Valaris (VAL)
Market Price (2/20/2026): $91.75 | Market Cap: $6.5 BilSector: Energy | Industry: Oil & Gas Drilling
Valaris (VAL)
Market Price (2/20/2026): $91.75Market Cap: $6.5 BilSector: EnergyIndustry: Oil & Gas Drilling
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1% | Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% | Stock price has recently run up significantly6M Rtn6 month market price return is 100%, 12M Rtn12 month market price return is 116% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% | Weak multi-year price returns3Y Excs Rtn is -49% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.4% |
| Megatrend and thematic driversMegatrends include Global Energy Supply & Security. Themes include Offshore Oil & Gas Drilling, and Deepwater Energy Solutions. | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 92% | |
| Key risksVAL key risks include [1] a projected drop in near-term revenues and Adjusted EBITDA due to fewer operating days as existing contracts conclude without immediate follow-on work. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Megatrend and thematic driversMegatrends include Global Energy Supply & Security. Themes include Offshore Oil & Gas Drilling, and Deepwater Energy Solutions. |
| Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% |
| Weak multi-year price returns3Y Excs Rtn is -49% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 100%, 12M Rtn12 month market price return is 116% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.4% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 92% |
| Key risksVAL key risks include [1] a projected drop in near-term revenues and Adjusted EBITDA due to fewer operating days as existing contracts conclude without immediate follow-on work. |
Qualitative Assessment
AI Analysis | Feedback
1. Acquisition by Transocean: Valaris announced an all-stock transaction to be acquired by Transocean, valued at approximately $5.8 billion. This merger, announced in February 2026, is expected to deliver meaningful value to Valaris shareholders, who will own roughly 47% of the combined entity and benefit from associated synergies and the opportunity to participate in the future upside potential of the consolidated company. This strategic move positions the combined company to capitalize on an emerging, multi-year offshore drilling upcycle.
2. Significant Contract Backlog Growth: Valaris secured nearly $900 million of new contract backlog since its third-quarter 2025 report, increasing its total contract backlog to approximately $4.7 billion. Key awards include a multi-year contract for the drillship VALARIS DS-8 with Shell in Brazil valued at about $300 million, a five-well extension for VALARIS DS-7 in Angola adding approximately $125 million, and a two-year extension for VALARIS DS-9 with an ExxonMobil affiliate. The company aims to have all ten of its active drillships working as it enters 2027, signaling strong future utilization and revenue visibility.
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Stock Movement Drivers
Fundamental Drivers
The 64.8% change in VAL stock from 10/31/2025 to 2/19/2026 was primarily driven by a 64.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.12 | 92.49 | 64.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,416 | 2,416 | 0.0% |
| Net Income Margin (%) | 16.5% | 16.5% | 0.0% |
| P/E Multiple | 9.9 | 16.4 | 64.8% |
| Shares Outstanding (Mil) | 71 | 71 | 0.0% |
| Cumulative Contribution | 64.8% |
Market Drivers
10/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VAL | 64.8% | |
| Market (SPY) | 0.4% | 23.7% |
| Sector (XLE) | 25.2% | 38.0% |
Fundamental Drivers
The 90.2% change in VAL stock from 7/31/2025 to 2/19/2026 was primarily driven by a 47.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.63 | 92.49 | 90.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,463 | 2,416 | -1.9% |
| Net Income Margin (%) | 11.2% | 16.5% | 47.7% |
| P/E Multiple | 12.6 | 16.4 | 30.6% |
| Shares Outstanding (Mil) | 71 | 71 | 0.6% |
| Cumulative Contribution | 90.2% |
Market Drivers
7/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VAL | 90.2% | |
| Market (SPY) | 8.6% | 28.8% |
| Sector (XLE) | 27.6% | 43.5% |
Fundamental Drivers
The 92.9% change in VAL stock from 1/31/2025 to 2/19/2026 was primarily driven by a 407.5% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.94 | 92.49 | 92.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,262 | 2,416 | 6.8% |
| Net Income Margin (%) | 47.5% | 16.5% | -65.2% |
| P/E Multiple | 3.2 | 16.4 | 407.5% |
| Shares Outstanding (Mil) | 72 | 71 | 2.4% |
| Cumulative Contribution | 92.9% |
Market Drivers
1/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VAL | 92.9% | |
| Market (SPY) | 14.7% | 47.3% |
| Sector (XLE) | 29.0% | 61.6% |
Fundamental Drivers
The 27.3% change in VAL stock from 1/31/2023 to 2/19/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 72.64 | 92.49 | 27.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 2,416 | 0.0% |
| Net Income Margin (%) | � | 16.5% | 0.0% |
| P/E Multiple | � | 16.4 | 0.0% |
| Shares Outstanding (Mil) | 75 | 71 | 6.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2023 to 2/19/2026| Return | Correlation | |
|---|---|---|
| VAL | 27.3% | |
| Market (SPY) | 74.7% | 41.4% |
| Sector (XLE) | 34.7% | 61.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VAL Return | 52% | 88% | 1% | -35% | 14% | 81% | 284% |
| Peers Return | 16% | 70% | 40% | -34% | -0% | 44% | 165% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| VAL Win Rate | 62% | 58% | 33% | 33% | 67% | 100% | |
| Peers Win Rate | 46% | 67% | 50% | 35% | 60% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VAL Max Drawdown | -13% | 0% | -19% | -40% | -35% | 0% | |
| Peers Max Drawdown | -16% | -6% | -7% | -40% | -48% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NE, RIG, SDRL, BORR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/19/2026 (YTD)
How Low Can It Go
| Event | VAL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.7% | -25.4% |
| % Gain to Breakeven | 60.5% | 34.1% |
| Time to Breakeven | 103 days | 464 days |
Compare to NE, RIG, SDRL, BORR
In The Past
Valaris's stock fell -37.7% during the 2022 Inflation Shock from a high on 6/1/2022. A -37.7% loss requires a 60.5% gain to breakeven.
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About Valaris (VAL)
AI Analysis | Feedback
Here are 1-3 brief analogies for Valaris (VAL):
- Like a highly specialized United Rentals, focused exclusively on leasing massive offshore oil drilling rigs and their crews.
- Think Delta Airlines, but their 'fleet' consists of specialized offshore drilling rigs that extract oil and gas from the ocean floor.
- Imagine Maersk, but instead of shipping containers, their enormous vessels are mobile platforms that drill for oil and gas offshore.
AI Analysis | Feedback
- Drillship Services: Valaris provides and operates ultra-deepwater drillships, along with associated crew and equipment, for customers to explore, develop, and produce offshore oil and natural gas wells.
- Semi-submersible Services: Valaris offers and operates deepwater semi-submersible rigs, including personnel and drilling equipment, for clients to drill oil and gas wells in deep offshore environments.
- Jackup Rig Services: Valaris supplies and operates jackup rigs, complete with crews and necessary equipment, for offshore oil and gas drilling operations in shallow to mid-water environments.
AI Analysis | Feedback
Valaris (VAL) sells primarily to other companies.
Its major customers for the year ended December 31, 2023, which individually accounted for 10% or more of its total revenues, were:
- Saudi Arabian Oil Co. (Saudi Aramco) - Symbol: 2222.SR
- BP p.l.c. - Symbol: BP
Valaris's customer base generally consists of large, multinational oil and gas companies and national oil companies.
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Anton Dibowitz, President and Chief Executive Officer
Anton Dibowitz became President and Chief Executive Officer of Valaris in December 2021, after serving as interim President and CEO since September 2021. Prior to Valaris, he was an advisor for Seadrill Ltd. from November 2020 to March 2021, and served as its Chief Executive Officer from July 2017 to October 2020. He also held roles as Executive Vice President of Seadrill Management and Chief Commercial Officer at Seadrill. Before joining Seadrill, Mr. Dibowitz held various positions in tax, process reengineering, and marketing at Transocean Ltd. and Ernst & Young LLP. He is a Certified Public Accountant.
