Valaris (VAL) Financials

$46.48 -0.41 (-0.86%)

Closing price 06/17/2025 03:59 PM Eastern

Extended Trading

$46.34 -0.13 (-0.28%)

As of 06/17/2025 07:30 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	2015	2016	2017	2018	2019	2020	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-1,595	890	-304	-640	-198	-4,856	177	865	373
Consolidated Net Income / (Loss)	-1,586	897	-304	-637	-192	-4,858	182	867	370
Net Income / (Loss) Continuing Operations	-1,457	889	-305	-629	-192	-4,858	182	867	370
Total Pre-Tax Income	-1,471	998	-196	-539	-64	-5,117	225	84	370
Total Operating Income	-1,244	929	-132	-236	-670	-4,335	37	54	352
Total Gross Profit	2,194	1,475	654	386	2,053	1,427	219	241	602
Total Revenue	4,063	2,776	1,843	1,705	2,053	1,427	1,603	1,784	2,363
Operating Revenue	4,063	2,776	1,843	1,705	2,053	1,427	1,603	1,784	2,363
Total Cost of Revenue	1,870	1,301	1,190	1,319	0.00	0.00	1,383	1,544	1,761
Operating Cost of Revenue	1,870	1,301	1,190	1,319	-	-	1,383	1,544	1,761
Total Operating Expenses	3,437	546	786	622	2,723	5,762	182	187	249
Selling, General & Admin Expense	118	101	158	103	189	215	81	99	116
Depreciation Expense	573	445	445	479	610	541	91	101	122
Other Operating Expenses / (Income)	-	-	-	0.00	1,820	1,360	-25	-13	11
Impairment Charge	2,746	0.00	183	40	104	3,646	35	0.00	0.00
Total Other Income / (Expense), net	-228	68	-64	-303	606	-783	188	31	18
Interest Expense	216	229	224	283	428	291	45	69	85
Interest & Investment Income	9.90	14	26	15	28	20	66	101	86
Other Income / (Expense), net	-21	283	134	-35	1,006	-512	168	-1.80	17
Income Tax Expense	-14	109	109	90	128	-259	43	-783	0.40
Net Income / (Loss) Attributable to Noncontrolling Interest	8.90	6.90	-0.50	3.10	5.80	-2.10	5.30	1.40	-3.60
Basic Earnings per Share	($6.88)	$3.13	($3.66)	($5.90)	($1.14)	($24.42)	$2.35	$11.68	$5.18
Weighted Average Basic Shares Outstanding	232.20M	279.10M	83.10M	108.50M	173.40M	198.90M	75.10M	74.10M	72.10M
Diluted Earnings per Share	($6.88)	$3.13	($3.66)	($5.90)	($1.14)	($24.42)	$2.33	$11.51	$5.12
Weighted Average Diluted Shares Outstanding	232.20M	279.10M	83.10M	108.50M	173.40M	198.90M	75.60M	75.20M	72.90M
Weighted Average Basic & Diluted Shares Outstanding	232.20M	279.10M	83.10M	108.50M	173.40M	198.90M	75.18M	72.41M	71.03M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Valaris' Financials

When does Valaris' financial year end?

According to the most recent income statement we have on file, Valaris' fiscal year ends in December. Their fiscal 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. Find out what analysts predict for Valaris in the coming months.

What is Valaris' operating income?

Valaris' 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%.

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This page (NYSE:VAL) was last updated on 6/18/2025 by MarketBeat.com Staff

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Valaris (VAL) Financials

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Valaris (VAL) Financials

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