Seadrill Limited (SDRL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 358M | 362M | 352M | 377M | 335M | 289M | 354M | 360M | 367M | 389M | 414M | 414M | 266M | 238M | 269M | 253M | 248M | 376M | 222M | 219M |
| Revenue Growth % | 6.87% | 25.26% | -0.56% | 4.72% | -8.72% | -25.71% | -14.49% | -13.04% | 37.97% | 63.45% | 53.9% | 63.64% | 7.26% | -36.7% | 21.17% | 15.53% | 13.24% | 231.28% | 5.46% | -16.09% |
| Cost of Goods Sold | 308M | 316M | 240M | 345M | 294M | 275M | 278M | 206M | 276M | 265M | 282M | 278M | 202M | 172M | 232M | 212M | 176M | 362M | 221M | 285M |
| COGS % of Revenue | 86.03% | 87.29% | 68.18% | 91.51% | 87.76% | 95.16% | 78.53% | 57.22% | 75.2% | 68.12% | 68.12% | 67.15% | 75.94% | 72.27% | 86.25% | 83.79% | 70.97% | 96.28% | 99.55% | 130.14% |
| Gross Profit | 50M | 46M | 112M | 32M | 41M | 14M | 76M | 154M | 91M | 124M | 132M | 136M | 64M | 66M | 37M | 41M | 72M | 14M | 1M | -66M |
| Gross Margin % | 13.97% | 12.71% | 31.82% | 8.49% | 12.24% | 4.84% | 21.47% | 42.78% | 24.8% | 31.88% | 31.88% | 32.85% | 24.06% | 27.73% | 13.75% | 16.21% | 29.03% | 3.72% | 0.45% | -30.14% |
| Gross Profit Growth % | 21.95% | 228.57% | 47.37% | -79.22% | -54.95% | -88.71% | -42.42% | 13.24% | 42.19% | 87.88% | 256.76% | 231.71% | -11.11% | 371.43% | 3600% | 162.12% | 200% | 122.05% | 103.17% | -1420% |
| Operating Expenses | 25M | 27M | 86M | 26M | 23M | 17M | 29M | -134M | 11M | 72M | 15M | 27M | 13M | 76M | 17M | 16M | 35M | -203M | 5M | 162M |
| OpEx % of Revenue | 6.98% | 7.46% | 24.43% | 6.9% | 6.87% | 5.88% | 8.19% | -37.22% | 3% | 18.51% | 3.62% | 6.52% | 4.89% | 31.93% | 6.32% | 6.32% | 14.11% | -53.99% | 2.25% | 73.97% |
| Selling, General & Admin | 25M | 27M | 0 | 26M | 23M | 31M | 27M | 24M | 25M | 0 | 20M | 14M | 14M | 0 | 18M | 16M | 14M | 29M | 16M | 21M |
| SG&A % of Revenue | 6.98% | 7.46% | - | 6.9% | 6.87% | 10.73% | 7.63% | 6.67% | 6.81% | - | 4.83% | 3.38% | 5.26% | - | 6.69% | 6.32% | 5.65% | 7.71% | 7.21% | 9.59% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 0 | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 0 | 1000K | -1000K | -1000K | 1000K |
| Operating Income | 25M | 19M | 26M | 6M | 18M | -3M | 47M | 288M | 80M | 52M | 117M | 109M | 51M | -10M | 20M | 25M | 37M | 217M | -4M | -228M |
| Operating Margin % | 6.98% | 5.25% | 7.39% | 1.59% | 5.37% | -1.04% | 13.28% | 80% | 21.8% | 13.37% | 28.26% | 26.33% | 19.17% | -4.2% | 7.43% | 9.88% | 14.92% | 57.71% | -1.8% | -104.11% |
| Operating Income Growth % | 38.89% | 733.33% | -44.68% | -97.92% | -77.5% | -105.77% | -59.83% | 164.22% | 56.86% | 620% | 485% | 336% | 37.84% | -104.61% | 600% | 110.96% | 254.17% | 113.96% | 99.74% | -159.09% |
| EBITDA | 96M | 88M | 84M | 62M | 73M | 42M | 89M | 331M | 118M | 95M | 156M | 146M | 87M | 35M | 17M | 2M | 67M | 277M | 8M | -239M |
| EBITDA Margin % | 26.82% | 24.31% | 23.86% | 16.45% | 21.79% | 14.53% | 25.14% | 91.94% | 32.15% | 24.42% | 37.68% | 35.27% | 32.71% | 14.71% | 6.32% | 0.79% | 27.02% | 73.67% | 3.6% | -109.13% |
| EBITDA Growth % | 31.51% | 109.52% | -5.62% | -81.27% | -38.14% | -55.79% | -42.95% | 126.71% | 35.63% | 171.43% | 817.65% | 7200% | 29.85% | -87.36% | 112.5% | 100.84% | 272.22% | 118.47% | 100.54% | -3883.33% |
