Symbols / RIG Stock $6.06 -0.08% Transocean Ltd.

Energy • Oil & Gas Drilling • Switzerland • NYQ
RIG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.

Stock Fundamentals
Scroll to Statements
Market Cap 6.70B Enterprise Value 12.03B Income -2.92B Sales 3.96B Book/sh 7.36 Cash/sh 0.56
Dividend Yield — Payout 0.00% Employees 5220 IPO — P/E — Forward P/E 35.49
PEG 1.17 P/S 1.69 P/B 0.82 P/C — EV/EBITDA 8.82 EV/Sales 3.04
Quick Ratio 0.87 Current Ratio 1.56 Debt/Eq 73.64 LT Debt/Eq — EPS (ttm) -3.04 EPS next Y 0.17
EPS Growth — Revenue Growth 9.60% Earnings 2026-05-04 ROA 2.52% ROE -31.70% ROIC —
Gross Margin 39.32% Oper. Margin 23.20% Profit Margin -73.52% Shs Outstand 1.11B Shs Float 903.92M Short Float 19.93%
Short Ratio 5.22 Short Interest — 52W High 7.14 52W Low 2.11 Beta 1.38 Avg Volume 45.51M
Volume 7.54M Target Price $5.91 Recom Hold Prev Close $6.06 Price $6.05 Change -0.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.91
Mean price target
2. Current target
$6.06
Latest analyst target
3. DCF / Fair value
$17.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.06
Low
$3.50
High
$10.00
Mean
$5.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-15 main Morgan Stanley Equal-Weight → Equal-Weight $7
2026-04-07 main Susquehanna Positive → Positive $8
2026-02-23 main Morgan Stanley Equal-Weight → Equal-Weight $5
2026-02-23 main Susquehanna Positive → Positive $8
2026-02-18 down Barclays Overweight → Equal-Weight $6
2026-02-09 main BTIG Buy → Buy $10
2026-02-02 main BTIG Buy → Buy $6
2026-01-07 main Susquehanna Positive → Positive $5
2025-12-11 main Citigroup Neutral → Neutral $5
2025-12-10 down JP Morgan Neutral → Underweight —
2025-11-14 main Citigroup Neutral → Neutral $4
2025-11-05 main Barclays Overweight → Overweight $5
2025-08-13 main Barclays Overweight → Overweight $4
2025-05-16 main Morgan Stanley Equal-Weight → Equal-Weight $4
2025-04-14 main Susquehanna Positive → Positive $4
2025-04-07 main Barclays Overweight → Overweight $4
2025-03-27 main Morgan Stanley Equal-Weight → Equal-Weight $4
2025-03-19 main Citigroup Neutral → Neutral $4
2025-02-25 main Barclays Overweight → Overweight $4
2025-01-15 down Evercore ISI Group Outperform → In-Line $5
News
RSS: Latest RIG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-04 MACKENZIE, RODERICK JAMES Officer — 78,370 $6.36 $498,433
2026-02-27 THIGPEN JEREMY D Officer and Director — 610,979 $6.25 $3,818,619
2026-02-27 ADAMSON KEELAN I Chief Executive Officer — 318,176 $6.25 $1,988,600
2026-02-27 VAYDA ROBERT THADDEUS Chief Financial Officer — 156,672 $6.25 $979,200
2026-02-27 PACK JASON BAKER Officer — 69,569 $6.25 $434,806
2026-02-27 MACKENZIE, RODERICK JAMES Officer — 156,463 $6.25 $977,894
2026-02-27 LONG BRADY K Officer — 218,177 $6.25 $1,363,606
2026-02-05 THIGPEN JEREMY D Officer and Director — 373,534 — —
2026-02-05 ADAMSON KEELAN I Chief Executive Officer — 130,738 — —
2026-02-05 VAYDA ROBERT THADDEUS Chief Financial Officer — 34,726 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,965.00
+12.51%
3,524.00
+24.44%
2,832.00
+9.98%
2,575.00
Operating Revenue
3,965.00
+12.51%
3,524.00
+24.44%
2,832.00
+9.98%
2,575.00
Cost Of Revenue
659.00
-10.83%
739.00
-0.67%
744.00
+1.22%
735.00
Reconciled Cost Of Revenue
