Valaris Limited (VAL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 465.4M | 537.4M | 595.7M | 615.2M | 620.7M | 584.4M | 643.1M | 610.1M | 525M | 483.8M | 455.1M | 415.2M | 430.1M | 433.6M | 437.2M | 413.3M | 318.4M | 305.5M | 326.7M | 293.1M |
| Revenue Growth % | -25.02% | -8.04% | -7.37% | 0.84% | 18.23% | 20.79% | 41.31% | 46.94% | 22.06% | 11.58% | 4.09% | 0.46% | 35.08% | 41.93% | 33.82% | 41.01% | 3.68% | 3.04% | 14.51% | -24.61% |
| Cost of Goods Sold | 0 | 454M | 405.6M | 395.7M | 415M | 415.3M | 462.1M | 438.7M | 444.8M | 402M | 390.9M | 373.5M | 377.2M | 353.4M | 336.7M | 361.8M | 331.3M | 280.9M | 274.6M | 258.8M |
| COGS % of Revenue | - | 84.48% | 68.09% | 64.32% | 66.86% | 71.06% | 71.86% | 71.91% | 84.72% | 83.09% | 85.89% | 89.96% | 87.7% | 81.5% | 77.01% | 87.54% | 104.05% | 91.95% | 84.05% | 88.3% |
| Gross Profit | 0 | 83.4M | 190.1M | 219.5M | 205.7M | 169.1M | 181M | 171.4M | 80.2M | 81.8M | 64.2M | 41.7M | 52.9M | 80.2M | 100.5M | 51.5M | -12.9M | 24.6M | 52.1M | 34.3M |
| Gross Margin % | - | 15.52% | 31.91% | 35.68% | 33.14% | 28.94% | 28.14% | 28.09% | 15.28% | 16.91% | 14.11% | 10.04% | 12.3% | 18.5% | 22.99% | 12.46% | -4.05% | 8.05% | 15.95% | 11.7% |
| Gross Profit Growth % | -100% | -50.68% | 5.03% | 28.06% | 156.48% | 106.72% | 181.93% | 311.03% | 51.61% | 1.99% | -36.12% | -19.03% | 510.08% | 226.02% | 92.9% | 50.15% | -124.11% | 223% | 337.9% | 89.5% |
| Operating Expenses | 452.2M | 27M | 64M | 55.4M | 62.7M | 49.9M | 86.1M | 62.5M | 50.9M | 43.5M | 47.6M | 51.6M | 44.4M | 39.1M | 38.9M | 67.1M | 37M | 922M | 49M | 67.2M |
| OpEx % of Revenue | 97.16% | 5.02% | 10.74% | 9.01% | 10.1% | 8.54% | 13.39% | 10.24% | 9.7% | 8.99% | 10.46% | 12.43% | 10.32% | 9.02% | 8.9% | 16.24% | 11.62% | 301.8% | 15% | 22.93% |
| Selling, General & Admin | 25.3M | 27M | 26.9M | 19.1M | 24.6M | 26.3M | 30M | 31.8M | 25.8M | 23.7M | 24.1M | 26.3M | 24.3M | 19.6M | 15.2M | 14.9M | 14.8M | 15.7M | 23.5M | 15.3M |
| SG&A % of Revenue | 5.44% | 5.02% | 4.52% | 3.1% | 3.96% | 4.5% | 4.66% | 5.21% | 4.91% | 4.9% | 5.3% | 6.33% | 5.65% | 4.52% | 3.48% | 3.61% | 4.65% | 5.14% | 7.19% | 5.22% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -2.8M | 56.4M | 126.1M | 164.1M | 143M | 119.2M | 94.9M | 108.9M | 29.3M | 38.3M | 16.6M | -9.9M | 8.5M | 41.1M | 61.6M | -15.6M | -49.9M | -897.4M | 3.1M | -32.9M |
