Valvoline Inc. (VVV) financial statements: income statement, balance sheet and cash flow
Valvoline Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Valvoline Inc. reported revenue of $1.7B (+5.6% year on year) and net income of $210.7M (-0.4% year on year).
Income statement
Valvoline Inc. income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2021 · FY
Net revenues
$1.7B
$1.6B
$1.4B
$3.0B
Cost of sales
$1.1B
$1.0B
$899.0M
$2.0B
Gross profit
$658.5M
$618.8M
$544.5M
$980.0M
Selling, general and administrative expenses
$349.9M
$305.1M
$264.5M
$520.0M
Net legacy and separation-related expenses (income)
$1.4M
($700.0K)
$32.8M
($24.0M)
Other income, net
($82.7M)
($52.8M)
$0
($44.0M)
Operating income
$389.9M
$367.2M
$247.2M
$528.0M
Net pension and other postretirement plan expenses (income)
$23.6M
$11.7M
($27.6M)
($126.0M)
Net interest and other financing expenses
$74.0M
$71.9M
$38.3M
$111.0M
Total income before income taxes
$292.3M
$283.6M
$236.5M
—
Income tax expense
$77.5M
$69.1M
$37.1M
$123.0M
Income from continuing operations
$214.8M
$214.5M
$199.4M
—
(Loss) income from discontinued operations, net of tax
($4.1M)
($3.0M)
$1.2B
—
Continuing operations, basic earnings per share (usd per share)
$1.68
$1.65
$1.24
—
Discontinued operations, basic earnings per share (usd per share)
-$0.03
-$0.02
$7.55
—
Basic earnings per share (usd per share)
$1.65
$1.63
$8.79
$2.30
Continuing operations, diluted earnings per share (usd per share)
$1.67
$1.63
$1.23
—
Discontinued operations, diluted earnings per share (usd per share)
-$0.03
-$0.02
$7.50
—
Diluted earnings per share (usd per share)
$1.64
$1.61
$8.73
$2.29
Weighted average common shares outstanding, basic (in shares)
127.9M
130.1M
161.6M
182.0M
Weighted average common shares outstanding, diluted (in shares)
128.6M
131.0M
162.6M
183.0M
Net income
$210.7M
$211.5M
$1.4B
$420.0M
Currency translation adjustments
($3.0M)
$4.2M
$43.7M
$7.0M
Amortization of pension and other postretirement plan prior service credits
($1.7M)
($1.7M)
($1.7M)
($9.0M)
Unrealized loss on cash flow hedges
$0
($5.8M)
($7.5M)
$2.0M
Other comprehensive (loss) income
($4.7M)
($3.3M)
$34.5M
$0
Comprehensive income
$206.0M
$208.2M
$1.5B
$420.0M
Valvoline Inc. income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
Net revenues
$544.6M
$503.8M
$461.8M
$439.0M
Cost of sales
$329.7M
$316.8M
$289.3M
$261.4M
Gross profit
$214.9M
$187.0M
$172.5M
$177.6M
Selling, general and administrative expenses
$103.0M
$98.7M
$106.8M
$85.5M
Net legacy and separation-related expenses
$100.0K
$900.0K
$5.2M
$400.0K
Other (income) loss, net
($400.0K)
$1.4M
$42.2M
($3.0M)
Operating income
$112.2M
$86.0M
$18.3M
$94.7M
Net pension and other postretirement plan income
($1.3M)
($1.2M)
($1.2M)
($900.0K)
Net interest and other financing expenses
$27.9M
$27.7M
$25.5M
$18.6M
Income before income taxes
$85.6M
$59.5M
($6.0M)
$77.0M
Income tax expense
$20.6M
$14.2M
$26.2M
$20.0M
Income from continuing operations
$65.0M
$45.3M
($32.2M)
$57.0M
Loss from discontinued operations, net of tax
($500.0K)
($500.0K)
($600.0K)
($500.0K)
Continuing operations, basic earnings (loss) per share (usd per share)
