Transocean vs Valaris
Transocean reported revenue of $4.0 billion in fiscal 2025, 1.7 times Valaris' $2.4 billion in fiscal 2025. Transocean's revenue grew 12.5% in its latest year, and Valaris' grew 0.3%. Transocean had an operating margin of -58.9%, against 20.1% at Valaris. Free cash flow was $626 million at Transocean and $203 million at Valaris.
Side by side
| Transocean | Valaris | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.0B | $2.4B |
| Revenue growth | 12.5% | 0.3% |
| Revenue growth a year, last 5 years | 4.7% | 2.9% |
| Gross margin | 39.3% | 31.2% |
| Operating margin | −58.9% | 20.1% |
| Net margin | −73.5% | 41.5% |
| Free cash flow | $626M | $203M |
| Free cash flow margin | 15.8% | 8.6% |
| Return on capital | −12.4% | 14.4% |
| Net debt to EBITDA | — | 0.8x |
| Dividends and buybacks | $0M | $100M |
| Change in diluted share count | 3.8% | −2.7% |
| Last close | $6.53 | $99.18 |
| P/E at the last close | — | 7.5× |
| Insider trades, last 12 months | bought $6.2 million, sold $5.0 million | — |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
TransoceanValaris
Operating margin
Percent of revenue
TransoceanValaris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
TransoceanValaris
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Transocean and Valaris pages.