Valero Energy annual free cash flow
2007
2008
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2014
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2020
2021
2022
2023
2024
Valero Energy Free Cash Flow (FCF) History (VLO)
Valero Energy reported $4.63B in free cash flow for fiscal 2024, a decrease of 36.74% from the previous fiscal year, with a free cash flow margin of 3.56%.
View full Valero Energy company overviewValero Energy free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 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
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| 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 | $1.05B | — | +1.70% |
| Q3 2024 | 2024-09-30 | $866.0M | $798.0M | +1173.53% | +2.63% |
| Q2 2024 | 2024-06-30 | $2.05B | $377.0M | +22.51% | +5.95% |
| Q1 2024 | 2024-03-31 | $1.19B | $1.40B | — | +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% | — |
| 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% | — |
| 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 | −$1.60B | — | — |
| Q3 2009 | 2009-09-30 | $64.0M | — | — | — |
| 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 $2.69B to $4.63B, a compound annual growth rate of 11.49%. Valero Energy's latest reported quarter, Q3 2025, generated $1.47B in free cash flow, an increase of 69.98% 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 SEC-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.
Review Valero Energy filings at SEC.gov ↗