Valvoline (VVV) Financials

$34.03 -0.17 (-0.51%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$34.12 +0.09 (+0.26%)

As of 05/23/2025 07:57 PM Eastern

Annual Income Statements for Valvoline

This table shows Valvoline's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	208	1,454	424	420	317	208	166	304	273	196
Consolidated Net Income / (Loss)	212	1,420	424	420	317	208	166	304	273	196
Net Income / (Loss) Continuing Operations	215	199	109	200	70	208	166	304	273	196
Total Pre-Tax Income	284	237	144	260	123	265	332	490	421	297
Total Operating Income	367	247	220	240	160	398	395	394	396	323
Total Gross Profit	619	545	476	432	301	810	806	776	748	685
Total Revenue	1,619	1,444	1,236	1,037	727	2,390	2,285	2,084	1,929	1,967
Operating Revenue	1,619	1,444	1,236	1,037	727	2,390	2,285	2,084	1,929	1,967
Total Cost of Revenue	1,000	899	760	605	426	1,580	1,479	1,308	1,181	1,282
Operating Cost of Revenue	1,000	899	760	605	426	1,580	1,479	1,308	1,181	1,282
Total Operating Expenses	252	297	256	192	141	412	411	382	352	362
Selling, General & Admin Expense	305	265	245	224	177	449	430	396	365	348
Other Operating Expenses / (Income)	-54	33	11	-32	-36	-37	-19	-14	-13	-8.00
Total Other Income / (Expense), net	-84	-11	-76	20	-37	-133	-63	96	25	-26
Interest Expense	72	38	69	108	92	73	63	42	9.00	0.00
Other Income / (Expense), net	-12	28	-6.90	128	55	-60	0.00	138	34	-26
Income Tax Expense	69	37	35	60	53	57	166	186	148	101
Net Income / (Loss) Discontinued Operations	-3.00	1,220	315	220	247	-	-	-	-	-
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.80	-77	-	3.10	-	-	-	-	-	-
Basic Earnings per Share	$3.26	$17.58	$2.37	$4.60	$1.70	$1.10	$0.84	$1.49	$1.60	$1.15
Weighted Average Basic Shares Outstanding	130.10M	161.60M	179.10M	182.50M	187M	189M	197M	204M	170M	170M
Diluted Earnings per Share	$3.22	$17.46	$2.35	$4.58	$1.69	$1.10	$0.84	$1.49	$1.60	$1.15
Weighted Average Diluted Shares Outstanding	131M	162.60M	180.40M	183.50M	187.50M	189M	197M	204M	170M	170M
Weighted Average Basic & Diluted Shares Outstanding	128.37M	130.65M	174.62M	180.04M	185.27M	188.40M	197.60M	204M	205.30M	-

This table shows Valvoline's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	37	92	92	43	41	32	59	61	1,253	82	158
Consolidated Net Income / (Loss)	38	92	92	46	41	32	49	62	1,227	82	158
Net Income / (Loss) Continuing Operations	38	94	89	48	43	34	75	65	33	27	12
Total Pre-Tax Income	51	127	115	65	57	46	98	87	44	6.90	15
Total Operating Income	67	144	135	93	76	63	70	87	61	29	67
Total Gross Profit	151	153	170	168	146	135	148	151	127	119	129
Total Revenue	403	414	436	421	389	373	390	376	345	333	335
Operating Revenue	403	414	436	421	389	373	390	376	345	333	335
Total Cost of Revenue	253	261	265	254	243	239	242	226	218	214	206
Operating Cost of Revenue	253	261	265	254	243	239	242	226	218	214	206
Total Operating Expenses	84	9.10	36	74	70	72	78	64	66	90	62
Selling, General & Admin Expense	86	83	81	77	72	75	70	66	63	66	62
Other Operating Expenses / (Income)	-2.70	-74	-45	-3.10	-2.50	-2.50	7.80	-1.40	2.90	24	-0.20
Total Other Income / (Expense), net	-16	-17	-19	-28	-19	-17	28	0.90	-17	-22	-53
Interest & Investment Income	-17	-18	-	-25	-16	-14	-	4.60	-13	-19	-
Other Income / (Expense), net	0.90	0.90	-1.30	-3.40	-3.60	-3.40	39	-3.70	-3.60	-3.70	-35
Income Tax Expense	13	33	26	17	14	12	23	23	11	-20	2.10
Net Income / (Loss) Discontinued Operations	-0.70	-2.30	3.20	-2.30	-1.90	-2.00	-26	-2.90	1,194	55	145
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	1.00	-	-	4.70	-	-	-	0.30	-55	-	-
Basic Earnings per Share	$0.58	$0.71	$2.00	$0.70	$0.32	$0.24	$2.05	$0.76	$14.30	$0.47	$0.89
Weighted Average Basic Shares Outstanding	127.60M	128.70M	130.10M	129.40M	129.80M	131.80M	161.60M	161.50M	171.70M	175.20M	179.10M
Diluted Earnings per Share	$0.58	$0.71	$1.96	$0.70	$0.32	$0.24	$2.02	$0.76	$14.22	$0.46	$0.87
Weighted Average Diluted Shares Outstanding	128.20M	129.50M	131M	130.20M	130.70M	132.70M	162.60M	162.50M	172.70M	176.30M	180.40M
Weighted Average Basic & Diluted Shares Outstanding	127.11M	127.10M	128.37M	128.87M	128.85M	129.65M	130.65M	138.66M	165.81M	171.94M	174.62M

