Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
SEADRILL Ltd (SDRL)
A forensic read on SEADRILL Ltd built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.2
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-2.5%
ROE
$2.4B
Market cap
SEADRILL Ltd earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 4.2, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.52×Cash conversion.Over FY2023–FY2025, operating cash flow was 0.52× cumulative net income. Reported profit is not turning into cash — a classic earnings-quality warning.
1%Return on invested capital.Return on invested capital is 1% and rising from -5% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
stoppedShareholder returns — halted.Capital returns have STOPPED — $532M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash; understand why before reading it as neutral.
Key fundamentals
Net Margin-5.4%
Debt / Equity0.21x
Free Cash Flow$-112.0M
Latest Revenue$1.44B
Return on Equity-2.7%
Revenue Growth YoY+3.8%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on SEADRILL Ltd:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SDRL's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown