Valaris (VAL) Financials

$38.34 +2.06 (+5.68%)

Closing price 03:59 PM Eastern

Extended Trading

$38.42 +0.08 (+0.22%)

As of 07:26 PM Eastern

Annual Income Statements for Valaris

This table shows Valaris' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	373	865	177	-4,856	-198	-640	-304	890	-1,595
Consolidated Net Income / (Loss)	370	867	182	-4,858	-192	-637	-304	897	-1,586
Net Income / (Loss) Continuing Operations	370	867	182	-4,858	-192	-629	-305	889	-1,457
Total Pre-Tax Income	370	84	225	-5,117	-64	-539	-196	998	-1,471
Total Operating Income	352	54	37	-4,335	-670	-236	-132	929	-1,244
Total Gross Profit	602	241	219	1,427	2,053	386	654	1,475	2,194
Total Revenue	2,363	1,784	1,603	1,427	2,053	1,705	1,843	2,776	4,063
Operating Revenue	2,363	1,784	1,603	1,427	2,053	1,705	1,843	2,776	4,063
Total Cost of Revenue	1,761	1,544	1,383	0.00	0.00	1,319	1,190	1,301	1,870
Operating Cost of Revenue	1,761	1,544	1,383	-	-	1,319	1,190	1,301	1,870
Total Operating Expenses	249	187	182	5,762	2,723	622	786	546	3,437
Selling, General & Admin Expense	116	99	81	215	189	103	158	101	118
Depreciation Expense	122	101	91	541	610	479	445	445	573
Other Operating Expenses / (Income)	11	-13	-25	1,360	1,820	0.00	-	-	-
Impairment Charge	0.00	0.00	35	3,646	104	40	183	0.00	2,746
Total Other Income / (Expense), net	18	31	188	-783	606	-303	-64	68	-228
Interest Expense	85	69	45	291	428	283	224	229	216
Interest & Investment Income	86	101	66	20	28	15	26	14	9.90
Other Income / (Expense), net	17	-1.80	168	-512	1,006	-35	134	283	-21
Income Tax Expense	0.40	-783	43	-259	128	90	109	109	-14
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.60	1.40	5.30	-2.10	5.80	3.10	-0.50	6.90	8.90
Basic Earnings per Share	$5.18	$11.68	$2.35	($24.42)	($1.14)	($5.90)	($3.66)	$3.13	($6.88)
Weighted Average Basic Shares Outstanding	72.10M	74.10M	75.10M	198.90M	173.40M	108.50M	83.10M	279.10M	232.20M
Diluted Earnings per Share	$5.12	$11.51	$2.33	($24.42)	($1.14)	($5.90)	($3.66)	$3.13	($6.88)
Weighted Average Diluted Shares Outstanding	72.90M	75.20M	75.60M	198.90M	173.40M	108.50M	83.10M	279.10M	232.20M
Weighted Average Basic & Diluted Shares Outstanding	71.03M	72.41M	75.18M	198.90M	173.40M	108.50M	83.10M	279.10M	232.20M

This table shows Valaris' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-38	134	65	150	26	835	13	-29	47	29	74
Consolidated Net Income / (Loss)	-39	131	63	151	26	829	17	-27	49	31	78
Net Income / (Loss) Continuing Operations	-39	131	63	151	26	829	17	-27	49	31	78
Total Pre-Tax Income	154	124	87	121	38	38	28	-2.80	21	41	92
Total Operating Income	143	119	95	109	29	38	17	-9.90	8.50	41	62
Total Gross Profit	206	169	181	171	80	82	64	42	53	80	101
Total Revenue	621	584	643	610	525	484	455	415	430	434	437
Operating Revenue	621	584	643	610	525	484	455	415	430	434	437
Total Cost of Revenue	415	415	462	439	445	402	391	374	377	353	337
Operating Cost of Revenue	415	415	462	439	445	402	391	374	377	353	337
Total Operating Expenses	63	50	86	63	51	44	48	52	44	39	39
Selling, General & Admin Expense	24	27	31	33	27	24	24	26	24	24	19
Depreciation Expense	33	34	32	30	27	28	26	25	23	24	23
Other Operating Expenses / (Income)	-2.60	-11	24	0.30	-2.40	-8.30	-2.40	0.70	-3.30	-8.60	-2.90
Impairment Charge	7.80	-	-	-	-	-	-	-	-	-	0.00
Total Other Income / (Expense), net	11	4.60	-7.70	12	9.10	-	11	7.10	13	-0.20	30
Interest Expense	24	22	22	23	18	22	19	17	11	11	12
Interest & Investment Income	14	17	18	31	21	27	27	25	23	16	28
Other Income / (Expense), net	21	10	-2.80	3.50	5.80	-5.50	3.90	-0.80	0.60	-5.20	14
Income Tax Expense	194	-6.80	24	-30	13	-790	11	25	-28	9.80	14
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.30	-3.10	-1.70	1.20	0.00	-6.70	4.10	2.10	1.90	1.90	3.40
Basic Earnings per Share	($0.53)	$1.87	$0.89	$2.07	$0.35	$11.27	$0.18	($0.39)	$0.62	$0.38	$0.99
Weighted Average Basic Shares Outstanding	71M	72.10M	72.40M	72.40M	72.40M	74.10M	73.70M	74.80M	75.20M	75.10M	75.10M
Diluted Earnings per Share	($0.53)	$1.86	$0.88	$2.03	$0.35	$11.12	$0.17	($0.39)	$0.61	$0.38	$0.98
Weighted Average Diluted Shares Outstanding	71M	72.90M	73.20M	73.70M	73.60M	75.20M	74.80M	74.80M	76.40M	75.60M	75.60M
Weighted Average Basic & Diluted Shares Outstanding	71.07M	71.03M	71.12M	72.75M	72.41M	72.41M	72.90M	73.99M	75.18M	75.18M	75.18M

This table details how cash moves in and out of Valaris' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-255	-113	104	229	-178	-170	-714	1,038	-544
Net Cash From Operating Activities	355	268	127	-252	-277	-56	259	1,077	1,698
Net Cash From Continuing Operating Activities	355	268	127	-252	-277	-56	259	1,077	1,698
Net Income / (Loss) Continuing Operations	370	867	182	-4,858	-192	-637	-304	889	-1,457
Consolidated Net Income / (Loss)	370	867	182	-4,858	-192	-637	-304	897	-1,586
Depreciation Expense	122	101	91	541	610	479	445	445	573
Non-Cash Adjustments To Reconcile Net Income	-47	-9.70	-109	4,162	-667	114	53	-287	2,792
Changes in Operating Assets and Liabilities, net	-89	-691	-38	-140	-42	36	127	169	-45
Net Cash From Investing Activities	-452	-666	-17	-42	1,052	-305	-403	-575	-2,041
Net Cash From Continuing Investing Activities	-452	-666	-17	-42	1,052	-305	-403	-575	-2,041
Purchase of Property, Plant & Equipment	-455	-696	-207	-94	-227	-427	-537	-322	-1,620
Purchase of Investments	0.00	0.00	-220	0.00	-145	-919	-1,040	-2,475	-1,780
Sale of Property, Plant & Equipment	2.80	30	150	52	18	11	2.80	9.80	1.60
Sale and/or Maturity of Investments	0.00	0.00	220	0.00	474	1,030	2,043	2,212	1,357
Other Investing Activities, net	0.00	0.00	40	0.00	-	-	-	-	-
Net Cash From Financing Activities	-158	286	-6.40	522	-952	188	-571	529	-192
Net Cash From Continuing Financing Activities	-158	286	-6.40	522	-952	188	-571	529	-192
Repayment of Debt	-2.00	-614	-3.90	-27	-1,153	-794	-557	-894	-1,129
Repurchase of Common Equity	-126	-199	0.00	-	-	-	-	-	-
Issuance of Debt	0.00	1,103	0.00	596	215	1,000	0.00	850	1,079
Other Financing Activities, net	-30	-5.40	-2.50	-40	-9.50	0.00	0.00	-	-

This table details how cash moves in and out of Valaris' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	73	-12	-18	-99	-127	-422	252	-39	96	324	-153
Net Cash From Operating Activities	156	125	193	12	26	97	48	-29	152	155	86
Net Cash From Continuing Operating Activities	156	125	193	12	26	97	48	-29	152	155	86
Net Income / (Loss) Continuing Operations	-39	131	63	151	26	829	17	-27	49	31	78
Consolidated Net Income / (Loss)	-39	131	63	151	26	829	17	-27	49	31	78
Depreciation Expense	33	34	32	30	27	28	26	25	23	24	23
Non-Cash Adjustments To Reconcile Net Income	-43	-30	23	-32	-8.90	-1.10	1.60	16	-26	-12	14
Changes in Operating Assets and Liabilities, net	205	-10	75	-137	-17	-758	3.80	-42	106	118	-30
Net Cash From Investing Activities	-82	-109	-82	-110	-151	-462	-106	-42	-56	170	-233
Net Cash From Continuing Investing Activities	-82	-109	-82	-110	-151	-462	-106	-42	-56	170	-233
Purchase of Property, Plant & Equipment	-100	-112	-82	-110	-151	-463	-106	-71	-56	-54	-54
Sale of Property, Plant & Equipment	18	-	-	-	-	-	-	-	-	3.50	0.30
Net Cash From Financing Activities	-0.30	-27	-129	-0.20	-1.60	-56	310	32	0.00	-	-6.20
Net Cash From Continuing Financing Activities	-0.30	-27	-129	-0.20	-1.60	-56	310	32	0.00	-	-6.20
Repayment of Debt	-0.30	-2.00	0.40	1.20	-1.60	-5.00	-5.30	-603	0.00	-3.90	0.20

This table presents Valaris' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,420	4,322	2,860	2,603	12,873	16,931	14,024	14,626	14,375	13,611
Total Current Assets	1,079	1,272	1,346	1,207	1,173	1,064	1,310	1,612	3,279	2,285
Cash & Equivalents	368	621	724	609	326	97	275	445	1,160	121
Restricted Cash	12	15	24	36	11	-	-	-	-	-
Accounts Receivable	571	459	449	444	449	521	345	345	361	582
Other Current Assets	127	177	149	118	387	447	361	381	316	402
Plant, Property, & Equipment, net	1,933	1,634	977	891	10,961	15,097	12,616	12,874	10,919	11,088
Plant, Property & Equipment, gross	2,309	1,889	1,135	957	13,209	18,394	15,517	15,332	12,993	12,719
Accumulated Depreciation	377	255	157	66	2,249	3,297	2,901	2,458	2,073	1,632
Total Noncurrent Assets	1,408	1,416	537	506	740	770	98	140	176	238
Long-Term Investments	113	124	111	87	121	129	0.00	-	-	-
Noncurrent Note & Lease Receivables	296	282	254	249	443	453	0.00	-	-	-
Noncurrent Deferred & Refundable Income Taxes	850	855	55	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	149	154	117	170	176	188	98	140	176	238
Total Liabilities & Shareholders' Equity	4,420	4,322	2,860	2,603	12,873	16,931	14,024	14,626	14,375	13,611
Total Liabilities	2,176	2,325	1,562	1,526	8,503	7,622	5,935	5,896	6,120	7,093
Total Current Liabilities	680	744	504	422	427	831	529	759	854	776
Accounts Payable	329	400	257	226	176	288	211	433	146	225
Other Current Liabilities	351	344	248	196	250	418	318	326	377	551
Total Noncurrent Liabilities	1,496	1,581	1,058	1,104	8,076	6,791	5,406	5,137	5,265	6,318
Long-Term Debt	1,083	1,079	542	545	0.00	5,924	5,010	4,751	4,943	5,869
Noncurrent Deferred & Payable Income Tax Liabilities	30	30	16	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	383	472	500	558	8,076	867	396	387	323	449
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	2,244	1,997	1,298	1,077	4,370	9,310	8,089	8,730	8,255	6,517
Total Preferred & Common Equity	2,239	1,988	1,290	1,075	4,375	9,311	8,091	8,732	8,251	6,513
Preferred Stock	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Total Common Equity	2,239	1,988	1,290	1,074	4,375	9,311	8,091	8,732	8,220	6,489
Common Stock	1,114	1,121	1,099	1,083	8,723	8,710	7,271	7,195	6,402	5,555
Retained Earnings	1,399	1,026	160	-16	-4,184	672	874	1,533	1,864	985
Treasury Stock	-325	-200	0.00	-	-76	-77	-72	-69	-66	-64
Accumulated Other Comprehensive Income / (Loss)	34	25	15	-9.10	-88	6.20	18	29	19	13
Other Equity Adjustments	16	16	16	16	0.00	-	-	45	-	-
Noncontrolling Interest	5.80	9.40	8.00	2.70	-4.30	-1.30	-2.60	-2.10	4.40	4.30

