Valaris Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Valaris Limited (VAL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Valaris Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 2,214M vs 244,120M combined for tracked competitors (0.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-15.9% annualized vs trailing 12 months), vs decelerating (-3.0%) for its tracked peer group.
- Growth: Valaris Limited generated -25.0% revenue growth year over year in Q1 2026, vs -2.5% for its tracked competitors combined.
- Profitability: Its -3.9% net margin compares with 5.0% for the peer group.
- Scale: Valaris Limited ranks #3 of 15 companies by market capitalization in the Oil Well Services & Equipment industry, holding 14.7% of industry market cap.
- Peer revenue share: Valaris Limited accounted for 0.8% of combined revenue among its tracked peer group, down from 1.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.58M compares with $0.59M for the peer group (1.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
VAL Sales vs. its Competitors, Q1 2026
Valaris Limited reported revenue contraction of 25.02 % year on year in Q1 2026, below its competitors' combined revenue change of -2.54 %.
With a net margin of -3.87 %, Valaris Limited reported lower profitability than its competitors (4.98 %).
Valaris Limited generated 0.78 % of the combined sales of its peer group, down from 1.01 % a year earlier.
Valaris Limited vs. its Competitors, Q1 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Valaris Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Valaris Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Valaris Limited's competitor groups requires a Commercial License.
For context: the Oil Well Services & Equipment industry grew revenue -11.7% year over year, combined, vs -25.0% for Valaris Limited. Valaris Limited's share of combined industry revenue moved from 3.08% to 2.61%, a loss of 0.46 percentage points.
Valaris Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Valaris Limited | Yes | No | No | No |
| Competitors combined (36) | ||||
| Similar-Size Competitors (7) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) | 37.50 % (3 of 8) | 42.90 % (3 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
VAL Stock Performance relative to its Competitors
VAL Stock Performance relative to Similar-Size Competitors
VAL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Dupont De Nemours Inc | 282.9% | Outperformed |
| 2 | Nabors Industries Ltd | 282.9% | Outperformed |
| 3 | Patterson uti Energy Inc | 282.9% | Outperformed |
| 4 | Oceaneering International Inc | 282.9% | Outperformed |
| 5 | Helmerich and Payne inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Valaris Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Valaris Limited's Comment on Competition and Industry Peers
Competition in our Coatings segment is based on formulating products for specific customer applications, meeting customer delivery and application requirements, new technology offerings and pricing. As one of the worlds largest industrial coatings manufacturers, we can provide coatings solutions globally and are committed to developing new technologies.
Competition in our Paints segment is based on factors such as consumer brand recognition, product quality, distribution and price. In this segment, we support our brand awareness through advertising and highly customized merchandising and marketing support programs provided to our customers.
Publicly Traded Peers of Valaris Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Valaris Limited | 5,509.70 | 2,213.70 |
| The Sherwin williams Company | 81,866.34 | 24,409.20 |
| Illinois Tool Works Inc | 78,589.21 | 16,469.00 |
| Baker Hughes Company | 57,120.00 | 27,893.00 |
| Ecopetrol S a | 34,335.20 | 30,513.17 |
| Ppg Industries Inc | 24,013.04 | 16,121.00 |
| SUBTOTAL | 435,326.47 | 277,868.10 |
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Sources: Valaris Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Valaris Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Valaris Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Valaris Limited | Jackups 45.17 % |
| The Sherwin williams Company | Paint Stores Group 57.30 % |
| Illinois Tool Works Inc | Automotive OEM 20.42 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Ppg Industries Inc | Industrial Coatings 39.69 % |
| Lyondellbasell Industries N v | Olefins and Polyolefins - Americas 38.37 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Valaris Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Valaris Limited | 5,510 | 582,553 | 263,237 |
| The Sherwin williams Company | 81,866 | 379,916 | 41,840 |
| Illinois Tool Works Inc | 78,589 | 383,000 | 74,279 |
| Baker Hughes Company | 57,120 | 498,089 | 56,304 |
| Ecopetrol S a | 34,335 | 1,271,382 | 153,423 |
| Ppg Industries Inc | 24,013 | 370,598 | 36,759 |
| PEERS TOTAL | 429,817 | 590,249 | 23,389 |
Valaris Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| The Sherwin williams Company | Non-US 20.00 % |
| Ppg Industries Inc | North America 35.64 % |
| Dupont De Nemours Inc | United States 44.47 % |
| Rpm International Inc | US 68.55 % |
| Newmarket Corporation | United States 38.43 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Valaris Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 15 companies in Valaris Limited's industry classification, broader than the peer set above. Market cap in millions of $.Valaris Limited ranks #3 of 15 companies by market capitalization in its industry, holding 14.70 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,188, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Noble Corporation Plc | 6,807 | 17.55 % |
| 2 | Transocean ltd | 6,419 | 16.55 % |
