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Side-by-side financial comparison of SAFETY INSURANCE GROUP INC (SAFT) and Seadrill Ltd (SDRL). Click either name above to swap in a different company.

SAFETY INSURANCE GROUP INC is the larger business by last-quarter revenue ($319.3M vs $273.0M, roughly 1.2× Seadrill Ltd). SAFETY INSURANCE GROUP INC runs the higher net margin — 6.3% vs -3.7%, a 10.0% gap on every dollar of revenue. Over the past eight quarters, SAFETY INSURANCE GROUP INC's revenue compounded faster (9.1% CAGR vs -8.9%).

Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.

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.

SAFT vs SDRL — Head-to-Head

Bigger by revenue
SAFT
SAFT
1.2× larger
SAFT
$319.3M
$273.0M
SDRL
Higher net margin
SAFT
SAFT
10.0% more per $
SAFT
6.3%
-3.7%
SDRL
Faster 2-yr revenue CAGR
SAFT
SAFT
Annualised
SAFT
9.1%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SAFT
SAFT
SDRL
SDRL
Revenue
$319.3M
$273.0M
Net Profit
$20.1M
$-10.0M
Gross Margin
Operating Margin
8.0%
-1.1%
Net Margin
6.3%
-3.7%
Revenue YoY
11.4%
Net Profit YoY
147.3%
EPS (diluted)
$1.36

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
SAFT
SAFT
SDRL
SDRL
Q4 25
$319.3M
$273.0M
Q3 25
$326.6M
$280.0M
Q2 25
$316.3M
$288.0M
Q1 25
$301.4M
$248.0M
Q4 24
$286.7M
Q3 24
$295.3M
$263.0M
Q2 24
$269.8M
$267.0M
Q1 24
$268.2M
$275.0M
Net Profit
SAFT
SAFT
SDRL
SDRL
Q4 25
$20.1M
$-10.0M
Q3 25
$28.3M
$-11.0M
Q2 25
$28.9M
$-42.0M
Q1 25
$21.9M
$-14.0M
Q4 24
$8.1M
Q3 24
$25.9M
$32.0M
Q2 24
$16.6M
$253.0M
Q1 24
$20.1M
$60.0M
Operating Margin
SAFT
SAFT
SDRL
SDRL
Q4 25
8.0%
-1.1%
Q3 25
11.1%
9.3%
Q2 25
11.6%
2.1%
Q1 25
9.4%
7.3%
Q4 24
3.5%
Q3 24
11.1%
17.9%
Q2 24
7.9%
Q1 24
9.5%
29.1%
Net Margin
SAFT
SAFT
SDRL
SDRL
Q4 25
6.3%
-3.7%
Q3 25
8.7%
-3.9%
Q2 25
9.1%
-14.6%
Q1 25
7.3%
-5.6%
Q4 24
2.8%
Q3 24
8.8%
12.2%
Q2 24
6.2%
94.8%
Q1 24
7.5%
21.8%
EPS (diluted)
SAFT
SAFT
SDRL
SDRL
Q4 25
$1.36
Q3 25
$1.91
$-0.17
Q2 25
$1.95
$-0.68
Q1 25
$1.48
$-0.23
Q4 24
$0.56
Q3 24
$1.73
$0.49
Q2 24
$1.13
$3.49
Q1 24
$1.36
$0.81

Balance Sheet & Financial Strength

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

Metric
SAFT
SAFT
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$73.9M
$339.0M
Total DebtLower is stronger
$50.0M
$613.0M
Stockholders' EquityBook value
$892.3M
$2.9B
Total Assets
$2.5B
$3.9B
Debt / EquityLower = less leverage
0.06×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SAFT
SAFT
SDRL
SDRL
Q4 25
$73.9M
$339.0M
Q3 25
$56.2M
$402.0M
Q2 25
$49.4M
$393.0M
Q1 25
$64.7M
$404.0M
Q4 24
$59.0M
Q3 24
$82.3M
Q2 24
$44.6M
$835.0M
Q1 24
$30.8M
Total Debt
SAFT
SAFT
SDRL
SDRL
Q4 25
$50.0M
$613.0M
Q3 25
$30.0M
$612.0M
Q2 25
$30.0M
$612.0M
Q1 25
$30.0M
$611.0M
Q4 24
Q3 24
Q2 24
$609.0M
Q1 24
Stockholders' Equity
SAFT
SAFT
SDRL
SDRL
Q4 25
$892.3M
$2.9B
Q3 25
$899.6M
$2.9B
Q2 25
$873.3M
$2.9B
Q1 25
$850.7M
$2.9B
Q4 24
$828.5M
Q3 24
$851.4M
$2.9B
Q2 24
$810.2M
$3.1B
Q1 24
$807.1M
$2.9B
Total Assets
SAFT
SAFT
SDRL
SDRL
Q4 25
$2.5B
$3.9B
Q3 25
$2.4B
$4.1B
Q2 25
$2.4B
$4.1B
Q1 25
$2.3B
$4.1B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.2B
$4.3B
Q1 24
$2.1B
Debt / Equity
SAFT
SAFT
SDRL
SDRL
Q4 25
0.06×
0.21×
Q3 25
0.03×
0.21×
Q2 25
0.03×
0.21×
Q1 25
0.04×
0.21×
Q4 24
Q3 24
Q2 24
0.20×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SAFT
SAFT
SDRL
SDRL
Operating Cash FlowLast quarter
$194.5M
$-40.0M
Free Cash FlowOCF − Capex
$192.0M
FCF MarginFCF / Revenue
60.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
9.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SAFT
SAFT
SDRL
SDRL
Q4 25
$194.5M
$-40.0M
Q3 25
$85.5M
$28.0M
Q2 25
$32.3M
$11.0M
Q1 25
$3.2M
$-27.0M
Q4 24
$128.7M
Q3 24
$73.8M
$-27.0M
Q2 24
$25.6M
$79.0M
Q1 24
$-21.1M
$29.0M
Free Cash Flow
SAFT
SAFT
SDRL
SDRL
Q4 25
$192.0M
Q3 25
Q2 25
$32.3M
Q1 25
$2.8M
Q4 24
$124.3M
Q3 24
$73.2M
Q2 24
$25.0M
Q1 24
$-24.2M
FCF Margin
SAFT
SAFT
SDRL
SDRL
Q4 25
60.1%
Q3 25
Q2 25
10.2%
Q1 25
0.9%
Q4 24
43.4%
Q3 24
24.8%
Q2 24
9.3%
Q1 24
-9.0%
Capex Intensity
SAFT
SAFT
SDRL
SDRL
Q4 25
0.8%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
1.5%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
1.1%
Cash Conversion
SAFT
SAFT
SDRL
SDRL
Q4 25
9.67×
Q3 25
3.02×
Q2 25
1.12×
Q1 25
0.14×
Q4 24
15.83×
Q3 24
2.85×
-0.84×
Q2 24
1.54×
0.31×
Q1 24
-1.05×
0.48×

Financial Flow Comparison

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

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