VALVOLINE INC
VVV · Miscellaneous Products of Petroleum & Coal · 127.5M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.5B (gross $1.5B, SBC $12M)
Grade
B80Category-leading retail quick-lube franchise with pricing power, top-decile operating margins and ROA, offset by high leverage and weak liquidity.
Strengths
- Operating margin 22.8% (90th pct), net margin 77th pct and ROA 86th pct — strong, durable franchise economics
- Trusted brand (VIOC) with pricing power and recurring franchise/supply fee streams
Risks
- High leverage (D/E 3.1, 94th pct) and weak liquidity (current ratio 0.70, quick 0.58)
- Long-term EV adoption risk to lubricant demand and reliance on VGO supply agreement
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 3.10)
- Weak liquidityCurrent ratio 0.70 (<1)
- Buying back stockNet buyback — share count -4%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
38.5%
Operating margin
22.8%
Net margin
12.3%
Return on equity
62.2%
Return on assets
7.9%
ROIC
22.2%
Revenue growth (QoQ)
9.1%
Net-income growth
-0.4%
Debt / equity
3.1×
Current ratio
0.7×
Free cash flow
$38M
Tangible book value
-$402M
Cash & investments
$52M
Stock comp / revenue
0.6%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-09 | Exec/director change | filing ↗ |
| 2026-02-04 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-29 | Exec/director changeShareholder vote | filing ↗ |
| 2026-01-05 | Exec/director change | filing ↗ |
| 2025-12-11 | Reg FDExhibits | filing ↗ |
| 2025-12-01 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2025-11-19 | Exec/director changeOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-07 | 2026-05-07 | 0001674910-26-000040 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001674910-26-000045 ↗ |
| 8-K | 2026-03-09 | 2026-03-06 | 0001674910-26-000027 ↗ |
| 10-Q | 2026-02-04 | 2025-12-31 | 0001674910-26-000015 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001674910-26-000010 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0001674910-26-000006 ↗ |
| 8-K | 2026-01-05 | 2025-12-29 | 0001674910-26-000002 ↗ |
| 8-K | 2025-12-11 | 2025-12-11 | 0001674910-25-000140 ↗ |
| 8-K | 2025-12-01 | 2025-12-01 | 0001674910-25-000136 ↗ |
| 10-K | 2025-11-21 | 2025-09-30 | 0001674910-25-000135 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0001674910-25-000133 ↗ |
| 8-K | 2025-11-19 | 2025-11-13 | 0001674910-25-000134 ↗ |