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Side-by-side financial comparison of AbbVie (ABBV) and Valero Energy (VLO). Click either name above to swap in a different company.

Valero Energy is the larger business by last-quarter revenue ($32.4B vs $15.0B, roughly 2.2× AbbVie). AbbVie runs the higher net margin — 4.6% vs 4.1%, a 0.6% gap on every dollar of revenue. On growth, AbbVie posted the faster year-over-year revenue change (9.9% vs 7.0%). Over the past eight quarters, AbbVie's revenue compounded faster (1.8% CAGR vs -3.1%).

AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.

Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.

ABBV vs VLO — Head-to-Head

Bigger by revenue
VLO
VLO
2.2× larger
VLO
$32.4B
$15.0B
ABBV
Growing faster (revenue YoY)
ABBV
ABBV
+2.9% gap
ABBV
9.9%
7.0%
VLO
Higher net margin
ABBV
ABBV
0.6% more per $
ABBV
4.6%
4.1%
VLO
Faster 2-yr revenue CAGR
ABBV
ABBV
Annualised
ABBV
1.8%
-3.1%
VLO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ABBV
ABBV
VLO
VLO
Revenue
$15.0B
$32.4B
Net Profit
$697.0M
$1.3B
Gross Margin
6.3%
Operating Margin
26.6%
Net Margin
4.6%
4.1%
Revenue YoY
9.9%
7.0%
Net Profit YoY
-46.0%
312.3%
EPS (diluted)
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABBV
ABBV
VLO
VLO
Q1 26
$15.0B
$32.4B
Q4 25
$16.6B
$30.4B
Q3 25
$15.8B
$32.2B
Q2 25
$15.4B
$29.9B
Q1 25
$13.3B
$30.3B
Q4 24
$15.1B
$30.8B
Q3 24
$14.5B
$32.9B
Q2 24
$14.5B
$34.5B
Net Profit
ABBV
ABBV
VLO
VLO
Q1 26
$697.0M
$1.3B
Q4 25
$1.8B
$1.1B
Q3 25
$186.0M
$1.1B
Q2 25
$938.0M
$714.0M
Q1 25
$1.3B
$-595.0M
Q4 24
$-22.0M
$281.0M
Q3 24
$1.6B
$364.0M
Q2 24
$1.4B
$880.0M
Gross Margin
ABBV
ABBV
VLO
VLO
Q1 26
6.3%
Q4 25
72.6%
6.3%
Q3 25
66.4%
5.5%
Q2 25
71.8%
4.2%
Q1 25
70.0%
1.7%
Q4 24
70.9%
2.0%
Q3 24
70.9%
2.3%
Q2 24
70.9%
4.2%
Operating Margin
ABBV
ABBV
VLO
VLO
Q1 26
26.6%
Q4 25
27.3%
5.2%
Q3 25
12.1%
4.7%
Q2 25
31.7%
3.3%
Q1 25
28.0%
-3.0%
Q4 24
-9.9%
1.1%
Q3 24
26.5%
1.5%
Q2 24
27.6%
3.5%
Net Margin
ABBV
ABBV
VLO
VLO
Q1 26
4.6%
4.1%
Q4 25
10.9%
3.7%
Q3 25
1.2%
3.4%
Q2 25
6.1%
2.4%
Q1 25
9.6%
-2.0%
Q4 24
-0.1%
0.9%
Q3 24
10.8%
1.1%
Q2 24
9.5%
2.6%
EPS (diluted)
ABBV
ABBV
VLO
VLO
Q1 26
$0.39
Q4 25
$1.02
$3.66
Q3 25
$0.10
$3.53
Q2 25
$0.52
$2.28
Q1 25
$0.72
$-1.90
Q4 24
$-0.03
$0.98
Q3 24
$0.88
$1.14
Q2 24
$0.77
$2.71

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABBV
ABBV
VLO
VLO
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$26.9M
Total Assets
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
$5.3B
$4.7B
Q3 25
$5.7B
$4.8B
Q2 25
$6.5B
$4.5B
Q1 25
$5.2B
$4.6B
Q4 24
$5.6B
$4.7B
Q3 24
$7.3B
$5.2B
Q2 24
$13.2B
$5.2B
Total Debt
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
$58.9B
$9.7B
Q3 25
$63.0B
$9.7B
Q2 25
$63.0B
$10.3B
Q1 25
$64.5B
$10.3B
Q4 24
$60.3B
$9.7B
Q3 24
$58.5B
$9.8B
Q2 24
$58.0B
$9.7B
Stockholders' Equity
ABBV
ABBV
VLO
VLO
Q1 26
$26.9M
Q4 25
$-3.3B
$23.7B
Q3 25
$-2.6B
$23.8B
Q2 25
$-183.0M
$24.1B
Q1 25
$1.4B
$23.5B
Q4 24
$3.3B
$24.5B
Q3 24
$6.0B
$25.3B
Q2 24
$6.8B
$25.4B
Total Assets
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
$134.0B
$58.0B
Q3 25
$133.9B
$58.6B
Q2 25
$137.2B
$59.4B
Q1 25
$136.2B
$59.2B
Q4 24
$135.2B
$60.1B
Q3 24
$143.4B
$60.4B
Q2 24
$141.9B
$63.6B
Debt / Equity
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
0.41×
Q3 25
0.41×
Q2 25
0.43×
Q1 25
45.44×
0.44×
Q4 24
18.15×
0.40×
Q3 24
9.70×
0.39×
Q2 24
8.56×
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABBV
ABBV
VLO
VLO
Operating Cash FlowLast quarter
$1.4B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABBV
ABBV
VLO
VLO
Q1 26
$1.4B
Q4 25
$5.2B
$2.1B
Q3 25
$7.0B
$1.9B
Q2 25
$5.2B
$936.0M
Q1 25
$1.6B
$952.0M
Q4 24
$7.0B
$1.1B
Q3 24
$5.4B
$1.3B
Q2 24
$2.3B
$2.5B
Free Cash Flow
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
$4.9B
Q3 25
$6.6B
$1.5B
Q2 25
$4.9B
$529.0M
Q1 25
$1.4B
$293.0M
Q4 24
$6.8B
$523.0M
Q3 24
$5.2B
$866.0M
Q2 24
$2.0B
$2.1B
FCF Margin
ABBV
ABBV
VLO
VLO
Q1 26
Q4 25
29.4%
Q3 25
42.1%
4.6%
Q2 25
31.7%
1.8%
Q1 25
10.5%
1.0%
Q4 24
44.7%
1.7%
Q3 24
35.9%
2.6%
Q2 24
14.0%
5.9%
Capex Intensity
ABBV
ABBV
VLO
VLO
Q1 26
0.5%
Q4 25
2.0%
Q3 25
2.4%
1.3%
Q2 25
1.7%
1.4%
Q1 25
1.8%
2.2%
Q4 24
1.9%
1.8%
Q3 24
1.7%
1.3%
Q2 24
1.7%
1.2%
Cash Conversion
ABBV
ABBV
VLO
VLO
Q1 26
1.05×
Q4 25
2.87×
1.81×
Q3 25
37.76×
1.72×
Q2 25
5.49×
1.31×
Q1 25
1.27×
Q4 24
3.81×
Q3 24
3.49×
3.56×
Q2 24
1.66×
2.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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