This table details how cash moves in and out of Valvoline's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Change in Cash & Equivalents	-344	329	-148	-529	601	63	-105	29	172	0.00
Net Cash From Operating Activities	265	-41	284	404	372	325	320	-130	311	330
Net Cash From Continuing Operating Activities	283	353	134	182	127	325	320	-130	311	330
Net Income / (Loss) Continuing Operations	215	199	109	200	70	208	166	304	273	196
Consolidated Net Income / (Loss)	212	1,420	424	420	317	208	166	304	273	196
Net Income / (Loss) Discontinued Operations	-3.00	1,220	315	220	247	-	-	-	-	-
Depreciation Expense	106	89	71	62	41	61	54	42	38	38
Non-Cash Adjustments To Reconcile Net Income	-27	-18	63	-21	8.70	73	50	-60	-37	48
Changes in Operating Assets and Liabilities, net	-10	82	-109	-59	8.30	-17	50	-416	33	48
Net Cash From Discontinued Operating Activities	-18	-394	150	222	245	-	-	-	-	-
Net Cash From Investing Activities	137	2,044	-208	-400	-223	-188	-213	-135	-148	-26
Net Cash From Continuing Investing Activities	137	-577	-171	-359	-159	-188	-213	-135	-148	-26
Purchase of Property, Plant & Equipment	-224	-181	-132	-103	-94	-108	-93	-68	-66	-45
Acquisitions	-53	-36	-51	-282	-40	-78	-125	-68	-83	-5.00
Purchase of Investments	-3.50	-440	0.00	0.00	-	-	-	-	-	-
Divestitures	72	0.00	0.00	-	-	-	-	-	-	23
Sale and/or Maturity of Investments	350	80	0.00	0.00	-	-	-	-	-	-
Other Investing Activities, net	-4.10	0.00	12	26	-25	-2.00	5.00	1.00	1.00	-
Net Cash From Discontinued Investing Activities	0.00	2,621	-37	-41	-63	-	-	-	-	-
Net Cash From Financing Activities	-746	-1,674	-219	-536	450	-71	-209	295	10	-304
Net Cash From Continuing Financing Activities	-746	-1,566	-263	-526	345	-71	-209	295	10	-304
Repayment of Debt	-720	-940	-54	-836	-945	-743	-116	-90	-637	0.00
Repurchase of Common Equity	-227	-1,525	-143	-127	-60	0.00	-325	-50	0.00	0.00
Payment of Dividends	0.00	-22	-89	-91	-84	-80	-73	-40	0.00	0.00
Issuance of Debt	200	921	23	528	1,435	752	305	470	1,372	-
Net Cash From Discontinued Financing Activities	0.00	-108	44	-9.40	105	-	-	-	-	-
Effect of Exchange Rate Changes	0.00	-0.10	-5.20	2.40	1.70	-3.00	-3.00	-1.00	-1.00	0.00
Cash Interest Paid	78	70	59	62	65	67	53	35	0.00	0.00
Cash Income Taxes Paid	31	374	74	72	44	-	26	26	17	0.00

This table details how cash moves in and out of Valvoline's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1.90	-8.30	2.70	-429	74	7.60	-114	-1,808	2,242	9.10	-16
Net Cash From Operating Activities	47	41	101	76	68	20	7.60	-159	119	-8.70	93
Net Cash From Continuing Operating Activities	52	41	113	78	70	22	103	76	125	49	7.50
Net Income / (Loss) Continuing Operations	38	94	89	48	43	34	75	65	33	27	12
Consolidated Net Income / (Loss)	38	92	92	46	41	32	49	62	1,227	82	158
Net Income / (Loss) Discontinued Operations	-0.70	-2.30	3.20	-2.30	-1.90	-2.00	-26	-2.90	1,194	55	145
Depreciation Expense	28	28	29	27	26	25	28	22	21	19	19
Non-Cash Adjustments To Reconcile Net Income	2.90	-69	-43	9.80	2.90	3.40	-28	3.20	4.20	3.50	49
Changes in Operating Assets and Liabilities, net	-18	-12	38	-7.00	-1.60	-40	28	-13	67	-0.50	-73
Net Cash From Discontinued Operating Activities	-4.60	-0.20	-12	-2.30	-1.90	-2.00	-96	-235	-6.20	-57	86
Net Cash From Investing Activities	-54	64	-25	-69	58	172	18	-501	2,584	-57	-64
Net Cash From Continuing Investing Activities	-54	64	-25	-69	58	172	18	-499	-48	-48	-47
Purchase of Property, Plant & Equipment	-52	-54	-71	-66	-45	-42	-55	-47	-40	-40	-43
Acquisitions	-5.20	-4.40	-25	-6.60	-13	-8.30	-8.50	-8.90	-9.30	-9.60	-8.00
Sale and/or Maturity of Investments	6.00	0.00	2.00	-2.00	120	230	520	-440	-	0.00	-
Other Investing Activities, net	-2.70	1.00	1.60	5.20	-3.80	-7.10	0.80	-2.80	0.90	1.10	3.20
Net Cash From Financing Activities	8.30	-113	-74	-435	-53	-185	-138	-1,148	-460	73	-41
Net Cash From Continuing Financing Activities	8.30	-113	-74	-435	-53	-185	-138	-1,148	-292	13	-78
Repayment of Debt	-11	-92	-59	-635	-12	-13	-8.90	-9.90	-793	-128	-40
Repurchase of Common Equity	-31	-46	-15	-	-41	-172	-129	-1,138	-170	-87	-39
Issuance of Debt	50	25	-	200	-	0.00	0.10	-	671	250	23
Effect of Exchange Rate Changes	0.10	-0.80	-0.10	-0.10	0.10	0.10	-0.70	-0.50	-1.00	2.10	-3.80

This table presents Valvoline's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016
Total Assets	2,439	2,890	3,417	3,191	3,051	2,064	1,854	1,915	1,825
Total Current Assets	255	937	1,621	1,037	1,438	797	725	790	730
Cash & Equivalents	68	409	23	123	760	159	96	201	172
Accounts Receivable	86	81	66	65	433	401	409	385	363
Inventories, net	40	33	29	27	199	194	176	175	139
Prepaid Expenses	61	66	38	27	46	43	44	29	-
Plant, Property, & Equipment, net	959	0.00	0.00	0.00	0.00	0.00	420	391	324
Total Noncurrent Assets	1,225	1,953	1,796	2,154	1,613	1,267	709	734	771
Goodwill	706	681	663	642	529	504	448	335	267
Other Noncurrent Operating Assets	519	1,273	1,133	949	1,006	606	92	88	89
Total Liabilities & Shareholders' Equity	2,439	2,890	3,417	3,191	3,051	2,064	1,854	1,915	1,825
Total Liabilities	2,253	2,687	3,110	3,057	3,127	2,322	2,212	2,032	2,155
Total Current Liabilities	354	362	919	569	444	423	411	478	400
Short-Term Debt	24	24	163	15	0.00	15	30	90	19
Accounts Payable	117	119	45	39	189	171	178	192	177
Accrued Expenses	213	216	173	139	255	237	203	196	204
Total Noncurrent Liabilities	1,899	2,324	2,191	2,488	2,683	1,899	1,801	1,554	1,755
Long-Term Debt	1,070	1,562	1,525	1,640	1,962	1,327	1,292	1,034	724
Noncurrent Employee Benefit Liabilities	176	168	199	245	317	387	333	342	886
Other Noncurrent Operating Liabilities	653	594	466	471	403	185	176	178	143
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	186	203	307	135	-76	-258	-358	-117	-330
Total Preferred & Common Equity	186	203	307	135	-76	-258	-358	-117	-330
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	186	203	307	135	-76	-258	-358	-117	-330
Common Stock	53	49	46	37	26	15	9.00	7.00	712
Retained Earnings	123	141	282	90	-110	-284	-399	-167	0.00
Accumulated Other Comprehensive Income / (Loss)	9.90	13	-21	7.50	8.00	11	32	43	-3.00

