What is Seadrill's united states — drilling units, net?

Seadrill (SDRL) reported united states — drilling units, net of $727M in Q4 2025.

What does united states — drilling units, net mean?

This metric measures the net book value of drillships, semi-submersible rigs, and jack-up rigs deployed within the United States, after accounting for accumulated depreciation. It represents the capital intensity and the scale of the company's active asset base dedicated to regional operations. Tracking this value provides insight into the company's long-term investment in regional infrastructure and the potential for future revenue generation from these assets.

Seadrill SDRL United States — Drilling Units, Net

Other geography segments

Brazil

$1.43B—

Norway

$420M—

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Other financials

Income statement

See full

Revenue$358.0M+6.9%

Operating income$24.0M+33.3%

Net income-$7.0M+50.0%

EPS (diluted)-$0.11+52.2%

Balance sheet

See full

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

See full

Operating cash flow-$22.0M+18.5%

CapEx$13.0M-71.1%

Free cash flow-$35.0M+51.4%

Valuation

See full

Market cap$2.49B+82.8%

Enterprise value$2.79B+80.4%

P/S1.7×+0.7×

Profitability

See full

Operating margin3.8%-22.3pp

Net margin-4.8%-32.3pp

FCF margin-7.5%-1.8pp

Returns & leverage

See full

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 sdrl:DrillingUnitsNet.

The official record: Seadrill’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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What is Seadrill's united states — drilling units, net?: Seadrill (SDRL) reported united states — drilling units, net of $727M in Q4 2025.
What does united states — drilling units, net mean?: This metric measures the net book value of drillships, semi-submersible rigs, and jack-up rigs deployed within the United States, after accounting for accumulated depreciation. It represents the capital intensity and the scale of the company's active asset base dedicated to regional operations. Tracking this value provides insight into the company's long-term investment in regional infrastructure and the potential for future revenue generation from these assets.