Valvoline Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Valvoline has an operating margin of 22.8%, meaning the company retains $23 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.7% the prior year.
Valvoline's revenue grew 5.6% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 45/100.
Valvoline has elevated debt relative to equity (D/E of 3.10), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Valvoline's current ratio of 0.70 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
While Valvoline generated $297.2M in operating cash flow, capex of $259.2M consumed most of it, leaving $38.0M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.
Valvoline earns a strong 62.3% return on equity (ROE), meaning it generates $62 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 113.9% the prior year.
Valvoline scores 2.48, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($4.9B) relative to total liabilities ($2.3B). This signals moderate financial risk that warrants monitoring.
Valvoline passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Valvoline generates $1.41 in operating cash flow ($297.2M OCF vs $210.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Valvoline earns $5.3 in operating income for every $1 of interest expense ($389.9M vs $74.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Valvoline (VVV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Valvoline generated $1.7B in revenue in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Valvoline's EBITDA was $527.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.4% from the prior year.
Valvoline generated $38.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 6.6% from the prior year.
Valvoline reported $210.7M in net income in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Valvoline earned $1.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Valvoline held $51.6M in cash against $1.1B in long-term debt as of fiscal year 2025.
Valvoline had 127M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Valvoline's gross margin was 38.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Valvoline's operating margin was 22.8% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Valvoline's net profit margin was 12.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Valvoline's ROE was 62.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 51.7 percentage points from the prior year.
Valvoline spent $76.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.1% from the prior year.
Valvoline invested $259.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 15.5% from the prior year.
VVV Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $461.8M+5.2% | $439.0M+8.9% | $403.2M-2.7% | $414.3M-1.7% | $421.4M+8.4% | $388.7M+4.1% | $373.4M-0.7% | $376.2M |
| Cost of Revenue | $289.3M+10.7% | $261.4M+3.4% | $252.7M-3.3% | $261.4M+3.0% | $253.9M+4.7% | $242.5M+1.6% | $238.6M+5.8% | $225.5M |
| Gross Profit | $172.5M-2.9% | $177.6M+18.0% | $150.5M-1.6% | $152.9M-8.7% | $167.5M+14.6% | $146.2M+8.5% | $134.8M-10.6% | $150.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $106.8M+24.9% | $85.5M-0.9% | $86.3M+7.3% | $80.4M+4.1% | $77.2M+6.8% | $72.3M-3.0% | $74.5M+13.6% | $65.6M |
| Operating Income | $18.3M-80.7% | $94.7M+41.6% | $66.9M-53.5% | $143.8M+54.0% | $93.4M+22.3% | $76.4M+21.7% | $62.8M-27.4% | $86.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $26.2M+31.0% | $20.0M+58.7% | $12.6M-62.2% | $33.3M+95.9% | $17.0M+21.4% | $14.0M+17.6% | $11.9M-48.0% | $22.9M |
| Net Income | -$32.8M-158.1% | $56.5M+50.3% | $37.6M-59.0% | $91.6M+99.6% | $45.9M+10.9% | $41.4M+29.8% | $31.9M-48.2% | $61.6M |
| EPS (Diluted) | $-0.26-159.1% | $0.44+51.7% | $0.29-59.2% | $0.71+102.9% | $0.35+9.4% | $0.32+33.3% | $0.24-36.8% | $0.38 |
VVV Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B+32.8% | $2.6B+4.4% | $2.5B+4.4% | $2.3B-3.6% | $2.4B-11.7% | $2.8B+2.0% | $2.7B-6.2% | $2.9B |
| Current Assets | $255.2M+6.8% | $239.0M+3.9% | $230.0M+8.1% | $212.7M-16.7% | $255.4M-63.6% | $701.4M-1.3% | $710.6M-24.1% | $936.7M |
| Cash & Equivalents | $69.9M+2.3% | $68.3M+10.3% | $61.9M+3.2% | $60.0M-12.2% | $68.3M-86.2% | $494.5M+17.5% | $420.7M+2.8% | $409.1M |
| Inventory | $48.5M+17.4% | $41.3M-0.5% | $41.5M+9.2% | $38.0M-4.3% | $39.7M+5.9% | $37.5M+19.0% | $31.5M-5.4% | $33.3M |
| Accounts Receivable | $89.6M | N/A | N/A | N/A | $86.4M | N/A | N/A | $81.3M |
| Goodwill | $1.2B+92.3% | $627.4M | N/A | N/A | $615.3M | N/A | N/A | $578.0M |
| Total Liabilities | $3.1B+37.7% | $2.2B+2.0% | $2.2B+4.0% | $2.1B-5.9% | $2.3B-16.6% | $2.7B+2.2% | $2.6B-1.6% | $2.7B |
| Current Liabilities | $363.8M+11.1% | $327.5M+3.8% | $315.6M+4.0% | $303.6M-14.2% | $353.9M-63.3% | $963.7M+203.6% | $317.4M-12.4% | $362.3M |
| Long-Term Debt | $1.6B+54.7% | $1.1B+0.4% | $1.1B+4.2% | $1.0B-5.7% | $1.1B+12.5% | $951.3M-38.9% | $1.6B-0.4% | $1.6B |
| Total Equity | $307.6M-1.9% | $313.6M+26.1% | $248.7M+8.2% | $229.8M+23.8% | $185.6M+208.8% | $60.1M-7.3% | $64.8M-68.1% | $203.2M |
| Retained Earnings | $240.8M-3.1% | $248.6M+29.4% | $192.1M+9.6% | $175.2M+42.2% | $123.2M+30700.0% | $400K+300.0% | -$200K-100.1% | $140.7M |
VVV Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $64.8M-25.4% | $86.9M+84.1% | $47.2M+14.6% | $41.2M-59.3% | $101.3M+48.3% | $68.3M+243.2% | $19.9M+161.8% | $7.6M |
| Capital Expenditures | $57.4M+4.6% | $54.9M+6.0% | $51.8M-3.4% | $53.6M-24.9% | $71.4M+59.0% | $44.9M+6.1% | $42.3M-22.5% | $54.6M |
| Free Cash Flow | $7.4M-76.9% | $32.0M+795.7% | -$4.6M+62.9% | -$12.4M-141.5% | $29.9M+27.8% | $23.4M+204.5% | -$22.4M+52.3% | -$47.0M |
| Investing Cash Flow | -$631.4M-668.1% | -$82.2M-53.1% | -$53.7M-183.9% | $64.0M+360.2% | -$24.6M-142.2% | $58.3M-66.2% | $172.3M+879.0% | $17.6M |
| Financing Cash Flow | $584.7M+72987.5% | $800K-90.4% | $8.3M+107.4% | -$112.7M-52.5% | -$73.9M-39.7% | -$52.9M+71.4% | -$184.7M-33.7% | -$138.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Share Buybacks | $0 | $0-100.0% | $31.1M-31.9% | $45.7M+213.0% | $14.6M-64.0% | $40.5M-76.4% | $171.7M+32.8% | $129.3M |
VVV Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.4%-3.1pp | 40.5%+3.1pp | 37.3%+0.4pp | 36.9%-2.8pp | 39.8%+2.1pp | 37.6%+1.5pp | 36.1%-4.0pp | 40.1% |
| Operating Margin | 4.0%-17.6pp | 21.6%+5.0pp | 16.6%-18.1pp | 34.7%+12.6pp | 22.2%+2.5pp | 19.7%+2.8pp | 16.8%-6.2pp | 23.0% |
| Net Margin | -7.1%-20.0pp | 12.9%+3.5pp | 9.3%-12.8pp | 22.1%+11.2pp | 10.9%+0.2pp | 10.7%+2.1pp | 8.5%-7.8pp | 16.4% |
| Return on Equity | N/A | 18.0%+2.9pp | 15.1%-24.7pp | 39.9%-3.2pp | 43.1%-25.8pp | 68.9%+19.7pp | 49.2%+27.7pp | 21.6% |
| Return on Assets | -1.0%-3.2pp | 2.2%+0.7pp | 1.5%-2.4pp | 3.9%+2.0pp | 1.9%+0.4pp | 1.5%+0.3pp | 1.2%-0.9pp | 2.1% |
| Current Ratio | 0.70-0.0 | 0.730.0 | 0.73+0.0 | 0.70-0.0 | 0.720.0 | 0.73-1.5 | 2.24-0.3 | 2.59 |
| Debt-to-Equity | 5.31+1.9 | 3.37-0.9 | 4.23-0.2 | 4.39-1.4 | 5.77-10.1 | 15.83-8.2 | 24.02+16.3 | 7.69 |
| FCF Margin | 1.6%-5.7pp | 7.3%+8.4pp | -1.1%+1.8pp | -3.0%-5.3pp | 2.3%-3.7pp | 6.0%+12.0pp | -6.0%+48.5pp | -54.5% |
Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Valvoline's annual revenue?
Valvoline (VVV) reported $1.7B in total revenue for fiscal year 2025. This represents a 5.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Valvoline's revenue growing?
Valvoline (VVV) revenue grew by 5.6% year-over-year, from $1.6B to $1.7B in fiscal year 2025.
Is Valvoline profitable?
Yes, Valvoline (VVV) reported a net income of $210.7M in fiscal year 2025, with a net profit margin of 12.3%.
What is Valvoline's earnings per share (EPS)?
Valvoline (VVV) reported diluted earnings per share of $1.64 for fiscal year 2025. This represents a 1.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Valvoline's EBITDA?
Valvoline (VVV) had EBITDA of $527.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Valvoline have?
As of fiscal year 2025, Valvoline (VVV) had $51.6M in cash and equivalents against $1.1B in long-term debt.
What is Valvoline's gross margin?
Valvoline (VVV) had a gross margin of 38.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Valvoline's operating margin?
Valvoline (VVV) had an operating margin of 22.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Valvoline's net profit margin?
Valvoline (VVV) had a net profit margin of 12.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Valvoline's return on equity (ROE)?
Valvoline (VVV) has a return on equity of 62.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Valvoline's free cash flow?
Valvoline (VVV) generated $38.0M in free cash flow during fiscal year 2025. This represents a -6.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Valvoline's operating cash flow?
Valvoline (VVV) generated $297.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Valvoline's total assets?
Valvoline (VVV) had $2.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Valvoline's capital expenditures?
Valvoline (VVV) invested $259.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Valvoline buy back shares?
Yes, Valvoline (VVV) spent $76.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Valvoline have outstanding?
Valvoline (VVV) had 127M shares outstanding as of fiscal year 2025.
What is Valvoline's current ratio?
Valvoline (VVV) had a current ratio of 0.70 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Valvoline's debt-to-equity ratio?
Valvoline (VVV) had a debt-to-equity ratio of 3.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Valvoline's return on assets (ROA)?
Valvoline (VVV) had a return on assets of 7.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Valvoline's Altman Z-Score?
Valvoline (VVV) has an Altman Z-Score of 2.48, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Valvoline's Piotroski F-Score?
Valvoline (VVV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Valvoline's earnings high quality?
Valvoline (VVV) has an earnings quality ratio of 1.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Valvoline cover its interest payments?
Valvoline (VVV) has an interest coverage ratio of 5.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Valvoline?
Valvoline (VVV) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.