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Valvoline (VVV) Financials

Valvoline logo
$30.59 +0.38 (+1.25%)
Closing price 09/11/2026 03:58 PM Eastern
Extended Trading
$30.56 -0.03 (-0.09%)
As of 09/11/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Valvoline

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 2025
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 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 196 273 304 166 208 317 420 424 1,454 208 206
Consolidated Net Income / (Loss)		 196 273 304 166 208 317 420 424 1,420 212 211
Net Income / (Loss) Continuing Operations		 196 273 304 166 208 70 200 109 199 215 215
Total Pre-Tax Income 		297 421 490 332 265 123 260 144 237 284 292
Total Operating Income		 323 396 394 395 398 160 240 220 247 367 390
Total Gross Profit		 685 748 776 806 810 301 432 476 545 619 659
Total Revenue		 1,967 1,929 2,084 2,285 2,390 727 1,037 1,236 1,444 1,619 1,710
Operating Revenue		 1,967 1,929 2,084 2,285 2,390 727 1,037 1,236 1,444 1,619 1,710
Total Cost of Revenue		 1,282 1,181 1,308 1,479 1,580 426 605 760 899 1,000 1,052
Operating Cost of Revenue		 1,282 1,181 1,308 1,479 1,580 426 605 760 899 1,000 1,052
Total Operating Expenses		 362 352 382 411 412 141 192 256 297 252 269
Selling, General & Admin Expense		 348 365 396 430 449 177 224 245 265 305 350
Other Operating Expenses / (Income)		 -8.00 -13 -14 -19 -37 -36 -32 11 33 -54 -81
Total Other Income / (Expense), net		 -26 25 96 -63 -133 -37 20 -76 -11 -84 -98
Interest Expense		 0.00 9.00 42 63 73 92 108 69 38 72 74
Other Income / (Expense), net		 -26 34 138 0.00 -60 55 128 -6.90 28 -12 -24
Income Tax Expense		 101 148 186 166 57 53 60 35 37 69 78
Net Income / (Loss) Discontinued Operations		 - - - - - 247 220 315 1,220 -3.00 -4.10
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - - - - - 3.10 - -77 0.80 9.40
Basic Earnings per Share		 $1.15 $1.60 $1.49 $0.84 $1.10 $1.70 $4.60 $2.37 $17.58 $3.26 $3.30
Weighted Average Basic Shares Outstanding		 170M 170M 204M 197M 189M 187M 182.50M 179.10M 161.60M 130.10M 127.90M
Diluted Earnings per Share		 $1.15 $1.60 $1.49 $0.84 $1.10 $1.69 $4.58 $2.35 $17.46 $3.22 $3.28
Weighted Average Diluted Shares Outstanding		 170M 170M 204M 197M 189M 187.50M 183.50M 180.40M 162.60M 131M 128.60M
Weighted Average Basic & Diluted Shares Outstanding		 - 205.30M 204M 197.60M 188.40M 185.27M 180.04M 174.62M 130.65M 128.37M 127.16M

Quarterly Income Statements for Valvoline

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 32 41 43 92 92 37 57 21 -32 43 62
Consolidated Net Income / (Loss)		 32 41 46 92 92 38 57 25 -33 45 65
Net Income / (Loss) Continuing Operations		 34 43 48 89 94 38 57 26 -32 45 65
Total Pre-Tax Income 		46 57 65 115 127 51 77 37 -6.00 60 86
Total Operating Income		 63 76 93 135 144 67 95 85 18 86 112
Total Gross Profit		 135 146 168 170 153 151 178 178 173 187 215
Total Revenue		 373 389 421 436 414 403 439 454 462 504 545
Operating Revenue		 373 389 421 436 414 403 439 454 462 504 545
Total Cost of Revenue		 239 243 254 265 261 253 261 276 289 317 330
Operating Cost of Revenue		 239 243 254 265 261 253 261 276 289 317 330
Total Operating Expenses		 72 70 74 36 9.10 84 83 93 154 101 103
Selling, General & Admin Expense		 75 72 77 81 80 84 83 95 107 99 103
Other Operating Expenses / (Income)		 -2.50 -2.50 -3.10 -45 -71 0.00 0.10 -2.30 47 2.30 -0.30
Total Other Income / (Expense), net		 -17 -19 -28 -19 -17 -16 -18 -47 -24 -27 -27
Interest & Investment Income		 -14 -16 -25 - -18 -17 -19 - -26 -28 -28
Other Income / (Expense), net		 -3.40 -3.60 -3.40 -1.30 0.90 0.90 0.90 -26 1.20 1.20 1.30
Income Tax Expense		 12 14 17 26 33 13 20 12 26 14 21
Net Income / (Loss) Discontinued Operations		 -2.00 -1.90 -2.30 3.20 -2.30 -0.70 -0.50 -0.60 -0.60 -0.50 -0.50
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)		 - - 4.70 - - 1.00 - - -2.60 4.20 5.60
Basic Earnings per Share		 $0.24 $0.32 $0.70 $2.00 $0.71 $0.58 $0.44 $1.57 ($0.52) $0.70 $1.02
Weighted Average Basic Shares Outstanding		 131.80M 129.80M 129.40M 130.10M 128.70M 127.60M 127.60M 127.90M 127.70M 127.80M 127.80M
Diluted Earnings per Share		 $0.24 $0.32 $0.70 $1.96 $0.71 $0.58 $0.44 $1.55 ($0.52) $0.70 $1.02
Weighted Average Diluted Shares Outstanding		 132.70M 130.70M 130.20M 131M 129.50M 128.20M 128.20M 128.60M 127.70M 128.40M 128.40M
Weighted Average Basic & Diluted Shares Outstanding		 129.65M 128.85M 128.87M 128.37M 127.10M 127.11M 127.11M 127.16M 127.32M 127.54M 127.59M

