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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-625.70m
- 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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- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Noram Drilling AS | 959.70m | 121.67m | 1.45bn | 359.00 | 11.87 | 2.53 | 6.89 | 1.51 | 2.82 | 2.82 | 22.22 | 13.24 | 1.26 | -- | 8.56 | 2,673,271.00 | 15.99 | -1.42 | 18.87 | -1.64 | 71.18 | 72.25 | 12.68 | -1.98 | -- | -- | 0.00 | -- | -12.85 | 4.59 | -88.28 | -- | -24.23 | -- |
| Deep Value Driller AS | 528.13m | 226.60m | 1.86bn | -- | 8.20 | 22.41 | 4.84 | 3.53 | 2.43 | 2.43 | 5.67 | 0.8892 | 0.4546 | -- | 6.51 | -- | 19.51 | -- | 20.11 | -- | -- | -- | 42.91 | -- | 12.90 | 3.00 | 0.9206 | -- | -4.63 | -- | 3.03 | -- | -- | -- |
| Reach Subsea ASA | 2.76bn | 187.40m | 2.15bn | 460.00 | 11.27 | 1.69 | 1.93 | 0.7793 | 0.5821 | 0.5821 | 8.65 | 3.89 | 0.7861 | -- | 3.89 | 5,990,815.00 | 5.35 | 9.71 | 8.63 | 15.76 | 77.34 | 74.11 | 6.80 | 8.90 | -- | 2.46 | 0.5848 | 47.62 | 36.16 | 39.82 | -9.02 | -- | 50.62 | -- |
| Archer Ltd | 13.07bn | -416.08m | 2.45bn | 4.47k | -- | 1.19 | 8.07 | 0.1874 | -4.87 | -4.87 | 148.76 | 20.75 | 1.38 | 2.67 | 7.22 | 2,594,831.00 | -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 | 875.53m | 2.58bn | -- | 3.09 | 0.777 | 2.16 | 0.7318 | 7.90 | 7.90 | 31.81 | 31.42 | 0.5649 | -- | 6.94 | -- | 14.03 | -- | 19.63 | -- | 72.01 | -- | 24.83 | -- | -- | 6.99 | 0.3197 | -- | -- | -- | -- | -- | -- | -- |
| Northern Ocean Ltd | 2.21bn | -625.70m | 2.79bn | 10.00 | -- | 0.744 | -- | 1.26 | -2.06 | -2.06 | 7.30 | 12.35 | 0.2232 | 113.70 | 9.40 | 221,240,200.00 | -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 | 375.00m | -41.00m | 3.59bn | 9.00 | -- | 0.6596 | -- | 9.57 | -0.1507 | -0.0552 | 1.38 | 19.86 | 0.0597 | -- | 2.04 | 41,666,670.00 | -0.7158 | 0.4597 | -0.7594 | 0.6177 | -- | 55.62 | -12.00 | 6.79 | -- | -- | 0.0571 | 0.00 | 8.96 | -44.12 | 520.47 | 60.16 | 3.25 | -- |
| Solstad Offshore ASA | 2.52bn | 1.80bn | 4.00bn | 569.00 | 2.22 | 1.15 | 1.63 | 1.58 | 21.91 | 21.91 | 30.63 | 42.24 | 0.3095 | -- | 3.46 | 4,433,300.00 | 22.47 | 5.90 | 27.78 | 9.20 | -- | -- | 72.60 | 28.66 | 1.16 | -- | 0.5229 | -- | -60.73 | -15.31 | 348.05 | -- | -30.49 | -- |
| Sea1 Offshore Inc | 2.58bn | 971.46m | 4.02bn | 677.00 | 4.14 | 1.03 | 2.75 | 1.56 | 6.33 | 6.33 | 16.78 | 25.45 | 0.3235 | -- | 3.87 | 3,804,640.00 | 12.24 | 2.82 | 14.26 | 3.37 | -- | -- | 37.83 | 10.77 | -- | 4.05 | 0.4319 | -- | 1.43 | 3.10 | -1.01 | -- | 8.18 | -- |
Data as of Feb 13 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 30 Nov 2025 | 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 30 Nov 2025 - 21 Jan 2026Source: FactSet Research Systems Inc.
