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Side-by-side financial comparison of Frontier Communications Parent, Inc. (FYBR) and Transocean Ltd. (RIG). Click either name above to swap in a different company.

Frontier Communications Parent, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.5× Transocean Ltd.). Transocean Ltd. runs the higher net margin — 2.4% vs -5.0%, a 7.4% gap on every dollar of revenue. On growth, Transocean Ltd. posted the faster year-over-year revenue change (9.6% vs 4.2%). Transocean Ltd. produced more free cash flow last quarter ($321.0M vs $-315.0M). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% CAGR vs 4.3%).

Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.

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.

FYBR vs RIG — Head-to-Head

Bigger by revenue
FYBR
FYBR
1.5× larger
FYBR
$1.5B
$1.0B
RIG
Growing faster (revenue YoY)
RIG
RIG
+5.3% gap
RIG
9.6%
4.2%
FYBR
Higher net margin
RIG
RIG
7.4% more per $
RIG
2.4%
-5.0%
FYBR
More free cash flow
RIG
RIG
$636.0M more FCF
RIG
$321.0M
$-315.0M
FYBR
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
4.3%
FYBR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FYBR
FYBR
RIG
RIG
Revenue
$1.5B
$1.0B
Net Profit
$-76.0M
$25.0M
Gross Margin
64.3%
42.0%
Operating Margin
7.6%
23.0%
Net Margin
-5.0%
2.4%
Revenue YoY
4.2%
9.6%
Net Profit YoY
7.3%
257.1%
EPS (diluted)
$-0.30
$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
FYBR
FYBR
RIG
RIG
Q4 25
$1.0B
Q3 25
$1.5B
$1.0B
Q2 25
$1.5B
$988.0M
Q1 25
$1.5B
$906.0M
Q4 24
$1.5B
$952.0M
Q3 24
$1.5B
$948.0M
Q2 24
$1.5B
$861.0M
Q1 24
$1.4B
$763.0M
Net Profit
FYBR
FYBR
RIG
RIG
Q4 25
$25.0M
Q3 25
$-76.0M
$-1.9B
Q2 25
$-123.0M
$-938.0M
Q1 25
$-64.0M
$-79.0M
Q4 24
$-118.0M
$7.0M
Q3 24
$-82.0M
$-494.0M
Q2 24
$-123.0M
$-123.0M
Q1 24
$1.0M
$98.0M
Gross Margin
FYBR
FYBR
RIG
RIG
Q4 25
42.0%
Q3 25
64.3%
43.2%
Q2 25
65.0%
39.4%
Q1 25
65.2%
31.8%
Q4 24
64.2%
39.2%
Q3 24
63.4%
40.6%
Q2 24
64.8%
38.0%
Q1 24
63.9%
31.5%
Operating Margin
FYBR
FYBR
RIG
RIG
Q4 25
23.0%
Q3 25
7.6%
-163.1%
Q2 25
2.9%
-97.6%
Q1 25
5.1%
7.1%
Q4 24
5.8%
13.7%
Q3 24
5.8%
-51.2%
Q2 24
6.2%
-6.9%
Q1 24
6.2%
-0.4%
Net Margin
FYBR
FYBR
RIG
RIG
Q4 25
2.4%
Q3 25
-5.0%
-187.1%
Q2 25
-8.1%
-94.9%
Q1 25
-4.3%
-8.7%
Q4 24
-7.9%
0.7%
Q3 24
-5.6%
-52.1%
Q2 24
-8.4%
-14.3%
Q1 24
0.1%
12.8%
EPS (diluted)
FYBR
FYBR
RIG
RIG
Q4 25
$0.13
Q3 25
$-0.30
$-2.00
Q2 25
$-0.49
$-1.06
Q1 25
$-0.26
$-0.11
Q4 24
$-0.48
$-0.14
Q3 24
$-0.33
$-0.58
Q2 24
$-0.49
$-0.15
Q1 24
$0.00
$0.11

