Valaris Limited Financials
This page shows Valaris Limited (VAL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Valaris Limited has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 14.9% the prior year.
Valaris Limited's revenue declined 100% year-over-year, from $2.4B to $2K. This contraction results in a growth score of 0/100.
Valaris Limited carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Valaris Limited's current ratio of 1.77 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Valaris Limited has a free cash flow margin of 8.6%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Valaris Limited earns a strong 31.0% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 16.7% the prior year.
Valaris Limited scores 1801089.58, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.4B) relative to total liabilities ($2K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Valaris Limited passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Valaris Limited generates $0.56 in operating cash flow ($546 OCF vs $983 net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Valaris Limited generated $2K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Valaris Limited's EBITDA was $623 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Valaris Limited generated $203 in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 100.0% from the prior year.
Valaris Limited reported $983 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Valaris Limited held $599 in cash against $1K in long-term debt as of fiscal year 2025.
Valaris Limited had 69M shares outstanding in fiscal year 2025. This represents a decrease of 2.5% from the prior year.
Valaris Limited's gross margin was 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.7 percentage points from the prior year.
Valaris Limited's operating margin was 20.1% in fiscal year 2025, reflecting core business profitability. This is up 5.2 percentage points from the prior year.
Valaris Limited's net profit margin was 41.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 25.7 percentage points from the prior year.
Valaris Limited's ROE was 31.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.3 percentage points from the prior year.
Valaris Limited spent $100 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Valaris Limited invested $344 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
VAL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $595.7M-3.2% | $615.2M-0.9% | $620.7M+28.3% | $483.8M+6.3% | $455.1M+9.6% | $415.2M-3.5% | $430.1M-0.8% | $433.6M |
| Cost of Revenue | $405.6M+2.5% | $395.7M-4.7% | $415.0M+3.2% | $402.0M+2.8% | $390.9M+4.7% | $373.5M-1.0% | $377.2M+6.7% | $353.4M |
| Gross Profit | $190.1M-13.4% | $219.5M+6.7% | $205.7M+151.5% | $81.8M+27.4% | $64.2M+54.0% | $41.7M-21.2% | $52.9M-34.0% | $80.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $26.9M+43.1% | $18.8M-23.0% | $24.4M+0.4% | $24.3M+0.4% | $24.2M-8.3% | $26.4M+8.2% | $24.4M+2.1% | $23.9M |
| Operating Income | $130.5M-20.5% | $164.1M+14.8% | $143.0M+273.4% | $38.3M+130.7% | $16.6M+267.7% | -$9.9M-216.5% | $8.5M-79.3% | $41.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $28.6M-9.2% | $31.5M-83.7% | $193.5M+124.5% | -$790.2M-7485.0% | $10.7M-56.3% | $24.5M+188.8% | -$27.6M-381.6% | $9.8M |
| Net Income | $188.1M+63.4% | $115.1M+403.7% | -$37.9M-104.5% | $835.2M+6374.4% | $12.9M+143.9% | -$29.4M-163.0% | $46.7M+59.9% | $29.2M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VAL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6B+3.0% | $4.5B+2.7% | $4.4B+1.5% | $4.3B+24.0% | $3.5B+12.8% | $3.1B+4.6% | $3.0B+3.2% | $2.9B |
| Current Assets | $1.3B+9.5% | $1.2B+6.0% | $1.2B-9.0% | $1.3B-26.4% | $1.7B+19.4% | $1.4B+3.7% | $1.4B+3.7% | $1.3B |
| Cash & Equivalents | $662.7M+31.6% | $503.4M+14.0% | $441.4M-28.9% | $620.5M-40.4% | $1.0B+32.2% | $787.3M-4.3% | $822.5M+13.6% | $724.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.2B+0.8% | $2.2B-0.2% | $2.2B-6.4% | $2.3B+1.8% | $2.3B+25.4% | $1.8B+14.0% | $1.6B+2.4% | $1.6B |
| Current Liabilities | $718.0M+5.8% | $678.7M-2.3% | $694.6M-6.7% | $744.3M+2.9% | $723.0M+9.7% | $658.9M+11.3% | $591.8M+17.3% | $504.4M |
| Long-Term Debt | $1.1B+0.1% | $1.1B+0.1% | $1.1B+0.4% | $1.1B0.0% | $1.1B+58.3% | $681.9M+25.6% | $542.8M+0.1% | $542.4M |
| Total Equity | $2.4B+5.1% | $2.3B+5.6% | $2.2B+11.0% | $2.0B+67.9% | $1.2B-5.6% | $1.3B-6.6% | $1.3B+4.0% | $1.3B |
| Retained Earnings | $1.7B+12.7% | $1.5B+8.5% | $1.4B+32.7% | $1.0B+438.9% | $190.3M+7.3% | $177.4M-14.2% | $206.8M+29.2% | $160.1M |
VAL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $198.1M+65.1% | $120.0M-23.0% | $155.9M+61.2% | $96.7M+100.6% | $48.2M+265.6% | -$29.1M-119.2% | $151.7M-1.9% | $154.7M |