Annual Cash Flow Statements for Valvoline

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 2025
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 9/30/2025
Net Change in Cash & Equivalents		 0.00 172 29 -105 63 601 -529 -148 329 -344 -17
Net Cash From Operating Activities		 330 311 -130 320 325 372 404 284 -41 265 297
Net Cash From Continuing Operating Activities		 330 311 -130 320 325 127 182 134 353 283 307
Net Income / (Loss) Continuing Operations		 196 273 304 166 208 70 200 109 199 215 215
Consolidated Net Income / (Loss)		 196 273 304 166 208 317 420 424 1,420 212 211
Net Income / (Loss) Discontinued Operations		 - - - - - 247 220 315 1,220 -3.00 -4.10
Depreciation Expense		 38 38 42 54 61 41 62 71 89 106 119
Non-Cash Adjustments To Reconcile Net Income		 48 -37 -60 50 73 8.70 -21 63 -18 -27 -30
Changes in Operating Assets and Liabilities, net		 48 33 -416 50 -17 8.30 -59 -109 82 -10 3.30
Net Cash From Discontinued Operating Activities		 - - - - - 245 222 150 -394 -18 -9.90
Net Cash From Investing Activities		 -26 -148 -135 -213 -188 -223 -400 -208 2,044 137 -201
Net Cash From Continuing Investing Activities		 -26 -148 -135 -213 -188 -159 -359 -171 -577 137 -201
Purchase of Property, Plant & Equipment		 -45 -66 -68 -93 -108 -94 -103 -132 -181 -224 -259
Acquisitions		 -5.00 -83 -68 -125 -78 -40 -282 -51 -36 -53 -65
Purchase of Investments		 - - - - - - 0.00 0.00 -440 -3.50 -4.50
Divestitures		 23 - - - - - - 0.00 0.00 72 121
Sale and/or Maturity of Investments		 - - - - - - 0.00 0.00 80 350 6.00
Other Investing Activities, net		 - 1.00 1.00 5.00 -2.00 -25 26 12 0.00 -4.10 0.60
Net Cash From Discontinued Investing Activities		 - - - - - -63 -41 -37 2,621 0.00 0.00
Net Cash From Financing Activities		 -304 10 295 -209 -71 450 -536 -219 -1,674 -746 -113
Net Cash From Continuing Financing Activities		 -304 10 295 -209 -71 345 -526 -263 -1,566 -746 -113
Repayment of Debt		 0.00 -637 -90 -116 -743 -945 -836 -54 -932 -708 -109
Repurchase of Common Equity		 0.00 0.00 -50 -325 0.00 -60 -127 -143 -1,525 -227 -77
Payment of Dividends		 0.00 0.00 -40 -73 -80 -84 -91 -89 -22 0.00 0.00
Issuance of Debt		 - 1,372 470 305 752 1,435 528 23 924 200 85
Other Financing Activities, net		 -304 -1,444 5.00 0.00 - - - - -11 -12 -12
Net Cash From Discontinued Financing Activities		 - - - - - 105 -9.40 44 -108 0.00 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 -0.30
Cash Interest Paid		 0.00 0.00 35 53 67 65 62 59 70 78 56
Cash Income Taxes Paid		 0.00 17 26 26 - 44 72 74 374 31 36

Quarterly Cash Flow Statements for Valvoline

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 7.60 74 -429 2.70 -8.30 1.90 6.00 -17 18 15 -0.50
Net Cash From Operating Activities		 20 68 76 101 41 47 87 122 65 95 124
Net Cash From Continuing Operating Activities		 22 70 78 113 41 52 87 127 65 95 124
Net Income / (Loss) Continuing Operations		 34 43 48 89 94 38 57 26 -32 45 65
Consolidated Net Income / (Loss)		 32 41 46 92 92 38 57 25 -33 45 65
Net Income / (Loss) Discontinued Operations		 -2.00 -1.90 -2.30 3.20 -2.30 -0.70 -0.50 -0.60 -0.60 -0.50 -0.50
Depreciation Expense		 25 26 27 29 28 28 30 33 34 38 38
Non-Cash Adjustments To Reconcile Net Income		 3.40 2.90 9.80 -43 -69 2.90 3.40 32 47 6.80 5.50
Changes in Operating Assets and Liabilities, net		 -40 -1.60 -7.00 38 -12 -18 -3.80 36 17 5.70 16
Net Cash From Investing Activities		 172 58 -69 -25 64 -54 -82 -129 -631 -68 -62
Net Cash From Continuing Investing Activities		 172 58 -69 -25 64 -54 -82 -129 -631 -68 -62
Purchase of Property, Plant & Equipment		 -42 -45 -66 -71 -54 -52 -55 -99 -57 -58 -57
Acquisitions		 -8.30 -13 -6.60 -25 -4.40 -5.20 -23 -33 -636 -8.50 -8.40
Other Investing Activities, net		 -7.10 -3.80 5.20 1.60 1.00 -2.70 0.80 1.50 -2.00 2.80 -0.90
Net Cash From Financing Activities		 -185 -53 -435 -74 -113 8.30 0.80 -9.30 585 -12 -63
Net Cash From Continuing Financing Activities		 -185 -53 -435 -74 -113 8.30 0.80 -9.30 585 -12 -63
Repayment of Debt		 -13 -12 -635 -59 -92 -11 -9.20 2.90 -155 -27 -63
Effect of Exchange Rate Changes		 0.10 0.10 -0.10 -0.10 -0.80 0.10 0.50 -0.10 0.20 -0.20 -0.20

