What is Transocean's income tax?

Transocean (RIG) reported income tax of -$54M in Q1 2026.

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

Transocean's income tax decreased by 238.5% year-over-year, from $39M to -$54M.

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

Over 2 years (2021 to 2023), Transocean's income tax has grown at a -67.2% compound annual growth rate (CAGR), from $121M to $13M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Transocean RIG Income Tax

Income Tax at other companies

ValarisVAL

$28.4M-85.3%

Noble CorporationNE

$72.95M+80.5%

Patterson-UTI EnergyPTEN

-$3.6M-359%

NOVA, Inc.NOV

$15M-68.1%

Weatherford InternationalWFRD

-$4M-140%

Oceaneering InternationalOII

$18.72M-1.5%

Other financials

Income statement

See full

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

See full

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:IncomeTaxExpenseBenefit.

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 income tax?: Transocean (RIG) reported income tax of -$54M in Q1 2026.
How has Transocean's income tax changed year-over-year?: Transocean's income tax decreased by 238.5% year-over-year, from $39M to -$54M.
What is the long-term trend for Transocean's income tax?: Over 2 years (2021 to 2023), Transocean's income tax has grown at a -67.2% compound annual growth rate (CAGR), from $121M to $13M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.