This table presents Valvoline's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	12/31/2022	6/30/2022
Total Assets	2,453	2,350	2,376	2,763	2,709	2,986	4,280	3,552	3,348
Total Current Assets	230	213	256	701	711	1,087	2,458	1,701	1,051
Cash & Equivalents	62	60	66	495	421	527	2,335	21	98
Accounts Receivable	86	85	98	110	84	72	61	57	583
Inventories, net	42	38	40	38	32	34	34	31	306
Prepaid Expenses	41	30	53	60	55	30	29	39	64
Plant, Property, & Equipment, net	996	934	927	878	842	762	723	693	874
Total Noncurrent Assets	1,227	1,203	1,192	1,184	1,157	1,137	1,100	1,157	1,423
Goodwill	691	690	694	692	686	678	673	668	804
Other Noncurrent Operating Assets	536	514	498	491	472	459	427	406	571
Total Liabilities & Shareholders' Equity	2,453	2,350	2,376	2,763	2,709	2,986	4,280	3,552	3,348
Total Liabilities	2,204	2,120	2,269	2,703	2,645	2,700	2,908	3,262	3,122
Total Current Liabilities	316	304	351	964	317	406	622	924	641
Short-Term Debt	24	24	24	624	24	24	24	225	61
Accounts Payable	103	88	108	119	77	96	86	47	265
Accrued Expenses	189	192	220	221	216	286	512	175	315
Total Noncurrent Liabilities	1,888	1,816	1,918	1,739	2,327	2,294	2,286	2,338	2,481
Long-Term Debt	1,052	1,009	1,126	951	1,557	1,568	1,573	1,656	1,639
Noncurrent Employee Benefit Liabilities	172	175	168	170	170	202	201	201	229
Other Noncurrent Operating Liabilities	665	633	624	618	600	524	512	481	555
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	249	230	107	60	65	285	1,372	289	226
Total Preferred & Common Equity	249	230	107	60	65	285	1,372	289	226
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	249	230	107	60	65	285	1,372	289	226
Common Stock	54	52	50	47	48	46	44	43	43
Retained Earnings	192	175	46	0.40	-0.20	222	1,310	255	186
Accumulated Other Comprehensive Income / (Loss)	2.50	3.00	10	13	17	17	18	-7.80	-3.00

This table displays calculated financial ratios and metrics derived from Valvoline's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.16%	16.78%	19.18%	42.67%	-69.58%	4.60%	9.64%	8.04%	-1.93%	0.00%
EBITDA Growth	26.90%	27.67%	-33.83%	68.32%	-35.91%	-11.14%	-21.78%	21.61%	40.90%	0.00%
EBIT Growth	29.37%	28.77%	-42.06%	71.22%	-36.36%	-14.43%	-25.75%	23.72%	44.78%	0.00%
NOPAT Growth	33.25%	24.62%	-9.49%	103.84%	-70.98%	58.17%	-19.20%	-4.81%	20.47%	0.00%
Net Income Growth	-85.10%	234.60%	0.95%	32.75%	52.21%	25.30%	-45.39%	11.36%	39.29%	0.00%
EPS Growth	-81.56%	642.98%	-48.69%	171.01%	53.64%	30.95%	-43.62%	-6.88%	39.13%	0.00%
Operating Cash Flow Growth	749.75%	-114.36%	-29.64%	8.66%	14.37%	1.56%	346.15%	-141.80%	-5.76%	0.00%
Free Cash Flow Firm Growth	-52.59%	457.80%	-113.55%	547.42%	-138.84%	89.30%	143.12%	-857.53%	0.00%	0.00%
Invested Capital Growth	16.83%	-0.89%	27.89%	-24.42%	21.44%	6.45%	7.86%	260.93%	0.00%	0.00%
Revenue Q/Q Growth	2.89%	3.93%	693.99%	-11.50%	-68.80%	1.49%	2.10%	2.61%	0.00%	0.00%
EBITDA Q/Q Growth	5.78%	30.51%	69.22%	17.37%	-42.92%	-6.12%	-20.11%	40.34%	0.00%	0.00%
EBIT Q/Q Growth	7.40%	38.37%	74.77%	20.32%	-43.69%	-7.90%	-22.70%	46.15%	0.00%	0.00%
NOPAT Q/Q Growth	21.84%	-4.48%	2,712.23%	19.99%	-71.84%	4.20%	-1.99%	7.34%	0.00%	0.00%
Net Income Q/Q Growth	25.82%	-7.12%	-2.44%	12.50%	42.61%	-7.96%	-26.55%	15.15%	0.00%	0.00%
EPS Q/Q Growth	-1.83%	7.05%	-49.89%	126.73%	42.02%	-6.78%	-25.66%	0.68%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	54.67%	-191.48%	-4.98%	1.82%	-2.70%	-7.93%	401.89%	-146.10%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	384.80%	-79.69%	81.62%	242.99%	-136.50%	28.68%	152.80%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	1.75%	11.93%	-41.24%	-43.33%	10.97%	-3.99%	0.97%	110.30%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.22%	37.72%	38.54%	41.68%	41.40%	33.89%	35.27%	37.24%	38.78%	34.82%
EBITDA Margin	28.50%	25.19%	23.04%	41.50%	35.17%	16.69%	19.65%	27.54%	24.47%	17.03%
Operating Margin	22.68%	17.13%	17.82%	23.15%	22.04%	16.65%	17.29%	18.91%	20.53%	16.42%
EBIT Margin	21.96%	19.04%	17.26%	35.51%	29.59%	14.14%	17.29%	25.53%	22.29%	15.10%
Profit (Net Income) Margin	13.06%	98.35%	34.33%	40.52%	43.55%	8.70%	7.26%	14.59%	14.15%	9.96%
Tax Burden Percent	74.58%	600.30%	294.45%	161.65%	257.40%	78.49%	50.00%	62.04%	64.85%	65.99%
Interest Burden Percent	79.78%	86.06%	67.53%	70.59%	57.18%	78.40%	84.05%	92.11%	97.91%	100.00%
Effective Tax Rate	24.37%	15.69%	24.08%	23.04%	43.41%	21.51%	50.00%	37.96%	35.15%	34.01%
Return on Invested Capital (ROIC)	24.71%	20.02%	17.95%	19.45%	9.19%	36.16%	24.49%	49.33%	238.87%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	17.59%	174.05%	54.09%	45.03%	28.78%	27.25%	21.47%	57.62%	244.82%	0.00%
Return on Net Nonoperating Assets (RNNOA)	84.08%	536.95%	174.43%	1,417.47%	-198.77%	-103.69%	-94.38%	-185.35%	-404.33%	0.00%
Return on Equity (ROE)	108.80%	556.96%	192.38%	1,436.92%	-189.58%	-67.53%	-69.89%	-136.02%	-165.45%	0.00%
Cash Return on Invested Capital (CROIC)	9.19%	20.91%	-6.53%	47.27%	-10.17%	29.91%	16.93%	-63.89%	38.87%	0.00%
Operating Return on Assets (OROA)	13.34%	8.71%	6.46%	11.80%	8.41%	17.25%	20.96%	28.45%	23.56%	0.00%
Return on Assets (ROA)	7.94%	45.02%	12.84%	13.47%	12.38%	10.62%	8.81%	16.26%	14.96%	0.00%
Return on Common Equity (ROCE)	108.80%	556.96%	192.38%	1,436.92%	-189.58%	-67.53%	-69.89%	-136.02%	-165.45%	0.00%
Return on Equity Simple (ROE_SIMPLE)	113.95%	698.67%	138.39%	312.49%	-416.58%	-80.62%	-46.37%	-259.83%	-82.73%	0.00%
Net Operating Profit after Tax (NOPAT)	278	208	167	185	91	312	198	244	257	213
NOPAT Margin	17.15%	14.44%	13.53%	17.82%	12.47%	13.07%	8.64%	11.73%	13.31%	10.84%
Net Nonoperating Expense Percent (NNEP)	7.13%	-154.04%	-36.14%	-25.58%	-19.59%	8.91%	3.02%	-8.28%	-5.95%	0.00%
Cost of Revenue to Revenue	61.78%	62.28%	61.46%	58.32%	58.60%	66.11%	64.73%	62.76%	61.22%	65.18%
SG&A Expenses to Revenue	18.85%	18.32%	19.80%	21.59%	24.37%	18.79%	18.82%	19.00%	18.92%	17.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.54%	20.60%	20.72%	18.53%	19.37%	17.24%	17.99%	18.33%	18.25%	18.40%
Earnings before Interest and Taxes (EBIT)	356	275	213	368	215	338	395	532	430	297
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	461	364	285	430	256	399	449	574	472	335
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	29.06	22.00	14.58	41.11	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.33	3.10	3.62	5.33	4.67	1.63	1.66	2.07	0.00	0.00
Price to Earnings (P/E)	25.90	3.07	10.53	13.18	10.72	18.78	22.79	14.22	0.00	0.00
Dividend Yield	0.00%	1.55%	1.98%	1.63%	2.47%	2.04%	1.50%	0.92%	0.00%	0.00%
Earnings Yield	3.86%	32.53%	9.49%	7.59%	9.33%	5.33%	4.39%	7.03%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.30	5.11	5.86	8.63	4.21	5.67	5.95	6.72	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.96	3.67	4.96	6.81	6.26	2.12	2.18	2.50	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	13.91	14.58	21.53	16.41	17.80	12.67	11.09	9.09	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.06	19.29	28.74	19.17	21.16	14.96	12.60	9.81	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.11	25.43	36.67	38.21	50.20	16.18	25.21	21.34	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.21	0.00	21.58	17.48	12.24	15.55	15.56	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	62.18	24.34	0.00	15.73	0.00	19.56	36.47	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.89	7.81	5.50	12.30	-25.82	-5.20	-3.69	-9.61	-2.25	0.00
Long-Term Debt to Equity	5.77	7.69	4.97	12.19	-25.82	-5.14	-3.61	-8.84	-2.19	0.00
Financial Leverage	4.78	3.08	3.23	31.48	-6.91	-3.81	-4.40	-3.22	-1.65	0.00
Leverage Ratio	13.71	12.37	14.98	106.70	-15.31	-6.36	-7.93	-8.37	-5.53	0.00