Annual Balance Sheets for Valvoline

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 2025
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 9/30/2025
Total Assets		 1,825 1,915 1,854 2,064 3,051 3,191 3,417 2,890 2,439 2,670
Total Current Assets		 730 790 725 797 1,438 1,037 1,621 937 255 244
Cash & Equivalents		 172 201 96 159 760 123 23 409 68 52
Accounts Receivable		 363 385 409 401 433 65 66 81 86 90
Inventories, net		 139 175 176 194 199 27 29 33 40 43
Prepaid Expenses		 - 29 44 43 46 27 38 66 61 60
Plant, Property, & Equipment, net		 324 391 420 0.00 0.00 0.00 0.00 0.00 0.00 1,135
Total Noncurrent Assets		 771 734 709 1,267 1,613 2,154 1,796 1,953 2,183 1,292
Goodwill		 267 335 448 504 529 642 663 681 706 741
Other Noncurrent Operating Assets		 89 88 92 606 1,006 949 1,133 1,273 1,478 552
Total Liabilities & Shareholders' Equity		 1,825 1,915 1,854 2,064 3,051 3,191 3,417 2,890 2,439 2,670
Total Liabilities		 2,155 2,032 2,212 2,322 3,127 3,057 3,110 2,687 2,253 2,332
Total Current Liabilities		 400 478 411 423 444 569 919 362 354 347
Short-Term Debt		 19 90 30 15 0.00 15 163 24 24 24
Accounts Payable		 177 192 178 171 189 39 45 119 117 119
Accrued Expenses		 204 196 203 237 255 139 173 216 213 205
Total Noncurrent Liabilities		 1,755 1,554 1,801 1,899 2,683 2,488 2,191 2,324 1,899 1,985
Long-Term Debt		 724 1,034 1,292 1,327 1,962 1,640 1,525 1,562 1,070 1,050
Noncurrent Employee Benefit Liabilities		 886 342 333 387 317 245 199 168 176 188
Other Noncurrent Operating Liabilities		 143 178 176 185 403 471 466 594 653 747
Commitments & Contingencies		 0.00 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 -76 135 307 203 186 339
Total Preferred & Common Equity		 -330 -117 -358 -258 -76 135 307 203 186 339
Preferred Stock		 0.00 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 -76 135 307 203 186 339
Common Stock		 712 7.00 9.00 15 26 37 46 49 53 60
Retained Earnings		 0.00 -167 -399 -284 -110 90 282 141 123 274
Accumulated Other Comprehensive Income / (Loss)		 -3.00 43 32 11 8.00 7.50 -21 13 9.90 5.20

Quarterly Balance Sheets for Valvoline

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 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Total Assets		 4,280 2,986 2,709 2,763 2,376 2,350 2,453 2,562 3,402 3,421 3,482
Total Current Assets		 2,458 1,087 711 701 256 213 230 239 255 272 284
Cash & Equivalents		 2,335 527 421 495 66 60 62 68 70 85 84
Accounts Receivable		 61 72 84 110 98 85 86 90 99 93 103
Inventories, net		 34 34 32 38 40 38 42 41 49 48 50
Prepaid Expenses		 29 30 55 60 53 30 41 40 38 47 47
Plant, Property, & Equipment, net		 723 762 842 878 927 934 996 1,051 1,217 1,246 1,281
Total Noncurrent Assets		 1,100 1,137 1,157 1,184 1,192 1,203 1,227 1,272 1,930 1,902 1,917
Goodwill		 673 678 686 692 694 690 691 713 1,305 1,280 1,283
Other Noncurrent Operating Assets		 427 459 472 491 498 514 536 559 625 622 633
Total Liabilities & Shareholders' Equity		 4,280 2,986 2,709 2,763 2,376 2,350 2,453 2,562 3,402 3,421 3,482
Total Liabilities		 2,908 2,700 2,645 2,703 2,269 2,120 2,204 2,248 3,095 3,068 3,065
Total Current Liabilities		 622 406 317 964 351 304 316 328 364 371 405
Short-Term Debt		 24 24 24 624 24 24 24 24 31 31 31
Accounts Payable		 86 96 77 119 108 88 103 101 113 113 120
Accrued Expenses		 512 286 216 221 220 192 189 203 219 227 255
Total Noncurrent Liabilities		 2,286 2,294 2,327 1,739 1,918 1,816 1,888 1,921 2,731 2,697 2,660
Long-Term Debt		 1,573 1,568 1,557 951 1,126 1,009 1,052 1,056 1,634 1,627 1,571
Noncurrent Employee Benefit Liabilities		 201 202 170 170 168 175 172 170 186 180 179
Other Noncurrent Operating Liabilities		 512 524 600 618 624 633 665 694 911 890 910
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,372 285 65 60 107 230 249 314 308 353 417
Total Preferred & Common Equity		 1,372 285 65 60 107 230 249 314 308 353 417
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,372 285 65 60 107 230 249 314 308 353 417
Common Stock		 44 46 48 47 50 52 54 57 60 63 65
Retained Earnings		 1,310 222 -0.20 0.40 46 175 192 249 241 286 350
Accumulated Other Comprehensive Income / (Loss)		 18 17 17 13 10 3.00 2.50 8.20 6.50 4.40 1.60

