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Side-by-side financial comparison of Match Group (MTCH) 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 $878.0M, roughly 1.2× Match Group). Match Group runs the higher net margin — 23.9% vs 2.4%, a 21.5% gap on every dollar of revenue. On growth, Transocean Ltd. posted the faster year-over-year revenue change (9.6% vs 2.1%). Transocean Ltd. produced more free cash flow last quarter ($321.0M vs $308.1M). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% CAGR vs 1.1%).

Match Group, Inc. is an American internet and technology company headquartered in Dallas, Texas. It owns and operates the largest global portfolio of popular online dating services including Tinder, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, Azar, and other dating global brands. The company was owned by IAC until July 2020 when Match Group was spun off as a separate, public company. As of 2019, the company had 9.3 million subscribers, of which 4.6 million were in North America. Japan ...

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.

MTCH vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.2× larger
RIG
$1.0B
$878.0M
MTCH
Growing faster (revenue YoY)
RIG
RIG
+7.5% gap
RIG
9.6%
2.1%
MTCH
Higher net margin
MTCH
MTCH
21.5% more per $
MTCH
23.9%
2.4%
RIG
More free cash flow
RIG
RIG
$12.9M more FCF
RIG
$321.0M
$308.1M
MTCH
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
1.1%
MTCH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MTCH
MTCH
RIG
RIG
Revenue
$878.0M
$1.0B
Net Profit
$209.7M
$25.0M
Gross Margin
74.7%
42.0%
Operating Margin
32.4%
23.0%
Net Margin
23.9%
2.4%
Revenue YoY
2.1%
9.6%
Net Profit YoY
32.5%
257.1%
EPS (diluted)
$0.83
$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
MTCH
MTCH
RIG
RIG
Q4 25
$878.0M
$1.0B
Q3 25
$914.3M
$1.0B
Q2 25
$863.7M
$988.0M
Q1 25
$831.2M
$906.0M
Q4 24
$860.2M
$952.0M
Q3 24
$895.5M
$948.0M
Q2 24
$864.1M
$861.0M
Q1 24
$859.6M
$763.0M
Net Profit
MTCH
MTCH
RIG
RIG
Q4 25
$209.7M
$25.0M
Q3 25
$160.8M
$-1.9B
Q2 25
$125.5M
$-938.0M
Q1 25
$117.6M
$-79.0M
Q4 24
$158.3M
$7.0M
Q3 24
$136.5M
$-494.0M
Q2 24
$133.3M
$-123.0M
Q1 24
$123.2M
$98.0M
Gross Margin
MTCH
MTCH
RIG
RIG
Q4 25
74.7%
42.0%
Q3 25
73.0%
43.2%
Q2 25
72.0%
39.4%
Q1 25
71.5%
31.8%
Q4 24
72.5%
39.2%
Q3 24
71.7%
40.6%
Q2 24
71.6%
38.0%
Q1 24
70.1%
31.5%
Operating Margin
MTCH
MTCH
RIG
RIG
Q4 25
32.4%
23.0%
Q3 25
24.2%
-163.1%
Q2 25
22.5%
-97.6%
Q1 25
20.8%
7.1%
Q4 24
26.0%
13.7%
Q3 24
23.5%
-51.2%
Q2 24
23.7%
-6.9%
Q1 24
21.5%
-0.4%
Net Margin
MTCH
MTCH
RIG
RIG
Q4 25
23.9%
2.4%
Q3 25
17.6%
-187.1%
Q2 25
14.5%
-94.9%
Q1 25
14.1%
-8.7%
Q4 24
18.4%
0.7%
Q3 24
15.2%
-52.1%
Q2 24
15.4%
-14.3%
Q1 24
14.3%
12.8%
EPS (diluted)
MTCH
MTCH
RIG
RIG
Q4 25
$0.83
$0.13
Q3 25
$0.62
$-2.00
Q2 25
$0.49
$-1.06
Q1 25
$0.44
$-0.11
Q4 24
$0.59
$-0.14
Q3 24
$0.51
$-0.58
Q2 24
$0.48
$-0.15
Q1 24
$0.44
$0.11

