Valero Energy Corporation (VLO) — Capital Reinvestment Ratio
Valero Energy Corporation (VLO) has a Capital Reinvestment Ratio of 0.12x as of March 2026, meaning it reinvests 0% of its operating cash flow ($1.39 Billion) in capital expenditures ($160.00 Million). See Valero Energy Corporation (VLO) balance sheet quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Valero Energy Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Valero Energy Corporation's Capital Reinvestment Ratio across 37 annual periods. Check Valero Energy Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Valero Energy Corporation (1989–2025)
Year-by-year Capital Reinvestment Ratio for Valero Energy Corporation from 1989 to 2025. For live market cap and broader valuation context, see Valero Energy Corporation market capitalisation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.14x | $5.83 Billion | $796.00 Million | ▲ +0.7% |
| 2024 | 0.14x | $6.68 Billion | $907.00 Million | ▲ +37.5% |
| 2023 | 0.10x | $9.23 Billion | $911.00 Million | ▼ -96.1% |
| 2022 | 2.54x | $661.00 Million | $1.68 Billion | ▼ -32.9% |
| 2021 | 3.79x | $439.00 Million | $1.67 Billion | ▲ +115.9% |
| 2020 | 1.76x | $1.02 Billion | $1.79 Billion | ▼ -72.3% |
| 2019 | 6.34x | $315.00 Million | $2.00 Billion | ▲ +1237.4% |
| 2018 | 0.47x | $4.37 Billion | $2.07 Billion | ▲ +88.4% |
| 2017 | 0.25x | $5.48 Billion | $1.38 Billion | ▼ -5.1% |
| 2016 | 0.27x | $4.82 Billion | $1.28 Billion | ▼ -8.1% |
| 2015 | 0.29x | $5.61 Billion | $1.62 Billion | ▼ -43.2% |
| 2014 | 0.51x | $4.24 Billion | $2.15 Billion | ▲ +33.2% |
| 2013 | 0.38x | $5.56 Billion | $2.12 Billion | ▼ -31.5% |
| 2012 | 0.56x | $5.27 Billion | $2.93 Billion | ▼ -4.6% |
| 2011 | 0.58x | $4.04 Billion | $2.35 Billion | ▲ +2.7% |
| 2010 | 0.57x | $3.04 Billion | $1.73 Billion | ▼ -55.5% |
| 2009 | 1.28x | $1.82 Billion | $2.33 Billion | ▲ +36.9% |
| 2008 | 0.93x | $2.99 Billion | $2.79 Billion | ▲ +116.9% |
| 2007 | 0.43x | $5.26 Billion | $2.26 Billion | ▼ -14.9% |
| 2006 | 0.50x | $6.31 Billion | $3.19 Billion | ▲ +37.3% |
| 2005 | 0.37x | $5.80 Billion | $2.13 Billion | ▼ -15.8% |
| 2004 | 0.44x | $2.96 Billion | $1.29 Billion | ▼ -36.6% |
| 2003 | 0.69x | $1.42 Billion | $975.80 Million | ▼ -76.9% |
| 2002 | 2.98x | $272.30 Million | $811.20 Million | ▲ +585.4% |
| 2001 | 0.43x | $905.51 Million | $393.56 Million | ▲ +34.1% |
| 2000 | 0.32x | $601.30 Million | $194.89 Million | ▲ +40.2% |
| 1999 | 0.23x | $435.10 Million | $100.60 Million | ▼ -92.3% |
| 1998 | 3.02x | $165.80 Million | $500.70 Million | ▲ +447.3% |
| 1997 | 0.55x | $221.10 Million | $122.00 Million | ▲ +18.4% |
| 1996 | 0.47x | $275.80 Million | $128.50 Million | ▼ -41.7% |
| 1995 | 0.80x | $155.80 Million | $124.60 Million | ▼ -32.5% |
| 1994 | 1.19x | $68.10 Million | $80.70 Million | ▲ +4.9% |
| 1993 | 1.13x | $141.30 Million | $159.60 Million | ▼ -39.1% |
| 1992 | 1.85x | $152.50 Million | $282.80 Million | ▲ +47.6% |
| 1991 | 1.26x | $182.80 Million | $229.70 Million | ▲ +79.1% |
| 1990 | 0.70x | $196.40 Million | $137.80 Million | ▼ -17.5% |
| 1989 | 0.85x | $43.40 Million | $36.90 Million | — |