Annual Metrics And Ratios for Valvoline

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 2025
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 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -1.93% 8.04% 9.64% 4.60% -69.58% 42.67% 19.18% 16.78% 12.16% 5.64%
EBITDA Growth		 0.00% 40.90% 21.61% -21.78% -11.14% -35.91% 68.32% -33.83% 27.67% 26.90% 5.27%
EBIT Growth		 0.00% 44.78% 23.72% -25.75% -14.43% -36.36% 71.22% -42.06% 28.77% 29.37% 3.04%
NOPAT Growth		 0.00% 20.47% -4.81% -19.20% 58.17% -70.98% 103.84% -9.49% 24.62% 33.25% 3.17%
Net Income Growth		 0.00% 39.29% 11.36% -45.39% 25.30% 52.21% 32.75% 0.95% 234.60% -85.10% -0.38%
EPS Growth		 0.00% 39.13% -6.88% -43.62% 30.95% 53.64% 171.01% -48.69% 642.98% -81.56% 1.86%
Operating Cash Flow Growth		 0.00% -5.76% -141.80% 346.15% 1.56% 14.37% 8.66% -29.64% -114.36% 749.75% 12.11%
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% 32.44%
Invested Capital Growth		 0.00% 0.00% 260.93% 7.86% 6.45% 21.44% -24.42% 27.89% -0.89% 16.83% 12.37%
Revenue Q/Q Growth		 0.00% 0.00% 2.61% 2.10% 1.49% -68.80% -11.50% 693.99% 3.93% 2.89% 1.08%
EBITDA Q/Q Growth		 0.00% 0.00% 40.34% -20.11% -6.12% -42.92% 17.37% 69.22% 30.51% 5.78% -12.77%
EBIT Q/Q Growth		 0.00% 0.00% 46.15% -22.70% -7.90% -43.69% 20.32% 74.77% 38.37% 7.40% -17.01%
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% -13.33%
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% -24.21%
EPS Q/Q Growth		 0.00% 0.00% 0.68% -25.66% -6.78% 42.02% 126.73% -49.89% 7.05% -1.83% -11.11%
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% 7.45%
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% -30.21%
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% 2.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 34.82% 38.78% 37.24% 35.27% 33.89% 41.40% 41.68% 38.54% 37.72% 38.22% 38.50%
EBITDA Margin		 17.03% 24.47% 27.54% 19.65% 16.69% 35.17% 41.50% 23.04% 25.19% 28.50% 28.40%
Operating Margin		 16.42% 20.53% 18.91% 17.29% 16.65% 22.04% 23.15% 17.82% 17.13% 22.68% 22.80%
EBIT Margin		 15.10% 22.29% 25.53% 17.29% 14.14% 29.59% 35.51% 17.26% 19.04% 21.96% 21.42%
Profit (Net Income) Margin		 9.96% 14.15% 14.59% 7.26% 8.70% 43.55% 40.52% 34.33% 98.35% 13.06% 12.32%
Tax Burden Percent		 65.99% 64.85% 62.04% 50.00% 78.49% 257.40% 161.65% 294.45% 600.30% 74.58% 72.08%
Interest Burden Percent		 100.00% 97.91% 92.11% 84.05% 78.40% 57.18% 70.59% 67.53% 86.06% 79.78% 79.80%
Effective Tax Rate		 34.01% 35.15% 37.96% 50.00% 21.51% 43.41% 23.04% 24.08% 15.69% 24.37% 26.51%
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% 22.28%
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% 14.88%
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% 58.12%
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% 80.40%
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% 10.63%
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% 14.34%
Return on Assets (ROA)		 0.00% 14.96% 16.26% 8.81% 10.62% 12.38% 13.47% 12.84% 45.02% 7.94% 8.25%
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% 80.40%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 213 257 244 198 312 91 185 167 208 278 287
NOPAT Margin		 10.84% 13.31% 11.73% 8.64% 13.07% 12.47% 17.82% 13.53% 14.44% 17.15% 16.75%
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% 7.40%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 20.28%
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% 61.50%
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% 20.46%
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		 18.40% 18.25% 18.33% 17.99% 17.24% 19.37% 18.53% 20.72% 20.60% 15.54% 15.70%
Earnings before Interest and Taxes (EBIT)		 297 430 532 395 338 215 368 213 275 356 366
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 335 472 574 449 399 256 430 285 364 461 486
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 13.49
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 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 2.67
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 22.16
Dividend Yield		 0.00% 0.00% 0.92% 1.50% 2.04% 2.47% 1.63% 1.98% 1.55% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 7.03% 4.39% 5.33% 9.33% 7.59% 9.49% 32.53% 3.86% 4.51%
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 4.11
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 3.27
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 11.50
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 15.25
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 19.50
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 18.80
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 40.86
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 3.17
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 3.10
Financial Leverage		 0.00 -1.65 -3.22 -4.40 -3.81 -6.91 31.48 3.23 3.08 4.78 3.91
Leverage Ratio		 0.00 -5.53 -8.37 -7.93 -6.36 -15.31 106.70 14.98 12.37 13.71 9.75
Compound Leverage Factor		 0.00 -5.41 -7.71 -6.67 -4.99 -8.76 75.33 10.12 10.65 10.93 7.78
Debt to Total Capital		 0.00% 179.90% 111.62% 137.14% 123.80% 104.03% 92.48% 84.63% 88.64% 85.49% 76.04%
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% 1.69%
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% 74.35%
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		 0.00% -79.90% -11.62% -37.14% -23.80% -4.03% 7.52% 15.37% 11.36% 14.51% 23.96%
Debt to EBITDA		 0.00 1.57 1.96 2.94 3.36 7.67 3.84 5.93 4.36 2.37 2.21
Net Debt to EBITDA		 0.00 1.15 1.56 2.66 2.88 4.53 3.56 5.84 2.28 2.22 2.11
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 2.16
Debt to NOPAT		 0.00 2.89 4.60 6.69 4.30 21.64 8.95 10.09 7.61 3.94 3.75
Net Debt to NOPAT		 0.00 2.12 3.65 6.05 3.68 12.77 8.29 9.95 3.98 3.69 3.57
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 3.67
Altman Z-Score		 0.00 0.00 3.36 2.86 2.73 1.46 2.01 1.79 2.12 2.60 2.36
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		 0.00 1.83 1.65 1.76 1.88 3.24 1.82 1.76 2.59 0.72 0.70
Quick Ratio		 0.00 1.34 1.23 1.23 1.32 2.69 0.33 0.10 2.31 0.44 0.41
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 42 -317 137 258 -100 449 -61 218 103 137
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% 114.66%
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 1.85
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 4.02
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 0.51
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 1.06 1.11 1.21 1.22 0.28 0.33 0.37 0.46 0.61 0.67
Accounts Receivable Turnover		 0.00 5.31 5.57 5.76 5.90 1.74 4.16 18.81 19.59 19.31 19.44
Inventory Turnover		 0.00 8.50 8.33 8.43 8.54 2.17 5.34 26.75 28.68 27.40 25.56
Fixed Asset Turnover		 0.00 5.95 5.83 5.64 0.00 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 8.90
Days Sales Outstanding (DSO)		 0.00 68.69 65.50 63.42 61.85 209.36 87.68 19.40 18.64 18.90 18.78
Days Inventory Outstanding (DIO)		 0.00 42.96 43.81 43.31 42.74 168.36 68.31 13.64 12.73 13.32 14.28
Days Payable Outstanding (DPO)		 0.00 54.70 51.49 45.66 40.31 154.23 68.67 20.08 33.23 43.08 41.00
Cash Conversion Cycle (CCC)		 0.00 56.94 57.83 61.07 64.28 223.50 87.32 12.96 -1.87 -10.86 -7.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 215 776 837 891 1,082 818 1,046 1,037 1,211 1,361
Invested Capital Turnover		 0.00 17.94 4.21 2.83 2.77 0.74 1.09 1.33 1.39 1.44 1.33
Increase / (Decrease) in Invested Capital		 0.00 215 561 61 54 191 -264 228 -9.30 175 150
Enterprise Value (EV)		 0.00 0.00 5,217 4,979 5,055 4,551 7,061 6,133 5,300 6,419 5,587
Market Capitalization		 0.00 0.00 4,324 3,784 3,906 3,393 5,529 4,469 4,470 5,393 4,565
Book Value per Share		 $0.00 ($1.94) ($0.58) ($1.88) ($1.37) ($0.41) $0.74 $1.73 $1.47 $1.44 $2.66
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) ($3.16)
Total Capital		 0.00 413 1,007 964 1,084 1,886 1,789 1,994 1,789 1,279 1,413
Total Debt		 0.00 743 1,124 1,322 1,342 1,962 1,655 1,688 1,586 1,094 1,074
Total Long-Term Debt		 0.00 724 1,034 1,292 1,327 1,962 1,640 1,525 1,562 1,070 1,050
Net Debt		 0.00 545 893 1,195 1,149 1,158 1,532 1,664 830 1,026 1,022
Capital Expenditures (CapEx)		 44 66 68 93 108 94 103 132 181 224 259
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 177 201 248 230 234 361 841 -158 -143 -132
Debt-free Net Working Capital (DFNWC)		 0.00 349 402 344 389 994 483 864 598 -75 -80
Net Working Capital (NWC)		 0.00 330 312 314 374 994 468 702 574 -99 -104
Net Nonoperating Expense (NNE)		 17 -16 -60 32 104 -226 -236 -257 -1,211 66 76
Net Nonoperating Obligations (NNO)		 0.00 545 893 1,195 1,149 1,158 683 739 833 1,026 1,022
Total Depreciation and Amortization (D&A)		 38 42 42 54 61 41 62 71 89 106 119
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% -7.69%
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% -4.67%
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% -6.06%
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 $3.30
Adjusted Weighted Average Basic Shares Outstanding		 170M 170M 204M 197M 189M 187M 182M 0.00 161.60M 130.10M 127.90M
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 $3.28
Adjusted Weighted Average Diluted Shares Outstanding		 170M 170M 204M 197M 189M 188M 183M 0.00 162.60M 131M 128.60M
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		 0.00 205.30M 202.53M 188.16M 188.40M 185.27M 180.04M 0.00 130.65M 128.37M 127.16M
Normalized Net Operating Profit after Tax (NOPAT)		 228 257 244 198 312 91 185 167 208 278 287
Normalized NOPAT Margin		 11.57% 13.31% 11.73% 8.64% 13.07% 12.47% 17.82% 13.53% 14.44% 17.15% 16.75%
Pre Tax Income Margin		 15.10% 21.82% 23.51% 14.53% 11.09% 16.92% 25.07% 11.66% 16.38% 17.52% 17.09%
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 4.95
NOPAT to Interest Expense		 0.00 28.53 5.82 3.13 4.28 0.98 1.71 2.41 5.44 3.86 3.87
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 1.45
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 0.37
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% 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% 36.45%