This table presents Valaris' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,387	4,333	4,416	4,354	3,485	3,088	2,951	2,821
Total Current Assets	1,158	1,112	1,225	1,198	1,728	1,447	1,396	1,343
Cash & Equivalents	441	379	398	494	1,041	787	823	406
Restricted Cash	12	13	12	15	16	18	22	18
Accounts Receivable	558	556	632	511	492	473	393	536
Prepaid Expenses	139	164	183	178	179	169	158	-
Other Current Nonoperating Assets	7.00	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	1,977	1,843	1,809	1,732	1,160	1,074	1,016	954
Plant, Property & Equipment, gross	2,382	2,185	2,121	2,014	1,388	1,276	1,196	1,087
Accumulated Depreciation	405	343	311	282	228	202	181	134
Total Noncurrent Assets	1,252	1,379	1,382	1,425	597	567	540	525
Long-Term Investments	116	103	127	127	116	114	114	103
Noncurrent Note & Lease Receivables	302	265	259	289	275	268	261	247
Noncurrent Deferred & Refundable Income Taxes	679	837	841	855	-	-	-	-
Other Noncurrent Operating Assets	155	174	155	154	205	186	165	176
Total Liabilities & Shareholders' Equity	4,387	4,333	4,416	4,354	3,485	3,088	2,951	2,821
Total Liabilities	2,175	2,210	2,228	2,324	2,285	1,822	1,599	1,601
Total Current Liabilities	695	692	708	761	723	659	592	519
Accounts Payable	329	304	347	394	376	364	324	257
Other Current Liabilities	365	389	361	367	347	295	268	263
Total Noncurrent Liabilities	1,481	1,517	1,521	1,563	1,562	1,163	1,007	1,082
Long-Term Debt	1,084	1,082	1,081	1,080	1,079	682	543	542
Noncurrent Deferred & Payable Income Tax Liabilities	29	31	31	32	-	-	-	-
Other Noncurrent Operating Liabilities	368	404	408	452	483	482	465	540
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,212	2,124	2,187	2,030	1,200	1,266	1,352	1,221
Total Preferred & Common Equity	2,207	2,115	2,177	2,021	1,184	1,254	1,342	1,214
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,207	2,115	2,177	2,021	1,184	1,254	1,342	1,214
Common Stock	1,119	1,109	1,136	1,129	1,113	1,111	1,104	1,092
Retained Earnings	1,361	1,265	1,201	1,051	190	177	207	114
Treasury Stock	-325	-300	-200	-200	-150	-65	-	-
Accumulated Other Comprehensive Income / (Loss)	35	24	24	25	14	14	15	-9.10
Other Equity Adjustments	16	16	16	16	16	16	16	16
Noncontrolling Interest	4.50	8.90	11	9.40	16	12	9.90	6.10

This table displays calculated financial ratios and metrics derived from Valaris' official financial filings.

