Aureus
COkay

Valero Energy Corporation(VLO)

C

Financial data as of Dec 31, 2025Improving · Energy

FCF Margin4.1%Free Cash Flow / Revenue
Cash Conversion248.1%Operating CF / Net Income
Free Cash Flow$5.0B
Revenue$122.7B
Net Cash-$7.0BNet debt position
Debt / FCF2.3xManageable debt load
Current Ratio1.65Adequate short-term liquidity
YoY FCF Growth+139.5%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseD
→
+1Strong YoY FCF growth (139.5% YoY)
→
FinalC

Analysis Summary

Strengths

  • Excellent cash conversion (248%)
  • Strong YoY FCF growth (+139.5%)

Concerns

  • Low FCF margin (4.1%)
  • Net debt position ($7.0B) — 2.3x FCF, manageable

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin4.1%
Net Margin1.9%
Operating CF Margin4.7%
CapEx Ratio0.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$7.0BNet debt position
Debt / FCF2.3xManageable debt load
Current Ratio1.65Strong liquidity
Debt / Equity0.49Low leverage

Quarterly FCF Trend

+139.5% YoYImproving (+139.5%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameValero Energy Corporation
SectorEnergy
Free Cash Flow$5.0B
Revenue$122.7B
Net Income$2.3B
Operating Cash Flow$5.8B
Capital Expenditure$796.0M
FCF Margin4.1%
Cash Conversion Rate248.1%
Net Margin1.9%
Total Debt$11.7B
Total Cash$4.7B
Net Cash-$7.0B
Current Ratio1.65
Debt / Equity0.49
Debt / FCF2.3x
YoY FCF Growth+139.5%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeC
Data SourceYahoo Finance