Quarterly Metrics And Ratios for Valvoline

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 127,315,826.00 127,536,079.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 127,315,826.00 127,536,079.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.34 0.48
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.20% 12.83% 12.01% 11.67% 10.95% 3.73% 4.18% 4.20% 11.47% 24.95% 24.05%
EBITDA Growth		 90.48% 25.83% 11.97% 18.41% 105.60% -2.24% 7.61% -43.86% -69.31% 29.73% 20.59%
EBIT Growth		 132.03% 26.39% 8.70% 22.52% 143.60% -6.87% 6.22% -56.34% -86.52% 28.61% 18.72%
NOPAT Growth		 -59.46% 27.02% 8.16% 93.41% 128.37% -12.81% 1.53% -44.09% -87.93% 30.07% 21.53%
Net Income Growth		 -61.05% -96.63% -25.49% 88.75% 187.15% -9.18% 23.09% -72.91% -135.81% 19.15% 14.16%
EPS Growth		 -47.83% -97.75% -7.89% -2.97% 195.83% 81.25% -37.14% -20.92% -173.24% 20.69% 131.82%
Operating Cash Flow Growth		 328.74% -42.51% 147.70% 1,232.89% 107.04% -30.89% 14.95% 20.34% 57.28% 102.12% 43.15%
Free Cash Flow Firm Growth		 -97.87% -139.48% -121.26% -211.74% -44.54% 84.04% 66.90% -30.03% -8,420.45% -737.00% -711.64%
Invested Capital Growth		 2.94% 79.61% 28.53% 16.83% 8.86% 10.68% 11.32% 12.37% 58.16% 52.56% 46.00%
Revenue Q/Q Growth		 -4.26% 4.10% 8.41% 3.35% -4.87% -2.68% 8.88% 3.37% 1.76% 9.09% 8.10%
EBITDA Q/Q Growth		 -38.64% 17.14% 18.80% 38.67% 6.54% -44.30% 30.77% -27.66% -41.76% 135.47% 21.55%
EBIT Q/Q Growth		 -45.40% 22.56% 23.63% 48.11% 8.55% -53.14% 41.00% -39.12% -66.49% 347.18% 30.16%
NOPAT Q/Q Growth		 -13.57% 24.20% 19.60% 50.64% 2.06% -52.58% 39.26% -17.05% -77.97% 411.13% 30.12%
Net Income Q/Q Growth		 -34.76% 29.78% 10.87% 101.09% -0.76% -58.95% 50.27% -55.75% -231.20% 236.59% 43.97%
EPS Q/Q Growth		 -88.12% 33.33% 118.75% 180.00% -63.78% -18.31% -24.14% 252.27% -133.55% 234.62% 45.71%
Operating Cash Flow Q/Q Growth		 161.84% 243.22% 10.69% 33.99% -59.33% 14.56% 84.11% 40.28% -46.84% 47.22% 30.40%
Free Cash Flow Firm Q/Q Growth		 -76.41% -3,109.26% 56.43% 63.88% 111.71% -965.74% 9.60% -41.88% -649.37% 12.91% 12.34%
Invested Capital Q/Q Growth		 6.60% 3.23% 4.35% 1.75% -0.68% 4.95% 4.95% 2.71% 39.80% 1.24% 0.44%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 36.10% 37.61% 39.75% 39.10% 36.91% 37.33% 40.46% 39.11% 37.35% 37.12% 39.46%
EBITDA Margin		 22.50% 25.32% 27.74% 37.22% 41.68% 23.86% 28.66% 20.05% 11.48% 24.77% 27.86%
Operating Margin		 16.82% 19.66% 22.16% 30.91% 34.71% 16.59% 21.57% 18.62% 3.96% 17.07% 20.60%
EBIT Margin		 15.91% 18.73% 21.36% 30.61% 34.93% 16.82% 21.78% 12.83% 4.22% 17.31% 20.84%
Profit (Net Income) Margin		 8.54% 10.65% 10.89% 21.19% 22.11% 9.33% 12.87% 5.51% -7.10% 8.89% 11.84%
Tax Burden Percent		 69.65% 72.25% 70.40% 80.05% 72.01% 73.87% 73.38% 67.20% 546.67% 75.29% 75.35%
Interest Burden Percent		 77.10% 78.71% 72.44% 86.50% 87.91% 75.07% 80.54% 63.92% -30.77% 68.23% 75.42%
Effective Tax Rate		 25.98% 24.43% 26.07% 22.72% 26.18% 24.75% 25.97% 31.18% 0.00% 23.87% 24.07%
Return on Invested Capital (ROIC)		 16.96% 25.57% 24.36% 34.41% 36.86% 17.40% 21.48% 17.04% 3.14% 15.15% 18.85%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.36% 16.05% 21.68% 33.15% 35.41% 16.18% 20.19% 13.80% -0.41% 13.55% 17.22%
Return on Net Nonoperating Assets (RNNOA)		 79.15% 3.85% 95.40% 158.48% 242.00% 109.75% 100.67% 53.94% -1.97% 58.25% 59.62%
Return on Equity (ROE)		 96.11% 29.41% 119.76% 192.88% 278.86% 127.14% 122.16% 70.98% 1.17% 73.40% 78.48%
Cash Return on Invested Capital (CROIC)		 16.40% -31.90% -3.43% 9.19% 20.73% 17.30% 15.58% 10.63% -35.56% -31.48% -26.53%
Operating Return on Assets (OROA)		 7.54% 8.13% 12.54% 18.60% 22.92% 10.80% 14.93% 8.59% 2.58% 10.95% 13.55%
Return on Assets (ROA)		 4.05% 4.62% 6.39% 12.88% 14.51% 5.99% 8.82% 3.69% -4.34% 5.63% 7.70%
Return on Common Equity (ROCE)		 96.11% 29.41% 119.76% 192.88% 278.86% 127.14% 122.16% 70.98% 1.17% 73.40% 78.48%
Return on Equity Simple (ROE_SIMPLE)		 2,113.73% 305.82% 157.84% 0.00% 118.02% 107.52% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 58 69 104 106 50 70 58 13 65 85
NOPAT Margin		 12.45% 14.85% 16.39% 23.88% 25.62% 12.48% 15.97% 12.81% 2.77% 13.00% 15.64%
Net Nonoperating Expense Percent (NNEP)		 1.60% 9.52% 2.68% 1.26% 1.45% 1.22% 1.30% 3.24% 3.55% 1.60% 1.64%
Return On Investment Capital (ROIC_SIMPLE)		 2.83% - - - 8.41% 3.80% 5.03% 4.12% 0.65% 3.26% 4.22%
Cost of Revenue to Revenue		 63.90% 62.39% 60.25% 60.90% 63.09% 62.67% 59.54% 60.89% 62.65% 62.88% 60.54%
SG&A Expenses to Revenue		 19.95% 18.60% 18.32% 18.62% 19.99% 21.40% 19.48% 21.00% 23.13% 19.59% 18.91%
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		 19.28% 17.96% 17.58% 8.20% 2.20% 20.73% 18.88% 20.49% 33.39% 20.05% 18.86%
Earnings before Interest and Taxes (EBIT)		 59 73 90 133 145 68 96 58 20 87 114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 84 98 117 162 173 96 126 91 53 125 152
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 80.42 96.15 52.27 29.06 20.21 17.79 15.35 13.49 12.01 12.14 12.10
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 0.00
Price to Revenue (P/Rev)		 3.51 3.78 3.54 3.33 2.80 2.64 2.85 2.67 2.10 2.31 2.57
Price to Earnings (P/E)		 3.71 30.00 31.86 25.90 17.34 16.78 17.36 22.16 44.57 48.45 53.82
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 26.95% 3.33% 3.14% 3.86% 5.77% 5.96% 5.76% 4.51% 2.24% 2.06% 1.86%
Enterprise Value to Invested Capital (EV/IC)		 5.66 6.01 5.59 5.30 4.67 4.31 4.40 4.11 2.78 3.04 3.39
Enterprise Value to Revenue (EV/Rev)		 4.21 4.49 4.23 3.96 3.38 3.25 3.44 3.27 3.01 3.15 3.34
Enterprise Value to EBITDA (EV/EBITDA)		 15.49 16.19 15.25 13.91 10.21 9.93 10.46 11.50 14.45 14.85 15.60
Enterprise Value to EBIT (EV/EBIT)		 20.26 21.18 20.09 18.06 12.74 12.48 13.20 15.25 21.94 22.50 23.57
Enterprise Value to NOPAT (EV/NOPAT)		 29.73 30.85 29.17 23.11 16.67 16.49 17.62 19.50 35.89 36.23 37.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 38.80 24.21 19.61 20.50 21.06 18.80 16.49 15.88 16.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 34.99 0.00 0.00 62.18 23.49 26.16 29.74 40.86 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 24.39 26.21 10.79 5.89 4.50 4.33 3.44 3.17 5.41 4.69 3.84
