Valero Energy Corporation (VLO) FCF Payout Ratio: 24.29%
Is Valero Energy Corporation’s FCF payout ratio high or low?
Valero Energy Corporation's FCF payout ratio of 24.29% is in line with its 4-year average of 24.38%, around the middle of its 4-year range (14.34%–38.20%).
6.39% below its 12-month average of 25.95%.
VLO FCF Payout Ratio Chart
VLO Average FCF Payout Ratio Chart
VLO Current vs Average FCF Payout Ratio Chart
VLO FCF Payout Ratio Metrics
FCF PAYOUT RATIO
24.29%
FCF PAYOUT RATIO AVG TTM
25.95%
FCF PAYOUT RATIO AVG 3Y
20.92%
FCF PAYOUT RATIO AVG 5Y
24.38%
FCF PAYOUT RATIO AVG 10Y
29.37%
FCF PAYOUT RATIO AVG 15Y
24.21%
FCF PAYOUT RATIO AVG 20Y
28.04%
CURRENT VS TTM AVG
-6.39%
CURRENT VS 3Y AVG
+16.10%
CURRENT VS 5Y AVG
-0.36%
CURRENT VS 10Y AVG
-17.29%
CURRENT VS 15Y AVG
+0.33%
CURRENT VS 20Y AVG
-13.38%
Payout Ratio Comparison
FCF Payout Ratio
24.3%
Earnings Payout Ratio
61.6%
Dividend Yield
1.81%
FCF Yield
7.71%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $5.03B | $1.41B | 27.9% |
| 2024 | $5.78B | $1.38B | 24.0% |
| 2023 | $8.32B | $1.45B | 17.5% |
| 2022 | $10.89B | $1.56B | 14.3% |
| 2021 | $4.19B | $1.60B | 38.2% |
| 2020 | ($840.00M) | $1.60B | N/A (Loss) |
| 2019 | ($1.68B) | $1.49B | N/A (Loss) |
| 2018 | $2.30B | $1.37B | 59.5% |
| 2017 | $4.10B | $1.24B | 30.3% |
| 2016 | $3.54B | $1.11B | 31.4% |
| 2015 | $3.99B | $848.00M | 21.2% |
| 2014 | $2.09B | $566.00M | 27.1% |
| 2013 | $3.44B | $462.00M | 13.4% |
| 2012 | $2.34B | $360.00M | 15.4% |
| 2011 | $1.68B | $169.00M | 10.0% |
| 2010 | $1.31B | $114.00M | 8.7% |
| 2009 | ($504.00M) | $324.00M | N/A (Loss) |
| 2008 | $202.00M | $299.00M | 148.0% |
| 2007 | $3.00B | $271.00M | 9.0% |
| 2006 | $3.13B | $184.00M | 5.9% |
| 2005 | $3.67B | $106.00M | 2.9% |
| 2004 | $1.67B | $79.40M | 4.8% |
| 2003 | $440.60M | $50.60M | 11.5% |
| 2002 | ($538.90M) | $42.30M | N/A (Loss) |
| 2001 | $511.95M | $20.70M | 4.0% |
| 2000 | $406.41M | $18.69M | 4.6% |
| 1999 | $334.50M | $17.90M | 5.4% |
| 1998 | ($334.90M) | $0 | N/A (Loss) |
| 1997 | $99.10M | $5.40M | 5.4% |
| 1996 | $147.30M | $34.20M | 23.2% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Valero Energy Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Valero Energy Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Valero Energy Corporation (VLO)?
- The FCF payout ratio for VLO stock is 24.29%.
- Is Valero Energy Corporation's FCF payout ratio high or low?
- Valero Energy Corporation's FCF payout ratio of 24.29% is in line with its 4-year average of 24.38%, around the middle of its 4-year range (14.34%–38.20%).
- What is the TTM average FCF payout ratio for Valero Energy Corporation (VLO)?
- The TTM average FCF payout ratio for VLO stock is 25.95%.
- What is the 3Y average FCF payout ratio for Valero Energy Corporation (VLO)?
- The 3Y average FCF payout ratio for VLO stock is 20.92%.
- What is the 5Y average FCF payout ratio for Valero Energy Corporation (VLO)?
- The 5Y average FCF payout ratio for VLO stock is 24.38%.
- What is the 10Y average FCF payout ratio for Valero Energy Corporation (VLO)?
- The 10Y average FCF payout ratio for VLO stock is 29.37%.
- What is the 15Y average FCF payout ratio for Valero Energy Corporation (VLO)?
- The 15Y average FCF payout ratio for VLO stock is 24.21%.
- What is the 20Y average FCF payout ratio for Valero Energy Corporation (VLO)?
- The 20Y average FCF payout ratio for VLO stock is 28.04%.
Valero Energy Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 27.93% |
| 2024-12-31 | 23.96% |
| 2023-12-31 | 17.46% |
| 2022-12-31 | 14.34% |
| 2021-12-31 | 38.20% |
| 2018-12-31 | 59.55% |
| 2017-12-31 | 30.27% |
| 2016-12-31 | 31.37% |
| 2015-12-31 | 21.24% |
| 2014-12-31 | 27.11% |
| 2013-12-31 | 13.42% |
| 2012-12-31 | 15.39% |
| 2011-12-31 | 10.04% |
| 2010-12-31 | 8.67% |
| 2008-12-31 | 148.02% |
| 2007-12-31 | 9.04% |
| 2006-12-31 | 5.89% |
| 2005-12-31 | 2.89% |
| 2004-12-31 | 4.77% |
| 2003-12-31 | 11.48% |
| 2001-12-31 | 4.04% |
| 2000-12-31 | 4.60% |
| 1999-12-31 | 5.35% |
| 1997-12-31 | 5.45% |
| 1996-12-31 | 23.22% |
About Valero Energy Corporation
Valero Energy Corporation functions as a global producer and marketer of transportation fuels and petrochemicals, with operations spanning the United States, Canada, the United Kingdom, Ireland, and other international territories. The company organizes its business across three primary divisions: Refining, Renewable Diesel, and Ethanol. Its Refining segment generates a wide array of products, including various types of gasoline (conventional, premium, reformulated, and California Air Resources Board-compliant), diverse diesel fuels (low-sulfur, ultra-low-sulfur, and CARB diesel), jet fuels, blendstocks, asphalts, petrochemicals, and lubricants. This division also handles the sale of lube oils and natural gas liquids. As of the end of 2021, Valero managed 15 petroleum refineries, boasting a combined daily processing capacity of approximately 3.2 million barrels of crude oil. The Ethanol division comprises 12 plants, capable of producing around 1.6 billion gallons of ethanol annually. These facilities also yield co-products such as dry distiller grains, syrup, and inedible corn oil, which are largely supplied to animal feed markets. Valero distributes its refined goods through wholesale rack and bulk channels, in addition to approximately 7,000 branded retail stations operating under names like Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco. Furthermore, Valero contributes to renewable energy production by owning and operating a facility dedicated to converting animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. Supporting its extensive operations, the company maintains a comprehensive logistics network that includes crude oil and refined product pipelines, storage terminals, tanks, marine docks, and truck rack bays. Originally established in 1980 as Valero Refining and Marketing Company, the firm adopted its current name, Valero Energy Corporation, in August 1997. Its corporate headquarters are situated in San Antonio, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- R. Lane Riggs