Companies / RIG Transocean Ltd. (RIG)
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Zug, Switzerland.
Ticker RIG Exchange NYSE Sector Energy Industry Oil & Gas Drilling Market cap $5.85B 52-week range $3.68 - $7.66 Valuation Share price $5.24 (close of Nov 6, 2026) P/E (TTM) 20.80x Price to book 0.69x Price to free cash flow 7.32x Enterprise value $10.37B Book value per share $7.57 Price performance Period Change 1 day +2.75% 5 days -24.50% 1 month -2.96% 3 months +1.55% 6 months -15.89% Year to date +26.88% 1 year +34.36% 3 years -21.20% 5 years +46.37% 10 years -45.81% All time -66.86%
Short interest As of Oct 15, 2026 Short % of float 30.84% Shares short 312.67M Days to cover 8.55 Change since prior report +4.57% Source FINRA consolidated short interest Profitability and growth Return on equity -35.95% Return on invested capital -16.36% Return on assets -18.64% Return on capital employed -16.34% Gross margin 39.32% Net margin -73.52% EBITDA margin -42.37% Revenue growth 12.51% Free cash flow growth 224.35% Cash flow and balance sheet Free cash flow yield (TTM) 13.67% Current ratio 1.53x Net debt to EBITDA 3.36x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $3.96B Cost of revenue $2.41B Gross profit $1.56B EBITDA -$1.68B Net income -$2.92B Earnings per share $-3.04 Interest expense $555.00M Shares outstanding 960.00M Income statement by year Period end Revenue Gross profit Net income EPS 2025-12-31 $3.96B $1.56B -$2.92B -$3.04 2024-12-31 $3.52B $1.32B -$512.00M -$0.60 2023-12-31 $2.83B $846.00M -$954.00M -$1.24 2022-12-31 $2.58B $896.00M -$621.00M -$0.89 2021-12-31 $2.56B $859.00M -$592.00M -$0.93 2020-12-31 $3.15B $1.15B -$567.00M -$0.92 2019-12-31 $3.09B $948.00M -$1.25B -$2.05 2018-12-31 $3.02B $1.22B -$2.00B -$4.27 2017-12-31 $2.97B $1.58B -$3.13B -$8.00 2016-12-31 $4.16B $2.26B $778.00M $2.08
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-12-31 39.32% -73.52% -35.95% -16.36% 2024-12-31 37.60% -14.53% -4.98% -2.32% 2023-12-31 29.87% -33.69% -9.16% -1.78% 2022-12-31 34.80% -24.12% -5.75% -0.17% 2021-12-31 33.61% -23.16% -5.28% -0.61% 2020-12-31 36.55% -17.99% -4.96% -2.55% 2019-12-31 30.70% -40.64% -10.58% -3.23% 2018-12-31 40.39% -66.14% -15.22% -5.33% 2017-12-31 53.28% -105.18% -24.60% -12.31% 2016-12-31 54.31% 18.70% 4.92% 4.12%
Cash and debt by year Period end Cash Debt 2025-12-31 $620.00M $5.21B 2024-12-31 $560.00M $6.20B 2023-12-31 $762.00M $7.04B 2022-12-31 $683.00M $6.63B 2021-12-31 $976.00M $6.66B 2020-12-31 $1.15B $7.30B 2019-12-31 $1.79B $9.26B 2018-12-31 $2.16B $9.98B 2017-12-31 $2.97B $7.40B 2016-12-31 $3.05B $7.74B
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-12-31 $626.00M $35.00M 2024-12-31 $193.00M $47.00M 2023-12-31 -$263.00M $40.00M 2022-12-31 -$269.00M $29.00M 2021-12-31 $367.00M $28.00M 2020-12-31 $133.00M $31.00M 2019-12-31 -$47.00M $37.00M 2018-12-31 $374.00M $45.00M 2017-12-31 $673.00M $41.00M 2016-12-31 $636.00M $42.00M
Dividend history Most recent payment Aug 21, 2015 Payment date Dividend per share 2015-08-21 $0.15 2015-05-27 $0.15 2015-02-18 $0.75 2014-11-12 $0.75 2014-08-20 $0.75 2014-05-28 $0.75 2014-02-19 $0.56 2013-11-13 $0.56
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-11-02 Sep 2026 $0.03 2026-08-05 Jun 2026 $0.01 2026-05-04 Mar 2026 $0.07 2026-02-19 Dec 2025 $0.09 2025-10-29 Sep 2025 $0.04 2025-08-04 Jun 2025 -$0.01 2025-04-28 Mar 2025 -$0.12 2025-02-17 Dec 2024 $0.01
Filings and sources Company website deepwater.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies Williams Companies, Inc. (WMB) · Kinder Morgan, Inc. (KMI) · Energy Transfer LP (ET) · Targa Resources Corp. (TRGP) · ONEOK Inc (OKE) · Viper Energy, Inc. (VNOM) · Marathon Petroleum Corp (MPC) · Valero Energy Corp (VLO)
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