Borr Drilling Limited (BORR) vs Sable Offshore Corp. (SOC)

Borr Drilling Limited and Sable Offshore Corp. are both Oil & Gas Drilling companies. Borr Drilling Limited is the larger, with a market value of $1.3B against $761.7M — 1.7× the size. Sable Offshore Corp. has the higher net margin (0.00% vs −24.0%) and the lower return on invested capital (−18.9% vs 4.11%). Across the 13 metrics below, Borr Drilling Limited leads on 8 and Sable Offshore Corp. on 5.

Valuation

Metric BORR SOC Oil & Gas Drilling median
P/E n/m n/m —
P/S 1.27 n/m 1.37
P/B 1.35 1.51 1.35
Price to free cash flow n/m n/m 15.47
EV/EBITDA 9.67 n/m 8.26
EV/Sales 3.63 n/m 2.31
Earnings yield (18.53%) (84.79%) (2.10%)
Free cash flow yield (8.35%) (93.84%) 3.40%

Profitability

Metric BORR SOC Oil & Gas Drilling median
Gross margin 42.08% — 39.29%
Operating margin 20.84% 0.00% 7.77%
Net margin (23.98%) 0.00% 0.00%
Free cash flow margin (10.63%) 0.00% 4.46%
Return on equity (24.68%) (103.21%) (2.78%)
Return on assets (6.91%) (24.55%) (1.64%)
Return on invested capital 4.11% (18.87%) 2.29%

Growth

Metric BORR SOC Oil & Gas Drilling median
Revenue growth (TTM) 2.71% — 4.14%
EPS growth (last fiscal year) (46.88%) 55.47% —
Revenue growth, 5-year CAGR 27.12% — 13.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BORR SOC Oil & Gas Drilling median
Debt to equity 2.58 2.45 0.61
Current ratio 2.53 0.24 1.89
Net debt to EBITDA 3.67 (2.10) 0.90

Dividend

Metric BORR SOC Oil & Gas Drilling median
Dividend yield 0.16% — —
Payout ratio 0.00 0.00 0.00

Size

Metric BORR SOC Oil & Gas Drilling median
Market cap 1.33b 761.72m 3.98b

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