The Tip Desk

Seadrill Ltd

Company Stats

Market Cap
$2.8B
as of Sep 30, 2026
Enterprise Value
$3.1B
Shares Outstanding
62.5M
Free Float
51.6%

Income Statement

Revenue
$1.4B
Operating Income
$47.0M
Net Income
-$77.0M
EBITDA
$285.0M
Non-cash Impairment
$22.0M
Revenue Growth, 3Y
19.5%

Balance Sheet

Cash & Equivalents
$339.0M
Total Debt
$625.0M
Net Debt
$286.0M
Net Debt / EBITDA
1.00x
EV / EBITDA
10.81x
Net Debt / EBIT
6.09x

Returns & Capital

Buyback Yield, 3Y Avg
9.5%
SBC, 3Y Avg
$15.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.4B——
FY2024$1.4B——
FY2023$1.5B——
FY2022$843.0M——

Annual filing data through FY ended December 31, 2025; shares and float as of November 4, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage