Dolphin Drilling Valuation Multiples

Dolphin Drilling Overview

About Dolphin Drilling

Dolphin Drilling AS along with its subsidiaries provides exploration and development services to the oil and gas industry. The company operates in one segment, providing drilling services to the offshore oil and gas industry. The company generates the majority of its revenue from Nigeria. Apart from Nigeria its has its operations in the UK, India, Norway, and Others.

Founded

1997

HQ

Employees

240

Website

dolphindrilling.no

Sectors

Energy ProductionOil & Gas

Financials (LTM)

Revenue: $171M

EBITDA: $10M

EV

$109M

Valuation Multiples

Multiples.vc

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Dolphin Drilling Financials

Dolphin Drilling reported last 12-month revenue of $171M and EBITDA of $10M.

In the same LTM period, Dolphin Drilling generated $76M in gross profit, $10M in EBITDA, and had net loss of ($49M).

Dolphin Drilling P&L

In the most recent fiscal year, Dolphin Drilling reported revenue of $178M and EBITDA of $14M.

Dolphin Drilling expects next 12-month revenue of XXX and NTM EBITDA of XXX

Dolphin Drilling Stock Performance

Dolphin Drilling has current market cap of $49M, and enterprise value of $109M.

Dolphin Drilling's stock price is $0.31.

Dolphin Drilling Valuation Multiples

Dolphin Drilling trades at 0.6x EV/Revenue multiple, and 11.4x EV/EBITDA.

Dolphin Drilling Financial Valuation Multiples

As of April 17, 2026, Dolphin Drilling has market cap of $49M and EV of $109M.

Equity research analysts estimate Dolphin Drilling's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Dolphin Drilling has a P/E ratio of (1.0x).

Dolphin Drilling Margins & Growth Rates

Dolphin Drilling's revenue in the last 12 month declined by (0%).

Dolphin Drilling's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.

Dolphin Drilling's rule of 40 is (13%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Dolphin Drilling's rule of X is (32%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Dolphin Drilling Public Comps

See public comps and valuation multiples for other Energy Production and Oil & Gas comps.

Dolphin Drilling M&A Activity

Dolphin Drilling acquired XXX companies to date.

Last acquisition by Dolphin Drilling was on XXXXXXXX, XXXXX. Dolphin Drilling acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Dolphin Drilling Investment Activity

Dolphin Drilling invested in XXX companies to date.

Dolphin Drilling made its latest investment on XXXXXXXX, XXXXX. Dolphin Drilling invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).