| Capital Expenditures | $69.8M+3.9% | $67.2M-32.9% | $100.2M-78.4% | $463.0M+337.6% | $105.8M+49.0% | $71.0M+26.1% | $56.3M+4.5% | $53.9M |
| Free Cash Flow | $128.3M+143.0% | $52.8M-5.2% | $55.7M+115.2% | -$366.3M-535.9% | -$57.6M+42.5% | -$100.1M-204.9% | $95.4M-5.4% | $100.8M |
| Investing Cash Flow | $38.9M+167.8% | -$57.4M+30.3% | -$82.4M+82.2% | -$461.9M-337.0% | -$105.7M-151.7% | -$42.0M+25.3% | -$56.2M-133.1% | $169.6M |
| Financing Cash Flow | -$77.7M-77600.0% | -$100K+66.7% | -$300K+99.5% | -$56.4M-118.2% | $309.5M+855.2% | $32.4M | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $25.0M | N/A | N/A | $51.2M-38.3% | $83.0M | N/A | N/A | $0 |
VAL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.9%-3.8pp | 35.7%+2.5pp | 33.1%+16.2pp | 16.9%+2.8pp | 14.1%+4.1pp | 10.0%-2.3pp | 12.3%-6.2pp | 18.5% |
| Operating Margin | 21.9%-4.8pp | 26.7%+3.6pp | 23.0%+15.1pp | 7.9%+4.3pp | 3.6%+6.0pp | -2.4%-4.4pp | 2.0%-7.5pp | 9.5% |
| Net Margin | 31.6%+12.9pp | 18.7%+24.8pp | -6.1%-178.7pp | 172.6%+169.8pp | 2.8%+9.9pp | -7.1%-17.9pp | 10.9%+4.1pp | 6.7% |
| Return on Equity | 7.7%+2.7pp | 4.9%+3.7pp | 1.3%-40.8pp | 42.0%+40.9pp | 1.1% | N/A | 3.5%+1.2pp | 2.3% |
| Return on Assets | 4.1%+1.5pp | 2.6%+3.4pp | -0.9%-20.2pp | 19.3%+18.9pp | 0.4%+1.3pp | -0.9%-2.5pp | 1.6%+0.6pp | 1.0% |
| Current Ratio | 1.87+0.1 | 1.81+0.1 | 1.67-0.0 | 1.71-0.7 | 2.39+0.2 | 2.20-0.2 | 2.36-0.3 | 2.67 |
| Debt-to-Equity | 0.44-0.0 | 0.47-0.0 | 0.49-0.1 | 0.54-0.4 | 0.91+0.4 | 0.54+0.1 | 0.40-0.0 | 0.42 |
| FCF Margin | 21.5%+13.0pp | 8.6%-0.4pp | 9.0%+84.7pp | -75.7%-63.1pp | -12.7%+11.5pp | -24.1%-46.3pp | 22.2%-1.1pp | 23.3% |
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Frequently Asked Questions
What is Valaris Limited's annual revenue?
Valaris Limited (VAL) reported $2K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Valaris Limited's revenue growing?
Valaris Limited (VAL) revenue declined by 100% year-over-year, from $2.4B to $2K in fiscal year 2025.
Is Valaris Limited profitable?
Yes, Valaris Limited (VAL) reported a net income of $983 in fiscal year 2025, with a net profit margin of 41.5%.
What is Valaris Limited's earnings per share (EPS)?
Valaris Limited (VAL) reported diluted earnings per share of $13.86 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Valaris Limited's EBITDA?
Valaris Limited (VAL) had EBITDA of $623 in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Valaris Limited have?
As of fiscal year 2025, Valaris Limited (VAL) had $599 in cash and equivalents against $1K in long-term debt.
What is Valaris Limited's gross margin?
Valaris Limited (VAL) had a gross margin of 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Valaris Limited's operating margin?
Valaris Limited (VAL) had an operating margin of 20.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Valaris Limited's net profit margin?
Valaris Limited (VAL) had a net profit margin of 41.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Valaris Limited's return on equity (ROE)?
Valaris Limited (VAL) has a return on equity of 31.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Valaris Limited's free cash flow?
Valaris Limited (VAL) generated $203 in free cash flow during fiscal year 2025. This represents a 100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Valaris Limited's operating cash flow?
Valaris Limited (VAL) generated $546 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Valaris Limited's total assets?
Valaris Limited (VAL) had $5K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Valaris Limited's capital expenditures?
Valaris Limited (VAL) invested $344 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Valaris Limited buy back shares?
Yes, Valaris Limited (VAL) spent $100 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Valaris Limited have outstanding?
Valaris Limited (VAL) had 69M shares outstanding as of fiscal year 2025.
What is Valaris Limited's current ratio?
Valaris Limited (VAL) had a current ratio of 1.77 as of fiscal year 2025, which is generally considered healthy.
What is Valaris Limited's debt-to-equity ratio?
Valaris Limited (VAL) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Valaris Limited's return on assets (ROA)?
Valaris Limited (VAL) had a return on assets of 18.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Valaris Limited's Altman Z-Score?
Valaris Limited (VAL) has an Altman Z-Score of 1801089.58, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Valaris Limited's Piotroski F-Score?
Valaris Limited (VAL) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Valaris Limited's earnings high quality?
Valaris Limited (VAL) has an earnings quality ratio of 0.56x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Valaris Limited?
Valaris Limited (VAL) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.