Metric	2024	2023	2022	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	32.42%	11.34%	0.00%	-30.49%	20.39%	-7.47%	-33.62%	-31.67%	-10.98%
EBITDA Growth	221.34%	-48.36%	0.00%	-543.62%	497.51%	-58.30%	-74.60%	277.08%	54.16%
EBIT Growth	613.54%	-74.74%	0.00%	-1,540.58%	224.27%	-11,379.17%	-99.80%	195.87%	47.31%
NOPAT Growth	-36.10%	1,731.53%	0.00%	-547.13%	-183.93%	-78.71%	-111.16%	195.15%	48.21%
Net Income Growth	-57.34%	376.79%	0.00%	-2,427.37%	69.81%	-109.27%	-133.91%	156.57%	59.22%
EPS Growth	-55.52%	393.99%	0.00%	-2,042.11%	80.68%	-61.20%	-216.93%	145.49%	59.24%
Operating Cash Flow Growth	32.86%	110.63%	0.00%	9.10%	-397.13%	-121.47%	-75.92%	-36.55%	-17.49%
Free Cash Flow Firm Growth	78.98%	0.00%	0.00%	363.56%	-4,683.24%	96.31%	-278.64%	28.62%	-74.01%
Invested Capital Growth	22.32%	136.18%	0.00%	-74.15%	21.10%	-0.80%	15.27%	-1.42%	-12.87%
Revenue Q/Q Growth	4.45%	2.90%	0.00%	-13.12%	5.83%	-3.14%	-2.66%	-10.44%	-7.54%
EBITDA Q/Q Growth	26.51%	0.39%	0.00%	8.07%	264.22%	-22.54%	-39.36%	241.09%	30.58%
EBIT Q/Q Growth	35.43%	-5.66%	0.00%	-3.05%	27.52%	-0.86%	-98.80%	188.06%	29.66%
NOPAT Q/Q Growth	-65.42%	1,123.52%	0.00%	0.59%	-14.50%	37.79%	96.82%	171.18%	29.74%
Net Income Q/Q Growth	-65.36%	1,148.99%	0.00%	2.90%	-6.01%	0.62%	-437.46%	155.59%	38.15%
EPS Q/Q Growth	-64.40%	1,394.81%	0.00%	0.00%	0.00%	19.84%	-1,364.00%	141.46%	38.35%
Operating Cash Flow Q/Q Growth	8.52%	-17.82%	0.00%	-2.40%	30.95%	-31.37%	-14.16%	-24.03%	-6.70%
Free Cash Flow Firm Q/Q Growth	71.89%	0.00%	0.00%	-33.87%	2.25%	96.41%	43.37%	-43.84%	-50.86%
Invested Capital Q/Q Growth	4.52%	109.42%	0.00%	0.00%	-1.94%	-1.32%	13.26%	0.10%	-19.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	25.47%	13.49%	13.68%	100.00%	100.00%	22.63%	35.46%	53.14%	53.99%
EBITDA Margin	20.78%	8.56%	18.46%	-298.65%	46.80%	9.43%	20.92%	54.68%	-21.10%
Operating Margin	14.91%	3.00%	2.32%	-303.71%	-32.62%	-13.83%	-7.16%	33.47%	-30.60%
EBIT Margin	15.61%	2.90%	12.77%	-339.55%	16.38%	-15.87%	0.13%	43.67%	-31.13%
Profit (Net Income) Margin	15.65%	48.58%	11.34%	-340.36%	-9.36%	-37.33%	-16.51%	32.31%	-39.03%
Tax Burden Percent	99.89%	1,029.45%	80.84%	94.93%	301.25%	118.13%	155.20%	89.93%	107.80%
Interest Burden Percent	100.35%	162.86%	109.87%	105.59%	-18.97%	199.08%	-8,166.67%	82.27%	116.32%
Effective Tax Rate	0.11%	-929.45%	19.16%	0.00%	0.00%	0.00%	0.00%	10.88%	0.00%
Return on Invested Capital (ROIC)	13.67%	33.41%	3.07%	-31.86%	-3.39%	-1.32%	-0.79%	7.53%	-7.31%
ROIC Less NNEP Spread (ROIC-NNEP)	17.61%	31,637.64%	-44.77%	-99.85%	2.02%	-12.72%	-7.27%	9.43%	-23.10%
Return on Net Nonoperating Assets (RNNOA)	3.77%	19.20%	10.94%	-39.15%	1.18%	-6.25%	-2.80%	4.62%	-14.21%
Return on Equity (ROE)	17.44%	52.61%	14.01%	-71.02%	-2.21%	-7.57%	-3.58%	12.15%	-21.52%
Cash Return on Invested Capital (CROIC)	-6.41%	-47.60%	0.00%	85.96%	-22.48%	-0.52%	-14.97%	8.95%	6.44%
Operating Return on Assets (OROA)	8.44%	1.44%	7.49%	-32.52%	2.17%	-1.89%	0.02%	8.67%	-8.53%
Return on Assets (ROA)	8.46%	24.14%	6.66%	-32.60%	-1.24%	-4.44%	-2.10%	6.41%	-10.70%
Return on Common Equity (ROCE)	17.38%	52.34%	13.94%	-71.05%	-2.21%	-7.57%	-3.57%	12.09%	-21.43%
Return on Equity Simple (ROE_SIMPLE)	16.52%	43.61%	14.09%	-111.04%	-2.06%	-7.87%	-3.48%	10.87%	-24.35%
Net Operating Profit after Tax (NOPAT)	352	551	30	-3,034	-469	-165	-92	828	-870
NOPAT Margin	14.90%	30.87%	1.88%	-212.59%	-22.84%	-9.68%	-5.01%	29.83%	-21.42%
Net Nonoperating Expense Percent (NNEP)	-3.94%	-31,604.23%	47.83%	67.98%	-5.41%	11.40%	6.48%	-1.90%	15.78%
Return On Investment Capital (ROIC_SIMPLE)	10.58%	17.90%	1.63%	-	-	-	-	-	-
Cost of Revenue to Revenue	74.53%	86.52%	86.32%	0.00%	0.00%	77.37%	64.54%	46.86%	46.01%
SG&A Expenses to Revenue	4.92%	5.57%	5.05%	15.04%	9.20%	6.02%	8.56%	3.63%	2.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.56%	10.49%	11.36%	403.71%	132.62%	36.47%	42.62%	19.67%	84.59%
Earnings before Interest and Taxes (EBIT)	369	52	205	-4,846	336	-271	2.40	1,213	-1,265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	491	153	296	-4,262	961	161	386	1,518	-857
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.41	2.51	3.94	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	1.41	2.51	3.94	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.33	2.80	3.17	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	8.43	5.78	28.80	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.87%	17.31%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.32	2.30	4.87	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.58	2.99	2.98	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	7.62	34.86	16.14	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	10.14	103.04	23.32	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	10.63	9.67	158.77	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.53	19.91	37.59	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.54	0.42	0.00	0.65	0.62	0.54	0.64	0.90
Long-Term Debt to Equity	0.48	0.54	0.42	0.00	0.64	0.62	0.54	0.60	0.90
Financial Leverage	0.21	0.00	-0.24	0.39	0.59	0.49	0.38	0.49	0.62
Leverage Ratio	2.06	2.18	2.30	2.18	1.78	1.70	1.71	1.89	2.01
Compound Leverage Factor	2.07	3.55	2.53	2.30	-0.34	3.39	-139.44	1.56	2.34
Debt to Total Capital	32.54%	35.08%	29.47%	0.00%	39.38%	38.25%	35.24%	38.99%	47.38%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.81%	0.00%	0.00%	2.45%	0.00%
