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Side-by-side financial comparison of Allstate (ALL) and Transocean Ltd. (RIG). Click either name above to swap in a different company.

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $922.0M, roughly 1.1× Allstate). Allstate runs the higher net margin — 266.6% vs 2.4%, a 264.2% gap on every dollar of revenue. On growth, Transocean Ltd. posted the faster year-over-year revenue change (9.6% vs 7.2%). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% CAGR vs -75.8%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

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.

ALL vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.1× larger
RIG
$1.0B
$922.0M
ALL
Growing faster (revenue YoY)
RIG
RIG
+2.3% gap
RIG
9.6%
7.2%
ALL
Higher net margin
ALL
ALL
264.2% more per $
ALL
266.6%
2.4%
RIG
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
-75.8%
ALL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALL
ALL
RIG
RIG
Revenue
$922.0M
$1.0B
Net Profit
$2.5B
$25.0M
Gross Margin
42.0%
Operating Margin
-1400.3%
23.0%
Net Margin
266.6%
2.4%
Revenue YoY
7.2%
9.6%
Net Profit YoY
257.1%
EPS (diluted)
$9.25
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALL
ALL
RIG
RIG
Q1 26
$922.0M
Q4 25
$17.3B
$1.0B
Q3 25
$17.3B
$1.0B
Q2 25
$16.6B
$988.0M
Q1 25
$16.5B
$906.0M
Q4 24
$16.5B
$952.0M
Q3 24
$16.6B
$948.0M
Q2 24
$15.7B
$861.0M
Net Profit
ALL
ALL
RIG
RIG
Q1 26
$2.5B
Q4 25
$3.8B
$25.0M
Q3 25
$3.7B
$-1.9B
Q2 25
$2.1B
$-938.0M
Q1 25
$595.0M
$-79.0M
Q4 24
$1.9B
$7.0M
Q3 24
$1.2B
$-494.0M
Q2 24
$331.0M
$-123.0M
Gross Margin
ALL
ALL
RIG
RIG
Q1 26
Q4 25
42.0%
Q3 25
43.2%
Q2 25
39.4%
Q1 25
31.8%
Q4 24
39.2%
Q3 24
40.6%
Q2 24
38.0%
Operating Margin
ALL
ALL
RIG
RIG
Q1 26
-1400.3%
Q4 25
23.0%
Q3 25
-163.1%
Q2 25
-97.6%
Q1 25
7.1%
Q4 24
13.7%
Q3 24
-51.2%
Q2 24
-6.9%
Net Margin
ALL
ALL
RIG
RIG
Q1 26
266.6%
Q4 25
22.1%
2.4%
Q3 25
21.7%
-187.1%
Q2 25
12.7%
-94.9%
Q1 25
3.6%
-8.7%
Q4 24
11.7%
0.7%
Q3 24
7.2%
-52.1%
Q2 24
2.1%
-14.3%
EPS (diluted)
ALL
ALL
RIG
RIG
Q1 26
$9.25
Q4 25
$14.24
$0.13
Q3 25
$13.95
$-2.00
Q2 25
$7.76
$-1.06
Q1 25
$2.11
$-0.11
Q4 24
$7.07
$-0.14
Q3 24
$4.33
$-0.58
Q2 24
$1.13
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALL
ALL
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$31.6B
$8.1B
Total Assets
$124.0B
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
RIG
RIG
Q1 26
Q4 25
$4.9B
$620.0M
Q3 25
$8.7B
$833.0M
Q2 25
$9.6B
$377.0M
Q1 25
$6.5B
$263.0M
Q4 24
$4.5B
$560.0M
Q3 24
$7.0B
$435.0M
Q2 24
$5.3B
$475.0M
Total Debt
ALL
ALL
RIG
RIG
Q1 26
Q4 25
$7.5B
$5.2B
Q3 25
$8.1B
$4.8B
Q2 25
$8.1B
$5.9B
Q1 25
$8.1B
$5.9B
Q4 24
$8.1B
$6.2B
Q3 24
$8.1B
$6.5B
Q2 24
$8.1B
$6.8B
Stockholders' Equity
ALL
ALL
RIG
RIG
Q1 26
$31.6B
Q4 25
$30.6B
$8.1B
Q3 25
$27.5B
$8.1B
Q2 25
$24.0B
$9.4B
Q1 25
$22.1B
$10.2B
Q4 24
$21.4B
$10.3B
Q3 24
$20.9B
$10.2B
Q2 24
$18.6B
$10.7B
Total Assets
ALL
ALL
RIG
RIG
Q1 26
$124.0B
Q4 25
$119.8B
$15.6B
Q3 25
$120.4B
$16.2B
Q2 25
$115.9B
$17.8B
Q1 25
$115.2B
$19.0B
Q4 24
$111.6B
$19.4B
Q3 24
$113.7B
$19.5B
Q2 24
$108.4B
$20.3B
Debt / Equity
ALL
ALL
RIG
RIG
Q1 26
Q4 25
0.24×
0.64×
Q3 25
0.29×
0.60×
Q2 25
0.34×
0.63×
Q1 25
0.37×
0.58×
Q4 24
0.38×
0.60×
Q3 24
0.39×
0.64×
Q2 24
0.43×
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALL
ALL
RIG
RIG
Operating Cash FlowLast quarter
$349.0M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
13.96×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
RIG
RIG
Q1 26
Q4 25
$3.0B
$349.0M
Q3 25
$3.3B
$246.0M
Q2 25
$1.9B
$128.0M
Q1 25
$2.0B
$26.0M
Q4 24
$1.7B
$206.0M
Q3 24
$3.2B
$194.0M
Q2 24
$2.4B
$133.0M
Free Cash Flow
ALL
ALL
RIG
RIG
Q1 26
Q4 25
$2.9B
$321.0M
Q3 25
$3.2B
$235.0M
Q2 25
$1.9B
$104.0M
Q1 25
$1.9B
$-34.0M
Q4 24
$1.7B
$177.0M
Q3 24
$3.1B
$136.0M
Q2 24
$2.3B
$49.0M
FCF Margin
ALL
ALL
RIG
RIG
Q1 26
Q4 25
16.7%
30.8%
Q3 25
18.8%
22.9%
Q2 25
11.3%
10.5%
Q1 25
11.4%
-3.8%
Q4 24
10.0%
18.6%
Q3 24
18.9%
14.3%
Q2 24
14.7%
5.7%
Capex Intensity
ALL
ALL
RIG
RIG
Q1 26
Q4 25
0.5%
2.7%
Q3 25
0.3%
1.1%
Q2 25
0.0%
2.4%
Q1 25
0.6%
6.6%
Q4 24
0.3%
3.0%
Q3 24
0.4%
6.1%
Q2 24
0.4%
9.8%
Cash Conversion
ALL
ALL
RIG
RIG
Q1 26
Q4 25
0.78×
13.96×
Q3 25
0.88×
Q2 25
0.89×
Q1 25
3.30×
Q4 24
0.88×
29.43×
Q3 24
2.69×
Q2 24
7.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALL
ALL

Segment breakdown not available.

RIG
RIG

Ultra Deepwater Floaters$433.0M42%
BR$236.0M23%
Other Geographical$211.0M20%
Harsh Environment Floaters$163.0M16%

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