Transocean Ltd (RIG) financials
Transocean revenue and earnings by year
Transocean's revenue was $3.96 billion in the fiscal year to December 31, 2025, up 12.5% from the year before. Net income was -$2.92 billion, -73.5% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 0.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.97 | 3.52 | 2.83 | 2.58 | 2.56 | 3.15 | 3.09 | 3.02 | 2.97 | 4.16 |
| Revenue growth | 12.5% | 24.4% | 10.0% | 0.7% | -18.9% | 2.1% | 2.3% | 1.5% | -28.6% | — |
| Gross profit | 1.56 | 1.33 | 0.85 | 0.90 | 0.86 | 1.15 | 0.95 | 1.22 | 1.58 | 2.26 |
| Gross margin | 39.3% | 37.6% | 29.9% | 34.8% | 33.6% | 36.5% | 30.7% | 40.4% | 53.3% | 54.3% |
| Operating income | -2.34 | -0.42 | -0.33 | -0.03 | -0.11 | -0.49 | -0.72 | -1.25 | -2.51 | 1.11 |
| Operating margin | -58.9% | -11.8% | -11.5% | -1.2% | -4.4% | -15.6% | -23.3% | -41.5% | -84.3% | 26.6% |
| Net income | -2.92 | -0.51 | -0.95 | -0.62 | -0.59 | -0.57 | -1.26 | -2.00 | -3.13 | 0.78 |
| Net margin | -73.5% | -14.5% | -33.7% | -24.1% | -23.2% | -18.0% | -40.6% | -66.1% | -105.2% | 18.7% |
| Diluted EPS | -$3.04 | — | -$1.24 | -$0.89 | — | -$0.92 | -$2.05 | -$4.30 | -$7.99 | $2.09 |
| Free cash flow | 0.63 | 0.19 | -0.26 | -0.27 | 0.37 | 0.13 | -0.05 | 0.37 | 0.67 | 0.64 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open RIG in Markets.
How Transocean makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Ultra Deepwater Floaters | $623M | 64.5% |
| Harsh Environment Floaters | $343M | 35.5% |
See also: RIG returns
No forecast, no recommendation. This page describes Transocean Ltd from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.