Noble vs Valaris
Noble reported revenue of $3.3 billion in fiscal 2025, 1.4 times Valaris' $2.4 billion in fiscal 2025. Noble's revenue grew 7.5% in its latest year, and Valaris' grew 0.3%. Noble had an operating margin of 12.7%, against 20.1% at Valaris. Free cash flow was $432 million at Noble and $203 million at Valaris.
Side by side
| Noble | Valaris | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.3B | $2.4B |
| Revenue growth | 7.5% | 0.3% |
| Revenue growth a year, last 5 years | — | 2.9% |
| Gross margin | — | 31.2% |
| Operating margin | 12.7% | 20.1% |
| Net margin | 6.6% | 41.5% |
| Free cash flow | $432M | $203M |
| Free cash flow margin | 13.2% | 8.6% |
| Return on capital | 5.2% | 14.4% |
| Net debt to EBITDA | — | 0.8x |
| Dividends and buybacks | $340M | $100M |
| Change in diluted share count | 5.7% | −2.7% |
| Last close | $47.81 | $99.18 |
| P/E at the last close | 50.9× | 7.5× |
| Insider trades, last 12 months | sold $22.9 million | — |
| Piotroski F-score | 5 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NobleValaris
Operating margin
Percent of revenue
NobleValaris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NobleValaris