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Seadrill Ltd. (SDRL)

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Seadrill Ltd. (SDRL) reported revenue of $449 million for Q2 FY2026, the quarter ended 30 June 2026, up 19.1% on the same quarter a year earlier. Net income was $29 million, and diluted earnings per share $0.47. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$449 millionup 19.1%
Net income$29 million
Diluted EPS$0.47
QuarterQ2 FY2026ended 30 June 2026

Seadrill (SDRL) in brief

Seadrill (SDRL) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 3.8% on the year before.
Read moreNet loss was $77 million. Revenue was $1.4 billion in fiscal 2024, $1.5 billion in fiscal 2023, $1.0 billion in fiscal 2022 and $907 million in fiscal 2021. Net income in the same years was $446 million, $300 million, $3.9 billion and a loss of $587 million. Over the twelve months to 30 June 2026, Seadrill reported revenue of $1.5 billion and net income of $1 million. Revenue grew 8.4% a year, compounded, over the five years to fiscal 2025. Seadrill had 63 million shares outstanding at the latest filed count. At 30 June 2026 it carried $737 million of debt and $337 million of cash. At the close of 27 October 2026 the market cap of Seadrill was $3.2 billion, 1,696.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE0.0%
ROCE3.3%
Operating margin7.8%
Net margin0.1%
FCF marginn/a
Interest cover1.92
Debt to equity0.26
Cash conversion-52.00
Share count, last 12 months0.5%
Sales CAGR, 3 years12.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.03

At the close of 27 October 2026

Price$50.88
Market cap$3.2 billion
Stock P/E1,696.00
Price to book1.11
EV / EBITDA9.21
Dividend yieldn/a
Market cap / sales2.08
52-week high$54.80
52-week low$28.40
Price, 1 year62.3%
Price CAGR, 3 years8.5%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Seadrill Ltd. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SDRLgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SDRL

Dividendsno dividend in its filings for fiscal 2023 onward
Filings17 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 regulation FD disclosure; 2 material agreement; 2 new financial obligation; 2 other events
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.26 by open interest at the 27 October 2026 close; the straddle prices a 10.5% move to 20 November 2026
13F holders238 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading6 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 6.52 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 15 quarters

Q2 FY2019Q2 FY2020Q2 FY2021Q2 FY2022 †Q2 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue321277219253414367375354289335377363362358449
SG&An/an/a21.016.014.025.024.027.031.023.026.027.027.025.029.0
Operating income-73.0-88.0-22825.010980.028847.0-3.018.06.026.0-3.024.072.0
Operating margin-23%-32%-104%10%26%22%77%13%-1%5%2%7%-1%7%16%
Interest expensen/an/a22.030.013.015.016.015.015.015.015.015.016.015.016.0
Pre-tax income-236-178-261-28.010770.025639.0-32.01.0-13.00.0-39.016.041.0
Tax raten/an/an/an/a12%14%1%18%n/a1500%n/an/an/a144%29%
Net income-203-181-294-36.094.060.025332.0101-14.0-42.0-11.0-10.0-7.029.0
Net margin-63%-65%-134%-14%23%16%67%9%35%-4%-11%-3%-3%-2%6%
Diluted EPS-$2.03-$1.80-$2.93-$0.72$1.16$0.81$3.49$0.49$1.54-$0.23-$0.68-$0.17-$0.16-$0.11$0.47
Operating cash flown/an/an/an/an/a29.079.0-27.07.0-27.011.028.0-40.0-22.0-18.0
Capital expenditure40.051.030.074.0n/an/an/an/an/an/an/an/an/an/an/a
Buybacksn/an/an/an/an/a1191221901010.00.00.00.0n/an/a
Shares outstanding100mn/an/an/an/a62mn/a62m62m62m62m62m62m63m63m
Filing6-K6-K6-K6-K6-K10-Q6-K10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 8 fiscal years and the trailing twelve months

