What is Transocean's pre-tax income?

Transocean (RIG) reported pre-tax income of $17M in Q1 2026.

How has Transocean's pre-tax income changed year-over-year?

Transocean's pre-tax income increased by 142.5% year-over-year, from -$40M to $17M.

What is the long-term trend for Transocean's pre-tax income?

Over 3 years (2021 to 2025), Transocean's pre-tax income has grown at a 86.1% compound annual growth rate (CAGR), from -$470M to -$3.03B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Transocean RIG Pre-Tax Income

Pre-Tax Income at other companies

ValarisVAL

$10.4M-93.3%

Noble CorporationNE

$193.67M+30.2%

Patterson-UTI EnergyPTEN

-$28.07M-1,147%

NOVA, Inc.NOV

$35M-71.1%

Weatherford InternationalWFRD

$105M+9.4%

Oceaneering InternationalOII

$54.83M-21.0%

Other financials

Income statement

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Revenue$1.1B+19.3%

Gross profit$475.0M+64.9%

Operating income$287.0M+348%

Net income$71.0M+190%

EPS (diluted)$0.06+155%

Balance sheet

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Cash & equivalents$330.0M+25.5%

Total debt$5.3B-20.7%

Total equity$8.2B-19.8%

Total assets$15.2B-20.3%

Cash flow

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Operating cash flow$164.0M+531%

CapEx$28.0M-53.3%

Free cash flow$136.0M+500%

Valuation

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Market cap$5.88B+162%

Profitability

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Gross margin42.2%+4.7pp

Operating margin-18.7%+27.1pp

Net margin-67.4%-111pp

FCF margin19.2%+10.3pp

Returns & leverage

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Return on equity-30.3%-42.4pp

Debt / equity0.6×0.0×

Current ratio1.5×+0.2×

Where this comes from

Reported directly by Transocean in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Transocean’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Transocean's pre-tax income?: Transocean (RIG) reported pre-tax income of $17M in Q1 2026.
How has Transocean's pre-tax income changed year-over-year?: Transocean's pre-tax income increased by 142.5% year-over-year, from -$40M to $17M.
What is the long-term trend for Transocean's pre-tax income?: Over 3 years (2021 to 2025), Transocean's pre-tax income has grown at a 86.1% compound annual growth rate (CAGR), from -$470M to -$3.03B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.