RIG · Transocean Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | - | $1.03B | $988.00M | $906.00M | - | $948.00M | $861.00M | $763.00M | - |
| Cost of Revenue | $606.00M | - | $584.00M | $599.00M | $618.00M | - | $563.00M | $534.00M | $523.00M | - |
| Gross Profit | $475.00M | - | $444.00M | $389.00M | $288.00M | - | $385.00M | $327.00M | $240.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $49.00M | - | $46.00M | $49.00M | $50.00M | - | $47.00M | $59.00M | $52.00M | - |
| Total Operating Expenses | $798.00M | - | $791.00M | $823.00M | $844.00M | - | $800.00M | $777.00M | $760.00M | - |
| D&A | $143.00M | - | $161.00M | $175.00M | $176.00M | - | $190.00M | $184.00M | $185.00M | - |
| Operating Income | $287.00M | - | ($1.68B) | ($964.00M) | $64.00M | - | ($485.00M) | ($59.00M) | ($3.00M) | - |
| Interest Expense | $276.00M | - | $154.00M | $112.00M | $117.00M | - | $80.00M | $74.00M | $117.00M | - |
| Income Tax | ($54.00M) | - | $26.00M | ($155.00M) | $39.00M | - | ($31.00M) | $156.00M | ($191.00M) | - |
| Net Income | $71.00M | - | ($1.92B) | ($938.00M) | ($79.00M) | - | ($494.00M) | ($123.00M) | $98.00M | - |
| EPS - Basic | $0.06 | - | ($2.00) | ($1.06) | ($0.09) | - | ($0.56) | ($0.15) | $0.12 | - |
| EPS - Diluted | $0.06 | - | ($2.00) | ($1.06) | ($0.11) | - | ($0.58) | ($0.15) | $0.11 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $330.00M | $620.00M | $833.00M | $377.00M | $263.00M | $560.00M | $435.00M | $475.00M | $446.00M | $762.00M |
| Accounts Receivable | $638.00M | $540.00M | $574.00M | $577.00M | $551.00M | $564.00M | $594.00M | $607.00M | $585.00M | $512.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $229.00M | $242.00M | $232.00M | $253.00M | $273.00M | $255.00M | $255.00M | $296.00M | $301.00M | $323.00M |
| Current Assets | $1.77B | $2.08B | $2.42B | $2.00B | $2.20B | $2.45B | $2.34B | $2.13B | $1.87B | $2.13B |
| Total Assets | $15.15B | $15.64B | $16.17B | $17.81B | $19.02B | $19.37B | $19.51B | $20.32B | $19.94B | $20.25B |
| Current Liabilities | $1.15B | $1.34B | $2.23B | $1.58B | $1.66B | $1.66B | $1.43B | $1.57B | $1.39B | $1.40B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $8.19B | $8.11B | $8.08B | $9.35B | $10.21B | $10.28B | $10.23B | $10.71B | $10.52B | $10.41B |
| Retained Earnings | ($7.39B) | ($7.46B) | ($7.49B) | ($5.56B) | ($4.62B) | ($4.54B) | ($4.55B) | ($4.06B) | ($3.94B) | ($4.03B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $164.00M | - | - | - | $26.00M | - | - | - | ($86.00M) | - |
| Investing Cash Flow | $10.00M | - | - | - | ($58.00M) | - | - | - | ($41.00M) | - |
| Financing Cash Flow | ($556.00M) | - | - | - | ($218.00M) | - | - | - | ($152.00M) | - |
| CapEx | $28.00M | - | - | - | $60.00M | - | - | - | $83.00M | - |
| Free Cash Flow | $136.00M | - | - | - | ($34.00M) | - | - | - | ($169.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 43.9% | - | 43.2% | 39.4% | 31.8% | - | 40.6% | 38.0% | 31.5% | - |
| Operating margin | 26.5% | - | -163.1% | -97.6% | 7.1% | - | -51.2% | -6.9% | -0.4% | - |
| EBITDA margin | 39.8% | - | -147.5% | -79.9% | 26.5% | - | -31.1% | 14.5% | 23.9% | - |
| Net margin | 6.6% | - | -187.1% | -94.9% | -8.7% | - | -52.1% | -14.3% | 12.8% | - |
| Free cash flow margin | 12.6% | - | - | - | -3.8% | - | - | - | -22.1% | - |
| FCF / Net income | 1.92 | - | - | - | 0.43 | - | - | - | -1.72 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 4.5% | - | 4.5% | 5.0% | 5.5% | - | 5.0% | 6.9% | 6.8% | - |
