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Borr Drilling Limited

BORR Energy Oil & Gas Drilling

Borr Drilling Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 1.01% from fiscal 2024.

Revenue
−13.2%
EPS
−626.7%
Free cash flow
−323.9%
Total debt
+21.1%

Quarter to June 2026, against a year earlier

3.26 0.14 +4.49%
Market cap
$962.6M
P/E
0.0×
Fwd P/E
−3.7×
Dividend yield
0.00%
F-score
5/9
Altman Z
0.50
Beneish M
−2.54
Dividend safety
52/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 71.96
Sold, $m 39.47
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 1 — 3 — 4 3 7 —
Sell — — — — — — 1 — — 5 1 —
Insider Ownership 17.34%

Capital & Financial Ratios $m

Size
Market Cap 962.56
Revenue ttm 1,015.80
Net income ttm (243.60)
Free cash flow ttm (108.00)
Net debt Q 2,260.70
Valuation
P/E 0.00
Forward P/E (3.70) (negative: loss-making)
Price / sales 0.96
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.01
Financial health
Current ratio Q 2.53 (at or above 1.5: strong)
Debt / equity Q 2.58 (above 2: weak)
Interest coverage Q 0.00
Growth
Revenue growth Q −13.22% (below 0%: shrinking)
Operating income growth Q −99.69% (below 0%: shrinking)
EPS, this year −535.54% (below 0%: weak)
EPS, next year A +109.92% (at or above 15%: strong)
Revenue, next year A −3.19% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +39.90% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.3×, against a ten-year median of 5.6×; over the ten years it ranged from 2.4× in 2025 to 55.3× in 2019.
P/S against its own 10 years 30.14%
10-year low 10-year high
P/B against its own 10 years 57.26%
10-year low 10-year high
EV/Sales against its own 10 years 19.96%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
—
Growth, 2024–25
−93.8%/yr
  1. 0.32 ’24
  2. 0.02 ’25 −94
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 103 63 381 225
Receivables 56 184 192 193
Inventory — — — —
Other 240 261 188 167
410 517 768 597
2023 2024 2025 Q'26
Payables 36 82 34 62
ST’ Debt 83 118 129 —
Other 63 84 56 42
360 410 351 236

Compound Annual Growth %

10y 5y 3y
Sales — 27.12% 32.00%
Cash Flow — 0.00% 59.14%
Earnings — 0.00% 0.00%
Book Value — 3.35% 10.84%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate −0.11 Actual −0.22

