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VVV

Valvoline Inc.

VVV

Valvoline Inc. • NYSE
$31.31 ▼ -0.13% (-0.04)
Market Cap $3.98 B
52w High $41.33
52w Low $29.29
Dividend Yield 0%
P/E 18.75
Volume 898.15K
Outstanding Shares 127.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $453.8M ▲ $95.3M ▲ $25M ▼ 5.509% ▼ $0.71 ▲ $91M ▼
Q3-2025 $439M ▲ $82.9M ▼ $56.5M ▲ 12.87% ▲ $0.44 ▲ $125.3M ▲
Q2-2025 $403.2M ▼ $83.6M ▲ $37.6M ▼ 9.325% ▼ $0.29 ▼ $96.2M ▼
Q1-2025 $414.3M ▼ $9.1M ▼ $91.6M ▼ 22.11% ▲ $0.71 ▲ $172.7M ▲
Q4-2024 $435.5M $35.7M $92.3M 21.194% $-0.92 $120.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $51.6M ▼ $2.67B ▲ $2.332B ▲ $338.5M ▲
Q3-2025 $68.3M ▲ $2.562B ▲ $2.248B ▲ $313.6M ▲
Q2-2025 $61.9M ▲ $2.453B ▲ $2.204B ▲ $248.7M ▲
Q1-2025 $60M ▼ $2.35B ▼ $2.12B ▼ $229.8M ▲
Q4-2024 $68.3M $2.439B $2.253B $185.6M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $25.6M ▼ $121.9M ▲ $-129.2M ▼ $-9.3M ▼ $-14.1M ▼ $23M ▼
Q3-2025 $56.5M ▲ $86.9M ▲ $-82.2M ▼ $800K ▼ $6M ▲ $32M ▲
Q2-2025 $37.6M ▼ $47.2M ▲ $-53.7M ▼ $8.3M ▲ $1.9M ▲ $-4.6M ▲
Q1-2025 $91.6M ▼ $41.2M ▼ $64M ▲ $-112.7M ▼ $-8.3M ▼ $-12.4M ▼
Q4-2024 $95.3M $101.3M $-24.6M $-73.9M $2.7M $29.9M

Revenue by Products

Product Q3-2021Q1-2022Q2-2022Q3-2022
Global Products
Global Products
 $460.00M ▲$510.00M ▲$540.00M ▲$570.00M ▲
Retail Services
Retail Services
 $330.00M ▲$350.00M ▲$350.00M ▲$380.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Valvoline’s income statement shows a steady build in its core business. Sales have climbed each year, and gross profit has risen along with them, which suggests the company is either keeping pricing power, improving its mix, or managing costs reasonably well. Operating profit has also trended upward, showing better efficiency in turning sales into earnings. The headline net income in the prior year is clearly inflated by one‑time items, likely related to the business separation and asset sales, rather than normal operations. The more recent year looks much closer to a “steady state” level of profitability. Overall, this is a business with growing revenue and improving underlying margins, but investors should not extrapolate the unusually high profit figure from the previous year as the new normal.

Balance Sheet

Balance Sheet The balance sheet points to a company that is lean but quite leveraged. Total assets have come down over the last few years, which fits with the shift toward a more focused retail services model after separating the products business. Cash on hand recently dropped from a comfortable level to a relatively thin cushion, which reduces flexibility and heightens the importance of consistent cash generation. Debt remains sizable compared with the company’s equity, indicating a high level of financial leverage. Book equity is quite small relative to total assets, which can magnify both upside and downside in earnings. This structure can work if cash flows stay strong, but it leaves less room for error if business conditions weaken or investment needs rise.

Cash Flow

Cash Flow Cash flow is decent but not yet a standout strength. Over the past few years, Valvoline has generally produced positive cash from its operations, meaning the core business is bringing in cash rather than consuming it. There was an unusual dip into negative territory in the prior year, likely tied to working capital swings or one‑time items around the business separation, but the latest year shows a return to positive operating cash flow. Free cash flow, after spending on new stores and equipment, has been positive in most years but not especially large. Capital spending has risen, which is consistent with investing in store expansion and upgrades, but it also means there is less surplus cash left over. With modest free cash flow and relatively low cash on the balance sheet, the company does not appear cash‑rich and needs its operations to keep performing well to comfortably support debt and growth plans.

Competitive Edge

Competitive Edge Valvoline has a strong competitive position built on a very recognizable brand and a large, convenient service network. The Instant Oil Change centers, with their quick, “stay‑in‑your‑car” model and standardized multi‑point check, are a clear differentiator versus many local garages and some dealer services. This format emphasizes speed, simplicity, and transparency, which tends to resonate with time‑pressed drivers. The brand’s long history in lubricants, racing, and high‑mileage products reinforces trust and helps attract both retail customers and fleets. Operational playbooks across a large number of locations create consistency and allow for efficiency gains. Taken together, Valvoline’s scale, brand, and service model likely give it a durable edge in the quick‑service automotive maintenance niche, even as competition from dealerships, independents, and other chains remains active.

Innovation and R&D

Innovation and R&D Innovation has been a quiet but important pillar for Valvoline. Historically, the company has introduced several “firsts” in motor oil, from all‑season products to high‑mileage and hybrid‑specific fluids. These offerings show an ability to spot shifts in how long people keep cars, how they drive them, and what types of vehicles they buy. Recently launched products like Restore & Protect, designed to clean and protect engines over time, extend this pattern of using proprietary chemistry to stand out on shelves and in service bays. On the services side, the company is innovating in how it delivers maintenance, using digital tools, data, and a streamlined in‑bay process to make visits faster and more personalized. Importantly, Valvoline is also investing in fluids and services for hybrids and electric vehicles, including battery and thermal management solutions. That forward‑looking work does not eliminate the long‑term risk that EV adoption poses to traditional oil changes, but it does show the company is actively trying to reposition itself rather than simply defending the old model.

Summary

Valvoline today looks like a focused automotive service company with a well‑known brand, a distinctive quick‑service format, and a track record of product and service innovation. The income statement shows steadily growing revenue and improving underlying profitability, though the prior year’s outsized earnings appear to be one‑off and not indicative of ongoing performance. The main financial watchpoints are its leveraged balance sheet, relatively thin cash cushion, and only moderate free cash flow after investment spending. These factors increase sensitivity to any slowdown in traffic, higher costs, or missteps in expansion. Strategically, its strengths lie in brand trust, a large and convenient service network, and continued innovation in both traditional lubricants and emerging EV‑related products and services. Future results will depend on how well Valvoline can keep growing its store base, maintain strong repeat customer behavior, and successfully adapt its offering as the vehicle fleet gradually shifts toward more hybrids and electric vehicles.

NEWS

November 24, 2025 · 4:30 PM UTC

Valvoline Instant Oil Change Reaches One Million Dollar Fundraising Milestone for the American Cancer Society Road To Recovery® Program

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November 19, 2025 · 5:00 PM UTC

Valvoline Inc. Announces Nomination of Janet Wong and Chris Carr to its Board of Directors and Retirement of Board Members Mary Twinem and Vada Manager

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November 19, 2025 · 7:00 AM UTC

Valvoline Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

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November 11, 2025 · 7:30 AM UTC

Valvoline Instant Oil Change℠ Ranks 37th in Franchise Times Top 400

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November 5, 2025 · 7:30 AM UTC

Forbes Ranks Valvoline Instant Oil Change Among the Best in Customer Service

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