FY2017FY2019 †FY2020 †FY2021 †FY2022 ‡FY2023FY2024FY2025TTM
Revenue2,0881,3889619071,0121,5021,3851,4371,532
Selling, general and administrative27795.074.067.060.074.0107103108
Operating income-728-295-4,482-15672.032941247.0119
Operating margin-34.9%-21.3%-466.4%-17.2%7.1%21.9%29.7%3.3%7.8%
Interest expense28542139810910559.061.061.062.0
Pre-tax income-3,036-760-4,431-5723,678317333-51.018.0
Income tax66.0-40.0-1.00.012.017.0-11326.017.0
Effective tax raten/an/an/an/a0.3%5.4%-33.9%n/a94.4%
Net income-2,973-1,219-4,659-5873,907300446-77.01.0
Net margin-142.4%-87.8%-484.8%-64.7%386.1%20.0%32.2%-5.4%0.1%
Diluted EPS-$5.89-$12.18-$46.43-$5.85n/a$4.12$6.37n/a$0.03
Filing20-F20-F6-K6-K20-F20-F10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed. ‡ Filed in two parts, up to 22 February 2022 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Brazil34334361142.5%
United States44636636825.6%
AO27133533123.0%
NO213188976.8%
Others229153302.1%
BrazilUnited StatesAONOOthers
1,502FY20231,385FY20241,437FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017FY2019 †FY2020 †FY2021 †FY2022 ‡FY2023FY2024FY2025TTM
Operating cash flow399-256-420-1549.028788.0-28.0-52.0
Capital expenditure15016213784.0234n/an/an/an/a
Free cash flow249-418-557-238-225n/an/an/an/a
Free cash flow margin11.9%-30.1%-58.0%-26.2%-22.2%n/an/an/an/a
Cash from investing358-26.0-32.037.034342.0226-113-79.0
Cash from financing-846-367-1630.0-363-200-532-3.070.0
Depreciation and amortisation798560319127152155168238270
Share-based compensation7.05.08.00.00.08.017.020.017.0
Buybacksn/an/an/a0.00.02635320.0n/a
Diluted shares, weighted505m100m100m100mn/a74m71m65m65m
Shares outstanding at period end505mn/an/an/an/an/an/an/a63m
Filing20-F20-F6-K6-K20-F20-F10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2019 †FY2020 †FY2021 †FY2022 ‡FY2023FY2024FY2025TTM
Funded by
Shareholders' equity6,5601,642-3,140-3,7161,7022,9832,9182,8582,864
Non-controlling interest3991510.0n/an/an/an/an/an/a
Redeemable equityn/a57.00.0n/an/an/an/an/an/a
Debt8,7016,6235,6620.0518608610613737
Operating lease liabilitiesn/a24.017.05.06.02.08.018.017.0
Other liabilities2,3227821,4227,608575625620458488
Total liabilities and equity17,9829,2793,9613,8972,8014,2184,1563,9474,106
Owned
Fixed assets13,464n/an/an/an/an/an/an/an/a
Intangible assetsn/an/a10.0n/an/an/an/an/an/a
Investments12411.08.0n/an/an/an/an/an/a
Cash and equivalents1,255485491293480697478339337
Receivables295173125158137222193162311
Other assets2,8448,6103,3273,4462,1843,2993,4853,4463,458
Total assets17,9829,2793,9613,8972,8014,2184,1563,9474,106
Filing20-F20-F6-K6-K20-F20-F10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a8.4%12.4%13.1%
Profit growth, compoundedn/an/an/a-98.7%
Return on equity, averagen/a63.1%7.5%-2.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Seadrill's revenue in fiscal 2025?

Seadrill (SDRL) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 3.8% on the year before.

How much did Seadrill earn in fiscal 2025?

Net loss was $77 million for fiscal 2025.

What is Seadrill's P/E ratio?

At the close of 27 October 2026, Seadrill traded at 1,696.0 times its earnings over the twelve months to 30 June 2026.

What is Seadrill's market cap?

The market cap of Seadrill was $3.2 billion at the close of 27 October 2026.

How much debt does Seadrill have?