Chris Weber, Senior Vice President and Chief Financial Officer
Chris Weber became the Senior Vice President and Chief Financial Officer of Valaris in August 2022. Previously, he served as Chief Financial Officer of LUFKIN Industries, Abaco Drilling Technologies, Halliburton, and Parker Drilling Company. LUFKIN Industries was acquired by Aspen Private Equity in 2018. He also held senior finance roles at Valaris's predecessor companies, Ensco and Pride International.
Gilles Luca, Senior Vice President and Chief Operating Officer
Gilles Luca became Senior Vice President and Chief Operating Officer of Valaris in December 2019. His prior roles at Ensco (a Valaris predecessor) include Senior Vice President - Operations Support, Senior Vice President - Western Hemisphere, Vice President - Business Development and Strategic Planning, Vice President - Brazil Business Unit, and General Manager - Europe and Africa. He also worked for Foramer Drilling and Schlumberger.
Matt Lyne, Senior Vice President and Chief Commercial Officer
Matt Lyne was appointed Senior Vice President and Chief Commercial Officer of Valaris in September 2022. He previously served as Executive Vice President, Chief Commercial and Strategy Officer of Seadrill Limited, where he spent over 12 years in various senior marketing and commercial roles. Before Seadrill, he held several senior operational and functional roles with Transocean Ltd. Mr. Lyne has more than 20 years of offshore drilling experience.
Davor Vukadin, Senior Vice President and General Counsel
Davor Vukadin was appointed Senior Vice President, General Counsel and Secretary in May 2022. Before this, he served as Associate General Counsel and Secretary, and Associate General Counsel and Assistant Secretary for Valaris. He joined Valaris as Senior Counsel in 2014. Prior to joining Valaris, Mr. Vukadin practiced corporate and securities law for thirteen years with the law firm of Norton Rose Fulbright.
AI Analysis | Feedback
The key risks to Valaris's business operations include:
- Market Volatility and Economic Conditions: Valaris operates in an industry highly susceptible to economic downturns and fluctuations in financial markets, which can lead to slowdowns in contracting activity, deferral of customer demand, and downward pressure on day rates, directly impacting revenue streams. Near-term financial projections indicate a drop in expected total revenues and Adjusted EBITDA, primarily due to fewer operating days as existing contracts conclude without immediate follow-on work. The company's liquidity is significantly tied to the cyclical nature of the offshore drilling market and its ability to secure long-term contracts. Furthermore, the offshore drilling sector anticipates a potential decrease in rig demand and utilization in the near future.
- Regulatory and Environmental Risks: Valaris is exposed to risks stemming from governmental regulatory changes, environmental liabilities, and the broader global energy transition. Adhering to new environmental regulations and adapting to the evolving energy landscape may necessitate substantial investments and operational adjustments, potentially affecting the company's profitability. Regulations that limit or restrict exploration and development drilling for oil and natural gas can directly impact Valaris's operations. Public opposition due to environmental concerns also poses a challenge to new offshore lease sales.
- Operational and Contractual Risks: The nature of offshore drilling involves inherent operational risks such as delays in contract commencement, or the cancellation, suspension, renegotiation, or termination of drilling contracts and programs. These issues can arise from various factors, including general economic conditions, mechanical failures, performance problems, delays in the delivery of critical drilling equipment, or a customer's inability to secure final investment decisions for projects. Additionally, severe weather events like storms and hurricanes, as well as limited availability of resources, can lead to drilling limitations and operational delays.
AI Analysis | Feedback
The clear emerging threat for Valaris (VAL) is the accelerating global energy transition and decarbonization efforts.
Valaris operates as an offshore drilling contractor, providing rigs and services exclusively for oil and gas exploration and production. As global efforts to combat climate change intensify, there is a significant and accelerating shift away from fossil fuels towards renewable energy sources. This trend poses a direct threat to Valaris's core business model through several mechanisms:
- Reduced Demand from Customers: Valaris's primary customers, major international and national oil and gas companies, are increasingly facing pressure from investors, governments, and the public to set net-zero emissions targets, reduce their carbon footprint, and divest from certain fossil fuel assets. Many are actively redirecting capital expenditures towards renewable energy projects and away from high-cost, long-lead-time offshore exploration and development. This will likely lead to a structural decline in the long-term demand for Valaris's offshore drilling services.
- Restricted Financing: A growing number of financial institutions, including banks, asset managers, and insurers, are implementing policies to restrict or cease financing for new fossil fuel projects, particularly in environmentally sensitive or high-carbon-intensity regions. This could make it more challenging for Valaris's customers to fund new offshore developments and, indirectly, for Valaris itself to secure capital for fleet upgrades or expansion, or even refinance existing debt, if perceived as a pure-play fossil fuel enabler.
- Government Policies and Regulation: Governments worldwide are enacting policies, incentives, and regulations aimed at accelerating renewable energy adoption and reducing greenhouse gas emissions. These measures indirectly diminish the long-term economic attractiveness and demand for new oil and gas discoveries, particularly those requiring significant upfront investment like deepwater offshore projects.
This threat is not speculative; it is evidenced by the strategic shifts of major oil companies, evolving financial market trends, and accelerating global policy changes, all pointing towards a potential long-term contraction in the market for offshore oil and gas exploration and production services.
AI Analysis | Feedback
```htmlValaris (VAL) primarily operates in the offshore drilling services market, providing drillships, semi-submersible rigs (both categorized as floaters), and jackup rigs to the international oil and gas industry.
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Global Offshore Drilling Market: The global offshore drilling market was valued at approximately USD 39.61 billion in 2024 and is projected to reach around USD 86.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 8.07% from 2025 to 2034.
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Global Floaters Market (within Floating Production Systems): The global floating production systems market, which includes floaters like drillships and semi-submersibles, was estimated at USD 66.60 billion in 2025 and is expected to reach USD 107.65 billion by 2030, at a CAGR of 10.08%.
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Global Jackup Rigs Market: The global jackup rigs market was valued at USD 3.4 billion in 2024 and is expected to reach USD 4.6 billion by 2030, with a CAGR of 4.9%. Other estimates indicate the global jackup rigs market was valued at USD 2.89 billion in 2023 and is poised to grow to USD 4.48 billion by 2032, at a CAGR of 5.0%.
AI Analysis | Feedback
Valaris (VAL) is anticipated to experience revenue growth over the next two to three years driven by several key factors in the offshore drilling market.
- Increasing Demand for Offshore Drilling, Particularly in Deepwater: Valaris projects significant growth in global offshore drilling demand, especially within the deepwater segment, through 2026-2028. This surge is fueled by increased exploration and production activities as offshore production continues to be vital for meeting global energy needs. Valaris is strategically positioned in high-demand deepwater regions such as the U.S. Gulf of Mexico, Brazil, and West Africa, often referred to as the "Golden Triangle."
- Securing New Long-Term Contracts and Growing Backlog: The company has demonstrated a strong ability to secure new, attractive, and often long-term contracts and contract extensions for its high-specification fleet. As of July 24, 2025, Valaris reported a contract backlog of approximately $4.7 billion, marking its highest in a decade, which provides significant revenue visibility for future years. Recent contract additions, including multi-year deals for drillships in the U.S. Gulf of Mexico and offshore West Africa, contribute substantially to this growing backlog.
- Rising Day Rates and High Utilization of High-Specification Rigs: Increased demand for high-specification drilling assets, coupled with a structural undersupply of offshore rigs, is leading to rising average daily revenue rates. Valaris has observed increasing average daily revenue rates for both its drillship and jackup fleets since the third quarter of 2023. The company expects drillship utilization rates to exceed 90% by the end of 2026, indicating strong operational demand for its modern fleet.
- Expansion of ARO Drilling Joint Venture: Valaris's 50/50 joint venture with Saudi Aramco, ARO Drilling, is a significant future revenue driver. ARO Drilling has plans to substantially expand its rig fleet, aiming to add 20 rigs over the next decade and potentially growing to over 30 rigs by 2035. This expansion is expected to contribute considerable EBITDA growth to Valaris.