Long-Term Debt to Equity		 24.02 15.83 10.57 5.77 4.39 4.23 3.37 3.10 5.31 4.61 3.77
Financial Leverage		 5.15 0.24 4.40 4.78 6.83 6.78 4.99 3.91 4.78 4.30 3.46
Leverage Ratio		 17.68 4.92 13.68 13.71 17.17 16.89 11.75 9.75 10.70 9.76 8.28
Compound Leverage Factor		 13.63 3.87 9.91 11.85 15.10 12.68 9.47 6.23 -3.29 6.66 6.24
Debt to Total Capital		 96.06% 96.32% 91.52% 85.49% 81.80% 81.22% 77.49% 76.04% 84.40% 82.44% 79.36%
Short-Term Debt to Total Capital		 1.45% 38.15% 1.89% 1.86% 1.88% 1.80% 1.71% 1.69% 1.58% 1.55% 1.54%
Long-Term Debt to Total Capital		 94.62% 58.18% 89.63% 83.63% 79.92% 79.42% 75.78% 74.35% 82.82% 80.89% 77.82%
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		 3.94% 3.68% 8.48% 14.51% 18.20% 18.78% 22.51% 23.96% 15.60% 17.56% 20.64%
Debt to EBITDA		 3.92 3.72 2.64 2.37 1.88 1.96 1.94 2.21 4.55 4.20 3.81
Net Debt to EBITDA		 2.58 2.55 2.48 2.22 1.77 1.85 1.82 2.11 4.36 3.99 3.61
Long-Term Debt to EBITDA		 3.86 2.25 2.58 2.32 1.83 1.92 1.90 2.16 4.46 4.12 3.74
Debt to NOPAT		 7.52 7.08 5.04 3.94 3.06 3.26 3.27 3.75 11.29 10.25 9.05
Net Debt to NOPAT		 4.95 4.86 4.75 3.69 2.89 3.07 3.06 3.57 10.82 9.72 8.57
Long-Term Debt to NOPAT		 7.40 4.28 4.94 3.85 2.99 3.19 3.19 3.67 11.08 10.05 8.87
Altman Z-Score		 1.98 1.81 2.24 2.30 2.28 2.05 2.16 1.98 1.31 1.55 1.76
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		 2.24 0.73 0.73 0.72 0.70 0.73 0.73 0.70 0.70 0.73 0.70
Quick Ratio		 1.97 0.63 0.46 0.44 0.48 0.47 0.48 0.41 0.46 0.48 0.46
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 15 -448 -195 -70 8.25 -71 -65 -92 -687 -598 -524
Operating Cash Flow to CapEx		 47.04% 152.12% 114.89% 141.88% 76.87% 91.12% 158.29% 123.26% 112.89% 165.05% 217.86%
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		 0.47 0.43 0.59 0.61 0.66 0.64 0.69 0.67 0.61 0.63 0.65
Accounts Receivable Turnover		 21.14 17.91 18.58 19.31 19.74 17.11 18.07 19.44 19.19 20.80 20.39
Inventory Turnover		 29.46 26.71 26.29 27.40 29.44 26.16 25.54 25.56 24.96 25.67 26.44
Fixed Asset Turnover		 1.93 1.91 1.86 0.00 1.87 1.79 1.71 0.00 1.63 1.66 1.69
Accounts Payable Turnover		 14.92 9.27 9.57 8.47 12.36 9.34 9.98 8.90 10.71 10.63 10.99
Days Sales Outstanding (DSO)		 17.27 20.38 19.65 18.90 18.49 21.33 20.20 18.78 19.02 17.55 17.90
Days Inventory Outstanding (DIO)		 12.39 13.66 13.88 13.32 12.40 13.95 14.29 14.28 14.62 14.22 13.81
Days Payable Outstanding (DPO)		 24.46 39.38 38.14 43.08 29.52 39.09 36.56 41.00 34.09 34.34 33.21
Cash Conversion Cycle (CCC)		 5.19 -5.33 -4.61 -10.86 1.37 -3.81 -2.07 -7.94 -0.45 -2.57 -1.51
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,105 1,141 1,190 1,211 1,203 1,263 1,325 1,361 1,903 1,926 1,935
Invested Capital Turnover		 1.36 1.72 1.49 1.44 1.44 1.39 1.35 1.33 1.13 1.17 1.21
Increase / (Decrease) in Invested Capital		 32 506 264 175 98 122 135 150 700 664 610
Enterprise Value (EV)		 6,251 6,859 6,650 6,419 5,618 5,438 5,825 5,587 5,290 5,861 6,561
Market Capitalization		 5,211 5,778 5,567 5,393 4,645 4,424 4,814 4,565 3,695 4,288 5,043
Book Value per Share		 $0.49 $0.46 $0.83 $1.44 $1.79 $1.96 $2.47 $2.66 $2.42 $2.77 $3.27
Tangible Book Value per Share		 ($4.71) ($4.88) ($4.56) ($4.04) ($3.58) ($3.48) ($3.14) ($3.16) ($7.84) ($7.28) ($6.79)
Total Capital		 1,645 1,635 1,256 1,279 1,263 1,324 1,393 1,413 1,972 2,011 2,019
Total Debt		 1,581 1,575 1,150 1,094 1,033 1,076 1,080 1,074 1,665 1,658 1,602
Total Long-Term Debt		 1,557 951 1,126 1,070 1,009 1,052 1,056 1,050 1,634 1,627 1,571
Net Debt		 1,040 1,081 1,084 1,026 973 1,014 1,011 1,022 1,595 1,573 1,518
Capital Expenditures (CapEx)		 42 45 66 71 54 52 55 99 57 58 57
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -123 -133 -137 -143 -127 -124 -133 -132 -147 -153 -174
Debt-free Net Working Capital (DFNWC)		 417 362 -71 -75 -67 -62 -65 -80 -77 -68 -90
Net Working Capital (NWC)		 393 -262 -95 -99 -91 -86 -89 -104 -109 -99 -121
Net Nonoperating Expense (NNE)		 15 16 23 12 15 13 14 33 46 21 21
Net Nonoperating Obligations (NNO)		 1,040 1,081 1,084 1,026 973 1,014 1,011 1,022 1,595 1,573 1,518
Total Depreciation and Amortization (D&A)		 25 26 27 29 28 28 30 33 34 38 38
Debt-free, Cash-free Net Working Capital to Revenue		 -8.31% -8.70% -8.70% -8.83% -7.66% -7.39% -7.86% -7.69% -8.38% -8.21% -8.86%
Debt-free Net Working Capital to Revenue		 28.10% 23.65% -4.52% -4.61% -4.04% -3.69% -3.82% -4.67% -4.40% -3.65% -4.58%
Net Working Capital to Revenue		 26.49% -17.16% -6.04% -6.08% -5.48% -5.11% -5.23% -6.06% -6.18% -5.33% -6.16%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 $0.32 $0.70 $2.00 $0.71 $0.58 $0.44 $1.57 ($0.52) $0.70 $1.02
Adjusted Weighted Average Basic Shares Outstanding		 131.80M 129.80M 129.40M 130.10M 128.70M 127.60M 127.60M 127.90M 127.70M 127.80M 127.80M
Adjusted Diluted Earnings per Share		 $0.24 $0.32 $0.70 $1.96 $0.71 $0.58 $0.44 $1.55 ($0.52) $0.70 $1.02
Adjusted Weighted Average Diluted Shares Outstanding		 132.70M 130.70M 130.20M 131M 129.50M 128.20M 128.20M 128.60M 127.70M 128.40M 128.40M
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		 129.65M 128.85M 128.87M 128.37M 127.10M 127.11M 127.11M 127.16M 127.32M 127.54M 127.59M
Normalized Net Operating Profit after Tax (NOPAT)		 46 58 69 104 106 50 70 58 13 65 85
Normalized NOPAT Margin		 12.45% 14.85% 16.39% 23.88% 25.62% 12.48% 15.97% 12.81% 2.77% 13.00% 15.64%
Pre Tax Income Margin		 12.27% 14.74% 15.47% 26.48% 30.70% 12.62% 17.54% 8.20% -1.30% 11.81% 15.72%
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% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 117.48% 805.01% 203.15% 107.23% 37.17% 34.18% 32.88% 36.45% 36.04% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Valvoline’s recent financial statements show strong revenue growth, improving operating cash flow and a recovery in earnings, although the company remains highly leveraged and has limited short-term liquidity. The latest figures are for the quarter ended June 30, 2026, with several prior-period income statements marked as restated.

  • Revenue has expanded substantially. Q3 revenue increased to $544.6 million from $317.4 million in Q3 2022, a gain of approximately 72%. Revenue also rose sequentially from $503.8 million in Q2 2026.
  • Operating profitability has improved. Q3 2026 operating income was $112.2 million, compared with $61.1 million in Q3 2022. The operating margin was approximately 20.6%, up from 19.3% over the same comparison period.
  • Recent earnings momentum is favorable. Continuing-operations net income increased to $65.0 million in Q3 2026 from $45.3 million in Q2 2026 and $57.0 million in the restated Q3 2025.
  • Earnings per share have strengthened. Q3 2026 diluted EPS was $1.02, up from $0.70 in Q2 2026 and $0.44 in Q3 2025. Average diluted shares have also declined from 162.5 million in Q3 2023 to 128.4 million in the latest quarter, supporting per-share results.
  • Operating cash flow is accelerating. Cash flow from continuing operations reached $124.4 million in Q3 2026, compared with $86.8 million in Q3 2025 and $76.4 million in Q3 2023.
  • Cash generation exceeded capital spending in the latest quarter. Operating cash flow less capital expenditures was approximately $67.3 million in Q3 2026, compared with roughly $31.9 million in Q3 2025 and $12.1 million in Q3 2024.
  • Debt repayment has resumed. Valvoline repaid $62.8 million of debt in Q3 2026, following $27.4 million of repayments in Q2. Total debt declined to approximately $1.60 billion from roughly $1.65 billion at the end of Q1 2026.
  • Investment spending remains elevated. Capital expenditures have generally increased alongside the business, reaching $57.1 million in Q3 2026. Acquisitions were modest in Q2 and Q3 2026 after a $635.6 million acquisition outlay in Q1, suggesting that recent balance-sheet changes were heavily influenced by acquisition activity.
  • Interest costs continue to weigh on earnings. Reported net interest and other expense was approximately $26.6 million in Q3 2026, absorbing a meaningful portion of operating income and reflecting the company’s substantial debt burden.
  • Liquidity and balance-sheet leverage remain key risks. At June 30, 2026, cash was only $84.2 million versus $405.4 million of current liabilities, implying a current ratio of about 0.70. Total liabilities of $3.06 billion also represented roughly 88% of total assets, while goodwill stood at $1.28 billion, increasing exposure to refinancing and impairment risks.

