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). Explore Valero Energy Corporation capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see VLO cash flow metrics.
Annual Free Cash Flow Generation for Valero Energy Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Valero Energy Corporation. Check how aggressively does Valero Energy Corporation reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |