Valero Energy annual free cash flow
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2025
Valero Energy Free Cash Flow (FCF) History (VLO)
Valero Energy reported $5.03B in free cash flow for fiscal 2025, an increase of 8.73% from the previous fiscal year, with a free cash flow margin of 4.10%.
View full Valero Energy company overviewValero Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.03B | $404.0M | +8.73% | +4.10% |
| 2024 | 2024-12-31 | $4.63B | −$2.69B | −36.74% | +3.56% |
| 2023 | 2023-12-31 | $7.31B | −$2.52B | −25.66% | +5.05% |
| 2022 | 2022-12-31 | $9.84B | $6.44B | +189.24% | +5.58% |
| 2021 | 2021-12-31 | $3.40B | $4.89B | — | +2.98% |
| 2020 | 2020-12-31 | −$1.49B | −$4.17B | — | −2.29% |
| 2019 | 2019-12-31 | $2.69B | $1.69B | +169.85% | +2.48% |
| 2018 | 2018-12-31 | $995.0M | −$3.13B | −75.90% | +0.85% |
| 2017 | 2017-12-31 | $4.13B | $587.0M | +16.57% | +4.39% |
| 2016 | 2016-12-31 | $3.54B | −$451.0M | −11.29% | +4.68% |
| 2015 | 2015-12-31 | $3.99B | $1.91B | +91.24% | — |
| 2014 | 2014-12-31 | $2.09B | −$1.35B | −39.36% | — |
| 2013 | 2013-12-31 | $3.44B | $1.10B | +47.20% | — |
| 2012 | 2012-12-31 | $2.34B | $656.0M | +38.98% | — |
| 2011 | 2011-12-31 | $1.68B | $368.0M | +27.98% | — |
| 2010 | 2010-12-31 | $1.31B | $1.80B | — | — |
| 2009 | 2009-12-31 | −$483.0M | −$685.0M | — | — |
| 2008 | 2008-12-31 | $202.0M | −$2.80B | −93.26% | — |
| 2007 | 2007-12-31 | $3.00B | — | — | — |
Valero Energy quarterly free cash flow
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Q1.25
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $5.35B | $4.83B | +912.10% | +12.04% |
| Q1 2026 | 2026-03-31 | $1.23B | $932.0M | +318.09% | +3.78% |
| Q4 2025 | 2025-12-31 | $1.84B | $1.31B | +251.24% | +6.05% |
| Q3 2025 | 2025-09-30 | $1.47B | $606.0M | +69.98% | +4.58% |
| Q2 2025 | 2025-06-30 | $529.0M | −$1.52B | −74.22% | +1.77% |
| Q1 2025 | 2025-03-31 | $293.0M | −$892.0M | −75.27% | +0.97% |
| Q4 2024 | 2024-12-31 | $523.0M | — | — | +1.70% |
| Q3 2024 | 2024-09-30 | $866.0M | — | — | +2.63% |
| Q2 2024 | 2024-06-30 | $2.05B | — | — | +5.95% |
| Q1 2024 | 2024-03-31 | $1.19B | — | — | +3.73% |
| Q4 2018 | 2018-12-31 | −$530.0M | −$1.75B | — | −1.84% |
| Q3 2018 | 2018-09-30 | $68.0M | −$628.0M | −90.23% | +0.22% |
| Q2 2018 | 2018-06-30 | $1.68B | $171.0M | +11.37% | +5.40% |
| Q1 2018 | 2018-03-31 | −$218.0M | −$927.0M | — | −0.82% |
| Q4 2017 | 2017-12-31 | $1.22B | $588.0M | +93.04% | +4.62% |
| Q3 2017 | 2017-09-30 | $696.0M | $135.0M | +24.06% | +2.95% |
| Q2 2017 | 2017-06-30 | $1.50B | −$521.0M | −25.73% | +6.76% |
| Q1 2017 | 2017-03-31 | $709.0M | $385.0M | +118.83% | +3.26% |
| Q4 2016 | 2016-12-31 | $632.0M | $577.0M | +1049.09% | — |
| Q3 2016 | 2016-09-30 | $561.0M | −$443.0M | −44.12% | — |
| Q2 2016 | 2016-06-30 | $2.02B | $66.0M | +3.37% | — |
| Q1 2016 | 2016-03-31 | $324.0M | −$651.0M | −66.77% | — |
| Q4 2015 | 2015-12-31 | $55.0M | −$242.0M | −81.48% | — |
| Q3 2015 | 2015-09-30 | $1.00B | −$363.0M | −26.55% | — |
| Q2 2015 | 2015-06-30 | $1.96B | $1.39B | +244.89% | — |
| Q1 2015 | 2015-03-31 | $975.0M | $1.12B | — | — |
| Q4 2014 | 2014-12-31 | $297.0M | −$1.80B | −85.84% | — |
| Q3 2014 | 2014-09-30 | $1.37B | $1.63B | — | — |
| Q2 2014 | 2014-06-30 | $568.0M | −$63.0M | −9.98% | — |
| Q1 2014 | 2014-03-31 | −$144.0M | −$1.12B | — | — |
| Q4 2013 | 2013-12-31 | $2.10B | $2.58B | — | — |
| Q3 2013 | 2013-09-30 | −$258.0M | −$1.66B | — | — |
| Q2 2013 | 2013-06-30 | $631.0M | $35.0M | +5.87% | — |
| Q1 2013 | 2013-03-31 | $972.0M | $154.0M | +18.83% | — |
| Q4 2012 | 2012-12-31 | −$479.0M | $582.0M | — | — |
| Q3 2012 | 2012-09-30 | $1.40B | $645.0M | +84.98% | — |
| Q2 2012 | 2012-06-30 | $596.0M | $231.0M | +63.29% | — |
| Q1 2012 | 2012-03-31 | $818.0M | −$802.0M | −49.51% | — |
| Q4 2011 | 2011-12-31 | −$1.06B | −$980.0M | — | — |
| Q3 2011 | 2011-09-30 | $759.0M | $348.0M | +84.67% | — |
| Q2 2011 | 2011-06-30 | $365.0M | −$20.0M | −5.19% | — |
| Q1 2011 | 2011-03-31 | $1.62B | $1.02B | +170.00% | — |
| Q4 2010 | 2010-12-31 | −$81.0M | $522.0M | — | — |
| Q3 2010 | 2010-09-30 | $411.0M | $347.0M | +542.19% | — |
| Q2 2010 | 2010-06-30 | $385.0M | $375.0M | +3750.00% | — |
| Q1 2010 | 2010-03-31 | $600.0M | $554.0M | +1204.35% | — |
| Q4 2009 | 2009-12-31 | −$603.0M | — | — | — |
| Q3 2009 | 2009-09-30 | $64.0M | −$938.0M | −93.61% | — |
| Q2 2009 | 2009-06-30 | $10.0M | — | — | — |
| Q1 2009 | 2009-03-31 | $46.0M | — | — | — |
| Q3 2008 | 2008-09-30 | $1.00B | — | — | — |
Valero Energy free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$1.49B to $5.03B, a net increase of $6.52B. Valero Energy's latest reported quarter, Q2 2026, generated $5.35B in free cash flow, an increase of 912.10% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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