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Side-by-side financial comparison of Seadrill Ltd (SDRL) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $208.0M, roughly 1.3× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -3.7%, a 19.9% gap on every dollar of revenue. Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
SDRL vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $208.0M |
| Net Profit | $-10.0M | $33.9M |
| Gross Margin | — | — |
| Operating Margin | -1.1% | 19.1% |
| Net Margin | -3.7% | 16.3% |
| Revenue YoY | — | -10.9% |
| Net Profit YoY | — | -14.2% |
| EPS (diluted) | — | $5.15 |
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.
| Q4 25 | $273.0M | $208.0M | ||
| Q3 25 | $280.0M | $216.4M | ||
| Q2 25 | $288.0M | $210.5M | ||
| Q1 25 | $248.0M | $217.9M | ||
| Q4 24 | — | $233.5M | ||
| Q3 24 | $263.0M | $227.0M | ||
| Q2 24 | $267.0M | $224.4M | ||
| Q1 24 | $275.0M | $222.0M |
| Q4 25 | $-10.0M | $33.9M | ||
| Q3 25 | $-11.0M | $31.3M | ||
| Q2 25 | $-42.0M | $42.7M | ||
| Q1 25 | $-14.0M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $32.0M | $49.1M | ||
| Q2 24 | $253.0M | $26.0M | ||
| Q1 24 | $60.0M | $37.9M |
| Q4 25 | -1.1% | 19.1% | ||
| Q3 25 | 9.3% | 21.7% | ||
| Q2 25 | 2.1% | 21.5% | ||
| Q1 25 | 7.3% | 16.8% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 17.9% | 24.3% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | 29.1% | 14.5% |
| Q4 25 | -3.7% | 16.3% | ||
| Q3 25 | -3.9% | 14.5% | ||
| Q2 25 | -14.6% | 20.3% | ||
| Q1 25 | -5.6% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 12.2% | 21.6% | ||
| Q2 24 | 94.8% | 11.6% | ||
| Q1 24 | 21.8% | 17.1% |
| Q4 25 | — | $5.15 | ||
| Q3 25 | $-0.17 | $4.65 | ||
| Q2 25 | $-0.68 | $6.12 | ||
| Q1 25 | $-0.23 | $4.05 | ||
| Q4 24 | — | $4.65 | ||
| Q3 24 | $0.49 | $5.71 | ||
| Q2 24 | $3.49 | $2.43 | ||
| Q1 24 | $0.81 | $4.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $339.0M | — |
| Total DebtLower is stronger | $613.0M | $390.0M |
| Stockholders' EquityBook value | $2.9B | $934.0M |
| Total Assets | $3.9B | $4.3B |
| Debt / EquityLower = less leverage | 0.21× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $339.0M | — | ||
| Q3 25 | $402.0M | — | ||
| Q2 25 | $393.0M | — | ||
| Q1 25 | $404.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $835.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $613.0M | $390.0M | ||
| Q3 25 | $612.0M | $390.6M | ||
| Q2 25 | $612.0M | $231.3M | ||
| Q1 25 | $611.0M | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | $609.0M | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $2.9B | $934.0M | ||
| Q3 25 | $2.9B | $918.7M | ||
| Q2 25 | $2.9B | $896.4M | ||
| Q1 25 | $2.9B | $893.7M | ||
| Q4 24 | — | $897.5M | ||
| Q3 24 | $2.9B | $889.0M | ||
| Q2 24 | $3.1B | $868.7M | ||
| Q1 24 | $2.9B | $871.7M |
| Q4 25 | $3.9B | $4.3B | ||
| Q3 25 | $4.1B | $3.9B | ||
| Q2 25 | $4.1B | $3.7B | ||
| Q1 25 | $4.1B | $3.7B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $4.3B | $3.6B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | 0.21× | 0.42× | ||
| Q3 25 | 0.21× | 0.43× | ||
| Q2 25 | 0.21× | 0.26× | ||
| Q1 25 | 0.21× | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | 0.20× | 0.29× | ||
| Q1 24 | — | 0.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-40.0M | $-67.2M |
| Free Cash FlowOCF − Capex | — | $-74.1M |
| FCF MarginFCF / Revenue | — | -35.6% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-40.0M | $-67.2M | ||
| Q3 25 | $28.0M | $108.3M | ||
| Q2 25 | $11.0M | $75.8M | ||
| Q1 25 | $-27.0M | $-3.8M | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | $-27.0M | $69.1M | ||
| Q2 24 | $79.0M | $70.0M | ||
| Q1 24 | $29.0M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | — | $68.6M | ||
| Q1 24 | — | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | -0.84× | 1.41× | ||
| Q2 24 | 0.31× | 2.69× | ||
| Q1 24 | 0.48× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SDRL
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
