SDRL (Seadrill Limited) Stock Financials & Earnings | Market Cap Arena

SDRL (Seadrill Limited) Stock Financials & Earnings | Market Cap Arena

SDRLSeadrill Limited

Mkt Cap$3B

Energy·Oil & Gas Drilling·🇬🇧 United Kingdom·NYSE

Revenue (TTM)$1.4B

Net Income (TTM)-$77M

EPS (TTM)-$1.21

Free Cash Flow (TTM)-$92M

Gross Margin16.2%

Op. Margin4.8%

Net Margin-5.4%

FCF Margin-6.5%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)—

YoY Rev Growth+4.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$266M	$64M	$51M
Q2 23	$414M	$136M	$109M
Q3 23	$414M	$132M	$117M
Q4 23	$389M	$124M	$52M
Q1 24	$367M	$91M	$80M
Q2 24	$360M	$154M	$288M
Q3 24	$354M	$76M	$47M
Q4 24	$289M	$14M	-$3M
Q1 25	$335M	$41M	$18M
Q2 25	$377M	$32M	$6M
Q3 25	$352M	$112M	$26M
Q4 25	$362M	$46M	$19M

Valuation

Quarter	P/S	P/E
Q1 23	2.7x	11.3x
Q2 23	2.3x	7.3x
Q3 23	2.0x	5.7x
Q4 23	1.8x	9.1x
Q1 24	1.7x	8.6x
Q2 24	1.8x	5.7x
Q3 24	1.8x	6.5x
Q4 24	2.0x	6.1x
Q1 25	2.0x	7.3x
Q2 25	2.0x	35.3x
Q3 25	2.0x	80.0x
Q4 25	1.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$15M	$4M
Q2 23	$20M	$6M
Q3 23	$112M	$84M
Q4 23	$140M	$92M
Q1 24	$29M	$6M
Q2 24	$79M	$36M
Q3 24	-$27M	-$80M
Q4 24	$7M	-$31M
Q1 25	-$27M	-$72M
Q2 25	$11M	$56M
Q3 25	$28M	$9M
Q4 25	-$40M	-$85M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$11M
Q2 23	$14M
Q3 23	$28M
Q4 23	$48M
Q1 24	$23M
Q2 24	$43M
Q3 24	$53M
Q4 24	$38M
Q1 25	$45M
Q2 25	$45M
Q3 25	$19M
Q4 25	$45M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+7.3%	+1.9%
Q2 23	+63.6%	+33.8%
Q3 23	+53.9%	+19.3%
Q4 23	+63.4%	+35.9%
Q1 24	+38.0%	+33.5%
Q2 24	-13.0%	-76.4%
Q3 24	-14.5%	+3.4%
Q4 24	-25.7%	-13.4%
Q1 25	-8.7%	+10.5%
Q2 25	+4.7%	+415.3%
Q3 25	-0.6%	+6.2%
Q4 25	+25.3%	+17.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$3M	0.8%
Q2 24	$0	0.0%
Q3 24	$5M	1.4%
Q4 24	$5M	1.7%
Q1 25	$4M	1.2%
Q2 25	$5M	1.3%
Q3 25	$5M	1.4%
Q4 25	$6M	1.7%

OpEx Breakdown

Quarter	SG&A
Q1 23	$14M
Q2 23	$14M
Q3 23	$20M
Q1 24	$25M
Q2 24	$24M
Q3 24	$27M
Q4 24	$31M
Q1 25	$23M
Q2 25	$26M
Q4 25	$27M

Revenue by Geography

Quarter	Angola	Brazil	Norway	Other Geographic Segment	United States
Q1 25	$81M	$121M	$23M	$29M	$81M
Q2 25	$84M	$165M	$22M	—	$106M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$376M	$0	$376M
Q2 23	$412M	$0	$412M
Q3 23	$837M	$0	$837M
Q4 23	$697M	$0	$697M
Q1 24	$584M	$0	$584M
Q2 24	$835M	$0	$835M
Q3 24	$566M	$0	$566M
Q4 24	$478M	$0	$478M
Q1 25	$404M	$0	$404M
Q2 25	$393M	$0	$393M
Q3 25	$402M	$0	$402M
Q4 25	$339M	$0	$339M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	52M	+3.6%
Q2 23	83M	+60.2%
Q3 23	82M	-1.4%
Q4 23	75M	-8.9%
Q1 24	75M	+0.7%
Q2 24	73M	-2.7%
Q3 24	65M	-10.5%
Q4 24	64M	-2.1%
Q1 25	65M	+1.7%
Q2 25	65M	+0.0%
Q3 25	65M	+0.0%
Q4 25	63M	-3.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	$242K	5K
FY 19	$306K	5K
FY 20	$303K	3K
FY 21	$282K	3K
FY 22	$360K	3K
FY 23	$588K	3K
FY 24	$420K	3K
FY 25	$479K	3K