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Side-by-side financial comparison of Transocean Ltd. (RIG) and TFI International Inc. (TFII). Click either name above to swap in a different company.

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $921.9M, roughly 1.1× TFI International Inc.).

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.

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...

RIG vs TFII — Head-to-Head

Bigger by revenue
RIG
RIG
1.1× larger
RIG
$1.0B
$921.9M
TFII

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
RIG
RIG
TFII
TFII
Revenue
$1.0B
$921.9M
Net Profit
$25.0M
Gross Margin
42.0%
Operating Margin
23.0%
8.4%
Net Margin
2.4%
Revenue YoY
9.6%
Net Profit YoY
257.1%
EPS (diluted)
$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
RIG
RIG
TFII
TFII
Q4 25
$1.0B
Q3 25
$1.0B
$921.9M
Q2 25
$988.0M
$2.0B
Q1 25
$906.0M
$2.0B
Q4 24
$952.0M
Q3 24
$948.0M
$1.0B
Q2 24
$861.0M
$2.3B
Q1 24
$763.0M
$1.9B
Net Profit
RIG
RIG
TFII
TFII
Q4 25
$25.0M
Q3 25
$-1.9B
Q2 25
$-938.0M
$98.2M
Q1 25
$-79.0M
$56.0M
Q4 24
$7.0M
Q3 24
$-494.0M
Q2 24
$-123.0M
$117.8M
Q1 24
$98.0M
$92.8M
Gross Margin
RIG
RIG
TFII
TFII
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
TFII
TFII
Q4 25
23.0%
Q3 25
-163.1%
8.4%
Q2 25
-97.6%
8.4%
Q1 25
7.1%
5.8%
Q4 24
13.7%
Q3 24
-51.2%
9.5%
Q2 24
-6.9%
9.2%
Q1 24
-0.4%
8.1%
Net Margin
RIG
RIG
TFII
TFII
Q4 25
2.4%
Q3 25
-187.1%
Q2 25
-94.9%
4.8%
Q1 25
-8.7%
2.9%
Q4 24
0.7%
Q3 24
-52.1%
Q2 24
-14.3%
5.2%
Q1 24
12.8%
5.0%
EPS (diluted)
RIG
RIG
TFII
TFII
Q4 25
$0.13
Q3 25
$-2.00
Q2 25
$-1.06
Q1 25
$-0.11
Q4 24
$-0.14
Q3 24
$-0.58
Q2 24
$-0.15
Q1 24
$0.11

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RIG
RIG
TFII
TFII
Q4 25
$620.0M
Q3 25
$833.0M
Q2 25
$377.0M
Q1 25
$263.0M
Q4 24
$560.0M
Q3 24
$435.0M
Q2 24
$475.0M
Q1 24
$446.0M
Total Debt
RIG
RIG
TFII
TFII
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
RIG
RIG
TFII
TFII
Q4 25
$8.1B
Q3 25
$8.1B
Q2 25
$9.4B
Q1 25
$10.2B
Q4 24
$10.3B
Q3 24
$10.2B
Q2 24
$10.7B
Q1 24
$10.5B
Total Assets
RIG
RIG
TFII
TFII
Q4 25
$15.6B
Q3 25
$16.2B
Q2 25
$17.8B
Q1 25
$19.0B
Q4 24
$19.4B
Q3 24
$19.5B
Q2 24
$20.3B
Q1 24
$19.9B
Debt / Equity
RIG
RIG
TFII
TFII
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
RIG
RIG
TFII
TFII
Operating Cash FlowLast quarter
$349.0M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
13.96×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RIG
RIG
TFII
TFII
Q4 25
$349.0M
Q3 25
$246.0M
Q2 25
$128.0M
Q1 25
$26.0M
Q4 24
$206.0M
Q3 24
$194.0M
Q2 24
$133.0M
Q1 24
$-86.0M
Free Cash Flow
RIG
RIG
TFII
TFII
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
TFII
TFII
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
TFII
TFII
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
TFII
TFII
Q4 25
13.96×
Q3 25
Q2 25
Q1 25
Q4 24
29.43×
Q3 24
Q2 24
Q1 24
-0.88×

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%

TFII
TFII

Segment breakdown not available.

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