What is BORR DRILLING LTD's earnings per share (EPS)?

BORR DRILLING LTD (BORR) reported diluted earnings per share of $0.17 for fiscal year 2025. This represents a -46.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BORR DRILLING LTD Financials

BORR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows BORR DRILLING LTD (BORR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BORR FY2025 2026-04-22

Debt-heavy operations convert operating improvement into cash faster than earnings, leaving interest costs as the main brake on profits.

From FY2023 to FY2025, interest expense kept rising, so the business stayed much more profitable at the operating line than at the net line even after returning to profit. That gap mattered more in FY2025 because operating cash flow reached $251.9M while net income was only $45.0M, showing the recovery was more visible in cash than in reported earnings.

The balance-sheet cushion improved sharply in FY2025: cash rose to $379.7M and the current ratio reached 2.2x, giving the company much more room to absorb timing swings. But long-term debt still sat at $2.0B, so near-term flexibility came mainly from building cash rather than shrinking obligations or meaningfully reducing financing load.

Revenue was nearly flat between FY2024 and FY2025, yet EBITDA slipped from $505.4M to $470.1M; that points to a less favorable margin shape rather than another growth-led step up. Even so, the business remains structurally stronger than FY2021-FY2022, when losses and weak cash generation suggested the asset base was not yet carrying its debt burden.

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of BORR DRILLING LTD's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

BORR DRILLING LTD has an operating margin of 31.6%, meaning the company retains $32 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is down from 37.0% the prior year.

Growth

BORR DRILLING LTD's revenue grew a modest 1.0% year-over-year to $1.0B. This slow but positive growth earns a score of 58/100.

Leverage

BORR DRILLING LTD carries a low D/E ratio of 1.65, meaning only $1.65 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

BORR DRILLING LTD's current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Returns

BORR DRILLING LTD generates a 3.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is down from 8.3% the prior year.

Altman Z-Score Distress

0.72

BORR DRILLING LTD scores 0.72, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($2.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

5/9

BORR DRILLING LTD passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

5.60x

For every $1 of reported earnings, BORR DRILLING LTD generates $5.60 in operating cash flow ($251.9M OCF vs $45.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.5x

BORR DRILLING LTD earns $1.5 in operating income for every $1 of interest expense ($322.1M vs $210.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+1.0%

5Y CAGR+27.1%

BORR DRILLING LTD generated $1.0B in revenue in fiscal year 2025. This represents an increase of 1.0% from the prior year.

EBITDA

$470.1M

YoY-7.0%

BORR DRILLING LTD's EBITDA was $470.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.0% from the prior year.

Net Income

$45.0M

YoY-45.2%

BORR DRILLING LTD reported $45.0M in net income in fiscal year 2025. This represents a decrease of 45.2% from the prior year.

EPS (Diluted)

$0.17

YoY-46.9%

BORR DRILLING LTD earned $0.17 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 46.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$379.7M

YoY+516.4%

5Y CAGR+81.6%

BORR DRILLING LTD held $379.7M in cash against $2.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.02

YoY-92.6%

BORR DRILLING LTD paid $0.02 per share in dividends in fiscal year 2025. This represents a decrease of 92.6% from the prior year.

Shares Outstanding

307M

YoY+25.4%

5Y CAGR+7.0%

BORR DRILLING LTD had 307M shares outstanding in fiscal year 2025. This represents an increase of 25.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

31.6%

YoY-5.5pp

5Y CAGR+92.7pp

BORR DRILLING LTD's operating margin was 31.6% in fiscal year 2025, reflecting core business profitability. This is down 5.5 percentage points from the prior year.

Net Margin

4.4%

YoY-3.7pp

5Y CAGR+107.7pp

BORR DRILLING LTD's net profit margin was 4.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.7 percentage points from the prior year.

Return on Equity

3.7%

YoY-4.6pp

5Y CAGR+34.3pp

BORR DRILLING LTD's ROE was 3.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$200K

YoY-99.0%

BORR DRILLING LTD spent $200K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.0% from the prior year.

Capital Expenditures

N/A

BORR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.0B+1.0%	$1.0B+31.0%	$771.6M+73.9%	$443.8M+80.9%	$245.3M-20.2%	$307.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$50.4M+2.4%	$49.2M+9.1%	$45.1M+22.6%	$36.8M+6.1%	$34.7M-29.3%	$49.1M
Operating Income	$322.1M-13.9%	$374.2M+49.4%	$250.4M+345.7%	-$101.9M-15.4%	-$88.3M+53.0%	-$188.0M
Interest Expense	$210.9M+8.3%	$194.7M+9.9%	$177.2M+27.3%	$139.2M+40.0%	$99.4M+13.7%	$87.4M
Income Tax	$40.9M-29.7%	$58.2M+71.2%	$34.0M+84.8%	$18.4M+89.7%	$9.7M-40.1%	$16.2M
Net Income	$45.0M-45.2%	$82.1M+271.5%	$22.1M+107.5%	-$292.8M-51.7%	-$193.0M+39.2%	-$317.6M
EPS (Diluted)	$0.17-46.9%	$0.32+255.6%	$0.09+105.5%	$-1.64-14.7%	$-1.43+66.1%	$-4.22

