Flagship explainer

How Transocean Ltd. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$4.0B · 100%Cost of revenue$2.4B · 61%Gross profit$1.6B · 39%Operating income−$2.3B · −59%Income before tax−$2.9B · −74%Income tax−$33M · −1%Net income−$2.9B · −74%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$4.0B100%
Cost of revenue$2.4B61%
$1.6B39%
−$2.3B−59%
Income before tax−$2.9B−74%
Income tax−$33M−1%
−$2.9B−74%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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