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Operates quick-lube oil change service centers (Valvoline Instant Oil Change) across the US.
Operates quick-lube oil change service centers (Valvoline Instant Oil Change) across the US.
Earns a charge for each oil change and maintenance visit at company-run centers and royalties from franchised ones, with repeat visits the engine of the model. Since selling its lubricant-products business to Aramco in 2023, the company has been a pure service retailer.
Moat: narrow (brand, distribution, installed base). Recognized brand and large service-center network offering fast, no-appointment service.
Headquarters: Lexington, Kentucky, United States · Founded: 1866 · Employees: 11,400
Size Valvoline (VVV) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $4.44B, the 1275th largest of 3,117 United States companies the cockpit tracks. Shares closed at $34.81 on 6 Nov 2026.
Performance Over six months the shares fell 2.3%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 16.1% over the last twelve months (peer median +9.5%); the operating margin is 17.7% (peer median 13.3%).
Valuation It trades at 19.4× forward earnings against a peer median of 16.4× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.4 points above its cost of capital (8.5% WACC).
Credit Valvoline has 2 bonds outstanding ($1.14B), rated B+ by the agencies and trading like BBB- at a weighted spread of 159 bp.
Short interest Short interest is 11.5% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.96B | $1.71B | $1.62B | $1.44B | $1.24B |
| Revenue growth | — | +6% | +12% | +17% | — |
| Gross profit | $752M | $658M | $619M | $544M | $476M |
| EBITDA | $490M | $428M | $420M | $369M | $303M |
| Net income | $102M | $211M | $212M | -$152M | $424M |
| Free cash flow | $135M | $38.0M | $40.7M | -$221M | $152M |
| Capital expenditure | $271M | $259M | $224M | $180M | $132M |
| Total debt | $1.98B | $1.67B | $1.63B | $2.07B | $2.14B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Valvoline VVV | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% |
| Driven Brands DRVN | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% |
| Shell Plc Sponsored ADR SHEL | $290B | +18% | +18% | 16% | 8.2× | -16.6% |
| Monro MNRO | $343M | -38% | -4% | 2% | n/a | 19.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VVV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.9% | +4.6% | 9th highest of 21 |
| 6-month return | -2.3% | +0.2% | 10th lowest of 21 |
| Distance from 52-week high | -15.3% | -19.9% | 7th highest of 21 |
| Revenue growth (TTM) | +16.1% | +9.5% | 7th highest of 21 |
| Operating margin | 17.7% | 13.3% | 8th highest of 21 |
| Forward P/E | 19.4× | 16.4× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 10.3% | 4.7% | 4th most demanding of 19 |
| Growth delivered (Del g) | -6.2% | +15.8% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | +16.5 pp | -18.0 pp | 2nd most demanding of 19 |
| ROIC minus cost of capital | +3.4 pp | +8.5 pp | 8th lowest of 20 |
| EV / EBITDA | 12.9× | 10.5× | 5th most expensive of 19 |
| Net debt / EBITDA | 3.9× | 1.2× | 6th most indebted of 19 |
| Bond spread | 159 bp | 120 bp | 2nd widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Service Corporation International SCI | United States | $10.0B | -5% | +3% | 22% | 17.5× | 3.4% | +4.2% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
Valvoline has 2 bonds outstanding with $1.14B face value. The agencies rate it B+; its bonds trade like BBB-. Weighted yield 6.27%, a spread of 159 bp over government bonds.