- Strategic Fleet Management and Reactivations: Valaris is actively managing its fleet to optimize value, which includes reactivating cold-stacked rigs to capitalize on the improving market conditions and rising demand for offshore drilling services. This strategic approach, alongside the disciplined divestiture of older assets, ensures that Valaris maintains a high-quality, competitive fleet capable of securing lucrative contracts.
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Share Repurchases
- In 2023, Valaris repurchased $200 million of shares.
- The share repurchase authorization was increased from $300 million to $600 million in February 2024.
- Valaris repurchased $75 million of shares in Q3 2025.
Share Issuance
- Valaris emerged from Chapter 11 bankruptcy in May 2021, undergoing a financial restructuring that significantly reduced debt by over $7 billion, which involved a substantial recapitalization and likely issuance of new equity to creditors.
- The number of outstanding shares decreased from 75.2 million in 2022 to 71.1 million in 2025, indicating a net reduction rather than significant new issuance over this period.
Inbound Investments
- Valaris underwent a Chapter 11 financial restructuring in 2020-2021, emerging with debt reduced by over $7 billion. This process fundamentally recapitalized the company by converting debt to equity for existing creditors.
Outbound Investments
- The company completed the sale of jackup VALARIS 75 for $24 million in Q1 2025.
- Valaris received over $100 million in net proceeds from the sale of Valaris 247 in Q3 2025.
Capital Expenditures
- Capital expenditures in the last 12 months (as of late 2024/early 2025) totaled approximately $348.90 million.
- Expected capital expenditures for full-year 2025 are projected to range from $350 million to $390 million.
- The primary focus for 2025 capital expenditures includes $225 million for maintenance and upgrade work, special periodic surveys, and contract-specific upgrades for rigs such as VALARIS 144, DS-17, and DS-4.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Valaris Stock (+34%): Transocean Merger Ignites Arbitrage Frenzy | 02/10/2026 | |
| Is Valaris Stock Built to Withstand More Downside? | 10/17/2025 | |
| Valaris vs Cal-Maine Foods: Which Is A Better Investment? | 08/18/2025 | |
| Valaris vs Noble: Which Is A Better Investment? | 08/18/2025 | |
| How Does Valaris Stock Stack Up Against Its Peers? | 08/13/2025 | |
| VAL Dip Buy Analysis | 07/10/2025 | |
| Valaris (VAL) Valuation Ratios Comparison | 05/15/2025 | |
| Time To Buy Valaris Stock? | 02/28/2025 | |
| Valaris (VAL) Operating Cash Flow Comparison | 02/17/2025 | |
| Valaris (VAL) Net Income Comparison | 02/16/2025 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 11/12/2025 | |
| Big Decline for SLB, but Do VAL’s Margins and Growth Give It the Edge? | 07/19/2025 |
Trade Ideas
Select ideas related to VAL.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 50.3% | 50.3% | -2.1% |
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 38.7% | 38.7% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 31.4% | 31.4% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 28.3% | 28.3% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 55.6% | 55.6% | -0.7% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 44.71 |
| Mkt Cap | 6.1 |
| Rev LTM | 2,416 |
| Op Inc LTM | 515 |
| FCF LTM | 250 |
| FCF 3Y Avg | -31 |
| CFO LTM | 599 |
| CFO 3Y Avg | 407 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.8% |
| Rev Chg 3Y Avg | 25.4% |
| Rev Chg Q | 2.5% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 14.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 20.1% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 10.3% |
| FCF/Rev 3Y Avg | -2.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.1 |
| P/S | 2.0 |