659.00
-10.83%
739.00
-0.67%
744.00
+1.22%
735.00
Gross Profit
3,306.00
+18.71%
2,785.00
+33.38%
2,088.00
+13.48%
1,840.00
Operating Expense
2,601.00
+7.79%
2,413.00
+11.04%
2,173.00
+16.77%
1,861.00
Selling General And Administration
195.00
-8.88%
214.00
+14.44%
187.00
+2.75%
182.00
General And Administrative Expense
195.00
-8.88%
214.00
+14.44%
187.00
+2.75%
182.00
Other Gand A
195.00
-8.88%
214.00
+14.44%
187.00
+2.75%
182.00
Other Operating Expenses
2,406.00
+9.41%
2,199.00
+10.73%
1,986.00
+18.28%
1,679.00
Total Expenses
3,260.00
+3.43%
3,152.00
+8.06%
2,917.00
+12.37%
2,596.00
Operating Income
705.00
+89.52%
372.00
+537.65%
-85.00
-304.76%
-21.00
Total Operating Income As Reported
-2,337.00
-460.43%
-417.00
-28.31%
-325.00
-948.39%
-31.00
EBITDA
-1,734.00
-397.94%
582.00
+16.17%
501.00
-41.13%
851.00
Normalized EBITDA
1,305.00
+7.85%
1,210.00
+56.74%
772.00
-9.50%
853.00
Reconciled Depreciation
659.00
-11.31%
743.00
-6.66%
796.00
-6.57%
852.00
EBIT
-2,393.00
-1386.34%
-161.00
+45.42%
-295.00
-29400.00%
-1.00
Total Unusual Items
-3,039.00
-383.92%
-628.00
-131.73%
-271.00
-13450.00%
-2.00
Total Unusual Items Excluding Goodwill
-3,039.00
-383.92%
-628.00
-131.73%
-271.00
-13450.00%
-2.00
Special Income Charges
-3,039.00
-383.92%
-628.00
-131.73%
-271.00
-13450.00%
-2.00
Other Special Charges
-3.00
+98.14%
-161.00
-619.35%
31.00
+487.50%
-8.00
Impairment Of Capital Assets
—
—
57.00
0.00
Write Off
3,049.00
+294.95%
772.00
+1254.39%
57.00
0.00
Net Income
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Pretax Income
-2,948.00
-463.67%
-523.00
+44.42%
-941.00
-67.44%
-562.00
Net Non Operating Interest Income Expense
-515.00
-65.06%
-312.00
+47.47%
-594.00
-11.24%
-534.00
Interest Expense Non Operating
555.00
+53.31%
362.00
-43.96%
646.00
+15.15%
561.00
Net Interest Income
-515.00
-65.06%
-312.00
+47.47%
-594.00
-11.24%
-534.00
Interest Expense
555.00
+53.31%
362.00
-43.96%
646.00
+15.15%
561.00
Interest Income Non Operating
40.00
-20.00%
50.00
-3.85%
52.00
+92.59%
27.00
Interest Income
40.00
-20.00%
50.00
-3.85%
52.00
+92.59%
27.00
Other Income Expense
-3,138.00
-438.25%
-583.00
-122.52%
-262.00
-3642.86%
-7.00
Other Non Operating Income Expenses
-99.00
-320.00%
45.00
+400.00%
9.00
+280.00%
-5.00
Tax Provision
-33.00
-200.00%
-11.00
-184.62%
13.00
-77.97%
59.00
Tax Rate For Calcs
0.00
-46.78%
0.00
-89.98%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-34.02
-157.55%
-13.21
+76.79%
-56.91
-13450.00%
-0.42
Net Income Including Noncontrolling Interests
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Net Income From Continuing Operation Net Minority Interest
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Net Income From Continuing And Discontinued Operation
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Net Income Continuous Operations
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Minority Interests
0.00
0.00
0.00
0.00
Normalized Income
89.98
-12.46%
102.79
+113.89%
-739.91
-19.45%
-619.42
Net Income Common Stockholders
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Otherunder Preferred Stock Dividend
0.00
0.00
0.00
—
Diluted EPS
-3.04
-406.67%
-0.60
+51.61%
-1.24
-39.33%
-0.89
Basic EPS
-3.04
-406.67%
-0.60
+51.61%
-1.24
-39.33%
-0.89
Basic Average Shares
