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Transocean vs Nabors Industries: RIG and NBR compared
Transocean is the larger company: $937M of revenue in its latest quarter (Q3 2026) against $872M for Nabors Industries (Q3 2026). Nabors Industries is growing faster (+7% against -9% a year earlier). Nabors Industries is more profitable, with an operating margin of 15.7% against 15.3%.
Where the money goes: RIG and NBR
Transocean (RIG) · Q3 2026
Transocean, Q3 2026: revenue $937M (-9% year over year), operating margin 15.3%, net earnings $26.0M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
Nabors Industries (NBR) · Q3 2026
Nabors Industries, Q3 2026: revenue $872M (+7% year over year), operating margin 15.7%, net earnings $16.0M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
| Transocean (RIG) | Nabors Industries (NBR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $937M | $872M |
| Revenue growth, Y/Y | -9% | +7% |
| Operating margin | 15.3% | 15.7% |
| Net earnings | $26.0M | $16.0M |
| Net margin | 2.8% | 1.8% |
| Operating cash flow | $174M | $239M |
| Free cash flow | $131M | $74.5M |
| Market value | $5.9B | $1.1B |
| P/E | 21.0× | — |
| Analysts’ mean target | $6.56 | $107.38 |
Where the revenue comes from
Transocean
- Ultra-deepwater floaters: $590M (63%)
- Harsh environment floaters: $347M (37%)
Questions
Which is bigger, Transocean or Nabors Industries?
Transocean is the larger company: $937M of revenue in its latest quarter (Q3 2026) against $872M for Nabors Industries (Q3 2026).
Is Transocean or Nabors Industries growing faster?
Nabors Industries is growing faster (+7% against -9% a year earlier).
Which is more profitable, Transocean or Nabors Industries?
Nabors Industries is more profitable, with an operating margin of 15.7% against 15.3%.
More: Transocean earnings · how Transocean makes money · Nabors Industries earnings · how Nabors Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.