Is the business good?
How good a business is SDRL?
Seadrill Limited earns 2.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.9%
Return on invested capital · cost of capital 9.0% · 6.1 points below what the capital costs: growth destroys value
- Operating margin
- 7.8%
Operating margin · Oil & Gas Drilling median 5.0% · 12 months to Q2 2026
- Share count, year on year
- 0.00%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | −466% |
| FY2021 | −17% |
| FY2022 | 7.1% |
| FY2023 | 22% |
| FY2024 | 30% |
| FY2025 | 3.3% |
Details›
- Operating margin12 months to Q2 2026
- 7.8%
- Net margin12 months to Q2 2026
- 0.07%
- Free cash flow margin
- −8.6%
- Revenue, trailing twelve months
- $1.53B
- Free cash flow, trailing twelve months
- −$132M
- Net income, trailing twelve months
- $1.0M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.