Seadrill (SDRL) Gross Margin (2024 - 2026)
Seadrill's (SDRL) quarterly Gross Margin came in at 49.44% in Q1 2026, up 2162.0% year-on-year from 2.19% in Q1 2025, and down 72.41% quarter-over-quarter from 179.23% in Q4 2025.
Seadrill (SDRL) Gross Margin (2024 - 2026) Analysis & Trends
Seadrill has disclosed Gross Margin across 3 years of filings, most recently posting 49.44% for Q1 2026.
- Gross Margin for Q1 2026 came in at 49.44%, up 2162.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 106.38% (up 2310.0% YoY), and the FY2025 annual result was 95.96%, up 87.0% from the prior year.
- Gross Margin came in at 49.44% for Q1 2026 at Seadrill, down from 179.23% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 179.23% in Q4 2025 to a low of 27.82% in Q1 2025.
- The 3-year median for Gross Margin is 92.78% (2024), against an average of 86.22%.
- Peak annual rise in Gross Margin reached 8181 bps in 2025, while the deepest fall reached 6490 bps in 2025.
- Seadrill's Gross Margin stood at 97.41% in 2024, then soared by 84 bps to 179.23% in 2025, then slumped by 72 bps to 49.44% in 2026.
- The last three Gross Margin figures came in at 49.44% (Q1 2026), 179.23% (Q4 2025), and 47.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -5,252.71% |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 37.02% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 19.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.44% |
| Dec 31, 2025 | 179.23% |
| Sep 30, 2025 | 47.38% |
| Jun 30, 2025 | 94.44% |
| Mar 31, 2025 | 27.82% |
| Dec 31, 2024 | 97.41% |
| Sep 30, 2024 | 92.78% |
| Jun 30, 2024 | 94.76% |
| Mar 31, 2024 | 92.73% |