8-K Announcements
6Mar 18, 2026·SEC
Feb 25, 2026·SEC
Nov 5, 2025·SEC
Seadrill Limited (SDRL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Seadrill Limited (SDRL) stock price & volume — 10-year historical chart
Seadrill Limited (SDRL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Seadrill Limited (SDRL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.12vs $0.07+71.4% | $362Mvs $337M+7.3% |
| Q4 2025 | Nov 5, 2025 | $0.17vs $0.26-165.4% | $352Mvs $335M+5.0% |
| Q3 2025 | Aug 6, 2025 | $0.68vs $0.68-200.0% | $377Mvs $343M+9.9% |
| Q2 2025 | May 12, 2025 | $0.23vs $0.51-145.1% | $335Mvs $369M-9.1% |
Seadrill Limited (SDRL) competitors in Offshore Drilling Contractors — business model, growth, and fundamentals comparison
Seadrill Limited (SDRL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Seadrill Limited (SDRL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2B | 1.18B | 1.39B | 961M | 907M | 936M | 1.47B | 1.39B | 1.44B |
| Revenue Growth % | -32.67% | -40.87% | 17.43% | -30.76% | -5.62% | 3.2% | 57.05% | -5.78% | 3.75% |
| Cost of Goods Sold | 792M | 799M | 1.63B | 1.28B | 945M | 655M | 905M | 1.09B | 1.26B |
| COGS % of Revenue | 39.62% | 67.6% | 117.22% | 133.61% | 104.19% | 69.98% | 61.56% | 78.84% | 87.96% |
| Gross Profit | 1.21B▲ 0% | 383M▼ 68.3% | -239M▼ 162.4% | -323M▼ 35.1% | -38M▲ 88.2% | 281M▲ 839.5% | 565M▲ 101.1% | 293M▼ 48.1% | 173M▼ 41.0% |
| Gross Margin % | 60.38% | 32.4% | -17.22% | -33.61% | -4.19% | 30.02% | 38.44% | 21.16% | 12.04% |
| Gross Profit Growth % | -38.23% | -68.27% | -162.4% | -35.15% | 88.24% | 839.47% | 101.07% | -48.14% | -40.96% |
| Operating Expenses | 4.03B | 277M | 56M | 4.16B | 118M | 209M | 236M | -119M | 103M |
| OpEx % of Revenue | 201.75% | 23.43% | 4.03% | 432.67% | 13.01% | 22.33% | 16.05% | -8.59% | 7.17% |
| Selling, General & Admin | 277M | 90M | 95M | 74M | 67M | 0 | 74M | 107M | 103M |
| SG&A % of Revenue | 13.86% | 7.61% | 6.84% | 7.7% | 7.39% | - | 5.03% | 7.73% | 7.17% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -39M | 4.08B | 51M | 209M | 162M | -226M | 0 |
| Operating Income | 135M▲ 0% | -360M▼ 366.7% | -295M▲ 18.1% | -4.48B▼ 1419.0% | -156M▲ 96.5% | 72M▲ 146.2% | 329M▲ 356.9% | 412M▲ 25.2% | 70M▼ 83.0% |
| Operating Margin % | 6.75% | -30.46% | -21.25% | -466.29% | -17.2% | 7.69% | 22.38% | 29.75% | 4.87% |
| Operating Income Growth % | -85.58% | -366.67% | 18.06% | -1418.98% | 96.52% | 146.15% | 356.94% | 25.23% | -83.01% |
| EBITDA | 890M | 304M | 131M | -4.16B | -29M | 224M | 484M | 580M | 308M |
| EBITDA Margin % | 44.52% | 25.72% | 9.44% | -433.09% | -3.2% | 23.93% | 32.93% | 41.88% | 21.43% |
