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Valaris Ltd income statement

In fiscal 2025, Valaris Ltd reported revenue of $2.37bn, up 0.3% on the year before, operating income of $477m (a 20.1% margin) and net income of $983m, or $13.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue2,7761,8431,7052,0531,4271,6031,7842,3632,3692,136
Cost of revenue—1,1901,3191,806—1,3831,5441,7611,6301,620
Gross profit—654386247—219241602739516
General and administrative101158103189215819911697105
Operating income929−132−236−670−4,3353754352477192
Interest expense229224283428291—————
Income before tax998−196−539−64−5,11722584370552229
Income tax10910990128−25943−7830−427−564
Net income890−304−640−198−4,856177865373983798
Diluted EPS$3.13−$3.66−$5.90−$1.14−$24.42$2.33$11.51$5.12$13.86$11.39
Diluted shares (average)279m83m109m173m199m76m75m73m71m70m
EBITDA——243−60−3,794128155474623—

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Valaris Ltd's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Valaris Ltd.