Valvoline (VVV) Financials

$34.08 +0.32 (+0.94%)

As of 09:36 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	196	273	304	166	208	317	420	424	1,454	208
Consolidated Net Income / (Loss)	196	273	304	166	208	317	420	424	1,420	212
Net Income / (Loss) Continuing Operations	196	273	304	166	208	70	200	109	199	215
Total Pre-Tax Income	297	421	490	332	265	123	260	144	237	284
Total Operating Income	323	396	394	395	398	160	240	220	247	367
Total Gross Profit	685	748	776	806	810	301	432	476	545	619
Total Revenue	1,967	1,929	2,084	2,285	2,390	727	1,037	1,236	1,444	1,619
Operating Revenue	1,967	1,929	2,084	2,285	2,390	727	1,037	1,236	1,444	1,619
Total Cost of Revenue	1,282	1,181	1,308	1,479	1,580	426	605	760	899	1,000
Operating Cost of Revenue	1,282	1,181	1,308	1,479	1,580	426	605	760	899	1,000
Total Operating Expenses	362	352	382	411	412	141	192	256	297	252
Selling, General & Admin Expense	348	365	396	430	449	177	224	245	265	305
Other Operating Expenses / (Income)	-8.00	-13	-14	-19	-37	-36	-32	11	33	-54
Total Other Income / (Expense), net	-26	25	96	-63	-133	-37	20	-76	-11	-84
Interest Expense	0.00	9.00	42	63	73	92	108	69	38	72
Other Income / (Expense), net	-26	34	138	0.00	-60	55	128	-6.90	28	-12
Income Tax Expense	101	148	186	166	57	53	60	35	37	69
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	247	220	315	1,220	-3.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	3.10	-	-77	0.80
Basic Earnings per Share	$1.15	$1.60	$1.49	$0.84	$1.10	$1.70	$4.60	$2.37	$17.58	$3.26
Weighted Average Basic Shares Outstanding	170M	170M	204M	197M	189M	187M	182.50M	179.10M	161.60M	130.10M
Diluted Earnings per Share	$1.15	$1.60	$1.49	$0.84	$1.10	$1.69	$4.58	$2.35	$17.46	$3.22
Weighted Average Diluted Shares Outstanding	170M	170M	204M	197M	189M	187.50M	183.50M	180.40M	162.60M	131M
Weighted Average Basic & Diluted Shares Outstanding	-	205.30M	204M	197.60M	188.40M	185.27M	180.04M	174.62M	130.65M	128.37M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	98	158	82	1,253	61	59	32	41	43	92	92
Consolidated Net Income / (Loss)	98	158	82	1,227	62	49	32	41	46	92	92
Net Income / (Loss) Continuing Operations	40	12	27	33	65	75	34	43	48	89	94
Total Pre-Tax Income	53	15	6.90	44	87	98	46	57	65	115	127
Total Operating Income	61	67	29	61	87	70	63	76	93	135	144
Total Gross Profit	128	129	119	127	151	148	135	146	168	170	153
Total Revenue	317	335	333	345	376	390	373	389	421	436	414
Operating Revenue	317	335	333	345	376	390	373	389	421	436	414
Total Cost of Revenue	190	206	214	218	226	242	239	243	254	265	261
Operating Cost of Revenue	190	206	214	218	226	242	239	243	254	265	261
Total Operating Expenses	67	62	90	66	64	78	72	70	74	36	9.10
Selling, General & Admin Expense	59	62	66	63	66	70	75	72	77	81	83
Other Operating Expenses / (Income)	7.50	-0.20	24	2.90	-1.40	7.80	-2.50	-2.50	-3.10	-45	-74
Total Other Income / (Expense), net	-8.10	-53	-22	-17	0.90	28	-17	-19	-28	-19	-17
Interest & Investment Income	-17	-	-19	-13	4.60	-	-14	-16	-25	-	-18