960.00
+12.94%
850.00
+10.68%
768.00
+9.87%
699.00
Diluted Average Shares
960.00
+3.78%
925.00
+20.44%
768.00
+9.87%
699.00
Diluted NI Availto Com Stockholders
-2,915.00
-315.83%
-701.00
+26.52%
-954.00
-53.62%
-621.00
Average Dilution Earnings
0.00
+100.00%
-189.00
0.00
—
Gain On Sale Of PPE
7.00
+141.18%
-17.00
+90.71%
-183.00
-1730.00%
-10.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
15,642.00
-19.25%
19,371.00
-4.36%
20,254.00
-0.89%
20,436.00
Current Assets
2,081.00
-15.13%
2,452.00
+15.33%
2,126.00
+5.88%
2,008.00
Cash Cash Equivalents And Short Term Investments
620.00
+10.71%
560.00
-26.51%
762.00
+11.57%
683.00
Cash And Cash Equivalents
620.00
+10.71%
560.00
-26.51%
762.00
+11.57%
683.00
Receivables
540.00
-4.26%
564.00
+10.16%
512.00
+5.57%
485.00
Accounts Receivable
540.00
-4.26%
564.00
+10.16%
512.00
+5.57%
485.00
Gross Accounts Receivable
—
—
—
—
Allowance For Doubtful Accounts Receivable
—
—
—
—
Inventory
378.00
-13.90%
439.00
+3.05%
426.00
+9.79%
388.00
Raw Materials
378.00
-13.90%
439.00
+3.05%
426.00
+9.79%
388.00
Restricted Cash
377.00
-1.05%
381.00
+63.52%
233.00
-24.35%
308.00
Assets Held For Sale Current
24.00
-93.00%
343.00
+600.00%
49.00
—
Other Current Assets
142.00
-13.94%
165.00
+14.58%
144.00
+0.00%
144.00
Total Non Current Assets
13,561.00
-19.85%
16,919.00
-6.67%
18,128.00
-1.63%
18,428.00
Net PPE
12,577.00
-20.55%
15,831.00
-6.55%
16,941.00
-3.02%
17,469.00
Gross PPE
17,451.00
-22.15%
22,417.00
-6.11%
23,875.00
-1.41%
24,217.00
Accumulated Depreciation
-4,874.00
+25.99%
-6,586.00
+5.02%
-6,934.00
-2.76%
-6,748.00
Goodwill And Other Intangible Assets
—
0.00
-100.00%
4.00
-92.86%
56.00
Other Intangible Assets
—
—
4.00
-92.86%
56.00
Non Current Deferred Assets
61.00
+35.56%
45.00
+2.27%
44.00
+238.46%
13.00
Non Current Deferred Taxes Assets
61.00
+35.56%
45.00
+2.27%
44.00
+238.46%
13.00
Other Non Current Assets
923.00
-11.51%
1,043.00
-8.43%
1,139.00
+27.98%
890.00
Total Liabilities Net Minority Interest
7,534.00
-17.08%
9,086.00
-7.64%
9,838.00
+2.01%
9,644.00
Current Liabilities
1,336.00
-19.66%
1,663.00
+19.04%
1,397.00
-10.33%
1,558.00
Payables And Accrued Expenses
393.00
-14.38%
459.00
-14.84%
539.00
+18.72%
454.00
Payables
292.00
-10.15%
325.00
-17.30%
393.00
+15.25%
341.00
Accounts Payable
242.00
-5.10%
255.00
-21.05%
323.00
+14.95%
281.00
Current Accrued Expenses
101.00
-24.63%
134.00
-8.22%
146.00
+29.20%
113.00
Employee Benefits
103.00
+3.00%
100.00
-17.36%
121.00
-28.82%
170.00
Pensionand Other Post Retirement Benefit Plans Current
166.00
+22.06%
136.00
-6.21%
145.00
-7.05%
156.00
Total Tax Payable
50.00
-28.57%
70.00
+0.00%
70.00
+16.67%
60.00
Income Tax Payable
22.00
-29.03%
31.00
+34.78%
23.00
+21.05%
19.00
Current Debt And Capital Lease Obligation
504.00
-31.89%
740.00
+74.12%
425.00
-44.52%
766.00
Current Debt
445.00
-35.13%
686.00
+85.41%
370.00
-48.54%
719.00
Other Current Borrowings
445.00
-35.13%
686.00
+85.41%
370.00
-48.54%
719.00
Current Capital Lease Obligation
59.00
+9.26%
54.00
-1.82%
55.00
+17.02%
47.00
Current Deferred Liabilities
181.00
-21.65%
231.00
+40.00%
165.00
+33.06%
124.00
Current Deferred Revenue
181.00
-21.65%
231.00
+40.00%
165.00
+33.06%
124.00
Other Current Liabilities
92.00
-5.15%
97.00
-21.14%
123.00
