Transocean/$RIG
1D1W1MYTD1Y5YMAX
Capital at risk
About Transocean
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The company provides mobile offshore drilling rigs, related equipment, and crews to support the drilling of oil and gas wells. Its fleet mainly consists of offshore rigs, including drillships, semisubmersibles, and jackups.
- Ticker
- $RIG
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 5,220
- Headquarters
- Zug, Switzerland
- Website
- www.deepwater.com
Transocean Metrics
BasicAdvanced
$6.3B
-
-$1.55
1.33
-
Price and volume
Market cap
$6.3B
Beta
1.33
52-week high
$7.66
52-week low
$3.03
Average daily volume
43M
Financial strength
Current ratio
1.589
Quick ratio
0.925
Long term debt to equity
0.564
Total debt to equity
0.612
Interest coverage (TTM)
1.57%
Profitability
EBITDA (TTM)
1,535
Gross margin (TTM)
41.65%
Net profit margin (TTM)
-40.24%
Operating margin (TTM)
22.73%
Effective tax rate (TTM)
-2.66%
Revenue per employee (TTM)
$790,000
Management effectiveness
Return on assets (TTM)
3.47%
Return on equity (TTM)
-18.70%
Valuation
Price to revenue (TTM)
1.478
Price to book
0.76
Price to tangible book (TTM)
0.76
Price to free cash flow (TTM)
6.731
Free cash flow yield (TTM)
14.86%
Free cash flow per share (TTM)
0.841
Growth
Revenue change (TTM)
8.54%
Earnings per share change (TTM)
-19.38%
3-year revenue growth (CAGR)
15.47%
10-year revenue growth (CAGR)
-2.50%
3-year earnings per share growth (CAGR)
4.01%
10-year earnings per share growth (CAGR)
-8.09%
What the Analysts think about Transocean
Analyst ratings (Buy, Hold, Sell) for Transocean stock.
Analyst projections of the future price of Transocean stock.
Bulls say / Bears say
Transocean added five firm fixtures worth about $292m at an average dayrate of roughly $461,000, lifting reported backlog to approximately $6.7bn. A further $1bn Equinor agreement, once approved, would add seven rig years of work. (Transocean, Transocean)
The company is securing premium work for its high-specification fleet across Norway, Australia, the Gulf of Mexico and West Africa. The Equinor contracts carry base rates of about $399,000 a day before escalation, supporting management's view that deepwater and harsh-environment utilisation can move well into the 90% range in 2027. (Markets Insider, Transocean)
Second-quarter operating cash flow was $236m and free cash flow was $212m, while total liquidity exceeded $1.3bn. Debt principal was reduced to $5.11bn from $6.65bn a year earlier, giving Transocean more room to keep deleveraging and absorb the cycle. (Transocean, Transocean)
Fleet utilisation fell to 78.2% in the second quarter from 86.7% in the first, while ultra-deepwater utilisation dropped to 72.6%. Third-quarter revenue guidance of $920m-$960m is below second-quarter revenue, pointing to near-term operating pressure. (TradingKey, Transocean)
Transocean still carries $5.11bn of debt principal and $4.31bn of net debt, with net debt at 2.8 times trailing EBITDA. Quarterly interest expense of $114m leaves less cash for debt reduction, fleet investment or shareholder returns. (Transocean, EXA)
The proposed $1bn Equinor programme is excluded from reported backlog until license-partner approvals are received. Any delay would reduce the near-term visibility implied by management's utilisation outlook and could leave rigs exposed to idle time or mobilisation delays. (Transocean, Markets Insider)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
Transocean Financial Performance
Revenues and expenses
Transocean Earnings Performance
Company profitability
Upcoming events
No upcoming events
Transocean News
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Funds containing Transocean
AllEURGBPUSD
Fund name | Fund size | $RIG weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.18% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.18% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.18% |
iShares MSCI World Small Cap$WSML | $9B | 0.05% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.05% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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