Transocean Ltd (Switzerland) (RIG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Transocean Ltd (Switzerland)

NYSE•Energy•Oil & Gas Drilling

$5.54-0.40(-0.07%)Pre-market

Market Cap

$6.32B

P/S

1.5x

P/B

0.8x

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Zug, Switzerland.

How this company scores

AverageMetricSide Score: 52/100

Strongest: Cash & Earnings Quality (22/25); weakest: Profitability (2/25).

Profitability2/25

Growth12/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.5x5y range 0.6x – 2.4x

Currently above its 19-quarter median.

P/B · 0.8x5y range 0.2x – 0.9x

Currently above its 19-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $6.32B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.12B
Q. Revenue: $966.00M
TTM EBITDA: $-399.00M
TTM Op. Income: $-998.00M
Q. Op. Income: $152.00M
TTM Net Income: $-1.66B
Q. Net Income: $170.00M
EPS: $0.15
Shares Out.: $1.12B

$4.12B in TTM revenue grew 8.5% YoY, reaching $966.00M last quarter. TTM EBITDA of $-399.00M and TTM operating income of $-998.00M show growth is flowing through to the bottom line. However, net income is negative at $1.66B — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 9% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 37.1%
EBITDA Margin: 31.1%
Op. Margin: 15.7%
Net Margin: 17.6%

Op. margin of 15.7% is up 113.3% YoY — cost efficiency is improving. Net margin at 17.6% and gross margin of 37.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 116% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.5x
P/B Ratio: 0.8x

P/S of 1.5x and P/B of 0.8x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $15.17B
Cash: $509.00M
Long-Term Debt: $4.72B
Book Value: $8.37B
D/E Ratio: 0.6
Debt/EBITDA: 15.7

With $15.17B in assets and $4.72B in long-term debt, D/E is 0.6and book value is $8.37B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $236.00M
TTM Free Cash Flow: $904.00M
FCF Margin: 22.0%
FCF / Net Income: -0.5

TTM FCF of $904.00M on $236.00M in operating cash flow. The FCF / Net Income ratio of -0.5x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.