Transocean Ltd. (RIG) 10-Year Financial Performance & Capital Metrics

RIG • • Industrial / General

EnergyOil & Gas DrillingOffshore Drilling ContractorsDeepwater & Harsh Environment Specialists

AboutTransocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. As of February 14, 2022, the company had partial ownership interests in and operated a fleet of 37 mobile offshore drilling units, including 27 ultra-deep water and 10 harsh environment floaters. It serves integrated energy companies, government-owned or government-controlled oil companies, and other independent energy companies. The company was founded in 1926 and is based in Steinhausen, Switzerland.Show more

Revenue $3.52B +24.4%
EBITDA $326M -30.8%
Net Income -$512M +46.3%
EPS (Diluted) -0.60 +51.6%
Gross Margin 38.31% +24.4%
EBITDA Margin 9.25% -44.4%
Operating Margin -11.83% -3.1%
Net Margin -14.53% +56.9%
ROE -4.95% +45.0%
ROIC -1.81% -31.9%
Debt/Equity 0.70 -6.5%
Interest Coverage -1.15 -129.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)
✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗Shares diluted 20.4% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.12%

5Y2.68%

3Y11.3%

TTM16.93%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-370.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM-345.33%

ROCE

10Y Avg-1.64%

5Y Avg-1.41%

3Y Avg-1.39%

Latest-2.28%

Peer Comparison

Deepwater & Harsh Environment Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NENoble Corporation Plc	5.24B	32.98	11.14	18.11%	6.57%	5%	1.53%	0.45
SDRLSeadrill Limited	2.19B	35.19	5.52	-5.78%	2.51%	1.19%		0.21
RIGTransocean Ltd.	4.78B	4.34	-7.23	24.44%	-75.71%	-36.31%	4.04%	0.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.39B	4.16B	2.97B	3.02B	3.09B	3.15B	2.56B	2.58B	2.83B	3.52B
Revenue Growth %	-0.19%	-0.44%	-0.29%	0.02%	0.02%	0.02%	-0.19%	0.01%	0.1%	0.24%
Cost of Goods Sold+	3.74B	1.93B	1.39B	1.8B	2.13B	1.98B	1.69B	1.67B	1.96B	2.17B
COGS % of Revenue	0.51%	0.46%	0.47%	0.6%	0.69%	0.63%	0.66%	0.65%	0.69%	0.62%
Gross Profit+	3.64B	2.23B	1.34B	1.22B	957M	1.17B	871M	907M	872M	1.35B
Gross Margin %	0.49%	0.54%	0.45%	0.4%	0.31%	0.37%	0.34%	0.35%	0.31%	0.38%
Gross Profit Growth %	-0.11%	-0.39%	-0.4%	-0.09%	-0.21%	0.23%	-0.26%	0.04%	-0.04%	0.55%
Operating Expenses+	2.28B	1.12B	3.85B	2.47B	1.68B	1.67B	983M	938M	1.2B	1.77B
OpEx % of Revenue	0.31%	0.27%	1.29%	0.82%	0.54%	0.53%	0.38%	0.36%	0.42%	0.5%
Selling, General & Admin	192M	152M	152M	147M	192M	209M	161M	180M	192M	216M
SG&A % of Revenue	0.03%	0.04%	0.05%	0.05%	0.06%	0.07%	0.06%	0.07%	0.07%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.09B	972M	3.69B	2.32B	1.49B	1.46B	822M	758M	1B	1.55B
Operating Income+	1.36B	1.11B	-2.5B	-1.25B	-721M	-493M	-112M	-31M	-325M	-417M
Operating Margin %	0.18%	0.27%	-0.84%	-0.41%	-0.23%	-0.16%	-0.04%	-0.01%	-0.11%	-0.12%
Operating Income Growth %	2.01%	-0.19%	-3.26%	0.5%	0.42%	0.32%	0.77%	0.72%	-9.48%	-0.28%
EBITDA+	2.31B	2B	-1.67B	-321M	321M	503M	850M	821M	471M	326M
EBITDA Margin %	0.31%	0.48%	-0.56%	-0.11%	0.1%	0.16%	0.33%	0.32%	0.17%	0.09%
