Valaris Limited
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.37B | $2.36B | $1.78B | $1.60B | $1.43B | $2.05B | $1.71B | $1.84B |
| Cost of Revenue | $1.63B | $1.76B | $1.54B | $1.38B | — | $1.81B | $1.32B | $1.19B |
| Gross Profit | $739.3M | $601.7M | $240.6M | $219.3M | — | $247.2M | $386.0M | $653.5M |
| Gross Margin | 31.2% | 25.5% | 13.5% | 13.7% | — | 12.0% | 22.6% | 35.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $97.1M | $116.3M | $99.3M | $80.9M | $214.6M | $188.9M | $102.7M | $157.8M |
| Operating Income | $477.0M | $352.3M | $53.5M | $37.2M | $-4.33B | $-669.8M | $-235.9M | $-132.0M |
| Operating Margin | 20.1% | 14.9% | 3.0% | 2.3% | -303.7% | -32.6% | -13.8% | -7.2% |
| Interest Expense | — | — | — | — | $290.6M | $428.3M | $282.7M | $224.2M |
| Pretax Income | $552.3M | $370.2M | $84.2M | $224.9M | $-5.12B | $-63.8M | $-538.9M | $-196.0M |
| Income Tax Expense | $-426.8M | $400.0K | $-782.6M | $43.1M | $-259.4M | $128.4M | $89.6M | $109.2M |
| Net Income | $982.8M | $373.4M | $865.4M | $176.5M | $-4.86B | $-198.0M | $-639.7M | $-303.7M |
| Net Margin | 41.5% | 15.8% | 48.5% | 11.0% | -340.2% | -9.6% | -37.5% | -16.5% |
| EPS (Basic) | $13.92 | $5.18 | $11.68 | $2.35 | $-24.42 | $-1.14 | $-5.90 | $-3.66 |
| EPS (Diluted) | $13.86 | $5.12 | $11.51 | $2.33 | $-24.42 | $-1.14 | $-5.90 | $-3.66 |
| Shares Outstanding (Basic) | 70.6M | 72.1M | 74.1M | 75.1M | 198.9M | 437.1M | 436.0M | 303.0M |
| Shares Outstanding (Diluted) | 70.9M | 72.9M | 75.2M | 75.6M | 198.9M | 437.1M | 436.0M | 303.0M |
| Dividends Per Share | — | — | — | — | — | $40,000.00 | $0.16 | $0.04 |