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About the company
Northern Ocean Ltd. is a Bermuda-based international drilling contractor company. The Company is engaged in offshore drilling for the oil and gas industry in harsh environments worldwide. The Company owns two semi-submersible rigs, namely Deepsea Mira and Deepsea Bollsta, which has the capacity of drilling at a water depth of approximately 10,000 feet.
- Revenue in NOK (TTM)2.21bn
- Net income in NOK-626.20m
- Incorporated2017
- Employees10.00
- LocationNorthern Ocean LtdPar La Ville Place14th, Par La Ville RoadHAMILTON HM 08BermudaBMU
- Phone+1 4 412959500
- Websitehttps://www.northernocean.no/
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Peer analysis
Key Information
- Key Information
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| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golden Energy Offshore Services ASA | -100.00bn | -100.00bn | 586.89m | 82.00 | -- | 0.5222 | -- | -- | -- | -- | -- | 15.89 | -- | -- | -- | -- | -- | -9.11 | -- | -13.50 | -- | 39.14 | -- | -37.63 | 0.3383 | -- | 0.7057 | -- | 145.27 | 35.96 | -980.18 | -- | -7.71 | -- |
| Prosafe SE | 1.47bn | 1.15bn | 1.16bn | 281.00 | -- | 0.8979 | 0.7526 | 0.7921 | -22.98 | -22.98 | 17.82 | 3.67 | 0.3196 | -- | 6.59 | 5,215,392.00 | 25.11 | -4.46 | 28.67 | -22.98 | -- | -- | 78.58 | -21.38 | -- | -0.1455 | 0.6853 | -- | 45.63 | -9.10 | 31.12 | -- | -26.43 | -- |
| Abl Group ASA | 3.33bn | 48.95m | 1.30bn | 2.01k | 27.97 | 1.29 | 11.47 | 0.3885 | 0.3471 | 0.3471 | 24.69 | 7.55 | 1.73 | -- | 13.17 | -- | 2.49 | 3.64 | 4.07 | 5.43 | -- | -- | 1.44 | 2.54 | -- | 5.71 | 0.2054 | 166.34 | 23.24 | 41.39 | -48.11 | -13.57 | 79.31 | 11.79 |
| Noram Drilling AS | 959.23m | 140.51m | 1.67bn | 359.00 | 11.83 | 3.13 | 8.48 | 1.74 | 3.25 | 3.25 | 22.20 | 12.29 | 1.31 | -- | 8.23 | -- | 19.12 | 3.92 | 25.17 | 4.74 | 70.77 | 71.82 | 14.65 | 4.36 | -- | -- | -- | -- | -1.91 | 13.09 | 557.19 | -- | -9.59 | -- |
| Deep Value Driller AS | 528.55m | 226.78m | 1.92bn | -- | 8.44 | 23.08 | 4.99 | 3.63 | 2.43 | 2.43 | 5.67 | 0.8899 | 0.4546 | -- | 6.51 | -- | 19.51 | -- | 20.11 | -- | -- | -- | 42.91 | -- | 12.90 | 3.00 | 0.9206 | -- | -4.63 | -- | 3.03 | -- | -- | -- |
| Reach Subsea ASA | 2.68bn | 108.10m | 2.20bn | 460.00 | 20.36 | 1.80 | 2.04 | 0.8218 | 0.33 | 0.33 | 8.29 | 3.73 | 0.7812 | -- | 4.70 | -- | 3.15 | 7.33 | 5.36 | 12.07 | 81.66 | 75.87 | 4.04 | 7.63 | -- | 1.30 | 0.5899 | 48.06 | -1.50 | 33.64 | -47.38 | 20.19 | 181.22 | 2.58 |
| Archer Ltd | 13.08bn | -416.42m | 2.61bn | 4.47k | -- | 1.26 | 8.59 | 0.1994 | -4.87 | -4.87 | 148.88 | 20.77 | 1.38 | 2.67 | 7.22 | 2,596,911.00 | -3.98 | -1.47 | -5.91 | -2.65 | 85.44 | 85.33 | -2.88 | -1.27 | 0.9309 | 1.77 | 0.669 | -- | 11.24 | 6.97 | 8.90 | -- | 8.43 | -- |
| Ventura Offshore Holding Ltd | 3.53bn | 876.23m | 2.68bn | -- | 3.21 | 0.8067 | 2.25 | 0.7599 | 7.91 | 7.91 | 31.83 | 31.45 | 0.5649 | -- | 6.94 | -- | 14.03 | -- | 19.63 | -- | 72.01 | -- | 24.83 | -- | -- | 6.99 | 0.3197 | -- | -- | -- | -- | -- | -- | -- |
| Northern Ocean Ltd | 2.21bn | -626.20m | 2.74bn | 10.00 | -- | 0.7326 | -- | 1.24 | -2.07 | -2.07 | 7.30 | 12.36 | 0.2232 | 113.70 | 9.40 | 221,417,600.00 | -6.31 | -6.33 | -8.09 | -7.29 | 29.57 | 17.63 | -28.28 | -48.85 | 0.264 | -0.1117 | 0.5779 | -- | 11.37 | 79.78 | 7.39 | -- | -24.82 | -- |
| Akastor ASA | 391.00m | -157.00m | 3.81bn | 9.00 | -- | 0.7101 | -- | 9.74 | -0.5769 | -0.5733 | 1.43 | 19.57 | 0.0615 | -- | 1.90 | -- | -2.47 | 1.61 | -2.57 | 1.99 | -- | -- | -40.15 | 26.01 | -- | -0.1103 | 0.0505 | 0.00 | 33.56 | -13.90 | -109.67 | -- | -33.07 | -- |
Data as of Feb 27 2026. Currency figures normalised to Northern Ocean Ltd's reporting currency: Norwegian Krone NOK
2.97%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Skagen ASas of 31 Jan 2026 | 4.57m | 1.51% |
| Nordnet Livsforsikring ASas of 29 Aug 2025 | 3.84m | 1.27% |
| Dimensional Fund Advisors LPas of 05 Feb 2026 | 322.03k | 0.11% |
| Solventis SGIIC SAas of 31 Dec 2025 | 179.18k | 0.06% |
| Dimensional Fund Advisors Ltd.as of 30 Nov 2025 | 77.87k | 0.03% |
| SSgA Funds Management, Inc.as of 05 Feb 2026 | 5.17k | 0.00% |
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Data from 31 Dec 2025 - 26 Feb 2026Source: FactSet Research Systems Inc.