Compound Leverage Factor	10.93	10.65	10.12	75.33	-8.76	-4.99	-6.67	-7.71	-5.41	0.00
Debt to Total Capital	85.49%	88.64%	84.63%	92.48%	104.03%	123.80%	137.14%	111.62%	179.90%	0.00%
Short-Term Debt to Total Capital	1.86%	1.33%	8.15%	0.84%	0.00%	1.38%	3.11%	8.94%	4.60%	0.00%
Long-Term Debt to Total Capital	83.63%	87.31%	76.48%	91.64%	104.03%	122.42%	134.02%	102.68%	175.30%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	14.51%	11.36%	15.37%	7.52%	-4.03%	-23.80%	-37.14%	-11.62%	-79.90%	0.00%
Debt to EBITDA	2.37	4.36	5.93	3.84	7.67	3.36	2.94	1.96	1.57	0.00
Net Debt to EBITDA	2.22	2.28	5.84	3.56	4.53	2.88	2.66	1.56	1.15	0.00
Long-Term Debt to EBITDA	2.32	4.30	5.36	3.81	7.67	3.33	2.88	1.80	1.53	0.00
Debt to NOPAT	3.94	7.61	10.09	8.95	21.64	4.30	6.69	4.60	2.89	0.00
Net Debt to NOPAT	3.69	3.98	9.95	8.29	12.77	3.68	6.05	3.65	2.12	0.00
Long-Term Debt to NOPAT	3.85	7.50	9.12	8.87	21.64	4.25	6.54	4.23	2.82	0.00
Altman Z-Score	2.60	2.12	1.79	2.01	1.46	2.73	2.86	3.36	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.72	2.59	1.76	1.82	3.24	1.88	1.76	1.65	1.83	0.00
Quick Ratio	0.44	2.31	0.10	0.33	2.69	1.32	1.23	1.23	1.34	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	103	218	-61	449	-100	258	137	-317	42	0.00
Operating Cash Flow to CapEx	118.14%	-22.60%	215.30%	391.76%	395.43%	300.93%	344.09%	-191.18%	471.21%	750.00%
Free Cash Flow to Firm to Interest Expense	1.44	5.68	-0.88	4.15	-1.09	3.54	2.17	-7.54	4.64	0.00
Operating Cash Flow to Interest Expense	3.69	-1.07	4.10	3.73	4.04	4.45	5.08	-3.10	34.56	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.57	-5.78	2.20	2.78	3.02	2.97	3.60	-4.71	27.22	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.61	0.46	0.37	0.33	0.28	1.22	1.21	1.11	1.06	0.00
Accounts Receivable Turnover	19.31	19.59	18.81	4.16	1.74	5.90	5.76	5.57	5.31	0.00
Inventory Turnover	27.40	28.68	26.75	5.34	2.17	8.54	8.43	8.33	8.50	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	5.64	5.83	5.95	0.00
Accounts Payable Turnover	8.47	10.98	18.17	5.32	2.37	9.05	7.99	7.09	6.67	0.00
Days Sales Outstanding (DSO)	18.90	18.64	19.40	87.68	209.36	61.85	63.42	65.50	68.69	0.00
Days Inventory Outstanding (DIO)	13.32	12.73	13.64	68.31	168.36	42.74	43.31	43.81	42.96	0.00
Days Payable Outstanding (DPO)	43.08	33.23	20.08	68.67	154.23	40.31	45.66	51.49	54.70	0.00
Cash Conversion Cycle (CCC)	-10.86	-1.87	12.96	87.32	223.50	64.28	61.07	57.83	56.94	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,211	1,037	1,046	818	1,082	891	837	776	215	0.00
Invested Capital Turnover	1.44	1.39	1.33	1.09	0.74	2.77	2.83	4.21	17.94	0.00
Increase / (Decrease) in Invested Capital	175	-9.30	228	-264	191	54	61	561	215	0.00
Enterprise Value (EV)	6,419	5,300	6,133	7,061	4,551	5,055	4,979	5,217	0.00	0.00
Market Capitalization	5,393	4,470	4,469	5,529	3,393	3,906	3,784	4,324	0.00	0.00
Book Value per Share	$1.44	$1.47	$1.73	$0.74	($0.41)	($1.37)	($1.88)	($0.58)	($1.94)	$0.00
Tangible Book Value per Share	($4.04)	($3.44)	($2.01)	($2.81)	($3.27)	($4.05)	($4.23)	($2.23)	($3.51)	$0.00
Total Capital	1,279	1,789	1,994	1,789	1,886	1,084	964	1,007	413	0.00
Total Debt	1,094	1,586	1,688	1,655	1,962	1,342	1,322	1,124	743	0.00
Total Long-Term Debt	1,070	1,562	1,525	1,640	1,962	1,327	1,292	1,034	724	0.00
Net Debt	1,026	830	1,664	1,532	1,158	1,149	1,195	893	545	0.00
Capital Expenditures (CapEx)	224	181	132	103	94	108	93	68	66	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-143	-158	841	361	234	230	248	201	177	0.00
Debt-free Net Working Capital (DFNWC)	-75	598	864	483	994	389	344	402	349	0.00
Net Working Capital (NWC)	-99	574	702	468	994	374	314	312	330	0.00
Net Nonoperating Expense (NNE)	66	-1,211	-257	-236	-226	104	32	-60	-16	17
Net Nonoperating Obligations (NNO)	1,026	833	739	683	1,158	1,149	1,195	893	545	0.00
Total Depreciation and Amortization (D&A)	106	89	71	62	41	61	54	42	42	38
Debt-free, Cash-free Net Working Capital to Revenue	-8.83%	-10.97%	68.02%	34.79%	32.19%	9.62%	10.85%	9.64%	9.18%	0.00%
Debt-free Net Working Capital to Revenue	-4.61%	41.44%	69.91%	46.61%	136.73%	16.28%	15.05%	19.29%	18.09%	0.00%
Net Working Capital to Revenue	-6.08%	39.79%	56.77%	45.16%	136.73%	15.65%	13.74%	14.97%	17.11%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.26	$17.58	$0.00	$2.30	$1.70	$1.10	$0.84	$1.49	$1.60	$1.15
Adjusted Weighted Average Basic Shares Outstanding	130.10M	161.60M	0.00	182M	187M	189M	197M	204M	170M	170M
Adjusted Diluted Earnings per Share	$3.22	$17.46	$0.00	$2.29	$1.69	$1.10	$0.84	$1.49	$1.60	$1.15
Adjusted Weighted Average Diluted Shares Outstanding	131M	162.60M	0.00	183M	188M	189M	197M	204M	170M	170M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	128.37M	130.65M	0.00	180.04M	185.27M	188.40M	188.16M	202.53M	205.30M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	278	208	167	185	91	312	198	244	257	228
Normalized NOPAT Margin	17.15%	14.44%	13.53%	17.82%	12.47%	13.07%	8.64%	11.73%	13.31%	11.57%
Pre Tax Income Margin	17.52%	16.38%	11.66%	25.07%	16.92%	11.09%	14.53%	23.51%	21.82%	15.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.94	7.17	3.08	3.40	2.34	4.63	6.27	12.67	47.78	0.00
NOPAT to Interest Expense	3.86	5.44	2.41	1.71	0.98	4.28	3.13	5.82	28.53	0.00
EBIT Less CapEx to Interest Expense	1.82	2.46	1.17	2.45	1.31	3.15	4.79	11.05	40.44	0.00
NOPAT Less CapEx to Interest Expense	0.74	0.73	0.51	0.75	-0.04	2.80	1.66	4.20	21.20	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1.54%	21.02%	21.63%	26.63%	38.46%	43.98%	13.16%	0.00%	0.00%
Augmented Payout Ratio	107.23%	108.94%	54.63%	51.82%	45.51%	38.46%	239.76%	29.61%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Valvoline's official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.73%	10.95%	11.67%	12.01%	12.83%	12.20%	16.28%	18.53%	16.39%	15.84%	130.25%
