Seadrill (SDRL) Cost of Revenue (2018 - 2026)
Seadrill (SDRL) posted Cost of Revenue of $181.0 million for Q1 2026, down 2.69% sequentially from $186.0 million in Q4 2025, and up 1.12% YoY from $179.0 million in Q1 2025.
Seadrill (SDRL) Cost of Revenue (2018 - 2026) Analysis & Trends
Seadrill has reported Cost of Revenue for 9 years, with the latest figure at $181.0 million in Q1 2026.
- Quarterly Cost of Revenue rose 1.12% year-over-year to $181.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $738.0 million (up 8.53% YoY) and the FY2025 annual result came in at $736.0 million, up 8.08% from the prior year.
- Cost of Revenue fell to $181.0 million in Q1 2026 per SDRL's latest filing, from $186.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $191.0 million in Q3 2025 and troughed at $164.0 million in Q4 2024.
- A 5-year average of $179.1 million and a median of $180.0 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue advanced 18.47% in 2022, then dropped 11.29% in 2024.
- Over 5 years, Cost of Revenue stood at $186.0 million in 2022, then changed by 0.0% to $186.0 million in 2023, then retreated by 11.83% to $164.0 million in 2024, then climbed by 13.41% to $186.0 million in 2025, then dropped by 2.69% to $181.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $181.0 million, $186.0 million, and $191.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 446.31 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 608.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | 630.72 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 684.91 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 215.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 507.55 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 238.05 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 415.50 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 215.00 Mn |
| Jun 30, 2026 | 215.00 Mn |
| Mar 31, 2026 | 181.00 Mn |
| Mar 31, 2026 | 181.00 Mn |
| Dec 31, 2025 | 186.00 Mn |
| Dec 31, 2025 | 186.00 Mn |
| Sep 30, 2025 | 191.00 Mn |
| Sep 30, 2025 | 191.00 Mn |
| Jun 30, 2025 | 180.00 Mn |
| Jun 30, 2025 | 180.00 Mn |
| Mar 31, 2025 | 179.00 Mn |
| Mar 31, 2025 | 179.00 Mn |
| Dec 31, 2024 | 164.00 Mn |
| Dec 31, 2024 | 164.00 Mn |
| Sep 30, 2024 | 172.00 Mn |
| Sep 30, 2024 | 172.00 Mn |
| Jun 30, 2024 | 165.00 Mn |
| Jun 30, 2024 | 165.00 Mn |
| Mar 31, 2024 | 180.00 Mn |
| Mar 31, 2024 | 180.00 Mn |