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Jun 2026 −0.11 −0.22 Miss by 0.11
Sep 2026 −0.11 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.09) (0.79) — — —
’25 (0.07) 0.14 0.10 0.00 0.17
’24 0.06 0.12 0.04 0.10 0.32
’23 (0.03) 0.00 0.00 0.11 0.09
’22 (0.35) (1.09) (0.30) (0.09) (1.64)
’21 (0.46) (0.44) (0.24) (0.34) (1.43)
’20 (1.58) (1.66) (0.78) (0.44) (4.06)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 247 232 — — —
’25 217 268 277 259 1,021
’24 234 272 242 263 1,011
’23 172 188 192 221 772
’22 82 105 108 149 444
’21 48 55 73 69 245
’20 104 84 59 60 308
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 48 (22) — — —
’25 139 6 72 35 252
’24 24 16 48 (11) 77
’23 (8) 2 35 (79) (51)
’22 (15) (8) 8 78 63
’21 (17) (11) (7) (24) (59)
’20 (5) (5) (6) (38) (55)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (135) (30) — — —
’25 114 (7) 38 19 163
’24 5 3 (139) (201) (332)
’23 (37) (23) 11 (115) (165)
’22 (22) (24) (12) 38 (20)
’21 (18) (15) (13) (29) (75)
’20 (18) (3) (15) (24) (59)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 0 165 334 308 245 444 772 1,011 1,021 1,016 +217.0% 988 1,192 1,352 +9.8%
Gross margin, % — (36,100.00) (9.22) 7.84 12.07 26.42 40.31 53.43 54.84 50.96 42.08 +36,151.0 pt
EBT (1) (88) (188) (288) (301) (183) (274) 56 140 86 (198) n/m
EBT margin, % 0.00 (88,000.00) (114.25) (86.17) (98.02) (74.72) (61.83) 7.27 13.88 8.41 (19.50) +8.4 pt
Net income (1) (88) (191) (299) (318) (193) (293) 22 82 45 (244) n/m
Per share, $
Per share, $ Revenue 0.00 0.00 3.21 6.22 4.09 1.82 2.49 3.16 4.03 3.89 3.30 n/m
Earnings (0.73) (0.68) (3.71) (5.74) (4.06) (1.43) (1.64) 0.09 0.33 0.17 (0.78) n/m
Cash flow (0.08) (1.43) (2.63) (1.66) (0.73) (0.44) 0.35 (0.21) 0.31 0.96 0.43 n/m
Capex 0.00 (7.00) (6.84) (4.93) (0.06) (0.12) (0.46) (0.47) (1.63) (0.34) (0.78) n/m
Free cash flow (0.08) (8.43) (9.47) (6.58) (0.79) (0.56) (0.11) (0.67) (1.32) 0.62 (0.35) n/m
Book value 157.66 11.54 29.81 24.08 13.79 6.61 5.03 4.03 3.96 4.66 3.13 (32.4%)
Shares, m 1 129 51 54 75 135 178 244 251 262 288 +85.7%
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 86.63 11.47 22.39 0.00 13.4
P/S — 0.00 39.57 2.91 0.40 1.13 1.96 2.32 0.97 1.04 0.96 5.6
P/B — 8.65 4.25 0.75 0.12 0.31 0.97 1.82 0.99 0.86 1.01 2.1
EV/Sales — 0.00 46.11 7.65 6.55 8.79 5.40 4.39 2.99 2.77 3.31 9.4
EV/FCF — 0.00 (15.61) (7.23) (33.83) (28.71) (119.26) (20.57) (9.11) 17.30 (31.15) (24.1)
Cash, $m
Cash, $m Operating cash flow 0 (185) (135) (89) (55) (59) 63 (51) 77 252 133 n/m
Capex 0 (905) (352) (265) (5) (16) (83) (114) (409) (88) (241) +214.7%
Free cash flow 0 (1,090) (487) (354) (59) (75) (20) (165) (332) 163 (108) n/m
Balance, $m
Balance, $m Working capital 138 204 89 28 45 58 (396) 50 107 418 361 +13.1%
Net debt (138) (116) 1,079 1,585 1,890 1,878 1,527 1,599 2,048 1,770 2,261 n/m
Shareholders’ equity 158 1,493 1,534 1,294 1,037 890 898 984 993 1,223 962 +25.6%
Returns, %
Returns, % ROA (0.08) (9.62) (8.31) (9.61) (9.85) (6.17) (9.63) 0.73 2.53 1.28 (6.91) +1.4 pt
ROIC 0.00 (4.98) (3.14) (3.27) (4.01) (1.99) (2.63) 6.06 7.69 6.73 4.11 +6.7 pt
ROE (0.08) (10.66) (12.59) (21.05) (27.25) (20.03) (32.76) 2.35 8.30 4.06 (24.68) +4.1 pt
People
People Employees — — 664 694 1,345 1,926 2,504 2,869 2,719 2,784 — +22.7%
Revenue/emp, $m — 0.00 0.25 0.48 0.23 0.13 0.18 0.27 0.37 0.37 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Borr Drilling Limited vs peers in Oil & Gas Drilling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NE Noble Corporation PLC $6.4B 116× — (loss-making) −8.68% (below 0%: shrinking) n/m −116.84% (below 0%: shrinking) 35.71% 8.24% Compare
RIG Transocean Ltd. $5.7B 20.3× 22.1× −8.85% (below 0%: shrinking) n/m −49.44% (below 0%: shrinking) 100.00% 15.26% Compare
VAL Valaris Limited $5.4B 6.8× 30.5× −0.35% (below 0%: shrinking) −74.70% (below 0%: shrinking) −105.11% (below 0%: shrinking) 29.70% 13.70% Compare
PTEN Patterson-UTI Energy, Inc. $3.8B — (loss-making) — (loss-making) +14.14% (above 0%: growing) n/m +169.62% (above 0%: growing) 25.09% 4.71% Compare
HP Helmerich & Payne, Inc. $3.5B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.6B — (loss-making) 119× +17.91% (above 0%: growing) n/m +2,066.67% (above 0%: growing) 0.00% 10.28% Compare
NBR Nabors Industries Ltd. $1.1B — (loss-making) — (loss-making) +6.16% (above 0%: growing) −93.96% (below 0%: shrinking) +135.53% (above 0%: growing) 38.77% 8.96% Compare
BORR Borr Drilling Limited $962.6M — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13%
SOC Sable Offshore Corp. $349.2M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.6B 20.3× 30.5× −0.35% — +112.85% 32.70% 9.62%

All 9 Oil & Gas Drilling stocks →

Borr Drilling Limited (BORR) Latest News

2 Nov

Impact 4 · · Simply Wall St.
Impact 4 · · PR Newswire

29 Oct

Impact 4 · · PR Newswire

28 Oct

Impact 3 · · Zacks

26 Oct

Impact 4 · · The Telegraph
Impact 4 · · Investing.com
Impact 4 · · offshore-technology.com
Impact 4 · · PR Newswire
Impact 3 · · TIKR

25 Oct

Impact 3 · · PR Newswire

23 Oct

Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Simply Wall St.

12 Oct

Impact 3 · · Simply Wall St.

30 Sep

Impact 4 · · PR Newswire

22 Sep

Impact 3 · · The Motley Fool

18 Sep

Impact 4 ·

16 Sep

Impact 3 · · offshore-technology.com
Impact 3 ·

15 Sep

Impact 4 ·

8 Sep

Impact 3 ·

5 Sep

Impact 3 ·

3 Sep

Impact 3 ·
Impact 3 ·

2 Sep

Impact 3 ·

12 Aug

Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 · · Moby transcript

11 Aug

Impact 4 ·
stockrow.com/BORR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com