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$267.7M	N/A	$271.9M	N/A	$187.5M	N/A	$105.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$12.3M	N/A	$11.6M	N/A	$10.3M	N/A	$9.6M
Operating Income	N/A	$96.5M	N/A	$104.5M	N/A	$59.9M	N/A	-$123.0M
Interest Expense	N/A	$53.0M	N/A	$47.7M	N/A	$38.4M	N/A	$30.5M
Income Tax	N/A	$4.8M	N/A	$14.9M	N/A	$13.4M	N/A	$6.3M
Net Income	N/A	$35.1M	N/A	$31.7M	N/A	$800K	N/A	-$165.3M
EPS (Diluted)	N/A	$0.14	N/A	$0.12	N/A	$0.00	N/A	$-1.09

BORR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$3.6B+6.0%	$3.4B+11.0%	$3.1B+2.6%	$3.0B-2.6%	$3.1B-2.9%	$3.2B
Current Assets	$768.4M+48.7%	$516.6M+26.0%	$409.9M+17.1%	$349.9M+98.6%	$176.2M+25.1%	$140.8M
Cash & Equivalents	$379.7M+516.4%	$61.6M-39.9%	$102.5M-5.1%	$108.0M+209.5%	$34.9M+81.8%	$19.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$43.0M+50.9%	$28.5M+24.5%	$22.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4B-1.0%	$2.4B+15.8%	$2.1B-0.4%	$2.1B-3.9%	$2.2B+2.6%	$2.1B
Current Liabilities	$350.7M-14.4%	$409.6M+13.7%	$360.4M-51.7%	$745.6M+532.4%	$117.9M+22.8%	$96.0M
Long-Term Debt	$2.0B+1.4%	$2.0B+23.1%	$1.6B+35.9%	$1.2B-37.8%	$1.9B+0.5%	$1.9B
Total Equity	$1.2B+23.1%	$993.3M+0.9%	$984.0M+9.6%	$897.8M+0.9%	$889.9M-14.2%	$1.0B
Retained Earnings	-$1.2B+3.5%	-$1.3B+6.0%	-$1.4B+1.6%	-$1.4B-26.9%	-$1.1B-21.6%	-$895.2M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$3.6B+8.2%	$3.4B-2.0%	$3.4B+7.5%	$3.2B+3.3%	$3.1B+2.8%	$3.0B-0.2%	$3.0B+0.4%	$3.0B
Current Assets	$768.4M+64.1%	$468.3M-9.3%	$516.6M-5.4%	$546.2M+33.3%	$409.9M+19.9%	$341.9M-2.3%	$349.9M+50.6%	$232.4M
Cash & Equivalents	$379.7M+310.9%	$92.4M+50.0%	$61.6M-68.2%	$193.5M+88.8%	$102.5M+22.3%	$83.8M-22.4%	$108.0M+263.6%	$29.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$53.9M+25.3%	$43.0M+28.7%	$33.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4B+2.7%	$2.3B-3.6%	$2.4B+11.2%	$2.2B+4.1%	$2.1B+0.3%	$2.1B-0.7%	$2.1B-7.7%	$2.3B
Current Liabilities	$350.7M-4.5%	$367.1M-10.4%	$409.6M+17.4%	$349.0M-3.2%	$360.4M-9.6%	$398.5M-46.6%	$745.6M-60.4%	$1.9B
Long-Term Debt	$2.0B+4.5%	$1.9B-3.0%	$2.0B+14.1%	$1.7B+7.8%	$1.6B+5.0%	$1.5B+29.4%	$1.2B+322.7%	$281.8M
Total Equity	$1.2B+20.7%	$1.0B+1.9%	$993.3M-0.6%	$999.2M+1.5%	$984.0M+8.6%	$906.2M+0.9%	$897.8M+26.2%	$711.5M
Retained Earnings	-$1.2B+2.1%	-$1.3B+1.4%	-$1.3B+2.7%	-$1.3B+3.4%	-$1.4B+2.1%	-$1.4B-0.5%	-$1.4B-5.8%	-$1.3B

BORR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$251.9M+225.9%	$77.3M+252.5%	-$50.7M-181.1%	$62.5M+206.1%	-$58.9M-7.5%	-$54.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$124.5M+69.6%	-$409.4M-292.9%	-$104.2M-26.2%	-$82.6M-302.0%	$40.9M+134.2%	-$119.7M
Financing Cash Flow	$190.8M-34.7%	$292.0M+110.1%	$139.0M+50.1%	$92.6M+106.7%	$44.8M-31.3%	$65.2M
Dividends Paid	$4.7M-93.8%	$76.3M	$0	$0	N/A	N/A
Share Buybacks	$200K-99.0%	$19.9M+2387.5%	$800K	$0	$0	$0

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$6.3M	N/A	$16.0M	N/A	$2.4M	N/A	-$8.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$13.4M	N/A	-$13.4M	N/A	-$15.9M	N/A	-$15.6M
Financing Cash Flow	N/A	-$70.7M	N/A	-$91.1M	N/A	-$161.4M	N/A	$3.6M
Dividends Paid	N/A	$0	N/A	$23.9M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	N/A	$0	N/A	N/A	N/A	N/A

BORR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	31.6%-5.5pp	37.0%+4.6pp	32.5%+55.4pp	-23.0%+13.0pp	-36.0%+25.1pp	-61.1%
Net Margin	4.4%-3.7pp	8.1%+5.3pp	2.9%+68.8pp	-66.0%+12.7pp	-78.7%+24.6pp	-103.3%
Return on Equity	3.7%-4.6pp	8.3%+6.0pp	2.3%+34.9pp	-32.6%-10.9pp	-21.7%+8.9pp	-30.6%
Return on Assets	1.2%-1.2pp	2.4%+1.7pp	0.7%+10.5pp	-9.8%-3.5pp	-6.3%+3.7pp	-10.0%
Current Ratio	2.19+0.9	1.26+0.1	1.14+0.7	0.47-1.0	1.49+0.0	1.47
Debt-to-Equity	1.65-0.4	2.01+0.4	1.65+0.3	1.33-0.8	2.15+0.3	1.84
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	36.0%	N/A	38.4%	N/A	31.9%	N/A	-116.8%
Net Margin	N/A	13.1%	N/A	11.7%	N/A	0.4%	N/A	-157.0%
Return on Equity	N/A	3.5%	N/A	3.2%	N/A	0.1%	N/A	-23.2%
Return on Assets	N/A	1.1%	N/A	1.0%	N/A	0.0%	N/A	-5.5%
Current Ratio	2.19+0.9	1.28+0.0	1.26-0.3	1.56+0.4	1.14+0.3	0.86+0.4	0.47+0.3	0.12
Debt-to-Equity	1.65-0.3	1.91-0.1	2.01+0.3	1.75+0.1	1.65-0.1	1.70+0.4	1.33+0.9	0.40
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is BORR DRILLING LTD's annual revenue?

BORR DRILLING LTD (BORR) reported $1.0B in total revenue for fiscal year 2025. This represents a 1.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BORR DRILLING LTD's revenue growing?

BORR DRILLING LTD (BORR) revenue grew by 1% year-over-year, from $1.0B to $1.0B in fiscal year 2025.

Is BORR DRILLING LTD profitable?

Yes, BORR DRILLING LTD (BORR) reported a net income of $45.0M in fiscal year 2025, with a net profit margin of 4.4%.

What is BORR DRILLING LTD's EBITDA?

BORR DRILLING LTD (BORR) had EBITDA of $470.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BORR DRILLING LTD have?

As of fiscal year 2025, BORR DRILLING LTD (BORR) had $379.7M in cash and equivalents against $2.0B in long-term debt.

What is BORR DRILLING LTD's operating margin?

BORR DRILLING LTD (BORR) had an operating margin of 31.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BORR DRILLING LTD's net profit margin?

BORR DRILLING LTD (BORR) had a net profit margin of 4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does BORR DRILLING LTD pay dividends?

Yes, BORR DRILLING LTD (BORR) paid $0.02 per share in dividends during fiscal year 2025.

What is BORR DRILLING LTD's return on equity (ROE)?

BORR DRILLING LTD (BORR) has a return on equity of 3.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BORR DRILLING LTD's operating cash flow?

BORR DRILLING LTD (BORR) generated $251.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BORR DRILLING LTD's total assets?

BORR DRILLING LTD (BORR) had $3.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does BORR DRILLING LTD buy back shares?

Yes, BORR DRILLING LTD (BORR) spent $200K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does BORR DRILLING LTD have outstanding?

BORR DRILLING LTD (BORR) had 307M shares outstanding as of fiscal year 2025.

What is BORR DRILLING LTD's current ratio?

BORR DRILLING LTD (BORR) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.

What is BORR DRILLING LTD's debt-to-equity ratio?

BORR DRILLING LTD (BORR) had a debt-to-equity ratio of 1.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BORR DRILLING LTD's return on assets (ROA)?

BORR DRILLING LTD (BORR) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BORR DRILLING LTD's Altman Z-Score?

BORR DRILLING LTD (BORR) has an Altman Z-Score of 0.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is BORR DRILLING LTD's Piotroski F-Score?

BORR DRILLING LTD (BORR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BORR DRILLING LTD's earnings high quality?

BORR DRILLING LTD (BORR) has an earnings quality ratio of 5.60x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can BORR DRILLING LTD cover its interest payments?

BORR DRILLING LTD (BORR) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is BORR DRILLING LTD?

BORR DRILLING LTD (BORR) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.