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Seadrill (SDRL) Financials

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$43.97 -1.50 (-3.31%)
Closing price 06/9/2026 03:59 PM Eastern
Extended Trading
$44.05 +0.08 (+0.19%)
As of 07:49 AM Eastern
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Annual Income Statements for Seadrill

Annual Income Statements for Seadrill

This table shows Seadrill's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2019 2020 2021 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 -2,973 -1,219 -4,659 -587 300 446 -77
Consolidated Net Income / (Loss)		 0.00 -3,102 -1,222 -4,663 -587 300 446 -77
Net Income / (Loss) Continuing Operations		 -1,076 -3,102 -720 -4,430 -572 300 446 -77
Total Pre-Tax Income 		0.00 -3,036 -760 -4,431 -572 317 333 -51
Total Operating Income		 0.00 -728 -295 -4,481 -156 329 412 47
Total Gross Profit		 -1,076 1,261 623 386 263 742 636 643
Total Revenue		 0.00 2,088 1,388 961 907 1,502 1,385 1,437
Operating Revenue		 0.00 2,088 1,388 961 907 1,502 1,385 1,437
Total Cost of Revenue		 1,076 827 765 575 644 760 749 794
Operating Cost of Revenue		 1,076 827 765 575 644 760 749 794
Total Operating Expenses		 0.00 1,989 918 4,867 419 413 224 596
Selling, General & Admin Expense		 0.00 277 95 74 67 74 107 103
Depreciation Expense		 0.00 798 426 319 127 155 168 238
Other Operating Expenses / (Income)		 0.00 -27 263 381 120 174 159 232
Impairment Charge		 0.00 696 0.00 4,108 152 0.00 0.00 22
Restructuring Charge		 - - - 0.00 0.00 24 24 2.00
Other Special Charges / (Income)		 0.00 245 0.00 -15 -47 -14 -234 -1.00
Total Other Income / (Expense), net		 0.00 -2,308 -465 76 -416 -12 -79 -98
Interest Expense		 0.00 266 421 398 109 59 61 61
Interest & Investment Income		 0.00 234 13 517 4.00 72 16 4.00
Other Income / (Expense), net		 0.00 -2,276 -57 -43 -311 -25 -34 -41
Income Tax Expense		 0.00 66 -40 -1.00 0.00 17 -113 26
Weighted Average Basic Shares Outstanding		 - - 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M
Weighted Average Diluted Shares Outstanding		 - - 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M
Weighted Average Basic & Diluted Shares Outstanding		 - - 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M

Quarterly Income Statements for Seadrill

This table shows Seadrill's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 60 253 32 101 -14 -42 -11 -10 -7.00
Consolidated Net Income / (Loss)		 60 253 32 101 -14 -42 -11 -10 -7.00
Net Income / (Loss) Continuing Operations		 60 253 32 101 -14 -42 -11 -10 -7.00
Total Pre-Tax Income 		70 256 39 -32 1.00 -13 0.00 -39 16
Total Operating Income		 80 288 47 -3.00 18 6.00 26 -3.00 24
Total Gross Profit		 167 196 163 110 141 181 161 160 167
Total Revenue		 367 375 354 289 335 377 363 362 358
Operating Revenue		 367 375 354 289 335 377 363 362 358
Total Cost of Revenue		 200 179 191 179 194 196 202 202 191
Operating Cost of Revenue		 200 179 191 179 194 196 202 202 191
Total Operating Expenses		 87 -92 116 113 123 175 135 163 143
Selling, General & Admin Expense		 25 24 27 31 23 26 27 27 25
Depreciation Expense		 38 43 42 45 55 56 58 69 71
Other Operating Expenses / (Income)		 22 41 45 51 45 93 49 45 46
Restructuring Charge		 2.00 3.00 2.00 17 0.00 0.00 1.00 1.00 1.00
Total Other Income / (Expense), net		 -10 -32 -8.00 -29 -17 -19 -26 -36 -8.00
Interest Expense		 15 16 15 15 15 15 15 16 15
Interest & Investment Income		 11 -8.00 4.00 9.00 12 9.00 -7.00 -10 6.00
Other Income / (Expense), net		 -6.00 -8.00 3.00 -23 -14 -13 -4.00 -10 1.00
Income Tax Expense		 10 3.00 7.00 -133 15 29 11 -29 23
Basic Earnings per Share		 $0.83 $3.61 $0.49 - ($0.23) ($0.68) ($0.17) - ($0.11)
Weighted Average Basic Shares Outstanding		 - - - 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M
Diluted Earnings per Share		 $0.81 $3.49 $0.49 - ($0.23) ($0.68) ($0.17) - ($0.11)
Weighted Average Diluted Shares Outstanding		 - - - 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M

Annual Cash Flow Statements for Seadrill

This table details how cash moves in and out of Seadrill's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2019 2020 2021 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 151 -84 -646 -634 -119 130 -223 -140
Net Cash From Operating Activities		 1,184 399 -256 -420 -154 287 88 -28
Net Cash From Continuing Operating Activities		 1,184 399 -243 -420 -149 287 88 -28
Net Income / (Loss) Continuing Operations		 -155 -3,102 -720 -4,430 -572 300 446 -77
Consolidated Net Income / (Loss)		 -155 -3,102 -1,222 -4,663 -587 300 446 -77
Depreciation Expense		 810 798 426 319 127 155 168 238
Amortization Expense		 -20 -16 36 121 84 2.00 4.00 3.00
Non-Cash Adjustments To Reconcile Net Income		 514 2,854 -5.00 3,613 206 -151 -464 -139
Changes in Operating Assets and Liabilities, net		 35 -135 20 -43 6.00 -19 -66 -53
Net Cash From Investing Activities		 354 358 -26 -32 37 42 226 -113
Net Cash From Continuing Investing Activities		 354 358 -73 -46 14 42 226 -113
Purchase of Property, Plant & Equipment		 -84 -59 -48 -27 -29 -101 -157 -110
Acquisitions		 -68 -33 -25 - - 21 0.00 0.00
Sale of Property, Plant & Equipment		 - - - - 43 98 383 1.00
Other Investing Activities, net		 431 280 0.00 -8.00 0.00 24 0.00 -4.00
Net Cash From Financing Activities		 -1,405 -846 -367 -163 0.00 -200 -532 -3.00
Net Cash From Continuing Financing Activities		 -1,405 -846 -34 -67 0.00 -200 -532 -3.00
Repayment of Debt		 -1,387 -846 -34 -36 0.00 -509 0.00 0.00
Repurchase of Common Equity		 -10 - - - 0.00 -267 -532 0.00
Issuance of Debt		 0.00 0.00 - 0.00 0.00 576 0.00 0.00
Other Financing Activities, net		 -1.00 - - - - 0.00 0.00 -3.00
Effect of Exchange Rate Changes		 18 5.00 - -19 -2.00 1.00 -5.00 4.00
Cash Interest Paid		 400 264 391 174 0.00 36 54 53
Cash Income Taxes Paid		 123 119 36 10 3.00 24 17 12

Quarterly Cash Flow Statements for Seadrill

This table details how cash moves in and out of Seadrill's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -116 250 -270 -87 -75 -11 9.00 -63 -36
Net Cash From Operating Activities		 29 79 -27 7.00 -27 11 28 -40 -22
Net Cash From Continuing Operating Activities		 29 79 -27 7.00 -27 11 28 -40 -22
Net Income / (Loss) Continuing Operations		 60 253 32 101 -14 -42 -11 -10 -7.00
Consolidated Net Income / (Loss)		 60 253 32 101 -14 -42 -11 -10 -7.00
Depreciation Expense		 38 43 42 45 55 56 58 69 71
Amortization Expense		 1.00 1.00 1.00 1.00 1.00 1.00 - 1.00 1.00
Non-Cash Adjustments To Reconcile Net Income		 -27 -242 -71 -124 -47 -31 -53 -8.00 -41
Changes in Operating Assets and Liabilities, net		 -43 24 -31 -16 -22 27 34 -92 -46
Net Cash From Investing Activities		 -23 295 -53 7.00 -49 -23 -19 -22 -13
Net Cash From Continuing Investing Activities		 -23 295 -53 7.00 -49 -23 -19 -22 -13
Purchase of Property, Plant & Equipment		 -23 -43 -53 -38 -45 -23 -19 -23 -13
Other Investing Activities, net		 0.00 - - - -4.00 - - - 0.00
Net Cash From Financing Activities		 -119 -122 -190 -101 0.00 - - -3.00 -1.00
Net Cash From Continuing Financing Activities		 -119 -122 -190 -101 0.00 - - -3.00 -1.00
Other Financing Activities, net		 - - - - 0.00 - - - -1.00
Effect of Exchange Rate Changes		 -3.00 -2.00 - - 1.00 1.00 - 2.00 0.00

