11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.7% per year over the past 5 years.
Net income has grown slower than revenue (-7.8% vs 18.7% per year).
Operating margin has been roughly flat, at 22.8% in the latest year.
Free cash flow has declined 32.8% per year over the past 5 years.
Financial health
Total debt ($1.1B) exceeds cash ($52M); net debt is $1.0B.
Total debt has grown slower than revenue (-11.4% vs 18.7% per year).
Operating income covered interest expense 5.3× in the latest year, up from 1.7× 5 years ago.
Total debt is 2.8× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.7B
$211M
38.5%
22.8%
62.2%
7.9%
$38M
$1.1B
$52M
2024
$1.6B
$212M
38.2%
22.7%
114.0%
8.7%
$41M
$1.1B
$68M
2023
$1.4B
$1.4B
37.7%
17.1%
698.7%
49.1%
-$221M
$1.6B
$409M
2022
$1.2B
$424M
38.5%
17.8%
138.4%
12.4%
$152M
$1.7B
$23M
2021
$1.0B
$420M
41.7%
23.1%
312.5%
13.2%
$301M
$1.7B
$123M
2020
$727M
$317M
41.4%
22.0%
-416.6%
10.4%
$278M
$2.0B
$640M
2019
$2.4B
$208M
33.9%
16.7%
-80.7%
10.1%
$217M
$1.3B
$159M
2018
$2.3B
$166M
35.3%
17.3%
-46.4%
9.0%
$227M
$1.3B
$96M
2017
$2.1B
$304M
37.2%
18.9%
-259.8%
15.9%
-$198M
$1.1B
$201M
2016
—
$273M
—
—
-82.7%
15.0%
$245M
$743M
$172M
2015
—
$196M
—
—
31.8%
—
$285M
—
$0
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$545M
$65M
39.5%
20.6%
15.5%
1.9%
$67M
$1.6B
$84M
Mar '26
$504M
$45M
37.1%
17.1%
12.7%
1.3%
$38M
$1.7B
$85M
Dec '25
$462M
-$33M
37.4%
4.0%
-10.7%
-1.0%
$7M
$1.7B
$70M
Sep '25
$454M
$25M
39.1%
18.6%
7.4%
0.9%
$23M
$1.1B
$52M
Jun '25
$439M
$57M
40.5%
21.6%
18.0%
2.2%
$32M
$1.1B
$68M
Mar '25
$403M
$38M
37.3%
16.6%
15.1%
1.5%
-$5M
$1.1B
$62M
Dec '24
$414M
$92M
36.9%
34.7%
39.9%
3.9%
-$12M
$1.0B
$60M
Sep '24
$436M
$92M
39.1%
30.9%
49.7%
3.8%
$30M
$1.1B
$68M
Jun '24
$421M
$46M
39.7%
22.2%
43.1%
1.9%
$10M
$1.1B
$66M
Mar '24
$389M
$41M
37.6%
19.7%
68.9%
1.5%
$23M
$1.6B
$495M
Dec '23
$373M
$32M
36.1%
16.8%
49.2%
1.2%
-$22M
$1.6B
$421M
Sep '23
$390M
$49M
38.0%
18.0%
24.1%
1.7%
-$47M
$1.6B
$409M
Jun '23
$376M
$62M
40.1%
23.0%
21.6%
2.1%
-$205M
$1.6B
$527M
Mar '23
$345M
$1.2B
36.8%
17.8%
89.4%
28.7%
$79M
$1.6B
$2.3B
Dec '22
$333M
$82M
35.7%
8.8%
28.3%
2.3%
-$49M
$1.9B
$21M
Sep '22
$335M
$158M
38.5%
20.0%
51.4%
4.6%
$51M
$1.7B
$23M
Jun '22
$317M
$98M
40.3%
19.3%
43.5%
2.9%
$64M
$1.7B
$26M
Mar '22
$296M
$81M
36.3%
13.5%
40.6%
2.5%
$38M
$1.7B
$29M
Dec '21
$287M
$87M
39.1%
18.1%
52.0%
2.7%
-$200000
$1.7B
$43M
Sep '21
$295M
$169M
40.4%
29.7%
125.6%
5.3%
$111M
$1.7B
$123M
Valuation over time
How the market has priced VVV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.5× (Mar '23) to 20.8× (Nov '26).
The price-to-sales ratio has fallen from 3.6× (Mar '23) to 2.6× (Nov '26).
The dividend yield has fallen from 2.0% (Mar '23) to 0.4% (Aug '24).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VVV growing its revenue and profit?
Over the past 5 years, Valvoline Inc's revenue has grown 18.7% per year, and net income declined 7.8% per year. These are computed facts, not advice.
How much debt does VVV have?
As of FY2025, Valvoline Inc reported $1.1B of total debt against $52M of cash; operating income covered interest expense 5.3×.
What is VVV's profit margin?
In FY2025, gross margin was 38.5%, operating margin 22.8%, and net margin 12.3%.
What is VVV's P/E ratio?
Valvoline Inc's P/E (TTM) is 43.20 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VVV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 20.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.