| 3 | Valaris Limited | 5,700 | 14.70 % |
| 4 | Patterson uti Energy Inc | 4,154 | 10.71 % |
| 5 | Helmerich and Payne inc | 1,234 | 5.2% |
| 6 | Baytex Energy Corp | 1,234 | 5.2% |
| 7 | Seadrill Limited | 1,234 | 5.2% |
| 8 | Precision Drilling Corporation | 1,234 | 5.2% |
| 9 | Nabors Industries Ltd | 1,234 | 5.2% |
| 10 | Borr Drilling Limited | 1,234 | 5.2% |
Market cap and industry share for the rest of Valaris Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Valaris Limited's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Noble Corporation Plc | 6,807 | 47.10 % |
| 2 | Transocean ltd | 6,419 | 68.99 % |
| 3 | Valaris Limited | 5,700 | 60.50 % |
| 4 | Patterson uti Energy Inc | 1,234 | 12.3% |
| 5 | Helmerich and Payne inc | 1,234 | 12.3% |
| 6 | Baytex Energy Corp | 1,234 | 12.3% |
| 7 | Seadrill Limited | 1,234 | 12.3% |
| 8 | Precision Drilling Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Valaris Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Valaris Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil Well Services & Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 28.26 % | 36.50 % (avg) | -8.2 pp |
| Operating Margin | 15.99 % | industry median | +12.4 pp |
| EBITDA Margin | 27.33 % | 10.27 % (avg) | +17.1 pp |
| Capital Intensity (Capex / Revenue) | 15.55 % | 12.97 % (avg) | +2.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Valaris Limited's Valuation vs Competitive Position
Valuation multiples vs the Oil Well Services & Equipment industry average (31 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 5.5x | 16.5x | -11.0x |
| EV / EBITDA | 9.7x | 18.0x | -8.3x |
| P/B | 1.9x | 1.8x | +0.2x |
| Return on Equity | 35.99 % | industry aggregate | 43.17 % |
| Return on Invested Capital | 5.04 % | 1.13 % (avg) | 3.91 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Valaris Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -8.20 % | 19.91 % | 4.69 % | -66.43 % | 20.03 % | 11.34 % | 32.42 % | 0.27 % |
| Operating Margin | -13.78 % | -32.53 % | -302.88 % | -303.71 % | 5.57 % | 3.00 % | 14.91 % | 20.14 % |
| Return on Invested Capital | -1.07 % | -2.70 % | -25.51 % | -93.10 % | 2.01 % | 1.26 % | 6.05 % | 7.27 % |
| P/E | - | - | - | - | 16.4x | 28.4x | 4.1x | 3.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Valaris Limited's Strategic Group Map
Every company in Valaris Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Valaris Limited is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Valaris Limited's BCG Growth-Share Matrix
Relative market share (vs Valaris Limited's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Valaris Limited falls in the Dog quadrant: relative market share of 0.84x vs its largest competitor, in an industry growing revenue -6.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Valaris Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,188 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 15.55 % vs industry average 12.97 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Valaris Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Valaris Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Valaris Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Valaris Limited falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Valaris Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 12.4 points above the industry median.
- Return on equity 43.2 points above the industry aggregate.
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-15.9% annualized vs trailing 12 months).
Opportunities
- Trades at a lower P/E than the industry average (5.5x vs 16.5x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (35.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.0% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Valaris Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Valaris Limited | 0.82 | 1.75 | 0.39 |
| The Sherwin williams Company | 0.03 | 0.81 | 2.67 |
| Illinois Tool Works Inc | 0.17 | 1.24 | 2.93 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Ecopetrol S a | 0.11 | 0.54 | 0.95 |
| Ppg Industries Inc | 0.34 | 1.52 | 0.91 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Valaris Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Valaris Limited | Q1 2026 | -25.0 % | - |
| The Sherwin williams Company | Q2 2026 | +7.5 % | +11.8 % |
| Illinois Tool Works Inc | Q2 2026 | +6.1 % | +7.9 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Ecopetrol S a | Q4 2025 | -10.2 % | -21.9 % |
| Ppg Industries Inc | Q1 2026 | +6.7 % | +1.9 % |
| PEERS TOTAL | -2.3 % | +14.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Valaris Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Valaris Limited | Q1 2026 | -10.0 % | +0.7 % |
| The Sherwin williams Company | Q2 2026 | +8.0 % | -40.3 % |
| Illinois Tool Works Inc | Q2 2026 | -10.5 % | -8.9 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Ecopetrol S a | Q4 2025 | -5.1 % | +2.6 % |
| Ppg Industries Inc | Q1 2026 | +6.2 % | -6.2 % |
Valaris Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Valaris Limited | 20.20% | 23.60% | 35.99% |
| The Sherwin williams Company | 10.20% | 16.38% | 62.12% |
| Illinois Tool Works Inc | 19.64% | 26.49% | 101.72% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Ecopetrol S a | 5.12% | 7.30% | 13.53% |
| Ppg Industries Inc | 7.23% | 9.42% | 19.96% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Valaris Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Valaris Limited | 5.63 | 2.49 |
| The Sherwin williams Company | 30.73 | 3.35 |
| Illinois Tool Works Inc | 36.46 | 4.77 |
| Baker Hughes Company | 18.28 | 2.05 |
| Ecopetrol S a | 127.90 | 1.13 |
| Ppg Industries Inc | 15.29 | 1.49 |
| PEERS AVERAGE | 36.51 | 1.57 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.