Other Income / (Expense), net	9.20	-35	-3.70	-3.60	-3.70	39	-3.40	-3.60	-3.40	-1.30	0.90
Income Tax Expense	13	2.10	-20	11	23	23	12	14	17	26	33
Net Income / (Loss) Discontinued Operations	58	145	55	1,194	-2.90	-26	-2.00	-1.90	-2.30	3.20	-2.30
Basic Earnings per Share	$0.55	$0.89	$0.47	$14.30	$0.76	$2.05	$0.24	$0.32	$0.70	$2.00	$0.71
Weighted Average Basic Shares Outstanding	178.60M	179.10M	175.20M	171.70M	161.50M	161.60M	131.80M	129.80M	129.40M	130.10M	128.70M
Diluted Earnings per Share	$0.55	$0.87	$0.46	$14.22	$0.76	$2.02	$0.24	$0.32	$0.70	$1.96	$0.71
Weighted Average Diluted Shares Outstanding	179.80M	180.40M	176.30M	172.70M	162.50M	162.60M	132.70M	130.70M	130.20M	131M	129.50M
Weighted Average Basic & Diluted Shares Outstanding	177.02M	174.62M	171.94M	165.81M	138.66M	130.65M	129.65M	128.85M	128.87M	128.37M	127.10M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-21	-16	9.10	2,242	-1,808	-114	7.60	74	-429	2.70	-8.30
Net Cash From Operating Activities	95	93	-8.70	119	-159	7.60	20	68	76	101	41
Net Cash From Continuing Operating Activities	80	7.50	49	125	76	103	22	70	78	113	41
Net Income / (Loss) Continuing Operations	40	12	27	33	65	75	34	43	48	89	94
Consolidated Net Income / (Loss)	98	158	82	1,227	62	49	32	41	46	92	92
Net Income / (Loss) Discontinued Operations	58	145	55	1,194	-2.90	-26	-2.00	-1.90	-2.30	3.20	-2.30
Depreciation Expense	18	19	19	21	22	28	25	26	27	29	28
Non-Cash Adjustments To Reconcile Net Income	4.40	49	3.50	4.20	3.20	-28	3.40	2.90	9.80	-43	-69
Changes in Operating Assets and Liabilities, net	18	-73	-0.50	67	-13	28	-40	-1.60	-7.00	38	-12
Net Cash From Discontinued Operating Activities	15	86	-57	-6.20	-235	-96	-2.00	-1.90	-2.30	-12	-0.20
Net Cash From Investing Activities	-59	-64	-57	2,584	-501	18	172	58	-69	-25	64
Net Cash From Continuing Investing Activities	-49	-47	-48	-48	-499	18	172	58	-69	-25	64
Purchase of Property, Plant & Equipment	-32	-43	-40	-40	-47	-55	-42	-45	-66	-71	-54
Acquisitions	-19	-8.00	-9.60	-9.30	-8.90	-8.50	-8.30	-13	-6.60	-25	-4.40
Divestitures	-	-	-	-	-	-	0.00	-	-	-	121
Sale and/or Maturity of Investments	-	-	0.00	-	-440	520	230	120	-2.00	2.00	0.00
Other Investing Activities, net	2.50	3.20	1.10	0.90	-2.80	0.80	-7.10	-3.80	5.20	1.60	1.00
Net Cash From Discontinued Investing Activities	-11	-17	-8.40	2,632	-2.20	-0.10	0.00	-	-	-	0.00
Net Cash From Financing Activities	-55	-41	73	-460	-1,148	-138	-185	-53	-435	-74	-113
Net Cash From Continuing Financing Activities	-62	-78	13	-292	-1,148	-138	-185	-53	-435	-74	-113
Repayment of Debt	-3.00	-40	-128	-793	-9.90	-8.90	-13	-12	-635	-59	-92
Repurchase of Common Equity	-37	-39	-87	-170	-1,138	-129	-172	-41	-	-15	-46
Issuance of Debt	-	23	250	671	-	0.10	0.00	-	200	-	25
Net Cash From Discontinued Financing Activities	7.80	37	60	-168	-	-	0.00	-	-	-	0.00
Effect of Exchange Rate Changes	-2.10	-3.80	2.10	-1.00	-0.50	-0.70	0.10	0.10	-0.10	-0.10	-0.80

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

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-59.92%	130.25%	15.84%	16.39%	18.53%	16.28%	12.20%	12.83%	12.01%	11.67%	10.95%
