Valero Energy Corporation
VLO Energy Oil & Gas Refining & Marketing
Valero Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $122.7 billion, down 5.54% from fiscal 2024. In the quarter to June 2026, revenue grew 48.8%, EPS grew 453.5%, free cash flow grew 871.1% and total debt rose 6.59%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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Valero Energy Corporation (VLO) Free cash flow
Valero Energy Corporation's free cash flow for fiscal 2025 was $4.0B, down 14.0% from $4.7B in fiscal 2024. Over the twelve months to 30 June 2026 it was $9.4B. Over the past ten years it has ranged from −$1.5B (fiscal 2020) to $9.9B (fiscal 2022); the current reading is higher than 73% of that period. Free cash flow has fallen for 3 consecutive fiscal years. Valero Energy Corporation ranks 2nd of 19 Oil & Gas Refining & Marketing companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $4.0B | (13.99%) |
| FY2024 | $4.7B | (36.29%) |
| FY2023 | $7.4B | (25.50%) |
| FY2022 | $9.9B | 169.11% |
| FY2021 | $3.7B | — |
| FY2020 | −$1.5B | — |
| FY2019 | $3.5B | 35.05% |
| FY2018 | $2.6B | (26.93%) |
| FY2017 | $3.6B | 1.19% |
| FY2016 | $3.5B | (11.29%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $5.2B | 439.03% |
| Mar 2026 | $971.0M | 14.64% |
| Dec 2025 | $847.0M | (63.57%) |
| Sep 2025 | $2.3B | 331.35% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| MPC Marathon Petroleum Corporation compare | $13.9B |
| VLO Valero Energy Corporation | $9.4B |
| PSX Phillips 66 compare | $6.4B |
| DINO HF Sinclair Corporation compare | $2.2B |
| SUN Sunoco LP compare | $1.7B |
| UGP Ultrapar Participacoes S.A. compare | $1.6B |
| PBF PBF Energy Inc. compare | $913.1M |
| CVI CVR Energy Inc. compare | $361.0M |
| IEP Icahn Enterprises L.P. compare | −$251.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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