Balance Sheet & Financial Strength

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

Metric
MTCH
MTCH
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$1.0B
$620.0M
Total DebtLower is stronger
$3.5B
$5.2B
Stockholders' EquityBook value
$-253.5M
$8.1B
Total Assets
$4.5B
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTCH
MTCH
RIG
RIG
Q4 25
$1.0B
$620.0M
Q3 25
$1.1B
$833.0M
Q2 25
$340.4M
$377.0M
Q1 25
$414.2M
$263.0M
Q4 24
$970.7M
$560.0M
Q3 24
$860.9M
$435.0M
Q2 24
$843.6M
$475.0M
Q1 24
$920.9M
$446.0M
Total Debt
MTCH
MTCH
RIG
RIG
Q4 25
$3.5B
$5.2B
Q3 25
$4.8B
Q2 25
$5.9B
Q1 25
$3.4B
$5.9B
Q4 24
$3.8B
$6.2B
Q3 24
$3.8B
$6.5B
Q2 24
$3.8B
$6.8B
Q1 24
$3.8B
$6.8B
Stockholders' Equity
MTCH
MTCH
RIG
RIG
Q4 25
$-253.5M
$8.1B
Q3 25
$-223.9M
$8.1B
Q2 25
$-230.9M
$9.4B
Q1 25
$-182.7M
$10.2B
Q4 24
$-63.7M
$10.3B
Q3 24
$-88.5M
$10.2B
Q2 24
$-130.2M
$10.7B
Q1 24
$-107.8M
$10.5B
Total Assets
MTCH
MTCH
RIG
RIG
Q4 25
$4.5B
$15.6B
Q3 25
$4.5B
$16.2B
Q2 25
$3.9B
$17.8B
Q1 25
$3.9B
$19.0B
Q4 24
$4.5B
$19.4B
Q3 24
$4.4B
$19.5B
Q2 24
$4.4B
$20.3B
Q1 24
$4.4B
$19.9B
Debt / Equity
MTCH
MTCH
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
MTCH
MTCH
RIG
RIG
Operating Cash FlowLast quarter
$322.8M
$349.0M
Free Cash FlowOCF − Capex
$308.1M
$321.0M
FCF MarginFCF / Revenue
35.1%
30.8%
Capex IntensityCapex / Revenue
1.7%
2.7%
Cash ConversionOCF / Net Profit
1.54×
13.96×
TTM Free Cash FlowTrailing 4 quarters
$1.0B
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTCH
MTCH
RIG
RIG
Q4 25
$322.8M
$349.0M
Q3 25
$320.6M
$246.0M
Q2 25
$243.8M
$128.0M
Q1 25
$193.1M
$26.0M
Q4 24
$254.7M
$206.0M
Q3 24
$264.9M
$194.0M
Q2 24
$129.0M
$133.0M
Q1 24
$284.1M
$-86.0M
Free Cash Flow
MTCH
MTCH
RIG
RIG
Q4 25
$308.1M
$321.0M
Q3 25
$306.8M
$235.0M
Q2 25
$231.0M
$104.0M
Q1 25
$177.7M
$-34.0M
Q4 24
$247.1M
$177.0M
Q3 24
$251.8M
$136.0M
Q2 24
$116.3M
$49.0M
Q1 24
$266.9M
$-169.0M
FCF Margin
MTCH
MTCH
RIG
RIG
Q4 25
35.1%
30.8%
Q3 25
33.6%
22.9%
Q2 25
26.7%
10.5%
Q1 25
21.4%
-3.8%
Q4 24
28.7%
18.6%
Q3 24
28.1%
14.3%
Q2 24
13.5%
5.7%
Q1 24
31.0%
-22.1%
Capex Intensity
MTCH
MTCH
RIG
RIG
Q4 25
1.7%
2.7%
Q3 25
1.5%
1.1%
Q2 25
1.5%
2.4%
Q1 25
1.9%
6.6%
Q4 24
0.9%
3.0%
Q3 24
1.5%
6.1%
Q2 24
1.5%
9.8%
Q1 24
2.0%
10.9%
Cash Conversion
MTCH
MTCH
RIG
RIG
Q4 25
1.54×
13.96×
Q3 25
1.99×
Q2 25
1.94×
Q1 25
1.64×
Q4 24
1.61×
29.43×
Q3 24
1.94×
Q2 24
0.97×
Q1 24
2.31×
-0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTCH
MTCH

Tinder Segment$479.3M55%
Hinge Segment$186.5M21%
Evergreen And Emerging Segment$148.1M17%
MG Asia Segment$65.8M7%

RIG
RIG

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

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