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

OmniAb, Inc. is the larger business by last-quarter revenue ($8.4M vs $5.2M, roughly 1.6× Valaris Ltd). Valaris Ltd runs the higher net margin — 13798.1% vs -169.3%, a 13967.4% gap on every dollar of revenue. On growth, Valaris Ltd posted the faster year-over-year revenue change (405.9% vs -22.5%). OmniAb, Inc. produced more free cash flow last quarter ($-5.7M vs $-34.1M). Over the past eight quarters, Valaris Ltd's revenue compounded faster (29.5% CAGR vs -51.3%).

OmniAb, Inc. is a global biotechnology firm specializing in proprietary transgenic animal platforms and antibody discovery solutions. It partners with pharma and biotech clients to accelerate fully human therapeutic antibody development for oncology, autoimmune diseases and high-need medical areas across key global markets.

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.

OABI vs VAL — Head-to-Head

Bigger by revenue
OABI
OABI
1.6× larger
OABI
$8.4M
$5.2M
VAL
Growing faster (revenue YoY)
VAL
VAL
+428.4% gap
VAL
405.9%
-22.5%
OABI
Higher net margin
VAL
VAL
13967.4% more per $
VAL
13798.1%
-169.3%
OABI
More free cash flow
OABI
OABI
$28.4M more FCF
OABI
$-5.7M
$-34.1M
VAL
Faster 2-yr revenue CAGR
VAL
VAL
Annualised
VAL
29.5%
-51.3%
OABI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OABI
OABI
VAL
VAL
Revenue
$8.4M
$5.2M
Net Profit
$-14.2M
$717.5M
Gross Margin
-7850.0%
Operating Margin
-188.2%
Net Margin
-169.3%
13798.1%
Revenue YoY
-22.5%
405.9%
Net Profit YoY
-8.5%
436.6%
EPS (diluted)
$-0.11
$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
OABI
OABI
VAL
VAL
Q4 25
$8.4M
$5.2M
Q3 25
$5.6M
Q2 25
$700.0K
Q4 24
$10.8M
$-1.7M
Q3 24
$3.9M
Q2 24
$7.6M
$4.8M
Q1 24
$2.6M
Q4 23
$4.8M
$3.1M
Net Profit
OABI
OABI
VAL
VAL
Q4 25
$-14.2M
$717.5M
Q3 25
$188.1M
Q2 25
$115.1M
Q4 24
$-13.1M
$133.7M
Q3 24
$64.6M
Q2 24
$-13.6M
$149.6M
Q1 24
$25.5M
Q4 23
$-14.1M
$828.5M
Gross Margin
OABI
OABI
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%
Operating Margin
OABI
OABI
VAL
VAL
Q4 25
-188.2%
Q3 25
Q2 25
Q4 24
-147.0%
Q3 24
Q2 24
-214.1%
Q1 24
Q4 23
-439.8%
Net Margin
OABI
OABI
VAL
VAL
Q4 25
-169.3%
13798.1%
Q3 25
3358.9%
Q2 25
16442.9%
Q4 24
-121.0%
-7864.7%
Q3 24
1656.4%
Q2 24
-179.0%
3116.7%
Q1 24
980.8%
Q4 23
-291.4%
26725.8%
EPS (diluted)
OABI
OABI
VAL
VAL
Q4 25
$-0.11
$10.13
Q3 25
$2.65
Q2 25
$1.61
Q4 24
$-0.13
$1.86
Q3 24
$0.88
Q2 24
$-0.13
$2.03
Q1 24
$0.35
Q4 23
$-0.14
$11.12

Balance Sheet & Financial Strength

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

Metric
OABI
OABI
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$25.5M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$267.0M
$3.2B
Total Assets
$300.9M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OABI
OABI
VAL
VAL
Q4 25
$25.5M
$599.4M
Q3 25
$662.7M
Q2 25
$503.4M
Q4 24
$27.6M
$368.2M
Q3 24
$379.3M
Q2 24
$20.8M
$398.3M
Q1 24
$494.1M
Q4 23
$16.4M
$620.5M
Stockholders' Equity
OABI
OABI
VAL
VAL
Q4 25
$267.0M
$3.2B
Q3 25
$2.4B
Q2 25
$2.3B
Q4 24
$287.6M
$2.2B
Q3 24
$2.1B
Q2 24
$294.2M
$2.2B
Q1 24
$2.0B
Q4 23
$314.6M
$2.0B
Total Assets
OABI
OABI
VAL
VAL
Q4 25
$300.9M
$5.3B
Q3 25
$4.6B
Q2 25
$4.5B
Q4 24
$325.6M
$4.4B
Q3 24
$4.3B
Q2 24
$337.3M
$4.4B
Q1 24
$4.4B
Q4 23
$375.2M
$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
OABI
OABI
VAL
VAL
Operating Cash FlowLast quarter
$-5.7M
$72.2M
Free Cash FlowOCF − Capex
$-5.7M
$-34.1M
FCF MarginFCF / Revenue
-67.8%
-655.8%
Capex IntensityCapex / Revenue
0.1%
2044.2%
Cash ConversionOCF / Net Profit
0.10×
TTM Free Cash FlowTrailing 4 quarters
$-31.8M
$159.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OABI
OABI
VAL
VAL
Q4 25
$-5.7M
$72.2M
Q3 25
$198.1M
Q2 25
$120.0M
Q4 24
$-3.9M
$124.6M
Q3 24
$193.0M
Q2 24
$-12.2M
$11.5M
Q1 24
$26.3M
Q4 23
$-9.1M
$96.7M
Free Cash Flow
OABI
OABI
VAL
VAL
Q4 25
$-5.7M
$-34.1M
Q3 25
$128.3M
Q2 25
$52.8M
Q4 24
$-3.9M
$12.9M
Q3 24
$111.1M
Q2 24
$-12.9M
$-98.7M
Q1 24
$-125.0M
Q4 23
$-9.2M
$-366.3M
FCF Margin
OABI
OABI
VAL
VAL
Q4 25
-67.8%
-655.8%
Q3 25
2291.1%
Q2 25
7542.9%
Q4 24
-36.3%
-758.8%
Q3 24
2848.7%
Q2 24
-169.9%
-2056.3%
Q1 24
-4807.7%
Q4 23
-191.4%
-11816.1%
Capex Intensity
OABI
OABI
VAL
VAL
Q4 25
0.1%
2044.2%
Q3 25
1246.4%
Q2 25
9600.0%
Q4 24
0.4%
-6570.6%
Q3 24
2100.0%
Q2 24
9.9%
2295.8%
Q1 24
5819.2%
Q4 23
2.2%
14935.5%
Cash Conversion
OABI
OABI
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.

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