Long-Term Debt to Total Capital	32.54%	35.08%	29.47%	0.00%	38.57%	38.25%	35.24%	36.53%	47.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.17%	0.31%	0.43%	-0.10%	-0.01%	-0.02%	-0.02%	0.03%	0.03%
Common Equity to Total Capital	67.28%	64.61%	70.09%	100.10%	60.63%	61.77%	64.77%	60.75%	52.39%
Debt to EBITDA	2.21	7.06	1.83	0.00	6.30	31.16	12.32	3.47	-6.85
Net Debt to EBITDA	1.20	2.09	-1.07	0.00	6.06	27.40	10.02	1.76	-5.33
Long-Term Debt to EBITDA	2.21	7.06	1.83	0.00	6.17	31.16	12.32	3.26	-6.85
Debt to NOPAT	3.08	1.96	18.04	0.00	-12.90	-30.34	-51.41	6.37	-6.74
Net Debt to NOPAT	1.67	0.58	-10.55	0.00	-12.42	-26.68	-41.83	3.23	-5.25
Long-Term Debt to NOPAT	3.08	1.96	18.04	0.00	-12.63	-30.34	-51.41	5.97	-6.74
Altman Z-Score	2.23	2.22	3.18	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.36%	0.53%	0.48%	-0.04%	-0.02%	-0.03%	0.20%	0.43%	0.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.71	2.67	2.75	1.28	2.48	2.13	3.84	2.95
Quick Ratio	1.38	1.45	2.33	1.82	0.74	1.80	1.62	3.47	2.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-165	-785	0.00	8,186	-3,106	-65	-1,761	986	766
Operating Cash Flow to CapEx	78.58%	40.18%	223.99%	-599.29%	-132.30%	-13.40%	48.59%	344.88%	104.94%
Free Cash Flow to Firm to Interest Expense	-1.95	-11.39	0.00	28.17	-7.25	-0.23	-7.85	4.31	3.54
Operating Cash Flow to Interest Expense	4.19	3.88	2.80	-0.87	-0.65	-0.20	1.16	4.71	7.85
Operating Cash Flow Less CapEx to Interest Expense	-1.14	-5.78	1.55	-1.01	-1.14	-1.67	-1.22	3.34	0.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.50	0.59	0.10	0.13	0.12	0.13	0.20	0.27
Accounts Receivable Turnover	4.59	3.93	3.59	2.94	4.75	4.94	5.22	5.89	5.55
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.32	1.37	1.72	0.11	0.15	0.13	0.15	0.25	0.34
Accounts Payable Turnover	4.83	4.70	5.74	0.00	0.00	4.10	4.11	7.02	6.25
Days Sales Outstanding (DSO)	79.60	92.92	101.73	124.02	76.92	73.85	69.95	61.99	65.81
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	75.51	77.63	63.63	0.00	0.00	88.95	88.76	51.97	58.35
Cash Conversion Cycle (CCC)	4.09	15.29	38.10	124.02	76.92	-15.10	-18.81	10.01	7.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	2,833	2,316	981	3,912	15,132	12,495	12,595	10,927	11,085
Invested Capital Turnover	0.92	1.08	1.63	0.15	0.15	0.14	0.16	0.25	0.34
Increase / (Decrease) in Invested Capital	517	1,336	0.00	-11,220	2,637	-100	1,668	-157	-1,637
Enterprise Value (EV)	3,741	5,327	4,774	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	3,146	4,998	5,084	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$31.48	$27.27	$17.16	$21.93	$47.05	$18.51	$20.03	$27.12	$27.55
Tangible Book Value per Share	$31.48	$27.27	$17.16	$21.93	$47.05	$18.51	$20.03	$27.12	$27.55
Total Capital	3,327	3,076	1,840	4,370	15,358	13,099	13,481	13,530	12,386
Total Debt	1,083	1,079	542	0.00	6,048	5,010	4,751	5,275	5,869
Total Long-Term Debt	1,083	1,079	542	0.00	5,924	5,010	4,751	4,943	5,869
Net Debt	589	319	-317	-458	5,822	4,406	3,865	2,672	4,567
Capital Expenditures (CapEx)	452	666	57	42	209	416	534	312	1,618
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	-108	93	409	261	177	-32	155	208
Debt-free Net Working Capital (DFNWC)	399	528	842	746	359	781	854	2,757	1,510
Net Working Capital (NWC)	399	528	842	746	234	781	854	2,425	1,510
Net Nonoperating Expense (NNE)	-18	-316	-152	1,823	-277	471	212	-69	715
Net Nonoperating Obligations (NNO)	589	319	-317	-458	5,822	4,406	3,865	2,672	4,567
Total Depreciation and Amortization (D&A)	122	101	91	584	624	432	383	306	408
Debt-free, Cash-free Net Working Capital to Revenue	0.79%	-6.04%	5.82%	28.65%	12.73%	10.38%	-1.73%	5.56%	5.13%
Debt-free Net Working Capital to Revenue	16.90%	29.59%	52.53%	52.28%	17.46%	45.81%	46.31%	99.29%	37.15%
Net Working Capital to Revenue	16.90%	29.59%	52.53%	52.28%	11.38%	45.81%	46.31%	87.34%	37.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.18	$11.68	$2.35	($24.42)	($1.14)	($1.47)	($0.91)	$3.13	($6.88)
Adjusted Weighted Average Basic Shares Outstanding	72.10M	74.10M	75.10M	399.23M	197.28M	437.07M	436.01M	302.95M	232.20M
Adjusted Diluted Earnings per Share	$5.12	$11.51	$2.33	($24.42)	($1.14)	($1.47)	($0.91)	$3.13	($6.88)
Adjusted Weighted Average Diluted Shares Outstanding	72.90M	75.20M	75.60M	399.23M	197.28M	437.07M	436.01M	302.95M	232.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($24.42)	($1.14)	($1.47)	($0.91)	$3.13	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.03M	72.41M	75.18M	198.90M	173.40M	434.10M	332.50M	279.10M	235.27M
Normalized Net Operating Profit after Tax (NOPAT)	352	37	58	-482	-396	-137	36	828	1,052
Normalized NOPAT Margin	14.90%	2.10%	3.62%	-33.76%	-19.29%	-8.03%	1.93%	29.83%	25.89%
Pre Tax Income Margin	15.67%	4.72%	14.03%	-358.53%	-3.11%	-31.60%	-10.63%	35.93%	-36.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.35	0.75	4.52	-16.68	0.79	-0.96	0.01	5.30	-5.85
NOPAT to Interest Expense	4.15	7.99	0.66	-10.44	-1.09	-0.58	-0.41	3.62	-4.02
EBIT Less CapEx to Interest Expense	-0.98	-8.91	3.27	-16.82	0.30	-2.43	-2.37	3.93	-13.33
NOPAT Less CapEx to Interest Expense	-1.18	-1.67	-0.59	-10.59	-1.58	-2.05	-2.79	2.25	-11.50
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	-0.15%	-2.34%	-2.81%	-4.54%	1.29%	-8.90%
Augmented Payout Ratio	34.18%	22.91%	0.00%	-0.15%	-2.34%	-2.81%	-4.54%	1.29%	-8.90%

