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.

Seadrill SDRL Operating Income

Operating Income at other companies

ValarisVAL

$20M-86.0%

TransoceanRIG

$287M+348%

Noble CorporationNE

$225.31M+20.3%

Patterson-UTI EnergyPTEN

-$14.32M-184%

Oceaneering InternationalOII

$57.79M-21.3%

Helmerich & PayneHP

-$36.92M-188%

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$2.49B+82.8%

Enterprise value$2.79B+80.4%

P/S1.7×+0.7×

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 official record: Seadrill’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.