EBITDA Growth %	11.37%	-0.14%	-1.84%	0.81%	2%	0.57%	0.69%	-0.03%	-0.43%	-0.31%
D&A (Non-Cash Add-back)	948M	893M	832M	930M	1.04B	996M	962M	852M	796M	743M
EBIT	2.49B	1.19B	358M	254M	-90M	184M	-32M	-8M	-64M	395M
Net Interest Income+	-410M	-389M	-448M	-567M	-617M	-554M	-432M	-534M	-594M	-312M
Interest Income	22M	20M	43M	53M	43M	21M	15M	27M	52M	50M
Interest Expense	432M	409M	491M	620M	660M	575M	447M	561M	646M	362M
Other Income/Expense	-350M	-172M	-498M	-524M	-477M	-48M	-358M	-531M	-616M	-106M
Pretax Income+	1.03B	934M	-3B	-1.77B	-1.2B	-541M	-470M	-562M	-941M	-523M
Pretax Margin %	0.14%	0.22%	-1.01%	-0.59%	-0.39%	-0.17%	-0.18%	-0.22%	-0.33%	-0.15%
Income Tax+	206M	103M	94M	228M	59M	27M	121M	59M	13M	-11M
Effective Tax Rate %	0.77%	0.84%	1.04%	1.12%	1.05%	1.05%	1.26%	1.1%	1.01%	0.98%
Net Income+	791M	782M	-3.13B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Net Margin %	0.11%	0.19%	-1.05%	-0.66%	-0.41%	-0.18%	-0.23%	-0.24%	-0.34%	-0.15%
Net Income Growth %	1.41%	-0.01%	-5%	0.36%	0.37%	0.55%	-0.04%	-0.05%	-0.54%	0.46%
Net Income (Continuing)	895M	827M	-3.1B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Discontinued Operations	2M	0	0	0	0	0	0	0	0	0
Minority Interest	310M	3M	4M	7M	5M	3M	1M	1M	1M	1M
EPS (Diluted)+	2.16	2.10	-8.00	-4.26	-2.05	-0.92	-0.93	-0.89	-1.24	-0.60
EPS Growth %	1.41%	-0.03%	-4.81%	0.47%	0.52%	0.55%	-0.01%	0.04%	-0.39%	0.52%
EPS (Basic)	2.16	2.10	-8.00	-4.26	-2.05	-0.92	-0.93	-0.89	-1.24	-0.60
Diluted Shares Outstanding	363M	367M	391M	468M	612M	615M	637M	699M	768M	925M
Basic Shares Outstanding	363M	367M	390.88M	468M	612M	615M	637M	699M	768M	850M
Dividend Payout Ratio	0.48%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.79B	5.1B	4.61B	3.95B	3.64B	2.74B	2.44B	2.01B	2.13B	2.45B
Cash & Short-Term Investments	2.34B	3.05B	2.97B	2.16B	1.79B	1.15B	976M	683M	995M	560M
Cash Only	2.34B	3.05B	2.52B	2.16B	1.79B	1.15B	976M	683M	762M	560M
Short-Term Investments	0	0	450M	0	0	0	0	0	233M	0
Accounts Receivable	1.4B	898M	596M	604M	654M	583M	492M	485M	512M	567M
Days Sales Outstanding	69.18	78.77	73.17	73.05	77.3	67.51	70.26	68.75	65.99	58.73
Inventory	635M	561M	418M	474M	479M	434M	392M	388M	426M	0
Days Inventory Outstanding	61.92	106.04	109.84	96.17	82.04	80.09	84.91	84.9	79.33	-
Other Current Assets	489M	587M	623M	710M	717M	569M	584M	452M	193M	1.32B
Total Non-Current Assets+	21.54B	21.79B	17.8B	21.72B	20.46B	19.06B	18.24B	18.43B	18.13B	16.92B
Property, Plant & Equipment	20.82B	21.09B	17.4B	20.41B	18.85B	17.67B	17.1B	17.47B	16.94B	15.83B
Fixed Asset Turnover	0.35x	0.20x	0.17x	0.15x	0.16x	0.18x	0.15x	0.15x	0.17x	0.22x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	795M	608M	393M	173M	56M	4M	0
Long-Term Investments	127M	44M	23M	124M	191M	104M	57M	54M	216M	123M
Other Non-Current Assets	410M	400M	355M	324M	799M	891M	902M	836M	923M	920M
Total Assets+	26.33B	26.89B	22.41B	25.66B	24.11B	21.8B	20.68B	20.44B	20.25B	19.37B
Asset Turnover	0.28x	0.15x	0.13x	0.12x	0.13x	0.14x	0.12x	0.13x	0.14x	0.18x
Asset Growth %	-0.07%	0.02%	-0.17%	0.15%	-0.06%	-0.1%	-0.05%	-0.01%	-0.01%	-0.04%
Total Current Liabilities+	2.67B	1.99B	1.37B	1.46B	1.72B	1.39B	1.3B	1.56B	1.4B	1.66B