| EBITDA Growth % | -47.06% | -65.84% | -56.91% | -3277.1% | 99.3% | 872.41% | 116.07% | 19.83% | -46.9% |
| D&A (Non-Cash Add-back) | 755M | 664M | 426M | 319M | 127M | 152M | 155M | 168M | 238M |
| EBIT | 135M | -360M | -339M | -4.03B | -463M | 72M | 339M | 394M | 70M |
| Net Interest Income | 0 | -240M | -386M | -390M | -108M | -91M | -24M | -36M | -47M |
| Interest Income | 0 | 0 | 35M | 8M | 1M | 0 | 35M | 25M | 14M |
| Interest Expense | 210M | 240M | 421M | 398M | 109M | 91M | 59M | 61M | 61M |
| Other Income/Expense | -2.31B | -3.67B | -465M | 50M | -416M | 3.61B | -12M | -79M | -121M |
| Pretax Income | -3.04B▲ 0% | -4.45B▼ 46.7% | -760M▲ 82.9% | -4.43B▼ 483.0% | -572M▲ 87.1% | 3.68B▲ 743.0% | 317M▼ 91.4% | 333M▲ 5.0% | -51M▼ 115.3% |
| Pretax Margin % | -151.88% | -376.73% | -54.75% | -461.08% | -63.07% | 392.95% | 21.56% | 24.04% | -3.55% |
| Income Tax | 66M | 38M | -40M | -1M | 0 | 12M | 17M | -113M | 26M |
| Effective Tax Rate % | -2.17% | -0.85% | 5.26% | 0.02% | 0% | 0.33% | 5.36% | -33.93% | -50.98% |
| Net Income | -2.97B▲ 0% | -4.48B▼ 50.8% | -1.22B▲ 72.8% | -4.66B▼ 282.2% | -587M▲ 87.4% | 3.91B▲ 765.6% | 300M▼ 92.3% | 446M▲ 48.7% | -77M▼ 117.3% |
| Net Margin % | -148.72% | -379.27% | -87.82% | -484.81% | -64.72% | 417.41% | 20.41% | 32.2% | -5.36% |
| Net Income Growth % | -1542.54% | -50.79% | 72.81% | -282.2% | 87.4% | 765.59% | -92.32% | 48.67% | -117.26% |
| Net Income (Continuing) | -3.1B | -4.49B | -720M | -4.43B | -572M | 3.67B | 300M | 446M | -77M |
| Discontinued Operations | 0 | 0 | -502M | -233M | -15M | 241M | 0 | 0 | 0 |
| Minority Interest | 399M | 190M | 151M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -5.89▲ 0% | -14.87▼ 152.5% | -12.19▲ 18.0% | -46.59▼ 282.2% | -5.85▲ 87.4% | 73.32▲ 1353.3% | 4.05▼ 94.5% | 6.37▲ 57.3% | -1.24▼ 119.5% |
| EPS Growth % | -1536.11% | -152.46% | 18.02% | -282.2% | 87.44% | 1353.33% | -94.48% | 57.28% | -119.47% |
| EPS (Basic) | -5.89 | -14.87 | -12.19 | -46.59 | -5.85 | 73.32 | 4.23 | 6.56 | -1.24 |
| Diluted Shares Outstanding | 505M | 301.45M | 100M | 100M | 100M | 50M | 74M | 71M | 62.1M |
| Basic Shares Outstanding | 504.75M | 301.45M | 100M | 100M | 100M | 50M | 71M | 68M | 62.1M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Seadrill Limited (SDRL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.25B | 2.77B | 1.77B | 1.06B | 1.98B | 857M | 1.16B | 928M | 758M |
| Cash & Short-Term Investments | 1.38B | 1.6B | 1.09B | 491M | 293M | 480M | 697M | 478M | 339M |
| Cash Only | 1.25B | 1.54B | 1.09B | 491M | 293M | 480M | 697M | 478M | 339M |
| Short-Term Investments | 124M | 57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 519M | 386M | 288M | 210M | 186M | 164M | 298M | 248M | 162M |
