Saturday 17 October 2026 Export VAL’s income statement to Excel — free account

Valaris Limited

Valaris Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 12.4%, EPS fell 54.9%, free cash flow fell 159.6% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for five.

85.44 1.69 +2.02%

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Market cap: $5.8B
P/E: 6.3×
Fwd P/E: 25.3×
Dividend yield: —
F-score: 7/9
Altman Z: 2.49
Beneish M: −2.21
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 30.09%

Capital & Financial Ratios $m

Market Cap 5,820.00

Revenue 2,137.70

Net Income 933.10

Free Cash Flow 146.50

Net Debt 546.40

Current Ratio 1.55

Debt/Equity 0.34

P/E ratio 6.34

Fwd P/E 25.30

P/S ratio 2.77

P/B ratio 1.84

Past 5Y EPS Growth —

This Y EPS Growth (78.37%)

Next Y EPS Growth 127.76%

Next Y revenue growth (7.56%)

Next 5Y EPS Growth (17.15%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 31.33%

10-year low 10-year high

P/S against its own 10 years 59.99%

10-year low 10-year high

P/B against its own 10 years 34.18%

10-year low 10-year high

EV/Sales against its own 10 years 50.87%

10-year low 10-year high

EV/FCF against its own 10 years 74.61%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	0.04	0.04
2018	0.16	0.04 0.04 0.04 0.04
2017	0.90	0.37 0.04 0.37 0.04 0.04 0.04
2016	1.19	0.04 0.33 0.04 0.33 0.04 0.37 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	636	368	599	541
Receivables	459	571	475	458
Inventory	—	—	—	—
Other	177	139	151	199
	1,272	1,079	1,225	1,199

	2023	2024	2025	Q'26
Payables	400	329	348	416
ST’ Debt	—	—	—	—
Other	—	—	—	—
	744	680	692	775

Compound Annual Growth %

	10y	5y	3y
Sales	—	10.67%	13.92%
Cash Flow	—	0.00%	62.62%
Earnings	—	0.00%	77.24%
Book Value	—	(6.21%)	34.69%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	465	539	—	—	—
’25	621	615	596	537	2,369
’24	525	610	643	584	2,363
’23	430	415	455	484	1,784
’22	318	413	437	434	1,603
’21	307	293	327	306	1,232
’20	457	389	285	296	1,427

