Financial Snapshot

Revenue
$2.262B
TTM
Gross Margin
23.84%
TTM
Net Earnings
$1.075B
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
160.55%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.124B
Q3 2024
Cash
Q3 2024
P/E
2.981
Nov 29, 2024 EST
Free Cash Flow
-$478.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $1.784B $1.603B $1.232B $1.427B $2.053B $1.705B $1.843B $2.776B
YoY Change 11.34% 30.03% -13.65% -30.49% 20.39% -7.47% -33.62%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $1.784B $1.603B $1.232B $1.427B $2.053B $1.705B $1.843B $2.776B
Cost Of Revenue $1.544B $1.383B $1.806B $1.319B $1.190B
Gross Profit $240.6M $219.3M $247.2M $386.0M $653.5M
Gross Profit Margin 13.49% 13.68% 12.04% 22.63% 35.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $99.30M $80.90M $88.90M $214.6M $188.9M $102.7M $157.8M $100.8M
YoY Change 22.74% -9.0% -58.57% 13.61% 83.93% -34.92% 56.55%
% of Gross Profit 41.27% 36.89% 76.42% 26.61% 24.15%
Research & Development $1.544B $1.383B $1.073B $1.459B $1.806B $1.319B $1.190B $1.301B
YoY Change 11.6% 28.97% -26.47% -19.24% 36.88% 10.92% -8.57%
% of Gross Profit 641.56% 630.73% 730.58% 341.81% 182.02%
Depreciation & Amortization $101.1M $91.20M $225.7M $540.8M $609.7M $478.9M $444.8M $445.3M
YoY Change 10.86% -59.59% -58.27% -11.3% 27.31% 7.67% -0.11%
% of Gross Profit 42.02% 41.59% 246.64% 124.07% 68.06%
Operating Expenses $1.744B $1.383B $1.387B $1.470B $1.808B $1.319B $1.190B $1.847B
YoY Change 26.08% -0.28% -5.67% -18.66% 37.02% 10.92% -35.6%
Operating Profit $53.50M $37.20M -$4.335B -$669.8M -$235.9M -$132.0M $929.3M -$1.244B -$2.401B $1.733B $1.403B $796.9M $635.9M
YoY Change 43.82% 547.13% 183.93% 78.71% -114.2% -174.73% -48.21% -238.52% 23.52% 76.09% 25.32%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $45.80M $44.70M $7.900M $290.6M $428.3M $282.7M $224.2M $228.8M $216.3M $161.4M $158.8M $123.6M $95.90M $0.00
YoY Change 2.46% 465.82% -97.28% -32.15% 51.5% 26.09% -2.01% 5.78% 34.01% 1.64% 28.48% 28.88%
% of Operating Profit 85.61% 120.16% 24.62% 9.16% 8.81% 12.03% 0.0%
Other Income/Expense, Net $30.70M $187.7M -$3.536B -$782.5M $606.0M -$303.0M -$64.00M $68.20M -$227.7M -$147.9M -$100.1M -$98.60M -$57.90M $18.20M
YoY Change -83.64% -105.31% 351.9% -229.13% -300.0% 373.44% -193.84% -129.95% 53.96% 47.75% 1.52% 70.29% -418.13%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $84.20M $224.9M -$4.439B -$5.117B -$63.80M -$115.1M $6.300M -$151.6M -$578.2M -$460.3M $173.4M $101.1M -$24.20M $90.50M
YoY Change -62.56% -105.07% -13.24% 7920.38% -44.57% -1926.98% -104.16% -73.78% 25.61% -365.46% 71.51% -517.77% -126.74%
Income Tax -$782.6M $43.10M $53.60M -$259.4M $128.4M $89.60M $109.2M $108.5M -$13.90M $140.5M $203.1M $228.6M $111.6M $97.20M
% Of Pretax Income -929.45% 19.16% 1733.33% 117.13% 226.11% 107.4%
Net Earnings $865.4M $176.5M -$4.500B -$4.856B -$198.0M -$639.7M -$303.7M $890.2M -$1.595B -$3.903B $1.418B $1.170B $600.4M $579.5M
YoY Change 390.31% -103.92% -7.32% 2352.27% -69.05% 110.64% -134.12% -155.82% -59.13% -375.18% 21.24% 94.82% 3.61%
Net Earnings / Revenue 48.5% 11.01% -365.14% -340.21% -9.64% -37.51% -16.48% 32.06%
Basic Earnings Per Share $11.68 $2.35 -$24.42 -$6.88 -$16.88 $6.08 $5.05 $3.09 $4.06
Diluted Earnings Per Share $11.51 $2.33 -$60.00M -$64.74M -$2.640M -$8.529M -$4.049M $11.87M -$6.88 -$16.88 $6.07 $5.04 $3.08 $4.06

