# Transocean Ltd. (RIG) · Edgar & Edgarette company card

> Transocean Ltd. (RIG) grew revenue 12.5% in FY2025 to $4.0 billion, operating margin -58.9% against a 8.0% median for drilling oil & gas wells, equity 51.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1451505 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/RIG) · [JSON](https://www.pops4.com/boards/company/RIG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4.0B |
| Revenue growth, 1 year | 12.5% |
| Revenue growth per year | 11.6% |
| Operating margin | -58.9% (prior year -11.8%) |
| Net margin | -73.5% |
| Operating cash flow | $749M |
| Capital spending | $123M |
| Free cash flow | $626M |
| Cash | $620M |
| Long-term debt | $5.7B |
| Total assets | $15.6B |
| Total equity | $8.1B |
| Equity ÷ assets | 51.8% |
| Return on equity | -36.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -1.12 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · operating loss: a margin of -58.9% in FY2025
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $4.0B (FY2025), total debt $5.7B. Experience: revenue up 12.5% on the year, up 11.6% a year over 4 years; operating margin -58.9%, down from -11.8%. Soundness: equity 51.8% of assets, return on equity -36.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.9B and $5.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.6B to $5.5B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, drilling oil & gas wells): operating margin -58.9% against a 8.0% median; growth 12.5% against 5.6%.

Range logged 2026-09-29, receipt 1cc393f0743d3754, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-23 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000110465926118513/0001104659-26-118513-index.htm)
- 8-K · filed 2026-10-19 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000145150526000077/0001451505-26-000077-index.htm)
- 8-K · filed 2026-10-15 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000145150526000075/0001451505-26-000075-index.htm)
- 8-K · filed 2026-10-14 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000110465926115871/0001104659-26-115871-index.htm)
- 8-K · filed 2026-10-09 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000145150526000072/0001451505-26-000072-index.htm)
- 8-K · filed 2026-09-30 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1451505/000110465926112402/0001104659-26-112402-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001451505.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1451505

## Cite

POPS4, Edgar & Edgarette: Transocean Ltd. (RIG) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/RIG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.