Overall, Valvoline’s operating business is showing a positive trend: revenue, margins, earnings per share and continuing operating cash flow have all improved from the 2022-2024 period. However, investors should weigh that progress against high leverage, sizable interest expense, low cash relative to current obligations and the company’s reliance on disciplined capital allocation following its recent acquisition activity.

09/12/26 04:20 PM ETAI Generated. May Contain Errors.

Valvoline Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Valvoline's financial year ends in September. Their financial year 2025 ended on September 30, 2025.

Valvoline's net income appears to be on an upward trend, with a most recent value of $210.70 million in 2025, rising from $196 million in 2015. The previous period was $211.50 million in 2024. See Valvoline's forecast for analyst expectations on what's next for the company.

Valvoline's total operating income in 2025 was $389.90 million, based on the following breakdown:
  • Total Gross Profit: $658.50 million
  • Total Operating Expenses: $268.60 million

Over the last 10 years, Valvoline's total revenue changed from $1.97 billion in 2015 to $1.71 billion in 2025, a change of -13.1%.

Valvoline's total liabilities were at $2.33 billion at the end of 2025, a 3.5% increase from 2024, and a 8.2% increase since 2016.

In the past 9 years, Valvoline's cash and equivalents has ranged from $23.40 million in 2022 to $760 million in 2020, and is currently $51.60 million as of their latest financial filing in 2025.

Over the last 10 years, Valvoline's book value per share changed from 0.00 in 2015 to 2.66 in 2025, a change of 266.3%.


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Financial statements for NYSE:VVV last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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