VAL (Valaris Limited) Stock Financials & Earnings | Market Cap Arena

VAL (Valaris Limited) Stock Financials & Earnings | Market Cap Arena

VALValaris Limited

Mkt Cap$6B

Energy·Oil & Gas Equipment & Services·🇧🇲 Bermuda·NYSE

Revenue (TTM)$2.4B

Net Income (TTM)$983M

EPS (TTM)$13.99

Free Cash Flow (TTM)$198M

Gross Margin29.5%

Op. Margin20.7%

Net Margin41.5%

FCF Margin8.4%

P/S Ratio (TTM)2.7x

P/E Ratio (TTM)6.5x

YoY Rev Growth+0.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$430M	$53M	$9M
Q2 23	$415M	$42M	-$10M
Q3 23	$455M	$64M	$17M
Q4 23	$484M	$82M	$38M
Q1 24	$525M	$80M	$29M
Q2 24	$610M	$171M	$109M
Q3 24	$643M	$181M	$95M
Q4 24	$584M	$169M	$119M
Q1 25	$621M	$206M	$143M
Q2 25	$615M	$220M	$164M
Q3 25	$596M	$190M	$126M
Q4 25	$537M	$83M	$56M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.7x	24.4x
Q2 23	3.7x	52.8x
Q3 23	3.7x	107.4x
Q4 23	3.6x	7.4x
Q1 24	3.4x	7.6x
Q2 24	3.1x	6.2x
Q3 24	2.8x	5.9x
Q4 24	2.7x	17.1x
Q1 25	2.6x	20.6x
Q2 25	2.6x	23.1x
Q3 25	2.6x	16.0x
Q4 25	2.7x	6.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$152M	$95M
Q2 23	-$27M	-$100M
Q3 23	$48M	-$58M
Q4 23	$93M	-$364M
Q1 24	$26M	-$125M
Q2 24	$11M	-$98M
Q3 24	$193M	$111M
Q4 24	$125M	$13M
Q1 25	$156M	$56M
Q2 25	$120M	$53M
Q3 25	$198M	$128M
Q4 25	$65M	-$39M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$56M
Q2 23	$73M
Q3 23	$106M
Q4 23	$457M
Q1 24	$151M
Q2 24	$110M
Q3 24	$82M
Q4 24	$112M
Q1 25	$100M
Q2 25	$67M
Q3 25	$70M
Q4 25	$103M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+35.1%	+14.5%
Q2 23	+0.5%	-0.9%
Q3 23	+4.1%	+16.7%
Q4 23	+11.6%	+13.5%
Q1 24	+22.1%	+17.6%
Q2 24	+46.9%	+17.9%
Q3 24	+41.3%	+25.0%
Q4 24	+20.8%	+4.4%
Q1 25	+18.2%	-3.6%
Q2 25	+0.8%	-10.0%
Q3 25	-7.4%	-14.3%
Q4 25	-8.0%	+3.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$6M	1.3%
Q2 23	$0	0.0%
Q3 23	$7M	1.5%
Q4 23	$0	0.0%
Q1 24	$8M	1.5%
Q2 24	$0	0.0%
Q3 24	$7M	1.1%
Q4 24	$5M	0.9%
Q1 25	$6M	0.9%
Q2 25	$6M	1.0%
Q3 25	$7M	1.1%
Q4 25	$7M	1.3%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$24M	—
Q2 23	$26M	—
Q3 23	$24M	—
Q4 23	$24M	—
Q1 24	$27M	—
Q2 24	$33M	—
Q3 24	$31M	—
Q4 24	$27M	—
Q1 25	$24M	$200K
Q2 25	$19M	$300K
Q3 25	$27M	—
Q4 25	$27M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$823M	$0	$823M
Q2 23	$805M	$0	$805M
Q3 23	$1.1B	$0	$1.1B
Q4 23	$621M	$0	$621M
Q1 24	$494M	$0	$494M
Q2 24	$398M	$0	$398M
Q3 24	$379M	$0	$379M
Q4 24	$368M	$0	$368M
Q1 25	$441M	$0	$441M
Q2 25	$503M	$0	$503M
Q3 25	$663M	$0	$663M
Q4 25	$606M	$0	$606M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	76M	+0.5%
Q2 23	75M	-2.1%
Q3 23	75M	+0.0%
Q4 23	74M	-1.2%
Q1 24	74M	-0.4%
Q2 24	74M	+0.1%
Q3 24	73M	-0.7%
Q4 24	71M	-2.7%
Q1 25	71M	-0.3%
Q2 25	71M	+0.4%
Q3 25	71M	-0.4%
Q4 25	70M	-1.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$537K	9K
FY 15	$635K	6K
FY 16	$567K	5K
FY 17	$341K	5K
FY 18	$388K	4K
FY 19	$354K	6K
FY 20	$317K	5K
FY 21	$252K	5K
FY 22	$294K	5K
FY 23	$298K	6K
FY 24	$419K	6K
FY 25	$467K	5K