Seadrill Financials
Seadrill (SDRL) reported $1.4B in revenue for fiscal year 2025, up 3.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Near-flat revenue hid a sharp break in cash-backed profitability, shifting Seadrill from net cash to modest net debt.
From FY2024 to FY2025, revenue stayed near$1.4B while operating margin fell to3.3% . Operating cash flow also turned negative at-$28M after a positive FY2024, showing the earnings setback was mirrored in cash rather than offset by working-capital timing, so reported profit stopped converting into liquidity.
FY2025 still produced
Short-term liquidity remains intact, with a current ratio of 2.0x. But cash relative to debt weakened to
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Seadrill's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Seadrill, and counted as zero in the overall score.
Seadrill scores 2.45, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($2.9B) relative to total liabilities ($1.1B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Seadrill passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Seadrill reported a net loss of $77.0M while operations used $28.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Seadrill earns $0.77 in operating income for every $1 of interest expense ($47.0M vs $61.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Seadrill generated $1.4B in revenue in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Seadrill's EBITDA was $285.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.9% from the prior year.
Seadrill reported -$77.0M in net income in fiscal year 2025. This represents a decrease of 117.3% from the prior year.
Seadrill earned -$1.24 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 119.5% from the prior year.
Cash & Balance Sheet
Seadrill held $339.0M in cash against $613.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Seadrill's operating margin was 3.3% in fiscal year 2025, reflecting core business profitability. This is down 26.5 percentage points from the prior year.
Seadrill's net profit margin was -5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 37.6 percentage points from the prior year.
Seadrill's ROE was -2.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 18.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Seadrill repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SDRL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.4B+3.8% | $1.4B-7.8% | $1.5B | N/A | $907.0M-5.6% | $961.0M-23.4% | $1.3B | $2.1B |
| SG&A Expenses | $108.0M | $103.0M-3.7% | $107.0M+44.6% | $74.0M | N/A | $67.0M-9.5% | $74.0M-18.7% | $91.0M | $277.0M |
| Operating Income | $119.0M | $47.0M-88.6% | $412.0M+25.2% | $329.0M | N/A | -$156.0M+96.5% | -$4.5B-1413.9% | -$296.0M | -$728.0M |
| Interest Expense | $62.0M | $61.0M0.0% | $61.0M+3.4% | $59.0M | N/A | $109.0M-72.6% | $398.0M-2.2% | $407.0M | $285.0M |
| Income Tax | $17.0M | $26.0M+123.0% | -$113.0M-764.7% | $17.0M | N/A | $0+100.0% | -$1.0M+97.7% | -$44.0M | $66.0M |
| Net Income | $1.0M | -$77.0M-117.3% | $446.0M+48.7% | $300.0M-92.3% | $3.9B+765.6% | -$587.0M+87.4% | -$4.7B-282.2% | -$1.2B | -$3.0B |
| EPS (Diluted) | — | -$1.24-119.5% | $6.37+54.6% | $4.12 | N/A | -$5.85+87.4% | -$46.43-281.2% | -$12.18 | -$5.89 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2018.
SDRL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9B-5.0% | $4.2B-1.5% | $4.2B+50.6% | $2.8B-28.1% | $3.9B-2.0% | $4.0B-57.1% | $9.3B | $18.0B |
| Current Assets | $758.0M-18.3% | $928.0M-19.9% | $1.2B+35.1% | $857.0M-56.7% | $2.0B+83.6% | $1.1B-39.1% | $1.8B | $2.3B |
| Cash & Equivalents | $339.0M-29.1% | $478.0M-31.4% | $697.0M+45.2% | $480.0M+63.8% | $293.0M-39.6% | $485.0M0.0% | $485.0M | $1.3B |
| Accounts Receivable | $162.0M-16.1% | $193.0M-13.1% | $222.0M+62.0% | $137.0M-13.3% | $158.0M+43.6% | $110.0M-36.4% | $173.0M | $295.0M |
| Total Liabilities | $1.1B-12.0% | $1.2B+0.2% | $1.2B+12.4% | $1.1B-85.6% | $7.6B+7.0% | $7.1B-6.8% | $7.6B | $11.4B |
| Current Liabilities | $374.0M-25.3% | $501.0M+28.8% | $389.0M-3.7% | $404.0M-67.8% | $1.3B-80.9% | $6.6B+752.2% | $770.0M | $859.0M |
| Long-Term Debt | $613.0M+0.5% | $610.0M+0.3% | $608.0M+22.6% | $496.0M | $0 | $0-100.0% | $6.3B | $485.0M |
| Total Equity | $2.9B-2.1% | $2.9B-2.2% | $3.0B+75.3% | $1.7B+145.8% | -$3.7B-18.3% | -$3.1B-291.2% | $1.6B | $6.6B |
| Retained Earnings | $870.0M-8.1% | $947.0M+89.0% | $501.0M+149.3% | $201.0M+102.8% | -$7.2B-8.9% | -$6.6B-258.1% | -$1.9B | $225.0M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
No annual filing on record for: FY2018.
SDRL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$52.0M | -$28.0M-131.8% | $88.0M-69.3% | $287.0M | N/A | -$154.0M+63.3% | -$420.0M-64.1% | -$256.0M | $399.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $84.0M-38.7% | $137.0M-10.5% | $153.0M | $150.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$238.0M+57.3% | -$557.0M-36.2% | -$409.0M | $249.0M |
| Investing Cash Flow | -$79.0M | -$113.0M-150.0% | $226.0M+438.1% | $42.0M | N/A | $37.0M+215.6% | -$32.0M-23.1% | -$26.0M | $358.0M |
| Financing Cash Flow | $70.0M | -$3.0M+99.4% | -$532.0M-166.0% | -$200.0M | N/A | $0+100.0% | -$163.0M+55.6% | -$367.0M | -$846.0M |
| Share Buybacks | N/A | $0-100.0% | $532.0M+102.3% | $263.0M | N/A | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2018.
SDRL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.3%-26.5pp | 29.8%+7.8pp | 21.9% | N/A | -17.2% | -466.3% | -23.6% | -34.9% |
| Net Margin | -5.4%-37.6pp | 32.2%+12.2pp | 20.0% | N/A | -64.7% | -484.8% | -97.2% | -142.4% |
| Return on Equity | -2.7%-18.0pp | 15.3%+5.2pp | 10.1%-219.5pp | 229.6% | N/A | N/A | -74.2% | -45.3% |
| Return on Assets | -1.9%-12.7pp | 10.7%+3.6pp | 7.1%-132.4pp | 139.5%+154.6pp | -15.1%+102.1pp | -117.1%-104.0pp | -13.1% | -16.5% |
| Current Ratio | 2.03+0.2x | 1.85-1.1x | 2.98+0.9x | 2.12+0.5x | 1.58+1.4x | 0.16-2.1x | 2.30 | 2.62 |
| Debt-to-Equity | 0.210.0x | 0.210.0x | 0.20-0.1x | 0.29 | N/A | N/A | 3.82 | 0.07 |
| FCF Margin | N/A | N/A | N/A | N/A | -26.2%+31.7pp | -58.0%-25.3pp | -32.6% | 11.9% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
No annual filing on record for: FY2018.
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Where Seadrill Ranks
Frequently Asked Questions
What is Seadrill's annual revenue?
Seadrill (SDRL) reported $1.4B in total revenue for fiscal year 2025. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Seadrill's revenue growing?
Seadrill (SDRL) revenue grew by 3.8% year-over-year, from $1.4B to $1.4B in fiscal year 2025.
Is Seadrill profitable?
No, Seadrill (SDRL) reported a net income of -$77.0M in fiscal year 2025, with a net profit margin of -5.4%.
What is Seadrill's EBITDA?
Seadrill (SDRL) had EBITDA of $285.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Seadrill have?
As of fiscal year 2025, Seadrill (SDRL) had $339.0M in cash and equivalents against $613.0M in long-term debt.
What is Seadrill's operating margin?
Seadrill (SDRL) had an operating margin of 3.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Seadrill's net profit margin?
Seadrill (SDRL) had a net profit margin of -5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Seadrill's return on equity (ROE)?
Seadrill (SDRL) has a return on equity of -2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Seadrill's operating cash flow?
Seadrill (SDRL) recorded an outflow of $28.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Seadrill's total assets?
Seadrill (SDRL) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Seadrill's current ratio?
Seadrill (SDRL) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is Seadrill's debt-to-equity ratio?
Seadrill (SDRL) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Seadrill's return on assets (ROA)?
Seadrill (SDRL) had a return on assets of -1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Seadrill's Altman Z-Score?
Seadrill (SDRL) has an Altman Z-Score of 2.45, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Seadrill's Piotroski F-Score?
Seadrill (SDRL) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Seadrill's earnings high quality?
Seadrill (SDRL) reported a net loss of $77.0M while operations used $28.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Seadrill cover its interest payments?
Seadrill (SDRL) has an interest coverage ratio of 0.77x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Seadrill?
Seadrill (SDRL) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.