EBITDA Growth	-2.24%	105.60%	18.41%	11.97%	25.83%	90.48%	163.78%	18.77%	17.07%	-43.61%	180.34%
EBIT Growth	-6.87%	143.60%	22.52%	8.70%	26.39%	132.03%	233.74%	17.78%	17.07%	-58.24%	155.54%
NOPAT Growth	-12.81%	128.37%	93.41%	8.16%	27.02%	-59.46%	-6.42%	39.13%	59.57%	185.60%	156.27%
Net Income Growth	-9.18%	187.15%	88.75%	-25.49%	-96.63%	-61.05%	-68.99%	-37.27%	1,407.74%	-5.86%	-6.30%
EPS Growth	81.25%	195.83%	-2.97%	-7.89%	-97.75%	-47.83%	132.18%	38.18%	3,060.00%	-4.17%	-72.90%
Operating Cash Flow Growth	-30.89%	107.04%	1,232.89%	147.70%	-42.51%	328.74%	-91.83%	-266.14%	85.63%	-127.36%	-13.81%
Free Cash Flow Firm Growth	84.04%	-44.54%	-211.74%	-121.26%	-139.48%	-97.87%	136.97%	415.25%	450.63%	357.58%	-205.28%
Invested Capital Growth	10.68%	8.86%	16.83%	28.53%	79.61%	2.94%	-0.89%	-47.97%	-63.16%	-35.30%	27.89%
Revenue Q/Q Growth	-2.68%	-4.87%	3.35%	8.41%	4.10%	-4.26%	3.67%	9.20%	3.52%	-0.78%	5.67%
EBITDA Q/Q Growth	-44.30%	6.54%	38.67%	18.80%	17.14%	-38.64%	31.13%	33.50%	77.32%	-15.03%	-40.96%
EBIT Q/Q Growth	-53.14%	8.55%	48.11%	23.63%	22.56%	-45.40%	31.40%	43.75%	125.00%	-21.47%	-53.63%
NOPAT Q/Q Growth	-52.58%	2.06%	50.64%	19.60%	24.20%	-13.57%	-15.75%	40.45%	-60.36%	99.51%	25.25%
Net Income Q/Q Growth	-58.95%	-0.76%	101.09%	10.87%	29.78%	-34.76%	-20.62%	-94.98%	1,398.53%	-48.07%	60.59%
EPS Q/Q Growth	-18.31%	-63.78%	180.00%	118.75%	33.33%	-88.12%	165.79%	-94.66%	2,991.30%	-47.13%	58.18%
Operating Cash Flow Q/Q Growth	14.56%	-59.33%	33.99%	10.69%	243.22%	161.84%	104.80%	-233.42%	1,465.52%	-109.35%	-2.52%
Free Cash Flow Firm Q/Q Growth	-965.74%	111.71%	63.88%	56.43%	-3,109.26%	-76.41%	-93.13%	-19.10%	61.99%	510.39%	41.39%
Invested Capital Q/Q Growth	4.95%	-0.68%	1.75%	4.35%	3.23%	6.60%	11.93%	45.82%	-40.83%	2.63%	-41.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.33%	36.91%	39.10%	39.75%	37.61%	36.10%	38.03%	40.06%	36.78%	35.70%	38.49%
EBITDA Margin	23.86%	41.68%	37.22%	27.74%	25.32%	22.50%	35.10%	27.75%	22.70%	13.25%	15.47%
Operating Margin	16.59%	34.71%	30.91%	22.16%	19.66%	16.82%	18.00%	22.99%	17.76%	8.80%	20.04%
EBIT Margin	16.82%	34.93%	30.61%	21.36%	18.73%	15.91%	27.90%	22.01%	16.72%	7.69%	9.72%
Profit (Net Income) Margin	9.33%	22.11%	21.19%	10.89%	10.65%	8.54%	12.54%	16.37%	356.26%	24.61%	47.02%
Tax Burden Percent	73.87%	72.01%	80.05%	70.40%	72.25%	69.65%	49.95%	70.48%	2,770.43%	1,186.96%	1,087.59%
Interest Burden Percent	75.07%	87.91%	86.50%	72.44%	78.71%	77.10%	89.98%	105.56%	76.91%	26.95%	44.48%
Effective Tax Rate	24.75%	26.18%	22.72%	26.07%	24.43%	25.98%	23.39%	26.20%	25.73%	-291.30%	14.48%
Return on Invested Capital (ROIC)	17.40%	36.86%	34.41%	24.36%	25.57%	16.96%	19.12%	17.42%	14.88%	32.32%	22.73%
ROIC Less NNEP Spread (ROIC-NNEP)	16.18%	35.41%	33.15%	21.68%	16.05%	15.36%	18.50%	17.21%	315.33%	29.44%	36.82%
Return on Net Nonoperating Assets (RNNOA)	109.75%	242.00%	158.48%	95.40%	3.85%	79.15%	57.06%	73.88%	157.77%	146.85%	118.75%
Return on Equity (ROE)	127.14%	278.86%	192.88%	119.76%	29.41%	96.11%	76.18%	91.29%	172.64%	179.17%	141.48%
Cash Return on Invested Capital (CROIC)	17.30%	20.73%	9.19%	-3.43%	-31.90%	16.40%	20.91%	79.24%	109.83%	56.72%	-6.53%
Operating Return on Assets (OROA)	10.80%	22.92%	18.60%	12.54%	8.13%	7.54%	12.77%	9.65%	5.91%	2.93%	3.64%
Return on Assets (ROA)	5.99%	14.51%	12.88%	6.39%	4.62%	4.05%	5.74%	7.18%	125.88%	9.37%	17.59%
Return on Common Equity (ROCE)	127.14%	278.86%	192.88%	119.76%	29.41%	96.11%	76.18%	91.29%	172.64%	179.17%	141.48%
Return on Equity Simple (ROE_SIMPLE)	107.52%	118.02%	0.00%	157.84%	305.82%	2,113.73%	0.00%	535.56%	114.04%	144.90%	0.00%
Net Operating Profit after Tax (NOPAT)	50	106	104	69	58	46	54	64	45	115	57
NOPAT Margin	12.48%	25.62%	23.88%	16.39%	14.85%	12.45%	13.79%	16.97%	13.19%	34.45%	17.13%
Net Nonoperating Expense Percent (NNEP)	1.22%	1.45%	1.26%	2.68%	9.52%	1.60%	0.62%	0.20%	-300.46%	2.88%	-14.09%
Return On Investment Capital (ROIC_SIMPLE)	3.80%	8.41%	-	-	-	2.83%	-	-	-	-	-
Cost of Revenue to Revenue	62.67%	63.09%	60.90%	60.25%	62.39%	63.90%	61.97%	59.94%	63.22%	64.30%	61.51%
SG&A Expenses to Revenue	21.40%	19.99%	18.62%	18.32%	18.60%	19.95%	18.03%	17.44%	18.17%	19.83%	18.52%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.73%	2.20%	8.20%	17.58%	17.96%	19.28%	20.03%	17.07%	19.01%	26.89%	18.46%
Earnings before Interest and Taxes (EBIT)	68	145	133	90	73	59	109	83	58	26	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	96	173	162	117	98	84	137	104	78	44	52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.79	20.21	29.06	52.27	96.15	80.42	22.00	21.79	4.38	19.71	14.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.59	0.00	0.00
Price to Revenue (P/Rev)	2.64	2.80	3.33	3.54	3.78	3.51	3.10	4.48	4.52	4.45	3.62
Price to Earnings (P/E)	16.78	17.34	25.90	31.86	30.00	3.71	3.07	4.00	3.78	13.60	10.53
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.55%	1.33%	1.43%	1.53%	1.98%
Earnings Yield	5.96%	5.77%	3.86%	3.14%	3.33%	26.95%	32.53%	24.97%	26.48%	7.35%	9.49%
Enterprise Value to Invested Capital (EV/IC)	4.31	4.67	5.30	5.59	6.01	5.66	5.11	7.41	8.30	7.04	5.86
Enterprise Value to Revenue (EV/Rev)	3.25	3.38	3.96	4.23	4.49	4.21	3.67	4.94	3.96	5.90	4.96
Enterprise Value to EBITDA (EV/EBITDA)	9.93	10.21	13.91	15.25	16.19	15.49	14.58	24.62	20.11	30.16	21.53
Enterprise Value to EBIT (EV/EBIT)	12.48	12.74	18.06	20.09	21.18	20.26	19.29	34.54	28.32	42.55	28.74
Enterprise Value to NOPAT (EV/NOPAT)	16.49	16.67	23.11	29.17	30.85	29.73	25.43	31.44	25.50	39.95	36.67
Enterprise Value to Operating Cash Flow (EV/OCF)	20.50	19.61	24.21	38.80	0.00	0.00	0.00	153.82	17.66	31.03	21.58
