Valaris Limited (VAL) reported $2.14B of revenue for the twelve months ended Sep 30, 2026. That is down 11.6% from the year before. Revenue for fiscal 2025 was $2.37B.

Yes. Valaris Limited earned $797.60M in net income for the twelve months ended Sep 30, 2026, a net margin of 37.3%.

How much cash and debt does VAL have?

Valaris Limited reported $525.10M in cash and cash equivalents and $1.09B of debt on its most recent balance sheet in SEC filings.

How fast is VAL revenue growing?

Valaris Limited's revenue changed +0.3% in fiscal 2025, to $2.37B. Its compound annual growth rate was +10.7% over 5 years.

What is VAL gross margin?

Valaris Limited's gross profit was $516.00M on $2.14B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.2%.

What is VAL free cash flow?

Valaris Limited generated -$206.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $227.50M less capital expenditures.

What is VAL earnings per share?

Diluted earnings per share were $11.27 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did VAL last report financial results?

The latest statements here come from Valaris Limited's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.

Where does this VAL financial data come from?

Quantisnow builds these statements from the structured XBRL data Valaris Limited files with the SEC. It is provided for information only and is not investment advice.

Financials · VAL

Valaris Limited (VAL) financials

For the twelve months ended Sep 30, 2026, Valaris Limited reported $2.14B of revenue and $797.60M of net income.

Revenue, TTM: $2.14B
Revenue growth, YoY: -11.6%
Net income, TTM: $797.60M
Net income growth, YoY: +99.9%
Net margin: 37.3%
Free cash flow, TTM: -$206.80M
EPS, diluted, TTM: $11.27
EPS growth, YoY: +101.6%
Cash: $525.10M
Total debt: $1.09B
P/E: 6.84
P/S: 2.55
Market cap: $5.45B

Annual revenue$2.37B

FY2016FY2025

Annual net income$982.80M

FY2015FY2025

Annual free cash flow$202.70M

FY2015FY2025

VAL revenue and earnings growth

VAL revenueQ3 2026$593.60M

Quarter YoY: -0.4%
QoQ: +10.1%
FY YoY: +0.3%
5Y CAGR: +10.7%

VAL revenue was $593.60M in fiscal Q3 2026 (ended Sep 30, 2026), down 0.4% from a year earlier and up 10.1% from the prior quarter. For the full fiscal 2025 it was $2.37B, up 0.3% from fiscal 2024. Compound annual growth was +10.7% over 5 years. It rose in each of the last 3 fiscal years.

VAL net incomeQ3 2026$46.10M

Quarter YoY: -75.5%
QoQ: -8.5%
FY YoY: +163.2%

VAL net income was $46.10M in fiscal Q3 2026 (ended Sep 30, 2026), down 75.5% from a year earlier and down 8.5% from the prior quarter. For the full fiscal 2025 it was $982.80M, up 163.2% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

VAL EPSQ3 2026$0.66

Quarter YoY: -75.1%
QoQ: -8.3%
FY YoY: +170.7%

VAL diluted EPS was $0.66 in fiscal Q3 2026 (ended Sep 30, 2026), down 75.1% from a year earlier and down 8.3% from the prior quarter. For the full fiscal 2025 it was $13.86, up 170.7% from fiscal 2024.

