SDRL
Seadrill Limited
SDRL lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
SDRL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
SDRL's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
SDRL PE Valuation
SDRL has no meaningful PE right now: it lost money over the past year.
SDRL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SDRL, with profitability improving. However, they disagree widely on these estimates.
SDRL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.46 | — |
| Q3 2026 | -$0.29 | -156% |
| Q2 2026 | $0.03 | -97% |
| Q1 2026 | -$1.12 | -121% |
| Q4 2025 | -$1.24 | -119% |
| Q3 2025 | $0.52 | -91% |
| Q2 2025 | $1.18 | -82% |
| Q1 2025 | $5.35 | +32% |
| Q4 2024 | $6.39 | +57% |
SDRL has swung to a loss: it lost $0.29 per share over the past year, after a profit the year before.
SDRL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $428M | +18% |
| Q2 2026 | $449M | +19% |
| Q1 2026 | $358M | +6.9% |
| Q4 2025 | $362M | +25% |
| Q3 2025 | $363M | +2.5% |
| Q2 2025 | $377M | +4.7% |
| Q1 2025 | $335M | -8.7% |
| Q4 2024 | $289M | -26% |
SDRL's revenue has grown year over year for six quarters in a row: $428M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +3.1 points |
| Q2 2026 | 16% | +14 points |
| Q1 2026 | 6.7% | +1.3 points |
| Q4 2025 | -0.8% | +0.2 points |
| Q3 2025 | 7.2% | -6.1 points |
| Q2 2025 | 1.6% | -78 points |
| Q1 2025 | 5.4% | -16 points |
| Q4 2024 | -1% | -14 points |
SDRL's operating margin was 10% last quarter, up 3.1 points from the same quarter a year ago.
SDRL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $195M | +596% |
| Q2 2026 | -$18M | -264% |
| Q1 2026 | -$22M | +$5M |
| Q4 2025 | -$40M | -$9M |
| Q3 2025 | $28M | +$108M |
| Q2 2025 | $11M | -69% |
| Q1 2025 | -$27M | -550% |
| Q4 2024 | -$31M | -134% |
SDRL's free cash flow has turned positive again: $115M over the past year, against −$19M the year before.
SDRL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | -21% | -16.8M shares |
| 5 years | -35% | -35M shares |
| Available history | -35% | -35M shares |
SDRL has 65M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $101M |
| Q3 2024 | $190M |
| Q2 2024 | $122M |
SDRL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.4x | Very low |
SDRL's net debt is less than a year of its operating earnings (EBITDA).
SDRL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.8 | Neutral |
| Stochastic | 41.4 | Neutral |
SDRL's weekly RSI is 49 (neutral) and its Stochastic is 41 (neutral).
SDRL PE vs Energy Sector
| Metric | SDRL | Sector median | Relative |
|---|---|---|---|
| PE | 1,752x | 13x | 13,256% above |
| PE % | 100 | 66 | 34 pts above |
SDRL has no meaningful PE right now: it lost money over the past year.
SDRL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $46.9 | 4.3% below |
| 20 week MA | $45.9 | 2.4% below |
| 50 week MA | $43.5 | 3.1% above |
| 100 week MA | $36.3 | 24% above |
| 200 week MA | $40.0 | 12% above |
SDRL has slipped below its 8- and 20-week averages, though it's still 12% above its 200-week average.
SDRL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $26.5 | $31.2 | +18% |
| 2023 | $31.2 | $47.3 | +52% |
| 2024 | $47.3 | $36.6 | -23% |
| 2025 | $36.6 | $33.0 | -9.9% |
| 2026 YTD | $33.0 | $44.9 | +36% |
SDRL is up 36% so far in 2026, after finishing lower in two of the previous four years.