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Valvoline VVV Franchise fees and other — Net revenues

Other product segments

Oil changes and related fees
$1.25B+4.9%
Non-oil changes and related fees
$368.4M+5.2%

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Other financials

Income statement

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Revenue$544.6M+24.1%
Gross profit$214.9M+21.0%
Operating income$112.2M+18.5%
Net income$64.5M+14.2%
EPS (diluted)$0.51+15.9%

Balance sheet

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Cash & equivalents$84.2M+23.3%
Total debt$2.0B+39.5%
Total equity$416.7M+32.9%
Total assets$3.5B+35.9%

Cash flow

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Operating cash flow$124.4M+43.2%
CapEx$57.1M+4.0%
Free cash flow$67.3M+110%

Valuation

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Market cap$4.55B-5.7%
Enterprise value$6.44B+4.4%
P/E44.8×+27.4×
P/S2.3×-0.5×

Profitability

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Gross margin38.3%-0.2pp
Operating margin15.3%-10.7pp
Net margin5.2%-11.3pp
FCF margin6.9%+4.2pp

Returns & leverage

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Return on equity27.8%-105pp
Debt / equity4.7×+0.2×
Current ratio0.7×0.0×

Where this comes from

Reported directly by Valvoline in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Valvoline’s 10-K, filed November 21, 2025.

Filed
Nov 21, 2025
Fiscal year
FY2025
Accession
0001674910-25-000135
(In millions)202520242023
Oil changes and related fees$1,247.3$1,188.7$1,074.3
Non-oil changes and related fees368.4350.1297.6
Franchise fees and other (a)94.680.271.6
Total$1,710.3$1,619.0$1,443.5

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Valvoline's franchise fees and other — net revenues?
Valvoline (VVV) reported franchise fees and other — net revenues of $23.65M in Q3 2025.
How has Valvoline's franchise fees and other — net revenues changed year-over-year?
Valvoline's franchise fees and other — net revenues increased by 18.0% year-over-year, from $20.05M to $23.65M.
What is the long-term trend for Valvoline's franchise fees and other — net revenues?
Over 4 years (2021 to 2025), Valvoline's franchise fees and other — net revenues has grown at a 9.0% compound annual growth rate (CAGR), from $67M to $94.6M.
What does franchise fees and other — net revenues mean?
This metric represents the total revenue generated from franchise-related activities, including royalties, initial franchise fees, and other ancillary services provided to independent operators. It serves as a key indicator of the company's ability to monetize its brand and operational model through a decentralized service network. Growth in this area reflects the expansion of the franchise footprint and the underlying health of the partner-operated service centers.

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