What is Transocean's return on invested capital?

Transocean (RIG) reported return on invested capital of -14.7% in Q1 2026.

What is the long-term trend for Transocean's return on invested capital?

Over 4 years (2020 to 2025), Transocean's return on invested capital has grown at a 57.7% compound annual growth rate (CAGR), from -2.6% to -15.8%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Transocean RIG Return on invested capital

Return on invested capital at other companies

ValarisVAL

10.7%-6.0pp

Noble CorporationNE

7.4%-3.3pp

NOVA, Inc.NOV

2.7%-5.8pp

Weatherford InternationalWFRD

31.8%+1.2pp

SM EnergySM

17.6%-5.8pp

Kodiak Gas ServicesKGS

6.7%+1.4pp

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%

Enterprise value$10.82B+33.6%

P/S1.4×+0.8×

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

Calculated from Transocean’s reported figures.

nopat/invested capital=-14.7%

Based on trailing twelve months.

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 return on invested capital?: Transocean (RIG) reported return on invested capital of -14.7% in Q1 2026.
What is the long-term trend for Transocean's return on invested capital?: Over 4 years (2020 to 2025), Transocean's return on invested capital has grown at a 57.7% compound annual growth rate (CAGR), from -2.6% to -15.8%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.