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Seadrill SDRL Operating Income

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Other financials

Income statement

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Revenue$358.0M+6.9%
Net income-$7.0M+50.0%
EPS (diluted)-$0.11+52.2%

Balance sheet

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Cash & equivalents$329.0M-23.5%
Total debt$631.0M+2.1%
Total equity$2.9B-2.0%
Total assets$4.0B-1.7%

Cash flow

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Operating cash flow-$22.0M+18.5%
CapEx$13.0M-71.1%
Free cash flow-$35.0M+51.4%

Valuation

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Market cap$2.69B+45.6%
Enterprise value$2.99B+46.1%
P/S1.8×+0.5×

Profitability

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Operating margin3.8%-22.3pp
Net margin-4.8%-32.3pp
FCF margin-7.5%-1.8pp

Returns & leverage

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Return on equity-2.4%-15.2pp
Debt / equity0.2×0.0×
Current ratio1.9×-0.1×

Where this comes from

Reported directly by Seadrill in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Seadrill’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001737706-26-000016
(In $ millions, except per share data)Three months ended March 31, 2026Three months ended March 31, 2025
Selling, general and administrative expenses(25)(23)
Merger and integration related expenses(1)
Total operating expenses(334)(317)
Operating profit2418
Financial and other non-operating items
Interest income24
Interest expense(15)(15)
Equity in earnings of equity method investment (net of tax)48

Item 1. Financial Statements.

FAQ

What is Seadrill's operating income?
Seadrill (SDRL) reported operating income of $24M in Q1 2026.
How has Seadrill's operating income changed year-over-year?
Seadrill's operating income increased by 33.3% year-over-year, from $18M to $24M.
What is the long-term trend for Seadrill's operating income?
Over 2 years (2023 to 2025), Seadrill's operating income has grown at a -61.0% compound annual growth rate (CAGR), from $329M to $50M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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