SUBC FINANCIAL STATEMENTS

Subsea 7 S.A. — balance sheet, income statement and cash flow trends

SUBCSubsea 7 S.A.

🇳🇴 Norway · OL · Energy · Oil & Gas Equipment & Services

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
02.5 B5 B7.5 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue7.3 B $Gross Profit1.2 B $ · 16%Operating Income896.4 M $ · 12%Pre-tax Income725.6 M $ · 10%Net Income492.9 M $ · 7%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue7.3 B $+5.4%
Gross Profit1.2 B $+53.4%
Operating Income896.4 M $+78.4%
EBITDA771.4 M $-28.9%
Net Income492.9 M $+154.7%

Peer Comparison· Oil & Gas Equipment & Services

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
SUBC5.4%16.4%10.5%6.7%
RES27.6%11.4%12.6%1.2%
VTOL5.9%43.0%15.3%7.5%
HLX-2.9%10.8%16.7%1.1%
ACDC-18.9%-0.3%6.4%-24.2%
PUMP-15.6%8.3%13.9%-1.1%
Industry median-0.4%18.0%15.5%4.4%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
02.5 B5 B7.5 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets8.4 B
  • Equity4.5 B $54%
  • Current Liabilities3.1 B $37%
  • Long-term Liabilities733.8 M $9%

Key Figures

YoY change
Total Assets8.4 B $+7.5%
Total Liabilities3.9 B $+11.4%
Total Equity4.5 B $+4.5%
Cash & ST Investments——
Total Debt——
Net Debt——

Peer Comparison· Oil & Gas Equipment & Services

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
SUBC1.10——53.6%
RES3.136.8%-0.5774.0%
VTOL2.1594.4%2.8044.0%
HLX2.9240.2%0.5760.6%
ACDC0.82176.1%10.3027.0%
PUMP1.6418.9%0.1970.1%
Industry median1.9244.3%1.0548.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
01 B2 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
01 B2 B2.4 B $Operating-329.3 M $Investing-1.3 B $Financing720.1 M $Net Change

Key Figures

YoY change
Operating Cash Flow2.4 B $+136.3%
Capital Expenditures473.6 M $+38.5%
Free Cash Flow1.4 B $+116.9%
Dividends Paid744 M $+203.8%

Peer Comparison· Oil & Gas Equipment & Services

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
SUBC32.0%19.3%6.4%477.3%
RES11.0%2.5%8.5%921.5%
VTOL12.5%3.9%8.6%165.9%
HLX14.0%12.9%1.1%1,269.0%
ACDC8.9%0.1%8.8%-37.0%
PUMP15.0%-0.9%16.0%-1,429.8%
Industry median13.2%7.9%5.8%183.2%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on SUBC

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.