Precision Drilling vs Valaris
Valaris is the larger business, with $2.37bn of revenue in fiscal 2025 against $1.32bn for Precision Drilling (1.8 times as much). Valaris grew faster (0.3% against -5.0%). Valaris kept more of each dollar of sales as profit: a net margin of 41.5% against 0.1%. Valaris carries less debt relative to equity (34.3% against 43.4%).
| Latest fiscal year | Precision DrillingPDS, 2025 | ValarisVAL, 2025 |
|---|---|---|
| Revenue | $1.32bn | $2.37bn |
| Revenue growth | -5.0% | 0.3% |
| Net income | $1.3m | $983m |
| Operating margin | — | 20.1% |
| Net margin | 0.1% | 41.5% |
| Return on equity | 0.1% | 36.3% |
| Free cash flow | $107m | $203m |
| Cash | $62.6m | $599m |
| Total debt | $501m | $1.09bn |
| Debt to equity | 43.4% | 34.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $100m |
| Employees | — | — |
| Market value | $1.24bn | $6.31bn |
| Price vs our value range | Below our value range | — |
| Moat score | — | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |