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Side-by-side financial comparison of Seadrill Ltd (SDRL) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $273.0M, roughly 1.2× Seadrill Ltd). Seadrill Ltd runs the higher net margin — -3.7% vs -18.0%, a 14.3% gap on every dollar of revenue. Over the past eight quarters, WYNDHAM HOTELS & RESORTS, INC.'s revenue compounded faster (-4.6% 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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

SDRL vs WH — Head-to-Head

Bigger by revenue
WH
WH
1.2× larger
WH
$334.0M
$273.0M
SDRL
Higher net margin
SDRL
SDRL
14.3% more per $
SDRL
-3.7%
-18.0%
WH
Faster 2-yr revenue CAGR
WH
WH
Annualised
WH
-4.6%
-8.9%
SDRL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SDRL
SDRL
WH
WH
Revenue
$273.0M
$334.0M
Net Profit
$-10.0M
$-60.0M
Gross Margin
Operating Margin
-1.1%
Net Margin
-3.7%
-18.0%
Revenue YoY
-76.3%
Net Profit YoY
-170.6%
EPS (diluted)
$-0.80

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
WH
WH
Q1 26
$334.0M
Q4 25
$273.0M
$334.0M
Q3 25
$280.0M
$382.0M
Q2 25
$288.0M
$397.0M
Q1 25
$248.0M
$316.0M
Q4 24
$336.0M
Q3 24
$263.0M
$396.0M
Q2 24
$267.0M
$367.0M
Net Profit
SDRL
SDRL
WH
WH
Q1 26
$-60.0M
Q4 25
$-10.0M
$-60.0M
Q3 25
$-11.0M
$105.0M
Q2 25
$-42.0M
$87.0M
Q1 25
$-14.0M
$61.0M
Q4 24
$85.0M
Q3 24
$32.0M
$102.0M
Q2 24
$253.0M
$86.0M
Operating Margin
SDRL
SDRL
WH
WH
Q1 26
Q4 25
-1.1%
-11.4%
Q3 25
9.3%
46.6%
Q2 25
2.1%
37.8%
Q1 25
7.3%
35.4%
Q4 24
38.4%
Q3 24
17.9%
43.2%
Q2 24
39.5%
Net Margin
SDRL
SDRL
WH
WH
Q1 26
-18.0%
Q4 25
-3.7%
-18.0%
Q3 25
-3.9%
27.5%
Q2 25
-14.6%
21.9%
Q1 25
-5.6%
19.3%
Q4 24
25.3%
Q3 24
12.2%
25.8%
Q2 24
94.8%
23.4%
EPS (diluted)
SDRL
SDRL
WH
WH
Q1 26
$-0.80
Q4 25
$-0.77
Q3 25
$-0.17
$1.36
Q2 25
$-0.68
$1.13
Q1 25
$-0.23
$0.78
Q4 24
$1.06
Q3 24
$0.49
$1.29
Q2 24
$3.49
$1.07

Balance Sheet & Financial Strength

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

Metric
SDRL
SDRL
WH
WH
Cash + ST InvestmentsLiquidity on hand
$339.0M
$64.0M
Total DebtLower is stronger
$613.0M
Stockholders' EquityBook value
$2.9B
$468.0M
Total Assets
$3.9B
$4.2B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SDRL
SDRL
WH
WH
Q1 26
$64.0M
Q4 25
$339.0M
$64.0M
Q3 25
$402.0M
$70.0M
Q2 25
$393.0M
$50.0M
Q1 25
$404.0M
$48.0M
Q4 24
$103.0M
Q3 24
$72.0M
Q2 24
$835.0M
$70.0M
Total Debt
SDRL
SDRL
WH
WH
Q1 26
Q4 25
$613.0M
$2.5B
Q3 25
$612.0M
$2.6B
Q2 25
$612.0M
$2.5B
Q1 25
$611.0M
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$609.0M
$2.4B
Stockholders' Equity
SDRL
SDRL
WH
WH
Q1 26
$468.0M
Q4 25
$2.9B
$468.0M
Q3 25
$2.9B
$583.0M
Q2 25
$2.9B
$570.0M
Q1 25
$2.9B
$579.0M
Q4 24
$650.0M
Q3 24
$2.9B
$583.0M
Q2 24
$3.1B
$623.0M
Total Assets
SDRL
SDRL
WH
WH
Q1 26
$4.2B
Q4 25
$3.9B
$4.2B
Q3 25
$4.1B
$4.3B
Q2 25
$4.1B
$4.3B
Q1 25
$4.1B
$4.2B
Q4 24
$4.2B
Q3 24
$4.2B
Q2 24
$4.3B
$4.2B
Debt / Equity
SDRL
SDRL
WH
WH
Q1 26
Q4 25
0.21×
5.37×
Q3 25
0.21×
4.43×
Q2 25
0.21×
4.44×
Q1 25
0.21×
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
0.20×
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$-40.0M
$367.0M
Free Cash FlowOCF − Capex
$168.0M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SDRL
SDRL
WH
WH
Q1 26
$367.0M
Q4 25
$-40.0M
$152.0M
Q3 25
$28.0M
$86.0M
Q2 25
$11.0M
$70.0M
Q1 25
$-27.0M
$59.0M
Q4 24
$134.0M
Q3 24
$-27.0M
$79.0M
Q2 24
$79.0M
$1.0M
Free Cash Flow
SDRL
SDRL
WH
WH
Q1 26
$168.0M
Q4 25
$136.0M
Q3 25
$75.0M
Q2 25
$58.0M
Q1 25
$52.0M
Q4 24
$109.0M
Q3 24
$71.0M
Q2 24
$-6.0M
FCF Margin
SDRL
SDRL
WH
WH
Q1 26
50.3%
Q4 25
40.7%
Q3 25
19.6%
Q2 25
14.6%
Q1 25
16.5%
Q4 24
32.4%
Q3 24
17.9%
Q2 24
-1.6%
Capex Intensity
SDRL
SDRL
WH
WH
Q1 26
Q4 25
4.8%
Q3 25
2.9%
Q2 25
3.0%
Q1 25
2.2%
Q4 24
7.4%
Q3 24
2.0%
Q2 24
1.9%
Cash Conversion
SDRL
SDRL
WH
WH
Q1 26
Q4 25
Q3 25
0.82×
Q2 25
0.80×
Q1 25
0.97×
Q4 24
1.58×
Q3 24
-0.84×
0.77×
Q2 24
0.31×
0.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SDRL
SDRL

Segment breakdown not available.

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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