Annual Balance Sheets for Seadrill

This table presents Seadrill's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 17,982 10,848 9,279 3,961 3,897 2,801 4,218 4,156 3,947
Total Current Assets		 2,252 2,767 1,773 1,062 1,981 857 1,158 928 758
Cash & Equivalents		 1,255 1,542 1,115 491 293 480 697 478 339
Restricted Cash		 104 461 135 103 160 44 31 27 26
Accounts Receivable		 512 385 354 210 186 164 231 193 162
Other Current Assets		 257 322 158 258 1,342 169 199 230 231
Plant, Property, & Equipment, net		 29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 15,701 8,081 7,506 2,899 1,916 1,944 3,060 3,228 3,189
Long-Term Investments		 1,473 800 389 24 27 84 90 68 58
Noncurrent Deferred & Refundable Income Taxes		 10 18 4.00 9.00 10 15 46 63 44
Other Noncurrent Operating Assets		 13,545 6,724 6,483 2,184 1,469 1,771 2,924 3,097 3,087
Total Liabilities & Shareholders' Equity		 17,982 10,848 9,279 3,961 3,897 2,801 4,218 4,156 3,947
Total Liabilities		 11,023 7,775 7,429 7,101 7,613 1,099 1,235 1,238 1,089
Total Current Liabilities		 859 464 770 6,545 1,255 404 389 501 374
Accounts Payable		 82 121 105 52 53 76 53 118 61
Other Current Liabilities		 - - - - - - - 383 313
Total Noncurrent Liabilities		 10,164 7,311 6,659 556 6,358 695 846 737 715
Long-Term Debt		 485 6,881 6,280 - 0.00 496 608 610 613
Noncurrent Deferred & Payable Income Tax Liabilities		 107 87 12 10 9.00 9.00 9.00 11 14
Other Noncurrent Operating Liabilities		 9,258 121 128 120 6,229 190 229 116 88
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,959 3,035 1,793 -3,140 -3,716 1,702 2,983 2,918 2,858
Total Preferred & Common Equity		 6,560 2,883 1,642 -3,140 -3,716 1,702 2,983 2,918 2,858
Total Common Equity		 6,560 2,883 1,642 -3,140 -3,716 1,702 2,983 2,918 2,858
Common Stock		 4,321 3,501 3,506 3,514 3,514 1,499 2,481 1,970 1,987
Retained Earnings		 225 -611 -1,851 -6,628 -7,215 201 501 947 870
Accumulated Other Comprehensive Income / (Loss)		 58 -7.00 -13 -26 -15 2.00 1.00 1.00 1.00

Quarterly Balance Sheets for Seadrill

This table presents Seadrill's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 4,063 4,070 4,067 3,992
Total Current Assets		 801 823 830 811
Cash & Equivalents		 404 393 402 304
Restricted Cash		 26 26 26 25
Accounts Receivable		 143 192 179 221
Other Current Assets		 228 212 223 261
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 3,262 3,247 3,237 3,181
Long-Term Investments		 76 82 71 62
Noncurrent Deferred & Refundable Income Taxes		 60 50 47 29
Other Noncurrent Operating Assets		 3,126 3,115 3,119 3,090
Total Liabilities & Shareholders' Equity		 4,063 4,070 4,067 3,992
Total Liabilities		 1,155 1,199 1,202 1,141
Total Current Liabilities		 399 441 439 417
Accounts Payable		 78 73 72 80
Other Current Liabilities		 321 368 367 337
Total Noncurrent Liabilities		 756 758 763 724
Long-Term Debt		 611 612 612 614
Noncurrent Deferred & Payable Income Tax Liabilities		 11 12 14 16
Other Noncurrent Operating Liabilities		 134 134 137 94
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,908 2,871 2,865 2,851
Total Preferred & Common Equity		 2,908 2,871 2,865 2,851
Total Common Equity		 2,908 2,871 2,865 2,851
Common Stock		 1,974 1,979 1,984 1,987
Retained Earnings		 933 891 880 863
Accumulated Other Comprehensive Income / (Loss)		 1.00 1.00 1.00 1.00

Annual Metrics And Ratios for Seadrill

This table displays calculated financial ratios and metrics derived from Seadrill's official financial filings.

