Valvoline Inc. (VVV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 503.8M | 461.8M | 453.8M | 439M | 403.2M | 414.3M | 435.5M | 421.4M | 388.7M | 373.4M | 390M | 376.2M | 344.5M | 332.8M | 335.4M | 957M | 296M | 287.3M | 835M | 792M |
| Revenue Growth % | 24.95% | 11.47% | 4.2% | 4.18% | 3.73% | 10.95% | 11.67% | 12.01% | 12.83% | 12.2% | 16.28% | -60.69% | 16.39% | 15.84% | -59.83% | 20.83% | -57.77% | -56% | 28.07% | 53.49% |
| Cost of Goods Sold | 316.8M | 289.3M | 276.3M | 261.4M | 252.7M | 261.4M | 265.2M | 253.9M | 242.5M | 238.6M | 241.7M | 225.5M | 217.8M | 214M | 206.3M | 681M | 188.7M | 175.1M | 589M | 533M |
| COGS % of Revenue | 62.88% | 62.65% | 60.89% | 59.54% | 62.67% | 63.09% | 60.9% | 60.25% | 62.39% | 63.9% | 61.97% | 59.94% | 63.22% | 64.3% | 61.51% | 71.16% | 63.75% | 60.95% | 70.54% | 67.3% |
| Gross Profit | 187M | 172.5M | 177.5M | 177.6M | 150.5M | 152.9M | 170.3M | 167.5M | 146.2M | 134.8M | 148.3M | 150.7M | 126.7M | 118.8M | 129.1M | 276M | 107.3M | 112.2M | 246M | 259M |
| Gross Margin % | 37.12% | 37.35% | 39.11% | 40.46% | 37.33% | 36.91% | 39.1% | 39.75% | 37.61% | 36.1% | 38.03% | 40.06% | 36.78% | 35.7% | 38.49% | 28.84% | 36.25% | 39.05% | 29.46% | 32.7% |
| Gross Profit Growth % | 24.25% | 12.82% | 4.23% | 6.03% | 2.94% | 13.43% | 14.83% | 11.15% | 15.39% | 13.47% | 14.87% | -45.4% | 18.08% | 5.88% | -47.52% | 6.56% | -56.56% | -50.79% | -4.65% | 38.5% |
| Operating Expenses | 98.7M | 106.8M | 93M | 82.9M | 83.6M | 9.1M | 35.7M | 74.1M | 69.8M | 72M | 78.1M | 64.2M | 65.5M | 89.5M | 61.9M | 138M | 67.3M | 60.2M | 104M | 128M |
| OpEx % of Revenue | 19.59% | 23.13% | 20.49% | 18.88% | 20.73% | 2.2% | 8.2% | 17.58% | 17.96% | 19.28% | 20.03% | 17.07% | 19.01% | 26.89% | 18.46% | 14.42% | 22.74% | 20.95% | 12.46% | 16.16% |
| Selling, General & Admin | 83.6M | 0 | 95.3M | 85.5M | 86.3M | 82.8M | 82.4M | 77.2M | 72.3M | 77.9M | 31.7M | 69.3M | 66.2M | 69.7M | 96.7M | 138M | 63.2M | 60.2M | 138M | 136M |
| SG&A % of Revenue | 16.59% | - | 21% | 19.48% | 21.4% | 19.99% | 18.92% | 18.32% | 18.6% | 20.86% | 8.13% | 18.42% | 19.22% | 20.94% | 28.83% | 14.42% | 21.35% | 20.95% | 16.53% | 17.17% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -700K | 1000K | -1000K | 0 | 1000K | 0 | -1000K | -1000K |
| Operating Income | 88.3M | 65.7M | 84.5M | 94.7M | 66.9M | 143.8M | 134.6M | 93.4M | 76.4M | 62.8M | 70.2M | 86.5M | 61.2M | 29.3M | 67.2M | 138M | 40M | 52M | 142M | 131M |
| Operating Margin % | 17.53% | 14.23% | 18.62% | 21.57% | 16.59% | 34.71% | 30.91% | 22.16% | 19.66% | 16.82% | 18% | 22.99% | 17.76% | 8.8% | 20.04% | 14.42% | 13.51% | 18.1% | 17.01% | 16.54% |
| Operating Income Growth % | 31.99% | -54.31% | -37.22% | 1.39% | -12.43% | 128.98% | 91.74% | 7.98% | 24.84% | 114.33% | 4.46% | -37.32% | 53% | -43.65% | -52.68% | 5.34% | -69.47% | -58.06% | -19.32% | 48.86% |
| EBITDA | 125.9M | 99.2M | 117.3M | 124.9M | 95.3M | 171.8M | 163.4M | 120.3M | 102M | 87.4M | 98.3M | 108.1M | 81.8M | 47.8M | 86.5M | 163M | 57.6M | 68.9M | 166M | 155M |
| EBITDA Margin % | 24.99% | 21.48% | 25.85% | 28.45% | 23.64% | 41.47% | 37.52% | 28.55% | 26.24% | 23.41% | 25.21% | 28.73% | 23.74% | 14.36% | 25.79% | 17.03% | 19.46% | 23.98% | 19.88% | 19.57% |
| EBITDA Growth % | 32.11% | -42.26% | -28.21% | 3.82% | -6.57% | 96.57% | 66.23% | 11.29% | 24.69% | 82.85% | 13.64% | -33.68% | 42.01% | -30.62% | -47.89% | 5.16% | -62.6% | -52.48% | -14.43% | 47.62% |
| D&A (Non-Cash Add-back) | 37.6M | 33.5M | 32.8M | 30.2M | 28.4M | 28M | 28.8M | 26.9M | 25.6M | 24.6M | 28.1M | 21.6M | 20.6M | 18.5M | 19.3M | 25M | 17.6M | 16.9M | 24M | 24M |
| EBIT | 88.3M | 19.5M | 84.3M | 95.1M | 67.8M | 144.7M | 91.5M | 93.5M | 72.8M | 59.4M | 117M | 84.4M | 57.6M | 25.6M | 32.6M | 148M | 49.2M | 61.3M | 227M | 145M |
| Net Interest Income | -16.9M | -25.5M | -18M | -18.6M | -16.9M | -17.5M | -18M | -24.8M | -15.5M | -13.6M | -10.9M | 4.6M | -13.3M | -18.7M | -18.1M | -17.3M | -16.9M | -17M | -19M | -17M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.6M | 0 | 0 | 0 | 1.7M | 1.1M | 0 | 0 | 0 |
| Interest Expense | 16.9M | 25.5M | 18M | 18.6M | 16.9M | 17.5M | 18M | 24.8M | 15.5M | 13.6M | 10.9M | 0 | 13.3M | 18.7M | 18.1M | 19M | 18M | 17M | 19M | 17M |
| Other Income/Expense | -28.8M | -71.7M | -47.3M | -17.7M | -16M | -16.6M | -19.3M | -28.2M | -19.1M | -17M | 27.7M | 900K | -16.9M | -22.4M | -52.7M | -68.2M | -7.7M | -7.7M | 66M | -3M |
| Pretax Income | 59.5M | -6M | 37.2M | 77M | 50.9M | 127.2M | 115.3M | 65.2M | 57.3M | 45.8M | 97.9M | 87.4M | 44.3M | 6.9M | 14.5M | 69.8M | 32.3M | 44.3M | 208M | 128M |
| Pretax Margin % | 11.81% | -1.3% | 8.2% | 17.54% | 12.62% | 30.7% | 26.48% | 15.47% | 14.74% | 12.27% | 25.1% | 23.23% | 12.86% | 2.07% | 4.32% | 7.29% | 10.91% | 15.42% | 24.91% | 16.16% |
| Income Tax | 14.2M | 26.2M | 11.6M | 20M | 12.6M | 33.3M | 26.2M | 17M | 14M | 11.9M | 22.9M | 22.9M | 11.4M | -20.1M | 2.1M | 30M | 9.3M | 10.1M | 40M | 31M |
| Effective Tax Rate % | 23.87% | -436.67% | 31.18% | 25.97% | 24.75% | 26.18% | 22.72% | 26.07% | 24.43% | 25.98% | 23.39% | 26.2% | 25.73% | -291.3% | 14.48% | 42.98% | 28.79% | 22.8% | 19.23% | 24.22% |
| Net Income | 44.8M | -32.8M | 25M | 56.5M | 37.6M | 91.6M | 92.3M | 45.9M | 41.4M | 31.9M | 48.9M | 61.6M | 1.23B | 81.9M | 157.7M | 99M | 81.4M | 87M | 168M | 97M |
| Net Margin % | 8.89% | -7.1% | 5.51% | 12.87% | 9.33% | 22.11% | 21.19% | 10.89% | 10.65% | 8.54% | 12.54% | 16.37% | 356.26% | 24.61% | 47.02% | 10.34% | 27.5% | 30.28% | 20.12% | 12.25% |
| Net Income Growth % | 19.15% | -135.81% | -72.91% | 23.09% | -9.18% | 187.15% | 88.75% | -25.49% | -96.63% | -61.05% | -68.99% | -37.78% | 1407.74% | -5.86% | -6.13% | 2.06% | 19.71% | 0% | 37.7% | 64.41% |
| Net Income (Continuing) | 45.3M | -32.2M | 25.6M | 57M | 38.3M | 93.9M | 89.1M | 48.2M | 43.3M | 33.9M | 75M | 64.5M | 32.9M | 27M | 12.4M | 39.8M | 23M | 34.2M | 168M | 97M |
| Discontinued Operations | -500K | -600K | -600K | -500K | -700K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.29 | -0.26 | 0.20 | 0.44 | 0.29 | 0.71 | -0.91 | 0.35 | 0.32 | 0.24 | 0.32 | 0.38 | 7.11 | 0.46 | 0.88 | 0.55 | 0.45 | 0.48 | 0.92 | 0.53 |
| EPS Growth % | 0% | -136.62% | 121.98% | 25.71% | -9.38% | 195.83% | -384.38% | -7.89% | -95.5% | -47.83% | -63.64% | -30.91% | 1480% | -4.17% | -4.35% | 3.77% | 21.62% | 2.13% | 39.39% | 65.63% |
| EPS (Basic) | 0.29 | -0.26 | 0.20 | 0.44 | 0.29 | 0.71 | -0.92 | 0.35 | 0.32 | 0.24 | 0.33 | 0.38 | 7.15 | 0.47 | 0.89 | 0.55 | 0.45 | 0.48 | 0.93 | 0.53 |
| Diluted Shares Outstanding | 128.2M | 127.7M | 130.3M | 128.2M | 128.2M | 129.5M | 131M | 130.2M | 130.7M | 132.7M | 139.2M | 162.5M | 172.7M | 176.3M | 178.6M | 179.8M | 181M | 182M | 182M | 183M |
| Basic Shares Outstanding | 127.6M | 127.7M | 129.3M | 127.6M | 127.6M | 128.7M | 130.1M | 129.4M | 129.8M | 131.8M | 138.2M | 161.5M | 171.7M | 175.2M | 177.4M | 178.6M | 179.8M | 180.5M | 181M | 182M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.62% | 14.08% | 22.32% | 27.64% | 25.86% | 13.1% | 23.71% |