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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and Seadrill Ltd (SDRL). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $273.0M, roughly 1.2× Seadrill Ltd). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -3.7%, a 31.9% gap on every dollar of revenue. Over the past eight quarters, FULTON FINANCIAL CORP's revenue compounded faster (0.2% CAGR vs -8.9%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

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.

FULT vs SDRL — Head-to-Head

Bigger by revenue
FULT
FULT
1.2× larger
FULT
$336.2M
$273.0M
SDRL
Higher net margin
FULT
FULT
31.9% more per $
FULT
28.2%
-3.7%
SDRL
Faster 2-yr revenue CAGR
FULT
FULT
Annualised
FULT
0.2%
-8.9%
SDRL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
SDRL
SDRL
Revenue
$336.2M
$273.0M
Net Profit
$94.8M
$-10.0M
Gross Margin
Operating Margin
-1.1%
Net Margin
28.2%
-3.7%
Revenue YoY
4.2%
Net Profit YoY
1.9%
EPS (diluted)
$0.55

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
FULT
FULT
SDRL
SDRL
Q1 26
$336.2M
Q4 25
$336.0M
$273.0M
Q3 25
$334.6M
$280.0M
Q2 25
$324.1M
$288.0M
Q1 25
$318.4M
$248.0M
Q4 24
$319.6M
Q3 24
$317.7M
$263.0M
Q2 24
$334.7M
$267.0M
Net Profit
FULT
FULT
SDRL
SDRL
Q1 26
$94.8M
Q4 25
$99.0M
$-10.0M
Q3 25
$100.5M
$-11.0M
Q2 25
$99.2M
$-42.0M
Q1 25
$93.0M
$-14.0M
Q4 24
$68.6M
Q3 24
$63.2M
$32.0M
Q2 24
$95.0M
$253.0M
Operating Margin
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
35.7%
-1.1%
Q3 25
38.2%
9.3%
Q2 25
37.8%
2.1%
Q1 25
36.1%
7.3%
Q4 24
27.0%
Q3 24
25.1%
17.9%
Q2 24
30.8%
Net Margin
FULT
FULT
SDRL
SDRL
Q1 26
28.2%
Q4 25
29.5%
-3.7%
Q3 25
30.0%
-3.9%
Q2 25
30.6%
-14.6%
Q1 25
29.2%
-5.6%
Q4 24
21.5%
Q3 24
19.9%
12.2%
Q2 24
28.4%
94.8%
EPS (diluted)
FULT
FULT
SDRL
SDRL
Q1 26
$0.55
Q4 25
$0.53
Q3 25
$0.53
$-0.17
Q2 25
$0.53
$-0.68
Q1 25
$0.49
$-0.23
Q4 24
$0.36
Q3 24
$0.33
$0.49
Q2 24
$0.52
$3.49

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$339.0M
Total DebtLower is stronger
$613.0M
Stockholders' EquityBook value
$3.5B
$2.9B
Total Assets
$32.2B
$3.9B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
$339.0M
Q3 25
$402.0M
Q2 25
$393.0M
Q1 25
$404.0M
Q4 24
Q3 24
Q2 24
$835.0M
Total Debt
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
$613.0M
Q3 25
$612.0M
Q2 25
$612.0M
Q1 25
$611.0M
Q4 24
Q3 24
Q2 24
$609.0M
Stockholders' Equity
FULT
FULT
SDRL
SDRL
Q1 26
$3.5B
Q4 25
$3.5B
$2.9B
Q3 25
$3.4B
$2.9B
Q2 25
$3.3B
$2.9B
Q1 25
$3.3B
$2.9B
Q4 24
$3.2B
Q3 24
$3.2B
$2.9B
Q2 24
$3.1B
$3.1B
Total Assets
FULT
FULT
SDRL
SDRL
Q1 26
$32.2B
Q4 25
$32.1B
$3.9B
Q3 25
$32.0B
$4.1B
Q2 25
$32.0B
$4.1B
Q1 25
$32.1B
$4.1B
Q4 24
$32.1B
Q3 24
$32.2B
Q2 24
$31.8B
$4.3B
Debt / Equity
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
FULT
FULT
SDRL
SDRL
Operating Cash FlowLast quarter
$-40.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
$304.5M
$-40.0M
Q3 25
$116.1M
$28.0M
Q2 25
$91.7M
$11.0M
Q1 25
$703.0K
$-27.0M
Q4 24
$416.6M
Q3 24
$-22.0M
$-27.0M
Q2 24
$157.8M
$79.0M
Cash Conversion
FULT
FULT
SDRL
SDRL
Q1 26
Q4 25
3.08×
Q3 25
1.16×
Q2 25
0.92×
Q1 25
0.01×
Q4 24
6.07×
Q3 24
-0.35×
-0.84×
Q2 24
1.66×
0.31×

Financial Flow Comparison

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

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