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Transocean Ltd. logo

Transocean Ltd.

RIG

NYSEEnergyOil & Gas Drilling

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Previous close

$5.92

−$0.09 · -1.50%

Aug 21, 4:00 PM ET

RIG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

52

Fair Value

Momentum

45

Neutral

Sentiment

66

Bullish

Risk resilience

50

Elevated Risk

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Company profile

Company website

Transocean Ltd., in conjunction with its subsidiaries, offers specialized contract drilling services for oil and natural gas wells throughout the world. The company provides mobile offshore drilling rigs, all necessary equipment, and skilled workforces to carry out these drilling operations. As of February 14, 2022, Transocean oversaw and held partial ownership interests in a fleet of 37 mobile offshore drilling units. This fleet notably included 27 ultra-deepwater floaters and 10 floaters built to withstand harsh environmental conditions. Its clientele is varied, consisting of major integrated energy corporations, state-owned or government-controlled oil enterprises, and numerous independent energy companies. Established in 1926, Transocean's corporate headquarters are located in Steinhausen, Switzerland.

Industry
Oil & Gas Drilling
Sector
Energy
Headquarters
CH
CEO
Keelan I. Adamson
Listed since
May 28, 1993
Employees
5,220

Market position

Day range

Current $5.92

52-week range

Current $5.92

Open
$6.05
Previous close
$6.01
Volume
27.09M
0.72× average
Average volume
37.73M
Average daily volume
Market cap
6.02B USD
Beta
1.33
Market reference 1
50-day average
$5.3582
+10.48% above average
200-day average
$5.467
+8.29% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.62B USD
P/E (TTM)
-3.22×
P/B (TTM)
0.79×
P/S (TTM)
1.46×
EV / EBITDA
-4.97×
Earnings yield
-73.52%
Free cash flow yield
15.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
74.28%
Operating margin
22.17%
Net margin
-40.24%
Return on equity
-35.95%
Return on assets
-18.64%
Return on invested capital
4.73%

Financial health

Debt / equity
0.61×
Current ratio
1.56×
Altman Z-score
-0.04
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends99%36%-26%-89%Gross margin, FY2021: 70.97%Gross margin, FY2022: 71.46%Gross margin, FY2023: 73.73%Gross margin, FY2024: 79.03%Gross margin, FY2025: 83.38%Operating margin, FY2021: -4.38%Operating margin, FY2022: -0.82%Operating margin, FY2023: -3.00%Operating margin, FY2024: 10.56%Operating margin, FY2025: 17.78%Net margin, FY2021: -23.16%Net margin, FY2022: -24.12%Net margin, FY2023: -33.69%Net margin, FY2024: -14.53%Net margin, FY2025: -73.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 70.97%. Gross margin FY2022 71.46%. Gross margin FY2023 73.73%. Gross margin FY2024 79.03%. Gross margin FY2025 83.38%. Operating margin FY2021 -4.38%. Operating margin FY2022 -0.82%. Operating margin FY2023 -3.00%. Operating margin FY2024 10.56%. Operating margin FY2025 17.78%. Net margin FY2021 -23.16%. Net margin FY2022 -24.12%. Net margin FY2023 -33.69%. Net margin FY2024 -14.53%. Net margin FY2025 -73.52%.

