Transocean Ltd RIG Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$5.62 up $0.11, 2.00% at close Oct 16
Last close · Previous close $5.51
- Market cap
- $6.27BAt the Oct 16 close
- P/E ratio
- n/mLoss over last 12 months
- Diluted EPS
- −$1.71Last 12 months
- Dividend yield
- NoneLast 12 months
Price chart
$5.62up $0.11, 2.00%Fri, Oct 16 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$5.51Oct 15
- Volume51.10MOct 16 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume39.63MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $3.22 to $7.66; now $5.62
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
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Performance
Past performance, measured to the Oct 16 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
RIG beat the S&P 500 in 3 of 7 periods.
| Period | RIG and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | RIG: up 1.4% S&P 500: up 1.5% | RIG trailed the S&P 500 by 0.1 percentage points Trailed |
| 3M | RIG: up 9.8% S&P 500: up 1.9% | RIG beat the S&P 500 by 7.9 percentage points Beat |
| YTD | RIG: up 36.1% S&P 500: up 12.8% | RIG beat the S&P 500 by 23.3 percentage points Beat |
| 1Y | RIG: up 74.0% S&P 500: up 16.8% | RIG beat the S&P 500 by 57.2 percentage points Beat |
| Long term | ||
| 3Y | RIG: down 25.2% S&P 500: up 81.5% −9.2% vs +22.0% a year | RIG trailed the S&P 500 by 106.7 percentage points Trailed |
| 5Y | RIG: up 40.1% S&P 500: up 83.1% +7.0% vs +12.9% a year | RIG trailed the S&P 500 by 43.0 percentage points Trailed |
| 10Y | RIG: down 42.1% S&P 500: up 319.6% −5.3% vs +15.4% a year | RIG trailed the S&P 500 by 361.7 percentage points Trailed |
$10,000 invested in RIG 10 years ago (Oct 14, 2016) would be worth about $5,794 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,964.
RIG beat the S&P 500 in 4 of 7 periods.
| Period | RIG and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | RIG: up 1.4% S&P 500: up 1.2% | RIG beat the S&P 500 by 0.2 percentage points Beat |
| 3M | RIG: up 9.8% S&P 500: up 1.7% | RIG beat the S&P 500 by 8.1 percentage points Beat |
| YTD | RIG: up 36.1% S&P 500: up 11.9% | RIG beat the S&P 500 by 24.2 percentage points Beat |
| 1Y | RIG: up 74.0% S&P 500: up 15.5% | RIG beat the S&P 500 by 58.5 percentage points Beat |
| Long term | ||
| 3Y | RIG: down 25.2% S&P 500: up 75.0% −9.2% vs +20.5% a year | RIG trailed the S&P 500 by 100.2 percentage points Trailed |
| 5Y | RIG: up 40.1% S&P 500: up 71.2% +7.0% vs +11.4% a year | RIG trailed the S&P 500 by 31.1 percentage points Trailed |
| 10Y | RIG: down 42.1% S&P 500: up 258.1% −5.3% vs +13.6% a year | RIG trailed the S&P 500 by 300.2 percentage points Trailed |
$10,000 invested in RIG 10 years ago (Oct 14, 2016) would be worth about $5,794 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,813.
All-time high
$161.40
Closing high on . Now 96.5% below that record.
Split-adjusted daily closes since May 28, 1993.
Stock splits
1
2-for-1 on . One share bought before the first split is 2 shares today.
