Seadrill Limited

SDRL Energy Oil & Gas Drilling

Seadrill Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 3.75% from fiscal 2024.

Revenue
+17.9%
EPS
−188.2%
Free cash flow
+2,066.7%
Total debt
+20.4%

Quarter to September 2026, against a year earlier

43.05 1.93 +4.69%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
119×
Dividend yield
—
F-score
4/9
Altman Z
2.01
Beneish M
−2.61
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 5.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — 4 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 2,560.00
Revenue ttm 1,597.00
Net income ttm (18.00)
Free cash flow ttm 115.00
Net debt Q 231.00
Valuation
P/E 0.00
Forward P/E 119.00 (above 35: high)
Price / sales 1.60
Forward P/S Powerpack
Price / FCF 70.96
Price / book 0.91
Financial health
Current ratio Q 2.18 (at or above 1.5: strong)
Debt / equity Q 0.26 (at or below 0.5: strong)
Interest coverage Q 2.93
Growth
Revenue growth Q +17.91% (above 0%: growing)
Operating income growth Q +69.23% (above 0%: growing)
EPS, this year +154.50% (at or above 15%: strong)
EPS, next year A +410.96% (at or above 15%: strong)
Revenue, next year A +9.05%
EPS, past 5 yrs —
EPS, next 5 yrs A −17.02% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 29.32%
10-year low 10-year high
P/B against its own 10 years 33.85%
10-year low 10-year high
EV/Sales against its own 10 years 30.47%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 728 505 365 506
Receivables 231 193 162 —
Inventory — — — —
Other 199 230 231 239
1,158 928 758 1,006
2023 2024 2025 Q'26
Payables 53 118 61 82
ST’ Debt — — — —
Other 336 383 313 380
389 501 374 462

