Transocean Ltd.RIGEarnings & Financial Report
Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
Revenue
$763.0M
Gross Profit
$240.0M
Operating Profit
$-3.0M
Net Profit
$98.0M
Gross Margin
31.5%
Operating Margin
-0.4%
Net Margin
12.8%
YoY Growth
17.6%
EPS
$0.11
Transocean Ltd. Q1 FY2024 Financial Summary
Transocean Ltd. reported revenue of $763.0M (up 17.6% YoY) for Q1 FY2024, with a net profit of $98.0M (up 121.1% YoY) (12.8% margin). Cost of goods sold was $523.0M, operating expenses totaled $243.0M.
Key Financial Metrics
| Total Revenue | $763.0M |
|---|---|
| Net Profit | $98.0M |
| Gross Margin | 31.5% |
| Operating Margin | -0.4% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Transocean Ltd. Q1 FY2024 revenue of $763.0M breaks down across 4 segments, led by Ultra Deepwater Floaters at $370.0M (48.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Ultra Deepwater Floaters | $370.0M | 48.5% |
| BR | $155.0M | 20.3% |
| Harsh Environment Floaters | $151.0M | 19.8% |
| Other Geographical | $87.0M | 11.4% |
Transocean Ltd. Revenue by Segment — Quarterly Trend
Transocean Ltd. revenue by segment across the last 4 reported quarters, showing how each business line (such as Ultra Deepwater Floaters and BR) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Ultra Deepwater Floaters | $433.0M | — | $408.0M | $394.0M |
| BR | $236.0M | $223.0M | $221.0M | $192.0M |
| Harsh Environment Floaters | $163.0M | $177.0M | $140.0M | $159.0M |
| Other Geographical | $211.0M | $228.0M | $219.0M | $161.0M |
Transocean Ltd. Annual Revenue by Year
Transocean Ltd. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.0B |
| 2024 | $3.5B |
| 2023 | $2.8B |
| 2022 | $2.6B |
Transocean Ltd. Quarterly Revenue & Net Profit History
Transocean Ltd. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.0B | +9.6% | $25.0M | 2.4% |
| Q3 FY2025 | $1.0B | +8.4% | $-1.9B | -187.1% |
| Q2 FY2025 | $988.0M | +14.8% | $-938.0M | -94.9% |
| Q1 FY2025 | $906.0M | +18.7% | $-79.0M | -8.7% |
| Q4 FY2024 | $952.0M | +28.5% | $7.0M | 0.7% |
| Q3 FY2024 | $948.0M | +33.0% | $-494.0M | -52.1% |
| Q2 FY2024 | $861.0M | +18.1% | $-123.0M | -14.3% |
| Q1 FY2024 | $763.0M | +17.6% | $98.0M | 12.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $763.0M | $861.0M | $948.0M | $952.0M | $906.0M | $988.0M | $1.03B | $1.04B |
| YoY Growth | 17.6% | 18.1% | 33.0% | 28.5% | 18.7% | 14.8% | 8.4% | 9.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.94B | $20.32B | $19.51B | $19.37B | $19.02B | $17.81B | $16.17B | $15.64B |
| Liabilities | $9.42B | $9.62B | $9.28B | $9.09B | $8.81B | $8.46B | $8.10B | $7.53B |
| Equity | $10.52B | $10.71B | $10.23B | $10.28B | $10.21B | $9.35B | $8.08B | $8.11B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-86.0M | $133.0M | $194.0M | $206.0M | $26.0M | $128.0M | $246.0M | $349.0M |