What is Valaris's income tax?

Valaris (VAL) reported income tax of $28.4M in Q1 2026.

How has Valaris's income tax changed year-over-year?

Valaris's income tax decreased by 85.3% year-over-year, from $193.5M to $28.4M.

What is the long-term trend for Valaris's income tax?

Over 3 years (2021 to 2025), Valaris's income tax has grown at a 45.8% compound annual growth rate (CAGR), from $137.6M to -$426.8M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Valaris VAL Income Tax

Income Tax at other companies

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$18.72M-1.5%

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$15M-68.1%

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-$54M-238%

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$72.95M+80.5%

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$9.3M-77.6%

Schlumberger SLB

$195M-16.7%

Other financials

Income statement

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Revenue$465.4M-25.0%

Gross profit$92.0M-55.3%

Operating income$20.0M-86.0%

Net income-$16.4M+56.7%

EPS (diluted)-$0.24+54.7%

Balance sheet

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Cash & equivalents$595.4M+31.2%

Total debt$1.2B-0.7%

Total equity$3.2B+43.2%

Total assets$5.4B+22.3%

Cash flow

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Operating cash flow$75.0M-51.9%

CapEx$100.9M+0.7%

Free cash flow-$25.9M-146%

Valuation

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Market cap$5.44B+143%

Profitability

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Gross margin28.3%-1.3pp

Operating margin16%-3.0pp

Net margin45.4%+32.8pp

FCF margin-31.2%—

Returns & leverage

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Return on equity37.4%+22.8pp

Debt / equity0.4×-0.2×

Current ratio1.5×-0.1×

Where this comes from

Reported directly by Valaris in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Valaris’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Valaris's income tax?: Valaris (VAL) reported income tax of $28.4M in Q1 2026.
How has Valaris's income tax changed year-over-year?: Valaris's income tax decreased by 85.3% year-over-year, from $193.5M to $28.4M.
What is the long-term trend for Valaris's income tax?: Over 3 years (2021 to 2025), Valaris's income tax has grown at a 45.8% compound annual growth rate (CAGR), from $137.6M to -$426.8M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.