Skip to content
Valaris logo

Valaris

VAL

Valaris Limited is a leading global provider of offshore contract drilling services to the international oil and gas industry.

Market cap
$5.43B+57.0%
Revenue$2.2B-10.0%
Net income$1.0B+224%
Free cash flow$210.9M+133%
EPS (diluted)$14.15+234%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$491.6M
EPS estimate$0.30

Financials

Q1 2026

Income statement

See full
Revenue$465.4M-25.0%
Gross profit$92.0M-55.3%
Operating income$20.0M-86.0%
Net income-$16.4M+56.7%
EPS (diluted)-$0.24+54.7%

Balance sheet

See full
Cash & equivalents$595.4M+31.2%
Total debt$1.2B-0.7%
Total equity$3.2B+43.2%
Total assets$5.4B+22.3%

Cash flow

See full
Operating cash flow$75.0M-51.9%
CapEx$100.9M+0.7%
Free cash flow-$25.9M-146%

Valuation & ratios

Valuation

See full
Market cap$5.43B+57.0%
Enterprise value$5.99B+38.7%
P/E5.4×-7.9×
P/S2.5×+1.0×

Profitability

See full
Gross margin28.3%-1.3pp
Operating margin16%-3.0pp
Net margin45.4%+32.8pp

Returns & leverage

See full
Return on equity37.4%+22.8pp
Debt / equity0.4×-0.2×
Current ratio1.5×-0.1×

Competitors

Profile

Valaris Limited is a leading global provider of offshore contract drilling services to the international oil and gas industry. The company operates one of the world's largest offshore drilling fleets, specializing in ultra-deepwater and premium jackup services across major offshore markets on six continents. Its core value proposition centers on providing integrated drilling rigs and crews to execute complex exploration and production projects for global energy companies.

Competitive position

Valaris maintains a leading position in the offshore drilling market with one of the largest and most technologically advanced fleets of drillships and jackups globally.

GeographiesGlobal, Gulf of Mexico, South America, North Sea, Middle East, Africa, Asia Pacific
Customer segmentsNational Oil Companies (NOCs), International Oil Companies (IOCs), Independent E&P Operators
Business modelDay rate contract services, Joint Venture, Asset leasing
SuppliersShipyards and rig manufacturers, Oilfield equipment OEMs, Labor and specialized crew providers, Fuel and rig supply vendors
CustomersIntegrated oil and gas majors, State-owned national oil companies, Independent exploration and production companies
CountryBermuda
Listed2021
Employees6.0K
CEOAnton Dibowitz
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Valaris's market cap?
Valaris (VAL) has a market capitalization of $5.4B and trades on NYSE.
What is Valaris's revenue and profitability?
Valaris generated $2.2B in trailing twelve-month revenue with net income of $1.0B, representing a net margin of 45.4%. Gross margin stands at 28.3%, with free cash flow of $210.9M. These figures are based on the Q1 2026 filing.
Who are Valaris's competitors?
Valaris's key competitors include Seadrill Ltd., Transocean Ltd., Noble Corporation, and others. These companies compete in similar markets and product categories.
Who does Valaris partner with?
Valaris's notable partners include Saudi Aramco, Transocean Ltd..
What subsidiaries does Valaris have?
Valaris's subsidiaries include ARO Drilling.
Where is Valaris headquartered?
Valaris is headquartered in Bermuda and employs approximately 5,985 people. It has been publicly traded since 2021.