SDRLSEADRILL Ltd
Drilling Oil & Gas Wells
- Revenue
- $1.1B
- 7.9% YoY
- Operating margin
- 4.3%
- 89% YoY
- EBITDA
- $285M
- 51% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.4×
- $400M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $663M | $1.2B | $1.0B | $1.1B | 7.9% |
| Operating income | −$156M | $329M | $412M | $47M | 89% |
| Net income | −$587M | $300M | $446M | −$77M | 117% |
| Operating cash flow | −$154M | $287M | $88M | −$28M | 132% |
| Capex | $84M | — | — | — | |
| Stock-based comp | $0 | $8M | $17M | $20M | 18% |
| Buybacks | $0 | $263M | $532M | $0 | 100% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $2M | 131 | 118 |
| FY2024 | $8M | $3M | 147 | 114 |
| FY2023 | $13M | $15M | 178 | 129 |
| FY2022 | $6M | $5M | 123 | 126 |