Operating Segments was Valaris’s largest segment in fiscal 2025, bringing in $3.78B of $2.07B (183%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | $2.23B | $2.85B | $4.32B | $3.78B | ||||||
| Segment Reporting, Reconciling Item, Corporate Nonsegment | -$1.38B | -$1.49B | -$1.54B | -$1.71B | ||||||
| Corporate, Non-Segment | — | — | — | — | ||||||
| Total | $854.10M | $1.36B | $2.78B | $2.07B |
Valaris brought in $2.07B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 25.7% from $2.78B in fiscal 2024. Operating Segments was the largest at $3.78B (182.8%).
From fiscal 2022 to 2025, combined revenue from these segments grew from $854.10M to $2.07B, a compound annual growth rate of 34.3%. Operating Segments' share of the total fell from 261.4% to 182.8%.
The total is net of Segment Reporting, Reconciling Item, Corporate Nonsegment, which took $1.71B off revenue in fiscal 2025.
Us Gulf Of Mexico was Valaris’s largest region in fiscal 2024, bringing in $1.84B of $4.76B (39%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2021 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Countries | — | — | — | — | — | ||||||||||
| United States | — | — | — | — | — | ||||||||||
| Other Geographic Areas | $164.10M | $337.20M | $1.29B | $1.01B | $985.80M | ||||||||||
| Us Gulf Of Mexico | $223.20M | $329.70M | $692.70M | $662.70M | $1.84B | ||||||||||
| Brazil | — | $115.80M | $334.50M | $585.00M | — | ||||||||||
| Angola | $61.50M | $58.20M | $235.50M | $632.70M | $590.10M | ||||||||||
| United Kingdom | $227.10M | $555.60M | $793.50M | $801.60M | — | ||||||||||
| Australia (2) | — | — | — | $471.00M | $1.35B | ||||||||||
| Australia | $3.00M | $226.50M | $339.00M | — | — | ||||||||||
| Saudi Arabia | $160.50M | $276.90M | — | — | — | ||||||||||
| Egypt | — | — | — | — | — | ||||||||||
| Mexico | $132.90M | $233.40M | — | — | — | ||||||||||
| Norway | $219.90M | $371.70M | — | — | — | ||||||||||
| Total | $1.19B | $2.51B | $3.68B | $4.16B | $4.76B |
Valaris brought in $4.76B from its four regions in fiscal 2024, the year ended December 31, 2024. Valaris regrouped these regions after fiscal 2023, so the total does not compare directly with that year's $4.16B. Us Gulf Of Mexico was the largest at $1.84B (38.6%), ahead of Australia (2) at $1.35B (28.3%) and Other Geographic Areas at $985.80M (20.7%). The remaining region, Angola, brought in $590.10M.
Compared with fiscal 2023, Australia (2) grew fastest, up 185.7% to $1.35B, while Angola fell the most, down 6.7% to $590.10M.
Valaris began breaking out Australia (2) in fiscal 2023, when it brought in $471.00M. Valaris stopped reporting United Kingdom ($801.60M in fiscal 2023), Brazil ($585.00M in fiscal 2023), Norway ($371.70M in fiscal 2021) and three others as separate regions.
Asia Pacific was Valaris’s largest segment in fiscal 2008, bringing in $2.61B of $6.73B (39%).
| Segment Reporting Information, by Segment | FY 2008 |
|---|---|
| Asia Pacific | $2.61B |
| Europe & Africa | $2.41B |
| North & South America | $1.45B |
| Deepwater | $253.20M |
| Total | $6.73B |
Valaris brought in $6.73B from its four segments in fiscal 2008, the year ended December 31, 2008. Asia Pacific was the largest at $2.61B (38.8%), ahead of Europe & Africa at $2.41B (35.9%) and North & South America at $1.45B (21.6%). The remaining segment, Deepwater, brought in $253.20M.
Valaris (VAL) reports its revenue by segment, by geography and by segment reporting information, by segment. In fiscal 2025, Operating Segments was its largest segment, bringing in $3.78B (182.8% of the total).
Operating Segments was Valaris' largest segment in fiscal 2025, bringing in $3.78B, or 182.8% of the $2.07B total across its two segments.
Us Gulf Of Mexico was Valaris' largest region in fiscal 2024, bringing in $1.84B, or 38.6% of the $4.76B total across its four regions.
Every figure comes from Valaris' annual financial filings, as reported. Each line keeps the name Valaris gives it, and years follow its fiscal calendar.
Valaris' revenue by segment goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.