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Side-by-side financial comparison of REV Group, Inc. (REVG) 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 $664.4M, roughly 1.6× REV Group, Inc.). REV Group, Inc. runs the higher net margin — 4.3% vs 2.4%, a 2.0% gap on every dollar of revenue. On growth, REV Group, Inc. posted the faster year-over-year revenue change (11.1% vs 9.6%). Transocean Ltd. produced more free cash flow last quarter ($321.0M vs $53.7M). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% CAGR vs 6.5%).

Rev is an American speech-to-text company that provides closed captioning, subtitles, and transcription services. The company, based in San Francisco and Austin, was founded in 2010. PC Magazine named the service an "Editor's Choice" in 2018, and ranked it as the best transcription service of 2019.

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.

REVG vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.6× larger
RIG
$1.0B
$664.4M
REVG
Growing faster (revenue YoY)
REVG
REVG
+1.6% gap
REVG
11.1%
9.6%
RIG
Higher net margin
REVG
REVG
2.0% more per $
REVG
4.3%
2.4%
RIG
More free cash flow
RIG
RIG
$267.3M more FCF
RIG
$321.0M
$53.7M
REVG
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
6.5%
REVG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REVG
REVG
RIG
RIG
Revenue
$664.4M
$1.0B
Net Profit
$28.9M
$25.0M
Gross Margin
15.4%
42.0%
Operating Margin
7.1%
23.0%
Net Margin
4.3%
2.4%
Revenue YoY
11.1%
9.6%
Net Profit YoY
-30.7%
257.1%
EPS (diluted)
$0.57
$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
REVG
REVG
RIG
RIG
Q4 25
$664.4M
$1.0B
Q3 25
$644.9M
$1.0B
Q2 25
$629.1M
$988.0M
Q1 25
$525.1M
$906.0M
Q4 24
$597.9M
$952.0M
Q3 24
$579.4M
$948.0M
Q2 24
$616.9M
$861.0M
Q1 24
$586.0M
$763.0M
Net Profit
REVG
REVG
RIG
RIG
Q4 25
$28.9M
$25.0M
Q3 25
$29.1M
$-1.9B
Q2 25
$19.0M
$-938.0M
Q1 25
$18.2M
$-79.0M
Q4 24
$41.7M
$7.0M
Q3 24
$18.0M
$-494.0M
Q2 24
$15.2M
$-123.0M
Q1 24
$182.7M
$98.0M
Gross Margin
REVG
REVG
RIG
RIG
Q4 25
15.4%
42.0%
Q3 25
15.8%
43.2%
Q2 25
15.2%
39.4%
Q1 25
13.3%
31.8%
Q4 24
13.2%
39.2%
Q3 24
13.5%
40.6%
Q2 24
12.5%
38.0%
Q1 24
10.7%
31.5%
Operating Margin
REVG
REVG
RIG
RIG
Q4 25
7.1%
23.0%
Q3 25
8.8%
-163.1%
Q2 25
7.9%
-97.6%
Q1 25
5.3%
7.1%
Q4 24
5.8%
13.7%
Q3 24
4.9%
-51.2%
Q2 24
3.7%
-6.9%
Q1 24
-1.1%
-0.4%
Net Margin
REVG
REVG
RIG
RIG
Q4 25
4.3%
2.4%
Q3 25
4.5%
-187.1%
Q2 25
3.0%
-94.9%
Q1 25
3.5%
-8.7%
Q4 24
7.0%
0.7%
Q3 24
3.1%
-52.1%
Q2 24
2.5%
-14.3%
Q1 24
31.2%
12.8%
EPS (diluted)
REVG
REVG
RIG
RIG
Q4 25
$0.57
$0.13
Q3 25
$0.59
$-2.00
Q2 25
$0.38
$-1.06
Q1 25
$0.35
$-0.11
Q4 24
$1.03
$-0.14
Q3 24
$0.35
$-0.58
Q2 24
$0.28
$-0.15
Q1 24
$3.06
$0.11

Balance Sheet & Financial Strength

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

Metric
REVG
REVG
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$34.7M
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$416.3M
$8.1B
Total Assets
$1.2B
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REVG
REVG
RIG
RIG
Q4 25
$34.7M
$620.0M
Q3 25
$36.0M
$833.0M
Q2 25
$28.8M
$377.0M
Q1 25
$31.6M
$263.0M
Q4 24
$24.6M
$560.0M
Q3 24
$50.5M
$435.0M
Q2 24
$38.2M
$475.0M
Q1 24
$87.9M
$446.0M
Total Debt
REVG
REVG
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
REVG
REVG
RIG
RIG
Q4 25
$416.3M
$8.1B
Q3 25
$387.3M
$8.1B
Q2 25
$357.8M
$9.4B
Q1 25
$428.8M
$10.2B
Q4 24
$435.1M
$10.3B
Q3 24
$394.6M
$10.2B
Q2 24
$379.7M
$10.7B
Q1 24
$496.1M
$10.5B
Total Assets
REVG
REVG
RIG
RIG
Q4 25
$1.2B
$15.6B
Q3 25
$1.2B
$16.2B
Q2 25
$1.2B
$17.8B
Q1 25
$1.2B
$19.0B
Q4 24
$1.2B
$19.4B
Q3 24
$1.3B
$19.5B
Q2 24
$1.3B
$20.3B
Q1 24
$1.4B
$19.9B
Debt / Equity
REVG
REVG
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
REVG
REVG
RIG
RIG
Operating Cash FlowLast quarter
$76.9M
$349.0M
Free Cash FlowOCF − Capex
$53.7M
$321.0M
FCF MarginFCF / Revenue
8.1%
30.8%
Capex IntensityCapex / Revenue
3.5%
2.7%
Cash ConversionOCF / Net Profit
2.66×
13.96×
TTM Free Cash FlowTrailing 4 quarters
$190.0M
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REVG
REVG
RIG
RIG
Q4 25
$76.9M
$349.0M
Q3 25
$60.3M
$246.0M
Q2 25
$117.0M
$128.0M
Q1 25
$-13.1M
$26.0M
Q4 24
$68.6M
$206.0M
Q3 24
$14.4M
$194.0M
Q2 24
$40.1M
$133.0M
Q1 24
$-69.7M
$-86.0M
Free Cash Flow
REVG
REVG
RIG
RIG
Q4 25
$53.7M
$321.0M
Q3 25
$48.7M
$235.0M
Q2 25
$105.6M
$104.0M
Q1 25
$-18.0M
$-34.0M
Q4 24
$63.3M
$177.0M
Q3 24
$8.5M
$136.0M
Q2 24
$34.2M
$49.0M
Q1 24
$-80.2M
$-169.0M
FCF Margin
REVG
REVG
RIG
RIG
Q4 25
8.1%
30.8%
Q3 25
7.6%
22.9%
Q2 25
16.8%
10.5%
Q1 25
-3.4%
-3.8%
Q4 24
10.6%
18.6%
Q3 24
1.5%
14.3%
Q2 24
5.5%
5.7%
Q1 24
-13.7%
-22.1%
Capex Intensity
REVG
REVG
RIG
RIG
Q4 25
3.5%
2.7%
Q3 25
1.8%
1.1%
Q2 25
1.8%
2.4%
Q1 25
0.9%
6.6%
Q4 24
0.9%
3.0%
Q3 24
1.0%
6.1%
Q2 24
1.0%
9.8%
Q1 24
1.8%
10.9%
Cash Conversion
REVG
REVG
RIG
RIG
Q4 25
2.66×
13.96×
Q3 25
2.07×
Q2 25
6.16×
Q1 25
-0.72×
Q4 24
1.65×
29.43×
Q3 24
0.80×
Q2 24
2.64×
Q1 24
-0.38×
-0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REVG
REVG

Specialty Vehicles$507.4M76%
Recreational Vehicles$157.2M24%

RIG
RIG

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

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