# Transocean Ltd. share price today (Transocean Ltd., RIG)

> Transocean Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RIG · Energy · Oil & Gas Drilling · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/rig

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## Key numbers

- Price: $5.90 (+53.6% in a year)
- P/E: 22.5×, against its own history
- Revenue (Jun 2026): $966 M (−2.2% on a year ago)
- Profit (Jun 2026): $170 M
- Operating margin: 17.4% (+0.7 points on a year ago)
- ROE: −36%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Transocean Ltd. share price today? Transocean Ltd.'s share price was $5.90 at the close on 3 November 2026. It has been rising for 3 weeks. That is 0.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $4 and $7, and at that close it sat 64% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 5 weeks in a row. Over the last 10 years the share price moved −51% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Transocean Ltd. pay? Transocean Ltd. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Transocean Ltd. on? Transocean Ltd. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Transocean Ltd. profitable? Transocean Ltd. earned $170 M of net profit in the Jun 2026 quarter. The full FY25 year was a loss of $2.9 B. That is 17.6% of the quarter's revenue. The same quarter a year earlier lost $938 M. 7 of the last 12 reported quarters were loss-making. ## How much revenue does Transocean Ltd. make, and is it growing? Transocean Ltd. reported $966 M of revenue in the Jun 2026 quarter, −2.2% on the same quarter a year earlier. Over 4 years it has grown 11.6% a year on average. The last full year, FY25, came in at $4.0 B. The last four reported quarters add to $4.1 B. FY25 revenue was $4.0 B, +12.5% on the year before. Recent pace: the last four quarters grew +8.8% on average, against 11.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +8.5%, against +15.7% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Transocean Ltd. keep? Transocean Ltd.'s operating margin was 17.4% in the Jun 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −2.3% and 17.8%. The latest quarter is within that range. Across 5 years it has been between −2.3% and 17.8%, and FY25's 17.8% is the highest of them. Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed −2.3 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Transocean Ltd.'s profit turning into cash? Transocean Ltd.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $749 M of operating cash against −$2.9 B of profit. After $123 M of spending on assets, $626 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Transocean Ltd.'s cash go? Transocean Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $804 M on assets over the last 3 years. Averaged over those years that is 6.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $804 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Transocean Ltd.'s P/E ratio, and how does it compare with its own history? Transocean Ltd.'s P/E is 22.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Transocean Ltd. business getting better or worse? Transocean Ltd.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Transocean Ltd. earn on its capital? Transocean Ltd. earned a ROE of −36% in FY25. Its return on capital used (ROIC) is 4.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −73.5% net margin and 0.25× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −73.5% net margin × 0.25× asset turnover × 1.93× leverage (assets divided by equity) ≈ −35.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 6.3% − 10.7% = −4.4 percentage points. The 10.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 6.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 4.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Transocean Ltd. have too much debt? Transocean Ltd. has total debt of $5.1 B against shareholder equity of $8.4 B as of Jun 2026, so its debt is 0.61× its equity. Year by year, that ratio went from 0.69 in FY21 to 0.74 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Transocean Ltd. shareholding pattern? 33.9% of Transocean Ltd.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 7.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Transocean Ltd. from balance-sheet trouble? For Transocean Ltd., the Z-score is 0.37. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.37 is inside the danger zone, so the balance sheet is a real risk. ## How does Transocean Ltd. rank in its industry? 61.0 out of 100, rank 2 of 10 in Oil & Gas Drilling, with 67% of the evidence available. Transocean Ltd. scores 61.0 out of 100 against the 10 companies it is compared with in Oil & Gas Drilling, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.3 + 14.3 + 10.8 + 13.6 = 61. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Transocean Ltd. compared with? Transocean Ltd. ranks 2 of 10 Oil & Gas Drilling companies on the 4-Factor Sector Score, with 61.0 out of 100. 1. [Seadrill Limited](https://www.sectoralpha.in/us/stocks/sdrl) SDRL · breaking out · Evidence leans up · 77% evidence 63.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.1/35 · Revenue 14.5% · Profit -98.7% · Operating margin change 15 points · 71% evidence Capital efficiency 10.3/25 · ROCE 3.8% · Operating margin 16.7% · 76% evidence Valuation 13.5/20 · P/E 2364.9× · PEG 0.1 · 65% evidence Relative strength 14.5/20 · Lead over its industry 9.7% · Lead over S&P 500 3.4% · 1 year 62.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 25.1 + 10.3 + 13.5 + 14.5 = 63.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Transocean Ltd. this page RIG · breaking out · Evidence leans up · 67% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 8.5% · Profit n/a · Operating margin change 0.7 points · 71% evidence Capital efficiency 14.3/25 · ROCE 6.7% · Operating margin 17.4% · 76% evidence Valuation 10.8/20 · P/E -3.3× · PEG n/a · 15% evidence Relative strength 13.6/20 · Lead over its industry 7.7% · Lead over S&P 500 1% · 1 year 48.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 22.3 + 14.3 + 10.8 + 13.6 = 61 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Valaris Limited](https://www.sectoralpha.in/us/stocks/val) VAL · breaking out · Evidence leans up · 75% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue -13.2% · Profit 100% · Operating margin change -17 points · 95% evidence Capital efficiency 12.1/25 · ROCE 5.6% · Operating margin 9.8% · 76% evidence Valuation 9.8/20 · P/E 5.4× · PEG n/a · 15% evidence Relative strength 17.5/20 · Lead over its industry 14.7% · Lead over S&P 500 6.7% · 1 year 65.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 12.1 + 12.1 + 9.8 + 17.5 = 51.5 · What this means: Relative strength against the index is 6.7%, and revenue and profit growth are weak. 4. [Precision Drilling Corporation](https://www.sectoralpha.in/us/stocks/pds) PDS · turning · Evidence leans down · 75% evidence 49.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.2/35 · Revenue 3.9% · Profit -131.4% · Operating margin change -5 points · 95% evidence Capital efficiency 9.3/25 · ROCE 5.4% · Operating margin 3.2% · 76% evidence Valuation 11.5/20 · P/E -115.9× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 15.7% · Lead over S&P 500 9.1% · 1 year 66.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 9.2 + 9.3 + 11.5 + 19 = 49 · What this means: Relative strength against the index is 9.1%, and revenue and profit growth are weak. 5. [Patterson-UTI Energy, Inc.](https://www.sectoralpha.in/us/stocks/pten) PTEN · breaking out · Evidence leans down · 67% evidence 48.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.0/35 · Revenue -6.9% · Profit n/a · Operating margin change -0.6 points · 71% evidence Capital efficiency 5.2/25 · ROCE -1.7% · Operating margin -0.5% · 76% evidence Valuation 10.5/20 · P/E -3.1× · PEG n/a · 15% evidence Relative strength 19.1/20 · Lead over its industry 23.4% · Lead over S&P 500 15.1% · 1 year 93.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 14 + 5.2 + 10.5 + 19.1 = 48.8 · What this means: Relative strength against the index is 15.1%, and revenue and profit growth are weak. 6. [Helmerich & Payne, Inc.](https://www.sectoralpha.in/us/stocks/hp) HP · losing its lead · Evidence leans down · 67% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue 16.6% · Profit n/a · Operating margin change 0 points · 71% evidence Capital efficiency 8.0/25 · ROCE 1.9% · Operating margin 5.1% · 76% evidence Valuation 11.2/20 · P/E -23.5× · PEG n/a · 15% evidence Relative strength 9.0/20 · Lead over its industry 6.6% · Lead over S&P 500 1.2% · 1 year 44.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 19 + 8 + 11.2 + 9 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Nabors Industries Ltd.](https://www.sectoralpha.in/us/stocks/nbr) NBR · turning · Evidence leans down · 67% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 6.1% · Profit n/a · Operating margin change -1.3 points · 71% evidence Capital efficiency 11.7/25 · ROCE 6.6% · Operating margin 7.5% · 76% evidence Valuation 10.2/20 · P/E 3.2× · PEG n/a · 15% evidence Relative strength 5.8/20 · Lead over its industry 5.2% · Lead over S&P 500 -1.5% · 1 year 57.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 11.7 + 10.2 + 5.8 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Noble Corporation plc](https://www.sectoralpha.in/us/stocks/ne) NE · breaking out · Evidence leans down · 85% evidence 41.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.2/35 · Revenue -12.3% · Profit -51.5% · Operating margin change -6 points · 95% evidence Capital efficiency 13.7/25 · ROCE 5.9% · Operating margin 10.7% · 76% evidence Valuation 9.6/20 · P/E 34.2× · PEG 1.54 · 65% evidence Relative strength 12.0/20 · Lead over its industry 6.8% · Lead over S&P 500 0% · 1 year 50.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 6.2 + 13.7 + 9.6 + 12 = 41.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Borr Drilling Limited](https://www.sectoralpha.in/us/stocks/borr) BORR · quiet · Most evidence points down · 75% evidence 25.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.0/35 · Revenue 2.5% · Profit -550% · Operating margin change -35.9 points · 95% evidence Capital efficiency 10.2/25 · ROCE 6.1% · Operating margin 0.1% · 76% evidence Valuation 9.5/20 · P/E 10.6× · PEG n/a · 15% evidence Relative strength 1.4/20 · Lead over its industry -24.8% · Lead over S&P 500 -29.5% · 1 year 8.8% · 100% evidence · 2 of 12 weeks ahead Exact sum: 4 + 10.2 + 9.5 + 1.4 = 25.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. Sable Offshore Corp. SOC · quiet · Too little evidence to rank firmly · 45% evidence 32.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 8% evidence Capital efficiency 3.0/25 · ROCE -30.1% · Operating margin -48.8% · 76% evidence Valuation 9.2/20 · P/E 18.8× · PEG n/a · 15% evidence Relative strength 1.7/20 · Lead over its industry -69.7% · Lead over S&P 500 -72.6% · 1 year -53.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.2 + 3 + 9.2 + 1.7 = 32.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil & Gas Drilling](https://www.sectoralpha.in/us/sectors/oil-gas-drilling), all 10 compared on one page. ## Which companies are close to Transocean Ltd. in size? Transocean Ltd. is the 2nd largest of 9 Oil & Gas Drilling companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Noble Corporation plc. Just below it: Valaris, Patterson-UTI Energy, Inc., Helmerich & Payne, Inc., Seadrill and Precision Drilling Corporation. ### Oil & Gas Drilling companies close in size

