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

Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $245.3M, roughly 1.1× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -3.7%, a 14.3% gap on every dollar of revenue. Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs -8.9%).

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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

SDRL vs TGLS — Head-to-Head

Bigger by revenue
SDRL
SDRL
1.1× larger
SDRL
$273.0M
$245.3M
TGLS
Higher net margin
TGLS
TGLS
14.3% more per $
TGLS
10.6%
-3.7%
SDRL
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SDRL
SDRL
TGLS
TGLS
Revenue
$273.0M
$245.3M
Net Profit
$-10.0M
$26.1M
Gross Margin
40.0%
Operating Margin
-1.1%
18.3%
Net Margin
-3.7%
10.6%
Revenue YoY
2.4%
Net Profit YoY
-44.5%
EPS (diluted)
$0.57

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
TGLS
TGLS
Q4 25
$273.0M
$245.3M
Q3 25
$280.0M
$260.5M
Q2 25
$288.0M
$255.5M
Q1 25
$248.0M
$222.3M
Q4 24
$239.6M
Q3 24
$263.0M
$238.3M
Q2 24
$267.0M
$219.7M
Q1 24
$275.0M
$192.6M
Net Profit
SDRL
SDRL
TGLS
TGLS
Q4 25
$-10.0M
$26.1M
Q3 25
$-11.0M
$47.2M
Q2 25
$-42.0M
$44.1M
Q1 25
$-14.0M
$42.2M
Q4 24
$47.0M
Q3 24
$32.0M
$49.5M
Q2 24
$253.0M
$35.0M
Q1 24
$60.0M
$29.7M
Gross Margin
SDRL
SDRL
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
SDRL
SDRL
TGLS
TGLS
Q4 25
-1.1%
18.3%
Q3 25
9.3%
25.1%
Q2 25
2.1%
24.0%
Q1 25
7.3%
26.7%
Q4 24
28.0%
Q3 24
17.9%
28.4%
Q2 24
23.3%
Q1 24
29.1%
21.3%
Net Margin
SDRL
SDRL
TGLS
TGLS
Q4 25
-3.7%
10.6%
Q3 25
-3.9%
18.1%
Q2 25
-14.6%
17.3%
Q1 25
-5.6%
19.0%
Q4 24
19.6%
Q3 24
12.2%
20.8%
Q2 24
94.8%
15.9%
Q1 24
21.8%
15.4%
EPS (diluted)
SDRL
SDRL
TGLS
TGLS
Q4 25
$0.57
Q3 25
$-0.17
$1.01
Q2 25
$-0.68
$0.94
Q1 25
$-0.23
$0.90
Q4 24
$1.00
Q3 24
$0.49
$1.05
Q2 24
$3.49
$0.75
Q1 24
$0.81
$0.63

Balance Sheet & Financial Strength

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

Metric
SDRL
SDRL
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$339.0M
$104.1M
Total DebtLower is stronger
$613.0M
$174.4M
Stockholders' EquityBook value
$2.9B
$713.1M
Total Assets
$3.9B
$1.3B
Debt / EquityLower = less leverage
0.21×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SDRL
SDRL
TGLS
TGLS
Q4 25
$339.0M
$104.1M
Q3 25
$402.0M
$127.1M
Q2 25
$393.0M
$140.9M
Q1 25
$404.0M
$160.2M
Q4 24
$137.5M
Q3 24
$124.8M
Q2 24
$835.0M
$129.5M
Q1 24
$138.8M
Total Debt
SDRL
SDRL
TGLS
TGLS
Q4 25
$613.0M
$174.4M
Q3 25
$612.0M
$114.7M
Q2 25
$612.0M
$110.6M
Q1 25
$611.0M
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$609.0M
$144.7M
Q1 24
$160.9M
Stockholders' Equity
SDRL
SDRL
TGLS
TGLS
Q4 25
$2.9B
$713.1M
Q3 25
$2.9B
$764.0M
Q2 25
$2.9B
$736.0M
Q1 25
$2.9B
$685.1M
Q4 24
$631.2M
Q3 24
$2.9B
$613.3M
Q2 24
$3.1B
$574.8M
Q1 24
$2.9B
$573.6M
Total Assets
SDRL
SDRL
TGLS
TGLS
Q4 25
$3.9B
$1.3B
Q3 25
$4.1B
$1.2B
Q2 25
$4.1B
$1.2B
Q1 25
$4.1B
$1.1B
Q4 24
$1.0B
Q3 24
$996.3M
Q2 24
$4.3B
$942.5M
Q1 24
$981.6M
Debt / Equity
SDRL
SDRL
TGLS
TGLS
Q4 25
0.21×
0.24×
Q3 25
0.21×
0.15×
Q2 25
0.21×
0.15×
Q1 25
0.21×
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.20×
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$-40.0M
$31.0M
Free Cash FlowOCF − Capex
$11.4M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SDRL
SDRL
TGLS
TGLS
Q4 25
$-40.0M
$31.0M
Q3 25
$28.0M
$40.0M
Q2 25
$11.0M
$17.9M
Q1 25
$-27.0M
$46.9M
Q4 24
$61.1M
Q3 24
$-27.0M
$41.5M
Q2 24
$79.0M
$34.5M
Q1 24
$29.0M
$33.4M
Free Cash Flow
SDRL
SDRL
TGLS
TGLS
Q4 25
$11.4M
Q3 25
$21.2M
Q2 25
$-14.7M
Q1 25
$16.5M
Q4 24
$35.4M
Q3 24
$17.8M
Q2 24
$14.2M
Q1 24
$23.6M
FCF Margin
SDRL
SDRL
TGLS
TGLS
Q4 25
4.7%
Q3 25
8.2%
Q2 25
-5.7%
Q1 25
7.4%
Q4 24
14.8%
Q3 24
7.5%
Q2 24
6.5%
Q1 24
12.2%
Capex Intensity
SDRL
SDRL
TGLS
TGLS
Q4 25
8.0%
Q3 25
7.2%
Q2 25
12.7%
Q1 25
13.7%
Q4 24
10.7%
Q3 24
9.9%
Q2 24
9.2%
Q1 24
5.1%
Cash Conversion
SDRL
SDRL
TGLS
TGLS
Q4 25
1.19×
Q3 25
0.85×
Q2 25
0.41×
Q1 25
1.11×
Q4 24
1.30×
Q3 24
-0.84×
0.84×
Q2 24
0.31×
0.98×
Q1 24
0.48×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SDRL
SDRL

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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