VALVOLINE INC (VVV)
Valvoline Inc. is a prominent provider, involved in the manufacturing, distribution, and commercialization of a comprehensive range of engine and vehicle care products and related services. Its operations are structured into two distinct divisions: Retail Services and Global Products. Valvoline's extensive product portfolio encompasses various types of lubricants designed for passenger vehicles, light-duty trucks, and heavy-duty machinery. It also supplies antifreeze and coolants specifically tailored for original equipment manufacturers (OEMs). Furthermore, the company provides essential functional and maintenance fluids, including brake fluid and power steering fluid, alongside specialized coatings utilized in both automotive and industrial sectors. For light-duty vehicles, it manufactures oil and air filters. Complementing these, additional offerings include items such as vehicle batteries, windshield wiper components, illumination bulbs, serpentine drive belts, and drain plugs. A key component of its service arm is the operation of Valvoline Instant Oil Change service centers. By the close of September 2021, Valvoline boasted a network of nearly 1,600 quick-lube establishments, both company-owned and franchised. These include Valvoline Instant Oil Change outlets across the United States and Great Canadian Oil Change locations throughout Canada. Beyond its direct consumer services, Valvoline supplies various partners, such as automotive dealerships, independent repair garages, and other rapid oil change facilities. This outreach is further extended via a network of distributors and licensed partners. Globally, Valvoline maintains a significant presence, with activities spanning North America, Europe, the Middle East, Africa, the Asia-Pacific region, and Latin America. Established in 1866, the corporation's central administrative functions are based in Lexington, Kentucky.
Sector: Miscellaneous Products of Petroleum & Coal
Industry: Auto - Dealerships
Valvoline Inc.
NYSE:VVVConsumer Cyclical · Auto - Dealerships
-2.85%$34.81
CLOSED · Nov 6Prev close$35.83-2.85%Close$34.810.00%AH close$34.81
AH$34.81+0.00%vs close
Mkt Cap$4.44B
Float126.73M
O/S127.6M
VOL1.6M sh
$ Vol$55.82M
RVOL0.63×
Inst Own-
Dilution
Financials Summary
Revenue$1.71B
Net Income$210.7M
Total Assets$2.67B
Free Cash Flow$38M
Debt & Equity
Debt 83%
Equity 17%
Total Debt$1.67B
Total Equity$338.5M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VVV's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.67B
Liabilities$2.33B
Accounts Receivable$89.6M
Accounts Payable$118.9M
Inventory$42.6M
PP&E (Net)$1.47B
Goodwill$658M
Intangible Assets$82.5M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 |
| Revenue | $1.71B | $1.62B | $1.44B | $1.24B | $1.04B | $727M | $2.39B | $2.29B | $2.08B | $1.93B | $1.97B | $2.04B | $2B |
| YoY Growth | 5.6% | 12.2% | 16.8% | 19.2% | 42.7% | -69.6% | 4.6% | 9.6% | 8.0% | -1.9% | -3.6% | 2.2% | - |
| Cost of Revenue | $1.05B | $1B | $899M | $759.7M | $604.9M | $426M | $1.58B | $1.48B | $1.31B | $1.17B | $1.28B | $1.41B | $1.34B |
| Gross Profit | $658.5M | $618.8M | $544.5M | $476.4M | $432.3M | $301M | $810M | $806M | $778M | $761M | $685.1M | $632M | $657.9M |
| Gross Margin | 38.5% | 38.2% | 37.7% | 38.5% | 41.7% | 41.4% | 33.9% | 35.3% | 37.3% | 39.5% | 34.8% | 31.0% | 33.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $13M | $14M | $13M | $13M | $11M | $11M | $11.3M |