EBITDA Growth	-47.99%	180.34%	-43.61%	17.07%	18.77%	163.78%	90.48%	25.83%	11.97%	18.41%	105.60%
EBIT Growth	-51.52%	155.54%	-58.24%	17.07%	17.78%	233.74%	132.03%	26.39%	8.70%	22.52%	143.60%
NOPAT Growth	-53.78%	156.27%	185.60%	59.57%	39.13%	-6.42%	-59.46%	27.02%	8.16%	93.41%	128.37%
Net Income Growth	1.24%	-6.30%	-5.86%	1,407.74%	-37.27%	-68.99%	-61.05%	-96.63%	-25.49%	88.75%	187.15%
EPS Growth	3.77%	-72.90%	-4.17%	3,060.00%	38.18%	132.18%	-47.83%	-97.75%	-7.89%	-2.97%	195.83%
Operating Cash Flow Growth	-10.00%	-13.81%	-127.36%	85.63%	-266.14%	-91.83%	328.74%	-42.51%	147.70%	1,232.89%	107.04%
Free Cash Flow Firm Growth	21.05%	-205.28%	357.58%	450.63%	415.25%	136.97%	-97.87%	-139.48%	-121.26%	-211.74%	-44.54%
Invested Capital Growth	23.35%	27.89%	-35.30%	-63.16%	-47.97%	-0.89%	2.94%	79.61%	28.53%	16.83%	8.86%
Revenue Q/Q Growth	7.23%	5.67%	-0.78%	3.52%	9.20%	3.67%	-4.26%	4.10%	8.41%	3.35%	-4.87%
EBITDA Q/Q Growth	31.59%	-40.96%	-15.03%	77.32%	33.50%	31.13%	-38.64%	17.14%	18.80%	38.67%	6.54%
EBIT Q/Q Growth	42.89%	-53.63%	-21.47%	125.00%	43.75%	31.40%	-45.40%	22.56%	23.63%	48.11%	8.55%
NOPAT Q/Q Growth	61.09%	25.25%	99.51%	-60.36%	40.45%	-15.75%	-13.57%	24.20%	19.60%	50.64%	2.06%
Net Income Q/Q Growth	20.64%	60.59%	-48.07%	1,398.53%	-94.98%	-20.62%	-34.76%	29.78%	10.87%	101.09%	-0.76%
EPS Q/Q Growth	22.22%	58.18%	-47.13%	2,991.30%	-94.66%	165.79%	-88.12%	33.33%	118.75%	180.00%	-63.78%
Operating Cash Flow Q/Q Growth	49.06%	-2.52%	-109.35%	1,465.52%	-233.42%	104.80%	161.84%	243.22%	10.69%	33.99%	-59.33%
Free Cash Flow Firm Q/Q Growth	10.01%	41.39%	510.39%	61.99%	-19.10%	-93.13%	-76.41%	-3,109.26%	56.43%	63.88%	111.71%
Invested Capital Q/Q Growth	3.25%	-41.24%	2.63%	-40.83%	45.82%	11.93%	6.60%	3.23%	4.35%	1.75%	-0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.26%	38.49%	35.70%	36.78%	40.06%	38.03%	36.10%	37.61%	39.75%	39.10%	36.91%
EBITDA Margin	27.69%	15.47%	13.25%	22.70%	27.75%	35.10%	22.50%	25.32%	27.74%	37.22%	41.68%
Operating Margin	19.25%	20.04%	8.80%	17.76%	22.99%	18.00%	16.82%	19.66%	22.16%	30.91%	34.71%
EBIT Margin	22.15%	9.72%	7.69%	16.72%	22.01%	27.90%	15.91%	18.73%	21.36%	30.61%	34.93%
Profit (Net Income) Margin	30.94%	47.02%	24.61%	356.26%	16.37%	12.54%	8.54%	10.65%	10.89%	21.19%	22.11%
Tax Burden Percent	185.28%	1,087.59%	1,186.96%	2,770.43%	70.48%	49.95%	69.65%	72.25%	70.40%	80.05%	72.01%
Interest Burden Percent	75.39%	44.48%	26.95%	76.91%	105.56%	89.98%	77.10%	78.71%	72.44%	86.50%	87.91%
Effective Tax Rate	24.91%	14.48%	-291.30%	25.73%	26.20%	23.39%	25.98%	24.43%	26.07%	22.72%	26.18%
Return on Invested Capital (ROIC)	0.00%	22.73%	32.32%	14.88%	17.42%	19.12%	16.96%	25.57%	24.36%	34.41%	36.86%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	36.82%	29.44%	315.33%	17.21%	18.50%	15.36%	16.05%	21.68%	33.15%	35.41%
Return on Net Nonoperating Assets (RNNOA)	0.00%	118.75%	146.85%	157.77%	73.88%	57.06%	79.15%	3.85%	95.40%	158.48%	242.00%
