Valero Energy vs World Kinect

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The short version

Valero Energy is the larger business, with $122.7B of revenue in fiscal 2025 against $36.9B for World Kinect, about 3.3 times as much.
Valero Energy grew revenue faster (−5.5%, against −12.5%).
Valero Energy kept more of each dollar of sales as operating profit (2.6% operating margin, against −1.5%).
Valero Energy earned a higher return on the capital invested in it (7.2%, against −20.9%).

Latest fiscal year	VLO · FY25	WKC · FY25
Size
Market cap	$123.3B	$1.9B
Revenue	$122.7B	$36.9B
Free cash flow	—	$227M
Net income	$2.3B	−$614M
Growth
Revenue growth	−5.5%	−12.5%
5-year growth	13.6%	12.6%
Share count change	−4.0%	−6.1%
Profitability
Gross margin	4.4%	2.6%
Operating margin	2.6%	−1.5%
Net margin	1.9%	−1.7%
FCF margin	—	0.6%
Return on capital	7.2%	−20.9%
Return on equity	9.7%	−37.8%
Balance sheet
Net debt	$5.9B	$504M
Net debt / EBITDA	0.9x	—
Dividends and buybacks	$4.0B	$126M
Valuation & quality
P/E	17.4x	—
Piotroski F-score	6	5

Revenue

FY16

VLO $75.7B

WKC $27.0B

FY17

VLO $94.0B

WKC $33.7B

FY18

VLO $117.0B

WKC $39.8B

FY19

VLO $108.3B

WKC $36.8B

FY20

VLO $64.9B

WKC $20.4B

FY21

VLO $114.0B

WKC $31.3B

FY22

VLO $176.4B

WKC $59.0B

FY23

VLO $144.8B

WKC $47.7B

FY24

VLO $129.9B

WKC $42.2B

FY25

VLO $122.7B

WKC $36.9B

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

VLO WKC

Operating margin

FY16

VLO 4.7%

WKC 0.7%

FY17

VLO 3.8%

WKC 0.1%

FY18

VLO 3.9%

WKC 0.7%

FY19

VLO 3.5%

WKC 0.8%

FY20

VLO −2.4%

WKC 0.7%

FY21

VLO 1.9%

WKC 0.5%

FY22

VLO 8.9%

WKC 0.5%

FY23

VLO 8.2%

WKC 0.4%

FY24

VLO 2.9%

WKC 0.5%

FY25

VLO 2.6%

WKC −1.5%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

VLO WKC

Free cash flow

FY16

VLO $2.8B

WKC $14.6M

FY17

VLO $3.5B

WKC −$188M

FY18

VLO $995M

WKC −$255M

FY19

VLO $2.7B

WKC $148M

FY20

VLO −$1.5B

WKC $553M

FY21

VLO $3.4B

WKC $134M

FY22

VLO $9.8B

WKC $59.9M

FY23

VLO $7.3B

WKC $184M

FY24

VLO $4.6B

WKC $192M

FY25

VLO —

WKC $227M

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

VLO WKC

Return on capital

FY16

VLO 11.1%

WKC 7.5%

FY17

VLO 14.5%

WKC 1.5%

FY18

VLO 13.5%

WKC 7.9%

FY19

VLO 10.6%

WKC 9.8%

FY20

VLO −4.1%

WKC 4.5%

FY21

VLO 5.9%

WKC 6.0%

FY22

VLO 39.4%

WKC 10.1%

FY23

VLO 27.6%

WKC 6.3%

FY24

VLO 9.0%

WKC 6.0%

FY25

VLO 7.2%

WKC −20.9%

FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

VLO WKC

Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.