| D&A (Non-Cash Add-back) | 71M | 69M | 58M | 56M | 55M | 45M | 42M | 43M | 38M | 43M | 39M | 37M | 36M | 45M | 0 | 0 | 30M | 60M | 12M | 0 |
| EBIT | 25M | -23M | 27M | 2M | 16M | -17M | 54M | 88M | 85M | 55M | 127M | 120M | 60M | -7M | 17M | 2M | 35M | 3.83B | -34M | -239M |
| Net Interest Income | -13M | -13M | -11M | -12M | -11M | -10M | -9M | -9M | -8M | -2M | -5M | -8M | -9M | -18M | -29M | -28M | -16M | -12M | -18M | -21M |
| Interest Income | 2M | 3M | 4M | 3M | 4M | 5M | 6M | 7M | 7M | 13M | 10M | 5M | 7M | 0 | 4M | 2M | 1M | - | 0 | 1M |
| Interest Expense | 15M | 16M | 15M | 15M | 15M | 15M | 15M | 16M | 15M | 15M | 15M | 13M | 16M | 18M | 33M | 30M | 17M | 12M | 18M | 22M |
| Other Income/Expense | -9M | -58M | -26M | -19M | -17M | -29M | -8M | -32M | -10M | 2M | -5M | -2M | -7M | -13M | -36M | -53M | 3.71B | 3.61B | -48M | -33M |
| Pretax Income | 16M | -39M | 0 | -13M | 1M | -32M | 39M | 256M | 70M | 54M | 112M | 107M | 44M | -23M | -16M | -28M | 3.75B | 3.83B | -52M | -261M |
| Pretax Margin % | 4.47% | -10.77% | - | -3.45% | 0.3% | -11.07% | 11.02% | 71.11% | 19.07% | 13.88% | 27.05% | 25.85% | 16.54% | -9.66% | -5.95% | -11.07% | 1510.08% | 1018.35% | -23.42% | -119.18% |
| Income Tax | -23M | -29M | 11M | 29M | 15M | -133M | 7M | 3M | 10M | -19M | 22M | 13M | 1M | 0 | 2M | 8M | 2M | -6M | 3M | 9M |
| Effective Tax Rate % | -143.75% | 74.36% | - | -223.08% | 1500% | 415.63% | 17.95% | 1.17% | 14.29% | -35.19% | 19.64% | 12.15% | 2.27% | 0% | -12.5% | -28.57% | 0.05% | -0.16% | -5.77% | -3.45% |
| Net Income | 39M | -10M | -11M | -42M | -14M | 101M | 32M | 253M | 60M | 73M | 90M | 94M | 43M | 249M | -16M | -36M | 3.71B | 3.91B | -86M | -294M |
| Net Margin % | 10.89% | -2.76% | -3.13% | -11.14% | -4.18% | 34.95% | 9.04% | 70.28% | 16.35% | 18.77% | 21.74% | 22.71% | 16.17% | 104.62% | -5.95% | -14.23% | 1495.97% | 1040.16% | -38.74% | -134.25% |
| Net Income Growth % | 378.57% | -109.9% | -134.38% | -116.6% | -123.33% | 38.36% | -64.44% | 169.15% | 39.53% | -70.68% | 662.5% | 361.11% | -98.84% | -93.63% | 81.4% | 87.76% | 1292.93% | 368.43% | 94.1% | -62.43% |
| Net Income (Continuing) | 39M | -10M | -11M | -42M | -14M | 101M | 32M | 253M | 60M | 73M | 90M | 94M | 43M | -23M | -18M | -36M | 3.74B | 3.83B | -55M | -270M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | -1000K | 1000K | -1000K | -1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.11 | -0.16 | -0.17 | -0.65 | -0.23 | 1.60 | 0.49 | 3.49 | 0.81 | 0.98 | 1.10 | 1.16 | 0.83 | -0.46 | -0.32 | -0.72 | 74.52 | 1.04 | -0.86 | -2.93 |
| EPS Growth % | 52.17% | -110% | -134.69% | -118.62% | -128.4% | 63.27% | -55.45% | 200.86% | -2.41% | 313.04% | 443.75% | 261.11% | -98.89% | -144.4% | 62.79% | 75.43% | 2551.32% | 108.52% | 94.06% | -61.88% |
| EPS (Basic) | -0.11 | -0.16 | -0.18 | -0.68 | -0.23 | 1.58 | 0.49 | 3.64 | 0.83 | 1.02 | 1.13 | 1.18 | 0.86 | -0.46 | -0.32 | -0.72 | 74.52 | 1.04 | -0.86 | -2.93 |
| Diluted Shares Outstanding | 62.1M | 62.5M | 65M | 65M | 65M | 63.92M | 65.31M | 73M | 75M | 74.5M | 81.82M | 83M | 51.81M | 50M | 50M | 50M | 50M | 100.38M | 100M | 100M |
| Basic Shares Outstanding | 62.1M | 62.5M | 62M | 62M | 62M | 63.92M | 65.31M | 70M | 72M | 71.5M | 79.65M | 80M | 50M | 50M | 50M | 50M | 50M | 100.38M | 100M | 100M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |