Noble Corp vs Valaris
Noble Corp is the larger business, with $3.29bn of revenue in fiscal 2025 against $2.37bn for Valaris (1.4 times as much). Noble Corp grew faster (7.4% against 0.3%). Valaris kept more of each dollar of sales as profit: a net margin of 41.5% against 6.6%. Valaris carries less debt relative to equity (34.3% against 43.4%).
| Latest fiscal year | Noble CorpNE, 2025 | ValarisVAL, 2025 |
|---|---|---|
| Revenue | $3.29bn | $2.37bn |
| Revenue growth | 7.4% | 0.3% |
| Net income | $217m | $983m |
| Operating margin | 12.6% | 20.1% |
| Net margin | 6.6% | 41.5% |
| Return on equity | 4.7% | 36.3% |
| Free cash flow | $432m | $203m |
| Cash | $471m | $599m |
| Total debt | $1.98bn | $1.09bn |
| Debt to equity | 43.4% | 34.3% |
| Dividend per share | $2.00 | — |
| Dividend yield | 4.5% | — |
| Share buybacks | $20.0m | $100m |
| Employees | — | — |
| Market value | $7.08bn | $6.31bn |
| Price vs our value range | Above our value range | — |
| Moat score | 56 (Moderate) | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 22 sales | 0 buys, 0 sales |