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $620.5M $724.1M $608.7M $326.0M $97.00M $604.0M $885.0M $2.602B
YoY Change -14.31% 18.96% 86.72% 236.08% -83.94% -31.75% -65.99%
Cash & Equivalents $620.5M $724.1M $608.7M $326.0M $97.00M $275.0M $445.0M $1.160B
Short-Term Investments $0.00 $329.0M $440.0M $1.443B
Other Short-Term Assets $192.4M $173.0M $153.7M $118.0M $107.0M $93.00M $103.0M $91.00M
YoY Change 11.21% 12.56% 30.25% 10.28% 15.05% -9.71% 13.19%
Inventory $279.0M $340.0M $268.0M $279.0M $225.0M
Prepaid Expenses
Receivables $459.3M $449.1M $280.4M $244.0M $460.0M $298.0M $312.0M $337.0M
Other Receivables $0.00 $0.00 $163.8M $205.0M $61.00M $47.00M $33.00M $24.00M
Total Short-Term Assets $1.272B $1.346B $1.207B $1.173B $1.064B $1.310B $1.612B $3.279B
YoY Change -5.5% 11.57% 2.86% 10.24% -18.78% -18.73% -50.84%
Property, Plant & Equipment $1.634B $977.2M $911.4M $11.00B $15.16B $12.62B $12.87B $10.92B
YoY Change 67.19% 7.22% -91.71% -27.44% 20.13% -2.0% 17.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $124.4M $111.1M $86.60M $121.0M $129.0M
YoY Change 11.97% 28.29% -28.43% -6.2%
Other Assets $1.010B $171.8M $90.70M $74.00M $94.00M $98.00M $140.0M $176.0M
YoY Change 487.6% 89.42% 22.57% -21.28% -4.08% -30.0% -20.45%
Total Long-Term Assets $3.050B $1.514B $1.403B $11.70B $15.87B $12.71B $13.01B $11.10B
YoY Change 101.44% 7.95% -88.01% -26.26% 24.8% -2.31% 17.29%
Total Assets $4.322B $2.860B $2.609B $12.87B $16.93B $14.02B $14.63B $14.38B
YoY Change
Accounts Payable $400.1M $256.5M $225.8M $176.0M $288.0M $211.0M $433.0M $146.0M
YoY Change 55.98% 13.6% 28.3% -38.89% 36.49% -51.27% 196.58%
Accrued Expenses $344.2M $247.9M $104.7M $142.0M $327.0M $224.0M $253.0M $260.0M
YoY Change 38.85% 136.77% -26.27% -56.57% 45.98% -11.46% -2.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $125.0M $332.0M
YoY Change
Total Short-Term Liabilities $744.3M $504.4M $422.0M $427.0M $831.0M $529.0M $759.0M $854.0M
YoY Change 47.56% 19.53% -1.17% -48.62% 57.09% -30.3% -11.12%
Long-Term Debt $1.079B $542.4M $545.3M $0.00 $5.924B $5.010B $4.751B $4.943B
YoY Change 98.99% -0.53% -100.0% 18.24% 5.45% -3.88%
Other Long-Term Liabilities $471.7M $515.6M $581.1M $8.062B $768.0M $325.0M $368.0M $317.0M
YoY Change -8.51% -11.27% -92.79% 949.74% 136.31% -11.68% 16.09%
Total Long-Term Liabilities $1.551B $1.058B $1.126B $8.062B $6.692B $5.335B $5.119B $5.260B
YoY Change 46.6% -6.07% -86.03% 20.47% 25.44% 4.22% -2.68%
Total Liabilities $2.325B $1.562B $1.551B $8.499B $7.620B $5.932B $5.894B $6.124B
YoY Change 48.82% 0.73% -81.75% 11.54% 28.46% 0.64% -3.76%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.2039 Billion

About Valaris Ltd

Valaris Ltd. engages in the provision of offshore contract drilling services to the international oil and gas industry. The firm operates a rig fleet of ultra-deepwater drill ships, versatile semisubmersibles, and modern shallow water jackups. The firm is engaged in providing offshore contract drilling services to the international oil and gas industry with operations in the offshore market approximately six continents. The firm operates through four segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups; ARO, and Other, which consists of management services on rigs owned by third parties and the activities associated with its arrangements with ARO. The company provides drilling services across all water depths with unmatched scale, geographic presence and customer relationships. Its customers include many of the offshore exploration and production companies, including integrated energy companies, national oil companies, and independent operators.

Industry: Drilling Oil & Gas Wells Peers: NABORS INDUSTRIES LTD