Valaris Ltd (VAL)
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally. It operates through four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. It also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies. Valaris Limited was founded in 1975 and is headquartered in Houston, Texas.
- Symbol
- VAL
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Market cap
- $5.73B
- 52 week range
- 46.7 - 114.12
Valuation
- Share price
- $82.57 (close of 2026-09-23)
- P/E (TTM)
- 6.21x
- Price to book
- 1.78x
- Price to free cash flow
- -237.86x
- Enterprise value
- $6.36B
- Book value per share
- $46.43
Price performance
| Period | Change |
|---|
| 1 day | +0.95% |
| 5 days | -6.42% |
| 1 month | -5.91% |
| 3 months | +5.13% |
| 6 months | -13.46% |
| Year to date | +63.83% |
| 1 year | +63.57% |
| 3 years | +11.34% |
| 5 years | +143.35% |
| All time | +248.39% |
Profitability and growth
- Return on equity
- 30.99%
- Return on invested capital
- 12.78%
- Return on assets
- 18.53%
- Return on capital employed
- 10.34%
- Gross margin
- -13594.96%
- Net margin
- 8258.82%
- EBITDA margin
- 5237.82%
- Revenue growth
- 23.96%
- Net income growth
- 163.20%
- Free cash flow growth
- 303.31%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -0.42%
- Current ratio
- 1.55x
- Net debt to EBITDA
- 1.03x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $11.90M
- Cost of revenue
- $1.63B
- Gross profit
- $-1.62B
- EBITDA
- $623.30M
- Net income
- $982.80M
- Earnings per share
- $13.92
- Shares outstanding
- 70.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $11.90M | $-1.62B | $982.80M | $13.92 |
| 2024-12-31 | $9.60M | $-1.75B | $373.40M | $5.18 |
| 2023-12-31 | $8.40M | $-1.54B | $865.40M | $11.68 |
| 2022-12-31 | $9.20M | $-1.37B | $176.50M | $2.35 |
| 2020-12-31 | $1.43B | - | $-4.86B | $-24.42 |
| 2019-12-31 | $2.05B | $247.20M | $-198.00M | $-1.14 |
| 2018-12-31 | $1.71B | $386.00M | $-639.70M | $-5.90 |
| 2017-12-31 | $1.84B | $653.50M | $-303.70M | $-3.66 |
| 2016-12-31 | $2.78B | $1.03B | $890.20M | $3.13 |
| 2015-12-31 | - | - | $-1.59B | $-6.88 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | -13594.96% | 8258.82% | 30.99% | 12.78% |
| 2024-12-31 | -18242.71% | 3889.58% | 16.64% | 11.56% |
| 2023-12-31 | -18276.19% | 10302.38% | 43.34% | 2.11% |
| 2022-12-31 | -14934.78% | 1918.48% | 13.60% | 1.63% |
| 2020-12-31 | - | -340.21% | -111.10% | -99.84% |
| 2019-12-31 | 12.04% | -9.64% | -2.13% | -4.37% |
| 2018-12-31 | 22.63% | -37.51% | -7.91% | -1.89% |
| 2017-12-31 | 35.46% | -16.48% | -3.48% | -1.05% |
| 2016-12-31 | 37.10% | 32.06% | 10.78% | 7.51% |
| 2015-12-31 | - | - | -24.47% | -11.09% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $599.40M | $1.09B |
| 2024-12-31 | $368.20M | $1.08B |
| 2023-12-31 | $620.50M | $1.08B |
| 2022-12-31 | $724.10M | $542.40M |
| 2020-12-31 | $325.80M | - |
| 2019-12-31 | $97.20M | $5.92B |
| 2018-12-31 | $604.10M | $5.01B |
| 2017-12-31 | $885.40M | $4.75B |
| 2016-12-31 | $2.60B | $4.94B |
| 2015-12-31 | $1.30B | $5.87B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $202.70M | $25.20M |
| 2024-12-31 | $-99.70M | $27.70M |
| 2023-12-31 | $-428.60M | $27.30M |
| 2022-12-31 | $-80.00M | $17.40M |
| 2020-12-31 | $-345.50M | $21.40M |
| 2019-12-31 | $-503.90M | $37.30M |
| 2018-12-31 | $-482.40M | $29.90M |
| 2017-12-31 | $-277.30M | $34.20M |
| 2016-12-31 | $755.20M | $39.60M |
| 2015-12-31 | $78.40M | $40.20M |
Dividend history
- Most recent payment
- 2019-03-08
| Payment date | Dividend per share |
|---|
| 2019-03-08 | $0.01 |
| 2018-11-30 | $0.01 |
| 2018-09-07 | $0.01 |
| 2018-06-01 | $0.01 |
| 2018-03-02 | $0.01 |
| 2017-12-01 | $0.01 |
| 2017-09-08 | $0.01 |
| 2017-06-01 | $0.01 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.00
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.46 |
| 2026-05-04 | - | - |
| 2026-02-19 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-04-30 | - | - |
| 2025-02-19 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- valaris.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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