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Side-by-side financial comparison of Pacira BioSciences, Inc. (PCRX) and Seadrill Ltd (SDRL). Click either name above to swap in a different company.

Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $177.4M, roughly 1.5× Pacira BioSciences, Inc.). Pacira BioSciences, Inc. runs the higher net margin — 1.6% vs -3.7%, a 5.3% gap on every dollar of revenue. Over the past eight quarters, Pacira BioSciences, Inc.'s revenue compounded faster (-0.2% CAGR vs -8.9%).

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

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.

PCRX vs SDRL — Head-to-Head

Bigger by revenue
SDRL
SDRL
1.5× larger
SDRL
$273.0M
$177.4M
PCRX
Higher net margin
PCRX
PCRX
5.3% more per $
PCRX
1.6%
-3.7%
SDRL
Faster 2-yr revenue CAGR
PCRX
PCRX
Annualised
PCRX
-0.2%
-8.9%
SDRL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PCRX
PCRX
SDRL
SDRL
Revenue
$177.4M
$273.0M
Net Profit
$2.9M
$-10.0M
Gross Margin
Operating Margin
3.9%
-1.1%
Net Margin
1.6%
-3.7%
Revenue YoY
5.0%
Net Profit YoY
EPS (diluted)
$0.07

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
PCRX
PCRX
SDRL
SDRL
Q1 26
$177.4M
Q4 25
$196.9M
$273.0M
Q3 25
$179.5M
$280.0M
Q2 25
$181.1M
$288.0M
Q1 25
$168.9M
$248.0M
Q4 24
$187.3M
Q3 24
$168.6M
$263.0M
Q2 24
$178.0M
$267.0M
Net Profit
PCRX
PCRX
SDRL
SDRL
Q1 26
$2.9M
Q4 25
$-10.0M
Q3 25
$5.4M
$-11.0M
Q2 25
$-4.8M
$-42.0M
Q1 25
$4.8M
$-14.0M
Q4 24
Q3 24
$-143.5M
$32.0M
Q2 24
$18.9M
$253.0M
Gross Margin
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
79.5%
Q3 25
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
78.7%
Q3 24
76.9%
Q2 24
75.1%
Operating Margin
PCRX
PCRX
SDRL
SDRL
Q1 26
3.9%
Q4 25
1.2%
-1.1%
Q3 25
3.5%
9.3%
Q2 25
4.7%
2.1%
Q1 25
1.2%
7.3%
Q4 24
13.2%
Q3 24
-82.8%
17.9%
Q2 24
15.9%
Net Margin
PCRX
PCRX
SDRL
SDRL
Q1 26
1.6%
Q4 25
-3.7%
Q3 25
3.0%
-3.9%
Q2 25
-2.7%
-14.6%
Q1 25
2.8%
-5.6%
Q4 24
Q3 24
-85.1%
12.2%
Q2 24
10.6%
94.8%
EPS (diluted)
PCRX
PCRX
SDRL
SDRL
Q1 26
$0.07
Q4 25
$0.05
Q3 25
$0.12
$-0.17
Q2 25
$-0.11
$-0.68
Q1 25
$0.10
$-0.23
Q4 24
$0.38
Q3 24
$-3.11
$0.49
Q2 24
$0.39
$3.49

Balance Sheet & Financial Strength

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

Metric
PCRX
PCRX
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$144.3M
$339.0M
Total DebtLower is stronger
$613.0M
Stockholders' EquityBook value
$653.9M
$2.9B
Total Assets
$1.2B
$3.9B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCRX
PCRX
SDRL
SDRL
Q1 26
$144.3M
Q4 25
$238.4M
$339.0M
Q3 25
$246.3M
$402.0M
Q2 25
$445.9M
$393.0M
Q1 25
$493.6M
$404.0M
Q4 24
$484.6M
Q3 24
$453.8M
Q2 24
$404.2M
$835.0M
Total Debt
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
$372.2M
$613.0M
Q3 25
$376.7M
$612.0M
Q2 25
$580.5M
$612.0M
Q1 25
$583.4M
$611.0M
Q4 24
$585.3M
Q3 24
Q2 24
$609.0M
Stockholders' Equity
PCRX
PCRX
SDRL
SDRL
Q1 26
$653.9M
Q4 25
$693.1M
$2.9B
Q3 25
$727.2M
$2.9B
Q2 25
$757.8M
$2.9B
Q1 25
$798.5M
$2.9B
Q4 24
$778.3M
Q3 24
$749.6M
$2.9B
Q2 24
$879.3M
$3.1B
Total Assets
PCRX
PCRX
SDRL
SDRL
Q1 26
$1.2B
Q4 25
$1.3B
$3.9B
Q3 25
$1.3B
$4.1B
Q2 25
$1.5B
$4.1B
Q1 25
$1.6B
$4.1B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.6B
$4.3B
Debt / Equity
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
0.54×
0.21×
Q3 25
0.52×
0.21×
Q2 25
0.77×
0.21×
Q1 25
0.73×
0.21×
Q4 24
0.75×
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
PCRX
PCRX
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
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
$43.7M
$-40.0M
Q3 25
$60.8M
$28.0M
Q2 25
$12.0M
$11.0M
Q1 25
$35.5M
$-27.0M
Q4 24
$33.1M
Q3 24
$53.9M
$-27.0M
Q2 24
$53.2M
$79.0M
Free Cash Flow
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
$43.5M
Q3 25
$57.0M
Q2 25
$9.3M
Q1 25
$26.9M
Q4 24
$31.0M
Q3 24
$49.8M
Q2 24
$51.6M
FCF Margin
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
22.1%
Q3 25
31.7%
Q2 25
5.1%
Q1 25
15.9%
Q4 24
16.6%
Q3 24
29.6%
Q2 24
29.0%
Capex Intensity
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
0.1%
Q3 25
2.2%
Q2 25
1.5%
Q1 25
5.1%
Q4 24
1.1%
Q3 24
2.4%
Q2 24
0.9%
Cash Conversion
PCRX
PCRX
SDRL
SDRL
Q1 26
Q4 25
Q3 25
11.20×
Q2 25
Q1 25
7.37×
Q4 24
Q3 24
-0.84×
Q2 24
2.82×
0.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

SDRL
SDRL

Segment breakdown not available.

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