Valvoline Inc (VVV)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 280,700 | 247,200 | 244,200 | 218,800 | 197,600 | 220,300 | 240,800 | 249,000 | 260,200 | 240,100 | 328,400 | 347,100 | 412,900 | 485,000 | 422,000 | 436,000 | 415,000 | 398,000 | 390,000 | 390,000 |
| Revenue (ttm) | US$ in thousands | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 | 2,390,000 | 2,355,000 | 2,319,000 |
| Operating profit margin | 18.95% | 17.16% | 17.58% | 11.11% | 7.87% | 7.26% | 8.04% | 8.79% | 9.83% | 9.84% | 11.74% | 13.76% | 17.20% | 20.60% | 18.10% | 17.96% | 17.01% | 16.65% | 16.56% | 16.82% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $280,700K ÷ $1,481,500K
= 18.95%
Valvoline Inc's operating profit margin has shown some fluctuation in recent quarters, ranging from as low as 13.24% in Q3 2022 to as high as 74.73% in Q2 2023. The Q1 2024 operating profit margin of 19.37% is slightly lower than the Q4 2023 figure of 19.40%. The significant increase in operating profit margin in Q2 2023 may have been influenced by certain factors specific to that quarter. Overall, Valvoline Inc's operating profit margin has generally been in the double-digit range, indicating a consistent level of profitability in its operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
Valvoline Inc
VVV
18.95%
Quaker Chemical Corporation
KWR
11.39%