Balance Sheet & Financial Strength

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

Metric
FYBR
FYBR
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$336.0M
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$4.7B
$8.1B
Total Assets
$21.6B
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FYBR
FYBR
RIG
RIG
Q4 25
$620.0M
Q3 25
$336.0M
$833.0M
Q2 25
$412.0M
$377.0M
Q1 25
$506.0M
$263.0M
Q4 24
$750.0M
$560.0M
Q3 24
$1.3B
$435.0M
Q2 24
$1.2B
$475.0M
Q1 24
$1.5B
$446.0M
Total Debt
FYBR
FYBR
RIG
RIG
Q4 25
$5.2B
Q3 25
$4.8B
Q2 25
$5.9B
Q1 25
$5.9B
Q4 24
$6.2B
Q3 24
$6.5B
Q2 24
$6.8B
Q1 24
$6.8B
Stockholders' Equity
FYBR
FYBR
RIG
RIG
Q4 25
$8.1B
Q3 25
$4.7B
$8.1B
Q2 25
$4.8B
$9.4B
Q1 25
$4.9B
$10.2B
Q4 24
$4.9B
$10.3B
Q3 24
$5.1B
$10.2B
Q2 24
$5.1B
$10.7B
Q1 24
$5.3B
$10.5B
Total Assets
FYBR
FYBR
RIG
RIG
Q4 25
$15.6B
Q3 25
$21.6B
$16.2B
Q2 25
$21.3B
$17.8B
Q1 25
$20.9B
$19.0B
Q4 24
$20.6B
$19.4B
Q3 24
$20.9B
$19.5B
Q2 24
$20.2B
$20.3B
Q1 24
$20.2B
$19.9B
Debt / Equity
FYBR
FYBR
RIG
RIG
Q4 25
0.64×
Q3 25
0.60×
Q2 25
0.63×
Q1 25
0.58×
Q4 24
0.60×
Q3 24
0.64×
Q2 24
0.63×
Q1 24
0.65×

Cash Flow & Capital Efficiency

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

Metric
FYBR
FYBR
RIG
RIG
Operating Cash FlowLast quarter
$504.0M
$349.0M
Free Cash FlowOCF − Capex
$-315.0M
$321.0M
FCF MarginFCF / Revenue
-20.5%
30.8%
Capex IntensityCapex / Revenue
53.4%
2.7%
Cash ConversionOCF / Net Profit
13.96×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FYBR
FYBR
RIG
RIG
Q4 25
$349.0M
Q3 25
$504.0M
$246.0M
Q2 25
$477.0M
$128.0M
Q1 25
$519.0M
$26.0M
Q4 24
$294.0M
$206.0M
Q3 24
$618.0M
$194.0M
Q2 24
$374.0M
$133.0M
Q1 24
$335.0M
$-86.0M
Free Cash Flow
FYBR
FYBR
RIG
RIG
Q4 25
$321.0M
Q3 25
$-315.0M
$235.0M
Q2 25
$-368.0M
$104.0M
Q1 25
$-238.0M
$-34.0M
Q4 24
$-498.0M
$177.0M
Q3 24
$-81.0M
$136.0M
Q2 24
$-252.0M
$49.0M
Q1 24
$-331.0M
$-169.0M
FCF Margin
FYBR
FYBR
RIG
RIG
Q4 25
30.8%
Q3 25
-20.5%
22.9%
Q2 25
-24.2%
10.5%
Q1 25
-15.9%
-3.8%
Q4 24
-33.4%
18.6%
Q3 24
-5.5%
14.3%
Q2 24
-17.2%
5.7%
Q1 24
-22.9%
-22.1%
Capex Intensity
FYBR
FYBR
RIG
RIG
Q4 25
2.7%
Q3 25
53.4%
1.1%
Q2 25
55.5%
2.4%
Q1 25
50.6%
6.6%
Q4 24
53.2%
3.0%
Q3 24
47.5%
6.1%
Q2 24
42.7%
9.8%
Q1 24
46.1%
10.9%
Cash Conversion
FYBR
FYBR
RIG
RIG
Q4 25
13.96×
Q3 25
Q2 25
Q1 25
Q4 24
29.43×
Q3 24
Q2 24
Q1 24
335.00×
-0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FYBR
FYBR

Consumer$826.0M54%
Business And Wholesale$707.0M46%

RIG
RIG

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

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