SDRL vs RIG vs BORR Stock Comparison

Seadrill, Transocean and Borr Drilling Prices as of Oct 26, 2026 Peers: Industry group
SDRL SEADRILL Ltd
$51.92 +14.0% 1M +62.9% 1Y
Market cap
$3.15B
P/E
3,150x
Revenue (TTM)
$1.53B
Div. yield
–
Offshore Drilling Energy
5 wins
RIG Transocean Ltd.
$6.54 +21.3% 1M +67.7% 1Y
Market cap
$7.23B
P/E
–
Revenue (TTM)
$4.12B
Div. yield
–
Offshore Drilling Energy
4 wins
BORR Borr Drilling Ltd
$3.96 -5.7% 1M +31.6% 1Y
Market cap
$1.07B
P/E
–
Revenue (TTM)
$1.02B
Div. yield
0.02%
Offshore Drilling Energy
1 win

Head to Head

10 decided of 12

Seadrill leads on 5 of the 12 questions below (Seadrill 5, Transocean 4, Borr Drilling 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSDRLRIGBORRLeader
Larger companyMarket capitalisation $3.15B $7.23B $1.07B RIG
Cheaper on earningsLower P/E, profitable companies only 3,150x -4.4x -5.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 73.1x 29.7x — RIG
Faster revenue growthRevenue growth, trailing twelve months +13.1% +8.5% +2.7% SDRL
More profitableNet margin, trailing twelve months 0.1% -40.2% -18.3% SDRL
Better return on capitalReturn on invested capital 0.2% -7.4% 0.0% SDRL
Less leveragedLower net debt / EBITDA 1.0x -12.9x 5.7x RIG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +62.9% +67.7% +31.6% RIG
Better 5-year returnAnnualised price return, 5 years — +12.2%/yr +13.8%/yr BORR
Less volatileAnnualised volatility, 1 year 40.9% 48.4% 54.3% SDRL
Higher overall scoreMean of the five percentile scores vs peers 44/100 43/100 32/100 SDRL

Percentile Scorecard

SDRLRIGBORR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSDRLRIGBORR
Valuation 13 #41 of 47 50 #24 of 47 52 #23 of 47
Growth 61 #18 of 44 84 #8 of 44 33 #30 of 44
Profitability 20 #33 of 41 13 #36 of 41 30 #29 of 41
Financial Health 82 #9 of 46 24 #35 of 46 22 #36 of 46
Shareholder Returns – – 23 #25 of 32
Overall 44 43 32
  • SDRL ranked among 48 companies in Oilfield Services and Equipment
  • RIG ranked among 48 companies in Oilfield Services and Equipment
  • BORR ranked among 48 companies in Oilfield Services and Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSDRLRIGBORRSPY
1 month +14.0%+21.3%-5.7% -0.8%
3 months +20.9%+23.9%-3.6% +3.5%
6 months +6.2%+0.3%-31.1% +7.0%
Year to date +50.1%+58.4%-1.7% +12.2%
1 year +62.9%+67.7%+31.6% +13.0%
3 years +30.3%-0.2%-35.6% +86.3%
3 years, per year +9.2%-0.1%-13.7% +23.1%
5 years —+77.7%+90.4% +68.6%
5 years, per year —+12.2%+13.8% +11.0%
10 years —-36.6%— +258.0%
10 years, per year —-4.5%— +13.6%

Risk

MeasureSDRLRIGBORRSPY
Volatility, 1Y 40.9%48.4%54.3% 12.7%
Downside volatility, 1Y 37.7%48.8%54.1% 12.7%
Beta vs S&P 500, 1Y 0.260.410.82 1.00
Return / volatility, 1Y 1.541.400.58 1.02
Max drawdown, 5Y -66.1%-75.8%-81.9% -25.4%
From 52-week high -5.3%-13.7%-40.1% -1.8%
52-week high $54.80$7.58$6.61 $779.14
52-week low $28.40$3.75$2.96 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSDRLRIGBORR
P/E now vs peer median 3,219xmedian 25.5x -4.4xmedian 25.5x -5.6xmedian 25.5x
P/S now vs peer median 2.1xmedian 1.2x 1.8xmedian 1.2x 1.2xmedian 1.2x
EV/EBITDA now vs peer median 9.3xmedian 8.6x -33.5xmedian 8.6x 8.8xmedian 8.6x
P/FCF now vs peer median -24.6xmedian 14.7x 8.1xmedian 14.7x 7.4xmedian 14.7x
P/B now vs peer median 1.1xmedian 1.6x 0.9xmedian 1.6x 1.3xmedian 1.6x
PEG now vs peer median 123.65median 0.41 3.30median 0.41 0.38median 0.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSDRLRIGBORR
Revenue $1.53B $4.12B $1.02B
Gross profit $703.00M $1.72B –
Operating income $119.00M -$998.00M $211.70M
Net income $1.00M -$1.66B -$243.60M
Free cash flow -$132.00M $904.00M $164.00M
EPS (diluted) $0.02 $-1.38 $-0.70
Cash & equivalents $337.00M $509.00M $223.60M
Total debt $737.00M $5.12B $2.49B
Shares (diluted) 65.00M 1.20B 264.55M
Enterprise value $1.77B $4.94B -$5.46M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSDRLRIGBORR
P/E 3,219x -4.4x -5.6x
P/FCF -24.6x 8.1x 7.4x
P/Operating cash flow -62.4x 7.3x 9.1x
P/S 2.1x 1.8x 1.2x
P/B 1.1x 0.9x 1.3x
P/Tangible book 1.1x 0.9x 1.3x
EV/EBITDA 9.3x -33.5x 8.8x
EV/EBIT 30.6x -11.9x 16.4x
EV/Revenue 2.4x 2.9x 3.4x
EV/FCF -27.6x 13.2x 21.2x
EV/Operating cash flow -70.1x 12.0x 26.1x
PEG (3Y EPS CAGR) 123.65 3.30 0.38

