Valero Energy Corporation (VLO) — Capital Reinvestment Ratio
Latest as of March 2026:
0.12x
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 VLO cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.12x
Capex / Operating Cash Flow
Operating Cash Flow
$1.39 Billion
USD
Capital Expenditures
$160.00 Million
USD
Data as of
Mar 2026
Most recent filing
Valero Energy Corporation Capital Reinvestment Ratio (1989–2025)
This chart tracks Valero Energy Corporation's Capital Reinvestment Ratio across 37 annual periods.
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 market cap of Valero Energy Corporation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow