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 $1.4B against $637.0M — 2.2× 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 7 and Sable Offshore Corp. on 6.

Valuation

Metric BORR SOC Oil & Gas Drilling median
P/E n/m n/m —
P/S 1.37 n/m 1.45
P/B 1.45 1.29 1.40
Price to free cash flow n/m n/m 16.15
EV/EBITDA 9.94 n/m 8.53
EV/Sales 3.73 n/m 2.37
Earnings yield (17.18%) (99.10%) (2.00%)
Free cash flow yield (7.74%) (109.66%) 3.55%

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% (46.88%)
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 0.00% — —
Payout ratio — — —

Size

Metric BORR SOC Oil & Gas Drilling median
Market cap 1.40b 637.01m 3.77b

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