At 30 June 2026 Seadrill carried $737 million of debt and $337 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Transocean Ltd. RIG$7.2 billionn/a-19.8%-24.2%8.5%0.61n/a
Noble Corp. plc NE$7.2 billion137.151.3%12.0%-13.0%0.444.4%
Valaris Ltd. VAL$6.8 billion7.3329.2%11.3%-13.2%0.340.0%
Patterson-UTI Energy, Inc. PTEN$4.7 billionn/a-2.9%-1.1%-6.9%0.402.9%
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Par Pacific Holdings, Inc. PARR$3.7 billion4.3843.2%13.4%13.2%0.37n/a
Seadrill Ltd. SDRL$3.2 billion1,696.000.0%7.8%13.1%0.26n/a
Talos Energy Inc. TALO$3.0 billionn/a-19.9%-12.7%2.4%0.60n/a
Northern Oil & Gas, Inc. NOG$3.0 billionn/a-24.4%-24.1%-25.6%1.376.4%
Gulfport Energy Corp. GPOR$3.0 billion6.7727.2%45.0%35.2%0.50n/a
Liberty Energy Inc. LBRT$2.8 billion70.582.1%1.7%13.6%0.672.1%
Quaker Chemical Corp. KWR$2.7 billion28.077.1%7.7%7.8%0.631.3%
All 66 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$739.7 billion23.1212.6%12.3%9.1%0.162.3%
Chevron Corp. CVX$451.1 billion21.8910.8%14.2%10.2%0.203.1%
Shell plc SHEL *$298.1 billion17.4610.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$203.8 billion15.9811.4%n/a-6.2%0.534.0%
ConocoPhillips COP$177.7 billion19.5714.2%n/a9.6%0.362.2%
Petróleo Brasileiro S.A. (Petrobras) PBR *$143.6 billion7.3326.0%29.3%-2.4%0.355.6%
BP plc BP *$134.4 billionn/a0.1%6.6%-1.1%1.093.8%
Marathon Petroleum Corp. MPC$122.4 billion14.9944.8%9.2%15.0%1.720.9%
Equinor ASA EQNR *$117.6 billion24.2512.5%23.8%2.6%0.690.2%
Canadian Natural Resources Limited CNQ *$112.5 billion14.6624.4%n/a8.7%0.373.1%
Valero Energy Corp. VLO$111.5 billion16.0728.8%7.2%12.6%0.451.2%
Phillips 66 PSX$107.1 billion15.2922.5%n/a14.4%0.651.8%
Suncor Energy Inc. SU *$90.9 billion21.9813.1%n/a-4.6%0.222.2%
Eni S.p.A. E *$87.1 billion33.715.4%6.1%-7.5%0.594.0%
EOG Resources Inc. EOG$84.5 billion12.5421.6%32.9%19.1%0.252.5%
SLB Limited SLB$80.2 billion26.1211.9%n/a2.5%0.491.6%
Occidental Petroleum Corp. OXY$62.7 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.4 billion39.873.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.4 billion12.177.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.0 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$35.2 billion13.0610.7%42.5%32.3%0.221.2%
Halliburton Co. HAL$29.5 billion14.9018.0%12.6%1.5%0.641.9%
Expand Energy Corp. EXE$21.8 billion8.2014.1%25.7%28.2%0.240.0%
Permian Resources Corp. PR$21.3 billion16.8610.3%35.8%12.8%0.252.4%
Ovintiv Inc. OVV$19.7 billion20.108.0%9.7%6.0%0.321.7%
APA Corp. APA$17.8 billion10.7423.9%44.4%-16.1%0.532.0%
Range Resources Corp. RRC$13.2 billion14.9518.3%32.4%20.8%0.160.7%
Antero Resources Corp. AR$13.0 billion12.0913.0%24.7%25.8%0.31n/a