| Effective tax rate | -317.6% | - | - | - | - | - | - | 472.7% | - | - |
| Return on assets | 0.5% | - | -11.9% | -5.3% | -0.4% | - | -2.5% | -0.6% | 0.5% | - |
| Return on equity | 0.9% | - | -23.8% | -10.0% | -0.8% | - | -4.8% | -1.1% | 0.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.54 | 1.56 | 1.08 | 1.26 | 1.33 | 1.47 | 1.64 | 1.36 | 1.35 | 1.52 |
| Quick ratio | 1.54 | 1.56 | 1.08 | 1.26 | 1.33 | 1.47 | 1.64 | 1.36 | 1.35 | 1.52 |
| Cash ratio | 0.29 | 0.46 | 0.37 | 0.24 | 0.16 | 0.34 | 0.30 | 0.30 | 0.32 | 0.55 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 1.0x | - | -10.9x | -8.6x | 0.5x | - | -6.1x | -0.8x | -0.0x | - |
| Equity multiplier | 1.85 | 1.93 | 2.00 | 1.90 | 1.86 | 1.88 | 1.91 | 1.90 | 1.89 | 1.94 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.06 | 0.06 | 0.05 | - | 0.05 | 0.04 | 0.04 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 215d | - | 204d | 213d | 222d | - | 229d | 257d | 280d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 138d | - | 145d | 154d | 161d | - | 165d | 202d | 210d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 110.5x | - | - | - | - | - | - | - | 57.1x | - |
| P / B | 0.9x | - | 0.4x | 0.2x | 0.3x | - | 0.4x | 0.0x | 0.6x | - |
| P / S | 6.9x | - | 2.9x | 2.3x | 3.4x | - | 4.3x | 0.0x | 7.9x | - |
| EV / EBITDA | 16.6x | - | - | - | 11.6x | - | - | -3.8x | 30.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.3% | - | 8.4% | 14.8% | 18.7% | - | 33.0% | 18.1% | 17.6% | - |
| Revenue CAGR (3y) | 18.5% | - | 14.2% | 12.6% | 15.6% | - | 14.8% | 9.5% | 5.3% | - |
| Revenue CAGR (5y) | 10.6% | - | 5.9% | 1.2% | 3.6% | - | 3.9% | 2.6% | 0.2% | - |
| Gross profit growth (YoY) | 64.9% | - | 15.3% | 19.0% | 20.0% | - | 103.7% | 33.5% | 0.0% | - |
| Operating income growth (YoY) | 348.4% | - | -245.8% | -1533.9% | - | - | -781.8% | -40.5% | 98.1% | - |
| Net income growth (YoY) | - | - | -289.3% | -662.6% | - | - | -124.5% | 25.5% | - | - |
| EPS growth (YoY) | - | - | -244.8% | -606.7% | - | - | -107.1% | 31.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 79.9% | - | - | - | -32.0% | - |
| FCF CAGR (5y) | 29.7% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -19.8% | -21.2% | -21.0% | -12.7% | -3.0% | -1.3% | -0.9% | 2.9% | 1.9% | -3.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.27B totalUltra Deepwater Floaters$1.64B · 71.9%
Harsh Environment Floaters$639.00M · 28.1%
Geographic
$3.96B totalUS$1.64B · 41.2%
BR$872.00M · 22.0%
Other Geographical$819.00M · 20.7%
NO$639.00M · 16.1%
Peer comparison
Same SIC group: Drilling Oil & Gas Wells
Comparing Transocean Ltd. against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 21, 2015 | $0.1500 |
| May 27, 2015 | $0.1500 |
| Feb 18, 2015 | $0.7500 |
| Nov 12, 2014 | $0.7500 |
| Aug 20, 2014 | $0.7500 |
| May 28, 2014 | $0.7500 |
| Feb 19, 2014 | $0.5600 |
| Nov 13, 2013 | $0.5600 |
| Aug 21, 2013 | $0.5600 |
| May 29, 2013 | $0.5600 |
| Feb 22, 2012 | $0.7900 |
| Nov 22, 2011 | $0.7900 |
| Aug 24, 2011 | $0.7900 |
| May 18, 2011 | $0.7900 |
| Nov 27, 2007 | $33.0300 |
| May 28, 2002 | $0.0429 |
| Feb 27, 2002 | $0.0429 |
| Nov 28, 2001 | $0.0429 |
| Aug 29, 2001 | $0.0429 |
| May 30, 2001 | $0.0429 |
| Feb 28, 2001 | $0.0429 |
| Nov 29, 2000 | $0.0429 |
| Aug 30, 2000 | $0.0429 |
| May 31, 2000 | $0.0429 |