+112.07%
58.00
Total Non Current Liabilities Net Minority Interest
6,198.00
-16.50%
7,423.00
-12.06%
8,441.00
+4.39%
8,086.00
Long Term Debt And Capital Lease Obligation
5,467.00
-15.98%
6,507.00
-12.39%
7,427.00
+5.33%
7,051.00
Long Term Debt
5,212.00
-15.87%
6,195.00
-12.04%
7,043.00
+6.26%
6,628.00
Long Term Capital Lease Obligation
255.00
-18.27%
312.00
-18.75%
384.00
-9.22%
423.00
Non Current Pension And Other Postretirement Benefit Plans
103.00
+3.00%
100.00
-17.36%
121.00
-28.82%
170.00
Tradeand Other Payables Non Current
90.00
+38.46%
65.00
-18.75%
80.00
-37.98%
129.00
Non Current Deferred Liabilities
496.00
-30.24%
711.00
-8.02%
773.00
+10.90%
697.00
Non Current Deferred Revenue
92.00
-56.60%
212.00
-9.01%
233.00
+14.22%
204.00
Non Current Deferred Taxes Liabilities
404.00
-19.04%
499.00
-7.59%
540.00
+9.53%
493.00
Other Non Current Liabilities
42.00
+5.00%
40.00
+0.00%
40.00
+2.56%
39.00
Stockholders Equity
8,108.00
-21.16%
10,284.00
-1.26%
10,415.00
-3.48%
10,791.00
Common Stock Equity
8,108.00
-21.16%
10,284.00
-1.26%
10,415.00
-3.48%
10,791.00
Capital Stock
110.00
+26.44%
87.00
+7.41%
81.00
+14.08%
71.00
Common Stock
110.00
+26.44%
87.00
+7.41%
81.00
+14.08%
71.00
Share Issued
1,204.01
+27.97%
940.83
+11.51%
843.72
+5.83%
797.24
Ordinary Shares Number
1,101.53
+25.77%
875.83
+8.26%
809.03
+12.07%
721.89
Treasury Shares Number
102.48
+57.67%
65.00
+87.40%
34.69
-53.97%
75.36
Additional Paid In Capital
15,604.00
+4.87%
14,880.00
+2.31%
14,544.00
+4.00%
13,984.00
Retained Earnings
-7,460.00
-64.14%
-4,545.00
-12.70%
-4,033.00
-30.98%
-3,079.00
Gains Losses Not Affecting Retained Earnings
-146.00
-5.80%
-138.00
+22.03%
-177.00
+4.32%
-185.00
Minority Interest
0.00
-100.00%
1.00
+0.00%
1.00
+0.00%
1.00
Other Equity Adjustments
-146.00
-5.80%
-138.00
+22.03%
-177.00
+4.32%
-185.00
Total Equity Gross Minority Interest
8,108.00
-21.17%
10,285.00
-1.26%
10,416.00
-3.48%
10,792.00
Total Capitalization
13,320.00
-19.17%
16,479.00
-5.61%
17,458.00
+0.22%
17,419.00
Working Capital
745.00
-5.58%
789.00
+8.23%
729.00
+62.00%
450.00
Invested Capital
13,765.00
-19.81%
17,165.00
-3.72%
17,828.00
-1.71%
18,138.00
Total Debt
5,971.00
-17.61%
7,247.00
-7.71%
7,852.00
+0.45%
7,817.00
Net Debt
5,037.00
-20.31%
6,321.00
-4.96%
6,651.00
-0.20%
6,664.00
Capital Lease Obligations
314.00
-14.21%
366.00
-16.63%
439.00
-6.60%
470.00
Net Tangible Assets
8,108.00
-21.16%
10,284.00
-1.22%
10,411.00
-3.02%
10,735.00
Tangible Book Value
8,108.00
-21.16%
10,284.00
-1.22%
10,411.00
-3.02%
10,735.00
Interest Payable
101.00
-24.63%
134.00
-8.22%
146.00
+29.20%
113.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
749.00
+67.56%
447.00
+172.56%
164.00
-63.39%
448.00
Cash Flow From Continuing Operating Activities
749.00
+67.56%
447.00
+172.56%
164.00
-63.39%
448.00
Net Income From Continuing Operations
-2,915.00
-469.34%
-512.00
+46.33%
-954.00
-53.62%
-621.00
Depreciation Amortization Depletion
659.00
-11.31%
743.00
-6.66%
796.00
-6.57%
852.00
Depreciation
659.00
-10.83%
739.00
-0.67%
744.00
+1.22%
735.00
Amortization Cash Flow
0.00
-100.00%
4.00
-92.31%
52.00
-55.56%
117.00
Depreciation And Amortization
659.00
-11.31%
743.00
-6.66%
796.00
-6.57%
852.00
Amortization Of Intangibles
0.00
-100.00%
4.00
-92.31%
52.00