VAL free cash flowQ3 2026-$54.40M

10Y CAGR: +10.0%

VAL free cash flow was -$54.40M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $128.30M a year earlier. For the full fiscal 2025 it was $202.70M, compared with -$99.70M in fiscal 2024. Compound annual growth was +10.0% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Revenue	$2.37B	$2.36B	$1.78B	$1.60B	$1.43B	$2.05B	$1.71B	$1.84B	$2.78B	-
Cost of revenue	$1.63B	$1.76B	$1.54B	$1.38B	-	$1.81B	$1.32B	$1.19B	-	-
Gross profit	$739.30M	$601.70M	$240.60M	$219.30M	-	$247.20M	$386.00M	$653.50M	-	-
Selling, general and admin	$97.10M	$116.30M	$99.30M	$80.90M	$214.60M	$188.90M	$102.70M	$157.80M	$100.80M	$118.40M
Operating income	$477.00M	$352.30M	$53.50M	$37.20M	-$4.33B	-$669.80M	-$235.90M	-$132.00M	$929.30M	-$1.24B
Interest expense	-	-	-	-	$290.60M	$428.30M	$282.70M	$224.20M	$228.80M	$216.30M
Pre-tax income	$552.30M	$370.20M	$84.20M	$224.90M	-$5.12B	-$63.80M	-$538.90M	-$196.00M	$997.50M	-$1.47B
Income tax	-$426.80M	$400.0K	-$782.60M	$43.10M	-$259.40M	$128.40M	$89.60M	$109.20M	$108.50M	-$13.90M
Net income	$982.80M	$373.40M	$865.40M	$176.50M	-$4.86B	-$198.00M	-$639.70M	-$303.70M	$890.20M	-$1.59B
EPS, basic	$13.92	$5.18	$11.68	$2.35	-$24.42	-$1.14	-$5.90	-$3.66	$12.52	-$27.52
EPS, diluted	$13.86	$5.12	$11.51	$2.33	-$24.42	-$1.14	-$5.90	-$3.66	$12.52	-$27.52
Diluted shares	70.9M	72.9M	75.2M	75.6M	198.9M	173.4M	108.5M	83.1M	69.8M	58.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Cash and equivalents	$599.40M	$380.50M	$635.70M	$748.50M	$325.80M	$97.20M	$275.10M	$445.40M	$1.16B	$121.30M
Short-term investments	-	-	-	-	-	$0	$329.00M	$440.00M	$1.44B	$1.18B
Receivables	$474.80M	$571.20M	$459.30M	$449.10M	$449.20M	$520.70M	$344.70M	$345.40M	$361.00M	$582.00M
Inventory	-	-	-	-	$279.40M	$340.10M	$268.10M	$278.80M	$225.20M	$235.30M
Current assets	$1.23B	$1.08B	$1.27B	$1.35B	$1.17B	$1.06B	$1.31B	$1.61B	$3.28B	$2.29B
Goodwill	-	-	-	-	-	-	-	-	-	$276.10M
Total assets	$5.30B	$4.42B	$4.32B	$2.86B	$12.87B	$16.93B	$14.02B	$14.63B	$14.37B	$13.61B
Current liabilities	$691.60M	$679.50M	$744.30M	$504.40M	$426.80M	$830.70M	$528.50M	$758.50M	$854.40M	$775.50M
Short-term debt	-	-	-	-	$0	$124.80M	$0	$0	$331.90M	$0
Long-term debt	$1.09B	$1.08B	$1.08B	$542.40M	$0	$5.92B	$5.01B	$4.75B	$4.94B	$5.87B
Total debt	$1.09B	$1.08B	$1.08B	$542.40M	$0	$6.05B	$5.01B	$4.75B	$5.27B	$5.87B
Total liabilities	$2.13B	$2.18B	$2.33B	$1.56B	$8.50B	$7.62B	$5.93B	$5.90B	$6.12B	$7.09B
Shareholders' equity	$3.17B	$2.24B	$1.99B	$1.29B	$4.37B	$9.31B	$8.09B	$8.73B	$8.25B	$6.51B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Operating cash flow	$546.20M	$355.40M	$267.50M	$127.00M	-$251.70M	-$276.90M	-$55.70M	$259.40M	$1.08B	$1.70B
Capital expenditures	$343.50M	$455.10M	$696.10M	$207.00M	$93.80M	$227.00M	$426.70M	$536.70M	$322.20M	$1.62B
Free cash flow	$202.70M	-$99.70M	-$428.60M	-$80.00M	-$345.50M	-$503.90M	-$482.40M	-$277.30M	$755.20M	$78.40M
Investing cash flow	-$205.60M	-$452.30M	-$665.80M	-$16.70M	-$42.00M	$1.05B	-$304.70M	-$403.00M	-$575.00M	-$2.04B
Financing cash flow	-$103.60M	-$158.30M	$285.50M	-$6.40M	$522.20M	-$952.30M	$188.20M	-$570.50M	$529.00M	-$191.80M
Dividends paid	-	-	-	-	$0	$4.50M	$17.90M	$13.80M	$11.60M	$141.20M
Share repurchases	$100.00M	$126.40M	$198.60M	$0	-	-	-	-	-	-
Stock-based compensation	$25.20M	$27.70M	$27.30M	$17.40M	$21.40M	$37.30M	$29.90M	$34.20M	$39.60M	$40.20M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016	FY2015 Dec 31, 2015
Revenue growth, YoY	0.3%	32.4%	11.3%	-	-30.5%	20.4%	-7.5%	-33.6%	-	-
Net income growth, YoY	163.2%	-56.9%	390.3%	-	-	-	-	-	-	-
EPS growth, YoY	170.7%	-55.5%	394.0%	-	-	-	-	-	-	-
Gross margin	31.2%	25.5%	13.5%	13.7%	-	12.0%	22.6%	35.5%	-	-
Operating margin	20.1%	14.9%	3.0%	2.3%	-303.7%	-32.6%	-13.8%	-7.2%	33.5%	-
Net margin	41.5%	15.8%	48.5%	11.0%	-340.2%	-9.6%	-37.5%	-16.5%	32.1%	-
Free cash flow margin	8.6%	-4.2%	-24.0%	-5.0%	-24.2%	-24.5%	-28.3%	-15.0%	27.2%	-
Return on equity	31.0%	16.7%	43.5%	13.7%	-111.0%	-2.1%	-7.9%	-3.5%	10.8%	-24.5%
Return on assets	18.5%	8.4%	20.0%	6.2%	-37.7%	-1.2%	-4.6%	-2.1%	6.2%	-11.7%
Current ratio	1.77	1.59	1.71	2.67	2.75	1.28	2.48	2.13	3.84	2.95
Debt to equity	0.34	0.48	0.54	0.42	0.00	0.65	0.62	0.54	0.64	0.90

