A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SDRL SEC filings page.
Seadrill Limited (SDRL) reported $1.5B in revenue over the twelve months to Jun 30, 2026, up 13.1% from the prior twelve months. 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).
Seadrill’s 2025 downturn came from collapsing operating profitability and cash conversion, not from an increasingly leveraged balance sheet.
Revenue remained broadly stable from FY2024 to FY2025, yet operating margin compressed from29.8% to3.3% , showing that added activity did not translate into operating earnings. The shift from net profit to net loss coincided with operating cash flow moving from$88M to-$28M , so the 2025 deterioration reached cash generation rather than remaining an accounting-only change.
The margin reset without a comparable top-line decline points to cost structure or work mix absorbing economics; the reported figures do not identify which mechanism dominated.
Total liabilities were lower than FY2024, at
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 Limited'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.
Seadrill Limited has an operating margin of 3.3%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is down from 29.8% the prior year.
Seadrill Limited's revenue grew a modest 3.8% year-over-year to $1.4B. This slow but positive growth earns a score of 39/100.
Seadrill Limited has a moderate D/E ratio of 0.21. This balance of debt and equity financing earns a leverage score of 47/100.
With a current ratio of 2.03, Seadrill Limited holds $2.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Not available for Seadrill Limited, and counted as zero in the overall score.
Seadrill Limited posts a -2.7% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 32/100. This is down from 15.3% the prior year.
Seadrill Limited scores 2.42, 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 Limited passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Seadrill Limited 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 Limited 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 Limited generated $449.0M in revenue in Q2 2026. This represents an increase of 19.1% from the same quarter a year earlier. Against the prior quarter it is up 25.4%.
Seadrill Limited's EBITDA was $144.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 132.3% from the same quarter a year earlier. Against the prior quarter it is up 51.6%.
Seadrill Limited reported $29.0M in net income in Q2 2026. This represents an increase of 169.0% from the same quarter a year earlier. Against the prior quarter it is up 514.3%.
Seadrill Limited earned $0.47 per diluted share (EPS) in Q2 2026. This represents an increase of 169.1% from the same quarter a year earlier. Against the prior quarter it is up 527.3%.
Cash & Balance Sheet
Seadrill Limited held $337.0M in cash against $737.0M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Seadrill Limited's operating margin was 16.0% in Q2 2026, reflecting core business profitability. This is up 14.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.
Seadrill Limited's net profit margin was 6.5% in Q2 2026, showing the share of revenue converted to profit. This is up 17.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.4 percentage points.
Seadrill Limited's ROE was 1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
SDRL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $449.0M+19.1% | $358.0M+6.9% | $362.0M+25.3% | $363.0M+2.5% | $377.0M+0.5% | $335.0M-8.7% | $289.0M | $354.0M |
| SG&A Expenses | $29.0M+11.5% | $25.0M+8.7% | $27.0M-12.9% | $27.0M0.0% | $26.0M+8.3% | $23.0M-8.0% | $31.0M | $27.0M |
| Operating Income | $72.0M+1100.0% | $24.0M+33.3% | -$3.0M0.0% | $26.0M-44.7% | $6.0M-97.9% | $18.0M-77.5% | -$3.0M | $47.0M |
| EBITDA | $144.0M+132.3% | $95.0M+30.1% | $66.0M+57.1% | $84.0M-5.6% | $62.0M-81.3% | $73.0M-38.1% | $42.0M | $89.0M |
| Interest Expense | $16.0M+6.7% | $15.0M0.0% | $16.0M+6.7% | $15.0M0.0% | $15.0M-6.3% | $15.0M0.0% | $15.0M | $15.0M |
| Income Tax | $12.0M-58.6% | $23.0M+53.3% | -$29.0M+78.2% | $11.0M+57.1% | $29.0M+866.7% | $15.0M+50.0% | -$133.0M | $7.0M |
| Net Income | $29.0M+169.0% | -$7.0M+50.0% | -$10.0M-109.9% | -$11.0M-134.4% | -$42.0M-116.6% | -$14.0M-123.3% | $101.0M | $32.0M |
| EPS (Basic) | $0.47+169.1% | -$0.11+52.2% | N/A | -$0.17-134.7% | -$0.68-118.8% | -$0.23-127.7% | $1.59 | $0.49 |
| EPS (Diluted) | $0.47+169.1% | -$0.11+52.2% | N/A | -$0.17-134.7% | -$0.68-119.5% | -$0.23-128.4% | $1.55 | $0.49 |
| Diluted Shares (Avg) | 65M0.0% | 65M0.0% | N/A | 65M-7.1% | 65M-11.0% | 65M-13.3% | N/A | 70M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
SDRL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.1B+0.9% | $4.0B-1.7% | $3.9B-5.0% | $4.1B | $4.1B-5.3% | $4.1B | $4.2B-1.5% | N/A |
| Current Assets | $920.0M+11.8% | $811.0M+1.2% | $758.0M-18.3% | $830.0M | $823.0M-36.1% | $801.0M | $928.0M-19.9% | N/A |
| Cash & Equivalents | $337.0M-14.2% | $304.0M-24.8% | $339.0M-29.1% | $402.0M-32.1% | $393.0M-52.9% | $404.0M-34.0% | $478.0M-31.4% | $592.0M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $311.0M+62.0% | $214.0M+49.7% | $162.0M-16.1% | $179.0M | $192.0M | $143.0M | $193.0M-13.1% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.2B+3.6% | $1.1B-1.2% | $1.1B-12.0% | $1.2B | $1.2B-3.2% | $1.2B | $1.2B+0.2% | N/A |
| Current Liabilities | $368.0M-16.6% | $417.0M+4.5% | $374.0M-25.3% | $439.0M | $441.0M+9.2% | $399.0M | $501.0M+28.8% | N/A |
| Non-Current Liabilities | $874.0M+15.3% | $724.0M-4.2% | $715.0M-3.0% | $763.0M | $758.0M-9.1% | $756.0M | $737.0M-12.9% | N/A |
| Long-Term Debt | $737.0M+20.4% | $614.0M+0.5% | $613.0M+0.5% | $612.0M | $612.0M+0.5% | $611.0M | $610.0M+0.3% | N/A |
| Total Equity | $2.9B-0.2% | $2.9B-2.0% | $2.9B-2.1% | $2.9B-1.6% | $2.9B-6.1% | $2.9B-0.6% | $2.9B-2.2% | $2.9B |
| Retained Earnings | $892.0M+0.1% | $863.0M-7.5% | $870.0M-8.1% | $880.0M | $891.0M+9.5% | $933.0M | $947.0M+89.0% | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.0M-263.6% | -$22.0M+18.5% | -$40.0M-671.4% | $28.0M+203.7% | $11.0M-86.1% | -$27.0M-193.1% | $7.0M | -$27.0M |
| Depreciation & Amortization | $72.0M+28.6% | $71.0M+29.1% | $69.0M+53.3% | $58.0M+38.1% | $56.0M+30.2% | $55.0M+44.7% | $45.0M | $42.0M |
| Stock-Based Compensation | N/A | $1.0M-75.0% | N/A | N/A | N/A | $4.0M+33.3% | N/A | N/A |
| Investing Cash Flow | -$25.0M-8.7% | -$13.0M+73.5% | -$22.0M-414.3% | -$19.0M+64.2% | -$23.0M-107.8% | -$49.0M-113.0% | $7.0M | -$53.0M |
| Financing Cash Flow | $74.0M | -$1.0M | -$3.0M+97.0% | $0+100.0% | $0+100.0% | $0+100.0% | -$101.0M | -$190.0M |
| Share Buybacks | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $101.0M | $190.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
SDRL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.0%+14.4pp | 6.7%+1.3pp | -0.8%+0.2pp | 7.2%-6.1pp | 1.6%-75.2pp | 5.4%-16.4pp | -1.0% | 13.3% |
| Net Margin | 6.5%+17.6pp | -2.0%+2.2pp | -2.8%-37.7pp | -3.0%-12.1pp | -11.1%-78.6pp | -4.2%-20.5pp | 34.9% | 9.0% |
| Return on Equity | 1.0%+2.5pp | -0.3%+0.2pp | -0.3%-3.8pp | -0.4%-1.5pp | -1.5%-9.7pp | -0.5%-2.5pp | 3.5% | 1.1% |
| Return on Assets | 0.7%+1.7pp | -0.2%+0.2pp | -0.3%-2.7pp | -0.3% | -1.0%-6.9pp | -0.3% | 2.4% | N/A |
| Current Ratio | 2.50+0.6x | 1.94-0.1x | 2.03+0.2x | 1.89 | 1.87-1.3x | 2.01 | 1.85-1.1x | N/A |
| Debt-to-Equity | 0.260.0x | 0.220.0x | 0.210.0x | 0.21 | 0.210.0x | 0.21 | 0.210.0x | N/A |
| Asset Turnover | 0.110.0x | 0.090.0x | 0.090.0x | 0.09 | 0.090.0x | 0.08 | 0.07 | N/A |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Seadrill Limited SDRL | FY2025 | $1.4B | -$77.0M | -5.4% | $2.9B | 38/100 |
| Patterson-UTI Energy Inc PTEN | FY2025 | $4.8B | -$93.1M | -1.9% | $4.3B | 49/100 |
| Helmerich & Payne, Inc. HP | FY2025 | $3.7B | -$163.7M | -4.4% | $4.0B | 50/100 |
| Sable Offshore Corp. SOC | FY2025 | $0 | -$410.2M | N/A | $713.8M | — |
| Transocean LTD. RIG | FY2025 | $4.0B | -$2.9B | -73.5% | $6.2B | 47/100 |
| Noble Corporation plc NE | FY2025 | $3.3B | $216.7M | 6.6% | $6.8B | 52/100 |
Where Seadrill Limited Ranks
Frequently Asked Questions
What is Seadrill Limited's annual revenue?
Seadrill Limited (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 Limited's revenue growing?
Seadrill Limited (SDRL) revenue grew by 3.8% year-over-year, from $1.4B to $1.4B in fiscal year 2025.
Is Seadrill Limited profitable?
No, Seadrill Limited (SDRL) reported a net income of -$77.0M in fiscal year 2025, with a net profit margin of -5.4%.
What is Seadrill Limited's EBITDA?
Seadrill Limited (SDRL) had EBITDA of $285.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Seadrill Limited have?
As of fiscal year 2025, Seadrill Limited (SDRL) had $339.0M in cash and equivalents against $613.0M in long-term debt.
What is Seadrill Limited's operating margin?
Seadrill Limited (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 Limited's net profit margin?
Seadrill Limited (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 Limited's return on equity (ROE)?
Seadrill Limited (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 Limited's operating cash flow?
Seadrill Limited (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 Limited's total assets?
Seadrill Limited (SDRL) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Seadrill Limited's current ratio?
Seadrill Limited (SDRL) had a current ratio of 2.03 as of fiscal year 2025, which is generally considered healthy.
What is Seadrill Limited's debt-to-equity ratio?
Seadrill Limited (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 Limited's return on assets (ROA)?
Seadrill Limited (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 Limited's P/E ratio?
Seadrill Limited (SDRL) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $1.0M net income, trailing 12 months to June 30, 2026). The market capitalization is $2.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Seadrill Limited's price-to-sales ratio?
Seadrill Limited (SDRL) trades at 1.9x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Seadrill Limited's Altman Z-Score?
Seadrill Limited (SDRL) has an Altman Z-Score of 2.42, 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 Limited's Piotroski F-Score?
Seadrill Limited (SDRL) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 Limited's earnings high quality?
Seadrill Limited (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 Limited cover its interest payments?
Seadrill Limited (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 Limited?
Seadrill Limited (SDRL) scores 38 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.