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Side-by-side financial comparison of Seadrill Ltd (SDRL) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Seadrill Ltd is the larger business by last-quarter revenue ($273.0M vs $183.7M, roughly 1.5× Wingstop Inc.). Wingstop 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, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
SDRL vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $273.0M | $183.7M |
| Net Profit | $-10.0M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | -1.1% | 27.4% |
| Net Margin | -3.7% | 16.3% |
| Revenue YoY | — | 7.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $1.08 |
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.
| Q1 26 | — | $183.7M | ||
| Q4 25 | $273.0M | $175.7M | ||
| Q3 25 | $280.0M | $175.7M | ||
| Q2 25 | $288.0M | $174.3M | ||
| Q1 25 | $248.0M | $171.1M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | $263.0M | $162.5M | ||
| Q2 24 | $267.0M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-10.0M | $26.8M | ||
| Q3 25 | $-11.0M | $28.5M | ||
| Q2 25 | $-42.0M | $26.8M | ||
| Q1 25 | $-14.0M | $92.3M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | $32.0M | $25.7M | ||
| Q2 24 | $253.0M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -1.1% | 26.7% | ||
| Q3 25 | 9.3% | 27.9% | ||
| Q2 25 | 2.1% | 25.9% | ||
| Q1 25 | 7.3% | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 17.9% | 24.5% | ||
| Q2 24 | — | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -3.7% | 15.2% | ||
| Q3 25 | -3.9% | 16.2% | ||
| Q2 25 | -14.6% | 15.4% | ||
| Q1 25 | -5.6% | 53.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 12.2% | 15.8% | ||
| Q2 24 | 94.8% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | — | $0.99 | ||
| Q3 25 | $-0.17 | $1.02 | ||
| Q2 25 | $-0.68 | $0.96 | ||
| Q1 25 | $-0.23 | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | $0.49 | $0.88 | ||
| Q2 24 | $3.49 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $613.0M | — |
| Stockholders' EquityBook value | $2.9B | — |
| Total Assets | $3.9B | $648.9M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $339.0M | $196.6M | ||
| Q3 25 | $402.0M | $237.6M | ||
| Q2 25 | $393.0M | $227.9M | ||
| Q1 25 | $404.0M | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | $835.0M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $613.0M | $1.2B | ||
| Q3 25 | $612.0M | — | ||
| Q2 25 | $612.0M | — | ||
| Q1 25 | $611.0M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $609.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $-736.8M | ||
| Q3 25 | $2.9B | $-702.6M | ||
| Q2 25 | $2.9B | $-686.0M | ||
| Q1 25 | $2.9B | $-715.0M | ||
| Q4 24 | — | $-675.6M | ||
| Q3 24 | $2.9B | $-447.5M | ||
| Q2 24 | $3.1B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $3.9B | $693.4M | ||
| Q3 25 | $4.1B | $721.0M | ||
| Q2 25 | $4.1B | $708.3M | ||
| Q1 25 | $4.1B | $696.8M | ||
| Q4 24 | — | $716.2M | ||
| Q3 24 | — | $484.8M | ||
| Q2 24 | $4.3B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.20× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-40.0M | $57.3M | ||
| Q3 25 | $28.0M | $63.9M | ||
| Q2 25 | $11.0M | $6.6M | ||
| Q1 25 | $-27.0M | $25.3M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | $-27.0M | $69.0M | ||
| Q2 24 | $79.0M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | -0.84× | 2.68× | ||
| Q2 24 | 0.31× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SDRL
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
