Oil & Gas Drilling
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SDRL vs NE
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Drilling
SDRL vs NE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Drilling | Oil & Gas Drilling |
| Market Cap | $3.01B | $7.83B |
| Revenue (TTM) | $1.43B | $3.20B |
| Net Income (TTM) | $-77M | $229M |
| Gross Margin | 16.2% | 22.4% |
| Operating Margin | 4.8% | 16.8% |
| Forward P/E | 63.1x | 45.0x |
| Total Debt | $613M | $1.98B |
| Cash & Equiv. | $339M | $471M |
SDRL vs NE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 22 | May 26 | Return |
|---|---|---|---|
| Seadrill Limited (SDRL) | 100 | 153.4 | +53.4% |
| Noble Corporation P… (NE) | 100 | 136.2 | +36.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SDRL vs NE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SDRL is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.92, Low D/E 21.4%, current ratio 2.03x
NE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 3 yrs, beta 0.92, yield 4.1%
- Rev growth 7.4%, EPS growth -54.4%, 3Y rev CAGR 32.5%
- 120.5% 10Y total return vs SDRL's 82.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.4% revenue growth vs SDRL's 3.8% | |
| Value | Lower P/E (45.0x vs 63.1x) | |
| Quality / Margins | 7.2% margin vs SDRL's -5.4% | |
| Stability / Safety | Beta 0.92 vs SDRL's 0.92 | |
| Dividends | 4.1% yield; 3-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +125.4% vs SDRL's +110.4% | |
| Efficiency (ROA) | 3.0% ROA vs SDRL's -2.0%, ROIC 6.2% vs 1.7% |
SDRL vs NE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SDRL vs NE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NE leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NE is the larger business by revenue, generating $3.2B annually — 2.2x SDRL's $1.4B. NE is the more profitable business, keeping 7.2% of every revenue dollar as net income compared to SDRL's -5.4%. On growth, SDRL holds the edge at +25.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.4B | $3.2B |
| EBITDAEarnings before interest/tax | $307M | $1.1B |
| Net IncomeAfter-tax profit | -$77M | $229M |
| Free Cash FlowCash after capex | -$92M | $444M |
| Gross MarginGross profit ÷ Revenue | +16.2% | +22.4% |
| Operating MarginEBIT ÷ Revenue | +4.8% | +16.8% |
| Net MarginNet income ÷ Revenue | -5.4% | +7.2% |
| FCF MarginFCF ÷ Revenue | -6.5% | +13.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +25.3% | -10.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -110.0% | +11.9% |
Valuation Metrics
SDRL leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, NE's 8.5x EV/EBITDA is more attractive than SDRL's 10.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.0B | $7.8B |
| Enterprise ValueMkt cap + debt − cash | $3.3B | $9.3B |
| Trailing P/EPrice ÷ TTM EPS | -38.97x | 36.36x |
| Forward P/EPrice ÷ next-FY EPS est. | 63.13x | 45.02x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.68x | 8.48x |
| Price / SalesMarket cap ÷ Revenue | 2.10x | 2.38x |
| Price / BookPrice ÷ Book value/share | 1.05x | 1.73x |
| Price / FCFMarket cap ÷ FCF | — | 18.11x |
Profitability & Efficiency
NE leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NE delivers a 5.0% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $-3 for SDRL. SDRL carries lower financial leverage with a 0.21x debt-to-equity ratio, signaling a more conservative balance sheet compared to NE's 0.43x. On the Piotroski fundamental quality scale (0–9), NE scores 5/9 vs SDRL's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.7% | +5.0% |
| ROA (TTM)Return on assets | -2.0% | +3.0% |
| ROICReturn on invested capital | +1.7% | +6.2% |
| ROCEReturn on capital employed | +1.9% | +7.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.21x | 0.43x |
| Net DebtTotal debt minus cash | $274M | $1.5B |
| Cash & Equiv.Liquid assets | $339M | $471M |
| Total DebtShort + long-term debt | $613M | $2.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.05x | 3.26x |
Total Returns (Dividends Reinvested)
NE leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NE five years ago would be worth $22,052 today (with dividends reinvested), compared to $18,234 for SDRL. Over the past 12 months, NE leads with a +125.4% total return vs SDRL's +110.4%. The 3-year compound annual growth rate (CAGR) favors NE at 13.8% vs SDRL's 9.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +38.3% | +71.0% |
| 1-Year ReturnPast 12 months | +110.4% | +125.4% |
| 3-Year ReturnCumulative with dividends | +30.3% | +47.4% |
| 5-Year ReturnCumulative with dividends | +82.3% | +120.5% |
| 10-Year ReturnCumulative with dividends | +82.3% | +120.5% |
| CAGR (3Y)Annualised 3-year return | +9.2% | +13.8% |
Risk & Volatility
Evenly matched — SDRL and NE each lead in 1 of 2 comparable metrics.
Risk & Volatility
NE is the less volatile stock with a 0.92 beta — it tends to amplify market swings less than SDRL's 0.92 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SDRL currently trades 96.2% from its 52-week high vs NE's 89.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.92x | 0.92x |
| 52-Week HighHighest price in past year | $50.23 | $54.57 |
| 52-Week LowLowest price in past year | $22.30 | $22.37 |
| % of 52W HighCurrent price vs 52-week peak | +96.2% | +89.9% |
| RSI (14)Momentum oscillator 0–100 | 59.6 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 690K | 1.6M |
Analyst Outlook
NE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates SDRL as "Hold" and NE as "Hold". Consensus price targets imply -2.7% upside for SDRL (target: $47) vs -6.7% for NE (target: $46). NE is the only dividend payer here at 4.07% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $47.00 | $45.80 |
| # AnalystsCovering analysts | 37 | 51 |
| Dividend YieldAnnual dividend ÷ price | — | +4.1% |
| Dividend StreakConsecutive years of raises | 1 | 3 |
| Dividend / ShareAnnual DPS | — | $2.00 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% |
NE leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SDRL leads in 1 (Valuation Metrics). 1 tied.
SDRL vs NE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SDRL or NE a better buy right now?
For growth investors, Noble Corporation Plc (NE) is the stronger pick with 7.
4% revenue growth year-over-year, versus 3. 8% for Seadrill Limited (SDRL). Noble Corporation Plc (NE) offers the better valuation at 36. 4x trailing P/E (45. 0x forward), making it the more compelling value choice. Analysts rate Seadrill Limited (SDRL) a "Hold" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SDRL or NE?
On forward P/E, Noble Corporation Plc is actually cheaper at 45.
0x.
03Which is the better long-term investment — SDRL or NE?
Over the past 5 years, Noble Corporation Plc (NE) delivered a total return of +120.
5%, compared to +82. 3% for Seadrill Limited (SDRL). Over 10 years, the gap is even starker: NE returned +120. 5% versus SDRL's +82. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SDRL or NE?
By beta (market sensitivity over 5 years), Noble Corporation Plc (NE) is the lower-risk stock at 0.
92β versus Seadrill Limited's 0. 92β — meaning SDRL is approximately 0% more volatile than NE relative to the S&P 500. On balance sheet safety, Seadrill Limited (SDRL) carries a lower debt/equity ratio of 21% versus 43% for Noble Corporation Plc — giving it more financial flexibility in a downturn.
05Which is growing faster — SDRL or NE?
By revenue growth (latest reported year), Noble Corporation Plc (NE) is pulling ahead at 7.
4% versus 3. 8% for Seadrill Limited (SDRL). On earnings-per-share growth, the picture is similar: Noble Corporation Plc grew EPS -54. 4% year-over-year, compared to -119. 5% for Seadrill Limited. Over a 3-year CAGR, NE leads at 32. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SDRL or NE?
Noble Corporation Plc (NE) is the more profitable company, earning 6.
6% net margin versus -5. 4% for Seadrill Limited — meaning it keeps 6. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NE leads at 15. 7% versus 4. 9% for SDRL. At the gross margin level — before operating expenses — NE leads at 19. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SDRL or NE more undervalued right now?
On forward earnings alone, Noble Corporation Plc (NE) trades at 45.
0x forward P/E versus 63. 1x for Seadrill Limited — 18. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SDRL: -2. 7% to $47. 00.
08Which pays a better dividend — SDRL or NE?
In this comparison, NE (4.
1% yield) pays a dividend. SDRL does not pay a meaningful dividend and should not be held primarily for income.
09Is SDRL or NE better for a retirement portfolio?
For long-horizon retirement investors, Noble Corporation Plc (NE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
92), 4. 1% yield, +120. 5% 10Y return). Both have compounded well over 10 years (NE: +120. 5%, SDRL: +82. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SDRL and NE?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SDRL is a small-cap quality compounder stock; NE is a small-cap income-oriented stock. NE pays a dividend while SDRL does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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