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Side-by-side financial comparison of VALVOLINE INC (VVV) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

VALVOLINE INC is the larger business by last-quarter revenue ($461.8M vs $407.2M, roughly 1.1× Zurn Elkay Water Solutions Corp). Zurn Elkay Water Solutions Corp runs the higher net margin — 10.3% vs -7.1%, a 17.4% gap on every dollar of revenue. On growth, VALVOLINE INC posted the faster year-over-year revenue change (11.5% vs 9.8%). Over the past eight quarters, VALVOLINE INC's revenue compounded faster (9.0% CAGR vs 4.4%).

Valvoline Inc. is an American retail automotive services company based in Lexington, Kentucky. It licenses the name for a number of Valvoline-labeled automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023, it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

VVV vs ZWS — Head-to-Head

Bigger by revenue
VVV
VVV
1.1× larger
VVV
$461.8M
$407.2M
ZWS
Growing faster (revenue YoY)
VVV
VVV
+1.6% gap
VVV
11.5%
9.8%
ZWS
Higher net margin
ZWS
ZWS
17.4% more per $
ZWS
10.3%
-7.1%
VVV
Faster 2-yr revenue CAGR
VVV
VVV
Annualised
VVV
9.0%
4.4%
ZWS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
VVV
VVV
ZWS
ZWS
Revenue
$461.8M
$407.2M
Net Profit
$-32.8M
$42.1M
Gross Margin
37.4%
44.4%
Operating Margin
4.0%
14.8%
Net Margin
-7.1%
10.3%
Revenue YoY
11.5%
9.8%
Net Profit YoY
-135.8%
15.7%
EPS (diluted)
$-0.26
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
VVV
VVV
ZWS
ZWS
Q4 25
$461.8M
$407.2M
Q3 25
$453.8M
$455.4M
Q2 25
$439.0M
$444.5M
Q1 25
$403.2M
$388.8M
Q4 24
$414.3M
$370.7M
Q3 24
$435.5M
$410.0M
Q2 24
$421.4M
$412.0M
Q1 24
$388.7M
$373.8M
Net Profit
VVV
VVV
ZWS
ZWS
Q4 25
$-32.8M
$42.1M
Q3 25
$25.0M
$61.8M
Q2 25
$56.5M
$50.5M
Q1 25
$37.6M
$43.6M
Q4 24
$91.6M
$36.4M
Q3 24
$92.3M
$43.5M
Q2 24
$45.9M
$46.0M
Q1 24
$41.4M
$34.3M
Gross Margin
VVV
VVV
ZWS
ZWS
Q4 25
37.4%
44.4%
Q3 25
39.1%
44.1%
Q2 25
40.5%
45.5%
Q1 25
37.3%
46.6%
Q4 24
36.9%
43.5%
Q3 24
39.1%
46.2%
Q2 24
39.7%
45.2%
Q1 24
37.6%
45.5%
Operating Margin
VVV
VVV
ZWS
ZWS
Q4 25
4.0%
14.8%
Q3 25
18.6%
17.0%
Q2 25
21.6%
17.5%
Q1 25
16.6%
16.3%
Q4 24
34.7%
13.3%
Q3 24
30.9%
17.1%
Q2 24
22.2%
17.5%
Q1 24
19.7%
14.2%
Net Margin
VVV
VVV
ZWS
ZWS
Q4 25
-7.1%
10.3%
Q3 25
5.5%
13.6%
Q2 25
12.9%
11.4%
Q1 25
9.3%
11.2%
Q4 24
22.1%
9.8%
Q3 24
21.2%
10.6%
Q2 24
10.9%
11.2%
Q1 24
10.7%
9.2%
EPS (diluted)
VVV
VVV
ZWS
ZWS
Q4 25
$-0.26
$0.24
Q3 25
$0.20
$0.36
Q2 25
$0.44
$0.29
Q1 25
$0.29
$0.26
Q4 24
$0.71
$0.21
Q3 24
$0.70
$0.25
Q2 24
$0.35
$0.27
Q1 24
$0.32
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VVV
VVV
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$69.9M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$307.6M
$1.6B
Total Assets
$3.4B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VVV
VVV
ZWS
ZWS
Q4 25
$69.9M
$300.5M
Q3 25
$51.6M
$260.1M
Q2 25
$68.3M
$201.9M
Q1 25
$61.9M
$144.7M
Q4 24
$60.0M
$198.0M
Q3 24
$68.3M
$187.9M
Q2 24
$65.7M
$162.7M
Q1 24
$494.5M
$157.1M
Total Debt
VVV
VVV
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
VVV
VVV
ZWS
ZWS
Q4 25
$307.6M
$1.6B
Q3 25
$338.5M
$1.6B
Q2 25
$313.6M
$1.6B
Q1 25
$248.7M
$1.5B
Q4 24
$229.8M
$1.6B
Q3 24
$185.6M
$1.6B
Q2 24
$106.5M
$1.6B
Q1 24
$60.1M
$1.6B
Total Assets
VVV
VVV
ZWS
ZWS
Q4 25
$3.4B
$2.7B
Q3 25
$2.7B
$2.7B
Q2 25
$2.6B
$2.7B
Q1 25
$2.5B
$2.6B
Q4 24
$2.3B
$2.6B
Q3 24
$2.4B
$2.7B
Q2 24
$2.4B
$2.7B
Q1 24
$2.8B
$2.7B
Debt / Equity
VVV
VVV
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VVV
VVV
ZWS
ZWS
Operating Cash FlowLast quarter
$64.8M
$91.7M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
12.4%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VVV
VVV
ZWS
ZWS
Q4 25
$64.8M
$91.7M
Q3 25
$121.9M
$101.3M
Q2 25
$86.9M
$110.6M
Q1 25
$47.2M
$42.9M
Q4 24
$41.2M
$63.6M
Q3 24
$101.3M
$90.9M
Q2 24
$75.6M
$85.1M
Q1 24
$68.3M
$53.9M
Free Cash Flow
VVV
VVV
ZWS
ZWS
Q4 25
$7.4M
Q3 25
$23.0M
Q2 25
$32.0M
Q1 25
$-4.6M
Q4 24
$-12.4M
Q3 24
$29.9M
Q2 24
$9.8M
Q1 24
$23.4M
FCF Margin
VVV
VVV
ZWS
ZWS
Q4 25
1.6%
Q3 25
5.1%
Q2 25
7.3%
Q1 25
-1.1%
Q4 24
-3.0%
Q3 24
6.9%
Q2 24
2.3%
Q1 24
6.0%
Capex Intensity
VVV
VVV
ZWS
ZWS
Q4 25
12.4%
Q3 25
21.8%
Q2 25
12.5%
Q1 25
12.8%
Q4 24
12.9%
Q3 24
16.4%
Q2 24
15.6%
Q1 24
11.6%
Cash Conversion
VVV
VVV
ZWS
ZWS
Q4 25
2.18×
Q3 25
4.88×
1.64×
Q2 25
1.54×
2.19×
Q1 25
1.26×
0.98×
Q4 24
0.45×
1.75×
Q3 24
1.10×
2.09×
Q2 24
1.65×
1.85×
Q1 24
1.65×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

VVV
VVV

Oil Change And Related Fees$337.7M73%
Non Oil Change And Related Fees$100.5M22%
Franchise Fees And Other$23.6M5%

ZWS
ZWS

Segment breakdown not available.

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