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Side-by-side financial comparison of ClearSign Technologies Corp (CLIR) and Valaris Ltd (VAL). Click either name above to swap in a different company.

Valaris Ltd is the larger business by last-quarter revenue ($5.2M vs $3.7M, roughly 1.4× ClearSign Technologies Corp). Valaris Ltd runs the higher net margin — 13798.1% vs -8.5%, a 13806.5% gap on every dollar of revenue. On growth, ClearSign Technologies Corp posted the faster year-over-year revenue change (522.2% vs 405.9%). Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs 29.5%).

ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.

Valaris Limited is an offshore drilling contractor headquartered in Houston, Texas, and incorporated in Bermuda. It is the largest offshore drilling and well drilling company in the world. As of February 2025, it owned 52 rigs, including 36 offshore jackup rigs, 11 drillships, and 5 semi-submersible platform drilling rigs.

CLIR vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.4× larger
VAL
$5.2M
$3.7M
CLIR
Growing faster (revenue YoY)
CLIR
CLIR
+116.3% gap
CLIR
522.2%
405.9%
VAL
Higher net margin
VAL
VAL
13806.5% more per $
VAL
13798.1%
-8.5%
CLIR
Faster 2-yr revenue CAGR
CLIR
CLIR
Annualised
CLIR
82.5%
29.5%
VAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLIR
CLIR
VAL
VAL
Revenue
$3.7M
$5.2M
Net Profit
$-311.0K
$717.5M
Gross Margin
21.9%
-7850.0%
Operating Margin
-22.5%
Net Margin
-8.5%
13798.1%
Revenue YoY
522.2%
405.9%
Net Profit YoY
73.3%
436.6%
EPS (diluted)
$-0.06
$10.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLIR
CLIR
VAL
VAL
Q4 25
$3.7M
$5.2M
Q3 25
$1.0M
$5.6M
Q2 25
$133.0K
$700.0K
Q1 25
$401.0K
Q4 24
$590.0K
$-1.7M
Q3 24
$1.9M
$3.9M
Q2 24
$45.0K
$4.8M
Q1 24
$1.1M
$2.6M
Net Profit
CLIR
CLIR
VAL
VAL
Q4 25
$-311.0K
$717.5M
Q3 25
$-1.4M
$188.1M
Q2 25
$-1.7M
$115.1M
Q1 25
$-2.1M
Q4 24
$-1.2M
$133.7M
Q3 24
$-1.2M
$64.6M
Q2 24
$-1.9M
$149.6M
Q1 24
$-1.1M
$25.5M
Gross Margin
CLIR
CLIR
VAL
VAL
Q4 25
21.9%
-7850.0%
Q3 25
35.8%
-7142.9%
Q2 25
41.4%
-56428.6%
Q1 25
48.9%
Q4 24
14.9%
24529.4%
Q3 24
29.6%
-11748.7%
Q2 24
93.3%
-9039.6%
Q1 24
39.7%
-17007.7%
Operating Margin
CLIR
CLIR
VAL
VAL
Q4 25
-22.5%
Q3 25
-170.1%
Q2 25
-1382.0%
Q1 25
-562.8%
Q4 24
-282.4%
Q3 24
-77.1%
Q2 24
-4748.9%
Q1 24
-113.6%
Net Margin
CLIR
CLIR
VAL
VAL
Q4 25
-8.5%
13798.1%
Q3 25
-138.9%
3358.9%
Q2 25
-1263.2%
16442.9%
Q1 25
-517.7%
Q4 24
-197.3%
-7864.7%
Q3 24
-62.1%
1656.4%
Q2 24
-4160.0%
3116.7%
Q1 24
-100.5%
980.8%
EPS (diluted)
CLIR
CLIR
VAL
VAL
Q4 25
$-0.06
$10.13
Q3 25
$-0.26
$2.65
Q2 25
$-0.30
$1.61
Q1 25
$-0.37
Q4 24
$-0.18
$1.86
Q3 24
$-0.20
$0.88
Q2 24
$-0.40
$2.03
Q1 24
$-0.30
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLIR
CLIR
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$9.2M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.5M
$3.2B
Total Assets
$12.2M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLIR
CLIR
VAL
VAL
Q4 25
$9.2M
$599.4M
Q3 25
$10.5M
$662.7M
Q2 25
$12.3M
$503.4M
Q1 25
$12.9M
Q4 24
$14.0M
$368.2M
Q3 24
$14.5M
$379.3M
Q2 24
$16.0M
$398.3M
Q1 24
$4.6M
$494.1M
Stockholders' Equity
CLIR
CLIR
VAL
VAL
Q4 25
$9.5M
$3.2B
Q3 25
$9.1M
$2.4B
Q2 25
$10.4M
$2.3B
Q1 25
$12.0M
Q4 24
$13.8M
$2.2B
Q3 24
$14.8M
$2.1B
Q2 24
$15.9M
$2.2B
Q1 24
$4.5M
$2.0B
Total Assets
CLIR
CLIR
VAL
VAL
Q4 25
$12.2M
$5.3B
Q3 25
$12.7M
$4.6B
Q2 25
$14.2M
$4.5B
Q1 25
$14.5M
Q4 24
$16.3M
$4.4B
Q3 24
$17.1M
$4.3B
Q2 24
$17.8M
$4.4B
Q1 24
$6.6M
$4.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLIR
CLIR
VAL
VAL
Operating Cash FlowLast quarter
$-1.3M
$72.2M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-655.8%
Capex IntensityCapex / Revenue
0.0%
2044.2%
Cash ConversionOCF / Net Profit
0.10×
TTM Free Cash FlowTrailing 4 quarters
$159.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLIR
CLIR
VAL
VAL
Q4 25
$-1.3M
$72.2M
Q3 25
$-1.8M
$198.1M
Q2 25
$-511.0K
$120.0M
Q1 25
$-1.1M
Q4 24
$-415.0K
$124.6M
Q3 24
$-1.4M
$193.0M
Q2 24
$-1.5M
$11.5M
Q1 24
$-1.0M
$26.3M
Free Cash Flow
CLIR
CLIR
VAL
VAL
Q4 25
$-34.1M
Q3 25
$128.3M
Q2 25
$52.8M
Q1 25
$-1.1M
Q4 24
$12.9M
Q3 24
$111.1M
Q2 24
$-98.7M
Q1 24
$-125.0M
FCF Margin
CLIR
CLIR
VAL
VAL
Q4 25
-655.8%
Q3 25
2291.1%
Q2 25
7542.9%
Q1 25
-278.1%
Q4 24
-758.8%
Q3 24
2848.7%
Q2 24
-2056.3%
Q1 24
-4807.7%
Capex Intensity
CLIR
CLIR
VAL
VAL
Q4 25
0.0%
2044.2%
Q3 25
0.0%
1246.4%
Q2 25
0.0%
9600.0%
Q1 25
1.0%
Q4 24
-6570.6%
Q3 24
0.0%
2100.0%
Q2 24
2295.8%
Q1 24
5819.2%
Cash Conversion
CLIR
CLIR
VAL
VAL
Q4 25
0.10×
Q3 25
1.05×
Q2 25
1.04×
Q1 25
Q4 24
0.93×
Q3 24
2.99×
Q2 24
0.08×
Q1 24
1.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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