Friday 6 November 2026
Export SDRL’s income statement to Excel — free account
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%
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Target Price Range
Analyst price targets
Free accountTen 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
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% |
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
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21 Sep
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10 Aug
SDRL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score