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MARKETS / NYSE / RIG
NYSE · DRILLING OIL & GAS WELLS · LARGE CAP

Transocean Ltd. RIG

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.0B
▲ 12.5% YoY
$-2.9B
$626.0M
▲ 224.4% YoY
In brief

What this company does

Transocean Ltd. provides offshore contract drilling services for oil and gas wells. As of February 17, 2026, it owned or had partial ownership interests in and operated 27 mobile offshore drilling units, consisting of 20 ultra-deepwater drillships and seven harsh environment semisubmersibles. As of February 19, 2026, its drilling units, including stacked and idle rigs, were located in the U.S. Gulf of America, Brazil, the Norwegian North Sea, Greece, Australia, India, Ivory Coast, Mexico, and Romania. As of December 31, 2025, it had a global workforce of approximately 5,600 individuals, including approximately 380 contractors, representing 67 nationalities. It conducts this business through a single operating segment. Transocean Ltd. is a Swiss corporation with its registered office in Steinhausen, Canton of Zug, and with principal executive offices located at Turmstrasse 30, 6312 Steinhausen, Switzerland.

Written from the business description in Transocean Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.0B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.0 · Net income -2.9
5B10B-2B-4B2007201020132016201920222025
Compound annual growth
+15.5%
+4.7%
−6.0%
−4.5%
−15.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−74 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -58.9% · Net -73.5%
20%40%-50%-100%2007201020132016201920222025
ROE
FY2025 · ROE -31.7%
10%20%-10%-20%-30%2007201020132016201920222025

Each USD of equity lost 32 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.6
1.0B2.0B-0.2B2007201020132016201920222025
Net buybacks $M Dividends $M
FY2010 · Dividends — · Net buybacks 240.0
200M2007200820092010

Total assetsUSD 15.6B
EquityUSD 8.1B
CashUSD 620.0M
Gross debtUSD 5.7B
Net debtUSD 5.0B
Current ratio1.56×

Net debt stands at 62% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B4.03.52.82.62.63.23.13.03.04.27.49.29.28.98.07.911.412.76.4
Operating income $B−2.3−0.4−0.3−0.0−0.1−0.5−0.7−1.3−2.51.11.4−1.32.21.6−4.82.74.45.43.2
EBITDA $B−1.70.30.40.70.60.30.1−0.4−1.72.02.3−0.23.32.7−3.73.75.8··
Income tax $B−0.0−0.00.00.10.10.00.10.20.10.10.10.10.30.10.30.30.70.70.3
Net income $B−2.9−0.5−1.0−0.6−0.6−0.6−1.3−2.0−3.10.80.9−1.81.4−0.2−5.80.93.24.03.1
Free cash flow $B0.60.2−0.3−0.30.40.1−0.00.40.70.61.40.1−0.31.40.92.62.62.81.7
EPS, diluted $−3.04−0.76−1.24−0.89−0.93−0.92−2.05−4.27−8.002.082.36−5.083.87−0.62−17.882.889.8412.5314.08
Dividend / sh $···················
Payout %···················
ROE %−31.7−4.9−9.0−5.6−5.2−4.9−10.1−15.5−21.95.16.1−12.18.7−1.4−31.14.416.923.5·
Shares out B1.100.880.810.720.660.620.610.610.390.390.360.360.360.360.350.320.320.32·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 11 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDrilling Oil & Gas Wells
Listed onNYSE
Incorporated inoutside the United States — SEC code V8
Fiscal year endsDecember 31
Data on record since2007

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