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Valaris (VAL)

NYSE Energy Oil & Gas Drilling S&P MidCap 400
$79.77
+2.45 (+3.17%)
Close of Nov 06, 2026 · end-of-day data
Source: Valaris's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2022FY2023FY2024FY2025
Revenue$2.78B$1.84B$1.71B$2.05B$1.43B$9.20M$8.40M$9.60M$11.90M
Cost of revenue—$1.19B$1.32B$1.81B—$1.38B$1.54B$1.76B$1.63B
Gross profit—$653.50M$386.00M$247.20M—-$1.37B-$1.54B-$1.75B-$1.62B
Operating income$929.30M-$132.00M-$235.90M-$669.80M-$4.33B$37.20M$53.50M$352.30M$477.00M
Interest expense$228.80M$224.20M$282.70M$428.30M$290.60M————
Pre-tax income$997.50M-$196.00M-$538.90M-$63.80M-$5.12B$224.90M$84.20M$370.20M$552.30M
Income tax$108.50M$109.20M$89.60M$128.40M-$259.40M$43.10M-$782.60M$400.00K-$426.80M
Net income$890.20M-$303.70M-$639.70M-$198.00M-$4.86B$176.50M$865.40M$373.40M$982.80M
EBITDA——$243.00M-$60.10M-$3.79B$128.40M$154.60M$474.40M$623.30M
EPS (basic)$3.13$-3.66$-5.90$-1.14$-24.42$2.35$11.68$5.18$13.92
EPS (diluted)$3.13$-3.66$-5.90$-1.14$-24.42$2.33$11.51$5.12$13.86
Diluted shares279.10M83.10M108.50M173.40M198.90M75.60M75.20M72.90M70.90M
Gross margin—35.5%22.6%12.0%—-14934.8%-18276.2%-18242.7%-13595.0%
Operating margin33.5%-7.2%-13.8%-32.6%-303.7%404.3%636.9%3669.8%4008.4%
Net margin32.1%-16.5%-37.5%-9.6%-340.2%1918.5%10302.4%3889.6%8258.8%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2022FY2023FY2024FY2025
Cash & equivalents$1.16B$445.40M$275.10M$97.20M$325.80M$724.10M$620.50M$368.20M$599.40M
Short-term investments$1.44B$440.00M$329.00M$0—————
Receivables$361.00M$345.40M$231.70M$520.70M$449.20M$449.10M$459.30M$571.20M$474.80M
Inventory$225.20M$278.80M$268.10M$340.10M$279.40M————
Total current assets$3.28B$1.61B$1.31B$1.06B$1.17B$1.35B$1.27B$1.08B$1.23B
Total assets$14.37B$14.63B$14.02B$16.93B$12.87B$2.86B$4.32B$4.42B$5.30B
Total current liabilities$854.40M$758.50M$528.50M$830.70M$426.80M$504.40M$744.30M$679.50M$691.60M
Short-term debt$331.90M$0$0$124.80M$0————
Long-term debt$4.94B$4.75B$5.01B$5.92B$0$542.40M$1.08B$1.08B$1.09B
Total debt$5.27B$4.75B$5.01B$6.05B$0$542.40M$1.08B$1.08B$1.09B
Total liabilities$6.12B$5.89B$5.93B$7.62B$8.50B$1.56B$2.33B$2.18B$2.13B
Shareholders' equity$8.25B$8.73B$8.09B$9.31B$4.37B$1.29B$1.99B$2.24B$3.17B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2022FY2023FY2024FY2025
Operating cash flow$1.08B$259.40M-$55.70M-$276.90M-$251.70M$127.00M$267.50M$355.40M$546.20M
Capital expenditures$322.20M$536.70M$426.70M$227.00M$93.80M$207.00M$696.10M$455.10M$343.50M
Free cash flow$755.20M-$277.30M-$482.40M-$503.90M-$345.50M-$80.00M-$428.60M-$99.70M$202.70M
Investing cash flow-$575.00M-$403.00M-$304.70M$1.05B-$42.00M-$16.70M-$665.80M-$452.30M-$205.60M
Financing cash flow$529.00M-$570.50M$188.20M-$952.30M$522.20M-$6.40M$285.50M-$158.30M-$103.60M
Dividends paid$11.60M$13.80M$17.90M$4.50M$0————
Share buybacks—————$0$198.60M$126.40M$100.00M
Stock-based compensation$39.60M$34.20M$29.90M$37.30M$21.40M$17.40M$27.30M$27.70M$25.20M
Depreciation & amortization——$478.90M$609.70M$540.80M$91.20M$101.10M$122.10M$146.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.