Seadrill (SDRL) Gross Margin (2018 - 2026)

Seadrill (SDRL) posted Gross Margin of 49.44% for Q1 2026, up 1.69% sequentially from 48.62% in Q4 2025, and up 287.0% YoY from 12.78% in Q1 2025.

Seadrill (SDRL) Gross Margin (2018 - 2026) Analysis & Trends

Seadrill has reported Gross Margin for 9 years, with the latest figure at 49.44% in Q1 2026.

Quarterly Gross Margin rose 287.0% year-over-year to 49.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 49.45% (down 29.0% YoY) and the FY2025 annual result came in at 48.78%, down 205.0% from the prior year.
Gross Margin grew to 49.44% in Q1 2026 per SDRL's latest filing, from 48.62% in the prior quarter.
Over five years, Gross Margin peaked at 56.0% in Q2 2024 and troughed at 43.25% in Q4 2024.
A 5-year average of 49.75% and a median of 49.44% in 2026 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2025: Gross Margin surged 1793 bps in 2022, then tumbled 439 bps in 2025.
Over 5 years, Gross Margin stood at 46.24% in 2022, then rose by 19 bps to 55.07% in 2023, then decreased by 21 bps to 43.25% in 2024, then grew by 12 bps to 48.62% in 2025, then advanced by 2 bps to 49.44% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 49.44%, 48.62%, and 47.38% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Noble	7.45 Bn	6.99 Bn	273.38 Mn	37.99%
2	Transocean	6.66 Bn	5.87 Bn	358.00 Mn	37.06%
3	Patterson Uti Energy	4.67 Bn	4.47 Bn	597.25 Mn	48.64%
4	Helmerich & Payne	4.37 Bn	4.13 Bn	349.94 Mn	33.82%
5	Seadrill	2.95 Bn	2.59 Bn	234.00 Mn	52.12%
6	Borr Drilling	1.38 Bn	1.16 Bn	-	-
7	Nabors Industries	1.31 Bn	797.62 Mn	309.38 Mn	37.87%
8	Precision Drilling	1.18 Bn	1.13 Bn	89.29 Mn	27.28%
9	Valaris	827.45 Mn	286.25 Mn	123.70 Mn	22.94%
10	Sable Offshore	771.19 Mn	749.59 Mn	-	-

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