Return on Equity (ROE)	349.32%	141.48%	179.17%	172.64%	91.29%	76.18%	96.11%	29.41%	119.76%	192.88%	278.86%
Cash Return on Invested Capital (CROIC)	-20.54%	-6.53%	56.72%	109.83%	79.24%	20.91%	16.40%	-31.90%	-3.43%	9.19%	20.73%
Operating Return on Assets (OROA)	0.00%	3.64%	2.93%	5.91%	9.65%	12.77%	7.54%	8.13%	12.54%	18.60%	22.92%
Return on Assets (ROA)	0.00%	17.59%	9.37%	125.88%	7.18%	5.74%	4.05%	4.62%	6.39%	12.88%	14.51%
Return on Common Equity (ROCE)	349.32%	141.48%	179.17%	172.64%	91.29%	76.18%	96.11%	29.41%	119.76%	192.88%	278.86%
Return on Equity Simple (ROE_SIMPLE)	192.43%	0.00%	144.90%	114.04%	535.56%	0.00%	2,113.73%	305.82%	157.84%	0.00%	118.02%
Net Operating Profit after Tax (NOPAT)	46	57	115	45	64	54	46	58	69	104	106
NOPAT Margin	14.46%	17.13%	34.45%	13.19%	16.97%	13.79%	12.45%	14.85%	16.39%	23.88%	25.62%
Net Nonoperating Expense Percent (NNEP)	-3.52%	-14.09%	2.88%	-300.46%	0.20%	0.62%	1.60%	9.52%	2.68%	1.26%	1.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.83%	-	-	-	8.41%
Cost of Revenue to Revenue	59.74%	61.51%	64.30%	63.22%	59.94%	61.97%	63.90%	62.39%	60.25%	60.90%	63.09%
SG&A Expenses to Revenue	18.65%	18.52%	19.83%	18.17%	17.44%	18.03%	19.95%	18.60%	18.32%	18.62%	19.99%
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	21.01%	18.46%	26.89%	19.01%	17.07%	20.03%	19.28%	17.96%	17.58%	8.20%	2.20%
Earnings before Interest and Taxes (EBIT)	70	33	26	58	83	109	59	73	90	133	145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	88	52	44	78	104	137	84	98	117	162	173
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	22.55	14.58	19.71	4.38	21.79	22.00	80.42	96.15	52.27	29.06	20.21
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	8.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	3.62	4.45	4.52	4.48	3.10	3.51	3.78	3.54	3.33	2.80
Price to Earnings (P/E)	11.74	10.53	13.60	3.78	4.00	3.07	3.71	30.00	31.86	25.90	17.34
Dividend Yield	1.75%	1.98%	1.53%	1.43%	1.33%	1.55%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.52%	9.49%	7.35%	26.48%	24.97%	32.53%	26.95%	3.33%	3.14%	3.86%	5.77%
Enterprise Value to Invested Capital (EV/IC)	3.74	5.86	7.04	8.30	7.41	5.11	5.66	6.01	5.59	5.30	4.67
Enterprise Value to Revenue (EV/Rev)	0.00	4.96	5.90	3.96	4.94	3.67	4.21	4.49	4.23	3.96	3.38
Enterprise Value to EBITDA (EV/EBITDA)	39.52	21.53	30.16	20.11	24.62	14.58	15.49	16.19	15.25	13.91	10.21
Enterprise Value to EBIT (EV/EBIT)	54.47	28.74	42.55	28.32	34.54	19.29	20.26	21.18	20.09	18.06	12.74
Enterprise Value to NOPAT (EV/NOPAT)	1,118.23	36.67	39.95	25.50	31.44	25.43	29.73	30.85	29.17	23.11	16.67
Enterprise Value to Operating Cash Flow (EV/OCF)	22.23	21.58	31.03	17.66	153.82	0.00	0.00	0.00	38.80	24.21	19.61
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	9.76	4.07	6.40	24.34	34.99	0.00	0.00	62.18	23.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	7.52	5.50	6.50	1.16	5.58	7.81	24.39	26.21	10.79	5.89	4.50
Long-Term Debt to Equity	7.25	4.97	5.72	1.15	5.49	7.69	24.02	15.83	10.57	5.77	4.39
Financial Leverage	11.94	3.23	4.99	0.50	4.29	3.08	5.15	0.24	4.40	4.78	6.83
