PHINIA
PHIN · Automotive Retail
$57.32
0.3%Valvoline
VVV · Automotive Retail
$31.63
2.5%The short version
- PHINIA is the larger business, with $3.5B of revenue in fiscal 2025 against $1.7B for Valvoline, about 2.0 times as much.
- Valvoline grew revenue faster (5.6%, against 2.4%).
- Valvoline kept more of each dollar of sales as operating profit (22.8% operating margin, against 7.3% operating margin).
- PHINIA turned more of its sales into free cash flow (5.4% FCF margin, against 2.2% FCF margin).
- Investors pay more for each dollar of Valvoline’s earnings: a P/E of 39.5x against 16.5x for PHINIA.
| Latest fiscal year | PHIN · FY25 | VVV · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.2B | $4.1B |
| Revenue | $3.5B | $1.7B |
| Free cash flow | $188M | $38.0M |
| Net income | $130M | $211M |
| Growth | ||
| Revenue growth | 2.4% | 5.6% |
| 5-year growth | — | 18.7% |
| Share count change | −10.5% | −1.8% |
| Profitability | ||
| Gross margin | 21.9% | 38.5% |
| Operating margin | 7.3% | 22.8% |
| Net margin | 3.7% | 12.3% |
| FCF margin | 5.4% | 2.2% |
| Return on capital | — | 18.9% |
| Return on equity | 8.2% | 80.4% |
| Balance sheet | ||
| Net debt | $617M | $1.3B |
| Net debt / EBITDA | 1.5x | 2.5x |
| Dividends and buybacks | $42.0M | $76.8M |
| Valuation & quality | ||
| P/E | 16.5x | 39.5x |
| Piotroski F-score | — | 7 |
FY16
PHIN —
VVV $1.9B
FY17
PHIN —
VVV $2.1B
FY18
PHIN —
VVV $2.3B
FY19
PHIN —
VVV $2.4B
FY20
PHIN —
VVV $727M
FY21
PHIN $3.2B
VVV $1.0B
FY22
PHIN $3.3B
VVV $1.2B
FY23
PHIN $3.5B
VVV $1.4B
FY24
PHIN $3.4B
VVV $1.6B
FY25
PHIN $3.5B
VVV $1.7B
PHIN
VVV
FY16
PHIN —
VVV 20.5%
FY17
PHIN —
VVV 18.9%
FY18
PHIN —
VVV 17.3%
FY19
PHIN —
VVV 16.7%
FY20
PHIN —
VVV 22.0%
FY21
PHIN 5.4%
VVV 23.2%
FY22
PHIN 9.5%
VVV 17.8%
FY23
PHIN 6.9%
VVV 17.1%
FY24
PHIN 7.6%
VVV 22.7%
FY25
PHIN 7.3%
VVV 22.8%
PHIN
VVV
FY16
PHIN —
VVV $245M
FY17
PHIN —
VVV −$198M
FY18
PHIN —
VVV $227M
FY19
PHIN —
VVV $217M
FY20
PHIN —
VVV $278M
FY21
PHIN $1.0M
VVV $301M
FY22
PHIN $196M
VVV $152M
FY23
PHIN $100M
VVV −$221M
FY24
PHIN $203M
VVV $40.7M
FY25
PHIN $188M
VVV $38.0M
PHIN
VVV
FY16
PHIN —
VVV —
FY17
PHIN —
VVV 46.7%
FY18
PHIN —
VVV 23.6%
FY19
PHIN —
VVV 34.8%
FY20
PHIN —
VVV 8.1%
FY21
PHIN —
VVV 11.7%
FY22
PHIN —
VVV 8.3%
FY23
PHIN 6.5%
VVV 12.2%
FY24
PHIN —
VVV 20.8%
FY25
PHIN —
VVV 18.9%
PHIN
VVV
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.