Valvoline Inc
valvoline.comWhat Do They Do?
Provides oil changes, battery and bulb replacements, tire rotations, and other vehicle maintenance services to consumers and commercial customers through retail service centers.
10-K for FY2025, filed Nov 21, 2025As the quick, easy, trusted leader in automotive preventive maintenance, Valvoline is creating shareholder value by driving the full…View ↗
Valvoline operates and franchises approximately 2,200 service center locations through its VIOC and GCOC retail locations and supports over…View ↗
Valvoline generates all revenues from contracts with customers, primarily as a result of delivery of automotive maintenance services…View ↗
How Do They Make Money?
Customers pay for company-operated maintenance when the service is completed, generally at the point of sale. Independent operators pay product-supply fees when products transfer; franchisees also pay monthly sales-based royalties and initial fees at renewal or store opening.
10-K for FY2025, filed Nov 21, 2025Performance obligations related to company-operated service center operations primarily include the delivery of automotive preventive…View ↗
Valvoline is the agent in arranging product supply for its independent operators as the Company has no control of the products prior to…View ↗
The primary performance obligations related to independent service center operations include arrangement of product supply and the license…View ↗
In exchange for the license of Valvoline intellectual property, franchisees generally remit initial fees upon renewal or store opening and…View ↗
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10-K for FY2025, filed Nov 21, 2025
FY2025 revenue by product or service ↗
$1.7B
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10-K for FY2025, filed Nov 21, 2025
$1.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Oil changes and related fees
Sold outright
10-K for FY2025, filed Nov 21, 2025 |
73%
FY2022: 74%
|
Oil changes and related fees, FY2025
$1.2B Sources
|
Sold outright |
|
Non-oil changes and related fees
Sold outright
10-K for FY2025, filed Nov 21, 2025 |
22%
FY2022: 20%
|
Non-oil changes and related fees, FY2025
$368.4M Sources
|
Sold outright |
|
Franchise fees and other
Licensed
|
5.5%
FY2022: 6.0%
|
Franchise fees and other, FY2025
$94.6M Sources
|
Licensed |
Who Are Their Customers?
Consumers and commercial customers, including fleet managers, receive maintenance through company-operated and independently operated service centers; franchisees contract with Valvoline for product supply and brand rights.
10-K for FY2025, filed Nov 21, 2025
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
10-K for FY2025, filed Nov 21, 2025
$389.9MView ↗
10-K for FY2025, filed Nov 21, 2025
$210.7MView ↗
10-K for FY2025, filed Nov 21, 2025
$38MView ↗
How Are They Changing?
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Aug 5, 2026
Valvoline raised its full-year same-store sales outlook
Expected system-wide same-store sales growth increased to 7.5%–8% from 5%–6.5%.
Sources
8-K, filed Aug 5, 2026
System-wide SSS growth1 7.5% - 8% 5% - 6.5%View ↗
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May 7, 2026
Valvoline raised its fiscal-year outlook
Expected same-store sales growth increased to 5%–6.5% and adjusted EBITDA to $540–$560 million.
Sources
8-K, filed May 7, 2026
System-wide SSS growth1 5% - 6.5% 4% - 6%View ↗
Growing. Revenue grew 65% in 4 years, from $1B in FY2021 to $1.7B in FY2025, about 13% a year.
Who Do They Compete With?
Competes with Jiffy Lube, Grease Monkey, Take 5 Oil Change, Express Oil Change, Tire Engineers, and Mr. Lube
10-K for FY2025, filed Nov 21, 2025Additionally, Valvoline’s retail stores compete for consumers and franchisees with other major franchised brands that offer a turn-key…View ↗
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