| Selling, General, and Administrative | $349.9M | $316.8M | $236.9M | $251.6M | $95.7M | $122.3M | $449M | $430M | $375M | $270M | $290.8M | $303M | $213.4M |
| Other | -$81.3M | -$65.2M | $60.4M | $4.5M | $96.5M | $18.5M | -$60M | $0 | $136M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $268.6M | $251.6M | $297.3M | $256.1M | $192.2M | $140.8M | $449M | $430M | $375M | $342M | $359.8M | $378M | $290.1M |
| Operating Income (EBIT) | $389.9M | $367.2M | $247.2M | $220.3M | $240.1M | $160.2M | $398M | $395M | $532M | $431M | $323.1M | $264M | $380.6M |
| Operating Margin | 22.8% | 22.7% | 17.1% | 17.8% | 23.1% | 22.0% | 16.7% | 17.3% | 25.5% | 22.3% | 16.4% | 12.9% | 19.1% |
| Interest Expense | $74M | $71.9M | $38.3M | $69.3M | $108.3M | $74M | $73M | $63M | $42M | $9M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$97.6M | -$83.6M | -$10.7M | -$76.2M | $19.9M | -$37.2M | -$133M | -$63M | -$42M | -$10M | -$26M | $0 | $0 |
| Income Before Tax (EBT) | $292.3M | $283.6M | $236.5M | $144.1M | $260M | $123M | $265M | $332M | $490M | $421M | $296.8M | $264M | $380.6M |
| Income Tax Expense | $77.5M | $69.1M | $37.1M | $34.7M | $59.9M | $53.4M | $57M | $166M | $186M | $148M | $100.7M | $91M | $134.5M |
| Net Income | $210.7M | $211.5M | $1.42B | $424.3M | $420.3M | $316.6M | $208M | $166M | $304M | $273M | $196.1M | $173M | $246.1M |
| Net Income Margin | 12.3% | 13.1% | 98.4% | 34.3% | 40.5% | 43.5% | 8.7% | 7.3% | 14.6% | 14.2% | 10.0% | 8.5% | 12.3% |
| Supplementary Data | |||||||||||||
| EPS | 1.65 | 1.63 | 8.79 | 2.37 | 2.30 | 1.70 | 1.10 | 0.84 | 1.49 | 1.60 | 0.98 | 0.87 | 1.23 |
| Diluted EPS | 1.64 | 1.61 | 8.73 | 2.35 | 2.29 | 1.69 | 1.10 | 0.84 | 1.49 | 1.60 | 0.98 | 0.87 | 1.23 |
| Weighted Average OS | 127.90M | 130.10M | 161.60M | 179.10M | 182.50M | 187.00M | 189.00M | 197.00M | 204.00M | 170.00M | 200.00M | 200.00M | 200.00M |
| EBITDA | $510.7M | $472.4M | $368.8M | $284.8M | $430.4M | $256.3M | $382M | $449M | $562M | $457M | $363M | $301M | $403.5M |
| EBITDA Margin | 29.9% | 29.2% | 25.5% | 23.0% | 41.5% | 35.3% | 16.0% | 19.6% | 27.0% | 23.7% | 18.5% | 14.7% | 20.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $51.6M | $68.3M | $409.1M | $23.4M | $122.6M | $760M | $159M | $96M | $201M | $172M | $200K | $0 |
| Short-Term Investments | $0 | $0 | $347.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 |
| Cash and Short-Term Investments | $51.6M | $68.3M | $756.6M | $23.4M | $122.6M | $760M | $159M | $96M | $201M | $172M | $300K | $0 |
| Accounts Receivable | $89.6M | $86.4M | $81.3M | $66.1M | $65.3M | $433M | $401M | $409M | $385M | $363M | $334.6M | $388M |
| Inventory | $42.6M | $39.7M | $33.3M | $29.4M | $27.4M | $199M | $194M | $176M | $175M | $139M | $125.6M | $133M |
| Other Current Assets | $37.6M | $61M | $65.5M | $1.46B | $794.5M | $1M | $43M | $44M | $29M | $56M | $17.1M | $23.7M |
| Total Current Assets | $243.7M | $255.4M | $936.7M | $1.62B | $1.04B | $1.44B | $797M | $725M | $790M | $730M | $477.3M | $544.7M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $1.47B | $1.26B | $1.08B | $916.7M | $785.9M | $874M | $498M | $420M | $391M | $324M | $253.5M | $272.4M |
| Goodwill | $658M | $615.3M | $578M | $548.2M | $512.8M | $445M | $430M | $381M | $330M | $264M | $169.4M | $167.9M |
| Intangible Assets | $82.5M | $90.3M | $102.6M | $114.9M | $129.5M | $84M | $74M | $67M | $5M | $3M | $1.6M | $6.3M |
| Long-Term Investments | $4.3M | $0 | $0 | $12.6M | $47M | $44M | $34M | $31M | $30M | $60M | $28.9M | $44M |
| Deferred Tax Assets | $38.3M | $0 | $0 | $61.6M | $14M | $34M | $123M | $138M | $281M | $389M | $7.8M | $8.1M |
| Other Long-Term Assets | $177.2M | $220.4M | $187.8M | $141.7M | $664.7M | $132M | $108M | $92M | $88M | $55M | $39.4M | $39.1M |
| Total Long-Term Assets | $2.43B | $2.18B | $1.95B | $1.8B | $2.15B | $1.61B | $1.27B | $1.13B | $1.13B | $1.09B | $500.6M | $537.8M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.67B | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B | $977.9M | $1.08B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $118.9M | $117.4M | $118.7M | $45M | $38.6M | $189M | $171M | $178M | $192M | $177M | $174M | $177.5M |
| Short-Term Debt | $72.6M | $68.4M | $65.3M | $199.9M | $48.3M | $36M | $15M | $30M | $90M | $19M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7M | $19M | $26M | $24.1M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $135.4M | $168.1M | $178.3M | $674.5M | $481.8M | $219M | $237M | $203M | $163M | $160M | $79.8M | $80.2M |
| Total Current Liabilities | $347.4M | $353.9M | $362.3M | $919.4M | $568.7M | $444M | $423M | $411M | $478M | $400M | $298.6M | $293.5M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $1.05B | $1.07B | $1.56B | $1.53B | $1.64B | $1.96B | $1.33B | $1.29B | $1.03B | $724M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $26M | $1M | $0 | $0 | $0 | $2M | $23.8M | $18.2M |
| Other Long-Term Liabilities | $389.7M | $342.2M | $315.9M | $246.7M | $436.7M | $420M | $517M | $462M | $462M | $1.02B | $34.2M | $41.6M |
| Total Long-Term Liabilities | $1.98B | $1.9B | $2.32B | $2.19B | $2.49B | $2.68B | $1.9B | $1.8B | $1.55B | $1.75B | $62.2M | $64.2M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.33B | $2.25B | $2.69B | $3.11B | $3.06B | $3.13B | $2.32B | $2.21B | $2.03B | $2.15B | $360.8M | $357.7M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.3M | $1.3M | $1.3M | $1.8M | $1.8M | $2M | $2M | $2M | $2M | $2M | $0 | $751.4M |
| Retained Earnings | $273.6M | $123.2M | $140.7M | $282M | $90M | -$110M | -$284M | -$399M | -$167M | $0 | $0 | $0 |
| Comprehensive Income & Other | $5.2M | $9.9M | $13.2M | -$21.3M | $7.5M | $8M | $11M | $32M | $43M | -$3M | -$60.6M | -$26.6M |
| Other Stockholders' Equity | $63.6M | $61.1M | $61.2M | $22.8M | $42.7M | $32M | $24M | $39M | $48M | -$332M | $617.1M | -$26.6M |
| Total Equity | $338.5M | $185.6M | $203.2M | $306.6M | $134.5M | -$76M | -$258M | -$358M | -$117M | -$330M | $617.1M | $724.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.67B | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B | $977.9M | $1.08B |
| Supplementary Data | ||||||||||||
| Total Debt | $1.67B | $1.63B | $2.07B | $2.14B | $2.07B | $2.3B | $1.4B | $1.37B | $1.18B | $749M | $4.2M | $4.4M |
| Net Debt | $1.62B | $1.56B | $1.66B | $2.12B | $1.95B | $1.54B | $1.24B | $1.27B | $981M | $577M | $4.2M | $4.4M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 |
| Operating Activities | |||||||||||||
| Net Income | $210.7M | $214.5M | $199.4M | $109.4M | $200.1M | $69.6M | $208M | $166M | $304M | $273M | $196M | $173M | $246.1M |
| Depreciation & Amortization | $119.4M | $105.9M | $88.8M | $71.4M | $62.1M | $40.6M | $61M | $54M | $42M | $38M | $38M | $37M | $35.7M |
| Deferred Income Tax | $38.3M | $23.5M | $33.6M | $18M | $56.9M | $68.7M | $23M | $145M | $117M | $13M | -$9M | -$16M | $37.7M |