Accounts Payable	455M	206M	201M	269M	311M	194M	228M	281M	323M	255M
Days Payables Outstanding	44.37	38.94	52.82	54.58	53.27	35.8	49.39	61.49	60.15	42.81
Short-Term Debt	1.09B	724M	250M	373M	568M	505M	513M	719M	370M	686M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	536M	621M	499M	515M	426M	257M	236M	212M	315M	231M
Current Ratio	1.79x	2.57x	3.36x	2.71x	2.11x	1.98x	1.88x	1.29x	1.52x	1.47x
Quick Ratio	1.55x	2.29x	3.06x	2.38x	1.83x	1.66x	1.57x	1.04x	1.22x	1.47x
Cash Conversion Cycle	86.74	145.87	130.19	114.64	106.08	111.8	105.78	92.16	85.17	-
Total Non-Current Liabilities+	8.85B	9.1B	8.33B	11.09B	10.51B	8.98B	8.17B	8.09B	8.44B	7.42B
Long-Term Debt	6.83B	7.2B	6.63B	9.13B	8.69B	7.3B	6.66B	6.63B	7.04B	6.2B
Capital Lease Obligations	568M	541M	511M	479M	560M	521M	475M	423M	384M	312M
Deferred Tax Liabilities	339M	178M	44M	64M	266M	315M	447M	493M	540M	499M
Other Non-Current Liabilities	938M	763M	660M	1.02B	566M	522M	328M	338M	241M	205M
Total Liabilities	11.52B	11.08B	9.7B	12.55B	12.24B	10.37B	9.47B	9.64B	9.84B	9.09B
Total Debt+	8.49B	8.46B	7.4B	9.98B	9.87B	8.37B	7.69B	7.82B	7.85B	7.25B
Net Debt	6.15B	5.41B	4.88B	7.82B	8.08B	7.22B	6.72B	7.13B	7.09B	6.69B
Debt / Equity	0.57x	0.54x	0.58x	0.76x	0.83x	0.73x	0.69x	0.72x	0.75x	0.70x
Debt / EBITDA	3.67x	4.23x	-	-	30.74x	16.65x	9.05x	9.52x	16.67x	22.23x
Net Debt / EBITDA	2.66x	2.71x	-	-	25.17x	14.35x	7.90x	8.69x	15.05x	20.51x
Interest Coverage	3.16x	2.70x	-5.10x	-2.02x	-1.09x	-0.86x	-0.25x	-0.06x	-0.50x	-1.15x
Total Equity+	14.81B	15.8B	12.71B	13.11B	11.87B	11.44B	11.21B	10.79B	10.42B	10.29B
Equity Growth %	0.06%	0.07%	-0.2%	0.03%	-0.1%	-0.04%	-0.02%	-0.04%	-0.03%	-0.01%
Book Value per Share	40.79	43.07	32.51	28.02	19.39	18.59	17.59	15.44	13.56	11.12
Total Shareholders' Equity	14.5B	15.8B	12.71B	13.11B	11.86B	11.43B	11.21B	10.79B	10.41B	10.28B
Common Stock	5.19B	36M	37M	59M	59M	60M	64M	71M	81M	87M
Retained Earnings	4.14B	5.06B	1.93B	-67M	-1.3B	-1.87B	-2.46B	-3.08B	-4.03B	-4.54B
Treasury Stock	-240M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-334M	-283M	-290M	-279M	-324M	-263M	-84M	-185M	-177M	-138M
Minority Interest	310M	3M	4M	7M	5M	3M	1M	1M	1M	1M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.44B	1.91B	1.14B	558M	340M	398M	575M	448M	164M	447M
Operating CF Margin %	0.47%	0.46%	0.38%	0.18%	0.11%	0.13%	0.22%	0.17%	0.06%	0.13%
Operating CF Growth %	0.55%	-0.45%	-0.4%	-0.51%	-0.39%	0.17%	0.44%	-0.22%	-0.63%	1.73%
Net Income	825M	827M	-3.1B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Depreciation & Amortization	948M	893M	832M	930M	1.04B	996M	962M	852M	796M	743M
Stock-Based Compensation	67M	42M	41M	45M	37M	31M	28M	29M	40M	47M
Deferred Taxes	-78M	68M	89M	-16M	248M	60M	128M	46M	18M	-42M
Other Non-Cash Items	1.96B	-45M	3.21B	1.47B	571M	293M	125M	236M	497M	465M
Working Capital Changes	-278M	126M	68M	129M	-301M	-414M	-77M	-94M	-233M	-254M
Change in Receivables	757M	350M	230M	180M	87M	67M	137M	-15M	0	0
Change in Inventory	87M	-96M	-115M	83M	-64M	-111M	-85M	0	0	0
Change in Payables	-844M	-286M	-115M	-154M	-21M	-254M	-52M	8M	0	0
Cash from Investing+	-1.93B	-1.31B	-587M	-797M	-268M	-257M	-233M	-757M	-423M	-151M
Capital Expenditures	-2B	-1.34B	-497M	-184M	-387M	-265M	-208M	-717M	-427M	-254M
CapEx % of Revenue	0.27%	0.32%	0.17%	0.06%	0.13%	0.08%	0.08%	0.28%	0.15%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	69M	31M	360M	43M	-314M	-243M	-24M	2M	4M	103M
Cash from Financing+	-1.81B	115M	-1.09B	-147M	-312M	-930M	-490M	-112M	263M	-350M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-381M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	78M	9M	99M	-96M	-43M	-36M	-42M	4M	-3M	-17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.44B	567M	647M	374M	-47M	133M	367M	-269M	-263M	193M
FCF Margin %	0.2%	0.14%	0.22%	0.12%	-0.02%	0.04%	0.14%	-0.1%	-0.09%	0.05%
FCF Growth %	25.25%	-0.61%	0.14%	-0.42%	-1.13%	3.83%	1.76%	-1.73%	0.02%	1.73%
FCF per Share	3.98	1.54	1.65	0.80	-0.08	0.22	0.58	-0.38	-0.34	0.21
FCF Conversion (FCF/Net Income)	4.36x	2.44x	-0.37x	-0.28x	-0.27x	-0.70x	-0.97x	-0.72x	-0.17x	-0.87x
Interest Paid	439M	351M	486M	570M	648M	0	0	0	0	0
Taxes Paid	314M	172M	124M	151M	121M	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.5%	5.11%	-21.93%	-15.46%	-10.06%	-4.88%	-5.22%	-5.65%	-9%	-4.95%
Return on Invested Capital (ROIC)	4.83%	3.93%	-9.68%	-4.87%	-2.65%	-1.92%	-0.46%	-0.13%	-1.38%	-1.81%
Gross Margin	49.32%	53.59%	45.14%	40.39%	30.99%	37.25%	34.08%	35.22%	30.79%	38.31%
Net Margin	10.71%	18.79%	-105.18%	-66.14%	-40.71%	-18.02%	-23.12%	-24.12%	-33.69%	-14.53%
Debt / Equity	0.57x	0.54x	0.58x	0.76x	0.83x	0.73x	0.69x	0.72x	0.75x	0.70x
Interest Coverage	3.16x	2.70x	-5.10x	-2.02x	-1.09x	-0.86x	-0.25x	-0.06x	-0.50x	-1.15x
FCF Conversion	4.36x	2.44x	-0.37x	-0.28x	-0.27x	-0.70x	-0.97x	-0.72x	-0.17x	-0.87x
Revenue Growth	-19.49%	-43.66%	-28.55%	1.51%	2.32%	2.07%	-18.91%	0.74%	9.98%	24.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Oil And Gas Service	-	-	-	3.02B	3.09B	-	-	-	-	-
Oil And Gas Service Growth	-	-	-	-	2.32%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	-	-	-	1.57B
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	-	-	-	-	-	-	-	-	-	727M
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-
NORWAY	-	-	-	-	-	-	-	-	-	654M
NORWAY Growth	-	-	-	-	-	-	-	-	-	-
Other Geographical	-	-	-	266M	574M	792M	-	-	-	577M
Other Geographical Growth	-	-	-	-	115.79%	37.98%	-	-	-	-
U.S.	-	-	-	-	-	-	1.1B	1.14B	1.43B	-
U.S. Growth	-	-	-	-	-	-	-	3.56%	26.26%	-
Norway	-	-	-	-	-	-	790M	835M	603M	-
Norway Growth	-	-	-	-	-	-	-	5.70%	-27.78%	-
Other Countries	3.71B	966M	823M	-	-	-	-	573M	498M	-
Other Countries Growth	-	-73.93%	-14.80%	-	-	-	-	-	-13.09%	-
Brazil	-	-	-	-	-	-	-	-	298M	-
Brazil Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	624M	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
U	1.89B	1.98B	1.53B	1.5B	1.26B	1.3B	-	-	-	-
U Growth	-	4.55%	-22.76%	-2.03%	-15.51%	3.01%	-	-	-	-
N	650M	214M	-	651M	775M	876M	-	-	-	-
N Growth	-	-67.08%	-	-	19.05%	13.03%	-	-	-	-
G	1.14B	551M	288M	38M	-	-	-	-	-	-
G Growth	-	-51.62%	-47.73%	-86.81%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Transocean Ltd. (RIG) reported $3.87B in revenue for fiscal year 2024. This represents a 58% decrease from $9.14B in 2011.

Transocean Ltd. (RIG) grew revenue by 24.4% over the past year. This is strong growth.

Transocean Ltd. (RIG) reported a net loss of $2.93B for fiscal year 2024.

Dividend & Returns

Transocean Ltd. (RIG) has a return on equity (ROE) of -4.9%. Negative ROE indicates the company is unprofitable.

Transocean Ltd. (RIG) generated $482.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Transocean Ltd. (RIG) 10-Year Financial Performance & Capital Metrics

RIG • • Industrial / General

EnergyOil & Gas DrillingOffshore Drilling ContractorsDeepwater & Harsh Environment Specialists

Revenue $3.52B +24.4%
EBITDA $326M -30.8%
Net Income -$512M +46.3%
EPS (Diluted) -0.60 +51.6%
Gross Margin 38.31% +24.4%
EBITDA Margin 9.25% -44.4%
Operating Margin -11.83% -3.1%
Net Margin -14.53% +56.9%
ROE -4.95% +45.0%
ROIC -1.81% -31.9%
Debt/Equity 0.70 -6.5%
Interest Coverage -1.15 -129.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 82 (top 18%)
✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗Shares diluted 20.4% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.12%

5Y2.68%

3Y11.3%

TTM16.93%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-370.79%

EPS CAGR

10Y-

5Y-

3Y-

TTM-345.33%

ROCE

10Y Avg-1.64%

5Y Avg-1.41%

3Y Avg-1.39%

Latest-2.28%

Peer Comparison

Deepwater & Harsh Environment Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NENoble Corporation Plc	5.24B	32.98	11.14	18.11%	6.57%	5%	1.53%	0.45
SDRLSeadrill Limited	2.19B	35.19	5.52	-5.78%	2.51%	1.19%		0.21
RIGTransocean Ltd.	4.78B	4.34	-7.23	24.44%	-75.71%	-36.31%	4.04%	0.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.39B	4.16B	2.97B	3.02B	3.09B	3.15B	2.56B	2.58B	2.83B	3.52B
Revenue Growth %	-0.19%	-0.44%	-0.29%	0.02%	0.02%	0.02%	-0.19%	0.01%	0.1%	0.24%
Cost of Goods Sold+	3.74B	1.93B	1.39B	1.8B	2.13B	1.98B	1.69B	1.67B	1.96B	2.17B
COGS % of Revenue	0.51%	0.46%	0.47%	0.6%	0.69%	0.63%	0.66%	0.65%	0.69%	0.62%
Gross Profit+	3.64B	2.23B	1.34B	1.22B	957M	1.17B	871M	907M	872M	1.35B
Gross Margin %	0.49%	0.54%	0.45%	0.4%	0.31%	0.37%	0.34%	0.35%	0.31%	0.38%
Gross Profit Growth %	-0.11%	-0.39%	-0.4%	-0.09%	-0.21%	0.23%	-0.26%	0.04%	-0.04%	0.55%
Operating Expenses+	2.28B	1.12B	3.85B	2.47B	1.68B	1.67B	983M	938M	1.2B	1.77B
OpEx % of Revenue	0.31%	0.27%	1.29%	0.82%	0.54%	0.53%	0.38%	0.36%	0.42%	0.5%
Selling, General & Admin	192M	152M	152M	147M	192M	209M	161M	180M	192M	216M
SG&A % of Revenue	0.03%	0.04%	0.05%	0.05%	0.06%	0.07%	0.06%	0.07%	0.07%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.09B	972M	3.69B	2.32B	1.49B	1.46B	822M	758M	1B	1.55B
Operating Income+	1.36B	1.11B	-2.5B	-1.25B	-721M	-493M	-112M	-31M	-325M	-417M
Operating Margin %	0.18%	0.27%	-0.84%	-0.41%	-0.23%	-0.16%	-0.04%	-0.01%	-0.11%	-0.12%
Operating Income Growth %	2.01%	-0.19%	-3.26%	0.5%	0.42%	0.32%	0.77%	0.72%	-9.48%	-0.28%
EBITDA+	2.31B	2B	-1.67B	-321M	321M	503M	850M	821M	471M	326M
EBITDA Margin %	0.31%	0.48%	-0.56%	-0.11%	0.1%	0.16%	0.33%	0.32%	0.17%	0.09%
EBITDA Growth %	11.37%	-0.14%	-1.84%	0.81%	2%	0.57%	0.69%	-0.03%	-0.43%	-0.31%
D&A (Non-Cash Add-back)	948M	893M	832M	930M	1.04B	996M	962M	852M	796M	743M
EBIT	2.49B	1.19B	358M	254M	-90M	184M	-32M	-8M	-64M	395M
Net Interest Income+	-410M	-389M	-448M	-567M	-617M	-554M	-432M	-534M	-594M	-312M
Interest Income	22M	20M	43M	53M	43M	21M	15M	27M	52M	50M
Interest Expense	432M	409M	491M	620M	660M	575M	447M	561M	646M	362M
Other Income/Expense	-350M	-172M	-498M	-524M	-477M	-48M	-358M	-531M	-616M	-106M
Pretax Income+	1.03B	934M	-3B	-1.77B	-1.2B	-541M	-470M	-562M	-941M	-523M
Pretax Margin %	0.14%	0.22%	-1.01%	-0.59%	-0.39%	-0.17%	-0.18%	-0.22%	-0.33%	-0.15%
Income Tax+	206M	103M	94M	228M	59M	27M	121M	59M	13M	-11M
Effective Tax Rate %	0.77%	0.84%	1.04%	1.12%	1.05%	1.05%	1.26%	1.1%	1.01%	0.98%
Net Income+	791M	782M	-3.13B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Net Margin %	0.11%	0.19%	-1.05%	-0.66%	-0.41%	-0.18%	-0.23%	-0.24%	-0.34%	-0.15%
Net Income Growth %	1.41%	-0.01%	-5%	0.36%	0.37%	0.55%	-0.04%	-0.05%	-0.54%	0.46%
Net Income (Continuing)	895M	827M	-3.1B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Discontinued Operations	2M	0	0	0	0	0	0	0	0	0
Minority Interest	310M	3M	4M	7M	5M	3M	1M	1M	1M	1M
EPS (Diluted)+	2.16	2.10	-8.00	-4.26	-2.05	-0.92	-0.93	-0.89	-1.24	-0.60
EPS Growth %	1.41%	-0.03%	-4.81%	0.47%	0.52%	0.55%	-0.01%	0.04%	-0.39%	0.52%
EPS (Basic)	2.16	2.10	-8.00	-4.26	-2.05	-0.92	-0.93	-0.89	-1.24	-0.60
Diluted Shares Outstanding	363M	367M	391M	468M	612M	615M	637M	699M	768M	925M
Basic Shares Outstanding	363M	367M	390.88M	468M	612M	615M	637M	699M	768M	850M
Dividend Payout Ratio	0.48%	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.79B	5.1B	4.61B	3.95B	3.64B	2.74B	2.44B	2.01B	2.13B	2.45B
Cash & Short-Term Investments	2.34B	3.05B	2.97B	2.16B	1.79B	1.15B	976M	683M	995M	560M
Cash Only	2.34B	3.05B	2.52B	2.16B	1.79B	1.15B	976M	683M	762M	560M
Short-Term Investments	0	0	450M	0	0	0	0	0	233M	0
Accounts Receivable	1.4B	898M	596M	604M	654M	583M	492M	485M	512M	567M
Days Sales Outstanding	69.18	78.77	73.17	73.05	77.3	67.51	70.26	68.75	65.99	58.73
Inventory	635M	561M	418M	474M	479M	434M	392M	388M	426M	0
Days Inventory Outstanding	61.92	106.04	109.84	96.17	82.04	80.09	84.91	84.9	79.33	-
Other Current Assets	489M	587M	623M	710M	717M	569M	584M	452M	193M	1.32B
Total Non-Current Assets+	21.54B	21.79B	17.8B	21.72B	20.46B	19.06B	18.24B	18.43B	18.13B	16.92B
Property, Plant & Equipment	20.82B	21.09B	17.4B	20.41B	18.85B	17.67B	17.1B	17.47B	16.94B	15.83B
Fixed Asset Turnover	0.35x	0.20x	0.17x	0.15x	0.16x	0.18x	0.15x	0.15x	0.17x	0.22x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	795M	608M	393M	173M	56M	4M	0
Long-Term Investments	127M	44M	23M	124M	191M	104M	57M	54M	216M	123M
Other Non-Current Assets	410M	400M	355M	324M	799M	891M	902M	836M	923M	920M
Total Assets+	26.33B	26.89B	22.41B	25.66B	24.11B	21.8B	20.68B	20.44B	20.25B	19.37B
Asset Turnover	0.28x	0.15x	0.13x	0.12x	0.13x	0.14x	0.12x	0.13x	0.14x	0.18x
Asset Growth %	-0.07%	0.02%	-0.17%	0.15%	-0.06%	-0.1%	-0.05%	-0.01%	-0.01%	-0.04%
Total Current Liabilities+	2.67B	1.99B	1.37B	1.46B	1.72B	1.39B	1.3B	1.56B	1.4B	1.66B
Accounts Payable	455M	206M	201M	269M	311M	194M	228M	281M	323M	255M
Days Payables Outstanding	44.37	38.94	52.82	54.58	53.27	35.8	49.39	61.49	60.15	42.81
Short-Term Debt	1.09B	724M	250M	373M	568M	505M	513M	719M	370M	686M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	536M	621M	499M	515M	426M	257M	236M	212M	315M	231M
Current Ratio	1.79x	2.57x	3.36x	2.71x	2.11x	1.98x	1.88x	1.29x	1.52x	1.47x
Quick Ratio	1.55x	2.29x	3.06x	2.38x	1.83x	1.66x	1.57x	1.04x	1.22x	1.47x
Cash Conversion Cycle	86.74	145.87	130.19	114.64	106.08	111.8	105.78	92.16	85.17	-
Total Non-Current Liabilities+	8.85B	9.1B	8.33B	11.09B	10.51B	8.98B	8.17B	8.09B	8.44B	7.42B
Long-Term Debt	6.83B	7.2B	6.63B	9.13B	8.69B	7.3B	6.66B	6.63B	7.04B	6.2B
Capital Lease Obligations	568M	541M	511M	479M	560M	521M	475M	423M	384M	312M
Deferred Tax Liabilities	339M	178M	44M	64M	266M	315M	447M	493M	540M	499M
Other Non-Current Liabilities	938M	763M	660M	1.02B	566M	522M	328M	338M	241M	205M
Total Liabilities	11.52B	11.08B	9.7B	12.55B	12.24B	10.37B	9.47B	9.64B	9.84B	9.09B
Total Debt+	8.49B	8.46B	7.4B	9.98B	9.87B	8.37B	7.69B	7.82B	7.85B	7.25B
Net Debt	6.15B	5.41B	4.88B	7.82B	8.08B	7.22B	6.72B	7.13B	7.09B	6.69B
Debt / Equity	0.57x	0.54x	0.58x	0.76x	0.83x	0.73x	0.69x	0.72x	0.75x	0.70x
Debt / EBITDA	3.67x	4.23x	-	-	30.74x	16.65x	9.05x	9.52x	16.67x	22.23x
Net Debt / EBITDA	2.66x	2.71x	-	-	25.17x	14.35x	7.90x	8.69x	15.05x	20.51x
Interest Coverage	3.16x	2.70x	-5.10x	-2.02x	-1.09x	-0.86x	-0.25x	-0.06x	-0.50x	-1.15x
Total Equity+	14.81B	15.8B	12.71B	13.11B	11.87B	11.44B	11.21B	10.79B	10.42B	10.29B
Equity Growth %	0.06%	0.07%	-0.2%	0.03%	-0.1%	-0.04%	-0.02%	-0.04%	-0.03%	-0.01%
Book Value per Share	40.79	43.07	32.51	28.02	19.39	18.59	17.59	15.44	13.56	11.12
Total Shareholders' Equity	14.5B	15.8B	12.71B	13.11B	11.86B	11.43B	11.21B	10.79B	10.41B	10.28B
Common Stock	5.19B	36M	37M	59M	59M	60M	64M	71M	81M	87M
Retained Earnings	4.14B	5.06B	1.93B	-67M	-1.3B	-1.87B	-2.46B	-3.08B	-4.03B	-4.54B
Treasury Stock	-240M	0	0	0	0	0	0	0	0	0
Accumulated OCI	-334M	-283M	-290M	-279M	-324M	-263M	-84M	-185M	-177M	-138M
Minority Interest	310M	3M	4M	7M	5M	3M	1M	1M	1M	1M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.44B	1.91B	1.14B	558M	340M	398M	575M	448M	164M	447M
Operating CF Margin %	0.47%	0.46%	0.38%	0.18%	0.11%	0.13%	0.22%	0.17%	0.06%	0.13%
Operating CF Growth %	0.55%	-0.45%	-0.4%	-0.51%	-0.39%	0.17%	0.44%	-0.22%	-0.63%	1.73%
Net Income	825M	827M	-3.1B	-2B	-1.26B	-568M	-591M	-621M	-954M	-512M
Depreciation & Amortization	948M	893M	832M	930M	1.04B	996M	962M	852M	796M	743M
Stock-Based Compensation	67M	42M	41M	45M	37M	31M	28M	29M	40M	47M
Deferred Taxes	-78M	68M	89M	-16M	248M	60M	128M	46M	18M	-42M
Other Non-Cash Items	1.96B	-45M	3.21B	1.47B	571M	293M	125M	236M	497M	465M
Working Capital Changes	-278M	126M	68M	129M	-301M	-414M	-77M	-94M	-233M	-254M
Change in Receivables	757M	350M	230M	180M	87M	67M	137M	-15M	0	0
Change in Inventory	87M	-96M	-115M	83M	-64M	-111M	-85M	0	0	0
Change in Payables	-844M	-286M	-115M	-154M	-21M	-254M	-52M	8M	0	0
Cash from Investing+	-1.93B	-1.31B	-587M	-797M	-268M	-257M	-233M	-757M	-423M	-151M
Capital Expenditures	-2B	-1.34B	-497M	-184M	-387M	-265M	-208M	-717M	-427M	-254M
CapEx % of Revenue	0.27%	0.32%	0.17%	0.06%	0.13%	0.08%	0.08%	0.28%	0.15%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	69M	31M	360M	43M	-314M	-243M	-24M	2M	4M	103M
Cash from Financing+	-1.81B	115M	-1.09B	-147M	-312M	-930M	-490M	-112M	263M	-350M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-381M	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	78M	9M	99M	-96M	-43M	-36M	-42M	4M	-3M	-17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.44B	567M	647M	374M	-47M	133M	367M	-269M	-263M	193M
FCF Margin %	0.2%	0.14%	0.22%	0.12%	-0.02%	0.04%	0.14%	-0.1%	-0.09%	0.05%
FCF Growth %	25.25%	-0.61%	0.14%	-0.42%	-1.13%	3.83%	1.76%	-1.73%	0.02%	1.73%
FCF per Share	3.98	1.54	1.65	0.80	-0.08	0.22	0.58	-0.38	-0.34	0.21
FCF Conversion (FCF/Net Income)	4.36x	2.44x	-0.37x	-0.28x	-0.27x	-0.70x	-0.97x	-0.72x	-0.17x	-0.87x
Interest Paid	439M	351M	486M	570M	648M	0	0	0	0	0
Taxes Paid	314M	172M	124M	151M	121M	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.5%	5.11%	-21.93%	-15.46%	-10.06%	-4.88%	-5.22%	-5.65%	-9%	-4.95%
Return on Invested Capital (ROIC)	4.83%	3.93%	-9.68%	-4.87%	-2.65%	-1.92%	-0.46%	-0.13%	-1.38%	-1.81%
Gross Margin	49.32%	53.59%	45.14%	40.39%	30.99%	37.25%	34.08%	35.22%	30.79%	38.31%
Net Margin	10.71%	18.79%	-105.18%	-66.14%	-40.71%	-18.02%	-23.12%	-24.12%	-33.69%	-14.53%
Debt / Equity	0.57x	0.54x	0.58x	0.76x	0.83x	0.73x	0.69x	0.72x	0.75x	0.70x
Interest Coverage	3.16x	2.70x	-5.10x	-2.02x	-1.09x	-0.86x	-0.25x	-0.06x	-0.50x	-1.15x
FCF Conversion	4.36x	2.44x	-0.37x	-0.28x	-0.27x	-0.70x	-0.97x	-0.72x	-0.17x	-0.87x
Revenue Growth	-19.49%	-43.66%	-28.55%	1.51%	2.32%	2.07%	-18.91%	0.74%	9.98%	24.44%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Oil And Gas Service	-	-	-	3.02B	3.09B	-	-	-	-	-
Oil And Gas Service Growth	-	-	-	-	2.32%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	-	-	-	-	1.57B
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-
BRAZIL	-	-	-	-	-	-	-	-	-	727M
BRAZIL Growth	-	-	-	-	-	-	-	-	-	-
NORWAY	-	-	-	-	-	-	-	-	-	654M
NORWAY Growth	-	-	-	-	-	-	-	-	-	-
Other Geographical	-	-	-	266M	574M	792M	-	-	-	577M
Other Geographical Growth	-	-	-	-	115.79%	37.98%	-	-	-	-
U.S.	-	-	-	-	-	-	1.1B	1.14B	1.43B	-
U.S. Growth	-	-	-	-	-	-	-	3.56%	26.26%	-
Norway	-	-	-	-	-	-	790M	835M	603M	-
Norway Growth	-	-	-	-	-	-	-	5.70%	-27.78%	-
Other Countries	3.71B	966M	823M	-	-	-	-	573M	498M	-
Other Countries Growth	-	-73.93%	-14.80%	-	-	-	-	-	-13.09%	-
Brazil	-	-	-	-	-	-	-	-	298M	-
Brazil Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	624M	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
U	1.89B	1.98B	1.53B	1.5B	1.26B	1.3B	-	-	-	-
U Growth	-	4.55%	-22.76%	-2.03%	-15.51%	3.01%	-	-	-	-
N	650M	214M	-	651M	775M	876M	-	-	-	-
N Growth	-	-67.08%	-	-	19.05%	13.03%	-	-	-	-
G	1.14B	551M	288M	38M	-	-	-	-	-	-
G Growth	-	-51.62%	-47.73%	-86.81%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Transocean Ltd. (RIG) reported $3.87B in revenue for fiscal year 2024. This represents a 58% decrease from $9.14B in 2011.

Transocean Ltd. (RIG) grew revenue by 24.4% over the past year. This is strong growth.

Transocean Ltd. (RIG) reported a net loss of $2.93B for fiscal year 2024.

Dividend & Returns

Transocean Ltd. (RIG) has a return on equity (ROE) of -4.9%. Negative ROE indicates the company is unprofitable.

Transocean Ltd. (RIG) generated $482.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.