VAL
Valaris Ltd
NYSE: VAL · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$103.98
+1.97% today
Updated 2026-04-29
Market cap
$7.06B
P/E ratio
7.36
P/S ratio
2.98x
EPS (TTM)
$13.86
Dividend yield
—
52W range
$32 – $105
Volume
1.1M
Valaris Ltd (VAL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $2.14B | $2.45B | $1.95B | $1.70B | $2.84B | $3.64B | $4.32B | $4.56B | $4.06B | $2.78B | $1.84B | $1.71B | $2.05B | $1.43B | $1.23B | $1.60B | $1.78B | $2.36B | $2.37B |
| Revenue growth (YoY) | — | +18.2% | +14.3% | -20.6% | -12.8% | +67.5% | +28.0% | +18.8% | +5.6% | -11.0% | -31.7% | -33.6% | -7.5% | +20.4% | -30.5% | -13.6% | +30.0% | +11.3% | +32.4% | +0.3% |
| Cost of revenue | $576.70M | $684.10M | $800.50M | $725.50M | $768.10M | $1.47B | $1.64B | $1.95B | $2.08B | $1.87B | $1.30B | $1.19B | $1.32B | $1.81B | $1.47B | $1.07B | $1.38B | $1.54B | $1.76B | $1.78B |
| Gross profit | $1.24B | $1.46B | $1.65B | $1.22B | $928.70M | $1.37B | $2.00B | $2.38B | $2.49B | $2.19B | $1.48B | $653.50M | $386.00M | $245.40M | $-43.20M | $164.50M | $219.30M | $240.60M | $601.70M | $593.00M |
| Gross margin | 68.2% | 68.1% | 67.3% | 62.7% | 54.7% | 48.3% | 54.9% | 55.0% | 54.5% | 54.0% | 53.1% | 35.5% | 22.6% | 12.0% | -3.0% | 13.3% | 13.7% | 13.5% | 25.5% | 25.0% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $44.60M | $59.50M | $53.80M | $64.00M | $86.10M | $158.60M | $148.90M | $146.80M | $131.90M | $118.40M | $100.80M | $106.20M | $102.70M | $188.90M | $214.60M | $88.90M | $80.90M | $99.30M | $116.30M | $97.10M |
| Operating income | $1.02B | $1.22B | $1.41B | $950.50M | $626.30M | $794.30M | $1.40B | $1.73B | $-2.40B | $-1.24B | $929.30M | $-132.00M | $-235.90M | $-669.80M | $-4.33B | $-897.40M | $37.20M | $53.50M | $352.30M | $495.90M |
| Operating margin | 56.1% | 56.7% | 57.4% | 48.8% | 36.9% | 27.9% | 38.6% | 40.1% | -52.6% | -30.6% | 33.5% | -7.2% | -13.8% | -32.6% | -303.7% | -72.8% | 2.3% | 3.0% | 14.9% | 20.9% |
| EBITDA | $1.21B | $1.45B | $1.62B | $1.17B | $892.20M | $1.23B | $1.81B | $2.20B | $2.35B | $1.91B | $1.23B | $485.70M | $243.10M | $45.50M | $-118.90M | $89.70M | $154.80M | $142.20M | $487.80M | $797.40M |
| EBITDA margin | 66.7% | 67.5% | 66.3% | 59.9% | 52.6% | 43.2% | 49.8% | 50.9% | 51.4% | 47.0% | 44.5% | 26.4% | 14.3% | 2.2% | -8.3% | 7.3% | 9.7% | 8.0% | 20.6% | 33.7% |
| EBIT | $1.03B | $1.26B | $1.43B | $959.30M | $675.90M | $808.60M | $1.40B | $1.73B | $1.82B | $1.50B | $929.30M | $102.50M | $-195.60M | $-547.40M | $-665.90M | $-136.00M | $63.60M | $41.10M | $365.70M | $651.10M |
| Interest expense | $16.00M | $1.00M | $14.00M | $2.20M | $700000.00 | $95.90M | $123.60M | $158.80M | $161.40M | $216.30M | $228.80M | $224.20M | $282.70M | $428.30M | $290.60M | $278.20M | $45.30M | $68.90M | $84.80M | $98.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $769.70M | $992.00M | $1.15B | $779.40M | $579.50M | $600.40M | $1.06B | $1.41B | $-3.90B | $-1.59B | $890.20M | $-303.70M | $-639.70M | $-198.00M | $-4.86B | $-4.49B | $176.50M | $865.40M | $373.40M | $982.80M |
| Net income growth (YoY) | — | +28.9% | +16.0% | -32.3% | -25.6% | +3.6% | +76.0% | +33.0% | -377.7% | +59.1% | +155.8% | -134.1% | -110.6% | +69.0% | -2352.3% | +7.4% | +103.9% | +390.3% | -56.9% | +163.2% |
| Profit margin | 42.4% | 46.3% | 47.0% | 40.1% | 34.2% | 21.1% | 29.0% | 32.5% | -85.5% | -39.2% | 32.1% | -16.5% | -37.5% | -9.6% | -340.2% | -364.7% | 11.0% | 48.5% | 15.8% | 41.5% |