Metric 2016 2017 2019 2020 2021 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% -30.76% -5.62% 0.00% -7.79% 3.75%
EBITDA Growth		 0.00% -381.27% 0.00% -3,812.73% 93.73% 0.00% 19.31% -55.09%
EBIT Growth		 0.00% 0.00% 0.00% -1,185.23% 89.68% 0.00% 24.34% -98.41%
NOPAT Growth		 0.00% 0.00% 0.00% -1,418.98% 96.52% 0.00% 77.23% -94.04%
Net Income Growth		 0.00% 0.00% 0.00% -281.59% 87.41% 0.00% 48.67% -117.26%
EPS Growth		 0.00% 0.00% 0.00% -281.20% 87.40% 0.00% 54.61% 0.00%
Operating Cash Flow Growth		 0.00% -66.30% 0.00% -64.06% 63.33% 0.00% -69.34% -131.82%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 224.22% 0.00% 0.00% -116.25%
Invested Capital Growth		 0.00% 0.00% 0.00% -68.37% -243.45% 0.00% 6.56% 3.15%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.35%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.62%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 185.71%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -326.47%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -247.37%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.35%
Profitability Metrics		 - - - - - - - -
Gross Margin		 0.00% 60.39% 44.88% 40.17% 29.00% 49.40% 45.92% 44.75%
EBITDA Margin		 0.00% -106.42% 7.93% -424.97% -28.22% 30.69% 39.71% 17.19%
Operating Margin		 0.00% -34.87% -21.25% -466.29% -17.20% 21.90% 29.75% 3.27%
EBIT Margin		 0.00% -143.87% -25.36% -470.76% -51.49% 20.24% 27.29% 0.42%
Profit (Net Income) Margin		 0.00% -148.56% -88.04% -485.22% -64.72% 19.97% 32.20% -5.36%
Tax Burden Percent		 0.00% 102.17% 160.79% 105.24% 102.62% 94.64% 133.93% 150.98%
Interest Burden Percent		 0.00% 101.07% 215.91% 97.94% 122.48% 104.28% 88.10% -850.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 5.36% -33.93% 0.00%
Return on Invested Capital (ROIC)		 0.00% -19.66% -2.97% -68.52% 0.00% 11.23% 19.27% 1.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 272.61% -22.86% -97.75% 0.00% 16.64% 141.59% -95.73%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -69.49% -63.09% 791.47% 0.00% -1.17% -4.15% -3.76%
Return on Equity (ROE)		 0.00% -89.15% -66.05% 722.95% 17.12% 10.06% 15.12% -2.67%
Cash Return on Invested Capital (CROIC)		 0.00% -219.66% 0.00% 35.35% 0.00% 0.00% 12.91% -2.00%
Operating Return on Assets (OROA)		 0.00% -16.71% -3.50% -68.34% -11.89% 8.66% 9.03% 0.15%
Return on Assets (ROA)		 0.00% -17.25% -12.14% -70.44% -14.94% 8.55% 10.65% -1.90%
Return on Common Equity (ROCE)		 0.00% -84.04% -60.71% 839.51% 17.12% 10.06% 15.11% -2.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -47.29% -74.42% 0.00% 15.80% 10.06% 15.29% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.00 -510 -207 -3,137 -109 311 552 33
NOPAT Margin		 0.00% -24.41% -14.88% -326.40% -12.04% 20.73% 39.84% 2.29%
Net Nonoperating Expense Percent (NNEP)		 0.00% -292.27% 19.89% 29.23% 16.20% -5.41% -122.32% 96.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -124.37% - 8.67% 15.64% 0.95%
Cost of Revenue to Revenue		 0.00% 39.61% 55.12% 59.83% 71.00% 50.60% 54.08% 55.25%
SG&A Expenses to Revenue		 0.00% 13.27% 6.84% 7.70% 7.39% 4.93% 7.73% 7.17%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 95.26% 66.14% 506.45% 46.20% 27.50% 16.17% 41.48%
Earnings before Interest and Taxes (EBIT)		 0.00 -3,004 -352 -4,524 -467 304 378 6.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 790 -2,222 110 -4,084 -256 461 550 247
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.79 0.98 0.76
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.79 0.98 0.76
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 1.57 2.07 1.50
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 7.88 6.43 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 12.69% 15.54% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.78 0.98 0.77
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 1.43 2.10 1.63
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 4.67 5.28 9.51
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 7.09 7.69 391.36
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 6.92 5.27 71.37
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 7.51 33.03 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 7.86 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 0.14 3.58 -1.80 0.00 0.20 0.21 0.21
Long-Term Debt to Equity		 0.00 0.07 3.39 0.00 0.00 0.20 0.21 0.21
Financial Leverage		 0.00 -0.25 2.76 -8.10 -0.86 -0.07 -0.03 0.04
Leverage Ratio		 0.00 2.58 4.09 -10.26 -1.15 1.50 1.42 1.40
Compound Leverage Factor		 0.00 2.61 8.83 -10.05 -1.40 1.56 1.25 -11.92
Debt to Total Capital		 0.00% 12.50% 78.17% 224.50% 0.00% 16.93% 17.29% 17.66%
