Transocean
RIG NYSE· Oil & Gas Drilling
Last close · Oct 26, 2026
$6.53
KIRA · Stoqly’s AI analyst, in plain words
- Transocean had $4.0B of revenue in fiscal 2025, up 12.5% on the year before. Over five years, revenue changed +4.7% a year on average.
- Its operating margin was −58.9%, down 47.1 pts: of every 100 in sales, about −59 is left after running the business.
- Transocean lost $2.9B in fiscal 2025.
- Free cash flow was $626M in fiscal 2025, 15.8% of revenue.
- Transocean returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 3.8%.
- Transocean owes $5.0B more than it holds in cash.
Market cap
$7.8B
P/E
—
Revenue
$4.0B
Net income
−$2.9B
Free cash flow
$626M
Operating margin
−58.9%
Transocean in 30 seconds · fiscal 2025
Are sales growing?
+12.5%
Yes. Sales grew 12.5% last year.
Does it make a profit?
−73.5%
No. It lost money last year.
Does profit turn into cash?
15.8%
Yes. 15.8% of sales ends up as free cash.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
What Transocean does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 23, 2026
- Legal name
- Transocean Ltd.
- CIK
- 0001451505
Transocean · RIG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.6B | $2.6B | $2.8B | $3.5B | $4.0B |
| Revenue growth | −18.9% | 0.7% | 10.0% | 24.4% | 12.5% |
| Gross margin | 33.6% | 34.8% | 29.9% | 37.6% | 39.3% |
| Operating margin | −4.4% | −1.2% | −11.5% | −11.8% | −58.9% |
| Net income | −$592M | −$621M | −$954M | −$512M | −$2.9B |
| Net margin | −23.2% | −24.1% | −33.7% | −14.5% | −73.5% |
| Diluted EPS | −$0.93 | −$0.89 | −$1.24 | −$0.76 | −$3.04 |
| Cash | |||||
| Cash from operations | $575M | $448M | $164M | $447M | $749M |
| Capital expenditure | $208M | $717M | $427M | $254M | $123M |
| Free cash flow | $367M | −$269M | −$263M | $193M | $626M |
| FCF margin | 14.4% | −10.5% | −9.3% | 5.5% | 15.8% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 3.6% | 9.7% | 9.9% | 20.4% | 3.8% |
| Debt and strength | |||||
| Cash and short-term investments | $976M | $683M | $762M | $560M | $620M |
| Debt incl. finance leases | $7.2B | $7.3B | $7.4B | $6.9B | $5.7B |
| Shareholders' equity | $11.2B | $10.8B | $10.4B | $10.3B | $8.1B |
| Net debt / EBITDA | 9.8x | 9.5x | 15.9x | 19.6x | — |
| Current ratio | 1.9x | 1.3x | 1.5x | 1.5x | 1.6x |
| Interest coverage | −0.3x | −0.1x | −0.5x | −1.2x | −4.2x |
| Returns and quality | |||||
| Return on capital | −0.5% | −0.1% | −1.5% | −2.0% | −12.4% |
| Return on equity | −5.2% | −5.7% | −9.0% | −5.0% | −31.7% |
| Piotroski F-score | 3 | 4 | 4 | 6 | 6 |
| Altman Z'' | 1.2 | 0.8 | 0.6 | 0.6 | −1.1 |
Insiders bought, 12 months
$18.3M
4 insiders
Insiders sold, 12 months
$5.0M
5 insiders
Of sales under plans
25%
$1.3M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Transocean · RIG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Transocean RIG | $7.8B | 12.5% | −58.9% | 15.8% | −12.4% | — | 6 |
| Helmerich & Payne HP | $4.0B | 35.9% | 0.1% | 3.1% | 0.1% | — | 4 |
| Noble NE | $7.6B | 7.5% | 12.7% | 13.2% | 5.3% | 50.9x | 5 |
| Patterson-UTI Energy PTEN | $4.7B | −10.3% | −0.9% | 7.7% | −0.8% | — | 6 |
| Valaris VAL | $7.0B | 0.3% | 20.1% | 8.6% | 14.4% | 7.5x | 7 |
KIRA
At $6.53 a share, the company is worth $7.8B.
Transocean grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001451505). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.