| Stock-Based Compensation | $10.5M | $12M | $12.2M | $14.4M | $13.7M | $12.1M | $9M | $12M | $9M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$3.1M | -$900K | $26.4M | -$17.5M | -$17.4M | $1.7M | -$30M | -$38M | -$22M | -$17M | $53M | -$31M | -$1.3M |
| Inventory | -$5.4M | -$7.7M | -$3.3M | -$5.4M | -$5.3M | -$2.3M | -$10M | -$4M | -$35M | -$4M | -$6M | $8M | -$18.9M |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$49M | -$7.3M | -$8M | $12M |
| Other Working Capital | -$26.5M | -$25.2M | $25.6M | -$104M | -$93.4M | -$59.8M | $10M | -$37M | -$64M | $92M | $17.3M | $9M | -$30.8M |
| Total Working Capital Change | -$35M | -$33.8M | $48.7M | -$126.9M | -$116.1M | -$60.4M | -$30M | -$79M | -$121M | $22M | $57M | -$22M | -$39M |
| Other Non-Cash Items | -$46.7M | -$57M | -$423.5M | $197.9M | $187.2M | $241.1M | $54M | $22M | -$481M | -$35M | $48M | -$2M | -$7.6M |
| Net Cash from Operating | $297.2M | $265.1M | -$40.8M | $284.2M | $403.9M | $371.7M | $325M | $320M | -$130M | $311M | $330M | $170M | $272.9M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$259.2M | -$224.4M | -$180.5M | -$132M | -$103.1M | -$94M | -$108M | -$93M | -$68M | -$66M | -$45M | -$37M | -$40.9M |
| Acquisitions | -$65M | $18.8M | -$36.3M | -$50.7M | -$281.7M | -$40.1M | -$78M | -$125M | -$68M | -$83M | $18M | -$2M | -$200K |
| Purchases of Investments | -$4.5M | -$3.5M | -$440.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $350M | $80M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $127.6M | -$4.1M | $2.62B | -$24.9M | -$15.1M | -$88.5M | -$2M | $5M | $1M | $1M | $1M | $1M | $500K |
| Net Cash from Investing | -$201.1M | $136.8M | $2.04B | -$207.6M | -$399.9M | -$222.6M | -$188M | -$213M | -$135M | -$148M | -$26M | -$38M | -$40.6M |
| Financing Activities | |||||||||||||
| Debt Repaid | $31M | $498.8M | -$100K | $15.1M | $272.1M | -$508.1M | -$18M | -$197M | -$380M | -$735M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $719M | $0 | $0 | $0 |
| Common Stock Repurchases | -$76.8M | -$226.8M | -$1.52B | -$142.6M | -$126.9M | -$59.8M | $0 | -$325M | -$50M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$21.8M | -$89.2M | -$90.9M | -$84.3M | -$80M | -$58M | -$40M | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$5.1M | -$20.7M | -$127.1M | $28M | -$45.6M | $86.3M | -$9M | -$23M | $5M | -$1.44B | -$304M | -$132M | -$232.3M |
| Net Cash from Financing | -$112.9M | -$746.3M | -$1.67B | -$218.9M | -$535.5M | $450.3M | -$71M | -$209M | $295M | $10M | -$304M | -$132M | -$232.3M |
| Forex Effect | -$300K | $4M | -$100K | -$5.2M | $2.4M | $1.7M | -$3M | -$3M | -$1M | -$1M | $0 | $0 | $0 |
| Net Change in Cash | -$17.1M | -$340.4M | $329.2M | -$147.5M | -$529.1M | $601.1M | $63M | -$105M | $29M | $172M | $0 | $0 | $0 |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $297.2M | $265.1M | -$40.8M | $284.2M | $403.9M | $371.7M | $325M | $320M | -$130M | $311M | $330M | $170M | $272.9M |
| Capital Expenditure | -$259.2M | -$224.4M | -$180.5M | -$132M | -$103.1M | -$94M | -$108M | -$93M | -$68M | -$66M | -$45M | -$37M | -$40.9M |
| Free Cash Flow | $38M | $40.7M | -$221.3M | $152.2M | $300.8M | $277.7M | $217M | $227M | -$198M | $245M | $285M | $133M | $232M |
| Cash at Beginning | $68.7M | $409.1M | $83.9M | $231.4M | $760.5M | $159.4M | $96M | $201M | $172M | $0 | $0 | $0 | $0 |
| Cash at End | $51.6M | $68.7M | $413.1M | $83.9M | $231.4M | $760.5M | $159M | $96M | $201M | $172M | $0 | $0 | $0 |