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Side-by-side financial comparison of Seritage Growth Properties (SRG) 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 $4.2M, roughly 1.2× Seritage Growth Properties). On growth, Valaris Ltd posted the faster year-over-year revenue change (405.9% vs -4.9%). Over the past eight quarters, Valaris Ltd's revenue compounded faster (29.5% CAGR vs -15.0%).

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

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.

SRG vs VAL — Head-to-Head

Bigger by revenue
VAL
VAL
1.2× larger
VAL
$5.2M
$4.2M
SRG
Growing faster (revenue YoY)
VAL
VAL
+410.8% gap
VAL
405.9%
-4.9%
SRG
Faster 2-yr revenue CAGR
VAL
VAL
Annualised
VAL
29.5%
-15.0%
SRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SRG
SRG
VAL
VAL
Revenue
$4.2M
$5.2M
Net Profit
$717.5M
Gross Margin
-7850.0%
Operating Margin
Net Margin
13798.1%
Revenue YoY
-4.9%
405.9%
Net Profit YoY
55.2%
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
SRG
SRG
VAL
VAL
Q4 25
$4.2M
$5.2M
Q3 25
$4.8M
$5.6M
Q2 25
$4.7M
$700.0K
Q1 25
$4.6M
Q4 24
$4.4M
$-1.7M
Q3 24
$3.3M
$3.9M
Q2 24
$4.2M
$4.8M
Q1 24
$5.8M
$2.6M
Net Profit
SRG
SRG
VAL
VAL
Q4 25
$717.5M
Q3 25
$-12.4M
$188.1M
Q2 25
$-28.5M
$115.1M
Q1 25
$-22.2M
Q4 24
$133.7M
Q3 24
$-22.0M
$64.6M
Q2 24
$-101.2M
$149.6M
Q1 24
$-19.0M
$25.5M
Gross Margin
SRG
SRG
VAL
VAL
Q4 25
-7850.0%
Q3 25
-7142.9%
Q2 25
-56428.6%
Q1 25
Q4 24
24529.4%
Q3 24
-11748.7%
Q2 24
-9039.6%
Q1 24
-17007.7%
Operating Margin
SRG
SRG
VAL
VAL
Q4 25
Q3 25
-258.0%
Q2 25
-610.2%
Q1 25
-486.9%
Q4 24
Q3 24
-673.2%
Q2 24
-2366.1%
Q1 24
-328.7%
Net Margin
SRG
SRG
VAL
VAL
Q4 25
13798.1%
Q3 25
-259.6%
3358.9%
Q2 25
-612.6%
16442.9%
Q1 25
-482.8%
Q4 24
-7864.7%
Q3 24
-675.9%
1656.4%
Q2 24
-2401.0%
3116.7%
Q1 24
-328.9%
980.8%
EPS (diluted)
SRG
SRG
VAL
VAL
Q4 25
$10.13
Q3 25
$-0.24
$2.65
Q2 25
$-0.53
$1.61
Q1 25
$-0.42
Q4 24
$1.86
Q3 24
$-0.41
$0.88
Q2 24
$-1.82
$2.03
Q1 24
$-0.36
$0.35

Balance Sheet & Financial Strength

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

Metric
SRG
SRG
VAL
VAL
Cash + ST InvestmentsLiquidity on hand
$48.1M
$599.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$331.4M
$3.2B
Total Assets
$393.8M
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRG
SRG
VAL
VAL
Q4 25
$48.1M
$599.4M
Q3 25
$51.5M
$662.7M
Q2 25
$71.8M
$503.4M
Q1 25
$94.3M
Q4 24
$85.2M
$368.2M
Q3 24
$85.6M
$379.3M
Q2 24
$86.7M
$398.3M
Q1 24
$114.9M
$494.1M
Stockholders' Equity
SRG
SRG
VAL
VAL
Q4 25
$331.4M
$3.2B
Q3 25
$337.7M
$2.4B
Q2 25
$351.4M
$2.3B
Q1 25
$381.1M
Q4 24
$404.5M
$2.2B
Q3 24
$417.5M
$2.1B
Q2 24
$440.4M
$2.2B
Q1 24
$542.4M
$2.0B
Total Assets
SRG
SRG
VAL
VAL
Q4 25
$393.8M
$5.3B
Q3 25
$558.6M
$4.6B
Q2 25
$575.7M
$4.5B
Q1 25
$649.7M
Q4 24
$677.8M
$4.4B
Q3 24
$735.0M
$4.3B
Q2 24
$758.3M
$4.4B
Q1 24
$914.6M
$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
SRG
SRG
VAL
VAL
Operating Cash FlowLast quarter
$-34.9M
$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
SRG
SRG
VAL
VAL
Q4 25
$-34.9M
$72.2M
Q3 25
$-12.5M
$198.1M
Q2 25
$-12.0M
$120.0M
Q1 25
$-9.2M
Q4 24
$-53.5M
$124.6M
Q3 24
$-15.5M
$193.0M
Q2 24
$-7.5M
$11.5M
Q1 24
$-16.6M
$26.3M
Free Cash Flow
SRG
SRG
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
SRG
SRG
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
SRG
SRG
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
SRG
SRG
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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