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Noble vs Valaris: revenue, profit, margins and growth compared

Noble brought in $3.3B of revenue in fiscal 2025, Valaris $2.4B in fiscal 2025. Revenue changed by +7.4% at Noble and +0.3% at Valaris on the year before, so Noble grew faster. Noble kept 6.6% of its revenue as net profit, Valaris 41.5%. Free cash flow was $432.2M at Noble and $202.7M at Valaris.

Side by side, latest fiscal year

NEVAL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$2.4B
Revenue growth+7.4%+0.3%
Net income$216.7M$982.8M
Net margin6.6%41.5%
Free cash flow$432.2M$202.7M
Free cash flow margin13.2%8.6%
Earnings per share (diluted)$1.35$13.86
Cash$471.4M$599.4M
Debt$2B$1.1B
Price to earnings31.75.8
Market value$6.8B$5.6B
Dividend yield4.67%n/a
Rank by revenue in sector#44 of 129 · Energy#52 of 129 · Energy

Over the years

Revenue
NE FY2020: $964.3MNE FY2022: $1.4BNE FY2023: $2.6BNE FY2024: $3.1BNE FY2025: $3.3BVAL FY2017: $1.8BVAL FY2018: $1.7BVAL FY2019: $2.1BVAL FY2020: $1.4BVAL FY2022: $1.6BVAL FY2023: $1.8BVAL FY2024: $2.4BVAL FY2025: $2.4BFY17FY18FY19FY20FY22FY23FY24FY25
NE $3.3BVAL $2.4B
Net income
NE FY2020: -$4BNE FY2022: $168.9MNE FY2023: $481.9MNE FY2024: $448.4MNE FY2025: $216.7MVAL FY2017: -$303.7MVAL FY2018: -$639.7MVAL FY2019: -$198MVAL FY2020: -$4.9BVAL FY2022: $176.5MVAL FY2023: $865.4MVAL FY2024: $373.4MVAL FY2025: $982.8MFY17FY18FY19FY20FY22FY23FY24FY25
NE $216.7MVAL $982.8M
Net margin
NE FY2020: -412.6%NE FY2022: 11.9%NE FY2023: 18.6%NE FY2024: 14.7%NE FY2025: 6.6%VAL FY2017: -16.5%VAL FY2018: -37.5%VAL FY2019: -9.6%VAL FY2020: -340.2%VAL FY2022: 11.0%VAL FY2023: 48.5%VAL FY2024: 15.8%VAL FY2025: 41.5%FY17FY18FY19FY20FY22FY23FY24FY25
NE 6.6%VAL 41.5%
Revenue growth
NE FY2023: +83.1%NE FY2024: +18.1%NE FY2025: +7.4%VAL FY2018: -7.5%VAL FY2019: +20.4%VAL FY2020: -30.5%VAL FY2023: +11.3%VAL FY2024: +32.4%VAL FY2025: +0.3%FY18FY19FY20FY23FY24FY25
NE +7.4%VAL +0.3%
Free cash flow
NE FY2020: $124.3MNE FY2022: $106.7MNE FY2023: $164.8MNE FY2024: $80.2MNE FY2025: $432.2MVAL FY2017: -$277.3MVAL FY2018: -$482.4MVAL FY2019: -$503.9MVAL FY2020: -$345.5MVAL FY2022: -$80MVAL FY2023: -$428.6MVAL FY2024: -$99.7MVAL FY2025: $202.7MFY17FY18FY19FY20FY22FY23FY24FY25
NE $432.2MVAL $202.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Noble and Valaris

Which is bigger by revenue, Noble or Valaris?

Noble is bigger by revenue: $3.3B in fiscal 2025, against $2.4B for Valaris in fiscal 2025.

Which keeps more of its revenue as profit, Noble or Valaris?

Noble had a net margin of 6.6% in fiscal 2025; Valaris had 41.5% in fiscal 2025.

Which grew revenue faster, Noble or Valaris?

In their latest fiscal years revenue changed by +7.4% at Noble and +0.3% at Valaris.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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