Filing Flows › Valaris (VAL) › Q3 2026 › vs Q3 2025
Valaris (VAL) Q3 2026 vs Q3 2025 (year over year)
Valaris's revenue fell $2.1M (-0.4%) from $596M in Q3 2025 to $594M in Q3 2026. Operating margin 13.7% against 21.9% (-8.2 pts).
Valaris, Q3 2026: revenue $594M (-0.4% year over year), operating margin 13.7%, net earnings $46.1M, operating cash flow $67.2M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.7% | 21.9% | -8.2 pts |
| Net margin | 7.8% | 31.6% | -23.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $594M | $596M | −$2.1M | -0.4% |
| Other income, net | $20.1M | $85.4M | −$65.3M | -76% |
| Operating profit | $81.3M | $130M | −$49.2M | -38% |
| Costs & expenses | $512M | $465M | $47.1M | +10% |
| Pre-tax earnings | $101M | $216M | −$114M | -53% |
| Cost of revenue | $417M | $406M | $11.7M | +3% |
| General & admin | $25.7M | $26.9M | −$1.2M | -4% |
| Other operating costs | $69.3M | $32.7M | $36.6M | +112% |
| Net earnings | $46.1M | $188M | −$142M | -75% |
| Minority interests | $600K | −$800K | $1.4M | — |
| Income tax | $54.7M | $28.6M | $26.1M | +91% |
| Share-based compensation | $10.6M | $6.8M | $3.8M | +56% |
| Working capital & other | $10.5M | $3.2M | $7.3M | +228% |
| Operating cash flow | $67.2M | $198M | −$131M | -66% |
| Capital expenditures | $122M | $69.8M | $51.8M | +74% |
| Negative free cash flow (OCF − capex) | $54.4M | −$128M | $183M | — |
Questions
How much did Valaris's revenue grow year over year in Q3 2026?
Valaris's revenue fell $2.1M (-0.4%) from $596M in Q3 2025 to $594M in Q3 2026. Operating margin 13.7% against 21.9% (-8.2 pts).