SM Energy Co. SM$9.3 billion7.6912.8%29.6%75.4%0.902.2%
Viper Energy, Inc. VNOM$9.0 billion357.311.2%12.3%n/a0.33n/a
PBF Energy Inc. PBF$8.9 billion6.5121.1%5.8%13.5%0.271.6%
Chord Energy Corp. CHRD$8.5 billion10.2710.2%19.0%19.2%0.183.4%
Matador Resources Co. MTDR$7.3 billion10.1712.2%32.2%-3.6%0.712.4%
Transocean Ltd. RIG$7.2 billionn/a-19.8%-24.2%8.5%0.61n/a
Noble Corp. plc NE$7.2 billion137.151.3%12.0%-13.0%0.444.4%
Valaris Ltd. VAL$6.8 billion7.3329.2%11.3%-13.2%0.340.0%
Magnolia Oil & Gas Corp. MGY$6.3 billion11.5719.8%38.0%11.4%0.182.3%
Murphy Oil Corp. MUR$6.2 billion21.355.6%18.5%8.3%0.293.1%
CVR Energy Inc. CVI$5.8 billion84.3413.1%4.1%17.9%3.378.5%
CNX Resources Corp. CNX$5.7 billion6.4419.6%44.4%61.9%0.460.0%
California Resources Corp. CRC$4.8 billionn/a-3.6%-1.7%-22.5%0.383.0%
Patterson-UTI Energy, Inc. PTEN$4.7 billionn/a-2.9%-1.1%-6.9%0.402.9%
Crescent Energy Co. CRGY$4.5 billionn/a1.1%20.6%24.3%1.003.5%
Calumet, Inc. CLMT$4.4 billionn/an/a1.0%12.8%n/an/a
Comstock Resources Inc. CRK$4.4 billion8.3719.7%28.8%31.6%1.200.0%
Delek US Holdings, Inc. DK$4.3 billion19.9153.1%4.8%11.4%7.551.5%
Oceaneering International Inc. OII$4.1 billion12.6427.1%10.4%3.0%0.400.0%
Valvoline Inc. VVV$4.1 billion39.8424.4%15.3%16.1%3.840.4%
Hess Midstream LP HESM$4.1 billion10.91n/a62.1%2.8%n/an/a
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Icahn Enterprises L.P. IEP$4.0 billionn/an/a-4.2%10.6%n/a107.9%
Par Pacific Holdings, Inc. PARR$3.7 billion4.3843.2%13.4%13.2%0.37n/a
Seadrill Ltd. SDRL$3.2 billion1,696.000.0%7.8%13.1%0.26n/a
Talos Energy Inc. TALO$3.0 billionn/a-19.9%-12.7%2.4%0.60n/a
Northern Oil & Gas, Inc. NOG$3.0 billionn/a-24.4%-24.1%-25.6%1.376.4%
Gulfport Energy Corp. GPOR$3.0 billion6.7727.2%45.0%35.2%0.50n/a
Liberty Energy Inc. LBRT$2.8 billion70.582.1%1.7%13.6%0.672.1%
Quaker Chemical Corp. KWR$2.7 billion28.077.1%7.7%7.8%0.631.3%
Select Water Solutions, Inc. WTTR$2.4 billion69.643.0%3.5%-2.0%0.250.3%
BKV Corp. BKV$2.3 billion7.8111.6%33.8%35.5%0.54n/a
National Energy Services Reunited Corp. NESR$2.1 billionn/an/an/an/a0.26n/a
Mach Natural Resources LP MNR$1.8 billion18.95n/a14.4%34.4%n/an/a
Kosmos Energy Ltd. KOS$1.6 billionn/a-76.9%-28.3%6.4%3.791.6%
RPC Inc. RES$1.5 billion73.332.1%1.9%25.4%0.032.4%
WaterBridge Infrastructure LLC WBI$1.5 billionn/a0.5%15.5%n/a2.13n/a
Atlas Energy Solutions Inc. AESI$1.1 billionn/a-10.6%-8.3%-8.1%0.878.3%
5 companies share its SEC industry code (Drilling Oil & Gas Wells); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
20-F31 December 202327 March 2024EDGAR
20-F31 December 202219 April 2023EDGAR
20-F31 December 202129 April 2022EDGAR