Valuation
The Oct 16 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
n/mDiluted EPS of −$1.71 over the last 12 months
A P/E ratio isn’t meaningful while earnings over the last 12 months are negative. How to read P/E
Other valuation measures
- 1.5×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 0.7×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 14.41%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $10.60BAt the Oct 16 close
What it would cost to buy the whole business: the market cap at the Oct 16 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own RIG DCF in Excel. Value Transocean with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q2 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $4.12Bup 8.5%
- Net income
- −$1.66B
- Diluted EPS
- −$1.71
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q3 FY24 (Sep 30, 2024) | $948.00M | −$494.00M | −$0.58 |
| Q4 FY24 (Dec 31, 2024) | $952.00M | $7.00M | −$0.11 |
| Q1 FY25 (Mar 31, 2025) | $906.00M | −$79.00M | −$0.11 |
| Q2 FY25 (Jun 30, 2025) | $988.00M | −$938.00M | −$1.06 |
| Q3 FY25 (Sep 30, 2025) | $1.03B | −$1.92B | −$2.00 |
| Q4 FY25 (Dec 31, 2025) | $1.04B | $25.00M | $0.19 |
| Q1 FY26 (Mar 31, 2026) | $1.08B | $71.00M | $0.06 |
| Q2 FY26 (Jun 30, 2026) | $966.00M | $170.00M | $0.04 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $2.56B | −$592.00M | −$0.93 |
| FY22 (Dec 31, 2022) | $2.58B | −$621.00M | −$0.89 |
| FY23 (Dec 31, 2023) | $2.83B | −$954.00M | −$1.24 |
| FY24 (Dec 31, 2024) | $3.52B | −$512.00M | −$0.76 |
| FY25 (Dec 31, 2025) | $3.97B | −$2.92B | −$3.04 |
Margins
- Gross 41.6%
- Operating −24.2%
- Net −40.2%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $904.00MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$995.00MLast 12 months
- Capital spending$91.00MLast 12 months
- 22.0%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $421.00MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$0.00Last 12 months
- Total returned$0.00Last 12 months
0% of free cash flow
Balance sheet
- $795.00MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$5.12BAs of Jun 30, 2026
- Net debt$4.32BAs of Jun 30, 2026
- 1.59As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.61As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 6 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✗Net income was positive: not passed
- ✓Operating cash flow was positive: passed
- ✗Return on assets improved: not passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✓Current ratio improved: passed
- ✗Share count didn’t rise: not passed
- ✓Gross margin improved: passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- −20.2%Last 12 months
Over the last 12 months, Transocean lost money: its net loss was 20.2% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - −10.7%Last 12 months
Over the last 12 months, Transocean’s net loss was 10.7% of its total assets (averaged over the last four quarter-ends).
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.000 |
| 2017 | $0.000 |
| 2018 | $0.000 |
| 2019 | $0.000 |
| 2020 | $0.000 |
| 2021 | $0.000 |
| 2022 | $0.000 |
| 2023 | $0.000 |
| 2024 | $0.000 |
| 2025 | $0.000 |
| 2026 (to date) | $0.000 |
Dividend details
- $0.00Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 0.00%; 5-yr low 1.70%, 5-yr high 6.36%Last 12 months
Dividends paid over the last 12 months as a share of the Oct 16 close. The bar shows where that yield sits in its range over the past five years; the median was 3.69%.
- $0.15Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
About Transocean Ltd
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Headquarters
- Switzerland
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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RIG stock FAQ
What is RIG stock’s price today?
Transocean (RIG) traded at $5.62 at the close on , up $0.11 (2.00%) from the previous close of $5.51. Over the past 52 weeks it has traded between $3.22 and $7.66.
If you invested $1,000 in RIG 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in RIG on would be worth about $579 at the close on , a total return of −42.1%. The same $1,000 would be worth $1,401 if invested five years ago, $1,740 if invested one year ago, $100 if invested 20 years ago, and $231 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Transocean’s market cap?
Transocean’s market capitalization is about $6.3 billion. That’s Tiingo’s daily market cap for , at that day’s closing price of $5.62 (how market cap works). Transocean reported 1.12B shares outstanding at the end of its latest quarter ().
What is RIG’s P/E ratio?
RIG’s P/E ratio isn’t meaningful right now because its earnings over the four quarters to are negative (diluted EPS of −$1.71).
How much revenue does Transocean make?
Transocean reported $4.1 billion of revenue over the four quarters to , up 8.5% from the twelve months before. In its latest quarter (Q2 FY26, ended ) revenue was $966.0 million, down 2.2% from a year earlier.
Is Transocean profitable?
Not over the four quarters to . Transocean reported a net loss of $1.7 billion across those four quarters on $4.1 billion of revenue.
What are RIG’s earnings per share?
RIG’s diluted earnings per share were −$1.71 over the four quarters to , compared with −$1.86 in the twelve months before. The latest quarter (Q2 FY26) brought $0.04 per share, against −$1.06 a year earlier (how EPS works).
Does RIG pay a dividend?
Transocean hasn’t paid a dividend in the last twelve months.
What is RIG’s 52-week high and low?
Over the past 52 weeks RIG has traded as low as $3.22 and as high as $7.66. At $5.62 at the close on , it is 26.6% below that high and 74.5% above the low.
What is RIG’s all-time high?
RIG’s highest closing price was $161.40 on , adjusted for stock splits. At $5.62 at the close on , it is 96.5% below that record.
Has RIG stock ever split?
Yes, once: 2-for-1 on . One share bought before the first split would be 2 shares today.
How has RIG stock performed?
Including dividends and measured to the close on , RIG has returned +36.1% so far this year and +74.0% over the past year, and +40.1% over five years (+7.0% a year). Over the same periods the S&P 500, measured by SPY, returned +12.8%, +16.8% and +83.1%. Past performance doesn’t predict future returns.
What sector and industry is Transocean in?
Transocean is in the Energy sector and the Oil & Gas Drilling industry, and is headquartered in Switzerland.
What exchange does RIG trade on?
Transocean trades on the NYSE under the ticker symbol RIG. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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