Valero Energy Corporation (VLO) — Free Cash Flow Generation Index
Valero Energy Corporation (VLO) has a Free Cash Flow Generation Index of 0.88x as of March 2026. Free cash flow of $1.23 Billion represents 1% of operating cash flow ($1.39 Billion). See VLO working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Valero Energy Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Valero Energy Corporation across 37 annual periods. Explore Valero Energy Corporation cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Valero Energy Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Valero Energy Corporation. For the full company profile including market capitalisation, see Valero Energy Corporation (VLO) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.86x | $5.03 Billion | $5.83 Billion | $796.00 Million | ▼ -0.1% |
| 2024 | 0.86x | $5.78 Billion | $6.68 Billion | $907.00 Million | ▼ -4.1% |
| 2023 | 0.90x | $8.32 Billion | $9.23 Billion | $911.00 Million | ▲ +158.4% |
| 2022 | -1.54x | $-1.02 Billion | $661.00 Million | $1.68 Billion | ▲ +44.7% |
| 2021 | -2.79x | $-1.23 Billion | $439.00 Million | $1.67 Billion | ▼ -269.2% |
| 2020 | -0.76x | $-770.00 Million | $1.02 Billion | $1.79 Billion | ▲ +85.8% |
| 2019 | -5.34x | $-1.68 Billion | $315.00 Million | $2.00 Billion | ▼ -1115.2% |
| 2018 | 0.53x | $2.30 Billion | $4.37 Billion | $2.07 Billion | ▼ -29.7% |
| 2017 | 0.75x | $4.10 Billion | $5.48 Billion | $1.38 Billion | ▲ +1.8% |
| 2016 | 0.73x | $3.54 Billion | $4.82 Billion | $1.28 Billion | ▲ +3.3% |
| 2015 | 0.71x | $3.99 Billion | $5.61 Billion | $1.62 Billion | ▲ +44.5% |
| 2014 | 0.49x | $2.09 Billion | $4.24 Billion | $2.15 Billion | ▼ -20.4% |
| 2013 | 0.62x | $3.44 Billion | $5.56 Billion | $2.12 Billion | ▲ +39.4% |
| 2012 | 0.44x | $2.34 Billion | $5.27 Billion | $2.93 Billion | ▲ +6.5% |
| 2011 | 0.42x | $1.68 Billion | $4.04 Billion | $2.35 Billion | ▼ -3.5% |
| 2010 | 0.43x | $1.31 Billion | $3.04 Billion | $1.73 Billion | ▲ +256.2% |
| 2009 | -0.28x | $-504.00 Million | $1.82 Billion | $2.33 Billion | ▼ -509.5% |
| 2008 | 0.07x | $202.00 Million | $2.99 Billion | $2.79 Billion | ▼ -88.2% |
| 2007 | 0.57x | $3.00 Billion | $5.26 Billion | $2.26 Billion | ▲ +15.2% |
| 2006 | 0.50x | $3.12 Billion | $6.31 Billion | $3.19 Billion | ▼ -21.7% |
| 2005 | 0.63x | $3.67 Billion | $5.80 Billion | $2.13 Billion | ▲ +12.2% |
| 2004 | 0.56x | $1.67 Billion | $2.96 Billion | $1.29 Billion | ▲ +81.1% |
| 2003 | 0.31x | $440.60 Million | $1.42 Billion | $975.80 Million | ▲ +115.7% |
| 2002 | -1.98x | $-538.90 Million | $272.30 Million | $811.20 Million | ▼ -450.0% |
| 2001 | 0.57x | $511.95 Million | $905.51 Million | $393.56 Million | ▼ -16.4% |
| 2000 | 0.68x | $406.41 Million | $601.30 Million | $194.89 Million | ▼ -12.1% |
| 1999 | 0.77x | $334.50 Million | $435.10 Million | $100.60 Million | ▲ +138.1% |
| 1998 | -2.02x | $-334.90 Million | $165.80 Million | $500.70 Million | ▼ -550.7% |
| 1997 | 0.45x | $99.10 Million | $221.10 Million | $122.00 Million | ▼ -16.1% |
| 1996 | 0.53x | $147.30 Million | $275.80 Million | $128.50 Million | ▲ +166.7% |
| 1995 | 0.20x | $31.20 Million | $155.80 Million | $124.60 Million | ▲ +208.2% |
| 1994 | -0.19x | $-12.60 Million | $68.10 Million | $80.70 Million | ▼ -42.9% |
| 1993 | -0.13x | $-18.30 Million | $141.30 Million | $159.60 Million | ▲ +84.8% |
| 1992 | -0.85x | $-130.30 Million | $152.50 Million | $282.80 Million | ▼ -233.0% |
| 1991 | -0.26x | $-46.90 Million | $182.80 Million | $229.70 Million | ▼ -186.0% |
| 1990 | 0.30x | $58.60 Million | $196.40 Million | $137.80 Million | ▲ +99.2% |
| 1989 | 0.15x | $6.50 Million | $43.40 Million | $36.90 Million | — |