VALVOLINE INC VVV
Valvoline Inc. is a leader in automotive preventive maintenance delivering convenient and trusted services in its retail stores throughout the United States ("U.S.") and Canada. The terms "Valvoline," the "Company," "we," "us," "management," and "our" as used herein refer to Valvoline Inc., its predecessors and its consolidated subsidiaries, except where the context indicates otherwise.
As the quick, easy, trusted leader in automotive preventive maintenance, Valvoline is creating shareholder value by driving the full potential of its core business, delivering sustainable network growth, and continuing to innovate to meet the evolving needs of customers and the car parc. With average customer ratings that indicate high levels of service satisfaction, Valvoline and the Company's franchise partners simplify vehicle care so customers can do what drives them. This includes approximately 15-minute stay-in-your-car oil changes; battery, bulb and wiper replacements; tire rotations; and other manufacturer recommended maintenance services. The Company operates and franchises approximately 2,200 service center locations through its Valvoline Instant Oil ChangeSM ("VIOC") and Valvoline Great Canadian Oil Change ("GCOC") retail locations and supports over 240 locations through its Express CareTM platform. For over 15 decades, Valvoline has consistently adapted to address changing technologies and customer needs and is well positioned to service evolving vehicle maintenance needs with its growing network of stores.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.62B | $1.44B | $1.24B | $1.04B | $727.0M | $2.39B | $2.29B | $2.08B | $1.93B |
| Cost of revenue | $1.05B | $1.00B | $899.0M | $759.7M | $604.9M | $426.0M | $1.58B | $1.48B | $1.31B | $1.18B |
| Gross profit | $658.5M | $618.8M | $544.5M | $476.4M | $432.3M | $301.0M | $810.0M | $806.0M | $776.0M | $748.0M |
| R&D | — | — | — | — | $15.0M | $13.0M | $13.0M | $14.0M | $13.0M | $13.0M |
| SG&A | $349.9M | $305.1M | $264.5M | $244.7M | $223.9M | $177.2M | $449.0M | $430.0M | $396.0M | $365.0M |
| Operating income | $389.9M | $367.2M | $247.2M | $220.3M | $240.1M | $160.2M | $398.0M | $395.0M | $394.0M | $396.0M |
| Pre-tax income | $292.3M | $283.6M | $236.5M | $144.1M | $260.0M | $123.0M | $265.0M | $332.0M | $490.0M | $421.0M |
| Income tax | $77.5M | $69.1M | $37.1M | $34.7M | $59.9M | $53.4M | $57.0M | $166.0M | $186.0M | $148.0M |
| Net income | $210.7M | $211.5M | $1.42B | $424.3M | $420.3M | $316.6M | $208.0M | $166.0M | $304.0M | $273.0M |
| EPS, basic | 1.65 | 1.63 | 8.79 | 2.37 | 2.30 | 1.70 | 1.10 | 0.84 | 1.49 | 1.60 |
| EPS, diluted | 1.64 | 1.61 | 8.73 | 2.35 | 2.29 | 1.69 | 1.10 | 0.84 | 1.49 | 1.60 |
| Shares, diluted (wtd. avg.) | $128.6M | $131.0M | $162.6M | $180.4M | $183.5M | $187.5M | $189.0M | $197.0M | $204.0M | $170.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $51.6M | $68.3M | $409.1M | $83.9M | $231.4M | $760.5M | $159.4M | $96.0M | $201.0M | $172.0M |
| Short-term investments | — | $0 | $347.5M | $0 | — | — | — | — | — | — |
| Receivables | $89.6M | $86.4M | $81.3M | $66.1M | $65.3M | $433.0M | $401.0M | $409.0M | $385.0M | $363.0M |
| Inventory | $42.6M | $39.7M | $33.3M | $29.4M | $27.4M | $199.0M | $194.0M | $176.0M | $175.0M | $139.0M |
| Total current assets | $243.7M | $255.4M | $936.7M | $1.62B | $1.04B | $1.44B | $797.0M | $725.0M | $790.0M | $730.0M |
| Property, plant and equipment | — | — | — | — | — | — | $498.0M | $420.0M | $391.0M | $324.0M |
| Goodwill | $658.0M | $615.3M | $578.0M | $548.2M | $512.8M | $316.1M | $430.0M | $381.0M | $330.0M | $264.0M |
| Other intangibles | $82.5M | $90.3M | $102.6M | $114.9M | $129.5M | $84.0M | $74.0M | $67.0M | $5.0M | $3.0M |
| Total assets | $2.67B | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B |
| Accounts payable | $118.9M | $117.4M | $118.7M | $45.0M | $38.6M | $189.0M | $171.0M | $178.0M | $192.0M | $177.0M |
| Short-term debt | $23.8M | $23.8M | $23.8M | $162.5M | $15.0M | $0 | $15.0M | $30.0M | $15.0M | $19.0M |
| Total current liabilities | $347.4M | $353.9M | $362.3M | $919.4M | $568.7M | $444.0M | $423.0M | $411.0M | $478.0M | $400.0M |
| Long-term debt | $1.05B | $1.07B | $1.56B | $1.53B | $1.64B | $1.96B | $1.33B | $1.29B | $1.03B | $724.0M |
| Retained earnings | $273.6M | $123.2M | $140.7M | $282.0M | $90.0M | -$110.0M | -$284.0M | -$399.0M | -$167.0M | $0 |
| Total equity | $338.5M | $185.6M | $203.2M | $306.6M | $134.5M | -$76.0M | -$257.8M | -$358.0M | -$117.0M | -$330.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $297.2M | $265.1M | -$40.8M | $284.2M | $403.9M | $371.7M | $325.0M | $320.0M | -$130.0M | $311.0M |
| Depreciation and amortisation | $104.9M | $89.2M | $72.0M | $54.7M | $46.8M | $31.2M | $52.0M | $49.0M | $42.0M | $38.0M |
| Stock-based compensation | $10.5M | $12.0M | $12.2M | $14.4M | $13.7M | $12.1M | $9.0M | $12.0M | $9.0M | $0 |
| Capital expenditure | $259.2M | $224.4M | $180.5M | $132.0M | $103.1M | $94.0M | $108.0M | $93.0M | $68.0M | $66.0M |
| Investing cash flow | -$201.1M | $136.8M | $2.04B | -$207.6M | -$399.9M | -$222.6M | -$188.0M | -$213.0M | -$135.0M | -$148.0M |
| Financing cash flow | -$112.9M | -$746.3M | -$1.67B | -$218.9M | -$535.5M | $450.3M | -$71.0M | -$209.0M | $295.0M | $10.0M |
| Dividends paid | $0 | $0 | $21.8M | $89.2M | $90.9M | $84.3M | $80.0M | $58.0M | $40.0M | $0 |
| Buybacks | $76.8M | $226.8M | $1.52B | $142.6M | $126.9M | $59.8M | $0 | $325.0M | $50.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001674910-25-000135.
Others in SIC 2990
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| KWR | QUAKER CHEMICAL CORP | $2.78B | — | 2.7% |