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Side-by-side financial comparison of Maase Inc. (MAAS) and Valaris Ltd (VAL). Click either name above to swap in a different company.

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $5.2M, roughly 1.9× Valaris Ltd). Maase Inc. produced more free cash flow last quarter ($-18.3M vs $-34.1M).

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.

MAAS vs VAL — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.9× larger
MAAS
$9.9M
$5.2M
VAL
More free cash flow
MAAS
MAAS
$15.8M more FCF
MAAS
$-18.3M
$-34.1M
VAL

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
VAL
VAL
Revenue
$9.9M
$5.2M
Net Profit
$717.5M
Gross Margin
78.7%
-7850.0%
Operating Margin
-55.9%
Net Margin
13798.1%
Revenue YoY
405.9%
Net Profit YoY
436.6%
EPS (diluted)
$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
MAAS
MAAS
VAL
VAL
Q4 25
$5.2M
Q3 25
$5.6M
Q2 25
$700.0K
Q4 24
$-1.7M
Q3 24
$3.9M
Q2 24
$4.8M
Q1 24
$2.6M
Q4 23
$3.1M
Net Profit
MAAS
MAAS
VAL
VAL
Q4 25
$717.5M
Q3 25
$188.1M
Q2 25
$115.1M
Q4 24
$133.7M
Q3 24
$64.6M
Q2 24
$149.6M
Q1 24
$25.5M
Q4 23
$828.5M
Gross Margin
MAAS
MAAS
VAL
VAL
Q4 25
-7850.0%
Q3 25
-7142.9%
Q2 25
-56428.6%
Q4 24
24529.4%
Q3 24
-11748.7%
Q2 24
-9039.6%
Q1 24
-17007.7%
Q4 23
-12867.7%
Net Margin
MAAS
MAAS
VAL
VAL
Q4 25
13798.1%
Q3 25
3358.9%
Q2 25
16442.9%
Q4 24
-7864.7%
Q3 24
1656.4%
Q2 24
3116.7%
Q1 24
980.8%
Q4 23
26725.8%
EPS (diluted)
MAAS
MAAS
VAL
VAL
Q4 25
$10.13
Q3 25
$2.65
Q2 25
$1.61
Q4 24
$1.86
Q3 24
$0.88
Q2 24
$2.03
Q1 24
$0.35
Q4 23
$11.12

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$10.9M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
$3.2B
Total Assets
$47.0M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
VAL
VAL
Q4 25
$599.4M
Q3 25
$662.7M
Q2 25
$503.4M
Q4 24
$368.2M
Q3 24
$379.3M
Q2 24
$398.3M
Q1 24
$494.1M
Q4 23
$620.5M
Stockholders' Equity
MAAS
MAAS
VAL
VAL
Q4 25
$3.2B
Q3 25
$2.4B
Q2 25
$2.3B
Q4 24
$2.2B
Q3 24
$2.1B
Q2 24
$2.2B
Q1 24
$2.0B
Q4 23
$2.0B
Total Assets
MAAS
MAAS
VAL
VAL
Q4 25
$5.3B
Q3 25
$4.6B
Q2 25
$4.5B
Q4 24
$4.4B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.4B
Q4 23
$4.3B

Cash Flow & Capital Efficiency

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

Metric
MAAS
MAAS
VAL
VAL
Operating Cash FlowLast quarter
$-18.2M
$72.2M
Free Cash FlowOCF − Capex
$-18.3M
$-34.1M
FCF MarginFCF / Revenue
-184.4%
-655.8%
Capex IntensityCapex / Revenue
1.0%
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
MAAS
MAAS
VAL
VAL
Q4 25
$72.2M
Q3 25
$198.1M
Q2 25
$120.0M
Q4 24
$124.6M
Q3 24
$193.0M
Q2 24
$11.5M
Q1 24
$26.3M
Q4 23
$96.7M
Free Cash Flow
MAAS
MAAS
VAL
VAL
Q4 25
$-34.1M
Q3 25
$128.3M
Q2 25
$52.8M
Q4 24
$12.9M
Q3 24
$111.1M
Q2 24
$-98.7M
Q1 24
$-125.0M
Q4 23
$-366.3M
FCF Margin
MAAS
MAAS
VAL
VAL
Q4 25
-655.8%
Q3 25
2291.1%
Q2 25
7542.9%
Q4 24
-758.8%
Q3 24
2848.7%
Q2 24
-2056.3%
Q1 24
-4807.7%
Q4 23
-11816.1%
Capex Intensity
MAAS
MAAS
VAL
VAL
Q4 25
2044.2%
Q3 25
1246.4%
Q2 25
9600.0%
Q4 24
-6570.6%
Q3 24
2100.0%
Q2 24
2295.8%
Q1 24
5819.2%
Q4 23
14935.5%
Cash Conversion
MAAS
MAAS
VAL
VAL
Q4 25
0.10×
Q3 25
1.05×
Q2 25
1.04×
Q4 24
0.93×
Q3 24
2.99×
Q2 24
0.08×
Q1 24
1.03×
Q4 23
0.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

VAL
VAL

Segment breakdown not available.

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