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Side-by-side financial comparison of Transocean Ltd. (RIG) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $622.0M, roughly 1.7× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs 2.4%, a 32.0% gap on every dollar of revenue. On growth, Transocean Ltd. posted the faster year-over-year revenue change (9.6% vs 4.8%). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% CAGR vs 4.6%).

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.

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

RIG vs RPRX — Head-to-Head

Bigger by revenue
RIG
RIG
1.7× larger
RIG
$1.0B
$622.0M
RPRX
Growing faster (revenue YoY)
RIG
RIG
+4.8% gap
RIG
9.6%
4.8%
RPRX
Higher net margin
RPRX
RPRX
32.0% more per $
RPRX
34.4%
2.4%
RIG
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
4.6%
RPRX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RIG
RIG
RPRX
RPRX
Revenue
$1.0B
$622.0M
Net Profit
$25.0M
$214.2M
Gross Margin
42.0%
Operating Margin
23.0%
62.4%
Net Margin
2.4%
34.4%
Revenue YoY
9.6%
4.8%
Net Profit YoY
257.1%
2.9%
EPS (diluted)
$0.13
$0.49

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
RIG
RIG
RPRX
RPRX
Q4 25
$1.0B
$622.0M
Q3 25
$1.0B
$609.3M
Q2 25
$988.0M
$578.7M
Q1 25
$906.0M
$568.2M
Q4 24
$952.0M
$593.6M
Q3 24
$948.0M
$564.7M
Q2 24
$861.0M
$537.3M
Q1 24
$763.0M
$568.0M
Net Profit
RIG
RIG
RPRX
RPRX
Q4 25
$25.0M
$214.2M
Q3 25
$-1.9B
$288.2M
Q2 25
$-938.0M
$30.2M
Q1 25
$-79.0M
$238.3M
Q4 24
$7.0M
$208.2M
Q3 24
$-494.0M
$544.0M
Q2 24
$-123.0M
$102.0M
Q1 24
$98.0M
$4.8M
Gross Margin
RIG
RIG
RPRX
RPRX
Q4 25
42.0%
Q3 25
43.2%
Q2 25
39.4%
Q1 25
31.8%
Q4 24
39.2%
Q3 24
40.6%
Q2 24
38.0%
Q1 24
31.5%
Operating Margin
RIG
RIG
RPRX
RPRX
Q4 25
23.0%
62.4%
Q3 25
-163.1%
70.1%
Q2 25
-97.6%
36.3%
Q1 25
7.1%
94.0%
Q4 24
13.7%
60.9%
Q3 24
-51.2%
Q2 24
-6.9%
50.2%
Q1 24
-0.4%
-13.0%
Net Margin
RIG
RIG
RPRX
RPRX
Q4 25
2.4%
34.4%
Q3 25
-187.1%
47.3%
Q2 25
-94.9%
5.2%
Q1 25
-8.7%
41.9%
Q4 24
0.7%
35.1%
Q3 24
-52.1%
96.3%
Q2 24
-14.3%
19.0%
Q1 24
12.8%
0.8%
EPS (diluted)
RIG
RIG
RPRX
RPRX
Q4 25
$0.13
$0.49
Q3 25
$-2.00
$0.67
Q2 25
$-1.06
$0.07
Q1 25
$-0.11
$0.55
Q4 24
$-0.14
$0.46
Q3 24
$-0.58
$1.21
Q2 24
$-0.15
$0.23
Q1 24
$0.11
$0.01

Balance Sheet & Financial Strength

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

Metric
RIG
RIG
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$620.0M
$618.7M
Total DebtLower is stronger
$5.2B
$9.0B
Stockholders' EquityBook value
$8.1B
$9.7B
Total Assets
$15.6B
$19.6B
Debt / EquityLower = less leverage
0.64×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RIG
RIG
RPRX
RPRX
Q4 25
$620.0M
$618.7M
Q3 25
$833.0M
$938.9M
Q2 25
$377.0M
$631.9M
Q1 25
$263.0M
$1.1B
Q4 24
$560.0M
$929.0M
Q3 24
$435.0M
$950.1M
Q2 24
$475.0M
$1.8B
Q1 24
$446.0M
$843.0M
Total Debt
RIG
RIG
RPRX
RPRX
Q4 25
$5.2B
$9.0B
Q3 25
$4.8B
$8.9B
Q2 25
$5.9B
$8.0B
Q1 25
$5.9B
$7.6B
Q4 24
$6.2B
$7.6B
Q3 24
$6.5B
$7.6B
Q2 24
$6.8B
$7.6B
Q1 24
$6.8B
$6.1B
Stockholders' Equity
RIG
RIG
RPRX
RPRX
Q4 25
$8.1B
$9.7B
Q3 25
$8.1B
$9.6B
Q2 25
$9.4B
$9.5B
Q1 25
$10.2B
$9.8B
Q4 24
$10.3B
$10.3B
Q3 24
$10.2B
$10.3B
Q2 24
$10.7B
$9.8B
Q1 24
$10.5B
$9.9B
Total Assets
RIG
RIG
RPRX
RPRX
Q4 25
$15.6B
$19.6B
Q3 25
$16.2B
$19.3B
Q2 25
$17.8B
$18.3B
Q1 25
$19.0B
$17.6B
Q4 24
$19.4B
$18.2B
Q3 24
$19.5B
$18.0B
Q2 24
$20.3B
$17.7B
Q1 24
$19.9B
$16.1B
Debt / Equity
RIG
RIG
RPRX
RPRX
Q4 25
0.64×
0.92×
Q3 25
0.60×
0.93×
Q2 25
0.63×
0.84×
Q1 25
0.58×
0.78×
Q4 24
0.60×
0.74×
Q3 24
0.64×
0.74×
Q2 24
0.63×
0.78×
Q1 24
0.65×
0.62×

Cash Flow & Capital Efficiency

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

Metric
RIG
RIG
RPRX
RPRX
Operating Cash FlowLast quarter
$349.0M
$827.1M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
13.96×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RIG
RIG
RPRX
RPRX
Q4 25
$349.0M
$827.1M
Q3 25
$246.0M
$702.6M
Q2 25
$128.0M
$364.0M
Q1 25
$26.0M
$596.1M
Q4 24
$206.0M
$742.5M
Q3 24
$194.0M
$703.6M
Q2 24
$133.0M
$658.2M
Q1 24
$-86.0M
$664.6M
Free Cash Flow
RIG
RIG
RPRX
RPRX
Q4 25
$321.0M
Q3 25
$235.0M
Q2 25
$104.0M
Q1 25
$-34.0M
Q4 24
$177.0M
Q3 24
$136.0M
Q2 24
$49.0M
Q1 24
$-169.0M
FCF Margin
RIG
RIG
RPRX
RPRX
Q4 25
30.8%
Q3 25
22.9%
Q2 25
10.5%
Q1 25
-3.8%
Q4 24
18.6%
Q3 24
14.3%
Q2 24
5.7%
Q1 24
-22.1%
Capex Intensity
RIG
RIG
RPRX
RPRX
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
6.6%
Q4 24
3.0%
Q3 24
6.1%
Q2 24
9.8%
Q1 24
10.9%
Cash Conversion
RIG
RIG
RPRX
RPRX
Q4 25
13.96×
3.86×
Q3 25
2.44×
Q2 25
12.06×
Q1 25
2.50×
Q4 24
29.43×
3.57×
Q3 24
1.29×
Q2 24
6.45×
Q1 24
-0.88×
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RIG
RIG

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

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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