Short-Term Debt to Total Capital		 0.00% 6.40% 4.05% 224.50% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 6.10% 74.12% 0.00% 0.00% 16.93% 17.29% 17.66%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 5.02% 2.45% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 82.48% 19.38% -124.50% 100.00% 83.06% 82.70% 82.33%
Debt to EBITDA		 0.00 -0.45 60.21 -1.39 0.00 1.32 1.11 2.48
Net Debt to EBITDA		 0.00 0.88 45.21 -1.24 0.00 -0.46 0.07 0.77
Long-Term Debt to EBITDA		 0.00 -0.22 57.09 0.00 0.00 1.32 1.11 2.48
Debt to NOPAT		 0.00 -1.95 -32.07 -1.81 0.00 1.95 1.11 18.63
Net Debt to NOPAT		 0.00 3.85 -24.08 -1.61 0.00 -0.67 0.07 5.78
Long-Term Debt to NOPAT		 0.00 -0.95 -30.41 0.00 0.00 1.95 1.11 18.63
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 2.13 2.47 1.98
Noncontrolling Interest Sharing Ratio		 0.00% 5.73% 8.08% -16.12% 0.00% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 2.62 2.30 0.16 1.58 2.98 1.85 2.03
Quick Ratio		 0.00 2.20 1.92 0.11 0.38 2.39 1.34 1.34
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -5,695 0.00 1,618 5,247 0.00 370 -60
Operating Cash Flow to CapEx		 1,409.52% 676.27% -533.33% -1,555.56% 0.00% 9,566.67% 0.00% -25.69%
Free Cash Flow to Firm to Interest Expense		 0.00 -21.41 0.00 4.07 48.14 0.00 6.06 -0.99
Operating Cash Flow to Interest Expense		 0.00 1.50 -0.61 -1.06 -1.41 4.86 1.44 -0.46
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.28 -0.72 -1.12 -1.28 4.81 5.15 -2.25
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.12 0.14 0.15 0.23 0.43 0.33 0.35
Accounts Receivable Turnover		 0.00 4.08 3.76 3.41 4.58 7.61 6.53 8.10
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 72.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 10.09 6.77 7.32 12.27 11.78 8.76 8.87
Days Sales Outstanding (DSO)		 0.00 89.50 97.17 107.11 79.68 47.99 55.87 45.09
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 36.19 53.92 49.83 29.76 30.98 41.67 41.14
Cash Conversion Cycle (CCC)		 0.00 53.31 43.25 57.28 49.92 17.02 14.20 3.94
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 5,185 6,955 2,200 -3,156 2,773 2,955 3,048
Invested Capital Turnover		 0.00 0.81 0.20 0.21 -1.90 0.54 0.48 0.48
Increase / (Decrease) in Invested Capital		 0.00 5,185 0.00 -4,755 -5,356 0.00 182 93
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 2,154 2,906 2,348
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 2,364 2,869 2,158
Book Value per Share		 $0.00 $0.00 $16.42 ($31.33) ($37.02) $59.65 $39.58 $45.81
Tangible Book Value per Share		 $0.00 $0.00 $16.42 ($31.33) ($37.02) $59.65 $39.58 $45.81
Total Capital		 0.00 7,953 8,473 2,522 -3,716 3,591 3,528 3,471
Total Debt		 0.00 994 6,623 5,662 0.00 608 610 613
Total Long-Term Debt		 0.00 485 6,280 0.00 0.00 608 610 613
Net Debt		 0.00 -1,962 4,973 5,044 -480 -210 37 190
Capital Expenditures (CapEx)		 84 59 48 27 -14 3.00 -226 109
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 419 85 -415 273 41 -78 19
Debt-free Net Working Capital (DFNWC)		 0.00 1,902 1,346 179 726 769 427 384
Net Working Capital (NWC)		 0.00 1,393 1,003 -5,483 726 769 427 384
Net Nonoperating Expense (NNE)		 0.00 2,592 1,016 1,526 478 11 106 110
Net Nonoperating Obligations (NNO)		 0.00 -1,774 5,105 5,340 560 -210 37 190
Total Depreciation and Amortization (D&A)		 790 782 462 440 211 157 172 241
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 20.07% 6.12% -43.18% 30.10% 2.73% -5.63% 1.32%
Debt-free Net Working Capital to Revenue		 0.00% 91.09% 96.97% 18.63% 80.04% 51.20% 30.83% 26.72%
Net Working Capital to Revenue		 0.00% 66.71% 72.26% -570.55% 80.04% 51.20% 30.83% 26.72%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($12.18) ($46.43) ($5.85) $4.23 $6.56 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($12.18) ($46.43) ($5.85) $4.12 $6.37 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 100.23M 100.38M 100.38M 73.71M 62.16M 62.45M
Normalized Net Operating Profit after Tax (NOPAT)		 0.00 149 -207 -272 -36 321 141 49
Normalized NOPAT Margin		 0.00% 7.14% -14.88% -28.26% -3.94% 21.36% 10.21% 3.41%
Pre Tax Income Margin		 0.00% -145.40% -54.76% -461.08% -63.07% 21.11% 24.04% -3.55%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 -11.29 -0.84 -11.37 -4.28 5.15 6.20 0.10
NOPAT to Interest Expense		 0.00 -1.92 -0.49 -7.88 -1.00 5.28 9.05 0.54
EBIT Less CapEx to Interest Expense		 0.00 -11.52 -0.95 -11.43 -4.16 5.10 9.90 -1.69
NOPAT Less CapEx to Interest Expense		 0.00 -2.14 -0.60 -7.95 -0.87 5.23 12.75 -1.25
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% -0.66% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -0.66% 0.00% 89.00% 119.28% 0.00%