Leverage Ratio	25.69	14.98	14.76	4.79	12.38	12.37	17.68	4.92	13.68	13.71	17.17
Compound Leverage Factor	19.37	6.66	3.98	3.68	13.07	11.13	13.63	3.87	9.91	11.85	15.10
Debt to Total Capital	88.27%	84.63%	86.67%	53.79%	84.79%	88.64%	96.06%	96.32%	91.52%	85.49%	81.80%
Short-Term Debt to Total Capital	3.17%	8.15%	10.35%	0.80%	1.26%	1.33%	1.45%	38.15%	1.89%	1.86%	1.88%
Long-Term Debt to Total Capital	85.10%	76.48%	76.32%	52.98%	83.53%	87.31%	94.62%	58.18%	89.63%	83.63%	79.92%
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	11.73%	15.37%	13.33%	46.22%	15.21%	11.36%	3.94%	3.68%	8.48%	14.51%	18.20%
Debt to EBITDA	10.10	5.93	7.50	6.09	5.71	4.36	3.92	3.72	2.64	2.37	1.88
Net Debt to EBITDA	9.23	5.84	7.42	-2.81	2.30	2.28	2.58	2.55	2.48	2.22	1.77
Long-Term Debt to EBITDA	9.74	5.36	6.61	6.00	5.63	4.30	3.86	2.25	2.58	2.32	1.83
Debt to NOPAT	285.85	10.09	9.94	7.73	7.29	7.61	7.52	7.08	5.04	3.94	3.06
Net Debt to NOPAT	261.30	9.95	9.83	-3.57	2.94	3.98	4.95	4.86	4.75	3.69	2.89
Long-Term Debt to NOPAT	275.59	9.12	8.75	7.61	7.19	7.50	7.40	4.28	4.94	3.85	2.99
Altman Z-Score	1.21	1.62	1.80	2.54	2.32	1.93	1.98	1.81	2.24	2.30	2.28
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	1.64	1.76	1.84	3.95	2.68	2.59	2.24	0.73	0.73	0.72	0.70
Quick Ratio	1.06	0.10	0.08	3.85	2.52	2.31	1.97	0.63	0.46	0.44	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-291	-171	700	1,134	918	63	15	-448	-195	-70	8.25
Operating Cash Flow to CapEx	300.00%	218.82%	-21.80%	300.76%	-340.86%	13.92%	47.04%	152.12%	114.89%	141.88%	76.87%
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	0.00	0.37	0.38	0.35	0.44	0.46	0.47	0.43	0.59	0.61	0.66
Accounts Receivable Turnover	0.00	18.81	4.37	4.26	4.24	19.59	21.14	17.91	18.58	19.31	19.74
Inventory Turnover	0.00	26.75	5.41	5.35	5.08	28.68	29.46	26.71	26.29	27.40	29.44
Fixed Asset Turnover	0.00	0.00	1.69	1.70	1.70	0.00	1.93	1.91	1.86	0.00	1.87
Accounts Payable Turnover	0.00	18.17	6.04	5.11	4.78	10.98	14.92	9.27	9.57	8.47	12.36
Days Sales Outstanding (DSO)	0.00	19.40	83.57	85.63	86.05	18.64	17.27	20.38	19.65	18.90	18.49
Days Inventory Outstanding (DIO)	0.00	13.64	67.46	68.24	71.87	12.73	12.39	13.66	13.88	13.32	12.40
Days Payable Outstanding (DPO)	0.00	20.08	60.47	71.39	76.37	33.23	24.46	39.38	38.14	43.08	29.52
Cash Conversion Cycle (CCC)	0.00	12.96	90.57	82.48	81.55	-1.87	5.19	-5.33	-4.61	-10.86	1.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,780	1,046	1,073	635	926	1,037	1,105	1,141	1,190	1,211	1,203
Invested Capital Turnover	0.00	1.33	0.94	1.13	1.03	1.39	1.36	1.72	1.49	1.44	1.44
Increase / (Decrease) in Invested Capital	337	228	-586	-1,089	-854	-9.30	32	506	264	175	98
Enterprise Value (EV)	6,650	6,133	7,561	5,270	6,860	5,300	6,251	6,859	6,650	6,419	5,618
Market Capitalization	5,096	4,469	5,701	6,007	6,219	4,470	5,211	5,778	5,567	5,393	4,645
Book Value per Share	$1.27	$1.73	$1.66	$7.98	$1.72	$1.47	$0.49	$0.46	$0.83	$1.44	$1.79
Tangible Book Value per Share	($3.24)	($2.01)	($2.17)	$4.07	($2.37)	($3.44)	($4.71)	($4.88)	($4.56)	($4.04)	($3.58)
