BORR DRILLING LTD Financials
BORR DRILLING LTD (BORR) reported $1.0B in revenue for fiscal year 2025, up 1.0% from the prior fiscal year. This page shows its 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).
Borr Drilling’s business recovery is now visible in cash, but debt service still keeps shareholder earnings thin.
In the latest year, operating cash flow reached$251.9M while net income was only$45M , so the operating engine converted activity into cash far better than the income statement suggests. The reason profit still looks muted is that interest expense continues to absorb a large share of operating profit before it reaches equity holders.
The balance sheet looks less near-term strained: cash rose to
Revenue was roughly flat, yet operating margin eased from
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Not available for BORR DRILLING LTD, and counted as zero in the overall score.
BORR DRILLING LTD scores 0.58, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($2.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
BORR DRILLING LTD passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
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.
BORR DRILLING LTD earns $1.53 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
Earnings & Revenue
BORR DRILLING LTD generated $1.0B in revenue in fiscal year 2025. This represents an increase of 1.0% from the prior year.
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.
BORR DRILLING LTD reported $45.0M in net income in fiscal year 2025. This represents a decrease of 45.2% from the prior year.
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
BORR DRILLING LTD held $379.7M in cash against $2.0B in long-term debt as of fiscal year 2025.
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.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BORR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B+1.0% | $1.0B+31.0% | $771.6M+73.9% | $443.8M+80.9% | $245.3M-20.2% | $307.5M-8.0% | $334.1M+102.6% | $164.9M+164800.0% | $100K |
| 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-2.6% | $50.4M+30.2% | $38.7M+84.3% | $21.0M |
| Operating Income | $322.1M-13.9% | $374.2M+49.4% | $250.4M+345.7% | -$101.9M-15.4% | -$88.3M+53.0% | -$188.0M-24.7% | -$150.8M-14.8% | -$131.4M-19.8% | -$109.7M |
| Interest Expense | $210.9M+8.3% | $194.7M+9.9% | $177.2M+27.3% | $139.2M+40.0% | $99.4M+13.7% | $87.4M+24.1% | $70.4M+413.9% | $13.7M+2640.0% | $500K |
| Income Tax | $40.9M-29.7% | $58.2M+71.2% | $34.0M+84.8% | $18.4M+89.7% | $9.7M-40.1% | $16.2M+44.6% | $11.2M+348.0% | $2.5M | $0 |
| Net Income | $45.0M-45.2% | $82.1M+271.5% | $22.1M+107.5% | -$292.8M-51.7% | -$193.0M+39.2% | -$317.6M-6.7% | -$297.6M-56.2% | -$190.5M-116.5% | -$88.0M |
| EPS (Diluted) | $0.17-46.9% | $0.32+255.6% | $0.09+105.5% | -$1.64-14.7% | -$1.43 | -$4.22 | -$5.54 | -$1.85 | -$1.70 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
BORR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.6B+6.0% | $3.4B+11.0% | $3.1B+2.6% | $3.0B-2.6% | $3.1B-2.9% | $3.2B-3.3% | $3.3B+12.6% | $2.9B | N/A |
| Current Assets | $768.4M+48.7% | $516.6M+26.0% | $409.9M+17.1% | $349.9M+98.6% | $176.2M+25.1% | $140.8M-49.3% | $277.9M+33.2% | $208.6M | N/A |
| Cash & Equivalents | $379.7M+516.4% | $61.6M-39.9% | $102.5M-5.1% | $108.0M+209.5% | $34.9M+81.8% | $19.2M-67.5% | $59.1M+111.8% | $27.9M-86.3% | $203.1M |
| Accounts Receivable | N/A | N/A | N/A | $43.0M+50.9% | $28.5M+24.5% | $22.9M-43.0% | $40.2M+60.2% | $25.1M | 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+7.5% | $2.0B+43.9% | $1.4B | N/A |
| Current Liabilities | $350.7M-14.4% | $409.6M+13.7% | $360.4M-51.7% | $745.6M+532.4% | $117.9M+22.8% | $96.0M-61.6% | $249.7M+109.3% | $119.3M | N/A |
| 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+11.5% | $1.7B+45.6% | $1.2B | N/A |
| Total Equity | $1.2B+23.1% | $993.3M+0.9% | $984.0M+9.6% | $897.8M+0.9% | $889.9M-14.2% | $1.0B-19.9% | $1.3B-15.5% | $1.5B+2.6% | $1.5B |
| Retained Earnings | -$1.2B+3.5% | -$1.3B+6.0% | -$1.4B+1.6% | -$1.4B-26.9% | -$1.1B-21.6% | -$895.2M-55.2% | -$576.7M-106.6% | -$279.2M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill.
BORR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| 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+38.4% | -$89.0M+34.2% | -$135.2M+26.9% | -$184.9M |
| 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+55.8% | -$271.1M+51.6% | -$560.1M+55.4% | -$1.3B |
| 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-83.6% | $397.3M-31.9% | $583.5M-61.3% | $1.5B |
| Dividends Paid | $4.7M-93.8% | $76.3M | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $200K-99.0% | $19.9M+2387.5% | $800K | $0 | $0 | $0 | $0-100.0% | $19.7M+134.5% | $8.4M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
BORR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 31.6%-5.5pp | 37.0%+4.6pp | 32.5%+55.4pp | -23.0%+13.0pp | -36.0%+25.1pp | -61.1%-16.0pp | -45.1%+34.5pp | -79.7% | -109700.0% |
| Net Margin | 4.4%-3.7pp | 8.1%+5.3pp | 2.9%+68.8pp | -66.0%+12.7pp | -78.7% | -103.3% | -89.1% | -115.5% | -88000.0% |
| 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%-7.6pp | -23.0%-10.6pp | -12.4%-6.6pp | -5.9% |
| 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%-0.9pp | -9.1%-2.5pp | -6.5% | N/A |
| Current Ratio | 2.19+0.9x | 1.26+0.1x | 1.14+0.7x | 0.47-1.0x | 1.490.0x | 1.47+0.4x | 1.11-0.6x | 1.75 | N/A |
| Debt-to-Equity | 1.65-0.4x | 2.01+0.4x | 1.65+0.3x | 1.33-0.8x | 2.15+0.3x | 1.84+0.5x | 1.32+0.6x | 0.77 | N/A |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where BORR DRILLING LTD Ranks
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 1.0% 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.
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 0.58, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 1.53x, 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 Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.