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Stocks · Energy · Drilling Oil & Gas Wells

Valaris Ltd

VAL Clue Score70
Fiscal year ends December CIK 0000314808
$83.65 -0.37% Close, 9 Oct 2026
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Price $83.65 +136.83% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 3 May 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2.78Operating income0.93Net income0.89Fiscal year 2017Revenue1.84 −33.6%Operating income−0.13Net income−0.30 −134.1%Fiscal year 2018Revenue1.71 −7.5%Operating income−0.24Net income−0.64Fiscal year 2019Revenue2.05 +20.4%Operating income−0.67Net income−0.20Fiscal year 2020Revenue1.43 −30.5%Operating income−4.33Net income−4.86EPS, diluted−24.42Fiscal year 2021Fiscal year 2022Revenue0.01Operating income0.04Net income0.18EPS, diluted2.33Fiscal year 2023Revenue0.01 −8.7%Operating income0.05Net income0.87 +390.3%EPS, diluted11.51Fiscal year 2024Revenue0.01 +14.3%Operating income0.35Net income0.37 −56.9%EPS, diluted5.12Fiscal year 2025Revenue0.01 +24.0%Operating income0.48Net income0.98 +163.2%EPS, diluted13.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.78 1.84 1.71 2.05 1.43 n/a 0.01 0.01 0.01 0.01
Growth −33.6% −7.5% +20.4% −30.5% −8.7% +14.3% +24.0%
Operating income 0.93 −0.13 −0.24 −0.67 −4.33 n/a 0.04 0.05 0.35 0.48
Net income 0.89 −0.30 −0.64 −0.20 −4.86 n/a 0.18 0.87 0.37 0.98
Growth −134.1% +390.3% −56.9% +163.2%
EPS, diluted n/a n/a n/a n/a −24.42 n/a 2.33 11.51 5.12 13.86

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin33.5%Net margin32.1%Free cash flow margin27.2%Fiscal year 2017Operating margin−7.2%Net margin−16.5%Free cash flow margin−15.0%Fiscal year 2018Operating margin−13.8%Net margin−37.5%Free cash flow margin−28.3%Fiscal year 2019Operating margin−32.6%Net margin−9.6%Free cash flow margin−24.5%Fiscal year 2020Operating margin−303.7%Net margin−340.2%Free cash flow margin−24.2%Fiscal year 2021Fiscal year 2022Operating margin404.3%Net margin1,918.5%Free cash flow margin−869.6%Fiscal year 2023Operating margin636.9%Net margin10,302.4%Free cash flow margin−5,102.4%Fiscal year 2024Operating margin3,669.8%Net margin3,889.6%Free cash flow margin−1,038.5%Fiscal year 2025Operating margin4,008.4%Net margin8,258.8%Free cash flow margin1,703.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 33.5% −7.2% −13.8% −32.6% −303.7% n/a 404.3% 636.9% 3,669.8% 4,008.4%
Net margin 32.1% −16.5% −37.5% −9.6% −340.2% n/a 1,918.5% 10,302.4% 3,889.6% 8,258.8%
Free cash flow margin 27.2% −15.0% −28.3% −24.5% −24.2% n/a −869.6% −5,102.4% −1,038.5% 1,703.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.08Capital expenditure−0.32Free cash flow0.76Dividends paid−0.01Fiscal year 2017Operating cash flow0.26Capital expenditure−0.54Free cash flow−0.28 −136.7%Dividends paid−0.01Fiscal year 2018Operating cash flow−0.06Capital expenditure−0.43Free cash flow−0.48Dividends paid−0.02Fiscal year 2019Operating cash flow−0.28Capital expenditure−0.23Free cash flow−0.50Dividends paid−0.00Fiscal year 2020Operating cash flow−0.25Capital expenditure−0.09Free cash flow−0.35Dividends paid0.00Fiscal year 2021Fiscal year 2022Operating cash flow0.13Capital expenditure−0.21Free cash flow−0.08Buybacks0.00Fiscal year 2023Operating cash flow0.27Capital expenditure−0.70Free cash flow−0.43Buybacks−0.20Fiscal year 2024Operating cash flow0.36Capital expenditure−0.46Free cash flow−0.10Buybacks−0.13Fiscal year 2025Operating cash flow0.55Capital expenditure−0.34Free cash flow0.20Buybacks−0.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.08 0.26 −0.06 −0.28 −0.25 n/a 0.13 0.27 0.36 0.55
Capital expenditure −0.32 −0.54 −0.43 −0.23 −0.09 n/a −0.21 −0.70 −0.46 −0.34
Free cash flow 0.76 −0.28 −0.48 −0.50 −0.35 n/a −0.08 −0.43 −0.10 0.20
Growth −136.7%
Buybacks n/a n/a n/a n/a n/a n/a 0.00 −0.20 −0.13 −0.10
Dividends paid −0.01 −0.01 −0.02 −0.00 0.00 n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.16Total debt5.27Net cash (debt)−4.11Shareholders’ equity8.25Debt to equity0.64Fiscal year 2017Cash0.45Total debt4.75Net cash (debt)−4.31Shareholders’ equity8.73Debt to equity0.54Fiscal year 2018Cash0.28Total debt5.01Net cash (debt)−4.74Shareholders’ equity8.09Debt to equity0.62Fiscal year 2019Cash0.10Total debt6.05Net cash (debt)−5.95Shareholders’ equity9.31Debt to equity0.65Fiscal year 2020Cash0.33Total debt0.00Net cash (debt)0.33Shareholders’ equity4.37Debt to equity0.00Fiscal year 2021Cash0.61Total debt0.55Net cash (debt)0.06Shareholders’ equity1.07Debt to equity0.51Fiscal year 2022Cash0.72Total debt0.54Net cash (debt)0.18Shareholders’ equity1.29Debt to equity0.42Fiscal year 2023Cash0.62Total debt1.08Net cash (debt)−0.46Shareholders’ equity1.99Debt to equity0.54Fiscal year 2024Cash0.37Total debt1.08Net cash (debt)−0.71Shareholders’ equity2.24Debt to equity0.48Fiscal year 2025Cash0.60Total debt1.09Net cash (debt)−0.49Shareholders’ equity3.17Debt to equity0.34
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.16 0.45 0.28 0.10 0.33 0.61 0.72 0.62 0.37 0.60
Total debt 5.27 4.75 5.01 6.05 0.00 0.55 0.54 1.08 1.08 1.09
Net cash (debt) −4.11 −4.31 −4.74 −5.95 0.33 0.06 0.18 −0.46 −0.71 −0.49
Shareholders’ equity 8.25 8.73 8.09 9.31 4.37 1.07 1.29 1.99 2.24 3.17
Debt to equity 0.64 0.54 0.62 0.65 0.00 0.51 0.42 0.54 0.48 0.34

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2.78 1.84 1.71 2.05 1.43 n/a 0.01 0.01 0.01 0.01
Growth −33.6% −7.5% +20.4% −30.5% −8.7% +14.3% +24.0%
n/a 1.19 1.32 1.81 n/a n/a 1.38 1.54 1.76 1.63
0.10 0.16 0.10 0.19 0.21 n/a 0.08 0.10 0.12 0.10
0.93 −0.13 −0.24 −0.67 −4.33 n/a 0.04 0.05 0.35 0.48
Growth −114.2% +43.8% +558.5% +35.4%
1.00 −0.20 −0.54 −0.06 −5.12 n/a 0.22 0.08 0.37 0.55
0.11 0.11 0.09 0.13 −0.26 n/a 0.04 −0.78 0.00 −0.43
0.89 −0.30 −0.64 −0.20 −4.86 n/a 0.18 0.87 0.37 0.98
Growth −134.1% +390.3% −56.9% +163.2%
Per share
n/a n/a n/a n/a −24.42 n/a 2.35 11.68 5.18 13.92
n/a n/a n/a n/a −24.42 n/a 2.33 11.51 5.12 13.86
Growth +394.0% −55.5% +170.7%
n/a n/a n/a n/a 198.9 n/a 75.1 74.1 72.1 70.6
n/a n/a n/a n/a 198.9 199.6 75.6 75.2 72.9 70.9
Growth +0.4% −62.1% −0.5% −3.1% −2.7%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 64.3% a year over five years.
  • Operating margin is up 4,041.0 points on five years ago, at 4,008.4%.
  • A net loss in 4 of 9 years on file.