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Friday 6 November 2026 Export RIG’s income statement to Excel — free account

Transocean Ltd.

RIG Energy Oil & Gas Drilling

Transocean Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 12.5% from fiscal 2024.

Revenue
−8.85%
EPS
+101.2%
Free cash flow
−49.4%
Total debt
−19.3%

Quarter to September 2026, against a year earlier

5.14 0.31 −5.69%
Market cap
$5.7B
P/E
20.3×
Fwd P/E
22.1×
Dividend yield
—
F-score
5/9
Altman Z
−0.53
Beneish M
−3.54
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Transocean Ltd. (RIG) Debt to equity

Alert me on Debt to equity

Transocean Ltd.'s debt to equity at the end of the quarter to 30 September 2026 was 0.6×, down 0.1× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.5× (fiscal 2016) to 0.8× (fiscal 2019); the current reading is higher than 73% of that period. That is in line with the Oil & Gas Drilling industry median of 0.6× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× 4.29%
FY2024 0.7× (6.00%)
FY2023 0.7× 4.54%
FY2022 0.7× 6.41%
FY2021 0.6× (6.28%)
FY2020 0.7× (12.52%)
FY2019 0.8× 2.56%
FY2018 0.8× 30.76%
FY2017 0.6× 8.66%
FY2016 0.5× (5.39%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× (2.94%)
Jun 2026 0.6× (5.00%)
Mar 2026 0.6× (7.73%)
Dec 2025 0.7× (9.40%)
43 more quarters

Against its own ten years

Low 0.5× High 0.8×
Ten-year median 0.7×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
SDRL Seadrill Limited compare 0.3×
VAL Valaris Limited compare 0.3×
PTEN Patterson-UTI Energy, Inc. compare 0.4×
NE Noble Corporation PLC compare 0.4×
RIG Transocean Ltd. 0.6×
HP Helmerich & Payne, Inc. compare 0.7×
NBR Nabors Industries Ltd. compare 2.0×
SOC Sable Offshore Corp. compare 2.5×
BORR Borr Drilling Limited compare 2.6×
Oil & Gas Drilling industry median 0.6×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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