1. [Noble Corporation plc](https://www.sectoralpha.in/us/stocks/ne) $7 billion
2. Transocean Ltd. $6.6 billion
3. [Valaris Limited](https://www.sectoralpha.in/us/stocks/val) $6.2 billion
4. [Patterson-UTI Energy, Inc.](https://www.sectoralpha.in/us/stocks/pten) $4.5 billion
5. [Helmerich & Payne, Inc.](https://www.sectoralpha.in/us/stocks/hp) $3.8 billion
6. [Seadrill Limited](https://www.sectoralpha.in/us/stocks/sdrl) $2.9 billion
7. [Precision Drilling Corporation](https://www.sectoralpha.in/us/stocks/pds) $1.2 billion

[All 9 Oil & Gas Drilling companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-drilling#all-companies)

### Companies close in size in other industries

1. [Clearway Energy, Inc.](https://www.sectoralpha.in/us/stocks/cwen) $7 billion · Utilities - Renewable
2. [NewMarket Corporation](https://www.sectoralpha.in/us/stocks/neu) $7 billion · Specialty Chemicals
3. Transocean Ltd. $7 billion
4. [UiPath, Inc.](https://www.sectoralpha.in/us/stocks/path) $7 billion · Software - Infrastructure
5. [BBB Foods Inc.](https://www.sectoralpha.in/us/stocks/tbbb) $6.9 billion · Discount Stores

## What else do people ask about Transocean Ltd.? ### What were Transocean Ltd. Ltd.'s latest quarterly results? Transocean Ltd. reported revenue of $966 M and net profit of $170 M for the Jun 2026 quarter. Earnings per share were $0.04. The operating margin was 17.4%, 0.7 percentage points higher than a year earlier (as of 3 November 2026). ### What is Transocean Ltd. Ltd.'s market cap? Transocean Ltd.'s market capitalisation is $6.6 B at a stock price of $5.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Transocean Ltd. Ltd. performing? Transocean Ltd.'s share price has been rising for 3 weeks. Over the past 13 weeks it has done better than the S&P 500, for 5 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Transocean Ltd. Ltd.'s stock price go up? This page does not forecast Transocean Ltd.'s stock price. What it shows instead: the stock price is $5.90, and it has been rising for 3 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Transocean Ltd. Ltd. have too much debt? Transocean Ltd. has a moderate amount of debt: its debt is 0.59× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Transocean Ltd. Ltd. in its business cycle? Transocean Ltd.'s FY25 operating margin was 17.8%, against a 5-year range of −2.3% to 17.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 17.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Transocean Ltd. Ltd. story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Transocean Ltd. Ltd. a stock worth studying right now? What the numbers show: Transocean Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.