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). Read Valero Energy Corporation total liabilities for a breakdown of total debt and financial obligations.
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 (VLO) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 VLO market cap overview.
| 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 | — |