-55.56%
117.00
Other Non Cash Items
151.00
+183.89%
-180.00
-188.24%
204.00
-12.82%
234.00
Stock Based Compensation
35.00
-25.53%
47.00
+17.50%
40.00
+37.93%
29.00
Asset Impairment Charge
3,049.00
+292.41%
777.00
+1153.23%
62.00
0.00
Deferred Tax
-111.00
-164.29%
-42.00
-333.33%
18.00
-60.87%
46.00
Deferred Income Tax
-111.00
-164.29%
-42.00
-333.33%
18.00
-60.87%
46.00
Operating Gains Losses
-10.00
+93.06%
-144.00
-167.29%
214.00
+10600.00%
2.00
Change In Working Capital
-109.00
+54.96%
-242.00
-12.04%
-216.00
-129.79%
-94.00
Change In Receivables
-30.00
+68.09%
-94.00
+5.05%
-99.00
-560.00%
-15.00
Changes In Account Receivables
-30.00
+68.09%
-94.00
+5.05%
-99.00
-560.00%
-15.00
Change In Payables And Accrued Expense
-12.00
+86.05%
-86.00
-159.72%
144.00
+1700.00%
8.00
Change In Payable
-12.00
+86.05%
-86.00
-159.72%
144.00
+1700.00%
8.00
Change In Account Payable
-12.00
+86.05%
-86.00
-159.72%
144.00
+1700.00%
8.00
Change In Other Working Capital
-67.00
-303.03%
33.00
+120.12%
-164.00
-124.66%
-73.00
Change In Other Current Assets
7.00
+107.61%
-92.00
-1.10%
-91.00
-658.33%
-12.00
Change In Other Current Liabilities
-7.00
-133.33%
-3.00
+50.00%
-6.00
-200.00%
-2.00
Investing Cash Flow
-33.00
+78.15%
-151.00
+64.30%
-423.00
+44.12%
-757.00
Cash Flow From Continuing Investing Activities
-33.00
+78.15%
-151.00
+64.30%
-423.00
+44.12%
-757.00
Capital Expenditure
-123.00
+51.57%
-254.00
+40.52%
-427.00
+40.45%
-717.00
Capital Expenditure Reported
-123.00
+51.57%
-254.00
+40.52%
-427.00
+40.45%
-717.00
Net Investment Purchase And Sale
—
—
—
—
Sale Of Investment
—
—
—
—
Net Business Purchase And Sale
6.00
+20.00%
5.00
+266.67%
-3.00
+92.86%
-42.00
Purchase Of Business
0.00
0.00
+100.00%
-10.00
+76.19%
-42.00
Net Other Investing Changes
84.00
-14.29%
98.00
+1300.00%
7.00
+250.00%
2.00
Financing Cash Flow
-660.00
-88.57%
-350.00
-233.08%
263.00
+334.82%
-112.00
Cash Flow From Continuing Financing Activities
-660.00
-88.57%
-350.00
-233.08%
263.00
+334.82%
-112.00
Net Issuance Payments Of Debt
-1,064.00
-219.52%
-333.00
-225.19%
266.00
+170.18%
-379.00
Issuance Of Debt
492.00
-72.20%
1,770.00
-10.74%
1,983.00
+1033.14%
175.00
Repayment Of Debt
-1,556.00
+26.01%
-2,103.00
-22.48%
-1,717.00
-209.93%
-554.00
Long Term Debt Issuance
492.00
-72.20%
1,770.00
-10.74%
1,983.00
+1033.14%
175.00
Long Term Debt Payments
-1,556.00
+26.01%
-2,103.00
-22.48%
-1,717.00
-209.93%
-554.00
Net Long Term Debt Issuance
-1,064.00
-219.52%
-333.00
-225.19%
266.00
+170.18%
-379.00
Net Common Stock Issuance
421.00
0.00
0.00
-100.00%
263.00
Proceeds From Stock Option Exercised
—
0.00
0.00
-100.00%
12.00
Net Other Financing Charges
-17.00
+0.00%
-17.00
-466.67%
-3.00
+62.50%
-8.00
Changes In Cash
56.00
+203.70%
-54.00
-1450.00%
4.00
+100.95%
-421.00
Beginning Cash Position
941.00
-5.43%
995.00
+0.40%
991.00
-29.82%
1,412.00
End Cash Position
997.00
+5.95%
941.00
-5.43%
995.00
+0.40%
991.00
Free Cash Flow
626.00
+224.35%
193.00
+173.38%
-263.00
+2.23%
-269.00
Common Stock Issuance
421.00
0.00
0.00
-100.00%
263.00
Issuance Of Capital Stock
421.00
0.00
0.00
-100.00%
263.00
Sale Of Business
6.00
+20.00%
5.00
-28.57%
7.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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