| P/EBIT | 8.9 |
| P/E | 22.8 |
| P/CFO | 10.1 |
| Total Yield | 5.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -1.0% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 41.6% |
| 3M Rtn | 65.6% |
| 6M Rtn | 100.3% |
| 12M Rtn | 84.9% |
| 3Y Rtn | 7.7% |
| 1M Excs Rtn | 40.7% |
| 3M Excs Rtn | 53.0% |
| 6M Excs Rtn | 102.0% |
| 12M Excs Rtn | 67.2% |
| 3Y Excs Rtn | -62.0% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 |
|---|---|---|
| Floaters | 949 | 700 |
| Jackups | 660 | 744 |
| Aramco Rowan Offshore Drilling Company (ARO) | 497 | 460 |
| Other | 176 | 158 |
| Reconciling Items | -497 | -460 |
| Total | 1,784 | 1,602 |
| $ Mil | 2024 | 2023 |
|---|---|---|
| Jackups | 102 | 169 |
| Other | 96 | 77 |
| Floaters | 81 | -30 |
| Aramco Rowan Offshore Drilling Company (ARO) | 43 | 36 |
| Reconciling Items | -268 | -214 |
| Total | 54 | 37 |
Price Behavior
| Market Price | $92.49 | |
| Market Cap ($ Bil) | 6.5 | |
| First Trading Date | 05/03/2021 | |
| Distance from 52W High | -3.6% | |
| 50 Days | 200 Days | |
| DMA Price | $59.81 | $51.14 |
| DMA Trend | up | up |
| Distance from DMA | 54.7% | 80.9% |
| 3M | 1YR | |
| Volatility | 87.4% | 66.1% |
| Downside Capture | 26.78 | 105.22 |
| Upside Capture | 326.88 | 172.21 |
| Correlation (SPY) | 24.3% | 47.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.31 | 1.08 | 1.00 | 1.31 | 1.57 | 1.33 |
| Up Beta | -0.16 | -0.34 | 0.97 | 1.88 | 1.44 | 1.18 |
| Down Beta | -0.16 | 0.80 | 0.84 | 1.51 | 2.17 | 1.89 |
| Up Capture | 222% | 146% | 115% | 130% | 147% | 86% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 20 | 33 | 66 | 127 | 381 |
| Down Capture | -71% | 167% | 106% | 86% | 116% | 106% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 21 | 28 | 59 | 123 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VAL | |
|---|---|---|---|---|
| VAL | 101.4% | 66.3% | 1.31 | - |
| Sector ETF (XLE) | 24.0% | 25.2% | 0.81 | 61.9% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 47.6% |
| Gold (GLD) | 71.2% | 25.5% | 2.08 | 15.7% |
| Commodities (DBC) | 7.3% | 16.9% | 0.25 | 48.8% |
| Real Estate (VNQ) | 6.4% | 16.7% | 0.20 | 35.3% |
| Bitcoin (BTCUSD) | -30.2% | 44.9% | -0.66 | 24.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VAL | |
|---|---|---|---|---|
| VAL | 30.6% | 50.3% | 0.73 | - |
| Sector ETF (XLE) | 24.6% | 26.4% | 0.84 | 63.7% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 39.2% |
| Gold (GLD) | 22.0% | 17.1% | 1.05 | 16.1% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 49.5% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 27.7% |
| Bitcoin (BTCUSD) | 6.9% | 57.1% | 0.34 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VAL | |
|---|---|---|---|---|
| VAL | 14.3% | 50.3% | 0.73 | - |
| Sector ETF (XLE) | 11.8% | 29.6% | 0.43 | 63.7% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 39.2% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 16.1% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 49.5% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 27.7% |
| Bitcoin (BTCUSD) | 67.7% | 66.7% | 1.07 | 16.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/19/2026 | |||
| 10/29/2025 | 2.2% | -5.9% | 2.0% |
| 7/30/2025 | -0.1% | -1.1% | 0.9% |
| 4/30/2025 | 10.0% | 12.3% | 16.4% |
| 2/19/2025 | 4.1% | -13.3% | -5.7% |
| 10/30/2024 | 3.7% | 7.1% | -5.3% |
| 7/31/2024 | -6.4% | -20.1% | -23.1% |
| 5/2/2024 | 1.5% | 14.9% | 20.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 9 |
| # Negative | 8 | 11 | 9 |
| Median Positive | 3.9% | 3.3% | 13.1% |
| Median Negative | -3.3% | -3.0% | -5.3% |
| Max Positive | 10.0% | 14.9% | 20.8% |
| Max Negative | -9.0% | -20.1% | -23.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 09/30/2021 | 11/02/2021 | 10-Q |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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