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Side-by-side financial comparison of SIGA TECHNOLOGIES INC (SIGA) 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× SIGA TECHNOLOGIES INC). On growth, Valaris Ltd posted the faster year-over-year revenue change (405.9% vs -95.3%). SIGA TECHNOLOGIES INC produced more free cash flow last quarter ($43.1M vs $-34.1M). Over the past eight quarters, Valaris Ltd's revenue compounded faster (29.5% CAGR vs -61.4%).

SIGA Technologies, Inc. is an American pharmaceutical company founded in 1995, based in New York City, which develops and sells pharmaceutical solutions for the antiviral treatment of smallpox, monkeypox, cowpox, and vaccinia complications.

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.

SIGA vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.4× larger
VAL
$5.2M
$3.8M
SIGA
Growing faster (revenue YoY)
VAL
VAL
+501.2% gap
VAL
405.9%
-95.3%
SIGA
More free cash flow
SIGA
SIGA
$77.2M more FCF
SIGA
$43.1M
$-34.1M
VAL
Faster 2-yr revenue CAGR
VAL
VAL
Annualised
VAL
29.5%
-61.4%
SIGA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SIGA
SIGA
VAL
VAL
Revenue
$3.8M
$5.2M
Net Profit
$717.5M
Gross Margin
21.2%
-7850.0%
Operating Margin
Net Margin
13798.1%
Revenue YoY
-95.3%
405.9%
Net Profit YoY
-111.9%
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
SIGA
SIGA
VAL
VAL
Q4 25
$3.8M
$5.2M
Q3 25
$2.6M
$5.6M
Q2 25
$81.1M
$700.0K
Q1 25
$7.0M
Q4 24
$81.5M
$-1.7M
Q3 24
$10.0M
$3.9M
Q2 24
$21.8M
$4.8M
Q1 24
$25.4M
$2.6M
Net Profit
SIGA
SIGA
VAL
VAL
Q4 25
$717.5M
Q3 25
$-6.4M
$188.1M
Q2 25
$35.5M
$115.1M
Q1 25
$-408.2K
Q4 24
$45.8M
$133.7M
Q3 24
$1.3M
$64.6M
Q2 24
$1.8M
$149.6M
Q1 24
$10.3M
$25.5M
Gross Margin
SIGA
SIGA
VAL
VAL
Q4 25
21.2%
-7850.0%
Q3 25
61.8%
-7142.9%
Q2 25
68.5%
-56428.6%
Q1 25
97.8%
Q4 24
82.7%
24529.4%
Q3 24
83.8%
-11748.7%
Q2 24
43.6%
-9039.6%
Q1 24
87.3%
-17007.7%
Operating Margin
SIGA
SIGA
VAL
VAL
Q4 25
Q3 25
-390.2%
Q2 25
56.3%
Q1 25
-32.0%
Q4 24
70.1%
Q3 24
5.4%
Q2 24
5.0%
Q1 24
44.3%
Net Margin
SIGA
SIGA
VAL
VAL
Q4 25
13798.1%
Q3 25
-243.0%
3358.9%
Q2 25
43.7%
16442.9%
Q1 25
-5.8%
Q4 24
56.2%
-7864.7%
Q3 24
13.4%
1656.4%
Q2 24
8.4%
3116.7%
Q1 24
40.4%
980.8%
EPS (diluted)
SIGA
SIGA
VAL
VAL
Q4 25
$10.13
Q3 25
$-0.09
$2.65
Q2 25
$0.49
$1.61
Q1 25
$-0.01
Q4 24
$0.63
$1.86
Q3 24
$0.02
$0.88
Q2 24
$0.03
$2.03
Q1 24
$0.14
$0.35

Balance Sheet & Financial Strength

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

Metric
SIGA
SIGA
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$155.0M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$198.8M
$3.2B
Total Assets
$219.5M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIGA
SIGA
VAL
VAL
Q4 25
$155.0M
$599.4M
Q3 25
$172.0M
$662.7M
Q2 25
$182.5M
$503.4M
Q1 25
$162.3M
Q4 24
$155.4M
$368.2M
Q3 24
$99.3M
$379.3M
Q2 24
$106.9M
$398.3M
Q1 24
$143.9M
$494.1M
Stockholders' Equity
SIGA
SIGA
VAL
VAL
Q4 25
$198.8M
$3.2B
Q3 25
$203.5M
$2.4B
Q2 25
$209.3M
$2.3B
Q1 25
$216.1M
Q4 24
$215.8M
$2.2B
Q3 24
$169.4M
$2.1B
Q2 24
$167.6M
$2.2B
Q1 24
$165.0M
$2.0B
Total Assets
SIGA
SIGA
VAL
VAL
Q4 25
$219.5M
$5.3B
Q3 25
$231.6M
$4.6B
Q2 25
$235.3M
$4.5B
Q1 25
$247.1M
Q4 24
$244.3M
$4.4B
Q3 24
$195.4M
$4.3B
Q2 24
$192.7M
$4.4B
Q1 24
$243.1M
$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
SIGA
SIGA
VAL
VAL
Operating Cash FlowLast quarter
$43.5M
$72.2M
Free Cash FlowOCF − Capex
$43.1M
$-34.1M
FCF MarginFCF / Revenue
1136.4%
-655.8%
Capex IntensityCapex / Revenue
9.4%
2044.2%
Cash ConversionOCF / Net Profit
0.10×
TTM Free Cash FlowTrailing 4 quarters
$103.1M
$159.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIGA
SIGA
VAL
VAL
Q4 25
$43.5M
$72.2M
Q3 25
$-9.8M
$198.1M
Q2 25
$63.1M
$120.0M
Q1 25
$7.1M
Q4 24
$56.3M
$124.6M
Q3 24
$-7.4M
$193.0M
Q2 24
$6.0M
$11.5M
Q1 24
$-6.1M
$26.3M
Free Cash Flow
SIGA
SIGA
VAL
VAL
Q4 25
$43.1M
$-34.1M
Q3 25
$-10.1M
$128.3M
Q2 25
$63.1M
$52.8M
Q1 25
$7.0M
Q4 24
$56.3M
$12.9M
Q3 24
$-7.4M
$111.1M
Q2 24
$6.0M
$-98.7M
Q1 24
$-125.0M
FCF Margin
SIGA
SIGA
VAL
VAL
Q4 25
1136.4%
-655.8%
Q3 25
-385.6%
2291.1%
Q2 25
77.8%
7542.9%
Q1 25
99.9%
Q4 24
69.1%
-758.8%
Q3 24
-74.0%
2848.7%
Q2 24
27.3%
-2056.3%
Q1 24
-4807.7%
Capex Intensity
SIGA
SIGA
VAL
VAL
Q4 25
9.4%
2044.2%
Q3 25
11.1%
1246.4%
Q2 25
0.0%
9600.0%
Q1 25
0.4%
Q4 24
0.0%
-6570.6%
Q3 24
0.2%
2100.0%
Q2 24
0.0%
2295.8%
Q1 24
0.0%
5819.2%
Cash Conversion
SIGA
SIGA
VAL
VAL
Q4 25
0.10×
Q3 25
1.05×
Q2 25
1.78×
1.04×
Q1 25
Q4 24
1.23×
0.93×
Q3 24
-5.49×
2.99×
Q2 24
3.25×
0.08×
Q1 24
-0.60×
1.03×

Financial Flow Comparison

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

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