$0.51
$0.35
-$0.25
$0.45
Discontinued operations, basic earnings (loss) per share (usd per share)
$0.00
$0.00
-$0.01
-$0.01
Basic (loss) earnings per share (usd per share)
$0.51
$0.35
-$0.26
$0.44
Continuing operations, diluted earnings (loss) per share (usd per share)
$0.51
$0.35
-$0.25
$0.44
Discontinued operations, diluted earnings (loss) per share (usd per share)
$0.00
$0.00
-$0.01
$0.00
Diluted earnings per share (usd per share)
$0.51
$0.35
-$0.26
$0.44
Basic (in shares)
127.8M
127.8M
127.7M
127.6M
Diluted (in shares)
128.4M
128.4M
127.7M
128.2M
Net income
$64.5M
$44.8M
($32.8M)
$56.5M
Currency translation adjustments
($2.4M)
($1.7M)
$1.7M
$6.2M
Amortization of pension and other postretirement plan prior service credits
($400.0K)
($400.0K)
($400.0K)
($500.0K)
Other comprehensive (loss) income
($2.8M)
($2.1M)
$1.3M
$5.7M
Comprehensive income
$61.7M
$42.7M
($31.5M)
$62.2M
Balance sheet
Valvoline Inc. balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2021 · FY
Cash and cash equivalents
$51.6M
$68.3M
$409.1M
$230.0M
Receivables, net
$89.6M
$86.4M
$81.3M
$496.0M
Inventories, net
$42.6M
$39.7M
$33.3M
$258.0M
Prepaid expenses and other current assets
$59.9M
$61.0M
$65.5M
$53.0M
Total current assets
$243.7M
$255.4M
$936.7M
$1.0B
Property, plant and equipment, net
$1.1B
$958.7M
$818.3M
$817.0M
Operating lease assets
$331.8M
$298.6M
$266.5M
$307.0M
Goodwill and intangibles, net
$740.5M
$705.6M
$680.6M
$775.0M
Other noncurrent assets
$219.8M
$220.4M
$187.8M
$194.0M
Total noncurrent assets
$2.4B
$2.2B
$2.0B
$2.2B
Total assets
$2.7B
$2.4B
$2.9B
$3.2B
Current portion of long-term debt
$23.8M
$23.8M
$23.8M
$17.0M
Trade and other payables
$118.9M
$117.4M
$118.7M
$246.0M
Accrued expenses and other liabilities
$204.7M
$212.7M
$215.9M
$306.0M
Total current liabilities
$347.4M
$353.9M
$362.3M
$569.0M
Long-term debt
$1.1B
$1.1B
$1.6B
$1.7B
Employee benefit obligations
$187.5M
$176.2M
$168.0M
$258.0M
Operating lease liabilities
$315.3M
$279.7M
$247.3M
$274.0M
Other noncurrent liabilities
$431.5M
$373.3M
$346.8M
$252.0M
Total noncurrent liabilities
$2.0B
$1.9B
$2.3B
$2.5B
Preferred stock, no par value, 40 shares authorized; no shares issued and outstanding
0
0
0
0
Common stock, par value $0.01 per share, 400.0 shares authorized, 127.1 and 128.5 shares issued and outstanding at September 30, 2025 and 2024, respectively
$1300000.00
$1300000.00
$1300000.00
$2000000.00
Paid-in capital
$58.4M
$51.2M
$48.0M
$35.0M
Retained earnings
$273.6M
$123.2M
$140.7M
$90.0M
Accumulated other comprehensive income
$5.2M
$9.9M
$13.2M
$8.0M
Stockholders' equity
$338.5M
$185.6M
$203.2M
—
Total liabilities and stockholders’ equity
$2.7B
$2.4B
$2.9B
$3.2B
Valvoline Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$84.2M
$84.7M
$69.9M
$68.3M
Receivables, net
$102.8M
$92.6M
$98.5M
$89.8M
Inventories, net
$50.4M
$47.6M
$48.5M
$41.3M
Prepaid expenses and other current assets
$47.0M
$47.4M
$38.3M
$39.6M
Total current assets
$284.4M
$272.3M
$255.2M
$239.0M
Property, plant and equipment, net
$1.3B
$1.2B
$1.2B
$1.1B
Operating lease assets
$401.4M
$395.3M
$403.3M
