Seadrill Ltd SDRL

Energy SIC 1381 - Drilling Oil & Gas Wells NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Drilling Oil and Gas Wells derived NYSE

We are an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Our primary business is the ownership and operation of drillships and semi-submersible rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. We contract our drilling units to drill wells for our customers on a dayrate basis. Our customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. In addition, we provide management services to certain affiliated entities.

As of December 31, 2025, we owned a total of 15 drilling units, of which 10 were operating, one was undergoing capital upgrade projects for a contract commencing in the second quarter of 2026, one was undergoing repairs and maintenance projects and three were cold stacked. The 10 operating units include nine benign floaters (comprising six 7th generation drillships, two 6th generation drillships and one benign environment semi-submersible) and one harsh environment jackup. In addition to our owned assets, as of December 31, 2025, we managed two drilling units owned by Sonangol.

Last close 52.35 2026-10-23
Market cap $3.27B 2026-06-30 share count
52-week range 28.10 - 55.47

Valuation FY2025 figures against the last close

P/S3.0x
P/E—
P/FCF—
EV/EBITDA12.4x
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.09B$1.01B$1.15B—$663.0M$605.0M$863.0M—$1.89B—
SG&A $103.0M$107.0M$74.0M—$67.0M$74.0M$91.0M—$277.0M—
Total operating expenses $1.37B$1.22B$1.19B—$1.01B$1.36B$1.59B—$1.90B—
Operating income $47.0M$412.0M$329.0M—-$156.0M-$4.48B-$296.0M—-$728.0M—
Interest expense $61.0M$61.0M$59.0M—$109.0M$398.0M$407.0M—$285.0M—
Pre-tax income -$51.0M$333.0M$317.0M—-$572.0M-$4.43B-$747.0M—-$3.04B—
Income tax $26.0M$113.0M$17.0M—$0$1.0M$44.0M—$66.0M—
Net income -$77.0M$446.0M$300.0M$3.91B-$587.0M-$4.66B-$1.22B—-$2.97B—
EPS, basic —6.564.23—-5.85-46.43-12.18—-5.89—
EPS, diluted —6.374.12—-5.85-46.43-12.18—-5.89—
Shares, diluted (wtd. avg.) 65.0M71.0M74.0M—100.0M100.0M100.0M—505.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $339.0M$478.0M$697.0M$480.0M$336.0M$653.0M$485.0M$1.57B$1.36B$1.44B
Short-term investments —————$8.0M$11.0M$57.0M——
Receivables $162.0M$193.0M$222.0M$137.0M$169.0M$110.0M$173.0M$208.0M——
Total current assets $758.0M$928.0M$1.16B$857.0M$903.0M$1.08B$1.77B$2.77B——
Property, plant and equipment ———————$6.66B——
Other intangibles —————$10.0M————
Total assets $3.95B$4.16B$4.22B$2.80B$2.98B$3.98B$9.28B$10.85B——
Accounts payable $61.0M$118.0M$53.0M$76.0M$53.0M$41.0M$86.0M$82.0M——
Short-term debt ——$0$22.0M$350.0M$5.54B$343.0M$33.0M——
Total current liabilities $374.0M$501.0M$389.0M$404.0M$350.0M$6.56B$770.0M$464.0M——
Long-term debt $613.0M$610.0M$608.0M$496.0M$951.0M$5.54B$6.28B$6.88B——
Retained earnings $870.0M$947.0M$501.0M$201.0M-$7.21B-$6.63B-$1.85B-$611.0M——
Total equity $2.86B$2.92B$2.98B$1.70B$1.50B-$3.14B$1.65B$3.04B$6.96B$10.06B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$28.0M$88.0M$287.0M—-$154.0M-$420.0M-$256.0M—$399.0M—
Depreciation and amortisation $238.0M$168.0M$155.0M—$127.0M$319.0M$397.0M—$798.0M—
Stock-based compensation $20.0M$17.0M$8.0M———$5.0M—$7.0M—
Capital expenditure ————$84.0M$137.0M$153.0M—$150.0M—
Investing cash flow -$113.0M$226.0M$42.0M—$37.0M-$32.0M-$26.0M—$358.0M—
Financing cash flow -$3.0M-$532.0M-$200.0M—$0-$163.0M-$367.0M—-$846.0M—
Buybacks $0$532.0M$263.0M—$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015486.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B -2.5B 0 2.5B 5B Revenue, FY2017: 1.9B Net income, FY2017: -3B Revenue, FY2019: 863M Net income, FY2019: -1.2B Revenue, FY2020: 605M Net income, FY2020: -4.7B Revenue, FY2021: 663M Net income, FY2021: -587M Net income, FY2022: 3.9B Revenue, FY2023: 1.2B Net income, FY2023: 300M Revenue, FY2024: 1B Net income, FY2024: 446M Revenue, FY2025: 1.1B Net income, FY2025: -77M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.89B — $863.0M $605.0M $663.0M — $1.15B $1.01B $1.09B
Gross profit — — — — — — — — — —
Net income — -$2.97B — -$1.22B -$4.66B -$587.0M $3.91B $300.0M $446.0M -$77.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 1381

TickerCompanyMarket capP/ERevenue growth
NE Noble Corp plc $7.61B 35.3x 7.4%
RIG Transocean Ltd. $7.16B — 12.5%
VAL Valaris Ltd $6.76B 7.0x 24.0%
PTEN PATTERSON UTI ENERGY INC $4.57B — -9.8%
HP Helmerich & Payne, Inc. $3.89B — 34.0%
HPK HighPeak Energy, Inc. $1.46B 82.6x -22.7%
NBR NABORS INDUSTRIES LTD $1.29B 4.7x 8.7%
BTE BAYTEX ENERGY CORP. — — —