Flagship explainer

What drives VALVOLINE INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity80%Tax burden72%net income ÷ pretax incomeInterest burden75%pretax ÷ operating incomeOperating margin23%operating income ÷ revenueAsset turnover0.67×revenue ÷ average assetsEquity multiplier9.75×average assets ÷ average equityAs of 2025-09-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$211MFY2025
Income before tax$292MFY2025
Operating income$390MFY2025
$1.7BFY2025
Ending assets$2.7BFY2025
Beginning assets$2.4BFY2024
$339MFY2025
$186MFY2024
Source: · event Sep 30, 2025 · retrieved Oct 16, 2026 · annual-row source set
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