Quarterly Metrics And Ratios for Seadrill

This table displays calculated financial ratios and metrics derived from Seadrill's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - 62,449,447.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 62,449,447.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.11
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% -8.72% 0.53% 2.54% 25.26% 6.87%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% -46.90% -84.57% -13.98% 185.00% 61.67%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% -94.59% -102.50% -56.00% 50.00% 525.00%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -467.50% -98.52% -52.81% 0.00% 95.83%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% -123.33% -116.60% -134.38% -109.90% 50.00%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -128.40% -119.48% -134.69% 0.00% 52.17%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -193.10% -86.08% 203.70% -671.43% 18.52%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 97.81%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 2.02%
Revenue Q/Q Growth		 0.00% 2.18% -5.60% -18.36% 0.00% 12.54% -3.71% -0.28% -1.11%
EBITDA Q/Q Growth		 0.00% 186.73% -71.30% -78.49% 0.00% -16.67% 60.00% -28.75% 70.18%
EBIT Q/Q Growth		 0.00% 278.38% -82.14% -152.00% 0.00% -275.00% 414.29% -159.09% 292.31%
NOPAT Q/Q Growth		 0.00% 315.08% -86.45% -105.45% 0.00% 101.67% 333.33% -111.54% -400.00%
Net Income Q/Q Growth		 0.00% 321.67% -87.35% 215.63% 0.00% -200.00% 73.81% 9.09% 30.00%
EPS Q/Q Growth		 0.00% 330.86% -85.96% 0.00% 0.00% -195.65% 75.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 172.41% -134.18% 125.93% 0.00% 140.74% 154.55% -242.86% 45.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 8.80% 0.60% 96.79% 24.82%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -1.03% -0.13% 2.35% 0.85%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 45.50% 52.27% 46.05% 38.06% 42.09% 48.01% 44.35% 44.20% 46.65%
EBITDA Margin		 30.79% 86.40% 26.27% 6.92% 17.91% 13.26% 22.04% 15.75% 27.10%
Operating Margin		 21.80% 76.80% 13.28% -1.04% 5.37% 1.59% 7.16% -0.83% 6.70%
EBIT Margin		 20.16% 74.67% 14.12% -9.00% 1.19% -1.86% 6.06% -3.59% 6.98%
Profit (Net Income) Margin		 16.35% 67.47% 9.04% 34.95% -4.18% -11.14% -3.03% -2.76% -1.96%
Tax Burden Percent		 85.71% 98.83% 82.05% -315.63% -1,400.00% 323.08% 0.00% 25.64% -43.75%
Interest Burden Percent		 94.59% 91.43% 78.00% 123.08% 25.00% 185.71% 0.00% 300.00% 64.00%
Effective Tax Rate		 14.29% 1.17% 17.95% 0.00% 1,500.00% 0.00% 0.00% 0.00% 143.75%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -0.34% -67.56% 1.01% 4.59% -0.28% -1.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 278.31% 385.77% -82.23% -47.09% -7.24% 0.73%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 3.53% 13.93% -3.18% -1.86% -0.28% 0.04%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 3.19% -53.63% -2.17% 2.74% -0.56% -1.37%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 12.51% 0.00% 0.00% 0.00% -2.00% -0.79%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% -2.98% 0.40% -0.62% 2.03% -1.27% 2.53%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 11.56% -1.39% -3.71% -1.02% -0.98% -0.71%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 3.19% -53.62% -2.17% 2.74% -0.56% -1.37%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 12.79% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 69 285 39 -2.10 -252 4.20 18 -2.10 -11
NOPAT Margin		 18.68% 75.90% 10.89% -0.73% -75.22% 1.11% 5.01% -0.58% -2.93%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -278.65% -453.33% 83.24% 51.68% 6.96% -2.13%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -0.06% -7.16% 0.12% 0.52% -0.06% -0.30%
Cost of Revenue to Revenue		 54.50% 47.73% 53.95% 61.94% 57.91% 51.99% 55.65% 55.80% 53.35%
SG&A Expenses to Revenue		 6.81% 6.40% 7.63% 10.73% 6.87% 6.90% 7.44% 7.46% 6.98%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.71% -24.53% 32.77% 39.10% 36.72% 46.42% 37.19% 45.03% 39.94%
Earnings before Interest and Taxes (EBIT)		 74 280 50 -26 4.00 -7.00 22 -13 25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 113 324 93 20 60 50 80 57 97
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.98 0.53 0.57 0.66 0.76 1.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.98 0.53 0.57 0.66 0.76 1.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 2.07 1.15 1.21 1.38 1.50 1.95
Price to Earnings (P/E)		 0.00 0.00 0.00 6.43 4.18 21.21 55.29 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 15.54% 23.94% 4.71% 1.81% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.98 0.55 0.59 0.67 0.77 1.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 2.10 1.23 1.29 1.46 1.63 2.10
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 5.28 3.34 7.82 9.49 9.51 10.79
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 7.69 5.39 83.07 0.00 391.36 113.50
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 5.27 3.36 36.65 60.57 71.37 82.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 33.03 51.85 0.00 104.89 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.21 0.21 0.21 0.21 0.21 0.22
Long-Term Debt to Equity		 0.00 0.00 0.00 0.21 0.21 0.21 0.21 0.21 0.22
Financial Leverage		 0.00 0.00 0.00 0.01 0.04 0.04 0.04 0.04 0.06
Leverage Ratio		 0.00 0.00 0.00 1.42 1.40 1.42 1.42 1.40 1.40
Compound Leverage Factor		 0.00 0.00 0.00 1.75 0.35 2.63 0.00 4.21 0.90
Debt to Total Capital		 0.00% 0.00% 0.00% 17.29% 17.36% 17.57% 17.60% 17.66% 17.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 17.29% 17.36% 17.57% 17.60% 17.66% 17.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 82.70% 82.63% 82.42% 82.39% 82.33% 82.27%
Debt to EBITDA		 0.00 0.00 0.00 1.11 1.23 2.74 2.91 2.48 2.16
Net Debt to EBITDA		 0.00 0.00 0.00 0.07 0.21 0.50 0.54 0.77 0.79
Long-Term Debt to EBITDA		 0.00 0.00 0.00 1.11 1.23 2.74 2.91 2.48 2.16
Debt to NOPAT		 0.00 0.00 0.00 1.11 1.24 12.86 18.60 18.63 16.55
Net Debt to NOPAT		 0.00 0.00 0.00 0.07 0.21 2.33 3.43 5.78 6.01
Long-Term Debt to NOPAT		 0.00 0.00 0.00 1.11 1.24 12.86 18.60 18.63 16.55
Altman Z-Score		 0.00 0.00 0.00 2.15 1.58 1.56 1.71 1.97 2.30
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 1.85 2.01 1.87 1.89 2.03 1.94
Quick Ratio		 0.00 0.00 0.00 1.34 1.37 1.33 1.32 1.34 1.26
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -3,265 -2,978 -2,960 -95 -72
Operating Cash Flow to CapEx		 126.09% 183.72% -50.94% 0.00% -60.00% 47.83% 147.37% -181.82% -169.23%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -217.67 -198.52 -197.32 -5.94 -4.77
Operating Cash Flow to Interest Expense		 1.93 4.94 -1.80 0.47 -1.80 0.73 1.87 -2.50 -1.47
Operating Cash Flow Less CapEx to Interest Expense		 0.40 2.25 -5.33 0.93 -4.80 -0.80 0.60 -3.88 -2.33
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.33 0.33 0.33 0.34 0.35 0.36
Accounts Receivable Turnover		 0.00 0.00 0.00 6.53 9.46 7.06 7.62 8.10 8.02
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 8.76 9.53 10.41 10.71 8.87 10.01
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 55.87 38.58 51.72 47.90 45.09 45.50
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 41.67 38.32 35.06 34.09 41.14 36.45
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 14.20 0.26 16.66 13.81 3.94 9.05
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 2,955 3,013 2,982 2,978 3,048 3,074
Invested Capital Turnover		 0.00 0.00 0.00 0.47 0.90 0.91 0.92 0.48 0.48
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 3,013 2,982 2,978 93 61
Enterprise Value (EV)		 0.00 0.00 0.00 2,906 1,659 1,744 1,993 2,348 3,064
Market Capitalization		 3,707 3,796 2,929 2,869 1,554 1,633 1,880 2,158 2,841
Book Value per Share		 $0.00 $0.00 $0.00 $39.58 $46.77 $46.13 $46.04 $45.81 $45.65
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $39.58 $46.77 $46.13 $46.04 $45.81 $45.65
Total Capital		 0.00 0.00 0.00 3,528 3,519 3,483 3,477 3,471 3,465
Total Debt		 0.00 0.00 0.00 610 611 612 612 613 614
Total Long-Term Debt		 0.00 0.00 0.00 610 611 612 612 613 614
Net Debt		 0.00 0.00 0.00 37 105 111 113 190 223
Capital Expenditures (CapEx)		 23 43 53 -7.00 45 23 19 22 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -78 -28 -37 -37 19 65
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 427 402 382 391 384 394
Net Working Capital (NWC)		 0.00 0.00 0.00 427 402 382 391 384 394
Net Nonoperating Expense (NNE)		 8.57 32 6.56 -103 -238 46 29 7.90 -3.50
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 37 105 111 113 190 223
Total Depreciation and Amortization (D&A)		 39 44 43 46 56 57 58 70 72
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -5.63% -2.07% -2.73% -2.71% 1.32% 4.45%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 30.83% 29.71% 28.19% 28.67% 26.72% 26.99%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 30.83% 29.71% 28.19% 28.67% 26.72% 26.99%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.23) ($0.68) ($0.17) $0.00 ($0.11)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.23) ($0.68) ($0.17) $0.00 ($0.11)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 62.16M 62.23M 62.23M 62.37M 62.45M 62.53M
Normalized Net Operating Profit after Tax (NOPAT)		 70 87 40 9.80 13 4.20 19 -1.40 18
Normalized NOPAT Margin		 19.15% 23.19% 11.36% 3.39% 3.76% 1.11% 5.21% -0.39% 4.89%
Pre Tax Income Margin		 19.07% 68.27% 11.02% -11.07% 0.30% -3.45% 0.00% -10.77% 4.47%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 4.93 17.50 3.33 -1.73 0.27 -0.47 1.47 -0.81 1.67
NOPAT to Interest Expense		 4.57 17.79 2.57 -0.14 -16.80 0.28 1.21 -0.13 -0.70
EBIT Less CapEx to Interest Expense		 3.40 14.81 -0.20 -1.27 -2.73 -2.00 0.20 -2.19 0.80
NOPAT Less CapEx to Interest Expense		 3.04 15.10 -0.96 0.33 -19.80 -1.25 -0.05 -1.51 -1.57
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 119.28% 111.02% 377.92% 297.06% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Seadrill’s latest quarter shows a business that is still generating solid revenue, but profitability and cash flow weakened sharply versus recent quarters. In Q1 2026, revenue came in at $358 million, roughly flat with late 2025 levels, but the company posted a net loss of $7 million and negative operating cash flow of $22 million. The balance sheet remains relatively strong, with $304 million of cash and $2.85 billion of common equity, but the first-quarter cash burn and weaker earnings trend are worth watching closely.

  • Revenue remains relatively stable. Q1 2026 revenue of $358 million was only slightly below Q4 2025 and still in line with the prior few quarters, suggesting the core business is holding up.
  • Gross profit stayed healthy. Seadrill generated $167 million of gross profit in Q1 2026, which implies the company is still producing meaningful margin before overhead and financing costs.
  • The balance sheet still has significant equity. Total common equity was $2.85 billion at March 31, 2026, which provides a buffer against short-term volatility.
  • Cash and equivalents remain substantial. Seadrill ended Q1 2026 with $304 million in cash and equivalents, plus $25 million of restricted cash.
  • Long-term debt is manageable relative to assets, but still important. Long-term debt totaled $614 million at quarter-end, which is not extreme compared with total assets of $3.99 billion, but it still creates ongoing interest burden.
  • Capital spending is modest. The company spent $13 million on property and equipment in Q1 2026, suggesting maintenance capital needs may be restrained for now.
  • Shares outstanding were basically unchanged. Weighted average diluted shares in Q1 2026 were 62.5 million, indicating little dilution in the period.
  • Profitability turned negative again. Seadrill reported a net loss of $7 million in Q1 2026, versus net income of $101 million in Q4 2024 and positive earnings in parts of 2024.
  • Operating cash flow was negative. Net cash from operating activities was -$22 million in Q1 2026, reversing from positive cash generation in some earlier periods.
  • Margins compressed versus recent quarters. Operating income fell to $24 million in Q1 2026 from $26 million in Q3 2025 and moved sharply below the stronger 2024 results.
  • Interest and tax pressure are still meaningful. Interest expense was $15 million in Q1 2026, and income tax expense of $23 million pushed the company into a net loss despite positive pre-tax income.
  • Cash declined during the quarter. Cash and equivalents fell from $402 million in Q3 2025 to $304 million in Q1 2026, reflecting weaker operating performance and outflows.

Bottom line: Seadrill still looks financially supported by a sizable cash position and equity base, but the latest quarter points to softer earnings quality and negative operating cash flow. For retail investors, the key question is whether the company can stabilize margins and return to consistent cash generation, rather than just showing uneven quarterly results.

06/10/26 06:59 AM ETAI Generated. May Contain Errors.

Seadrill Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Seadrill's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Seadrill's net income appears to be on a downward trend, with a most recent value of -$77 million in 2025, falling from $0.00 in 2016. The previous period was $446 million in 2024. Check out Seadrill's forecast to explore projected trends and price targets.

Seadrill's total operating income in 2025 was $47 million, based on the following breakdown:
  • Total Gross Profit: $643 million
  • Total Operating Expenses: $596 million

Over the last 7 years, Seadrill's total revenue changed from $0.00 in 2016 to $1.44 billion in 2025, a change of 143,700,000,000.0%.

Seadrill's total liabilities were at $1.09 billion at the end of 2025, a 12.0% decrease from 2024, and a 90.1% decrease since 2017.

In the past 8 years, Seadrill's cash and equivalents has ranged from $293 million in 2021 to $1.54 billion in 2018, and is currently $339 million as of their latest financial filing in 2025.

Over the last 7 years, Seadrill's book value per share changed from 0.00 in 2016 to 45.81 in 2025, a change of 4,581.4%.


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Financial statements for NYSE:SDRL last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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