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Valaris vs Seadrill: VAL and SDRL compared
Valaris is the larger company: $594M of revenue in its latest quarter (Q3 2026) against $428M for Seadrill (Q3 2026). Seadrill is growing faster (+18% against -0.4% a year earlier). Valaris is more profitable, with an operating margin of 13.7% against 10.3%.
Where the money goes: VAL and SDRL
Valaris (VAL) · Q3 2026
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 follows the revenue to costs, profit and cash.
Seadrill (SDRL) · Q3 2026
Seadrill, Q3 2026: revenue $428M (+18% year over year), operating margin 10.3%, net loss $30.0M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Valaris (VAL) | Seadrill (SDRL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $594M | $428M |
| Revenue growth, Y/Y | -0.4% | +18% |
| Operating margin | 13.7% | 10.3% |
| Net earnings | $46.1M | −$30.0M |
| Net margin | 7.8% | -7.0% |
| Operating cash flow | $67.2M | $195M |
| Free cash flow | — | $179M |
| Market value | $5.6B | $2.7B |
| P/E | 7.1× | — |
| Analysts’ mean target | $69.71 | $54.00 |
Questions
Which is bigger, Valaris or Seadrill?
Valaris is the larger company: $594M of revenue in its latest quarter (Q3 2026) against $428M for Seadrill (Q3 2026).
Is Valaris or Seadrill growing faster?
Seadrill is growing faster (+18% against -0.4% a year earlier).
Which is more profitable, Valaris or Seadrill?
Valaris is more profitable, with an operating margin of 13.7% against 10.3%.
More: Valaris earnings · how Valaris makes money · Seadrill earnings · how Seadrill makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.