NYSE · Financial Statements

Valaris Limited (VAL) Financial Statements

$97.33 NYSE: VAL Market Cap $6.76B

Valaris Limited most recently reported annual revenue of $2.4B, net profit of $983.0M. Revenue grew at an average annual rate of 10.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Valaris Limited: Revenue fell from $2.8B in 2016 to $2.4B in 2025, a change of -14.7% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 33.5% to 20.9%, a shift of -12.5 percentage points; the most recent year shows net profit of $983.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.8B$1.8B$1.7B$2.1B$1.4B$1.2B$1.6B$1.8B$2.4B$2.4B
Operating Expenses$1.8B$2.0B$1.9B$2.7B$5.8B$2.1B$1.6B$1.7B$2.0B$1.9B
Operating Profit$929.0M$-132.0M$-236.0M$-670.0M$-4.3B$-897.0M$37.0M$54.0M$352.0M$496.0M
Operating Margin33.5%-7.2%-13.8%-32.6%-303.7%-72.8%2.3%3.0%14.9%20.9%
Other Income$68.0M$-64.0M$-303.0M$606.0M$-782.0M$-3.5B$188.0M$31.0M$18.0M$56.0M
Interest$229.0M$224.0M$283.0M$428.0M$291.0M$0$45.0M$69.0M$85.0M$99.0M
Depreciation$306.0M$383.0M$439.0M$593.0M$547.0M$226.0M$91.0M$101.0M$122.0M$146.0M
Profit Before Tax$998.0M$-196.0M$-539.0M$-64.0M$-5.1B$-4.4B$225.0M$84.0M$370.0M$552.0M
Tax$10.9M$-55.7M$-16.6M$-201.3M$5.1M$-1.2M$19.2M$-929.5M$110,000$-77.3M
Net Profit$890.0M$-304.0M$-640.0M$-198.0M$-4.9B$-4.5B$177.0M$865.0M$373.0M$983.0M
EPS$11.61$-3.35$-5.89$-2.09$-64.77$-59.91$2.33$11.51$5.12$13.86
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$455.0M$484.0M$525.0M$610.0M$643.0M$584.0M$621.0M$615.0M$596.0M$537.0M$465.0M$539.0M
Operating Expenses$439.0M$446.0M$496.0M$501.0M$548.0M$465.0M$478.0M$451.0M$470.0M$481.0M$441.0M$488.0M
Operating Profit$17.0M$38.0M$29.0M$109.0M$95.0M$119.0M$143.0M$164.0M$126.0M$56.0M$24.0M$51.0M
Operating Margin3.6%7.9%5.6%17.9%14.8%20.4%23.0%26.7%21.2%10.5%5.2%9.5%
Interest$19.0M$22.0M$18.0M$23.0M$22.0M$22.0M$24.0M$25.0M$25.0M$25.0M$24.0M$24.0M
Profit Before Tax$28.0M$38.0M$38.0M$121.0M$87.0M$124.0M$154.0M$146.0M$216.0M$36.0M$10.0M$81.0M
Tax$38.6M$-2.1B$33.6M$-24.8M$27.9M$-5.5M$125.4M$21.6M$13.3M$-1.9B$273.1M$41.7M
Net Profit$13.0M$835.0M$26.0M$150.0M$65.0M$134.0M$-38.0M$115.0M$188.0M$718.0M$-16.0M$50.0M
EPS$0.17$11.30$0.35$2.03$0.88$1.88$-0.53$1.61$2.65$10.26$-0.24$0.72

Over the 10 years reported for Valaris Limited, borrowings decreased from $5.3B in 2016 to $1.2B in 2025, cash stood at $606.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.72 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$14.4B$14.6B$14.0B$16.9B$12.9B$2.6B$2.9B$4.3B$4.4B$5.3B
Current Assets$3.2B$1.6B$1.3B$1.0B$1.2B$1.2B$1.3B$1.3B$1.1B$1.2B
Cash$1.2B$445.0M$275.0M$97.0M$326.0M$609.0M$724.0M$621.0M$368.0M$606.0M
Inventory$225.0M$279.0M$268.0M$340.0M$279.0M$0$0$0$0$0
Receivables$361.0M$345.0M$345.0M$521.0M$449.0M$444.0M$449.0M$459.0M$571.0M$479.0M
Fixed Assets$10.9B$12.9B$12.6B$15.2B$11.0B$891.0M$977.0M$1.6B$1.9B$2.2B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.4B$424.0M$329.0M$582.0M$121.0M$87.0M$111.0M$124.0M$113.0M$491.0M
Other Assets$0$0$0$0$507.0M$0$0$0$0$0
Total Liabilities$6.1B$5.9B$5.9B$7.6B$8.5B$1.5B$1.6B$2.3B$2.2B$2.1B
Current Liabilities$854.0M$759.0M$529.0M$831.0M$427.0M$422.0M$504.0M$744.0M$680.0M$692.0M
Borrowings$5.3B$4.8B$5.0B$6.1B$16.0M$555.0M$566.0M$1.2B$1.2B$1.2B
Other Liabilities$845.0M$1.1B$925.0M$1.5B$8.5B$970.0M$997.0M$1.2B$1.0B$937.0M
Equity$31.0M$45.0M$46.0M$83.0M$83.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$8.3B$8.7B$8.1B$9.3B$4.4B$1.1B$1.3B$2.0B$2.2B$3.2B

For Valaris Limited, operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was $203.0M; free cash flow was positive in 2 of 10 years; financing activities used $104.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.1B$259.0M$-56.0M$-277.0M$-252.0M$-66.0M$127.0M$268.0M$355.0M$546.0M
Investing Cash Flow$-889.0M$-940.0M$-840.0M$825.0M$-136.0M$-63.0M$-224.0M$-1.4B$-907.0M$-549.0M
Financing Cash Flow$578.0M$-557.0M$206.0M$-20.0M$-49.0M$-1.0M$-6.0M$-246.0M$-158.0M$-104.0M
Net Cash Flow$1.0B$-714.0M$-170.0M$-178.0M$229.0M$319.0M$104.0M$-113.0M$-255.0M$226.0M
Free Cash Flow$755.0M$-277.0M$-482.0M$-504.0M$-345.0M$-125.0M$-80.0M$-429.0M$-100.0M$203.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.02
EV / EBITDA9.98
FCF Yield-0.53%
Quick Ratio1.55
Interest Coverage2.63
Return 1Y72.58%
Return 3Y14.06%
Return 5Y207.68%

Valaris Limited (VAL) financials — frequently asked questions

What is Valaris Limited's annual revenue?

Valaris Limited (VAL) reported annual revenue of $2.4B in its most recent fiscal year.

What is Valaris Limited's net profit?

Valaris Limited (VAL) reported net profit of $983.0M in its most recent fiscal year.

What is VAL EV/EBITDA?

Valaris Limited's enterprise value to EBITDA (EV/EBITDA) ratio is 9.98.

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