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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Seadrill Ltd (SDRL). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $273.0M, roughly 1.4× Seadrill Ltd). Seadrill Ltd runs the higher net margin — -3.7% vs -5.6%, a 1.9% gap on every dollar of revenue. Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs -8.9%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.

DHC vs SDRL — Head-to-Head

Bigger by revenue
DHC
DHC
1.4× larger
DHC
$379.6M
$273.0M
SDRL
Higher net margin
SDRL
SDRL
1.9% more per $
SDRL
-3.7%
-5.6%
DHC
Faster 2-yr revenue CAGR
DHC
DHC
Annualised
DHC
1.2%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
SDRL
SDRL
Revenue
$379.6M
$273.0M
Net Profit
$-21.2M
$-10.0M
Gross Margin
Operating Margin
-12.6%
-1.1%
Net Margin
-5.6%
-3.7%
Revenue YoY
-0.0%
Net Profit YoY
75.7%
EPS (diluted)
$-0.09

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
DHC
DHC
SDRL
SDRL
Q4 25
$379.6M
$273.0M
Q3 25
$388.7M
$280.0M
Q2 25
$382.7M
$288.0M
Q1 25
$386.9M
$248.0M
Q4 24
$379.6M
Q3 24
$373.6M
$263.0M
Q2 24
$371.4M
$267.0M
Q1 24
$370.8M
$275.0M
Net Profit
DHC
DHC
SDRL
SDRL
Q4 25
$-21.2M
$-10.0M
Q3 25
$-164.0M
$-11.0M
Q2 25
$-91.6M
$-42.0M
Q1 25
$-9.0M
$-14.0M
Q4 24
$-87.4M
Q3 24
$-98.7M
$32.0M
Q2 24
$-97.9M
$253.0M
Q1 24
$-86.3M
$60.0M
Operating Margin
DHC
DHC
SDRL
SDRL
Q4 25
-12.6%
-1.1%
Q3 25
-43.4%
9.3%
Q2 25
-24.5%
2.1%
Q1 25
-2.7%
7.3%
Q4 24
-26.1%
Q3 24
-26.5%
17.9%
Q2 24
-23.0%
Q1 24
-23.7%
29.1%
Net Margin
DHC
DHC
SDRL
SDRL
Q4 25
-5.6%
-3.7%
Q3 25
-42.2%
-3.9%
Q2 25
-23.9%
-14.6%
Q1 25
-2.3%
-5.6%
Q4 24
-23.0%
Q3 24
-26.4%
12.2%
Q2 24
-26.3%
94.8%
Q1 24
-23.3%
21.8%
EPS (diluted)
DHC
DHC
SDRL
SDRL
Q4 25
$-0.09
Q3 25
$-0.68
$-0.17
Q2 25
$-0.38
$-0.68
Q1 25
$-0.04
$-0.23
Q4 24
$-0.37
Q3 24
$-0.41
$0.49
Q2 24
$-0.41
$3.49
Q1 24
$-0.36
$0.81

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$105.4M
$339.0M
Total DebtLower is stronger
$2.4B
$613.0M
Stockholders' EquityBook value
$1.7B
$2.9B
Total Assets
$4.4B
$3.9B
Debt / EquityLower = less leverage
1.47×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
SDRL
SDRL
Q4 25
$105.4M
$339.0M
Q3 25
$201.4M
$402.0M
Q2 25
$141.8M
$393.0M
Q1 25
$302.6M
$404.0M
Q4 24
$144.6M
Q3 24
$256.5M
Q2 24
$265.6M
$835.0M
Q1 24
$207.1M
Total Debt
DHC
DHC
SDRL
SDRL
Q4 25
$2.4B
$613.0M
Q3 25
$612.0M
Q2 25
$612.0M
Q1 25
$611.0M
Q4 24
$3.1B
Q3 24
Q2 24
$609.0M
Q1 24
Stockholders' Equity
DHC
DHC
SDRL
SDRL
Q4 25
$1.7B
$2.9B
Q3 25
$1.7B
$2.9B
Q2 25
$1.9B
$2.9B
Q1 25
$1.9B
$2.9B
Q4 24
$2.0B
Q3 24
$2.0B
$2.9B
Q2 24
$2.1B
$3.1B
Q1 24
$2.2B
$2.9B
Total Assets
DHC
DHC
SDRL
SDRL
Q4 25
$4.4B
$3.9B
Q3 25
$4.7B
$4.1B
Q2 25
$4.8B
$4.1B
Q1 25
$5.0B
$4.1B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.3B
$4.3B
Q1 24
$5.3B
Debt / Equity
DHC
DHC
SDRL
SDRL
Q4 25
1.47×
0.21×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
0.21×
Q4 24
1.56×
Q3 24
Q2 24
0.20×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DHC
DHC
SDRL
SDRL
Operating Cash FlowLast quarter
$-19.6M
$-40.0M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
SDRL
SDRL
Q4 25
$-19.6M
$-40.0M
Q3 25
$-49.3M
$28.0M
Q2 25
$53.0M
$11.0M
Q1 25
$-3.2M
$-27.0M
Q4 24
$112.2M
Q3 24
$21.1M
$-27.0M
Q2 24
$44.3M
$79.0M
Q1 24
$28.6M
$29.0M
Free Cash Flow
DHC
DHC
SDRL
SDRL
Q4 25
$-166.4M
Q3 25
$-89.8M
Q2 25
$18.8M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
Q1 24
$-18.1M
FCF Margin
DHC
DHC
SDRL
SDRL
Q4 25
-43.8%
Q3 25
-23.1%
Q2 25
4.9%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.9%
Capex Intensity
DHC
DHC
SDRL
SDRL
Q4 25
38.7%
Q3 25
10.4%
Q2 25
8.9%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Q1 24
12.6%
Cash Conversion
DHC
DHC
SDRL
SDRL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.84×
Q2 24
0.31×
Q1 24
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

SDRL
SDRL

Segment breakdown not available.

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