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$593.60M	$539.20M	$465.40M	$537.40M	$595.70M	$615.20M	$620.70M	$584.40M	$643.10M	$610.10M	$525.00M	$483.80M
Cost of revenue	$417.30M	$415.50M	$373.40M	$413.40M	$405.60M	$395.70M	$415.00M	$415.30M	$462.10M	$438.70M	$444.80M	$402.00M
Gross profit	$176.30M	$123.70M	$92.00M	$124.00M	$190.10M	$219.50M	$205.70M	$169.10M	$181.00M	$171.40M	$80.20M	$81.80M
Selling, general and admin	$25.70M	$27.20M	$25.30M	$27.00M	$26.90M	$18.80M	$24.40M	$26.70M	$30.60M	$32.50M	$26.50M	$24.30M
Operating income	$81.30M	$51.10M	$20.00M	$39.40M	$130.50M	$164.10M	$143.00M	$119.20M	$94.90M	$108.90M	$29.30M	$38.30M
Pre-tax income	$101.40M	$80.60M	$10.40M	$36.40M	$215.90M	$145.70M	$154.30M	$123.80M	$87.20M	$120.80M	$38.40M	$38.30M
Income tax	$54.70M	$33.60M	$28.40M	-$680.40M	$28.60M	$31.50M	$193.50M	-$6.80M	$24.30M	-$30.00M	$12.90M	-$790.20M
Net income	$46.10M	$50.40M	-$16.40M	$717.50M	$188.10M	$115.10M	-$37.90M	$133.70M	$64.60M	$149.60M	$25.50M	$835.20M
EPS, basic	$0.66	$0.73	-$0.24	$10.17	$2.66	$1.62	-$0.53	$1.87	$0.89	$2.07	$0.35	$11.27
EPS, diluted	$0.66	$0.72	-$0.24	$10.13	$2.65	$1.61	-$0.53	$1.86	$0.88	$2.03	$0.35	$11.12
Diluted shares	70.3M	70.4M	69.2M	-	71.0M	71.3M	71.0M	-	73.2M	73.7M	73.6M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$525.10M	$541.20M	$578.30M	$599.40M	$675.50M	$516.20M	$453.70M	$380.50M	$392.20M	$410.30M	$509.10M	$635.70M
Receivables	$538.10M	$458.10M	$447.90M	$474.80M	$513.70M	$554.20M	$557.70M	$571.20M	$555.80M	$631.70M	$510.90M	$459.30M
Current assets	$1.26B	$1.20B	$1.20B	$1.23B	$1.34B	$1.23B	$1.16B	$1.08B	$1.11B	$1.22B	$1.20B	$1.27B
Total assets	$5.48B	$5.45B	$5.36B	$5.30B	$4.64B	$4.50B	$4.39B	$4.42B	$4.33B	$4.42B	$4.35B	$4.32B
Current liabilities	$768.80M	$774.80M	$777.70M	$691.60M	$718.00M	$678.70M	$694.60M	$679.50M	$692.30M	$707.60M	$760.70M	$744.30M
Long-term debt	$1.09B	$1.09B	$1.09B	$1.09B	$1.09B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B
Total debt	$1.09B	$1.09B	$1.09B	$1.09B	$1.09B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B
Total liabilities	$2.21B	$2.23B	$2.20B	$2.13B	$2.19B	$2.17B	$2.18B	$2.18B	$2.21B	$2.23B	$2.32B	$2.33B
Shareholders' equity	$3.27B	$3.22B	$3.16B	$3.17B	$2.45B	$2.33B	$2.21B	$2.24B	$2.11B	$2.18B	$2.02B	$1.99B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$67.20M	$13.10M	$75.00M	$72.20M	$198.10M	$120.00M	$155.90M	$124.60M	$193.00M	$11.50M	$26.30M	$96.70M
Capital expenditures	$121.60M	$105.50M	$100.90M	$106.30M	$69.80M	$67.20M	$100.20M	$111.70M	$81.90M	$110.20M	$151.30M	$463.00M
Free cash flow	-$54.40M	-$92.40M	-$25.90M	-$34.10M	$128.30M	$52.80M	$55.70M	$12.90M	$111.10M	-$98.70M	-$125.00M	-$366.30M
Investing cash flow	-$79.30M	-$50.40M	-$95.70M	-$104.70M	$38.90M	-$57.40M	-$82.40M	-$109.10M	-$81.80M	-$110.10M	-$151.30M	-$461.90M
Financing cash flow	-$4.30M	-$100.0K	-$1.40M	-$25.50M	-$77.70M	-$100.0K	-$300.0K	-$27.20M	-$129.30M	-$200.0K	-$1.60M	-$56.40M
Share repurchases	-	-	-	$25.00M	-	-	-	$25.00M	$100.00M	-	-	$51.20M
Stock-based compensation	$10.60M	$9.20M	$6.40M	$6.80M	$6.80M	$6.00M	$5.60M	$5.30M	$7.00M	$7.40M	$8.00M	$7.80M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	-0.4%	-12.4%	-25.0%	-8.0%	-7.4%	0.8%	18.2%	20.8%	41.3%	46.9%	22.1%	11.6%
Net income growth, YoY	-75.5%	-56.2%	-	436.6%	191.2%	-23.1%	-	-84.0%	400.8%	-	-45.4%	2760.3%
EPS growth, YoY	-75.1%	-55.3%	-	444.6%	201.1%	-20.7%	-	-83.3%	417.6%	-	-42.6%	2826.3%
Gross margin	29.7%	22.9%	19.8%	23.1%	31.9%	35.7%	33.1%	28.9%	28.1%	28.1%	15.3%	16.9%
Operating margin	13.7%	9.5%	4.3%	7.3%	21.9%	26.7%	23.0%	20.4%	14.8%	17.8%	5.6%	7.9%
Net margin	7.8%	9.3%	-3.5%	133.5%	31.6%	18.7%	-6.1%	22.9%	10.0%	24.5%	4.9%	172.6%
Free cash flow margin	-9.2%	-17.1%	-5.6%	-6.3%	21.5%	8.6%	9.0%	2.2%	17.3%	-16.2%	-23.8%	-75.7%
Current ratio	1.64	1.55	1.55	1.77	1.87	1.81	1.67	1.59	1.61	1.73	1.57	1.71
Debt to equity	0.33	0.34	0.34	0.34	0.44	0.47	0.49	0.48	0.51	0.50	0.53	0.54

