PHINIA vs Valvoline
PHINIA reported revenue of $3.5 billion in fiscal 2025, 2.0 times Valvoline's $1.7 billion in fiscal 2025. PHINIA's revenue grew 2.4% in its latest year, and Valvoline's grew 5.6%. PHINIA had an operating margin of 7.3%, against 22.8% at Valvoline. Free cash flow was $188 million at PHINIA and $38 million at Valvoline. Their fiscal years end in different months (December 31 and September 30), so the periods don't line up exactly.
Side by side
| PHINIA | Valvoline | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $3.5B | $1.7B |
| Revenue growth | 2.4% | 5.6% |
| Revenue growth a year, last 5 years | — | 18.7% |
| Gross margin | 21.9% | 38.5% |
| Operating margin | 7.3% | 22.8% |
| Net margin | 3.7% | 12.3% |
| Free cash flow | $188M | $38M |
| Free cash flow margin | 5.4% | 2.2% |
| Return on capital | — | 18.9% |
| Net debt to EBITDA | 1.5x | 2.5x |
| Dividends and buybacks | $42M | $77M |
| Change in diluted share count | −10.5% | −1.8% |
| Last close | $57.16 | $31.94 |
| P/E at the last close | 16.4× | 39.9× |
| Insider trades, last 12 months | sold $4.5 million | bought $953,666, sold $645,342 |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PHINIAValvoline
Operating margin
Percent of revenue
PHINIAValvoline
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PHINIAValvoline