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

Transocean Ltd. (RIG) Operating margin

Alert me on Operating margin

Transocean Ltd.'s operating margin over the twelve months to 30 September 2026 was 20.4%, up 79.4 percentage points from fiscal 2025 (−58.9%). Over the past ten years it has ranged from −84.3% (fiscal 2017) to 26.6% (fiscal 2016); the current reading is higher than 18% of that period. That is above the Oil & Gas Drilling industry median of 8.58% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −58.9% (47.11)
FY2024 −11.8% (0.35)
FY2023 −11.5% (10.28)
FY2022 −1.20% 3.18
FY2021 −4.38% 11.26
FY2020 −15.6% 7.71
FY2019 −23.4% 18.10
FY2018 −41.5% 42.81
FY2017 −84.3% (110.84)
FY2016 26.6% 8.10

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.3% (0.47)
Jun 2026 15.7% (10.82)
Mar 2026 26.6% 3.54
Dec 2025 23.0% 186.14
43 more quarters

Against its own ten years

Low −84.3% High 26.6%
Ten-year median −11.8%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
BORR Borr Drilling Limited compare 20.8%
RIG Transocean Ltd. 20.4%
NE Noble Corporation PLC compare 12.0%
VAL Valaris Limited compare 8.98%
SDRL Seadrill Limited compare 8.58%
NBR Nabors Industries Ltd. compare 8.40%
HP Helmerich & Payne, Inc. compare 2.25%
PTEN Patterson-UTI Energy, Inc. compare 0.86%
SOC Sable Offshore Corp. compare 0.00%
Oil & Gas Drilling industry median 8.58%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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