B$111.5B
Dividend yieldn/a1.17%
Rank by revenue in sector#1 of 129 · Energy#5 of 129 · Energy

Over the years

Revenue
TTE FY2018: $209.4BTTE FY2019: $200.3BTTE FY2020: $140.7BTTE FY2021: $205.9BTTE FY2022: $281BTTE FY2023: $237.1BTTE FY2024: $214.6BTTE FY2025: $201.2BVLO FY2018: $117BVLO FY2019: $108.3BVLO FY2020: $64.9BVLO FY2021: $114BVLO FY2022: $176.4BVLO FY2023: $144.8BVLO FY2024: $129.9BVLO FY2025: $122.7BFY18FY19FY20FY21FY22FY23FY24FY25
TTE $201.2BVLO $122.7B
Net income
TTE FY2018: $11.4BTTE FY2019: $11.3BTTE FY2020: -$7.2BTTE FY2021: $16BTTE FY2022: $20.5BTTE FY2023: $21.4BTTE FY2024: $15.8BTTE FY2025: $13.1BVLO FY2018: $3.1BVLO FY2019: $2.4BVLO FY2020: -$1.4BVLO FY2021: $930MVLO FY2022: $11.5BVLO FY2023: $8.8BVLO FY2024: $2.8BVLO FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
TTE $13.1BVLO $2.3B
Net margin
TTE FY2018: 5.5%TTE FY2019: 5.6%TTE FY2020: -5.1%TTE FY2021: 7.8%TTE FY2022: 7.3%TTE FY2023: 9.0%TTE FY2024: 7.3%TTE FY2025: 6.5%VLO FY2018: 2.7%VLO FY2019: 2.2%VLO FY2020: -2.2%VLO FY2021: 0.8%VLO FY2022: 6.5%VLO FY2023: 6.1%VLO FY2024: 2.1%VLO FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
TTE 6.5%VLO 1.9%
Revenue growth
TTE FY2019: -4.3%TTE FY2020: -29.8%TTE FY2021: +46.3%TTE FY2022: +36.5%TTE FY2023: -15.6%TTE FY2024: -9.5%TTE FY2025: -6.2%VLO FY2019: -7.4%VLO FY2020: -40.1%VLO FY2021: +75.6%VLO FY2022: +54.8%VLO FY2023: -17.9%VLO FY2024: -10.3%VLO FY2025: -5.5%FY19FY20FY21FY22FY23FY24FY25
TTE -6.2%VLO -5.5%
Free cash flow
VLO FY2018: $995MVLO FY2019: $2.7BVLO FY2020: -$1.5BVLO FY2021: $3.4BVLO FY2022: $9.8BVLO FY2023: $7.3BVLO FY2024: $4.6BFY18FY19FY20FY21FY22FY23FY24
TTEVLO $4.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about TotalEnergies and Valero Energy

Which is bigger by revenue, TotalEnergies or Valero Energy?

TotalEnergies is bigger by revenue: $201.2B in fiscal 2025, against $122.7B for Valero Energy in fiscal 2025.

Which keeps more of its revenue as profit, TotalEnergies or Valero Energy?

TotalEnergies had a net margin of 6.5% in fiscal 2025; Valero Energy had 1.9% in fiscal 2025.

Which grew revenue faster, TotalEnergies or Valero Energy?

In their latest fiscal years revenue changed by -6.2% at TotalEnergies and -5.5% at Valero Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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