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Stocks · Energy · Drilling Oil & Gas Wells

Transocean Ltd.

RIG Clue Score46
Switzerland Fiscal year ends December CIK 0001451505
$5.51 -0.54% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $5.51 +38.79% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4.16Operating income1.11Net income0.78EPS, diluted2.08Fiscal year 2017Revenue2.97 −28.6%Operating income−2.51Net income−3.13 −501.9%EPS, diluted−8.00 −484.6%Fiscal year 2018Revenue3.02 +1.5%Operating income−1.25Net income−2.00EPS, diluted−4.27Fiscal year 2019Revenue3.09 +2.3%Operating income−0.72Net income−1.26EPS, diluted−2.05Fiscal year 2020Revenue3.15 +2.1%Operating income−0.49Net income−0.57EPS, diluted−0.92Fiscal year 2021Revenue2.56 −18.9%Operating income−0.11Net income−0.59EPS, diluted−0.93Fiscal year 2022Revenue2.58 +0.7%Operating income−0.03Net income−0.62EPS, diluted−0.89Fiscal year 2023Revenue2.83 +10.0%Operating income−0.33Net income−0.95EPS, diluted−1.24Fiscal year 2024Revenue3.52 +24.4%Operating income−0.42Net income−0.51EPS, diluted−0.76Fiscal year 2025Revenue3.97 +12.5%Operating income−2.34Net income−2.92EPS, diluted−3.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.16 2.97 3.02 3.09 3.15 2.56 2.58 2.83 3.52 3.97
Growth −28.6% +1.5% +2.3% +2.1% −18.9% +0.7% +10.0% +24.4% +12.5%
Operating income 1.11 −2.51 −1.25 −0.72 −0.49 −0.11 −0.03 −0.33 −0.42 −2.34
Net income 0.78 −3.13 −2.00 −1.26 −0.57 −0.59 −0.62 −0.95 −0.51 −2.92
Growth −501.9%
EPS, diluted 2.08 −8.00 −4.27 −2.05 −0.92 −0.93 −0.89 −1.24 −0.76 −3.04
Growth −484.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin26.6%Net margin18.7%Free cash flow margin15.3%Fiscal year 2017Operating margin−84.3%Net margin−105.2%Free cash flow margin22.6%Fiscal year 2018Operating margin−41.5%Net margin−66.1%Free cash flow margin12.4%Fiscal year 2019Operating margin−23.3%Net margin−40.6%Free cash flow margin−1.5%Fiscal year 2020Operating margin−15.6%Net margin−18.0%Free cash flow margin4.2%Fiscal year 2021Operating margin−4.4%Net margin−23.2%Free cash flow margin14.4%Fiscal year 2022Operating margin−1.2%Net margin−24.1%Free cash flow margin−10.4%Fiscal year 2023Operating margin−11.5%Net margin−33.7%Free cash flow margin−9.3%Fiscal year 2024Operating margin−11.8%Net margin−14.5%Free cash flow margin5.5%Fiscal year 2025Operating margin−58.9%Net margin−73.5%Free cash flow margin15.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.6% −84.3% −41.5% −23.3% −15.6% −4.4% −1.2% −11.5% −11.8% −58.9%
Net margin 18.7% −105.2% −66.1% −40.6% −18.0% −23.2% −24.1% −33.7% −14.5% −73.5%
Free cash flow margin 15.3% 22.6% 12.4% −1.5% 4.2% 14.4% −10.4% −9.3% 5.5% 15.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.98Capital expenditure−1.34Free cash flow0.64Fiscal year 2017Operating cash flow1.17Capital expenditure−0.50Free cash flow0.67 +5.8%Fiscal year 2018Operating cash flow0.56Capital expenditure−0.18Free cash flow0.37 −44.4%Fiscal year 2019Operating cash flow0.34Capital expenditure−0.39Free cash flow−0.05 −112.6%Fiscal year 2020Operating cash flow0.40Capital expenditure−0.27Free cash flow0.13Fiscal year 2021Operating cash flow0.58Capital expenditure−0.21Free cash flow0.37 +175.9%Fiscal year 2022Operating cash flow0.45Capital expenditure−0.72Free cash flow−0.27 −173.3%Fiscal year 2023Operating cash flow0.16Capital expenditure−0.43Free cash flow−0.26Fiscal year 2024Operating cash flow0.45Capital expenditure−0.25Free cash flow0.19Fiscal year 2025Operating cash flow0.75Capital expenditure−0.12Free cash flow0.63 +224.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.98 1.17 0.56 0.34 0.40 0.58 0.45 0.16 0.45 0.75
Capital expenditure −1.34 −0.50 −0.18 −0.39 −0.27 −0.21 −0.72 −0.43 −0.25 −0.12
Free cash flow 0.64 0.67 0.37 −0.05 0.13 0.37 −0.27 −0.26 0.19 0.63
Growth +5.8% −44.4% −112.6% +175.9% −173.3% +224.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.05Total debt8.46Net cash (debt)−5.41Shareholders’ equity15.80Debt to equity0.54Fiscal year 2017Cash2.52Total debt7.40Net cash (debt)−4.88Shareholders’ equity12.71Debt to equity0.58Fiscal year 2018Cash2.16Total debt9.98Net cash (debt)−7.82Shareholders’ equity13.11Debt to equity0.76Fiscal year 2019Cash1.79Total debt9.26Net cash (debt)−7.47Shareholders’ equity11.86Debt to equity0.78Fiscal year 2020Cash1.15Shareholders’ equity11.43Fiscal year 2021Cash0.98Shareholders’ equity11.21Fiscal year 2022Cash0.68Shareholders’ equity10.79Fiscal year 2023Cash0.76Shareholders’ equity10.42Fiscal year 2024Cash0.56Shareholders’ equity10.28Fiscal year 2025Cash0.62Shareholders’ equity8.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.05 2.52 2.16 1.79 1.15 0.98 0.68 0.76 0.56 0.62
Total debt 8.46 7.40 9.98 9.26 n/a n/a n/a n/a n/a n/a
Net cash (debt) −5.41 −4.88 −7.82 −7.47 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 15.80 12.71 13.11 11.86 11.43 11.21 10.79 10.42 10.28 8.11
Debt to equity 0.54 0.58 0.76 0.78 n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4.16 2.97 3.02 3.09 3.15 2.56 2.58 2.83 3.52 3.97
Growth −28.6% +1.5% +2.3% +2.1% −18.9% +0.7% +10.0% +24.4% +12.5%
1.90 1.39 1.80 2.14 2.00 1.70 1.68 1.99 2.20 2.41
0.17 0.16 0.19 0.19 0.18 0.17 0.18 0.19 0.21 0.20
1.11 −2.51 −1.25 −0.72 −0.49 −0.11 −0.03 −0.33 −0.42 −2.34
Growth −326.5%
0.93 −3.00 −1.78 −1.20 −0.54 −0.47 −0.56 −0.94 −0.52 −2.95
0.11 0.09 0.23 0.06 0.03 0.12 0.06 0.01 −0.01 −0.03
0.78 −3.13 −2.00 −1.26 −0.57 −0.59 −0.62 −0.95 −0.51 −2.92
Growth −501.9%
Per share
2.08 −8.00 −4.27 −2.05 −0.92 −0.93 −0.89 −1.24 −0.60 −3.04
2.08 −8.00 −4.27 −2.05 −0.92 −0.93 −0.89 −1.24 −0.76 −3.04
Growth −484.6%
367.0 391.0 468.0 612.0 615.0 637.0 699.0 768.0 850.0 960.0
367.0 391.0 468.0 612.0 615.0 637.0 699.0 768.0 925.0 960.0
Growth +6.5% +19.7% +30.8% +0.5% +3.6% +9.7% +9.9% +20.4% +3.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.7% a year over five years.
  • The diluted share count rose 56.1% in five years, which is dilution.
  • Operating margin is down 43.3 points on five years ago, at -58.9%.
  • A net loss in 9 of 10 years on file.