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Side-by-side financial comparison of Seadrill Ltd (SDRL) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $140.6M, roughly 1.9× VERACYTE, INC.). VERACYTE, INC. runs the higher net margin — 29.3% vs -3.7%, a 32.9% gap on every dollar of revenue. Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

SDRL vs VCYT — Head-to-Head

Bigger by revenue
SDRL
SDRL
1.9× larger
SDRL
$273.0M
$140.6M
VCYT
Higher net margin
VCYT
VCYT
32.9% more per $
VCYT
29.3%
-3.7%
SDRL
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SDRL
SDRL
VCYT
VCYT
Revenue
$273.0M
$140.6M
Net Profit
$-10.0M
$41.1M
Gross Margin
72.5%
Operating Margin
-1.1%
26.4%
Net Margin
-3.7%
29.3%
Revenue YoY
18.5%
Net Profit YoY
704.8%
EPS (diluted)
$0.50

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
VCYT
VCYT
Q4 25
$273.0M
$140.6M
Q3 25
$280.0M
$131.9M
Q2 25
$288.0M
$130.2M
Q1 25
$248.0M
$114.5M
Q4 24
$118.6M
Q3 24
$263.0M
$115.9M
Q2 24
$267.0M
$114.4M
Q1 24
$275.0M
$96.8M
Net Profit
SDRL
SDRL
VCYT
VCYT
Q4 25
$-10.0M
$41.1M
Q3 25
$-11.0M
$19.1M
Q2 25
$-42.0M
$-980.0K
Q1 25
$-14.0M
$7.0M
Q4 24
$5.1M
Q3 24
$32.0M
$15.2M
Q2 24
$253.0M
$5.7M
Q1 24
$60.0M
$-1.9M
Gross Margin
SDRL
SDRL
VCYT
VCYT
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Q1 24
64.5%
Operating Margin
SDRL
SDRL
VCYT
VCYT
Q4 25
-1.1%
26.4%
Q3 25
9.3%
17.4%
Q2 25
2.1%
-4.0%
Q1 25
7.3%
2.5%
Q4 24
3.5%
Q3 24
17.9%
10.4%
Q2 24
4.0%
Q1 24
29.1%
-4.8%
Net Margin
SDRL
SDRL
VCYT
VCYT
Q4 25
-3.7%
29.3%
Q3 25
-3.9%
14.5%
Q2 25
-14.6%
-0.8%
Q1 25
-5.6%
6.2%
Q4 24
4.3%
Q3 24
12.2%
13.1%
Q2 24
94.8%
5.0%
Q1 24
21.8%
-1.9%
EPS (diluted)
SDRL
SDRL
VCYT
VCYT
Q4 25
$0.50
Q3 25
$-0.17
$0.24
Q2 25
$-0.68
$-0.01
Q1 25
$-0.23
$0.09
Q4 24
$0.07
Q3 24
$0.49
$0.19
Q2 24
$3.49
$0.07
Q1 24
$0.81
$-0.02

Balance Sheet & Financial Strength

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

Metric
SDRL
SDRL
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$339.0M
$362.6M
Total DebtLower is stronger
$613.0M
Stockholders' EquityBook value
$2.9B
$1.3B
Total Assets
$3.9B
$1.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SDRL
SDRL
VCYT
VCYT
Q4 25
$339.0M
$362.6M
Q3 25
$402.0M
$315.6M
Q2 25
$393.0M
$219.5M
Q1 25
$404.0M
$186.1M
Q4 24
$239.1M
Q3 24
$274.1M
Q2 24
$835.0M
$235.9M
Q1 24
$209.2M
Total Debt
SDRL
SDRL
VCYT
VCYT
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
VCYT
VCYT
Q4 25
$2.9B
$1.3B
Q3 25
$2.9B
$1.3B
Q2 25
$2.9B
$1.2B
Q1 25
$2.9B
$1.2B
Q4 24
$1.2B
Q3 24
$2.9B
$1.2B
Q2 24
$3.1B
$1.1B
Q1 24
$2.9B
$1.1B
Total Assets
SDRL
SDRL
VCYT
VCYT
Q4 25
$3.9B
$1.4B
Q3 25
$4.1B
$1.4B
Q2 25
$4.1B
$1.3B
Q1 25
$4.1B
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$4.3B
$1.2B
Q1 24
$1.2B
Debt / Equity
SDRL
SDRL
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$-40.0M
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SDRL
SDRL
VCYT
VCYT
Q4 25
$-40.0M
$52.6M
Q3 25
$28.0M
$44.8M
Q2 25
$11.0M
$33.6M
Q1 25
$-27.0M
$5.4M
Q4 24
$24.5M
Q3 24
$-27.0M
$30.0M
Q2 24
$79.0M
$29.6M
Q1 24
$29.0M
$-9.0M
Free Cash Flow
SDRL
SDRL
VCYT
VCYT
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
Q1 24
$-11.1M
FCF Margin
SDRL
SDRL
VCYT
VCYT
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Q1 24
-11.5%
Capex Intensity
SDRL
SDRL
VCYT
VCYT
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Q1 24
2.2%
Cash Conversion
SDRL
SDRL
VCYT
VCYT
Q4 25
1.28×
Q3 25
2.34×
Q2 25
Q1 25
0.76×
Q4 24
4.80×
Q3 24
-0.84×
1.98×
Q2 24
0.31×
5.16×
Q1 24
0.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SDRL
SDRL

Segment breakdown not available.

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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