This table displays calculated financial ratios and metrics derived from Valaris' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.23%	20.79%	41.31%	46.94%	22.06%	11.58%	4.09%	0.46%	35.08%	0.00%	33.82%
EBITDA Growth	218.74%	170.65%	167.39%	929.71%	91.05%	1.01%	-53.70%	-91.27%	305.06%	0.00%	277.36%
EBIT Growth	367.81%	294.21%	349.27%	1,150.47%	285.71%	-8.64%	-72.78%	-108.02%	122.81%	0.00%	3,485.71%
NOPAT Growth	-286.72%	-84.82%	571.93%	2,061.68%	-1.09%	2,551.02%	-80.52%	47.62%	156.32%	0.00%	115.98%
Net Income Growth	-253.73%	-84.24%	270.00%	652.38%	-47.53%	2,563.99%	-78.12%	-124.20%	222.11%	0.00%	247.16%
EPS Growth	-251.43%	-83.27%	417.65%	620.51%	-42.62%	2,826.32%	-82.65%	-126.35%	219.61%	0.00%	234.25%
Operating Cash Flow Growth	492.78%	28.85%	300.41%	139.52%	-82.66%	-37.49%	-44.15%	74.65%	18,862.50%	0.00%	0.00%
Free Cash Flow Firm Growth	81.55%	22.85%	-1,812.84%	-5,761.04%	-3,185.07%	0.00%	33.84%	0.00%	-102.16%	0.00%	89.62%
Invested Capital Growth	9.85%	22.32%	145.09%	165.46%	164.26%	136.18%	8.91%	1.96%	7.57%	0.00%	20.63%
Revenue Q/Q Growth	6.21%	-9.13%	5.41%	16.21%	8.52%	6.31%	9.61%	-3.46%	-0.81%	-0.82%	5.78%
EBITDA Q/Q Growth	20.89%	31.83%	-12.88%	129.56%	2.65%	30.24%	235.51%	-57.41%	-45.73%	-40.30%	-36.75%
EBIT Q/Q Growth	26.99%	40.39%	-18.06%	220.23%	7.01%	60.00%	291.59%	-217.58%	-74.65%	-52.32%	-43.55%
NOPAT Q/Q Growth	-128.89%	83.70%	-49.65%	598.69%	-97.65%	8,032.34%	247.01%	-135.23%	-37.06%	-40.26%	495.37%
Net Income Q/Q Growth	-130.02%	107.63%	-58.29%	491.37%	-96.92%	4,773.53%	162.27%	-156.17%	56.27%	-59.97%	-31.12%
EPS Q/Q Growth	-128.49%	111.36%	-56.65%	480.00%	-96.85%	6,441.18%	143.59%	-163.93%	60.53%	-61.22%	-33.78%
Operating Cash Flow Q/Q Growth	25.12%	-35.44%	1,578.26%	-56.27%	-72.80%	100.62%	265.64%	-119.18%	-1.94%	79.26%	175.17%
Free Cash Flow Firm Q/Q Growth	28.38%	74.54%	1.94%	-3.16%	-199.54%	-531.29%	-200.46%	42.18%	0.00%	100.00%	0.00%
Invested Capital Q/Q Growth	-4.05%	4.52%	-0.77%	10.39%	6.83%	109.42%	7.48%	9.89%	-4.52%	-3.43%	0.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.14%	28.94%	28.14%	28.09%	15.28%	16.91%	14.11%	10.04%	12.30%	18.50%	22.99%
EBITDA Margin	31.79%	27.93%	19.25%	23.29%	11.79%	12.46%	10.17%	3.32%	7.53%	13.77%	22.87%
Operating Margin	23.04%	20.40%	14.76%	17.85%	5.58%	7.92%	3.65%	-2.38%	1.98%	9.48%	14.09%
EBIT Margin	26.45%	22.13%	14.32%	18.42%	6.69%	6.78%	4.50%	-2.58%	2.12%	8.28%	17.22%
Profit (Net Income) Margin	-6.32%	22.35%	9.78%	24.72%	4.86%	171.25%	3.74%	-6.58%	11.30%	7.17%	17.77%
Tax Burden Percent	-25.41%	105.49%	72.13%	124.83%	66.41%	2,163.19%	61.37%	975.00%	231.43%	76.04%	84.92%
Interest Burden Percent	93.97%	95.75%	94.68%	107.47%	109.40%	116.77%	135.12%	26.17%	230.77%	113.93%	121.51%
Effective Tax Rate	125.41%	-5.49%	27.87%	-24.83%	33.59%	-2,063.19%	38.63%	0.00%	-131.43%	23.96%	15.08%
Return on Invested Capital (ROIC)	-5.54%	19.75%	12.62%	24.58%	4.08%	185.35%	3.66%	-2.81%	8.68%	11.78%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.15%	20.81%	10.36%	34.25%	46.34%	185.35%	-0.90%	8.25%	-1.49%	11.83%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-1.38%	4.46%	1.54%	3.05%	0.39%	0.11%	0.11%	-1.26%	0.36%	-2.89%	0.00%
Return on Equity (ROE)	-6.92%	24.20%	14.15%	27.62%	4.48%	185.46%	3.77%	-4.07%	9.03%	8.89%	0.00%
Cash Return on Invested Capital (CROIC)	1.88%	-6.41%	-30.75%	-43.95%	-54.01%	-47.60%	0.00%	0.00%	2.69%	0.00%	0.00%
Operating Return on Assets (OROA)	14.88%	11.96%	8.29%	10.18%	3.44%	3.37%	2.48%	-1.51%	1.30%	4.86%	0.00%
Return on Assets (ROA)	-3.55%	12.08%	5.66%	13.66%	2.50%	85.08%	2.05%	-3.86%	6.93%	4.21%	0.00%
Return on Common Equity (ROCE)	-6.90%	24.11%	14.05%	27.44%	4.45%	184.48%	3.73%	-4.05%	8.99%	8.84%	0.00%
Return on Equity Simple (ROE_SIMPLE)	13.82%	0.00%	50.48%	46.94%	41.75%	0.00%	5.86%	10.37%	20.13%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-36	126	68	136	19	829	10	-6.93	20	31	52
NOPAT Margin	-5.85%	21.52%	10.64%	22.28%	3.71%	171.25%	2.24%	-1.67%	4.57%	7.21%	11.96%
Net Nonoperating Expense Percent (NNEP)	0.60%	-1.07%	2.25%	-9.67%	-42.26%	0.00%	4.56%	-11.06%	10.16%	-0.05%	12.62%
Return On Investment Capital (ROIC_SIMPLE)	-1.10%	3.78%	-	-	-	26.93%	-	-	-	1.70%	-
Cost of Revenue to Revenue	66.86%	71.06%	71.86%	71.91%	84.72%	83.09%	85.89%	89.96%	87.70%	81.50%	77.01%
SG&A Expenses to Revenue	3.93%	4.57%	4.76%	5.33%	5.05%	5.02%	5.32%	6.36%	5.67%	5.51%	4.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.10%	8.54%	13.39%	10.24%	9.70%	8.99%	10.46%	12.43%	10.32%	9.02%	8.90%
Earnings before Interest and Taxes (EBIT)	164	129	92	112	35	33	21	-11	9.10	36	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	197	163	124	142	62	60	46	14	32	60	100
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.26	1.41	1.92	2.48	2.71	2.51	4.69	3.77	3.64	3.94	3.03
Price to Tangible Book Value (P/TBV)	1.26	1.41	1.92	2.48	2.71	2.51	4.69	3.77	3.64	3.94	3.03
Price to Revenue (P/Rev)	1.13	1.33	1.79	2.60	2.92	2.80	3.20	2.76	2.85	3.17	0.00
Price to Earnings (P/E)	9.00	8.43	3.77	5.27	6.50	5.78	93.39	39.17	18.68	28.80	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.12%	11.87%	26.50%	18.97%	15.39%	17.31%	1.07%	2.55%	5.35%	3.47%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.32	1.72	2.18	2.40	2.30	4.95	4.38	4.79	4.87	3.43
Enterprise Value to Revenue (EV/Rev)	1.35	1.58	2.06	2.87	3.16	2.99	3.15	2.63	2.62	2.98	0.00
Enterprise Value to EBITDA (EV/EBITDA)	5.28	7.62	11.99	19.15	32.58	34.86	35.94	22.11	12.98	16.14	0.00
Enterprise Value to EBIT (EV/EBIT)	6.64	10.14	17.08	29.63	76.44	103.04	99.81	41.11	17.68	23.32	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.31	10.63	4.57	6.79	9.63	9.67	121.51	51.49	49.73	158.77	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.82	10.53	14.20	32.56	41.80	19.91	16.80	12.39	16.14	37.59	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	67.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	184.65	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.48	0.51	0.49	0.53	0.54	0.90	0.54	0.40	0.42	0.44
Long-Term Debt to Equity	0.49	0.48	0.51	0.49	0.53	0.54	0.90	0.54	0.40	0.42	0.44
Financial Leverage	0.22	0.21	0.15	0.09	0.01	0.00	-0.12	-0.15	-0.24	-0.24	-0.18
Leverage Ratio	2.06	2.06	2.35	2.17	2.16	2.18	2.61	2.43	2.35	2.30	2.40
Compound Leverage Factor	1.94	1.97	2.23	2.34	2.36	2.55	3.52	0.64	5.43	2.62	2.92
Debt to Total Capital	32.88%	32.54%	33.75%	33.07%	34.73%	35.08%	47.35%	35.01%	28.65%	29.47%	30.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.88%	32.54%	33.75%	33.07%	34.73%	35.08%	47.35%	35.01%	28.65%	29.47%	30.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.14%	0.17%	0.28%	0.32%	0.30%	0.31%	0.71%	0.62%	0.52%	0.43%	0.35%
Common Equity to Total Capital	66.98%	67.28%	65.98%	66.60%	64.97%	64.61%	51.94%	64.38%	70.83%	70.09%	68.86%
Debt to EBITDA	1.73	2.21	2.79	3.48	5.92	7.06	7.09	3.35	1.57	1.83	0.00
Net Debt to EBITDA	0.82	1.20	1.51	1.75	2.44	2.09	-0.62	-1.16	-1.20	-1.07	0.00
Long-Term Debt to EBITDA	1.73	2.21	2.79	3.48	5.92	7.06	7.09	3.35	1.57	1.83	0.00
Debt to NOPAT	3.70	3.08	1.06	1.23	1.75	1.96	23.98	7.79	6.02	18.04	0.00
Net Debt to NOPAT	1.76	1.67	0.58	0.62	0.72	0.58	-2.09	-2.71	-4.61	-10.55	0.00
Long-Term Debt to NOPAT	3.70	3.08	1.06	1.23	1.75	1.96	23.98	7.79	6.02	18.04	0.00
Altman Z-Score	2.01	2.05	2.22	2.53	2.33	2.21	2.40	2.49	2.85	2.99	0.00
Noncontrolling Interest Sharing Ratio	0.33%	0.36%	0.75%	0.65%	0.57%	0.53%	0.95%	0.64%	0.48%	0.48%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.67	1.59	1.61	1.73	1.57	1.71	2.39	2.20	2.36	2.67	2.59
Quick Ratio	1.44	1.38	1.35	1.46	1.32	1.45	2.12	1.91	2.05	2.33	2.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-280	-391	-1,536	-1,567	-1,519	-507	-80	-27	-46	0.00	-121
Operating Cash Flow to CapEx	189.20%	111.55%	235.65%	10.44%	17.38%	20.89%	45.56%	-40.99%	269.45%	306.94%	162.22%
Free Cash Flow to Firm to Interest Expense	-11.53	-17.70	-68.58	-69.32	-85.80	-23.36	-4.14	-1.60	-4.16	0.00	-10.38
Operating Cash Flow to Interest Expense	6.42	5.64	8.62	0.51	1.49	4.46	2.48	-1.74	13.67	14.73	7.38
Operating Cash Flow Less CapEx to Interest Expense	3.02	0.58	4.96	-4.37	-7.06	-16.88	-2.97	-5.99	8.59	9.93	2.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.54	0.58	0.55	0.51	0.50	0.55	0.59	0.61	0.59	0.00
Accounts Receivable Turnover	4.60	4.59	4.32	3.75	4.16	3.93	3.37	3.37	4.12	3.59	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.33	1.32	1.51	1.44	1.37	1.37	1.64	1.71	1.76	1.72	0.00
Accounts Payable Turnover	4.79	4.83	5.14	4.71	4.49	4.70	4.72	4.43	4.50	5.74	0.00
Days Sales Outstanding (DSO)	79.33	79.60	84.57	97.24	87.83	92.92	108.18	108.26	88.65	101.73	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	76.27	75.51	71.02	77.42	81.36	77.63	77.27	82.48	81.13	63.63	0.00
Cash Conversion Cycle (CCC)	3.06	4.09	13.55	19.82	6.46	15.29	30.91	25.78	7.52	38.10	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,718	2,833	2,711	2,732	2,475	2,316	1,106	1,029	936	981	1,016
Invested Capital Turnover	0.95	0.92	1.19	1.10	1.10	1.08	1.63	1.68	1.90	1.63	0.00
Increase / (Decrease) in Invested Capital	244	517	1,605	1,703	1,538	1,336	91	20	66	0.00	174
Enterprise Value (EV)	3,307	3,741	4,652	5,949	5,940	5,327	5,470	4,506	4,486	4,774	3,480
Market Capitalization	2,789	3,146	4,056	5,395	5,486	4,998	5,548	4,731	4,891	5,084	3,679
Book Value per Share	$31.07	$31.48	$29.07	$30.06	$27.91	$27.27	$16.00	$16.68	$17.85	$17.16	$16.14
Tangible Book Value per Share	$31.07	$31.48	$29.07	$30.06	$27.91	$27.27	$16.00	$16.68	$17.85	$17.16	$16.14
Total Capital	3,295	3,327	3,206	3,268	3,110	3,076	2,279	1,948	1,895	1,840	1,762
Total Debt	1,084	1,083	1,082	1,081	1,080	1,079	1,079	682	543	542	542
Total Long-Term Debt	1,084	1,083	1,082	1,081	1,080	1,079	1,079	682	543	542	542
Net Debt	514	589	587	544	444	319	-94	-237	-416	-317	-205
Capital Expenditures (CapEx)	82	112	82	110	151	463	106	71	56	50	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.50	19	27	107	-72	-108	-52	-17	-40	93	179
Debt-free Net Working Capital (DFNWC)	463	399	419	517	437	528	1,005	789	804	842	824
Net Working Capital (NWC)	463	399	419	517	437	528	1,005	789	804	842	824
Net Nonoperating Expense (NNE)	2.87	-4.85	5.55	-15	-6.04	0.00	-6.81	20	-29	0.15	-25
Net Nonoperating Obligations (NNO)	507	589	587	544	444	319	-94	-237	-416	-317	-205
Total Depreciation and Amortization (D&A)	33	34	32	30	27	28	26	25	23	24	25
Debt-free, Cash-free Net Working Capital to Revenue	0.39%	0.79%	1.19%	5.14%	-3.84%	-6.04%	-2.99%	-0.98%	-2.35%	5.82%	0.00%
Debt-free Net Working Capital to Revenue	18.84%	16.90%	18.53%	24.93%	23.25%	29.59%	57.98%	45.95%	46.88%	52.53%	0.00%
Net Working Capital to Revenue	18.84%	16.90%	18.53%	24.93%	23.25%	29.59%	57.98%	45.95%	46.88%	52.53%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.53)	$1.87	$0.89	$2.07	$0.35	$11.27	$0.18	($0.39)	$0.62	$0.38	$0.99
Adjusted Weighted Average Basic Shares Outstanding	71M	72.10M	72.40M	72.40M	72.40M	74.10M	73.70M	74.80M	75.20M	75.10M	75.10M
Adjusted Diluted Earnings per Share	($0.53)	$1.86	$0.88	$2.03	$0.35	$11.12	$0.17	($0.39)	$0.61	$0.38	$0.98
Adjusted Weighted Average Diluted Shares Outstanding	71M	72.90M	73.20M	73.70M	73.60M	75.20M	74.80M	74.80M	76.40M	75.60M	75.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	71.07M	71.03M	71.12M	72.75M	72.41M	72.41M	72.90M	73.99M	75.18M	75.18M	75.18M
Normalized Net Operating Profit after Tax (NOPAT)	106	83	68	76	19	27	10	-6.93	5.95	31	52
Normalized NOPAT Margin	17.01%	14.28%	10.64%	12.49%	3.71%	5.54%	2.24%	-1.67%	1.38%	7.21%	11.96%
Pre Tax Income Margin	24.86%	21.18%	13.56%	19.80%	7.31%	7.92%	6.09%	-0.67%	4.88%	9.43%	20.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.76	5.85	4.11	4.97	1.98	1.51	1.06	-0.64	0.82	3.42	6.44
NOPAT to Interest Expense	-1.50	5.69	3.06	6.02	1.10	38.18	0.53	-0.42	1.77	2.98	4.47
EBIT Less CapEx to Interest Expense	3.37	0.80	0.46	0.10	-6.57	-19.82	-4.40	-4.89	-4.25	-1.38	1.89
NOPAT Less CapEx to Interest Expense	-4.89	0.64	-0.60	1.14	-7.45	16.84	-4.93	-4.67	-3.30	-1.82	-0.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	34.18%	14.29%	13.27%	0.00%	22.91%	212.39%	49.50%	0.00%	0.00%	0.00%