| Days Sales Outstanding | 94.76 | 119.2 | 75.73 | 79.76 | 74.85 | 63.95 | 73.99 | 65.36 | 41.15 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 354M | 782M | 398M | 361M | 1.5B | 213M | 109M | 145M | 257M |
| Total Non-Current Assets | 15.73B | 8.08B | 7.51B | 2.9B | 1.92B | 1.94B | 3.06B | 3.23B | 3.19B |
| Property, Plant & Equipment | 13.49B | 6.69B | 6.42B | 2.14B | 1.44B | 1.68B | 2.87B | 2.96B | 0 |
| Fixed Asset Turnover | 0.15x | 0.18x | 0.22x | 0.45x | 0.63x | 0.56x | 0.51x | 0.47x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.47B | 800M | 24M | 24M | 27M | 84M | 90M | 68M | 0 |
| Other Non-Current Assets | 764M | 593M | 1.05B | 727M | 437M | 167M | 52M | 135M | 3.15B |
| Total Assets | 17.98B▲ 0% | 10.85B▼ 39.7% | 9.28B▼ 14.5% | 3.96B▼ 57.3% | 3.9B▼ 1.6% | 2.8B▼ 28.1% | 4.22B▲ 50.6% | 4.16B▼ 1.5% | 3.95B▼ 5.0% |
| Asset Turnover | 0.11x | 0.11x | 0.15x | 0.24x | 0.23x | 0.33x | 0.35x | 0.33x | 0.36x |
| Asset Growth % | -17% | -39.67% | -14.46% | -57.31% | -1.62% | -28.12% | 50.59% | -1.47% | -5.03% |
| Total Current Liabilities | 859M | 464M | 770M | 6.54B | 1.37B | 404M | 389M | 501M | 374M |
| Accounts Payable | 82M | 121M | 86M | 45M | 53M | 76M | 53M | 118M | 61M |
| Days Payables Outstanding | 37.79 | 55.28 | 19.29 | 12.79 | 20.47 | 42.35 | 21.38 | 39.44 | 17.61 |
| Short-Term Debt | 509M | 33M | 343M | 5.66B | 0 | 22M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 31M | 63M | 0 |
| Other Current Liabilities | 268M | 310M | 322M | 831M | 1.32B | 306M | 80M | 52M | 313M |
| Current Ratio | 2.62x | 5.96x | 2.30x | 0.16x | 1.44x | 2.12x | 2.98x | 1.85x | 2.03x |
| Quick Ratio | 2.62x | 5.96x | 2.30x | 0.16x | 1.44x | 2.12x | 2.98x | 1.85x | 2.03x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.16B | 7.31B | 6.72B | 556M | 6.24B | 695M | 846M | 737M | 715M |
| Long-Term Debt | 8.5B | 7.1B | 6.04B | 426M | 908M | 496M | 608M | 610M | 613M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 8M | 0 |
| Deferred Tax Liabilities | 0 | 87M | 12M | 10M | 9M | 9M | 9M | 11M | 14M |
| Other Non-Current Liabilities | 1.66B | 208M | 661M | 120M | 5.32B | 190M | 194M | 60M | 88M |
| Total Liabilities | 11.02B | 7.78B | 7.49B | 7.1B | 7.61B | 1.1B | 1.24B | 1.24B | 1.09B |
| Total Debt | 9.01B | 7.14B | 6.39B | 6.09B | 908M | 518M | 610M | 618M | 613M |
| Net Debt | 7.76B | 5.59B | 5.3B | 5.6B | 615M | 38M | -87M | 140M | 274M |
| Debt / Equity | 1.30x | 2.32x | 3.56x | - | - | 0.30x | 0.20x | 0.21x | 0.21x |
| Debt / EBITDA | 10.13x | 23.47x | 48.75x | - | - | 2.31x | 1.26x | 1.07x | 1.99x |
| Net Debt / EBITDA | 8.72x | 18.40x | 40.45x | - | - | 0.17x | -0.18x | 0.24x | 0.89x |
