BORR - Borr Drilling Limited
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$5.70
DETAILS
HIGH:
$9.00
LOW:
$2.40
MEDIAN:
$5.70
CONSENSUS:
$5.70
UPSIDE:
3.26%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,020.8 | 1,010.6 | 771.6 | 443.8 | 245.3 | 307.5 | 334.1 | 164.9 | 0.1 | 0 |
| Cost of Revenue | 648.6 | 131.2 | 117.4 | 116.5 | 119.6 | 117.9 | 121.6 | 103.7 | 47.9 | 0 |
| Gross Profit | 372.2 | 879.4 | 654.2 | 327.3 | 125.7 | 189.6 | 212.5 | 61.2 | (36.1) | 0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 50.4 | 49.2 | 45.1 | 36.8 | 34.7 | 49.1 | 50.4 | 38.7 | 21 | 0.8 |
| Other Expenses | 0 | 456 | 358.7 | 392.4 | 179.3 | 328.5 | 312.9 | 180.1 | 67.6 | 0 |
| Operating Expenses | 50.4 | 505.2 | 403.8 | 429.2 | 214 | 377.6 | 363.3 | 192.6 | 57.2 | 0.8 |
| Operating Income | ||||||||||
| Operating Income | 321.8 | 374.2 | 250.4 | (101.9) | (88.3) | (188) | (150.8) | (131.4) | (109.7) | (0.8) |
| Interest Expense | 228.4 | 218.8 | 179.5 | 151.9 | 92.9 | 97.2 | 85.2 | 17.2 | 0.5 | 0 |
| Interest Income | 3.7 | 6.4 | 4.9 | 5.4 | 0 | 0.2 | 1.5 | 1.2 | 3.2 | 0 |
| Profitability | ||||||||||
| EBITDA | 469.8 | 473 | 331.9 | (32.5) | 29.2 | (96.1) | (116.1) | (80.4) | (66.3) | 1.2 |
| EBIT | 321.8 | 341.8 | 214.5 | (149) | (90.4) | (214) | (217.5) | (174.7) | (87.5) | (0.8) |
| Income Before Tax | 85.9 | 140.3 | 56.1 | (274.4) | (183.3) | (301.4) | (287.9) | (188.4) | (88) | (0.7) |
| Income Tax Expense | 40.9 | 58.2 | 34 | 18.4 | 9.7 | 16.2 | 11.2 | 2.5 | 0 | 0.0 |
| Net Income | 45 | 82.1 | 22.1 | (292.8) | (193) | (317.6) | (297.6) | (190.5) | (88) | (0.8) |
| Per Share Data | ||||||||||
| EPS (Basic) | 0.17 | 0.33 | 0.09 | -1.64 | -1.43 | -4.06 | -5.59 | -3.70 | -3.40 | -0.01 |
| EPS (Diluted) | 0.17 | 0.32 | 0.09 | -1.64 | -1.43 | -4.06 | -5.59 | -3.70 | -3.31 | -0.01 |
| Shares Outstanding | 262.3 | 250.9 | 244.3 | 178.4 | 134.7 | 75.2 | 53.7 | 51.4 | 26.6 | 101.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 380.7 | 61.6 | 102.5 | 108 | 34.9 | 19.2 | 128.5 | 27.9 | 164 | 138.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.2 | 4.4 | 0 |
| Net Receivables | 327 | 404.2 | 255.9 | 190.9 | 113.1 | 99 | 110.5 | 93.1 | 5.1 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83.4 | 0 | 0 |
| Other Current Assets | 23.1 | 42.4 | 40.5 | 41.4 | 21.6 | 9 | 9.1 | 116.6 | 49.4 | 0 |
| Total Current Assets | 739.1 | 516.6 | 409.9 | 349.9 | 176.2 | 133.6 | 256.2 | 208.6 | 225.5 | 138.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,744.7 | 2,826.8 | 2,588.3 | 2,598.2 | 2,871.3 | 2,967 | 2,954.2 | 2,649.4 | 1,426.1 | 0.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 11.8 | 14.5 | 15.7 | 20.6 | 19.4 | 62.7 | 33.7 | 31 | 20.7 | 0 |
| Other Non-Current Assets | 130 | 43.1 | 46.9 | 29.5 | 12.7 | 7.6 | 34.6 | 22.1 | 0 | 20.0 |
| Total Non-Current Assets | 2,886.5 | 2,903 | 2,670.2 | 2,651.8 | 2,904.1 | 3,037.5 | 3,023.8 | 2,705.1 | 1,446.8 | 20.0 |
| Total Assets | 3,625.6 | 3,419.6 | 3,080.1 | 3,001.7 | 3,080.3 | 3,171.1 | 3,280 | 2,913.7 | 1,672.3 | 158.1 |
| Current Liabilities | ||||||||||
| Account Payables | 33.8 | 81.6 | 35.5 | 47.7 | 34.7 | 20.4 | 14.1 | 9.6 | 9.6 | 0 |
| Short-Term Debt | 129.3 | 118.1 | 82.9 | 405.1 | 0 | 3.1 | 3.4 | 0 | 0 | 0 |
| Deferred Revenue | 24.2 | 43 | 59.5 | 57.3 | 3.9 | 2.6 | 5.6 | 3.2 | 0 | 0 |
| Other Current Liabilities | 163.4 | 4.4 | 6.1 | 42.2 | 1.4 | 57.9 | 202.6 | 102.4 | 0 | 0.0 |
| Total Current Liabilities | 350.7 | 409.6 | 360.4 | 745.6 | 117.9 | 96 | 249.7 | 119.3 | 21.1 | 0.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,021 | 1,992.5 | 1,618.8 | 1,191.1 | 1,915.9 | 1,903.3 | 1,703.3 | 1,174.6 | 87 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (71.3) | 0 |
| Other Non-Current Liabilities | 1.8 | 3.2 | 60.3 | 98.5 | 154.1 | 132.1 | 26.4 | 86.3 | 71.3 | 0.1 |
| Total Non-Current Liabilities | 2,052.3 | 2,016.7 | 1,735.7 | 1,358.3 | 2,072.5 | 2,038.3 | 1,736.2 | 1,260.9 | 158.3 | 0.0 |
| Total Liabilities | 2,403 | 2,426.3 | 2,096.1 | 2,103.9 | 2,190.4 | 2,134.3 | 1,985.9 | 1,380.2 | 179.4 | 0.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 31.6 | 26.5 | 26.5 | 23 | 13.8 | 11 | 5.6 | 5.3 | 4.8 | 0.8 |
| Retained Earnings | (1,231.8) | (1,276.8) | (1,358.9) | (1,381) | (1,088.2) | (895.2) | (576.7) | (279.2) | (88.8) | (0.8) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.6) | (6.2) | 0 |
| Total Stockholders' Equity | 1,222.6 | 993.3 | 984 | 897.8 | 889.9 | 1,036.8 | 1,293.9 | 1,531.8 | 1,490.9 | 157.8 |
| Total Liabilities & Equity | 3,625.6 | 3,419.6 | 3,080.1 | 3,001.7 | 3,080.3 | 3,171.1 | 3,280 | 2,913.7 | 1,672.3 | 158.1 |
| Debt Metrics | ||||||||||
| Total Debt | 2,150.3 | 2,111 | 1,702.2 | 1,596.7 | 1,916.6 | 1,909.3 | 1,713.2 | 1,175.7 | 87 | 0 |
| Net Debt | 1,769.6 | 2,049.4 | 1,599.7 | 1,488.7 | 1,881.7 | 1,890.1 | 1,584.7 | 1,147.8 | (77) | (138.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 45 | 82.1 | 22.1 | (292.8) | (193) | (305.2) | (308.1) | (190.9) | (88) | (0.7) |
| Depreciation & Amortization | 148 | 131.2 | 117.4 | 116.5 | 119.6 | 117.9 | 101.4 | 79.5 | 47.9 | 0 |
| Stock-Based Compensation | 0 | 9.1 | 5.6 | 2.6 | 0.9 | 0.7 | 3.9 | 3.7 | 8.2 | 0 |
| Change in Working Capital | 26.9 | (122.4) | (162.1) | 71 | 18.1 | 67.1 | 18.5 | (59.5) | 3.6 | 0.2 |
| Other Non-Cash Items | 35.2 | (23.4) | (16.6) | 167.3 | (4) | 63.6 | 93.9 | 32.5 | 0.1 | 0.2 |
| Operating Cash Flow | 251.9 | 77.3 | (50.7) | 62.5 | (58.9) | (54.7) | (89) | (135.2) | (32.6) | (0.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (124.5) | (409.4) | (114) | (83.3) | (18.9) | (42.4) | (271.6) | (393.6) | (1,057.3) | (0.0) |
| Acquisitions | 0 | 0 | 0 | 0.7 | 10.6 | (25.6) | (30.9) | (195.1) | (324.5) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (92.5) | (6.9) | (13) | (26.9) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 3 | 31.3 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 9.8 | 0.0 | 49.2 | 37.7 | 7 | 41.6 | (39.1) | (13.6) |
| Investing Cash Flow | (124.5) | (409.4) | (104.2) | (82.6) | 40.9 | (119.8) | (271.1) | (560.1) | (1,447.8) | (13.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 17.8 | 385.9 | 80.9 | (205.5) | 0 | 5 | 348.1 | 412.8 | 99.7 | 0 |
| Stock Repurchased | (0.2) | (19.9) | (0.8) | 0 | 0 | 0 | 0 | (19.7) | (8.4) | 0 |
| Dividends Paid | (4.7) | (76.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 2.3 | 58.9 | 0 | 0 | 0 | 0 | 190.4 | 0 | 12.7 |
| Financing Cash Flow | 190.8 | 292 | 139 | 92.6 | 44.8 | 65.2 | 397.3 | 583.5 | 1,506.3 | 148.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 318.2 | (40.1) | (15.9) | 72.5 | 26.8 | (109.3) | 37.2 | (111.8) | 25.9 | 134.8 |
| Cash at Beginning | 62.5 | 102.6 | 118.5 | 46 | 19.2 | 128.5 | 91.3 | 203.1 | 138.1 | 3.4 |
| Cash at End | 380.7 | 62.5 | 102.6 | 118.5 | 46 | 19.2 | 128.5 | 91.3 | 164 | 138.1 |
| Free Cash Flow | 127.4 | (332.1) | (164.7) | (20.8) | (77.8) | (97.1) | (360.6) | (528.8) | (1,089.9) | (0.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,020.8 | 1,010.6 | 771.6 | 443.8 | 245.3 | 307.5 | 334.1 | 164.9 | 0.1 | 0 |
| Gross Profit | 372.2 | 879.4 | 654.2 | 327.3 | 125.7 | 189.6 | 212.5 | 61.2 | (36.1) | 0 |
| Operating Income | 321.8 | 374.2 | 250.4 | (101.9) | (88.3) | (188) | (150.8) | (131.4) | (109.7) | (0.8) |
| Net Income | 45 | 82.1 | 22.1 | (292.8) | (193) | (317.6) | (297.6) | (190.5) | (88) | (0.8) |
| EPS (Diluted) | 0.17 | 0.32 | 0.09 | -1.64 | -1.43 | -4.06 | -5.59 | -3.70 | -3.31 | -0.01 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 380.7 | 61.6 | 102.5 | 108 | 34.9 | 19.2 | 128.5 | 27.9 | 164 | 138.1 |
| Total Assets | 3,625.6 | 3,419.6 | 3,080.1 | 3,001.7 | 3,080.3 | 3,171.1 | 3,280 | 2,913.7 | 1,672.3 | 158.1 |
| Total Debt | 2,150.3 | 2,111 | 1,702.2 | 1,596.7 | 1,916.6 | 1,909.3 | 1,713.2 | 1,175.7 | 87 | 0 |
| Stockholders' Equity | 1,222.6 | 993.3 | 984 | 897.8 | 889.9 | 1,036.8 | 1,293.9 | 1,531.8 | 1,490.9 | 157.8 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 251.9 | 77.3 | (50.7) | 62.5 | (58.9) | (54.7) | (89) | (135.2) | (32.6) | (0.1) |
| Capital Expenditure | (124.5) | (409.4) | (114) | (83.3) | (18.9) | (42.4) | (271.6) | (393.6) | (1,057.3) | (0.0) |
| Free Cash Flow | 127.4 | (332.1) | (164.7) | (20.8) | (77.8) | (97.1) | (360.6) | (528.8) | (1,089.9) | (0.1) |