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Side-by-side financial comparison of NeoVolta Inc. (NEOV) 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 $4.6M, roughly 1.1× NeoVolta Inc.). Valaris Ltd runs the higher net margin — 13798.1% vs -119.2%, a 13917.3% gap on every dollar of revenue. On growth, Valaris Ltd posted the faster year-over-year revenue change (405.9% vs 333.5%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% CAGR vs 29.5%).

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

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.

NEOV vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.1× larger
VAL
$5.2M
$4.6M
NEOV
Growing faster (revenue YoY)
VAL
VAL
+72.4% gap
VAL
405.9%
333.5%
NEOV
Higher net margin
VAL
VAL
13917.3% more per $
VAL
13798.1%
-119.2%
NEOV
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
29.5%
VAL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NEOV
NEOV
VAL
VAL
Revenue
$4.6M
$5.2M
Net Profit
$-5.5M
$717.5M
Gross Margin
16.6%
-7850.0%
Operating Margin
-96.4%
Net Margin
-119.2%
13798.1%
Revenue YoY
333.5%
405.9%
Net Profit YoY
-470.3%
436.6%
EPS (diluted)
$-0.16
$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
NEOV
NEOV
VAL
VAL
Q4 25
$4.6M
$5.2M
Q3 25
$6.7M
$5.6M
Q2 25
$4.8M
$700.0K
Q1 25
$2.0M
Q4 24
$1.1M
$-1.7M
Q3 24
$590.2K
$3.9M
Q2 24
$579.2K
$4.8M
Q1 24
$283.9K
$2.6M
Net Profit
NEOV
NEOV
VAL
VAL
Q4 25
$-5.5M
$717.5M
Q3 25
$-1.2M
$188.1M
Q2 25
$-1.6M
$115.1M
Q1 25
$-1.4M
Q4 24
$-971.1K
$133.7M
Q3 24
$-964.5K
$64.6M
Q2 24
$149.6M
Q1 24
$-589.5K
$25.5M
Gross Margin
NEOV
NEOV
VAL
VAL
Q4 25
16.6%
-7850.0%
Q3 25
23.7%
-7142.9%
Q2 25
12.1%
-56428.6%
Q1 25
25.5%
Q4 24
30.2%
24529.4%
Q3 24
15.7%
-11748.7%
Q2 24
3.0%
-9039.6%
Q1 24
58.5%
-17007.7%
Operating Margin
NEOV
NEOV
VAL
VAL
Q4 25
-96.4%
Q3 25
-12.8%
Q2 25
-30.2%
Q1 25
-68.1%
Q4 24
-88.4%
Q3 24
-163.6%
Q2 24
Q1 24
-211.5%
Net Margin
NEOV
NEOV
VAL
VAL
Q4 25
-119.2%
13798.1%
Q3 25
-18.7%
3358.9%
Q2 25
-34.7%
16442.9%
Q1 25
-72.0%
Q4 24
-90.6%
-7864.7%
Q3 24
-163.4%
1656.4%
Q2 24
3116.7%
Q1 24
-207.6%
980.8%
EPS (diluted)
NEOV
NEOV
VAL
VAL
Q4 25
$-0.16
$10.13
Q3 25
$-0.04
$2.65
Q2 25
$-0.05
$1.61
Q1 25
$-0.04
Q4 24
$-0.03
$1.86
Q3 24
$-0.03
$0.88
Q2 24
$2.03
Q1 24
$-0.02
$0.35

Balance Sheet & Financial Strength

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

Metric
NEOV
NEOV
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$242.4K
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0M
$3.2B
Total Assets
$10.1M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEOV
NEOV
VAL
VAL
Q4 25
$242.4K
$599.4M
Q3 25
$889.8K
$662.7M
Q2 25
$794.8K
$503.4M
Q1 25
$536.0K
Q4 24
$328.7K
$368.2M
Q3 24
$393.4K
$379.3M
Q2 24
$986.4K
$398.3M
Q1 24
$1.0M
$494.1M
Stockholders' Equity
NEOV
NEOV
VAL
VAL
Q4 25
$5.0M
$3.2B
Q3 25
$2.1M
$2.4B
Q2 25
$2.9M
$2.3B
Q1 25
$3.8M
Q4 24
$3.3M
$2.2B
Q3 24
$3.9M
$2.1B
Q2 24
$4.6M
$2.2B
Q1 24
$5.1M
$2.0B
Total Assets
NEOV
NEOV
VAL
VAL
Q4 25
$10.1M
$5.3B
Q3 25
$8.4M
$4.6B
Q2 25
$6.8M
$4.5B
Q1 25
$5.7M
Q4 24
$4.0M
$4.4B
Q3 24
$4.2M
$4.3B
Q2 24
$4.7M
$4.4B
Q1 24
$5.2M
$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
NEOV
NEOV
VAL
VAL
Operating Cash FlowLast quarter
$-2.1M
$72.2M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-655.8%
Capex IntensityCapex / Revenue
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
NEOV
NEOV
VAL
VAL
Q4 25
$-2.1M
$72.2M
Q3 25
$-2.5M
$198.1M
Q2 25
$-924.2K
$120.0M
Q1 25
$-2.1M
Q4 24
$-858.3K
$124.6M
Q3 24
$-593.0K
$193.0M
Q2 24
$-1.0M
$11.5M
Q1 24
$-485.3K
$26.3M
Free Cash Flow
NEOV
NEOV
VAL
VAL
Q4 25
$-34.1M
Q3 25
$128.3M
Q2 25
$52.8M
Q1 25
Q4 24
$12.9M
Q3 24
$111.1M
Q2 24
$-98.7M
Q1 24
$-125.0M
FCF Margin
NEOV
NEOV
VAL
VAL
Q4 25
-655.8%
Q3 25
2291.1%
Q2 25
7542.9%
Q1 25
Q4 24
-758.8%
Q3 24
2848.7%
Q2 24
-2056.3%
Q1 24
-4807.7%
Capex Intensity
NEOV
NEOV
VAL
VAL
Q4 25
2044.2%
Q3 25
1246.4%
Q2 25
9600.0%
Q1 25
Q4 24
-6570.6%
Q3 24
2100.0%
Q2 24
2295.8%
Q1 24
5819.2%
Cash Conversion
NEOV
NEOV
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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