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Side-by-side financial comparison of Phoenix Asia Holdings Ltd (PHOE) 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 $3.8M, roughly 1.4× Phoenix Asia Holdings Ltd). Valaris Ltd runs the higher net margin — 13798.1% vs 16.7%, a 13781.4% gap on every dollar of revenue.

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

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.

PHOE vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.4× larger
VAL
$5.2M
$3.8M
PHOE
Higher net margin
VAL
VAL
13781.4% more per $
VAL
13798.1%
16.7%
PHOE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PHOE
PHOE
VAL
VAL
Revenue
$3.8M
$5.2M
Net Profit
$631.4K
$717.5M
Gross Margin
28.5%
-7850.0%
Operating Margin
19.8%
Net Margin
16.7%
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
PHOE
PHOE
VAL
VAL
Q4 25
$5.2M
Q3 25
$3.8M
$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
PHOE
PHOE
VAL
VAL
Q4 25
$717.5M
Q3 25
$631.4K
$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
PHOE
PHOE
VAL
VAL
Q4 25
-7850.0%
Q3 25
28.5%
-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
PHOE
PHOE
VAL
VAL
Q4 25
Q3 25
19.8%
Q2 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Net Margin
PHOE
PHOE
VAL
VAL
Q4 25
13798.1%
Q3 25
16.7%
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)
PHOE
PHOE
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
PHOE
PHOE
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$1.5M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$3.2B
Total Assets
$8.7M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHOE
PHOE
VAL
VAL
Q4 25
$599.4M
Q3 25
$1.5M
$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
PHOE
PHOE
VAL
VAL
Q4 25
$3.2B
Q3 25
$7.5M
$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
PHOE
PHOE
VAL
VAL
Q4 25
$5.3B
Q3 25
$8.7M
$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
PHOE
PHOE
VAL
VAL
Operating Cash FlowLast quarter
$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
PHOE
PHOE
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
PHOE
PHOE
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
PHOE
PHOE
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
PHOE
PHOE
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
PHOE
PHOE
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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