PHINIA vs Valvoline
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put PHINIA and Valvoline side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- PHINIA turned more of its sales into free cash flow (5.4% FCF margin, against 2.2%).
- Investors pay more for each dollar of Valvoline’s earnings: a P/E of 39.5x against 16.4x for PHINIA.
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
PHINIA
PHIN
3/8
FCF marginNet debt / EBITDAShare count change
Valvoline
VVV
5/8
Revenue growthGross marginOperating marginNet marginReturn on equity
Side by side
Best in the row
| 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 | 16.4x | 39.5x |
| Piotroski F-score | — | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.