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Transocean RIG Operating margin

Operating margin at other companies

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16%-3.0pp
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14.2%-6.6pp
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Patterson-UTI EnergyPTEN
-1.5%-0.7pp
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NOVA, Inc.NOV
4.5%-5.3pp
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Weatherford InternationalWFRD
15.1%-0.7pp
Oceaneering International logo
Oceaneering InternationalOII
10.3%0.0pp

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
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

Calculated from Transocean’s reported figures.

Based on trailing twelve months.

The official record: Transocean’s 10-Q, filed October 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Transocean's operating margin?
Transocean (RIG) reported operating margin of -18.7% in Q3 2024.
How has Transocean's operating margin changed year-over-year?
Transocean's operating margin decreased by 59.2% year-over-year, from -11.7% to -18.7%.
What is the long-term trend for Transocean's operating margin?
Over 3 years (2020 to 2023), Transocean's operating margin has grown at a -9.8% compound annual growth rate (CAGR), from -15.6% to -11.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.