Enterprise Value to Free Cash Flow (EV/FCFF)	26.16	23.49	62.18	0.00	0.00	34.99	24.34	6.40	4.07	9.76	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.33	4.50	5.89	10.79	26.21	24.39	7.81	5.58	1.16	6.50	5.50
Long-Term Debt to Equity	4.23	4.39	5.77	10.57	15.83	24.02	7.69	5.49	1.15	5.72	4.97
Financial Leverage	6.78	6.83	4.78	4.40	0.24	5.15	3.08	4.29	0.50	4.99	3.23
Leverage Ratio	16.89	17.17	13.71	13.68	4.92	17.68	12.37	12.38	4.79	14.76	14.98
Compound Leverage Factor	12.68	15.10	11.85	9.91	3.87	13.63	11.13	13.07	3.68	3.98	6.66
Debt to Total Capital	81.22%	81.80%	85.49%	91.52%	96.32%	96.06%	88.64%	84.79%	53.79%	86.67%	84.63%
Short-Term Debt to Total Capital	1.80%	1.88%	1.86%	1.89%	38.15%	1.45%	1.33%	1.26%	0.80%	10.35%	8.15%
Long-Term Debt to Total Capital	79.42%	79.92%	83.63%	89.63%	58.18%	94.62%	87.31%	83.53%	52.98%	76.32%	76.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	18.78%	18.20%	14.51%	8.48%	3.68%	3.94%	11.36%	15.21%	46.22%	13.33%	15.37%
Debt to EBITDA	1.96	1.88	2.37	2.64	3.72	3.92	4.36	5.71	6.09	7.50	5.93
Net Debt to EBITDA	1.85	1.77	2.22	2.48	2.55	2.58	2.28	2.30	-2.81	7.42	5.84
Long-Term Debt to EBITDA	1.92	1.83	2.32	2.58	2.25	3.86	4.30	5.63	6.00	6.61	5.36
Debt to NOPAT	3.26	3.06	3.94	5.04	7.08	7.52	7.61	7.29	7.73	9.94	10.09
Net Debt to NOPAT	3.07	2.89	3.69	4.75	4.86	4.95	3.98	2.94	-3.57	9.83	9.95
Long-Term Debt to NOPAT	3.19	2.99	3.85	4.94	4.28	7.40	7.50	7.19	7.61	8.75	9.12
Altman Z-Score	2.05	2.28	2.30	2.24	1.81	1.98	1.93	2.32	2.54	1.80	1.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.70	0.72	0.73	0.73	2.24	2.59	2.68	3.95	1.84	1.76
Quick Ratio	0.47	0.48	0.44	0.46	0.63	1.97	2.31	2.52	3.85	0.08	0.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-71	8.25	-70	-195	-448	15	63	918	1,134	700	-171
Operating Cash Flow to CapEx	91.12%	76.87%	141.88%	114.89%	152.12%	47.04%	13.92%	-340.86%	300.76%	-21.80%	218.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.66	0.61	0.59	0.43	0.47	0.46	0.44	0.35	0.38	0.37
Accounts Receivable Turnover	17.11	19.74	19.31	18.58	17.91	21.14	19.59	4.24	4.26	4.37	18.81
Inventory Turnover	26.16	29.44	27.40	26.29	26.71	29.46	28.68	5.08	5.35	5.41	26.75
Fixed Asset Turnover	1.79	1.87	0.00	1.86	1.91	1.93	0.00	1.70	1.70	1.69	0.00
Accounts Payable Turnover	9.34	12.36	8.47	9.57	9.27	14.92	10.98	4.78	5.11	6.04	18.17
Days Sales Outstanding (DSO)	21.33	18.49	18.90	19.65	20.38	17.27	18.64	86.05	85.63	83.57	19.40
Days Inventory Outstanding (DIO)	13.95	12.40	13.32	13.88	13.66	12.39	12.73	71.87	68.24	67.46	13.64
Days Payable Outstanding (DPO)	39.09	29.52	43.08	38.14	39.38	24.46	33.23	76.37	71.39	60.47	20.08
Cash Conversion Cycle (CCC)	-3.81	1.37	-10.86	-4.61	-5.33	5.19	-1.87	81.55	82.48	90.57	12.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,263	1,203	1,211	1,190	1,141	1,105	1,037	926	635	1,073	1,046
Invested Capital Turnover	1.39	1.44	1.44	1.49	1.72	1.36	1.39	1.03	1.13	0.94	1.33
Increase / (Decrease) in Invested Capital	122	98	175	264	506	32	-9.30	-854	-1,089	-586	228
Enterprise Value (EV)	5,438	5,618	6,419	6,650	6,859	6,251	5,300	6,860	5,270	7,561	6,133
Market Capitalization	4,424	4,645	5,393	5,567	5,778	5,211	4,470	6,219	6,007	5,701	4,469
Book Value per Share	$1.96	$1.79	$1.44	$0.83	$0.46	$0.49	$1.47	$1.72	$7.98	$1.66	$1.73
Tangible Book Value per Share	($3.48)	($3.58)	($4.04)	($4.56)	($4.88)	($4.71)	($3.44)	($2.37)	$4.07	($2.17)	($2.01)
Total Capital	1,324	1,263	1,279	1,256	1,635	1,645	1,789	1,877	2,970	2,170	1,994
Total Debt	1,076	1,033	1,094	1,150	1,575	1,581	1,586	1,592	1,597	1,881	1,688
Total Long-Term Debt	1,052	1,009	1,070	1,126	951	1,557	1,562	1,568	1,573	1,656	1,525
Net Debt	1,014	973	1,026	1,084	1,081	1,040	830	641	-737	1,860	1,664
Capital Expenditures (CapEx)	52	54	71	66	45	42	55	47	40	40	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-124	-127	-143	-137	-133	-123	-158	-246	-474	981	841
Debt-free Net Working Capital (DFNWC)	-62	-67	-75	-71	362	417	598	705	1,860	1,002	864
Net Working Capital (NWC)	-86	-91	-99	-95	-262	393	574	681	1,837	777	702
Net Nonoperating Expense (NNE)	13	15	12	23	16	15	4.88	2.24	-1,182	33	-100
Net Nonoperating Obligations (NNO)	1,014	973	1,026	1,084	1,081	1,040	833	641	-737	784	739
Total Depreciation and Amortization (D&A)	28	28	29	27	26	25	28	22	21	19	19
Debt-free, Cash-free Net Working Capital to Revenue	-7.39%	-7.66%	-8.83%	-8.70%	-8.70%	-8.31%	-10.97%	-17.70%	-35.65%	76.51%	68.02%
Debt-free Net Working Capital to Revenue	-3.69%	-4.04%	-4.61%	-4.52%	23.65%	28.10%	41.44%	50.75%	139.86%	78.14%	69.91%
Net Working Capital to Revenue	-5.11%	-5.48%	-6.08%	-6.04%	-17.16%	26.49%	39.79%	49.05%	138.07%	60.63%	56.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.58	$0.71	$2.00	$0.70	$0.32	$0.24	$2.05	$0.38	$7.15	$0.47	$0.89
Adjusted Weighted Average Basic Shares Outstanding	127.60M	128.70M	130.10M	129.40M	129.80M	131.80M	161.60M	161.50M	171.70M	175.20M	179.10M
Adjusted Diluted Earnings per Share	$0.58	$0.71	$1.96	$0.70	$0.32	$0.24	$2.02	$0.38	$7.11	$0.46	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	128.20M	129.50M	131M	130.20M	130.70M	132.70M	162.60M	162.50M	172.70M	176.30M	180.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	127.11M	127.10M	128.37M	128.87M	128.85M	129.65M	130.65M	138.66M	165.81M	171.94M	174.62M
Normalized Net Operating Profit after Tax (NOPAT)	50	106	104	69	58	46	54	64	45	21	57
Normalized NOPAT Margin	12.48%	25.62%	23.88%	16.39%	14.85%	12.45%	13.79%	16.97%	13.19%	6.16%	17.13%
Pre Tax Income Margin	12.62%	30.70%	26.48%	15.47%	14.74%	12.27%	25.10%	23.23%	12.86%	2.07%	4.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.54%	2.87%	4.22%	21.11%	21.02%
Augmented Payout Ratio	34.18%	37.17%	107.23%	203.15%	805.01%	117.48%	108.94%	96.73%	25.54%	68.46%	54.63%