| Operating Margin % | -0.6% | 10.5% | 21.17% | 26.67% | 23.04% | 20.4% | 14.76% | 17.85% | 5.58% | 7.92% | 3.65% | -2.38% | 1.98% | 9.48% | 14.09% | -3.77% | -15.67% | -293.75% | 0.95% | -11.22% |
| Operating Income Growth % | -101.96% | -52.68% | 32.88% | 50.69% | 388.05% | 211.23% | 471.69% | 1200% | 244.71% | -6.81% | -73.05% | 36.54% | 117.03% | 104.58% | 1887.1% | 52.58% | 94.11% | -430.69% | 103.28% | 96.77% |
| EBITDA | -2.8M | 97M | 163.2M | 199.6M | 176.1M | 153.1M | 126.6M | 138.6M | 56.1M | 65.8M | 42.4M | 14.6M | 31.8M | 58.8M | 86.3M | 9.1M | -25.8M | -872.8M | 30.6M | 20.7M |
| EBITDA Margin % | -0.6% | 18.05% | 27.4% | 32.44% | 28.37% | 26.2% | 19.69% | 22.72% | 10.69% | 13.6% | 9.32% | 3.52% | 7.39% | 13.56% | 19.74% | 2.2% | -8.1% | -285.7% | 9.37% | 7.06% |
| EBITDA Growth % | -101.59% | -36.64% | 28.91% | 44.01% | 213.9% | 132.67% | 198.58% | 849.32% | 76.42% | 11.9% | -50.87% | 60.44% | 223.26% | 106.74% | 182.03% | -56.04% | 96.47% | -1489.8% | 1.32% | 102.36% |
| D&A (Non-Cash Add-back) | 0 | 40.6M | 37.1M | 35.5M | 33.1M | 33.9M | 31.7M | 29.7M | 26.8M | 27.5M | 25.8M | 24.5M | 23.3M | 17.7M | 24.7M | 24.7M | 24.1M | 24.6M | 27.5M | 53.6M |
| EBIT | 0 | 61.2M | 240.8M | 164.9M | 148M | 108.9M | 119.3M | 109.9M | 27.6M | 30.6M | 14.3M | -9.1M | 5.3M | 36.8M | 62.7M | 14.3M | -50.2M | -16.2M | 4.2M | -35.1M |
| Net Interest Income | 0 | -6.1M | -2.3M | -9.7M | -9.9M | -5.5M | -4.9M | 8.4M | 3.3M | 5.5M | 7.2M | 7.9M | 11.9M | 5M | 16.2M | -400K | -600K | -700K | -1.6M | -3.3M |
| Interest Income | 17M | 18.7M | 22.6M | 15.1M | 14.4M | 16.6M | 17.5M | 31M | 21M | 27.2M | 26.6M | 24.6M | 23M | 15.5M | 27.9M | 11.2M | 10.9M | 11M | 9.7M | 5.7M |
| Interest Expense | -24.3M | 24.8M | 24.9M | 24.8M | 24.3M | 22.1M | 22.4M | 22.6M | 17.7M | 21.7M | 19.4M | 16.7M | 11.1M | 10.5M | 11.7M | 11.6M | 11.5M | 11.7M | 11.3M | 9M |
| Other Income/Expense | 13.2M | -20M | 89.8M | -18.4M | 11.3M | 4.6M | -7.7M | 11.9M | 9.1M | 0 | 11.1M | 7.1M | 12.5M | -200K | 29.9M | 148.6M | 9.4M | 898.7M | -2.6M | -3.53B |
| Pretax Income | 10.4M | 36.4M | 215.9M | 145.7M | 154.3M | 123.8M | 87.2M | 120.8M | 38.4M | 38.3M | 27.7M | -2.8M | 21M | 40.9M | 91.5M | 133M | -40.5M | 1.3M | 500K | -3.56B |
| Pretax Margin % | 2.23% | 6.77% | 36.24% | 23.68% | 24.86% | 21.18% | 13.56% | 19.8% | 7.31% | 7.92% | 6.09% | -0.67% | 4.88% | 9.43% | 20.93% | 32.18% | -12.72% | 0.43% | 0.15% | -1214.84% |
| Income Tax | 28.4M | -680.4M | 28.6M | 31.5M | 193.5M | -6.8M | 24.3M | -30M | 12.9M | -790.2M | 10.7M | 24.5M | -27.6M | 9.8M | 13.8M | 20.2M | -700K | -32M | 53.3M | -400K |
| Effective Tax Rate % | 273.08% | -1869.23% | 13.25% | 21.62% | 125.41% | -5.49% | 27.87% | -24.83% | 33.59% | -2063.19% | 38.63% | -875% | -131.43% | 23.96% | 15.08% | 15.19% | 1.73% | -2461.54% | 10660% | 0.01% |
| Net Income | -16.4M | 717.5M | 188.1M | 115.1M | -37.9M | 133.7M | 64.6M | 149.6M | 25.5M | 835.2M | 12.9M | -29.4M | 46.7M | 29.2M | 74.3M | 111.6M | -38.6M | 33.3M | -54.5M | -3.56B |
| Net Margin % | -3.52% | 133.51% | 31.58% | 18.71% | -6.11% | 22.88% | 10.05% | 24.52% | 4.86% | 172.63% | 2.83% | -7.08% | 10.86% | 6.73% | 16.99% | 27% | -12.12% | 10.9% | -16.68% | -1215.69% |
| Net Income Growth % | 56.73% | 436.65% | 191.18% | -23.06% | -248.63% | -83.99% | 400.78% | 608.84% | -45.4% | 2760.27% | -82.64% | -126.34% | 220.98% | -12.31% | 236.33% | 103.13% | 95.76% | 146.97% | 91.88% | -221.76% |
| Net Income (Continuing) | -16.4M | 716.8M | 187.3M | 114.2M | -39.2M | 130.6M | 62.9M | 150.8M | 25.5M | 828.5M | 17M | -27.3M | 48.6M | 31.1M | 77.7M | 112.8M | -39.8M | 33.3M | -52.8M | -3.56B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 500K | 2.1M | 2.8M | 3.6M | 4.5M | 5.8M | 8.9M | 10.6M | 9.4M | 9.4M | 16.1M | 12M | 9.9M | 8M | 6.1M | 2.7M | 1.5M | 2.7M | 2.7M | 1M |
| EPS (Diluted) | -0.24 | 10.26 | 2.65 | 1.61 | -0.53 | 1.88 | 0.88 | 2.03 | 0.35 | 11.30 | 0.17 | -0.39 | 0.61 | 0.38 | 0.98 | 1.48 | -0.53 | 0.37 | -0.73 | -47.51 |
| EPS Growth % | 54.72% | 445.74% | 201.14% | -20.69% | -251.43% | -83.36% | 417.65% | 620.51% | -42.62% | 2873.68% | -82.65% | -126.35% | 215.09% | 2.7% | 234.25% | 103.12% | 95.63% | 138.95% | 91.84% | -221.67% |
| EPS (Basic) | -0.24 | 10.32 | 2.66 | 1.62 | -0.53 | 1.88 | 0.89 | 2.07 | 0.35 | 11.47 | 0.18 | -0.39 | 0.62 | 0.39 | 0.99 | 1.49 | -0.53 | 0.37 | -0.73 | -47.51 |
| Diluted Shares Outstanding | 69.2M | 69.9M | 71M | 71.3M | 71M | 71.2M | 73.2M | 73.7M | 73.6M | 73.9M | 74.8M | 74.8M | 76.4M | 76M | 75.6M | 75.6M | 75M | 75M | 75M | 75M |
| Basic Shares Outstanding | 69.2M | 69.5M | 70.7M | 71.1M | 71M | 71.1M | 72.4M | 72.4M | 72.4M | 72.8M | 73.7M | 74.8M | 75.2M | 75.2M | 75.1M | 75M | 75M | 75M | 74.66M | 75M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |