BORR
Company Description
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.02B | 1.01B | 771.60M | 443.80M | 245.30M | 307.50M | 334.10M | 164.90M | 100,000 | 0 |
| Net Income | 45.00M | 82.10M | 22.10M | (292.80M) | (193.00M) | (317.60M) | (297.60M) | (190.50M) | (88.00M) | (755,000) |
| EPS | 0.17 | 0.33 | 0.09 | -1.64 | -1.43 | -4.06 | -5.59 | -3.70 | -3.40 | -0.01 |
| Free Cash Flow | 127.40M | (332.10M) | (164.70M) | (20.80M) | (77.80M) | (97.10M) | (360.60M) | (528.80M) | (1.09B) | (81,958) |
| FCF / Share | 0.49 | -1.32 | -0.67 | -0.12 | -0.58 | -1.29 | -6.71 | -10.28 | -41.03 | -0.00 |
| Operating CF | 251.90M | 77.30M | (50.70M) | 62.50M | (58.90M) | (54.70M) | (89.00M) | (135.20M) | (32.60M) | (79,031) |
| Total Assets | 3.63B | 3.42B | 3.08B | 3.00B | 3.08B | 3.17B | 3.28B | 2.91B | 1.67B | 158.09M |
| Total Debt | 2.15B | 2.11B | 1.70B | 1.60B | 1.92B | 1.91B | 1.71B | 1.18B | 87.00M | 0 |
| Cash & Equiv | 380.70M | 61.60M | 102.50M | 108.00M | 34.90M | 19.20M | 128.50M | 27.90M | 164.00M | 138.12M |
| Book Value | 1.22B | 993.30M | 984.00M | 897.80M | 889.90M | 1.04B | 1.29B | 1.53B | 1.49B | 157.84M |
| Return on Equity | 0.04 | 0.08 | 0.02 | -0.33 | -0.22 | -0.31 | -0.23 | -0.12 | -0.06 | -0.00 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 247.00M | 259.40M | 277.10M | 267.70M | 216.60M | 263.10M | 241.60M | 271.90M | 234.00M | 220.60M | 191.50M | 187.50M |
| Net Income | (29.00M) | (1.00M) | 30.80M | 35.10M | (16.90M) | 26.30M | 9.70M | 31.70M | 14.40M | 28.40M | 300,000 | 800,000 |
| EPS | -0.09 | -0.00 | 0.11 | 0.15 | -0.07 | 0.11 | 0.04 | 0.13 | 0.06 | 0.11 | 0.00 | 0.00 |
| Free Cash Flow | (134.80M) | (17.30M) | 38.20M | (7.10M) | 113.60M | (204.70M) | (139.00M) | 2.60M | 5.20M | (119.96M) | 10.70M | (23.30M) |
| FCF / Share | -0.44 | -0.06 | 0.14 | -0.03 | 0.47 | -0.82 | -0.55 | 0.01 | 0.02 | -0.48 | 0.04 | -0.10 |
| Operating CF | 48.10M | 34.80M | 72.10M | 6.30M | 138.70M | (14.80M) | 48.40M | 16.00M | 23.90M | (81.98M) | 34.50M | 2.40M |
| Total Assets | 3.80B | 3.63B | 3.52B | 3.35B | 3.40B | 3.42B | 3.34B | 3.18B | 3.29B | 3.08B | 3.04B | 3.00B |
| Total Debt | 2.30B | 2.15B | 2.06B | 2.05B | 2.12B | 2.11B | 2.00B | 1.84B | 1.90B | 1.70B | 1.63B | 1.64B |
| Cash & Equiv | 246.90M | 380.70M | 228.80M | 92.40M | 170.00M | 61.60M | 185.70M | 193.50M | 282.70M | 102.50M | 94.50M | 83.80M |
| Book Value | 1.20B | 1.22B | 1.14B | 1.01B | 974.90M | 993.30M | 988.20M | 999.20M | 989.60M | 984.00M | 918.10M | 906.20M |
| Return on Equity | -0.02 | -0.00 | 0.03 | 0.03 | -0.02 | 0.03 | 0.01 | 0.03 | 0.01 | 0.03 | 0.00 | 0.00 |