$329.3M
Goodwill and intangibles, net
$1.3B
$1.3B
$1.3B
$713.1M
Other noncurrent assets
$231.8M
$226.9M
$221.4M
$229.7M
Total noncurrent assets
$3.2B
$3.1B
$3.1B
$2.3B
Total assets
$3.5B
$3.4B
$3.4B
$2.6B
Current portion of long-term debt
$31.1M
$31.2M
$31.2M
$23.8M
Trade and other payables
$119.8M
$112.7M
$113.4M
$100.8M
Accrued expenses and other liabilities
$254.5M
$227.4M
$219.2M
$202.9M
Total current liabilities
$405.4M
$371.3M
$363.8M
$327.5M
Long-term debt
$1.6B
$1.6B
$1.6B
$1.1B
Employee benefit obligations
$178.9M
$180.0M
$186.1M
$170.4M
Operating lease liabilities
$377.3M
$371.0M
$376.0M
$312.2M
Other noncurrent liabilities
$532.4M
$519.2M
$535.0M
$382.0M
Total noncurrent liabilities
$2.7B
$2.7B
$2.7B
$1.9B
Preferred stock, no par value, 40.0 shares authorized; no shares issued and outstanding
0
0
0
0
Common stock, par value $0.01 per share, 400.0 shares authorized; 127.6 and 127.1 shares issued and outstanding at June 30, 2026 and September 30, 2025, respectively
$1300000.00
$1300000.00
$1300000.00
$1300000.00
Paid-in capital
$63.7M
$61.8M
$59.0M
$55.5M
Retained earnings
$350.1M
$285.6M
$240.8M
$248.6M
Accumulated other comprehensive income
$1.6M
$4.4M
$6.5M
$8.2M
Total stockholders’ equity
$416.7M
$353.1M
$307.6M
$313.6M
Total liabilities and stockholders’ equity
$3.5B
$3.4B
$3.4B
$2.6B
Cash flow statement
Valvoline Inc. cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2021 · FY
Net income
$210.7M
$211.5M
$1.4B
$420.0M
Loss (income) from discontinued operations
$4.1M
$3.0M
($1.2B)
—
Loss on extinguishment of debt
$0
$5.1M
$0
$36.0M
Gain on sale of operations
($71.1M)
($41.8M)
—
—
Depreciation and amortization
$119.4M
$105.9M
$88.8M
$92.0M
Deferred income taxes
$38.3M
$23.5M
$33.6M
$48.0M
Loss (gain) on pension and other postretirement plan remeasurements
$26.6M
($2.4M)
($41.6M)
($72.0M)
Stock-based compensation expense
$10.5M
$12.0M
$12.2M
$14.0M
Other, net
$3.6M
($100.0K)
$11.9M
$4.0M
Receivables
($3.1M)
($900.0K)
$26.4M
($65.0M)
Inventories
($5.4M)
($7.7M)
($3.3M)
($53.0M)
Payables and accrued liabilities
$3.3M
($6.4M)
$111.3M
$95.0M
Other assets and liabilities
($29.8M)
($18.8M)
($85.7M)
($110.0M)
Operating cash flows from continuing operations
$307.1M
$282.9M
$353.0M
—
Operating cash flows from discontinued operations
($9.9M)
($17.8M)
($393.8M)
—
Total cash provided by (used in) operating activities
$297.2M
$265.1M
($40.8M)
$404.0M
Additions to property, plant and equipment
($259.2M)
($224.4M)
($180.5M)
($144.0M)
Acquisitions, net of cash acquired
($65.0M)
($52.7M)
($36.3M)
($282.0M)
Proceeds from sale of operations, net of cash disposed
$121.0M
$71.5M
—
—
Issuances of notes receivable
($24.2M)
—
—
—
Repayments of notes receivable
$21.2M
—
—
—
Purchases of investments
($4.5M)
($3.5M)
($440.4M)
—
Proceeds from investments
$6.0M
$350.0M
$80.0M
—
Other investing activities, net
$3.6M
($4.1M)
$0
$9.0M
Investing cash flows from continuing operations
($201.1M)
$136.8M
($577.2M)
—
Investing cash flows from discontinued operations
$0
$0
$2.6B
—
Total cash (used in) provided by investing activities
($201.1M)
$136.8M
$2.0B
($400.0M)
