SDRL vs. NE

Last updated Apr 1, 2026

Compare and contrast key facts about Seadrill Limited (SDRL) and Noble Corporation (NE).

Performance

SDRL vs. NE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seadrill Limited (SDRL) and Noble Corporation (NE). The values are adjusted to include any dividend payments, if applicable.

SDRL vs. NE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SDRL Seadrill Limited	31.50%	-11.12%	-17.66%	44.85%	23.17%
NE Noble Corporation	75.68%	-3.21%	-31.57%	29.54%	20.56%

Fundamentals

EPS SDRL : -$2.61 NE : $1.35
Total Revenue (TTM) SDRL : $1.43B NE : $0.00
Gross Profit (TTM) SDRL : $185.00M NE : $0.00
EBITDA (TTM) SDRL : $112.00M NE : $583.40M

Returns By Period

In the year-to-date period, SDRL achieves a 31.50% return, which is significantly lower than NE's 75.68% return.

SDRL

• 1D: 1.22%
• 1M: 3.69%
• YTD: 31.50%
• 6M: 50.61%
• 1Y: 82.00%
• 3Y*: 4.25%
• 5Y*: —
• 10Y*: —

NE

• 1D: 0.37%
• 1M: 9.21%
• YTD: 75.68%
• 6M: 78.08%
• 1Y: 120.42%
• 3Y*: 12.93%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SDRL vs. NE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDRL

SDRL Risk / Return Rank: 84
SDRL Sharpe Ratio Rank: 86
SDRL Sortino Ratio Rank: 81
SDRL Omega Ratio Rank: 80
SDRL Calmar Ratio Rank: 86
SDRL Martin Ratio Rank: 88

NE

NE Risk / Return Rank: 92
NE Sharpe Ratio Rank: 94
NE Sortino Ratio Rank: 90
NE Omega Ratio Rank: 90
NE Calmar Ratio Rank: 93
NE Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDRL vs. NE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seadrill Limited (SDRL) and Noble Corporation (NE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SDRL	NE	Difference
Sharpe ratio Return per unit of total volatility	1.63	2.44	-0.82
Sortino ratio Return per unit of downside risk	2.15	2.82	-0.67
Omega ratio Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio Return relative to maximum drawdown	2.99	4.69	-1.70
Martin ratio Return relative to average drawdown	9.22	13.44	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDRL vs. NE - Sharpe Ratio Comparison

The current SDRL Sharpe Ratio is 1.63, which is lower than the NE Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of SDRL and NE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SDRL	NE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.44	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.43	-0.04

Correlation

The correlation between SDRL and NE is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SDRL vs. NE - Dividend Comparison

SDRL has not paid dividends to shareholders, while NE's dividend yield for the trailing twelve months is around 4.08%.

	TTM	2025	2024	2023
SDRL Seadrill Limited	0.00%	0.00%	0.00%	0.00%
NE Noble Corporation	4.08%	7.08%	5.73%	1.45%

Drawdowns

SDRL vs. NE - Drawdown Comparison

The maximum SDRL drawdown since its inception was -66.14%, roughly equal to the maximum NE drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for SDRL and NE.

Drawdown Indicators

	SDRL	NE	Difference
Max Drawdown Largest peak-to-trough decline	-66.14%	-63.16%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-26.83%	-24.73%	-2.10%
Current Drawdown Current decline from peak	-17.78%	-1.53%	-16.25%
Average Drawdown Average peak-to-trough decline	-23.52%	-20.05%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.72%	8.64%	+0.08%

Volatility

SDRL vs. NE - Volatility Comparison

Seadrill Limited (SDRL) and Noble Corporation (NE) have volatilities of 9.75% and 9.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDRL	NE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.75%	9.30%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	30.57%	29.76%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	50.73%	49.60%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.63%	43.61%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.63%	43.61%	-0.98%

Financials

SDRL vs. NE - Profitability Comparison

The chart below illustrates the profitability comparison between Seadrill Limited and Noble Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SDRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Seadrill Limited reported a gross profit of 0.00 and revenue of 362.00M. Therefore, the gross margin over that period was 0.0%.

NE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Noble Corporation reported a gross profit of -676.78M and revenue of -2.52B. Therefore, the gross margin over that period was 26.8%.

SDRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Seadrill Limited reported an operating income of -3.00M and revenue of 362.00M, resulting in an operating margin of -0.8%.

NE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Noble Corporation reported an operating income of 42.56M and revenue of -2.52B, resulting in an operating margin of -1.7%.

SDRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Seadrill Limited reported a net income of -46.00M and revenue of 362.00M, resulting in a net margin of -12.7%.

NE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Noble Corporation reported a net income of 86.64M and revenue of -2.52B, resulting in a net margin of -3.4%.