Frequently Asked Questions About Valvoline's Financials

When does Valvoline's fiscal year end?

According to the most recent income statement we have on file, Valvoline's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Valvoline's net income changed over the last 9 years?

Valvoline's net income appears to be on an upward trend, with a most recent value of $211.50 million in 2024, rising from $196 million in 2015. The previous period was $1.42 billion in 2023. Find out what analysts predict for Valvoline in the coming months.

What is Valvoline's operating income?

Valvoline's total operating income in 2024 was $367.20 million, based on the following breakdown:

Total Gross Profit: $618.80 million
Total Operating Expenses: $251.60 million

How has Valvoline revenue changed over the last 9 years?

Over the last 9 years, Valvoline's total revenue changed from $1.97 billion in 2015 to $1.62 billion in 2024, a change of -17.7%.

How much debt does Valvoline have?

Valvoline's total liabilities were at $2.25 billion at the end of 2024, a 16.1% decrease from 2023, and a 4.6% increase since 2016.

How much cash does Valvoline have?

In the past 8 years, Valvoline's cash and equivalents has ranged from $23.40 million in 2022 to $760 million in 2020, and is currently $68.30 million as of their latest financial filing in 2024.

How has Valvoline's book value per share changed over the last 9 years?

Over the last 9 years, Valvoline's book value per share changed from 0.00 in 2015 to 1.44 in 2024, a change of 144.0%.

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This page (NYSE:VVV) was last updated on 5/25/2025 by MarketBeat.com Staff

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Valvoline (VVV) Financials

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