Transocean Ltd.(RIG)Earnings, Financials & Key RatiosTransocean Ltd. (RIG) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
while the company has achieved a positive 12.6% free cash flow margin, the forward P/E of 40.49 and the persistent $5.3 billion debt load suggest that significant operational risks remain for long-term equity holders.
Transocean Ltd. (RIG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Transocean Ltd. (RIG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.03vs $0.07-142.9% | $1.1Bvs $1.0B+5.5% |
| Q1 2026 | Feb 19, 2026 | $0.02vs $0.09-77.8% | $1.0Bvs $1.0B+0.8% |
| Q4 2025 | Oct 29, 2025 | $0.06vs $0.04+50.0% | $1.0Bvs $1.0B-0.4% |
| Q3 2025 | Aug 4, 2025 | $1.06vs $0.01-10463.1% | $988Mvs $994M-0.6% |
Recent stock market news and headlines for Transocean Ltd. (RIG)
STEINHAUSEN, Switzerland, July 07, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter 2026 and issue a fleet status report on Wednesday, August 5, 2026, after the close of trading on the New York Stock Exchange.
Noble maintains a positive net margin and lower leverage while focusing on high-specification offshore drilling rigs. Transocean commands higher revenue and a larger fleet but continues to navigate significant net losses and a major pending merger.
Transocean Ltd. secures a $1B+ contract with Equinor, reinforcing robust backlog growth and operational momentum despite recent share price weakness. Transocean's merger with Valaris Limited, valued at $5.8 billion, is expected to reduce leverage, unlock up to $200 million in annual synergies, and enhance scale and backlog. Industry fundamentals are improving, with rising rig utilization and daily rates driving higher revenue and cash flows for RIG.
RIG adds more than $1B to its backlog with Equinor through a seven-rig-year Norway drilling deal, boosting long-term revenue visibility from 2027.
STEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced its entry into an agreement with Equinor, conditional to license approvals, for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement is worth over $1 billion in contract backlog over seven rig years, excluding additional services. The base day rate of $399,000 per day excludes adjustment provisions that will be effective prior to commencement and result in an effective day rate exceeding $400,000 per day at commencement.
Key metrics vs top competitors for Transocean Ltd. (RIG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.02 | $4.53B | -1.65 | 12.51% | -73.52% | -31.7% | — | |
| $74.59 | $5.17B | 5.38 | 0.27% | 45.37% | 36.13% | — | |
| $38.36 | $6.12B | 28.41 | 7.45% | 7.17% | 5.01% | — | |
| $38.72 | $2.42B | -31.23 | 3.75% | -1.66% | -0.84% | — | |
| $31.83 | $3.18B | -19.17 | 35.89% | -9.39% | -13.63% | — | |
| $78.09 | $1.16B | 4.55 | 8.69% | 6.43% | 14.11% | — |
Transocean Ltd. (RIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Transocean Ltd. (RIG) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
May 4, 2026·SEC
Apr 16, 2026·SEC
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Transocean Ltd. (RIG) stock FAQ — growth, dividends, profitability & financials explained
Transocean Ltd. (RIG) reported $4.14B in revenue for fiscal year 2025. This represents a 683% increase from $528.9M in 1996.
Transocean Ltd. (RIG) grew revenue by 12.5% over the past year. This is steady growth.
Transocean Ltd. (RIG) reported a net loss of $2.77B for fiscal year 2025.
Transocean Ltd. (RIG) has a return on equity (ROE) of -31.7%. Negative ROE indicates the company is unprofitable.
Transocean Ltd. (RIG) generated $796.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
