Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Seadrill reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Valuation signals disagree.Cheaper than 48% of peers on operating cash profit (EBITDA), but only 0% on free cash flow.Cheaper than 48% of peers on operating cash profit, but only 0% on free cash flow.
Relative to its operating cash profit (EBITDA), Seadrill looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Seadrill looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
More volatile share price. Beta 1.39: tends to move more than the market.
Seadrill's shares have swung more with the market than most peers' (beta 1.39, above the market's 1.0).
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 22 → 23
Share price -9.1%+2
Company's reported figures updated-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Sector-normalized EBITDA, earnings, and free cash flow yields.
Earnings yield0.0%
SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.48Sector median: 0.0522 · MAD: 0.0351
EBITDA yield11.8%
SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.06Sector median: 0.1209 · MAD: 0.0518
Free cash flow yield-4.6%
Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.26Sector median: 0.0618 · MAD: 0.0491
Why it changed since the Oct 27, 2026 close: Safety percentile 50 → 51
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Seadrill
Is Seadrill getting weaker?
Its latest SEC filing (Aug 10, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 4.1 points to 7.8%. Its overall score is unchanged at 29/100 since Oct 28, 2026.
How is Seadrill valued vs its peers?
Priced higher than most peers relative to what it earns. Valuation scores 23/100 against 404 energy peers.Free cash flow yield -4.6% vs a peer median of 6.2% (weaker than 100% of peers).Free cash flow yield -4.6% vs peers 6.2% (weaker than 100% of peers).
Is Seadrill growing?
More slowly than most of its peers. Growth scores 26/100 against 404 energy peers.Revenue growth 13.1% vs a peer median of 0.5% (stronger than 75% of peers).Revenue growth 13.1% vs peers 0.5% (stronger than 75% of peers).Earnings per share growth -98.7% vs a peer median of 1.1% (weaker than 100% of peers).Earnings per share growth -98.7% vs peers 1.1% (weaker than 100% of peers).
How profitable is Seadrill?
Less profitable than most of its peers. Profitability scores 18/100 against 404 energy peers.Return on assets 0.0% vs a peer median of 4.4% (weaker than 84% of peers).Return on assets 0.0% vs peers 4.4% (weaker than 84% of peers).
How risky is Seadrill?
Moderate risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 2.50× vs a peer median of 1.37× (stronger than 83% of peers).Current ratio 2.50× vs peers 1.37× (stronger than 83% of peers).Beta 1.39 vs a peer median of 0.57 (weaker than 100% of peers).Beta 1.39 vs peers 0.57 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026
Got stronger
Turned profitable over the last 12 months
Operating margin rose 4.1 points to 7.8%
Debt up 20%
Worth watching: Seadrill is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.5B USD
1.5B USD
+4.9%
Net income (12 months)
−70.0M USD
1.0M USD
turned positive
Operating margin
3.6%
7.8%
+4.1 pts
Debt
614.0M USD
737.0M USD
+20.0%
Cash
304.0M USD
337.0M USD
+10.9%
Shares outstanding
62.5M
62.5M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Oil & Gas Drilling companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2020
FY 2021
FY 2023
FY 2024
FY 2025
Change
Operating margin
-466.3%
-17.2%
21.9%
29.7%
3.3%
▼ 26 pts
Net margin
-484.8%
-64.7%
20.0%
32.2%
-5.4%
▼ 38 pts
Return on assets (ROA)
-117.6%
-15.1%
7.1%
10.7%
-2.0%
▼ 13 pts
Return on equity (ROE)
—
—
10.1%
15.3%
-2.7%
▼ 18 pts
Free cash flow margin
-58.0%
-26.2%
—
—
—
—
Current ratio
0.16×
1.58×
2.98×
1.85×
2.03×
▲ 9.4%
Debt to equity
—
—
0.20×
0.21×
0.21×
▲ 2.6%
Interest coverage
-11.26×
-1.43×
5.58×
6.75×
0.77×
▼ 89%
SDRL price history
Price history is added with the daily price update and will appear after the next one.