Growth

14 metrics
MetricSDRLRIGBORR
Revenue growth (1Y) 13.1% 8.5% 2.7%
Revenue CAGR (3Y) 6.8% 15.5% 18.1%
Gross profit growth (1Y) 18.2% 19.5% –
Gross profit CAGR (3Y) 17.8% 21.8% –
Operating income growth (1Y) 75.0% 20.5% -38.0%
Operating income CAGR (3Y) 38.4% -68.7% 15.0%
Net income growth (1Y) -98.7% -10.2% -549.4%
Net income CAGR (3Y) 26.0% -18.0% -43.3%
EPS growth (1Y) -98.7% 29.8% -429.4%
EPS CAGR (3Y) 26.0% -1.3% -14.8%
Operating cash flow growth (1Y) -44.4% 79.6% -27.0%
Operating cash flow CAGR (3Y) – 24.3% 18.6%
Free cash flow growth (1Y) 32.3% 136.0% -68.1%
Free cash flow CAGR (3Y) – 105.6% 43.2%

Profitability

14 metrics
MetricSDRLRIGBORR
Gross margin 45.9% 41.6% –
EBITDA margin 25.6% -8.6% 39.0%
Operating margin 7.8% -24.2% 20.8%
Pretax margin 1.2% -39.2% 0.5%
Net margin 0.1% -40.2% -18.3%
FCF margin -8.6% 22.0% 16.1%
Operating cash flow margin -3.4% 24.2% 13.1%
Return on equity 0.0% -20.0% -11.4%
Return on assets 0.0% -10.9% -3.3%
Return on invested capital 0.2% -7.4% 0.0%
Return on capital employed 3.2% -7.2% 6.0%
Asset turnover 0.4x 0.3x 0.3x
Cash conversion (OCF / net income) -52.0x -0.6x -0.5x
Stock comp / revenue 1.1% 0.8% 1.0%

Financial Health

11 metrics
MetricSDRLRIGBORR
Debt / assets 17.9% 33.8% 67.2%
Debt / equity 0.3x 0.6x 2.6x
Net debt / EBITDA 1.0x -12.9x 5.7x
Debt / FCF -5.6x 5.7x 15.2x
Liabilities / assets 30.2% 44.8% 74.0%
Equity / assets 69.8% 55.2% 26.0%
Interest coverage 1.9x -1.7x 1.1x
Current ratio 2.5x 1.6x 2.5x
Quick ratio 1.8x 0.9x 2.2x
Cash ratio 0.9x 0.4x 0.9x
Altman Z-score 2.50 0.09 0.28

Shareholder Returns

7 metrics
MetricSDRLRIGBORR
Dividend yield – – 0.0%
Net buyback yield – – -0.4%
Shareholder yield – 0.0% -0.4%
Payout ratio (earnings) – – -9.8%
Payout ratio (FCF) – – 14.6%
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSDRLRIGBORR
Forward P/E 73.1xFY2026 29.7xFY2026 –
EPS, next fiscal year $0.71FY2026 $0.22FY2026 $-0.71FY2026
EPS growth, next FY – +450.0%FY2026 -517.6%FY2026
EPS growth, the year after +402.8% +36.4% –
Revenue, next fiscal year $1.51BFY2026 $4.04BFY2026 $1.01BFY2026
Revenue growth, next FY +4.7%FY2026 +2.1%FY2026 -0.7%FY2026
Revenue growth, the year after +20.0% -5.7% +6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSDRLRIGBORR
Held by institutions 97.4% 89.1% 43.2%
Institutions holding 239 535 190
Change in shares held, QoQ -4.0% +10.0% +2.4%
Institutions buying 140 273 95
Institutions selling 60 151 66
Buyers to sellers 2.33 1.81 1.44

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SDRLRIGBORR
SDRL 1.00 0.70 0.58
RIG 0.70 1.00 0.59
BORR 0.58 0.59 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SDRL, RIG and BORR?

Transocean (RIG) is the largest by market capitalisation: Seadrill (SDRL) $3.15B, Transocean (RIG) $7.23B, Borr Drilling (BORR) $1.07B.

Which company is growing faster?

Seadrill (SDRL) grew revenue fastest over the trailing twelve months: Seadrill (SDRL) +13.1%, Transocean (RIG) +8.5%, Borr Drilling (BORR) +2.7%.

Which company is more profitable?

Seadrill (SDRL) has the highest net margin (Seadrill (SDRL) 0.1%, Transocean (RIG) -40.2%, Borr Drilling (BORR) -18.3%). On return on invested capital, Seadrill (SDRL) leads (Seadrill (SDRL) 0.2%, Transocean (RIG) -7.4%, Borr Drilling (BORR) 0.0%).

Which stock has performed better?

Over the past year Transocean (RIG) returned the most: Seadrill (SDRL) +62.9%, Transocean (RIG) +67.7%, Borr Drilling (BORR) +31.6%. Over five years, Borr Drilling (BORR) compounded fastest (Transocean (RIG) +12.2%/yr, Borr Drilling (BORR) +13.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Seadrill (SDRL) 0.00%, Transocean (RIG) 0.00%, Borr Drilling (BORR) 0.02%. Seadrill (SDRL) and Transocean (RIG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Seadrill (SDRL) has been the steadiest (Seadrill (SDRL) 40.9%, Transocean (RIG) 48.4%, Borr Drilling (BORR) 54.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SDRL, RIG and BORR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Seadrill (SDRL) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.