Valvoline Gross Margin 2014-2024 | VVV
- Valvoline average gross margin for 2023 was 37.81%, a 25.12% increase from 2022.
- Valvoline average gross margin for 2022 was 30.22%, a 26.92% increase from 2021.
- Valvoline average gross margin for 2021 was 41.35%, a 8.44% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.