Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.93B | $2.08B | $2.29B | $2.39B | $2.35B | $1.04B | $1.24B | $1.44B | $1.62B | $1.71B |
| Revenue growth | — | 8.0% | 9.6% | 4.6% | -1.5% | -55.9% | 19.2% | 16.8% | 12.2% | 5.6% |
| Gross profit | $748M | $776M | $806M | $810M | $863M | $432M | $476M | $545M | $619M | $659M |
| Gross margin | 38.8% | 37.2% | 35.3% | 33.9% | 36.7% | 41.7% | 38.5% | 37.7% | 38.2% | 38.5% |
| Operating income | $396M | $394M | $395M | $398M | $485M | $240M | $220M | $247M | $367M | $390M |
| Operating margin | 20.5% | 18.9% | 17.3% | 16.7% | 20.6% | 23.1% | 17.8% | 17.1% | 22.7% | 22.8% |
| Net income | $273M | $304M | $166M | $208M | $317M | $420M | $424M | $1.42B | $212M | $211M |
| Net margin | 14.2% | 14.6% | 7.3% | 8.7% | 13.5% | 40.5% | 34.3% | 98.4% | 13.1% | 12.3% |
| EPS (diluted) | $1.60 | $1.49 | $0.84 | $1.10 | $1.69 | $2.29 | $2.35 | $8.73 | $1.61 | $1.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $311M | -$130M | $320M | $325M | $372M | $404M | $284M | -$40.8M | $265M | $297M |
| Capital expenditures | $66.0M | $68.0M | $93.0M | $108M | $151M | $103M | $132M | $181M | $224M | $259M |
| Free cash flow | $245M | -$198M | $227M | $217M | $221M | $301M | $152M | -$221M | $40.7M | $38.0M |
| Share buybacks | $0.00 | $50.0M | $325M | $0.00 | $60.0M | $127M | $143M | $1.52B | $227M | $76.8M |
| Dividends paid | $0.00 | $40.0M | $58.0M | $80.0M | $84.0M | $90.9M | $89.2M | $21.8M | $0.00 | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $172M | $201M | $96.0M | $159M | $760M | $123M | $23.4M | $409M | $68.3M | $51.6M |
| Total assets | $1.82B | $1.92B | $1.85B | $2.06B | $3.05B | $3.19B | $3.42B | $2.89B | $2.44B | $2.67B |
| Long-term debt | $724M | $1.03B | $1.29B | $1.33B | $1.96B | $1.68B | $1.53B | $1.56B | $1.07B | $1.05B |
| Shareholders' equity | -$330M | -$117M | -$358M | -$258M | -$76.0M | $135M | $307M | $203M | $186M | $339M |
| Retained earnings | $0.00 | -$167M | -$399M | -$284M | -$110M | $90.0M | $282M | $141M | $123M | $274M |
| Shares (wtd avg diluted) | 170M | 204M | 197M | 189M | 188M | 184M | 180M | 163M | 131M | 129M |
Every figure is extracted from VALVOLINE INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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