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.
- Symbol
- RIG
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Market cap
- $6.13B
- 52 week range
- 3.03 - 7.66
Valuation
- Share price
- $5.47 (close of 2026-09-23)
- P/E (TTM)
- -3.27x
- Price to book
- 0.73x
- Price to free cash flow
- 6.78x
- Enterprise value
- $10.74B
- Book value per share
- $7.49
Price performance
| Period | Change |
|---|
| 1 day | -0.36% |
| 5 days | -1.26% |
| 1 month | -7.60% |
| 3 months | +3.40% |
| 6 months | -15.33% |
| Year to date | +32.45% |
| 1 year | +54.52% |
| 3 years | -32.80% |
| 5 years | +57.18% |
| 10 years | -39.89% |
| All time | -65.40% |
Profitability and growth
- Return on equity
- -35.95%
- Return on invested capital
- -17.12%
- Return on assets
- -18.64%
- Return on capital employed
- -16.34%
- Gross margin
- 39.32%
- Net margin
- -73.52%
- EBITDA margin
- -42.32%
- Revenue growth
- 12.51%
- Net income growth
- -469.34%
- Free cash flow growth
- 224.35%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 14.74%
- Current ratio
- 1.59x
- Net debt to EBITDA
- -10.43x
Latest reported year
- Period end
- 2025-12-31
- 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
- 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% | -17.12% |
| 2024-12-31 | 37.60% | -14.53% | -4.98% | -2.39% |
| 2023-12-31 | 29.87% | -33.69% | -9.16% | -1.86% |
| 2022-12-31 | 34.80% | -24.12% | -5.75% | -0.17% |
| 2021-12-31 | 33.61% | -23.16% | -5.28% | -0.99% |
| 2020-12-31 | 36.55% | -17.99% | -4.96% | -4.34% |
| 2019-12-31 | 30.70% | -40.64% | -10.58% | -3.51% |
| 2018-12-31 | 40.39% | -66.14% | -15.22% | -5.87% |
| 2017-12-31 | 53.28% | -105.18% | -24.60% | -14.41% |
| 2016-12-31 | 54.31% | 18.70% | 4.92% | 4.71% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $620.00M | - |
| 2024-12-31 | $560.00M | - |
| 2023-12-31 | $762.00M | - |
| 2022-12-31 | $683.00M | - |
| 2021-12-31 | $976.00M | - |
| 2020-12-31 | $1.15B | - |
| 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
- 2015-08-21
| 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
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.03
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.01 |
| 2026-05-04 | - | - |
| 2026-02-19 | - | - |
| 2025-10-29 | - | - |
| 2025-08-04 | - | - |
| 2025-04-28 | - | - |
| 2025-02-17 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- deepwater.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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