Source: XBRL data Valaris Limited files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-4, first reported May 2, 2019.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VAL peers

Company	Revenue	Growth	Net income	Net margin	Market cap
VAL	$2.14B	-11.6%	$797.60M	37.3%	$5.45B
SHELShell PLC	$273.73B	-5.3%	$17.84B	6.5%	$273.51B
TTETotalEnergies SE	$201.20B	-6.2%	$13.13B	6.5%	$192.00B
PBRPetroleo Brasileiro S.A. Petrobras	$89.19B	-2.4%	$19.63B	22.0%	$118.25B
CNQCanadian Natural Resources Limited	C$38.76B	+8.7%	C$10.82B	27.9%	$98.26B
EENI S.p.A.	€82.15B	-7.5%	€2.61B	3.2%	$87.98B
EOGEOG Resources Inc.	$29.73B	+31.7%	$8.19B	27.5%	$76.96B
OXYOccidental Petroleum Corporation	$25.75B	+36.9%	$7.50B	29.1%	$55.74B
OKEONEOK Inc.	$43.19B	+36.8%	$4.07B	9.4%	$54.21B

VAL FAQ

9 questions

What is VAL revenue?
Valaris Limited (VAL) reported $2.14B of revenue for the twelve months ended Sep 30, 2026. That is down 11.6% from the year before. Revenue for fiscal 2025 was $2.37B.
Is VAL profitable?
Yes. Valaris Limited earned $797.60M in net income for the twelve months ended Sep 30, 2026, a net margin of 37.3%.
How much cash and debt does VAL have?
Valaris Limited reported $525.10M in cash and cash equivalents and $1.09B of debt on its most recent balance sheet in SEC filings.
How fast is VAL revenue growing?
Valaris Limited's revenue changed +0.3% in fiscal 2025, to $2.37B. Its compound annual growth rate was +10.7% over 5 years.
What is VAL gross margin?
Valaris Limited's gross profit was $516.00M on $2.14B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.2%.
What is VAL free cash flow?
Valaris Limited generated -$206.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $227.50M less capital expenditures.
What is VAL earnings per share?
Diluted earnings per share were $11.27 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did VAL last report financial results?
The latest statements here come from Valaris Limited's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
Where does this VAL financial data come from?
Quantisnow builds these statements from the structured XBRL data Valaris Limited files with the SEC. It is provided for information only and is not investment advice.