Income trends

Revenue

3.97B USD+12.51%

Operating income

705M USD+89.52%

Net income

−2.92B USD-469.34%
Income trends across reported periods4.65B USD1.9B USD−851M USD−3.6B USDRevenue, FY2021: 2.56B USDRevenue, FY2022: 2.58B USDRevenue, FY2023: 2.83B USDRevenue, FY2024: 3.52B USDRevenue, FY2025: 3.97B USDOperating income, FY2021: −112M USDOperating income, FY2022: −21M USDOperating income, FY2023: −85M USDOperating income, FY2024: 372M USDOperating income, FY2025: 705M USDNet income, FY2021: −592M USDNet income, FY2022: −621M USDNet income, FY2023: −954M USDNet income, FY2024: −512M USDNet income, FY2025: −2.92B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.56B USD. Revenue FY2022 2.58B USD. Revenue FY2023 2.83B USD. Revenue FY2024 3.52B USD. Revenue FY2025 3.97B USD. Operating income FY2021 −112M USD. Operating income FY2022 −21M USD. Operating income FY2023 −85M USD. Operating income FY2024 372M USD. Operating income FY2025 705M USD. Net income FY2021 −592M USD. Net income FY2022 −621M USD. Net income FY2023 −954M USD. Net income FY2024 −512M USD. Net income FY2025 −2.92B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.97B USD3.52B USD2.83B USD2.58B USD2.56B USD
Cost of goods sold659M USD739M USD744M USD735M USD742M USD
Gross profit3.31B USD2.79B USD2.09B USD1.84B USD1.81B USD
Selling, general, and administrative195M USD214M USD187M USD182M USD167M USD
Operating expenses2.6B USD2.41B USD2.17B USD1.86B USD1.93B USD
Interest income40M USD50M USD52M USD27M USD15M USD
Interest expense555M USD362M USD646M USD561M USD447M USD
Depreciation and amortization659M USD743M USD796M USD852M USD962M USD
Operating income705M USD372M USD−85M USD−21M USD−112M USD
Net income−2.92B USD−512M USD−954M USD−621M USD−592M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-897.58%
11 comparable reports
Latest EPS result
0.15
Estimate 0.01 · Beat by 1427.49%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.25-0.22-0.69-1.15Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 17, 2025: actual -0.09, estimate 0.01, surprise -1000.00%, Miss. Q2 2025, reported Apr 28, 2025: actual -0.1, estimate -0.12, surprise +16.67%, Beat. Q3 2025, reported Aug 4, 2025: actual -1.06, estimate -0.01, surprise -10463.10%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.06, estimate 0.04, surprise +50.00%, Beat. Q1 2026, reported Feb 19, 2026: actual 0.02, estimate 0.09, surprise -77.78%, Miss. Q2 2026, reported May 4, 2026: actual -0.03, estimate 0.07, surprise -142.86%, Miss. Q3 2026, reported Aug 5, 2026: actual 0.15, estimate 0.01, surprise +1427.49%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.12B1.03B936.87M843.18MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 17, 2025: actual 952M USD, estimate 962.68M USD, surprise -1.11%, Miss. Q2 2025, reported Apr 28, 2025: actual 906M USD, estimate 886.42M USD, surprise +2.21%, Beat. Q3 2025, reported Aug 4, 2025: actual 988M USD, estimate 993.85M USD, surprise -0.59%, Miss. Q4 2025, reported Oct 29, 2025: actual 1.03B USD, estimate 1.03B USD, surprise -0.42%, Miss. Q1 2026, reported Feb 19, 2026: actual 1.04B USD, estimate 1.04B USD, surprise +0.77%, Beat. Q2 2026, reported May 4, 2026: actual 1.08B USD, estimate 1.02B USD, surprise +5.48%, Beat. Q3 2026, reported Aug 5, 2026: actual 966M USD, estimate 956.64M USD, surprise +0.98%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 934.53M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$7.00

18.24% upside
Past 12 months12-month forecastHigh $7.00Average $7.00Low $7.00

Rating distribution

64 ratings
Strong buy00%
Buy2539%
Hold2539%
Sell1422%
Strong sell00%

RIG news

zacks.com

Transocean Secures $300M ONGC Contract for Ultra-Deepwater Rig

RIG lands a two-year ONGC drillship award worth about $300 million, with priced options that could extend deployment in India into early 2031.

Read source
globenewswire.com

Transocean Ltd. Announces $300 Million Contract For Ultra-Deepwater Drillship

STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India.

Read source
zacks.com

Transocean Q2 Earnings Beat Estimates, Revenues Decline Y/Y

RIG beats Q2 earnings estimates as Harsh environment floaters deliver stronger revenues, utilization and day rates despite lower sales.

Read source
benzinga.com

Twilio, Transocean, Blackstone And More On CNBC's ‘Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner and chief market strategist at Cerity Partners, recommended Transocean Ltd. (NYSE:RIG), an energy stock.

Read source
defenseworld.net

Transocean (NYSE:RIG) Stock Price Up 6.8% Following Analyst Upgrade

Transocean Ltd. (NYSE: RIG - Get Free Report)'s share price rose 6.8% on Monday after Fearnley Fonds upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $5.59 and last traded at…

Read source
defenseworld.net

7,664,059 Shares in Transocean Ltd. $RIG Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Transocean Ltd. (NYSE: RIG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.81

2014 complete year+1538.2% since 1998

Corporate action history

Dividend

Ex-dividend Aug 21, 2015

$0.15

Quarterly

Record Aug 25, 2015 · Payment Sep 23, 2015

Dividend

Ex-dividend May 27, 2015

$0.15

Quarterly

Record May 29, 2015 · Payment Jun 17, 2015

Dividend

Ex-dividend Feb 18, 2015

$0.75

Quarterly

Record Feb 20, 2015 · Payment Mar 18, 2015

Dividend

Ex-dividend Nov 12, 2014

$0.75

Quarterly

Record Nov 14, 2014 · Payment Dec 17, 2014

Dividend

Ex-dividend Aug 20, 2014

$0.75

Quarterly

Record Aug 22, 2014 · Payment Sep 17, 2014

Dividend

Ex-dividend May 28, 2014

$0.75

Quarterly

Record May 30, 2014 · Payment Jun 18, 2014

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ETFs holding RIG

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
170.08M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
122.93M
Weight
0.07%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
VanEck Oil Services ETF logoVanEck Oil Services ETFOIH
Market value
90.26M
Weight
4.56%
AUM
1.97B USD
Expense ratio
0.35%
Price / 1D
$415.33-0.18%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
71.19M
Weight
0.16%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
61.59M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
32.46M
Weight
0.39%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
30.92M
Weight
0.21%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
29.5M
Weight
0.16%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

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