Compound Annual Growth %

10y 5y 3y
Sales — 6.29% 12.40%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 18.86%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.11) 0.47 (0.49) — —
’25 (0.23) (0.68) (0.17) (0.16) (1.24)
’24 0.81 3.49 0.49 1.54 6.37
’23 0.83 1.16 1.10 0.95 4.12
’22 24.25 (0.72) (0.32) 4.75 25.54
’21 (3.11) — (0.86) 1.04 (5.85)
’20 (15.65) (1.83) — — (46.63)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 358 449 428 — —
’25 335 377 363 362 1,437
’24 367 375 354 289 1,385
’23 266 414 414 408 1,502
’22 262 253 269 228 1,012
’21 233 — 222 233 907
’20 321 277 — — 1,059
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (22) (18) 195 — —
’25 (27) 11 28 (40) (28)
’24 29 79 (27) 7 88
’23 15 20 112 140 287
’22 (5) (31) (32) 77 9
’21 (39) (25) (51) (39) (154)
’20 (116) (162) — — (420)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (35) (43) 195 — —
’25 (72) (12) 9 (62) (137)
’24 6 374 (80) 14 314
’23 8 9 91 92 200
’22 (34) (68) (89) 54 (137)
’21 (43) (27) (51) (19) (140)
’20 (118) (174) — — (447)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 2,088 1,253 1,388 1,059 907 1,012 1,502 1,385 1,437 1,597 (4.6%) 1,567 1,700 1,722 +6.2%
Gross margin, % — 62.07 39.03 47.69 42.78 32.52 48.52 53.06 50.83 48.78 0.00 (13.3) pt
EBT — (3,036) (4,452) (1,261) (4,444) (572) 3,678 317 333 (51) 7 (40.0%)
EBT margin, % — (145.40) (355.31) (90.85) (419.64) (63.07) 363.44 21.11 24.04 (3.55) 0.44 +141.9 pt
Net income — (3,102) (4,490) (1,222) (4,663) (587) 3,907 300 446 (77) (18) (37.0%)
Per share, $
Per share, $ Revenue — 4.13 12.53 13.88 10.59 9.07 6.75 21.15 20.37 23.18 25.76 +24.0%
Earnings — (6.14) (44.90) (12.22) (46.63) (5.85) — 4.23 6.56 (1.24) (0.29) (18.1%)
Cash flow — 0.79 (2.39) (2.56) (4.20) (1.54) 0.06 4.04 1.29 (0.45) 1.85 n/m
Capex — 0.06 0.50 (0.48) (0.27) 0.14 (0.97) (1.23) 3.32 (1.76) 0.00 n/m
Free cash flow — 0.85 (1.89) (3.04) (4.47) (1.40) (0.91) 2.82 4.62 (2.21) 1.85 n/m
Book value — 13.78 30.35 17.93 (31.40) (37.16) 11.35 42.01 42.91 46.10 45.42 +16.3%
Shares, m — 505 100 100 100 100 150 71 68 62 62 (23.1%)
Valuation, ×
Valuation, × P/E — 1.52 1.52 1.52 1.52 1.52 1.05 11.39 5.98 0.00 0.00 2.9
P/S — 5.24 5.24 5.24 5.24 5.24 4.48 2.23 1.91 1.49 1.60 4.0
P/B — 3.31 3.31 3.31 3.31 3.31 2.67 1.12 0.91 0.75 0.91 2.4
EV/Sales — 5.74 5.74 5.74 5.74 5.74 4.48 2.16 1.99 1.67 1.75 4.3
EV/FCF — (41.65) (41.65) (41.65) (41.65) (41.65) (33.07) 16.19 8.80 (17.54) 77.65 (26.0)
Cash, $m
Cash, $m Operating cash flow — 399 (239) (256) (420) (154) 9 287 88 (28) 115 n/m
Capex — 30 50 (48) (27) 14 (146) (87) 226 (109) (79) n/m
Free cash flow — 429 (189) (304) (447) (140) (137) 200 314 (137) 115 n/m
Balance, $m
Balance, $m Working capital — (7,798) 2,303 1,003 (5,483) (5,509) 453 769 427 384 544 n/m
Net debt — (175) 5,076 5,601 5,494 (421) (6) (120) 105 248 231 n/m
Shareholders’ equity — 6,959 3,035 1,793 (3,140) (3,716) 1,702 2,983 2,918 2,858 2,816 (10.5%)
Returns, %
Returns, % ROA — 0.00 (31.10) (12.11) (70.38) (14.94) 116.66 8.55 10.65 (1.90) (0.44) (1.9) pt
ROIC — (4.45) (6.07) (2.49) (119.00) 0.00 2.65 7.18 8.52 0.95 2.81 +5.4 pt
ROE — 0.00 (89.71) (50.50) 691.76 17.12 (387.98) 12.81 15.12 (2.67) (0.63) (2.7) pt
People
People Employees — 4,328 4,888 4,538 3,175 3,220 2,576 2,505 3,300 3,000 — (4.5%)
Revenue/emp, $m — 0.48 0.26 0.31 0.33 0.28 0.39 0.60 0.42 0.48 — (0.1%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Seadrill Limited vs peers in Oil & Gas Drilling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NE Noble Corporation PLC $6.4B 116× — (loss-making) −8.68% (below 0%: shrinking) n/m −116.84% (below 0%: shrinking) 35.71% 8.24% Compare
RIG Transocean Ltd. $5.7B 20.3× 22.1× −8.85% (below 0%: shrinking) n/m −49.44% (below 0%: shrinking) 100.00% 15.26% Compare
VAL Valaris Limited $5.4B 6.8× 30.5× −0.35% (below 0%: shrinking) −74.70% (below 0%: shrinking) −105.11% (below 0%: shrinking) 29.70% 13.70% Compare
PTEN Patterson-UTI Energy, Inc. $3.8B — (loss-making) — (loss-making) +14.14% (above 0%: growing) n/m +169.62% (above 0%: growing) 25.09% 4.71% Compare
HP Helmerich & Payne, Inc. $3.5B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.6B — (loss-making) 119× +17.91% (above 0%: growing) n/m +2,066.67% (above 0%: growing) 0.00% 10.28%
NBR Nabors Industries Ltd. $1.1B — (loss-making) — (loss-making) +6.16% (above 0%: growing) −93.96% (below 0%: shrinking) +135.53% (above 0%: growing) 38.77% 8.96% Compare
BORR Borr Drilling Limited $962.6M — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13% Compare
SOC Sable Offshore Corp. $349.2M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.6B 20.3× — −0.58% — +20.36% 32.70% 8.60%

All 9 Oil & Gas Drilling stocks →

Pay and ownership Proxy statement filed 20 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.85m 1.68m 131.00
2024 8.34m 2.60m 147.00
2023 12.95m 14.77m 178.00
2022 5.69m 5.39m 123.00

Ownership

Directors and executive officers, together less than 1%
Canyon Capital Advisors LLC 7.80%
BlackRock, Inc. 7.30%
Elliott Investment Management L.P. 6.70%
The Vanguard Group 6.00%
Dimensional Fund Advisors LP 5.50%
Adage Capital Management, L.P. 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Seadrill Limited (SDRL) Latest News

3 Nov

Impact 3 · · StockStory
Impact 3 · · Business Wire

23 Oct

Impact 3 · · Simply Wall St.

5 Oct

9 Jul

Impact 3 · · Trefis

SDRL metrics, ten years each

stockrow.com/SDRL · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com