Frequently Asked Questions About Valaris' Financials

When does Valaris's fiscal year end?

According to the most recent income statement we have on file, Valaris' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Valaris' net income changed over the last 8 years?

Valaris' net income appears to be on a downward trend, with a most recent value of $369.80 million in 2024, falling from -$1.59 billion in 2015. The previous period was $866.80 million in 2023. View Valaris' forecast to see where analysts expect Valaris to go next.

What is Valaris's operating income?

Valaris's total operating income in 2024 was $352.30 million, based on the following breakdown:

Total Gross Profit: $601.70 million
Total Operating Expenses: $249.40 million

How has Valaris revenue changed over the last 8 years?

Over the last 8 years, Valaris' total revenue changed from $4.06 billion in 2015 to $2.36 billion in 2024, a change of -41.9%.

How much debt does Valaris have?

Valaris' total liabilities were at $2.18 billion at the end of 2024, a 6.4% decrease from 2023, and a 69.3% decrease since 2015.

How much cash does Valaris have?

In the past 9 years, Valaris' cash and equivalents has ranged from $97.20 million in 2019 to $1.16 billion in 2016, and is currently $368.20 million as of their latest financial filing in 2024.

How has Valaris' book value per share changed over the last 8 years?

Over the last 8 years, Valaris' book value per share changed from 27.55 in 2015 to 31.48 in 2024, a change of 14.2%.

Related Companies

This page (NYSE:VAL) was last updated on 5/27/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Valaris (VAL) Financials

Frequently Asked Questions About Valaris' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Valaris (VAL) Financials

Annual Income Statements for Valaris

Quarterly Income Statements for Valaris

Annual Cash Flow Statements for Valaris

Quarterly Cash Flow Statements for Valaris

Annual Balance Sheets for Valaris

Quarterly Balance Sheets for Valaris

Annual Metrics And Ratios for Valaris

Quarterly Metrics And Ratios for Valaris

Frequently Asked Questions About Valaris' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools