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Stocks · Energy · Drilling Oil & Gas Wells

Borr Drilling Ltd

BORR Clue Score66
Bermuda Fiscal year ends December CIK 0001715497
$4.78 +3.69% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.78 +350.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 May 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue0.1Operating income−109.7Net income−88.0EPS, diluted−1.70Fiscal year 2018Revenue164.9 +164,800.0%Operating income−131.4Net income−190.5EPS, diluted−1.85Fiscal year 2019Revenue334.1 +102.6%Operating income−150.8Net income−297.6EPS, diluted−5.54Fiscal year 2020Revenue307.5 −8.0%Operating income−188.0Net income−317.6EPS, diluted−4.22Fiscal year 2021Revenue245.3 −20.2%Operating income−88.3Net income−193.0EPS, diluted−1.43Fiscal year 2022Revenue443.8 +80.9%Operating income−101.9Net income−292.8EPS, diluted−1.64Fiscal year 2023Revenue771.6 +73.9%Operating income250.4Net income22.1EPS, diluted0.09Fiscal year 2024Revenue1,010.6 +31.0%Operating income374.2Net income82.1 +271.5%EPS, diluted0.32Fiscal year 2025Revenue1,020.8 +1.0%Operating income322.1Net income45.0 −45.2%EPS, diluted0.17
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.1 164.9 334.1 307.5 245.3 443.8 771.6 1,010.6 1,020.8
Growth +164,800.0% +102.6% −8.0% −20.2% +80.9% +73.9% +31.0% +1.0%
Operating income −109.7 −131.4 −150.8 −188.0 −88.3 −101.9 250.4 374.2 322.1
Net income −88.0 −190.5 −297.6 −317.6 −193.0 −292.8 22.1 82.1 45.0
Growth +271.5% −45.2%
EPS, diluted −1.70 −1.85 −5.54 −4.22 −1.43 −1.64 0.09 0.32 0.17

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin−109,700.0%Net margin−88,000.0%Fiscal year 2018Operating margin−79.7%Net margin−115.5%Fiscal year 2019Operating margin−45.1%Net margin−89.1%Fiscal year 2020Operating margin−61.1%Net margin−103.3%Fiscal year 2021Operating margin−36.0%Net margin−78.7%Fiscal year 2022Operating margin−23.0%Net margin−66.0%Fiscal year 2023Operating margin32.5%Net margin2.9%Fiscal year 2024Operating margin37.0%Net margin8.1%Fiscal year 2025Operating margin31.6%Net margin4.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −109,700.0% −79.7% −45.1% −61.1% −36.0% −23.0% 32.5% 37.0% 31.6%
Net margin −88,000.0% −115.5% −89.1% −103.3% −78.7% −66.0% 2.9% 8.1% 4.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2017Operating cash flow−184.9Buybacks−8.4Fiscal year 2018Operating cash flow−135.2Buybacks−19.7Fiscal year 2019Operating cash flow−89.0Buybacks0.0Fiscal year 2020Operating cash flow−54.8Buybacks0.0Fiscal year 2021Operating cash flow−58.9Buybacks0.0Fiscal year 2022Operating cash flow62.5Buybacks0.0Dividends paid0.0Fiscal year 2023Operating cash flow−50.7Buybacks−0.8Dividends paid0.0Fiscal year 2024Operating cash flow77.3Buybacks−19.9Dividends paid−76.3Fiscal year 2025Operating cash flow251.9Buybacks−0.2Dividends paid−4.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −184.9 −135.2 −89.0 −54.8 −58.9 62.5 −50.7 77.3 251.9
Buybacks −8.4 −19.7 0.0 0.0 0.0 0.0 −0.8 −19.9 −0.2
Dividends paid n/a n/a n/a n/a n/a 0.0 0.0 −76.3 −4.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash203.1Shareholders’ equity1,492.9Fiscal year 2018Cash27.9Total debt1,174.6Net cash (debt)−1,146.7Shareholders’ equity1,531.8Debt to equity0.77Fiscal year 2019Cash59.1Total debt1,709.8Net cash (debt)−1,650.7Shareholders’ equity1,293.9Debt to equity1.32Fiscal year 2020Cash19.2Total debt1,906.2Net cash (debt)−1,887.0Shareholders’ equity1,036.8Debt to equity1.84Fiscal year 2021Cash34.9Total debt1,915.9Net cash (debt)−1,881.0Shareholders’ equity889.9Debt to equity2.15Fiscal year 2022Cash108.0Total debt1,191.1Net cash (debt)−1,083.1Shareholders’ equity897.8Debt to equity1.33Fiscal year 2023Cash102.5Total debt1,618.8Net cash (debt)−1,516.3Shareholders’ equity984.0Debt to equity1.65Fiscal year 2024Cash61.6Total debt1,992.5Net cash (debt)−1,930.9Shareholders’ equity993.3Debt to equity2.01Fiscal year 2025Cash379.7Total debt2,021.0Net cash (debt)−1,641.3Shareholders’ equity1,222.6Debt to equity1.65
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 203.1 27.9 59.1 19.2 34.9 108.0 102.5 61.6 379.7
Total debt n/a 1,174.6 1,709.8 1,906.2 1,915.9 1,191.1 1,618.8 1,992.5 2,021.0
Net cash (debt) n/a −1,146.7 −1,650.7 −1,887.0 −1,881.0 −1,083.1 −1,516.3 −1,930.9 −1,641.3
Shareholders’ equity 1,492.9 1,531.8 1,293.9 1,036.8 889.9 897.8 984.0 993.3 1,222.6
Debt to equity n/a 0.77 1.32 1.84 2.15 1.33 1.65 2.01 1.65

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−109,700.0% −79.7% −45.1% −61.1% −36.0% −23.0% 32.5% 37.0% 31.6%
−88,000.0% −114.3% −86.2% −98.0% −74.7% −61.8% 7.3% n/a n/a
−88,000.0% −115.5% −89.1% −103.3% −78.7% −66.0% 2.9% 8.1% 4.4%
Spending
21,000.0% 23.5% 15.1% 16.0% 14.1% 8.3% 5.8% 4.9% 4.9%
n/a n/a n/a n/a n/a n/a 60.6% n/a n/a
Returns
−5.9% −12.4% −23.0% −30.6% −21.7% −32.6% 2.2% 8.3% 3.7%
n/a −6.5% −9.1% −10.0% −6.3% −9.8% 0.7% 2.4% 1.2%
Balance and payout
n/a 0.77 1.32 1.84 2.15 1.33 1.65 2.01 1.65
n/a 47.4% 60.5% 67.3% 71.1% 70.1% 68.1% 71.0% 66.3%
n/a n/a n/a n/a n/a n/a 0.0% 92.9% 10.4%