| Interest Coverage | 0.64x | -1.50x | -0.70x | -11.26x | -1.43x | 0.79x | 5.58x | 6.75x | 1.15x |
| Total Equity | 6.96B▲ 0% | 3.07B▼ 55.8% | 1.79B▼ 41.7% | -3.14B▼ 275.1% | -3.72B▼ 18.3% | 1.7B▲ 145.8% | 2.98B▲ 75.3% | 2.92B▼ 2.2% | 2.86B▼ 2.1% |
| Equity Growth % | -30.85% | -55.84% | -41.65% | -275.13% | -18.34% | 145.8% | 75.26% | -2.18% | -2.06% |
| Book Value per Share | 13.78 | 10.19 | 17.93 | -31.40 | -37.16 | 34.04 | 40.31 | 41.10 | 46.02 |
| Total Shareholders' Equity | 6.56B | 2.88B | 1.64B | -3.14B | -3.72B | 1.7B | 2.98B | 2.92B | 2.86B |
| Common Stock | 1.02B | 10M | 10M | 10M | 10M | 0 | 1M | 1M | 1M |
| Retained Earnings | 225M | -611M | -1.85B | -6.63B | -7.21B | 201M | 501M | 947M | 870M |
| Treasury Stock | -9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 58M | -7M | -13M | -26M | -15M | 2M | 1M | 1M | 1M |
| Minority Interest | 399M | 190M | 151M | 0 | 0 | 0 | 0 | 0 | 0 |
Seadrill Limited (SDRL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 399M | -239M | -256M | -420M | -154M | 9M | 287M | 88M | -28M |
| Operating CF Margin % | 19.96% | -20.22% | -18.44% | -43.7% | -16.98% | 0.96% | 19.52% | 6.35% | -1.95% |
| Operating CF Growth % | -66.3% | -159.9% | -7.11% | -64.06% | 63.33% | 105.84% | 3088.89% | -69.34% | -131.82% |
| Net Income | -2.97B | -4.48B | -753M | -4.45B | -577M | 3.67B | 300M | 446M | -77M |
| Depreciation & Amortization | 755M | 664M | 426M | 319M | 127M | 152M | 155M | 168M | 238M |
| Stock-Based Compensation | 7M | 3M | 0 | 0 | 0 | 0 | 0 | 17M | 20M |
| Deferred Taxes | -174M | -22M | -61M | -7M | -3M | -7M | -13M | -13M | 22M |
| Other Non-Cash Items | 2.58B | 3.48B | 118M | 3.76B | 297M | -3.71B | -41M | -477M | 57M |
| Working Capital Changes | 33M | 95M | 14M | -41M | 2M | -90M | -114M | -53M | -288M |
| Change in Receivables | 167M | 93M | 27M | -54M | -47M | -2M | -6.23M | 38M | 23M |
| Change in Inventory | 0 | -158M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -9M | 4M | -37M | 15M | 23M | -35.28M | 65M | -47M |
| Cash from Investing | 358M | 210M | -26M | -32M | 37M | 343M | 42M | 226M | -113M |
| Capital Expenditures | -92M | -76M | -48M | -27M | -29M | -149M | -101M | -157M | 0 |
| CapEx % of Revenue | 4.6% | 6.43% | 3.46% | 2.81% | 3.2% | 15.92% | 6.87% | 11.34% | 7.65% |
| Acquisitions | 0 | 0 | -25M | -22M | 0 | 3M | 45M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 450M | 286M | 47M | 28M | 66M | 489M | 98M | 383M | -113M |
| Cash from Financing | -846M | 679M | -367M | -163M | 0 | -363M | -200M | -532M | -3M |
| Debt Issued (Net) | -793M | 518M | -34M | -36M | 0 | -399M | 98M | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 200M | 0 | 0 | 0 | 0 | -263M | -532M | 0 |
| Other Financing | -53M | 161M | -333M | -127M | 0 | 36M | -35M | 0 | -3M |
| Net Change in Cash | -84M▲ 0% | 2.82B▲ 3458.3% | -646M▼ 122.9% | -634M▲ 1.9% | -119M▲ 81.2% | 71M▲ 159.7% | 130M▲ 83.1% | -223M▼ 271.5% | -140M▲ 37.2% |
| Free Cash Flow | 307M▲ 0% | -315M▼ 202.6% | -304M▲ 3.5% | -447M▼ 47.0% | -183M▲ 59.1% | -140M▲ 23.5% | 186M▲ 232.9% | -69M▼ 137.1% | -28M▲ 59.4% |
| FCF Margin % | 15.36% | -26.65% | -21.9% | -46.51% | -20.18% | -14.96% | 12.65% | -4.98% | -1.95% |
| FCF Growth % | -70.71% | -202.61% | 3.49% | -47.04% | 59.06% | 23.5% | 232.86% | -137.1% | 59.42% |
| FCF per Share | 0.61 | -1.04 | -3.04 | -4.47 | -1.83 | -2.80 | 2.51 | -0.97 | -0.45 |
| FCF Conversion (FCF/Net Income) | -0.13x | 0.05x | 0.21x | 0.09x | 0.26x | 0.00x | 0.96x | 0.20x | 0.36x |
| Interest Paid | 0 | 0 | 0 | 174M | 0 | 0 | 36M | 54M | 0 |
| Taxes Paid | 0 | 0 | 0 | 10M | 3M | 0 | 24M | 17M | 0 |
Seadrill Limited (SDRL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -1.8% | -34.93% | -89.37% | -50.1% | - | - | 229.55% | 12.81% | 15.12% | -2.67% |
| Return on Invested Capital (ROIC) | 3.59% | 0.6% | -2.31% | -2.81% | -70.39% | - | 3.1% | 10.64% | 10.38% | 1.7% |
| Gross Margin | 65.81% | 60.38% | 32.4% | -17.22% | -33.61% | -4.19% | 30.02% | 38.44% | 21.16% | 12.04% |
| Net Margin | -6.1% | -148.72% | -379.27% | -87.82% | -484.81% | -64.72% | 417.41% | 20.41% | 32.2% | -5.36% |
| Debt / Equity | 1.00x | 1.30x | 2.32x | 3.56x | - | - | 0.30x | 0.20x | 0.21x | 0.21x |
| Interest Coverage | 2.26x | 0.64x | -1.50x | -0.70x | -11.26x | -1.43x | 0.79x | 5.58x | 6.75x | 1.15x |
| FCF Conversion | -6.54x | -0.13x | 0.05x | 0.21x | 0.09x | 0.26x | 0.00x | 0.96x | 0.20x | 0.36x |
| Revenue Growth | -27.69% | -32.67% | -40.87% | 17.43% | -30.76% | -5.62% | 3.2% | 57.05% | -5.78% | 3.75% |
Seadrill Limited (SDRL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 18, 2026·SEC
Feb 25, 2026·SEC
Nov 5, 2025·SEC
Seadrill Limited (SDRL) stock FAQ — growth, dividends, profitability & financials explained
Seadrill Limited (SDRL) reported $1.43B in revenue for fiscal year 2025. This represents a 67% decrease from $4.31B in 2012.
Seadrill Limited (SDRL) grew revenue by 3.8% over the past year. Growth has been modest.
Seadrill Limited (SDRL) reported a net loss of $77.0M for fiscal year 2025.
Seadrill Limited (SDRL) has a return on equity (ROE) of -2.7%. Negative ROE indicates the company is unprofitable.
Seadrill Limited (SDRL) had negative free cash flow of $92.0M in fiscal year 2025, likely due to heavy capital investments.
Seadrill Limited (SDRL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates