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

Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $158.6M, roughly 1.7× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -3.7%, a 74.8% gap on every dollar of revenue.

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

SDRL vs STOK — Head-to-Head

Bigger by revenue
SDRL
SDRL
1.7× larger
SDRL
$273.0M
$158.6M
STOK
Higher net margin
STOK
STOK
74.8% more per $
STOK
71.2%
-3.7%
SDRL

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
SDRL
SDRL
STOK
STOK
Revenue
$273.0M
$158.6M
Net Profit
$-10.0M
$112.9M
Gross Margin
Operating Margin
-1.1%
70.2%
Net Margin
-3.7%
71.2%
Revenue YoY
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$1.90

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
SDRL
SDRL
STOK
STOK
Q4 25
$273.0M
Q3 25
$280.0M
Q2 25
$288.0M
Q1 25
$248.0M
$158.6M
Q4 24
$22.6M
Q3 24
$263.0M
Q2 24
$267.0M
Q1 24
$275.0M
Net Profit
SDRL
SDRL
STOK
STOK
Q4 25
$-10.0M
Q3 25
$-11.0M
Q2 25
$-42.0M
Q1 25
$-14.0M
$112.9M
Q4 24
$-10.5M
Q3 24
$32.0M
Q2 24
$253.0M
Q1 24
$60.0M
Operating Margin
SDRL
SDRL
STOK
STOK
Q4 25
-1.1%
Q3 25
9.3%
Q2 25
2.1%
Q1 25
7.3%
70.2%
Q4 24
-60.4%
Q3 24
17.9%
Q2 24
Q1 24
29.1%
Net Margin
SDRL
SDRL
STOK
STOK
Q4 25
-3.7%
Q3 25
-3.9%
Q2 25
-14.6%
Q1 25
-5.6%
71.2%
Q4 24
-46.4%
Q3 24
12.2%
Q2 24
94.8%
Q1 24
21.8%
EPS (diluted)
SDRL
SDRL
STOK
STOK
Q4 25
Q3 25
$-0.17
Q2 25
$-0.68
Q1 25
$-0.23
$1.90
Q4 24
$-0.15
Q3 24
$0.49
Q2 24
$3.49
Q1 24
$0.81

Balance Sheet & Financial Strength

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

Metric
SDRL
SDRL
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$339.0M
$274.8M
Total DebtLower is stronger
$613.0M
Stockholders' EquityBook value
$2.9B
$350.1M
Total Assets
$3.9B
$406.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SDRL
SDRL
STOK
STOK
Q4 25
$339.0M
Q3 25
$402.0M
Q2 25
$393.0M
Q1 25
$404.0M
$274.8M
Q4 24
$128.0M
Q3 24
Q2 24
$835.0M
Q1 24
Total Debt
SDRL
SDRL
STOK
STOK
Q4 25
$613.0M
Q3 25
$612.0M
Q2 25
$612.0M
Q1 25
$611.0M
Q4 24
Q3 24
Q2 24
$609.0M
Q1 24
Stockholders' Equity
SDRL
SDRL
STOK
STOK
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
$350.1M
Q4 24
$229.0M
Q3 24
$2.9B
Q2 24
$3.1B
Q1 24
$2.9B
Total Assets
SDRL
SDRL
STOK
STOK
Q4 25
$3.9B
Q3 25
$4.1B
Q2 25
$4.1B
Q1 25
$4.1B
$406.9M
Q4 24
$271.6M
Q3 24
Q2 24
$4.3B
Q1 24
Debt / Equity
SDRL
SDRL
STOK
STOK
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.21×
Q1 25
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
SDRL
SDRL
STOK
STOK
Operating Cash FlowLast quarter
$-40.0M
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SDRL
SDRL
STOK
STOK
Q4 25
$-40.0M
Q3 25
$28.0M
Q2 25
$11.0M
Q1 25
$-27.0M
$131.8M
Q4 24
$-23.2M
Q3 24
$-27.0M
Q2 24
$79.0M
Q1 24
$29.0M
Free Cash Flow
SDRL
SDRL
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
Q1 24
FCF Margin
SDRL
SDRL
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Q1 24
Capex Intensity
SDRL
SDRL
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
SDRL
SDRL
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
Q4 24
Q3 24
-0.84×
Q2 24
0.31×
Q1 24
0.48×

Financial Flow Comparison

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

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