Valaris Ltd (VAL)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 370,200 | 284,700 | 225,200 | 101,600 | 84,200 | 86,800 | 150,600 | 286,400 | 224,900 | 180,700 | 89,700 | -3,610,000 | -4,445,400 | -4,624,700 | -5,275,300 | -2,833,200 | -5,117,000 | -5,085,600 | -4,631,500 | -3,067,000 |
| Revenue (ttm) | US$ in thousands | 2,362,600 | 2,262,000 | 2,074,000 | 1,879,100 | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,243,700 | 1,232,400 | 1,223,400 | 1,182,000 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 |
| Pretax margin | 15.67% | 12.59% | 10.86% | 5.41% | 4.72% | 5.01% | 8.78% | 16.71% | 14.03% | 12.26% | 6.58% | -290.26% | -360.71% | -378.02% | -446.30% | -221.74% | -358.53% | -309.57% | -242.64% | -145.78% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $370,200K ÷ $2,362,600K
= 15.67%
The pretax margin of Valaris Ltd experienced significant volatility in recent periods, with negative margins ranging from -145.78% to -446.30% up to June 2021. However, there has been a notable improvement in profitability since then, with margins turning positive and steadily increasing to 15.67% by December 31, 2024. This positive trend signifies a turnaround in the company's financial performance, indicating more efficient cost management and potentially increasing revenue streams. It is essential for the company to sustain this positive momentum in order to ensure long-term profitability and financial health.
Peer comparison
Dec 31, 2024