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Noble vs SEADRILL: revenue, profit, margins and growth compared

Noble brought in $3.3B of revenue in fiscal 2025, SEADRILL $1.4B in fiscal 2025. Revenue changed by +7.4% at Noble and +3.8% at SEADRILL on the year before, so Noble grew faster. Noble kept 6.6% of its revenue as net profit, SEADRILL -5.4%.

Side by side, latest fiscal year

NESDRL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$1.4B
Revenue growth+7.4%+3.8%
Net income$216.7M-$77M
Net margin6.6%-5.4%
Free cash flow$432.2Mn/a
Free cash flow margin13.2%n/a
Earnings per share (diluted)$1.35n/a
Cash$471.4M$339M
Debt$2B$613M
Price to earnings31.7n/a
Market value$6.8B$2.9B
Dividend yield4.67%n/a
Rank by revenue in sector#44 of 129 · Energy#66 of 129 · Energy

Over the years

Revenue
NE FY2020: $964.3MNE FY2022: $1.4BNE FY2023: $2.6BNE FY2024: $3.1BNE FY2025: $3.3BSDRL FY2017: $2.1BSDRL FY2019: $1.4BSDRL FY2020: $961MSDRL FY2021: $907MSDRL FY2023: $1.5BSDRL FY2024: $1.4BSDRL FY2025: $1.4BFY17FY19FY20FY21FY22FY23FY24FY25
NE $3.3BSDRL $1.4B
Net income
NE FY2020: -$4BNE FY2022: $168.9MNE FY2023: $481.9MNE FY2024: $448.4MNE FY2025: $216.7MSDRL FY2017: -$3BSDRL FY2019: -$1.2BSDRL FY2020: -$4.7BSDRL FY2021: -$587MSDRL FY2023: $300MSDRL FY2024: $446MSDRL FY2025: -$77MFY17FY19FY20FY21FY22FY23FY24FY25
NE $216.7MSDRL -$77M
Net margin
NE FY2020: -412.6%NE FY2022: 11.9%NE FY2023: 18.6%NE FY2024: 14.7%NE FY2025: 6.6%SDRL FY2017: -142.4%SDRL FY2019: -87.8%SDRL FY2020: -484.8%SDRL FY2021: -64.7%SDRL FY2023: 20.0%SDRL FY2024: 32.2%SDRL FY2025: -5.4%FY17FY19FY20FY21FY22FY23FY24FY25
NE 6.6%SDRL -5.4%
Revenue growth
NE FY2023: +83.1%NE FY2024: +18.1%NE FY2025: +7.4%SDRL FY2020: -30.8%SDRL FY2021: -5.6%SDRL FY2024: -7.8%SDRL FY2025: +3.8%FY20FY21FY23FY24FY25
NE +7.4%SDRL +3.8%
Free cash flow
NE FY2020: $124.3MNE FY2022: $106.7MNE FY2023: $164.8MNE FY2024: $80.2MNE FY2025: $432.2MSDRL FY2017: $249MSDRL FY2019: -$418MSDRL FY2020: -$557MSDRL FY2021: -$238MFY17FY19FY20FY21FY22FY23FY24FY25
NE $432.2MSDRL -$238M

Fiscal years as each company reports them; the two may end in different months.

Questions about Noble and SEADRILL

Which is bigger by revenue, Noble or SEADRILL?

Noble is bigger by revenue: $3.3B in fiscal 2025, against $1.4B for SEADRILL in fiscal 2025.

Which keeps more of its revenue as profit, Noble or SEADRILL?

Noble had a net margin of 6.6% in fiscal 2025; SEADRILL had -5.4% in fiscal 2025.

Which grew revenue faster, Noble or SEADRILL?

In their latest fiscal years revenue changed by +7.4% at Noble and +3.8% at SEADRILL.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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