Total Capital	1,926	1,994	2,170	2,970	1,877	1,789	1,645	1,635	1,256	1,279	1,263
Total Debt	1,700	1,688	1,881	1,597	1,592	1,586	1,581	1,575	1,150	1,094	1,033
Total Long-Term Debt	1,639	1,525	1,656	1,573	1,568	1,562	1,557	951	1,126	1,070	1,009
Net Debt	1,554	1,664	1,860	-737	641	830	1,040	1,081	1,084	1,026	973
Capital Expenditures (CapEx)	32	43	40	40	47	55	42	45	66	71	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	373	841	981	-474	-246	-158	-123	-133	-137	-143	-127
Debt-free Net Working Capital (DFNWC)	471	864	1,002	1,860	705	598	417	362	-71	-75	-67
Net Working Capital (NWC)	410	702	777	1,837	681	574	393	-262	-95	-99	-91
Net Nonoperating Expense (NNE)	-52	-100	33	-1,182	2.24	4.88	15	16	23	12	15
Net Nonoperating Obligations (NNO)	1,554	739	784	-737	641	833	1,040	1,081	1,084	1,026	973
Total Depreciation and Amortization (D&A)	18	19	19	21	22	28	25	26	27	29	28
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	68.02%	76.51%	-35.65%	-17.70%	-10.97%	-8.31%	-8.70%	-8.70%	-8.83%	-7.66%
Debt-free Net Working Capital to Revenue	0.00%	69.91%	78.14%	139.86%	50.75%	41.44%	28.10%	23.65%	-4.52%	-4.61%	-4.04%
Net Working Capital to Revenue	0.00%	56.77%	60.63%	138.07%	49.05%	39.79%	26.49%	-17.16%	-6.04%	-6.08%	-5.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.89	$0.47	$7.15	$0.38	$2.05	$0.24	$0.32	$0.70	$2.00	$0.71
Adjusted Weighted Average Basic Shares Outstanding	179M	179.10M	175.20M	171.70M	161.50M	161.60M	131.80M	129.80M	129.40M	130.10M	128.70M
Adjusted Diluted Earnings per Share	$0.55	$0.87	$0.46	$7.11	$0.38	$2.02	$0.24	$0.32	$0.70	$1.96	$0.71
Adjusted Weighted Average Diluted Shares Outstanding	180M	180.40M	176.30M	172.70M	162.50M	162.60M	132.70M	130.70M	130.20M	131M	129.50M
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	177.02M	174.62M	171.94M	165.81M	138.66M	130.65M	129.65M	128.85M	128.87M	128.37M	127.10M
Normalized Net Operating Profit after Tax (NOPAT)	46	57	21	45	64	54	46	58	69	104	106
Normalized NOPAT Margin	14.46%	17.13%	6.16%	13.19%	16.97%	13.79%	12.45%	14.85%	16.39%	23.88%	25.62%
Pre Tax Income Margin	16.70%	4.32%	2.07%	12.86%	23.23%	25.10%	12.27%	14.74%	15.47%	26.48%	30.70%
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	20.46%	21.02%	21.11%	4.22%	2.87%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	50.45%	54.63%	68.46%	25.54%	96.73%	108.94%	117.48%	805.01%	203.15%	107.23%	37.17%

Frequently Asked Questions About Valvoline's Financials

When does Valvoline's financial year end?

According to the most recent income statement we have on file, Valvoline's fiscal year ends in September. Their fiscal 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. See Valvoline's forecast for analyst expectations on what’s next for the company.

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 5/5/2025 by MarketBeat.com Staff

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Valvoline (VVV) Financials

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