Capital investment and capacitypositive · 4 filings
“The increase in capital expenditures compared to the prior year was primarily driven by higher maintenance expenditures related to store technology upgrades.”10-Q · May 7, 2026 ↗
Valvoline Inc.
VVV
Market read
Valvoline Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
What changed
- Revenue increased 25.0% versus the comparable filing period.
Company-0.3% todayVolume comparison unavailable
Market group0 of 1 activeAuto Maintenance Services · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Interest expense increased $10.2M and $12.8M, respectively, largely attributable to the addition of the Term Loan B.
Invalidation: The isolated read changes if VVV's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 25.0% versus the comparable filing period.
- Net income increased 19.1% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Interest expense increased $10.2M and $12.8M, respectively, largely attributable to the addition of the Term Loan B.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements127
Verified relationships4
Evidence supporting the case
- Latest annual revenue changed +5.6% year over year.
- Operating cash flow covered net income at 1.41x in the latest annual period.
- Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
- P/E is 34% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 465% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
30.226m-13.0%12m-24.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-09-30$1.0B-55.9%$2.29-2.4%
2022-09-30$1.2B+19.2%$2.35-1.7%
2023-09-30$1.4B+16.8%$8.73-9.9%
2024-09-30$1.6B+12.2%$1.61-19.4%
2025-09-30$1.7B+5.6%$1.64-1.8%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 4 filings
“Financing activities Cash flows provided by financing activities increased $676.7 million from the prior year substantially driven by an increase in net borrowings, inclusive of payments for debt issuance costs, of $601.1 million.”10-Q · May 7, 2026 ↗
Demand and volumepositive · 2 filings
“The increase was primarily driven by gross profit expansion, including higher volumes, contributions from network growth, and improvements in pricing and cost efficiency.”10-Q · May 7, 2026 ↗
Macroeconomic conditionsnegative · 2 filings
“Also contributing to this decrease was lower share repurchase activity of $166.4 million, partially offset by excise tax payments of $16.4 million that were largely due to share repurchases completed in fiscal 2023 under the modified “Dutch auction” tender of…”10-K · Nov 21, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.3× · EV/sales 2.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
30.22-0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VVV. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-07 against the comparable filing from 2025-05-08.
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationpremium
What improved
- Revenue increased 25.0% versus the comparable filing period.
- Net income increased 19.1% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase was primarily driven by gross profit expansion, including higher volumes, contributions from network growth, and improvements in pricing and cost efficiency.”
“Gross profit improved $56.1 million, or 18.5%, for the six months ended March 31, 2026 compared to the prior year period, primarily driven by volume growth, including contributions from acquired stores, service mix, and pricing.”
“Adjusted EBITDA from continuing operations is EBITDA adjusted for key items attributable to continuing operations. (b) Includes several elements impacted by changes in plan assets and obligations that are primarily driven by the debt and equity markets, including remeasurement gains and losses, when applicable; and recurring non-service pension and other postretirement net periodic activity, which consists of interest cost, expected return on plan assets and amortization of prior service credits.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind VVV
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MNSBFiling-linked namepartnerNov 21, 2025 ▾
“Valvoline will acquire 207 Breeze Autocare stores, and consistent with the Decision and Order, Valvoline will divest 45 of those locations to 31 Mainstreet Auto, LLC (“Mainstreet”), for a net purchase price of $593 million, subject to (i) adjustments for stor…”
ASHAshland Inc.investeeNov 21, 2025 ▾
“Valvoline was acquired by Ashland (currently doing business as Ashland Inc., and together with its predecessors and consolidated subsidiaries, referred to herein as “Ashland”), in 1950 and continued accelerating through the development of all-climate and raci…”
Depended on by
ASHAshland Inc.partnerJul 30, 2025 ▾
“Year-to-date - The activity for Performance Adhesives, Distribution and Valvoline in the current and prior year periods represents subsequent adjustments that were made in conjunction with post-closing disputes, environmental liabilities, and taxes.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VVV is currently a Leader in the organic co-movement group Auto Maintenance Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for VVV; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.