Valaris Ltd (VAL)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 865,400 | 59,400 | 120,800 | 261,800 | 176,500 | 180,600 | 51,800 | -66,000 | -937,400 | -1,041,600 | -1,658,000 | -2,759,200 | -4,855,500 | -5,000,600 | -4,526,800 | -3,013,900 | -198,000 | -185,600 | -133,500 | -690,000 |
| Revenue (ttm) | US$ in thousands | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,153,400 | 1,142,100 | 1,133,100 | 1,091,700 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 | 2,053,200 | 1,940,100 | 1,819,700 | 1,694,300 |
| Net profit margin | 48.50% | 3.43% | 7.04% | 15.27% | 11.01% | 12.25% | 3.80% | -5.72% | -82.08% | -91.92% | -151.87% | -215.95% | -340.21% | -304.39% | -237.15% | -143.25% | -9.64% | -9.57% | -7.34% | -40.72% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $865,400K ÷ $1,784,200K
= 48.50%
The net profit margin of Valaris Ltd has experienced varying levels over the past five quarters. In Q4 2023, the net profit margin was quite high at 48.50%, indicating that the company generated significant profits relative to its revenue in that period. This was a sharp improvement from the previous quarter, Q3 2023, where the net profit margin was much lower at 3.43%.
In Q2 2023, the net profit margin increased to 7.04%, showing some recovery from the low in Q3 but still below the levels seen in Q4 2023. In Q1 2023, the net profit margin was 15.27%, reflecting a solid profitability level, although lower than Q4 2023.
Comparing these results to Q4 2022, where the net profit margin was 11.01%, it is evident that Valaris Ltd achieved a significantly higher level of profitability in the most recent quarter. However, it is important to note the fluctuations in the net profit margin over the quarters, indicating potential volatility in the company's earnings performance. This may be influenced by factors such as changes in revenue, operating expenses, and one-time events affecting profitability. Further analysis and consideration of other financial metrics would help provide a more comprehensive understanding of Valaris Ltd's financial performance.
Peer comparison
Dec 31, 2023