Company data sheet · Valaris
Valaris: four lost years, and the economy wasn't the reason.
- Industry
- Drilling Oil & Gas Wells
- Headquarters
- United States
- Ticker
- VAL (NYSE)
- Sources
- SEC filings (1993–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. Valaris earned $0.9 billion in 2016–2016. Then it lost money every year from 2017 to 2020: $6 billion in all. 2022 was its first profit in five years: $0.2 billion.
- It wasn't the cycle. The losses began in 2017, a year the US economy grew 2.5%. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2025, its revenue shrank 15% in US dollars; the median among 77 large energy and mining companies grew 149%. It outgrew only 4% of them.
- Still smaller than it was. Revenue reached $2.4 billion in 2025, 15% below its 2016 peak of $2.8 billion.
- Leaders came and went. Valaris filed 32 leadership changes since 2016, more than 95% of large energy and mining companies (the median is 10). The day after each, its shares fell a median 0.7 points against its sector.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $2.8 billion | $0.9 billion | |
| 2017 | $1.8 billion | −$0.3 billion | |
| 2018 | $1.7 billion | −$0.6 billion | |
| 2019 | $2.1 billion | −$0.2 billion | |
| 2020 | $1.4 billion | −$4.9 billion | |
| 2022 | $1.6 billion | $0.2 billion | |
| 2023 | $1.8 billion | $0.9 billion | |
| 2024 | $2.4 billion | $0.4 billion | |
| 2025 | $2.4 billion | $1 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 70 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (8 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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