Valero Energy Corporation

VLONYSEEnergy● Active

$258.04

+$2.22(+0.87%)

Market Cap$76.6B

P/E Ratio—

52W High$265.61

52W Low$125.77

Avg Volume3.7M

Open$260.00

Beta0.55

Free Cash Flow Financials Revenue

Valero Energy Corporation (VLO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

VLO · free cash flow · updated Jun 8, 2026

Core FCF metrics

VLO · FCF · TTM · margin & CAGR

Free cash flow was $5.03B for FY2025 (fiscal year ending 2025-12-31), down 12.9% year-over-year The FCF margin was 4.1%.

FY2025 Free Cash Flow$5.03B▼ -12.9% YoY

Trailing 12M (TTM)$5.93Btrailing 4 quarters sum

FCF Margin4.1%$5.03B ÷ revenue

3-Year CAGR-22.7%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

VLO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.83B(796M)$5.03B▼ 12.9%4.1%

FY2024$6.68B(907M)$5.78B▼ 30.6%4.5%

FY2023$9.23B(911M)$8.32B▼ 23.6%5.8%

FY2022$12.57B(1.68B)$10.89B▲ +159.7%6.2%

FY2021$5.86B(1.67B)$4.19B▲ +599.3%3.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

VLO · P/FCF · FCF yield · FCF per share

Valero Energy Corporation (VLO) trades at a FCF yield of 7.73% and a price-to-free-cash-flow ratio of 13.5x. FCF per share stands at $19.18, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.73%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$19.18

TTM FCF ÷ Shares Outstanding

Price / FCF

x13.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

VLO · cash flow statement · operating / investing / financing

For FY2025, Valero Energy Corporation generated $5.83B in operating cash flow and spent 796M in capital expenditures, yielding $5.03B in free cash flow.

Operating Activities

+$5.83B

Cash from core business operations

2025-12-31

Investing Activities

−$1.84B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$4.18B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($5.83B) − |CapEx| (796M) = FCF ($5.03B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

VLO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Valero Energy CorporationYOU

VLO

$5.03B-12.9%4.1%

21%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Valero Energy Corporation (VLO) reported free cash flow of $5.03B for FY2025 (fiscal year ending 2025-12-31), down 12.9% year-over-year. The FCF margin was 4.1%.

Based on available data, Valero Energy Corporation has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $10.89B in FY2022.

Valero Energy Corporation's FCF yield is 7.73% and price-to-FCF ratio is 13.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

VLO free cash flow · 8 questions

Valero Energy Corporation free cash flow was $5.03B for FY2025, down 12.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $5.93B.

VLO free cash flowVLO FCFVLO FCF 2025VLO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Valero Energy Corporation · Valero Energy Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026