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	75	13	—	—	—
’25	156	120	198	72	546
’24	26	12	193	125	355
’23	152	(29)	48	97	268
’22	1	(115)	86	155	127
’21	(32)	(34)	7	(7)	(66)
’20	(204)	(177)	(15)	145	(252)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(21)	(37)	—	—	—
’25	74	63	237	(32)	341
’24	(125)	(99)	111	16	(97)
’23	95	(71)	(57)	(365)	(398)
’22	(36)	(31)	33	104	70
’21	(34)	(18)	(7)	(10)	(70)
’20	(230)	(204)	(1)	141	(294)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.24)	0.72	—	—	—
’25	(0.53)	1.61	2.65	10.26	13.99
’24	0.35	2.03	0.88	1.88	5.14
’23	0.61	(0.39)	0.17	11.30	11.69
’22	(0.51)	1.48	0.98	0.38	2.33
’21	(4.56)	(47.47)	(0.73)	0.37	(59.83)
’20	(15.20)	(5.58)	(3.37)	(0.27)	(24.42)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	20.25	36.17	54.13	39.90	27.15	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	39.14	70.17	80.00	84.20	61.70
People
People	Employees	—	—	—	5,800	4,500	4,900	5,450	5,985	5,642	5,070
	Revenue/emp, $m	—	—	0.00	0.35	0.32	0.25	0.29	0.30	0.42	0.47
Income, $m
Income, $m	Revenue	—	—	1,705	2,053	1,427	1,232	1,603	1,784	2,363	2,369
	Gross margin, %	—	—	22.63	12.04	(3.03)	13.35	13.68	13.49	25.47	31.21
	EBT	—	—	(539)	(64)	(5,117)	(4,435)	225	84	370	552
	EBT margin, %	—	—	(31.60)	(3.11)	(358.53)	(359.85)	14.03	4.72	15.67	23.31
	Net income	—	0	(637)	(192)	(4,858)	(4,487)	182	867	370	979
	Depreciation	—	—	439	593	547	224	91	101	122	146
Per share, $
Per share, $	Revenue	—	—	15.72	11.84	7.18	16.43	21.34	24.08	32.77	33.56
	Earnings	—	—	(5.87)	(1.11)	(24.42)	(59.83)	2.36	11.69	5.19	14.07
	Cash flow	—	—	(0.51)	(1.60)	(1.27)	(0.88)	1.69	3.61	4.93	7.74
	Capex	—	—	(3.83)	(1.21)	(0.21)	(0.05)	(0.75)	(8.99)	(6.27)	(2.91)
	Free cash flow	—	—	(4.34)	(2.80)	(1.48)	(0.93)	0.94	(5.38)	(1.34)	4.82
	Book value	—	—	74.55	53.69	21.97	14.37	17.28	26.95	31.13	44.92
	Shares, m	—	—	109	173	199	75	75	74	72	71
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	27.10	5.73	8.52	3.58
	P/S	—	—	3.70	3.70	3.70	2.19	3.00	2.83	1.35	1.50
	P/B	—	—	1.37	1.37	1.37	2.51	3.70	2.53	1.42	1.12
	EV/Sales	—	—	8.65	8.65	8.65	4.15	4.44	4.49	2.72	2.77
	EV/FCF	—	—	(113.44)	(113.44)	(113.44)	(73.44)	101.20	(20.10)	(66.28)	19.27
Cash, $m
Cash, $m	Operating cash flow	—	—	(56)	(277)	(252)	(66)	127	268	355	546
	Capex	—	—	(416)	(209)	(42)	(4)	(57)	(666)	(452)	(206)
	Free cash flow	—	—	(471)	(486)	(294)	(70)	70	(398)	(97)	341
Balance, $m
Balance, $m	Working capital	—	—	781	234	746	785	842	528	399	534
	Total debt	—	—	5,010	6,048	—	545	542	1,079	1,083	1,086
	Net debt	—	—	4,406	5,951	(337)	(99)	(206)	444	715	487
	Shareholders’ equity	—	—	8,089	9,310	4,370	1,077	1,298	1,997	2,244	3,172
Returns, %
Returns, %	ROA	—	—	(9.12)	(1.28)	(32.58)	(58.08)	6.46	24.10	8.54	20.21
	ROIC	—	—	(1.18)	(2.74)	(67.17)	(57.34)	2.13	1.37	7.44	8.15
	ROE	—	—	(7.35)	(2.28)	(70.99)	(165.00)	14.86	52.53	17.61	36.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NE Noble Corporation PLC	$6.9B	46.4×	29.7×	−15.20% (below 0%: shrinking)	n/m	−152.06% (below 0%: shrinking)	37.99%	4.23%	Compare
RIG Transocean Ltd.	$6.2B	— (loss-making)	31.8×	−2.23% (below 0%: shrinking)	n/m	+90.18% (above 0%: growing)	100.00%	15.73%	Compare
VAL Valaris Limited	$5.8B	6.3×	25.3×	−12.35% (below 0%: shrinking)	−54.94% (below 0%: shrinking)	−159.58% (below 0%: shrinking)	22.94%	9.48%
PTEN Patterson-UTI Energy, Inc.	$4.3B	— (loss-making)	— (loss-making)	+0.71% (above 0%: growing)	n/m	−598.20% (below 0%: shrinking)	22.85%	(0.57%)	Compare
HP Helmerich & Payne, Inc.	$3.8B	— (loss-making)	— (loss-making)	−0.58% (below 0%: shrinking)	n/m	+574.70% (above 0%: growing)	29.52%	18.19%	Compare
SDRL Seadrill Limited	$2.9B	1,575×	123×	+19.10% (above 0%: growing)	n/m	−258.33% (below 0%: shrinking)	52.12%	16.04%	Compare
BORR Borr Drilling Limited	$1.4B	— (loss-making)	— (loss-making)	−13.22% (below 0%: shrinking)	n/m	−323.94% (below 0%: shrinking)	24.62%	0.13%	Compare
NBR Nabors Industries Ltd.	$1.2B	5.3×	— (loss-making)	−2.62% (below 0%: shrinking)	n/m	+135.53% (above 0%: growing)	37.87%	7.05%	Compare
SOC Sable Offshore Corp.	$637.0M	— (loss-making)	—	—	n/m	+90.17% (above 0%: growing)	100.00%	(48.78%)	Compare
Median of peers	$3.3B	46.4×	31.8×	−2.23%	—	−30.94%	37.93%	5.64%

All 9 Oil & Gas Drilling stocks →

Valaris Limited (VAL) key facts

Valaris Limited (VAL) is an Oil & Gas Drilling company in the Energy sector, listed on the New York Stock Exchange.
Valaris Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, VAL traded at $85.44, a market capitalization of $5.8 billion.
Return on equity was 36.3% and debt-to-equity 0.34.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.49 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.