Proceeds from borrowings
$85.0M
$200.0M
$921.0M
$555.0M
Repayments on borrowings
($103.8M)
($698.8M)
($920.9M)
($829.0M)
Repurchases of common stock, including excise tax payments
($76.8M)
($226.8M)
($1.5B)
($127.0M)
Cash dividends paid
$0
$0
($21.8M)
($91.0M)
Financing cash flows from finance leases
($12.2M)
—
—
—
Other financing activities, net
($5.1M)
($20.7M)
($19.0M)
($11.0M)
Financing cash flows from continuing operations
($112.9M)
($746.3M)
($1.6B)
—
Financing cash flows from discontinued operations
$0
$0
($108.1M)
—
Total cash used in financing activities
($112.9M)
($746.3M)
($1.7B)
($536.0M)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash
($300.0K)
$0
($100.0K)
$2.0M
Decrease in cash, cash equivalents and restricted cash
($17.1M)
($344.4M)
$329.2M
($530.0M)
Cash, cash equivalents and restricted cash - beginning of year
$68.7M
$413.1M
$83.9M
$761.0M
Cash, cash equivalents and restricted cash - end of year
$51.6M
$68.7M
$413.1M
$231.0M
Interest paid
$56.1M
$78.2M
$69.6M
$62.0M
Income taxes paid
$35.8M
$31.3M
$373.8M
$72.0M
Valvoline Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net income
$76.5M
$12.0M
($32.8M)
$185.7M
Loss from discontinued operations
$1.6M
$1.1M
$600.0K
$3.5M
Loss (gain) on sale of operations
$43.6M
$43.6M
$43.1M
($71.6M)
Depreciation and amortization
$109.3M
$71.1M
$33.5M
$86.6M
Stock-based compensation expense
$9.3M
$5.9M
$2.4M
$7.4M
Other, net
$6.1M
$4.0M
$1.2M
$1.5M
Receivables
$600.0K
$12.6M
$9.4M
($700.0K)
Inventories
($4.3M)
($1.5M)
($2.5M)
($3.8M)
Payables and accrued liabilities
($700.0K)
($18.4M)
($23.3M)
($28.4M)
Other assets and liabilities
$42.6M
$29.7M
$33.2M
($200.0K)
Operating cash flows from continuing operations
$284.6M
$160.2M
$64.8M
$180.0M
Operating cash flows from discontinued operations
$0
$0
$0
($4.7M)
Total cash provided by operating activities
$284.6M
$160.2M
$64.8M
$175.3M
Additions to property, plant and equipment
($172.3M)
($115.2M)
($57.4M)
($160.3M)
Acquisitions, net of cash acquired
($652.5M)
($644.1M)
($635.6M)
($32.1M)
Proceeds from sale of operations
$63.6M
$63.6M
$63.6M
$121.0M
Issuances of notes receivable
($16.3M)
—
—
—
Repayments of notes receivable
$17.7M
—
—
—
Other investing activities, net
($1.5M)
$800.0K
($2.0M)
($900.0K)
Total cash used in investing activities
($761.3M)
($699.4M)
($631.4M)
($71.9M)
Proceeds from borrowings
$755.0M
$755.0M
$740.0M
$85.0M
Payments of debt issuance costs and discounts
($14.5M)
($13.7M)
($13.7M)
—
Repayments on borrowings
($214.7M)
($158.7M)
($135.9M)
($97.8M)
Repurchases of common stock, including excise taxes of $16.4 in fiscal 2025
$0
$0
$0
($76.8M)
Other financing activities, net
($16.3M)
($10.3M)
($5.7M)
($14.0M)
Total cash provided by (used in) financing activities
$509.5M
$572.3M
$584.7M
($103.6M)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash
($200.0K)
$0
$200.0K
($200.0K)
Increase (decrease) in cash, cash equivalents and restricted cash
$32.6M
$33.1M
$18.3M
($400.0K)
Cash, cash equivalents, and restricted cash - beginning of period
$51.6M
$51.6M
$51.6M
$68.7M
Cash, cash equivalents, and restricted cash - end of period