Seadrill Ltd (SDRL)

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates floaters, such as drillships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments. It also offers jackup rigs, management services, and provides contracts drilling units to drill wells. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Seadrill 2021 Limited. Seadrill Limited was incorporated in 2005 and is based in Houston, Texas.

Ticker: SDRL
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas Drilling
Market cap: $2.62B
52-week range: $28.10 - $55.47

Valuation

Share price: $42.20 (close of Nov 6, 2026)
P/E (TTM): -148.67x
Price to book: 0.93x
Price to free cash flow: 22.75x
Enterprise value: $2.89B
Book value per share: $45.42

Price performance

Period	Change
1 day	+2.63%
5 days	-19.73%
1 month	-6.41%
3 months	-1.72%
6 months	-12.67%
Year to date	+21.97%
1 year	+45.42%
3 years	+3.61%
All time	+59.25%

Short interest

As of: Oct 15, 2026
Short % of float: 6.96%
Shares short: 4.26M
Days to cover: 6.52
Change since prior report: -6.09%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -2.69%
Return on invested capital: 0.67%
Return on assets: -1.95%
Return on capital employed: 1.32%
Gross margin: 10.44%
Net margin: -5.36%
EBITDA margin: 19.83%
Revenue growth: 3.75%
Net income growth: -117.26%
Free cash flow growth: -131.82%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.40%
Current ratio: 2.18x
Net debt to EBITDA: 0.77x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.44B
Cost of revenue: $1.29B
Gross profit: $150.00M
EBITDA: $285.00M
Net income: -$77.00M
Earnings per share: $-1.18
Interest expense: $61.00M
Shares outstanding: 65.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$1.44B	$150.00M	-$77.00M	-$1.18
2024-12-31	$1.39B	$316.00M	$446.00M	$6.56
2023-12-31	$1.50B	$389.00M	$300.00M	$4.23
2021-12-31	$907.00M	-	-$587.00M	-$5.85
2020-12-31	$961.00M	-	-$4.66B	-$46.43
2019-12-31	$1.25B	-	-$1.22B	-$12.18
2017-12-31	$1.89B	-	-$2.97B	-$5.89

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	10.44%	-5.36%	-2.69%	0.67%
2024-12-31	22.82%	32.20%	15.28%	11.65%
2023-12-31	25.90%	19.97%	10.06%	8.68%
2021-12-31	-	-64.72%	-	-
2020-12-31	-	-484.81%	-	-51.62%
2019-12-31	-	-97.21%	-73.88%	-3.03%
2017-12-31	-	-157.47%	-45.32%	-

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$339.00M	$613.00M
2024-12-31	$478.00M	$610.00M
2023-12-31	$697.00M	$608.00M
2021-12-31	$293.00M	-
2020-12-31	$491.00M	$5.66B
2019-12-31	$485.00M	$6.28B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	-$28.00M	$20.00M
2024-12-31	$88.00M	$17.00M
2023-12-31	$287.00M	$8.00M
2021-12-31	-$238.00M	-
2020-12-31	-$557.00M	$8.00M
2019-12-31	-$409.00M	$5.00M
2017-12-31	$249.00M	$7.00M

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-03	Sep 2026	$0.20
2026-08-10	Jun 2026	$0.29
2026-05-11	Mar 2026	-$0.10
2026-02-25	Dec 2025	$0.07
2025-11-05	Sep 2025	$0.26
2025-08-06	Jun 2025	$0.68
2025-05-12	Mar 2025	-
2025-02-26	Dec 2024	-$0.34

Filings and sources

Company website: seadrill.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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