Diamond Offshore Drilling Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Diamond Offshore Drilling Inc (DO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Diamond Offshore Drilling Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,070M vs 251,810M combined for tracked competitors (0.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-5.5% annualized vs trailing 12 months), vs decelerating (-5.3%) for its tracked peer group.
- Growth: Diamond Offshore Drilling Inc generated -10.2% revenue growth year over year in Q2 2024, vs 8.0% for its tracked competitors combined.
- Profitability: Its 3.7% net margin compares with 10.0% for the peer group.
- Peer revenue share: Diamond Offshore Drilling Inc accounted for 0.4% of combined revenue among its tracked peer group, down from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.54M compares with $0.49M for the peer group (1.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
DO Sales vs. its Competitors, Q2 2024
Diamond Offshore Drilling Inc reported revenue contraction of 10.18 % year on year in Q2 2024, below its competitors' combined revenue growth of 7.98 %.
With a net margin of 3.69 %, Diamond Offshore Drilling Inc reported lower profitability than its competitors (9.99 %).
Diamond Offshore Drilling Inc generated 0.42 % of the combined sales of its peer group, down from 0.51 % a year earlier.
Diamond Offshore Drilling Inc vs. its Competitors, Q2 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Diamond Offshore Drilling Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Diamond Offshore Drilling Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Diamond Offshore Drilling Inc's competitor groups requires a Commercial License.
For context: the Oil Well Services & Equipment industry grew revenue -11.7% year over year, combined, vs -10.2% for Diamond Offshore Drilling Inc. Diamond Offshore Drilling Inc's share of combined industry revenue moved from 1.40% to 1.42%, a gain of 0.02 percentage points.
Diamond Offshore Drilling Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Diamond Offshore Drilling Inc | No | Yes | Yes | No |
| Competitors combined (35) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
DO Stock Performance relative to its Competitors
DO Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Forum Energy Technologies Inc | 282.9% | Outperformed |
| 2 | Matson inc | 282.9% | Outperformed |
| 3 | Nabors Industries Ltd | 282.9% | Outperformed |
| 4 | Patterson uti Energy Inc | 282.9% | Outperformed |
| 5 | Technipfmc Plc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Diamond Offshore Drilling Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Diamond Offshore Drilling Inc's Comment on Competition and Industry Peers
The offshore contract drilling industry is influenced by a number of factors, including global economies and demand for oil and natural gas, current and anticipated prices of oil and natural gas, expenditures by oil and gas companies for exploration and development of oil and natural gas and the availability of drilling rigs.
Drilling contracts are traditionally awarded on a competitive bid basis. Price
is typically the primary factor in determining which qualified contractor is
awarded a job. Customers may also consider rig availability and location, a
drilling contractor’s operational and safety performance record, and condition
and suitability of equipment. We believe we compete favorably with respect to
these factors.
We compete on a worldwide basis, but competition may vary significantly by region
at any particular time. Competition for offshore rigs generally takes place
on a global basis, as these rigs are highly mobile and may be moved, at a cost
that may be substantial, from one region to another. It is characteristic of
the offshore contract drilling industry to move rigs from areas of low utilization
and dayrates to areas of greater activity and relatively higher dayrates. Significant
new rig construction and upgrades of existing drilling units could also intensify
price competition.
Publicly Traded Peers of Diamond Offshore Drilling Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Diamond Offshore Drilling Inc | 1,470.18 | 1,070.09 |
| General Electric Company | 333,197.28 | 50,638.00 |
| Slb Limited | 77,543.94 | 36,365.00 |
| Baker Hughes Company | 57,120.00 | 27,893.00 |
| Technipfmc Plc | 28,565.79 | 10,420.10 |
| Halliburton Company | 27,176.34 | 22,373.00 |
| SUBTOTAL | 662,687.19 | 256,879.80 |
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Sources: Diamond Offshore Drilling Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Diamond Offshore Drilling Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Diamond Offshore Drilling Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Diamond Offshore Drilling Inc | 1,470 | 537,464 | -135,499 |
| General Electric Company | 333,197 | 888,386 | 157,579 |
| Slb Limited | 77,544 | 333,624 | 28,899 |
| Baker Hughes Company | 57,120 | 498,089 | 56,304 |
| Technipfmc Plc | 28,566 | 410,127 | 46,345 |
| Halliburton Company | 27,176 | 466,104 | 33,479 |
| PEERS TOTAL | 661,217 | 486,614 | 39,431 |
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Diamond Offshore Drilling Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Diamond Offshore Drilling Inc | US 55.43 % |
| Slb Limited | Middle East 28.67 % |
| Halliburton Company | North America 39.54 % |
| Dover Corp | United States 55.59 % |
| Jacobs Solutions Inc | United States 68.89 % |
| Fluor Corporation | North America 79.19 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Diamond Offshore Drilling Inc's Business Segment Mix vs Peers
Revenue by operating segment, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Diamond Offshore Drilling Inc | Contract Drilling 94.99 % |
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Slb Limited | Production Systems 42.03 % |
| Baker Hughes Company | Oilfield Services and Equipment 52.34 % |
| Technipfmc Plc | Subsea 88.59 % |
| Halliburton Company | Completion and Production 55.83 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Diamond Offshore Drilling Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil Well Services & Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 88.92 % | 36.50 % (avg) | +52.4 pp |
| Operating Margin | 8.96 % | industry median | +0.4 pp |
| EBITDA Margin | 5.90 % | 10.27 % (avg) | -4.4 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 12.97 % (avg) | -13.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Diamond Offshore Drilling Inc's Valuation vs Competitive Position
Valuation multiples vs the Oil Well Services & Equipment industry average (31 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 16.5x | - |
| EV / EBITDA | 30.8x | 18.0x | +12.8x |
| P/B | 2.3x | 1.8x | +0.5x |
| Return on Equity | -39.06 % | industry aggregate | -44.58 % |
| Return on Invested Capital | 4.56 % | 1.13 % (avg) | 3.43 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Diamond Offshore Drilling Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -33.85 % | -13.36 % | -29.13 % | -9.47 % | -25.18 % | 0.00 % | 14.66 % | 25.54 % |
| Operating Margin | -22.30 % | 11.38 % | -10.36 % | -28.79 % | -157.17 % | -157.17 % | -7.54 % | 4.83 % |
| Return on Invested Capital | -3.61 % | 1.77 % | -1.17 % | -3.13 % | -16.36 % | -26.62 % | -3.26 % | 2.36 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Diamond Offshore Drilling Inc's Strategic Group Map
Every company in Diamond Offshore Drilling Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Diamond Offshore Drilling Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Diamond Offshore Drilling Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 12.97 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Diamond Offshore Drilling Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Diamond Offshore Drilling Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Diamond Offshore Drilling Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Diamond Offshore Drilling Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Diamond Offshore Drilling Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) — not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 44.6 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-5.5% annualized vs trailing 12 months).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-5.3% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Diamond Offshore Drilling Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Diamond Offshore Drilling Inc | 0.56 | 1.69 | 0.77 |
| General Electric Company | - | 0.86 | 1.09 |
| Slb Limited | 0.20 | 1.37 | 0.38 |
| Baker Hughes Company | - | 1.58 | 0.46 |
| Technipfmc Plc | 0.19 | 1.12 | 0.13 |
| Halliburton Company | 0.36 | 2.02 | 0.68 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Diamond Offshore Drilling Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Diamond Offshore Drilling Inc | Q2 2024 | -10.2 % | -96.1 % |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Slb Limited | Q2 2026 | +5.0 % | -22.2 % |
| Baker Hughes Company | Q1 2026 | +2.5 % | +129.3 % |
| Technipfmc Plc | Q2 2026 | +9.0 % | +35.0 % |
| Halliburton Company | Q2 2026 | +3.7 % | +11.3 % |
| PEERS TOTAL | +8.7 % | -7.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Diamond Offshore Drilling Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Diamond Offshore Drilling Inc | Q2 2024 | +13.6 % | -20.8 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Slb Limited | Q2 2026 | +79.3 % | +29.0 % |
| Baker Hughes Company | Q1 2026 | +3.1 % | +12.0 % |
| Technipfmc Plc | Q2 2026 | - | -28.1 % |
| Halliburton Company | Q2 2026 | - | -33.6 % |
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Diamond Offshore Drilling Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Diamond Offshore Drilling Inc | - | - | - |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Slb Limited | 5.73% | 7.18% | 11.58% |
| Baker Hughes Company | 7.43% | 11.19% | 16.88% |
| Technipfmc Plc | 11.54% | 22.48% | 35.07% |
| Halliburton Company | 6.36% | 7.98% | 15.08% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Diamond Offshore Drilling Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Diamond Offshore Drilling Inc | - | 1.37 |
| General Electric Company | 37.57 | 6.58 |
| Slb Limited | 24.64 | 2.13 |
| Baker Hughes Company | 18.28 | 2.05 |
| Technipfmc Plc | 24.61 | 2.74 |
| Halliburton Company | 17.07 | 1.21 |
| PEERS AVERAGE | 32.39 | 2.58 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.