Tearsheet

Borr Drilling (BORR)

Market Price (12/29/2025): $3.96 | Market Cap: $1.1 Bil
Sector: Energy | Industry: Oil & Gas Drilling

Borr Drilling (BORR)

Market Price (12/29/2025): $3.96
Market Cap: $1.1 Bil
Sector: Energy
Industry: Oil & Gas Drilling

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -86%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 167%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%		Stock price has recently run up significantly 6M Rtn6 month market price return is 117%
2	Megatrend and thematic drivers Megatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG.		Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 141%
4			Key risks BORR key risks include [1] a highly leveraged balance sheet and [2] significant operational and geopolitical risks tied to its market concentration in Mexico.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%
2	Megatrend and thematic drivers Megatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG.
3	Weak multi-year price returns 2Y Excs Rtn is -88%, 3Y Excs Rtn is -86%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 167%
5	Stock price has recently run up significantly 6M Rtn6 month market price return is 117%
6	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.5%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 141%
8	Key risks BORR key risks include [1] a highly leveraged balance sheet and [2] significant operational and geopolitical risks tied to its market concentration in Mexico.

Valuation, Metrics & Events

	12/29/25	2024	2023	2022	2021
Share Price CYE	$3.96	$3.87	$6.93	$4.68	$1.94
Market Cap CYE ($ Bil)	1.1	1.0	1.7	1.1	0.3
Total Debt ($ Bil)	2.1	2.1	1.7	1.6	1.9
Total Cash ($ Bil)	0.2	0.1	0.1	0.1	0.0
Enterprise Value ($ Bil)	2.9	3.1	3.4	2.7	2.2
Valuation Ratios
P/S TTM	1.1	1.0	2.3	2.0	1.1
P/EBIT TTM	3.3	2.9	8.4	-6.0	-3.1
P/E TTM	15.1	11.9	81.3	-3.0	-1.4
P/FCF TTM	-19.4	-2.9	-10.9	-42.6	-3.6
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.6	1.3	1.3
P/EBIT TTM (Sector)	7.7	6.7	5.7	4.1	4.7
P/E TTM (Sector)	11.3	10.3	8.5	5.6	5.4
P/FCF TTM (Sector)	7.1	7.0	7.6	5.0	5.4

	12/29/25	2024	2023
Share Price CYE	$3.96	$3.87	$6.93
Market Cap CYE ($ Bil)	1.1	1.0	1.7
Total Debt ($ Bil)	2.1	2.1	1.7
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	2.9	3.1	3.4
Valuation Ratios
P/S TTM	1.1	1.0	2.3
P/EBIT TTM	3.3	2.9	8.4
P/E TTM	15.1	11.9	81.3
P/FCF TTM	-19.4	-2.9	-10.9
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.6
P/EBIT TTM (Sector)	7.7	6.7	5.7
P/E TTM (Sector)	11.3	10.3	8.5
P/FCF TTM (Sector)	7.1	7.0	7.6

	BORR	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	1.0
Rev Chg Q	14.7%	7.3%
Rev Chg LTM	5.8%	6.1%
Rev Chg 3Y Avg	45.4%	5.5%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.4
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	34.7%	18.8%
CFO/Rev LTM	20.1%	20.4%
Net Inc Mgn	7.1%	13.1%
VALUATION	MODERATE
P/S	1.1	3.3
P/CFO	5.3	15.8
P/FCF	-19.4	20.7
P/E	15.1	23.7
STABILITY	POOR
Debt/Equity	1.88	0.21
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Contract Revenue Backlog	US$1.25 billion	11052025	Link
Technical Utilization	97.9%	9302025	Link
Economic Utilization	97.4%	9302025	Link
Contracted or Committed Rigs	23 out of 24	11052025	Link
Year-to-Date New Contract Commitments	22	11052025	Link
2026 Contract Coverage	62%	11052025	Link
2026 Average Dayrate	US$140,000	11052025	Link

Upcoming
2/18/2026	Earnings Release	Rev: - EPS: -

BORR Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Strong Third Quarter 2025 Financial Results. Borr Drilling reported robust third-quarter 2025 financial performance, with total operating revenues increasing to $241.6 million from $191.5 million in the prior year. Net income also saw a significant rise, reaching $9.7 million compared to $0.3 million a year ago, contributing positively to investor sentiment.

2. Positive Adjusted EBITDA Outlook for 2025. The company maintained an optimistic outlook, predicting a full-year 2025 adjusted EBITDA between $455 million and $470 million. This guidance, coupled with a 2% quarter-over-quarter increase in adjusted EBITDA to $135.6 million in Q3 2025, indicated strong operational efficiency and profitability.

Stock Movement Drivers

Fundamental Drivers

The 35.5% change in BORR stock from 9/28/2025 to 12/28/2025 was primarily driven by a 28.8% change in the company's Net Income Margin (%).

	9282025	12282025	Change
Stock Price ($)	2.93	3.97	35.49%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	989.00	1024.50	3.59%
Net Income Margin (%)	5.48%	7.06%	28.77%
P/E Multiple	12.92	15.13	17.12%
Shares Outstanding (Mil)	238.91	275.46	-15.30%
Cumulative Contribution			32.32%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025

	Return	Correlation
BORR	35.5%
Market (SPY)	4.3%	51.2%
Sector (XLE)	-3.9%	55.8%

Fundamental Drivers

The 116.9% change in BORR stock from 6/29/2025 to 12/28/2025 was primarily driven by a 72.5% change in the company's P/E Multiple.

	6292025	12282025	Change
Stock Price ($)	1.83	3.97	116.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	993.20	1024.50	3.15%
Net Income Margin (%)	5.11%	7.06%	37.97%
P/E Multiple	8.77	15.13	72.52%
Shares Outstanding (Mil)	243.39	275.46	-13.18%
Cumulative Contribution			113.17%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025

	Return	Correlation
BORR	116.9%
Market (SPY)	12.6%	42.6%
Sector (XLE)	4.5%	49.6%

Fundamental Drivers

The 11.2% change in BORR stock from 12/28/2024 to 12/28/2025 was primarily driven by a 42.1% change in the company's P/E Multiple.

	12282024	12282025	Change
Stock Price ($)	3.57	3.97	11.15%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	968.10	1024.50	5.83%
Net Income Margin (%)	8.70%	7.06%	-18.86%
P/E Multiple	10.65	15.13	42.08%
Shares Outstanding (Mil)	250.97	275.46	-9.76%
Cumulative Contribution			10.09%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025

	Return	Correlation
BORR	11.2%
Market (SPY)	17.0%	50.8%
Sector (XLE)	7.1%	57.4%

Fundamental Drivers

The -14.5% change in BORR stock from 12/29/2022 to 12/28/2025 was primarily driven by a -54.9% change in the company's P/S Multiple.

	12292022	12282025	Change
Stock Price ($)	4.64	3.97	-14.51%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	364.30	1024.50	181.22%
P/S Multiple	2.37	1.07	-54.89%
Shares Outstanding (Mil)	185.62	275.46	-48.40%
Cumulative Contribution			-34.53%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025

	Return	Correlation
BORR	-42.7%
Market (SPY)	48.4%	43.8%
Sector (XLE)	11.6%	53.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BORR Return	-91%	27%	141%	48%	-44%	2%	-76%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
BORR Win Rate	33%	58%	58%	67%	33%	58%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
BORR Max Drawdown	-97%	-30%	-9%	-8%	-52%	-58%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	BORR	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-63.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	172.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	196 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-97.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	3545.1%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	Not Fully Recovered days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-13.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	14.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	8 days	120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Borr Drilling's stock fell -63.3% during the 2022 Inflation Shock from a high on 2/16/2021. A -63.3% loss requires a 172.5% gain to breakeven.

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About Borr Drilling (BORR)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

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Here are 1-3 brief analogies for Borr Drilling:

Transocean for jack-up rigs: Like Transocean, Borr Drilling operates a fleet of offshore drilling rigs, but it specializes in modern jack-up rigs primarily for shallow-water operations.
Helmerich & Payne for offshore drilling: Similar to how Helmerich & Payne provides drilling rigs and services on land, Borr Drilling provides these services in offshore environments using its specialized jack-up rigs.

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Offshore Contract Drilling: Borr Drilling provides modern, high-specification jack-up rigs and associated crews to oil and gas companies for exploration and production drilling in shallow to mid-water depths.

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Major Customers of Borr Drilling (BORR)

Borr Drilling (BORR) is an offshore drilling contractor that owns and operates a fleet of modern jack-up rigs. As such, it sells its services primarily to other companies, specifically major oil and gas exploration and production (E&P) companies, rather than to individuals.

Based on their fleet status reports, contract announcements, and typical clients in the offshore drilling industry, Borr Drilling's major customers include a mix of international oil companies (IOCs) and national oil companies (NOCs). Key customers that are publicly traded include:

Shell plc (SHEL)
Exxon Mobil Corporation (XOM)
TotalEnergies SE (TTE)
Petróleo Brasileiro S.A. - Petrobras (PBR)
Eni S.p.A. (E)

Other significant clients, though not primarily listed on U.S. exchanges or privately held, often include companies like Pemex (Mexico's state-owned oil company) and various other regional and independent E&P firms.

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Seatrium Limited (SGX: S51)

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Patrick Schorn, Chief Executive Officer (will transition to Executive Chairman effective September 1, 2025)

Mr. Schorn was appointed Chief Executive Officer of Borr Drilling in September 2020, having served as a Director of the Company since January 2018. He will transition to the role of Executive Chairman effective September 1, 2025. Prior to joining Borr Drilling, he started his career in 1991 with Schlumberger, where he held various global management positions. These roles included Executive Vice President of Wells, President of Operations, President Production Group, President of Well Services, President of Completions, and GeoMarket Manager Russia. Mr. Schorn holds a Bachelor of Science degree in Oil and Gas Technology.

Magnus Vaaler, Chief Financial Officer

Mr. Vaaler became CFO of Borr Drilling in December 2020. He joined Borr Drilling in 2018 and previously served as the Vice President of Investor Relations and Treasury. Before his time at Borr Drilling, Mr. Vaaler gained extensive financial and offshore industry experience, including seven years as Treasurer and Vice President of Finance at Frontline and three years as Vice President of Finance at Offshore Merchant Partners. Frontline became majority-owned by Hemen Holding Limited, a Swedish company indirectly controlled by trusts established by John Fredriksen, in 1996. He holds a Bachelor of Commerce degree from University College Dublin.

Bruno Morand, Chief Commercial Officer (will become Chief Executive Officer effective September 1, 2025)

Mr. Morand has served as Borr Drilling's Chief Commercial Officer since 2023. He is a veteran of the offshore drilling industry with 20 years of experience, having held management positions with international rig contractors focusing on operational management, project management, marketing, and customer relationship management. Mr. Morand originally joined Borr Drilling in 2017 and has played an active role with the company's global portfolio of clients and strategic partners.

Harvey Snowling, Chief Operating Officer

Mr. Snowling is identified as the Chief Operating Officer at Borr Drilling.

Jehan Mawjee, Chief Accounting Officer

Ms. Mawjee serves as the Chief Accounting Officer at Borr Drilling.

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The key risks to Borr Drilling's business are primarily its high leverage, the inherent volatility of the oil and gas industry, and geopolitical and operational risks associated with its market exposure, particularly in Mexico.

High Leverage and Financial Stability: Borr Drilling faces substantial financial risk due to its significant debt load. As of June 30, 2025, the company's total principal debt outstanding was $2,112.3 million. This high leverage is a key financial challenge, contributing to substantial financial expenses that weigh heavily on net profit. The company's net debt to equity ratio of 160.3% is considered high, and its debt is not well covered by operating cash flow (10%). Furthermore, interest payments on its debt are not well covered by its earnings before interest and taxes (EBIT), with a coverage ratio of 1.6x. Borr Drilling has significant debts coming due that it will need to repay or refinance, which could impact its flexibility for growth.
Reliance on Volatile Oil and Gas Industry Conditions: Borr Drilling's business is highly dependent on the cyclical and unpredictable nature of the global oil and gas market. A decline in oil prices could lead to reduced investments in exploration and production, directly jeopardizing Borr Drilling's forecasts and overall business activity. The offshore drilling industry experiences periods of boom and bust, and low demand can severely impact Borr Drilling's utilization rates and day rates. The company remains exposed to volatile end markets where capital expenditure on oil and gas is a primary driver.
Geopolitical and Operational Risks, particularly Market Exposure to Mexico: The company faces material operational and geopolitical risks, particularly due to its significant exposure to the Mexican market. This includes risks related to customer collections and potential sanctions-induced contract terminations in Mexico. Broader operational risks also encompass the ability to secure new contracts, convert letters of intent into firm agreements, and manage contract suspensions, which can affect its backlog and revenue potential.

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The accelerated global energy transition, which is leading to a structural shift in capital expenditure away from new offshore oil and gas exploration and development towards renewable energy sources and decarbonization initiatives. This trend threatens to diminish the long-term demand for Borr Drilling's core service of providing jack-up rigs for hydrocarbon drilling, potentially leading to reduced utilization rates, lower day rates, and a shrinking addressable market for its services.

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Borr Drilling's primary business is the ownership and operation of modern jack-up rigs, providing offshore drilling services to the oil and gas exploration and production industry. These rigs are specifically designed for shallow to intermediate water depths, typically up to approximately 400 feet. The addressable market for Borr Drilling's main products and services is the global jack-up rigs market. The size of this market is estimated as follows:

The global jack-up rigs market was valued at USD 115.29 billion in 2022 and is projected to grow to USD 175.60 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2035.
Another estimate indicates the global jack-up rigs market was valued at USD 4.0 billion in 2022 and is projected to reach USD 6.8 billion by 2031, with a CAGR of 6.1% during the forecast period (2023-2031).
Further data suggests the global jack-up rigs market is projected to reach USD 4.8 billion in 2024 and expand to approximately USD 6.2 billion by 2030, growing at an estimated CAGR of 4.4% during the forecast period.
The jack-up rigs market was valued at USD 2.89 billion in 2023 and is poised to grow from USD 3.03 billion in 2024 to USD 4.48 billion by 2032, with a CAGR of 5.0% during the forecast period (2025-2032).
The jack-up rig market size was USD 3.49 billion in 2024 and is expected to grow to USD 3.71 billion in 2025 at a CAGR of 6.1%, reaching USD 4.72 billion in 2029 at a CAGR of 6.2%.

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Borr Drilling (BORR) is expected to drive future revenue growth over the next 2-3 years through several key factors:

Improved Day Rates: The company anticipates market tightening in the near to medium term, which is expected to support higher day rates for its jack-up rigs. Borr Drilling's 2025 fleet coverage has an average day rate of $145,000, with 2026 coverage at an average day rate of $140,000, including priced options.
High and Increasing Fleet Utilization: Borr Drilling consistently reports high technical and economic utilization rates across its fleet. The company expects improved utilization rates as the market continues to recover, indicating more of its rigs will be actively generating revenue.
Expansion and New Contract Wins in Key Markets: Borr Drilling has strategically expanded its market presence and secured new commitments. Recent contract extensions in Mexico and new awards in the U.S. Gulf of Mexico and Angola are significant. The company also highlights clear signs of demand inflection in major jack-up markets like Saudi Arabia and Mexico. Year-to-date in 2025, Borr Drilling was awarded 22 new contract commitments, representing over 4,820 days and approximately $625 million in potential contract revenue.
Modern Fleet Advantage: Borr Drilling's fleet of modern, high-quality jack-up rigs provides a competitive advantage. This allows them to secure premium day rates and is well-positioned to benefit from improving market conditions and increased demand for advanced drilling solutions.

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Share Repurchases

Borr Drilling's Board of Directors approved a $100 million share repurchase program on December 8, 2023.
Under this authorization, the company committed to repurchasing $20 million worth of shares by year-end 2024, completing the first $10 million tranche by November 20, 2024.
A second $10 million tranche began on December 13, 2024, and was to be completed by December 31, 2024, with purchases capped at $10 million and 4 million shares, at a maximum price of $5.00 per share. As of December 20, 2024, the company had purchased 2,279,305 shares for approximately $8.58 million under this tranche.

Share Issuance

In July 2025, Borr Drilling announced and completed a public offering of 50 million common shares at $2.05 per share, raising total gross proceeds of $102.5 million.
The offering was conducted in two tranches, with 30 million shares settled around July 7, 2025, and the remaining 20 million shares settled around August 7, 2025, following shareholder approval to increase authorized share capital.
The net proceeds from the offering, approximately $96.9 million, were intended for general corporate purposes, including debt service, capital expenditures, and working capital.

Inbound Investments

In July 2025, Borr Drilling secured commitments from commercial banks to increase its super senior revolving credit facility to $200 million and add a new $35 million senior secured revolving credit facility, contingent on a $100 million equity raise.
These facility changes, combined with the equity raise, were expected to increase available liquidity by more than $200 million, strengthening the company's financial position.

Capital Expenditures

Borr Drilling completed its newbuild program in November 2024 with the delivery of the final rig, "Var".
Capital expenditures for 2025 are projected to be below $50 million, representing a significant reduction following the completion of the newbuild program.
Net cash used in investing activities for the six months ended June 30, 2025, was $38.5 million, primarily for jack-up additions, activation costs, and capital additions for drilling equipment and long-term maintenance.

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CANG (100.0% | 0.7x)

Cango

MLCI (446.5% | 2.3x)

Mount Logan Capital

COHN (53.5% | 1.3x)

Cohen

Higher Rev Chg LTM (Value for BORR: 5.8%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for BORR: 45.4%)

NVDA (91.6%)

NVIDIA

APO (89.3%)

Apollo Asset Management

NU (62.1%)

ALNY (51.4%)

Alnylam Pharmaceuticals

HOOD (47.5%)

Robinhood Markets

Higher Op Mgn LTM (Value for BORR: 34.7%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

AVGO (40.8%)

Broadcom

Higher CFO/Rev LTM (Value for BORR: 20.1%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for BORR: -5.5%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for BORR: 7.5%)

MRK (10.2%)

Merck

WFC (8.7%)

Wells Fargo

UNH (8.5%)

UnitedHealth

RY (8.5%)

Royal Bank of Canada

ABT (8.3%)

Abbott Laboratories

		Best Bets In Energy Sector
	BORR	TPL	AM	MGY	INSW	DTM	CTRA	WHD	EQT	WMB	EOG
What You Pay
P/E	15.1	41.6	17.9	11.7	11.0	30.4	12.0	18.3	18.9	30.7	10.1
P/EBIT	3.3	33.9	10.1	8.7	9.4	17.0	8.8	12.3	10.8	15.7	7.7
What You Get
Rev Chg Q	14.7%	17.0%	8.7%	-2.5%	-12.8%	26.6%	33.7%	-10.0%	49.8%	10.2%	-2.3%
Rev Chg LTM	5.8%	12.5%	8.7%	0.7%	-23.6%	20.4%	25.1%	-3.8%	64.8%	9.0%	-5.0%
Rev Chg 3Y Avg	45.4%	5.7%	9.0%	-6.6%	16.7%	9.6%	-5.3%	22.9%	-2.8%	0.8%	-7.6%
FCF/Rev 3Y Avg	-10.9%	47.9%	46.6%	33.7%	29.6%	25.8%	24.8%	23.5%	23.5%	22.5%	22.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	null
2	Borr Drilling (BORR) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select ideas related to BORR. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.1%	12.1%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	6.4%	6.4%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.4%	5.4%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	28.1%	28.1%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.9%	-4.9%	-7.1%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Borr Drilling

Peers to compare with:

Financials

	BORR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Borr Dri.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	3.97	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	1.1	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	1,024	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	356	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	-56	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	-105	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	206	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	107	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	BORR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Borr Dri.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	5.8%	3.2%	13.8%	4.5%	8.9%	6.0%	5.9%
Rev Chg 3Y Avg	45.4%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	14.7%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	3.6%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	34.7%	6.6%	4.8%	17.7%	22.5%	31.9%	20.1%
Op Mgn 3Y Avg	33.0%	7.4%	7.2%	16.4%	24.2%	30.8%	20.3%
QoQ Delta Op Mgn LTM	0.2%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.1%
CFO/Rev LTM	20.1%	6.7%	8.5%	20.6%	23.8%	26.6%	20.4%
CFO/Rev 3Y Avg	12.1%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	-5.5%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	-10.9%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	BORR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Borr Dri.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	1.1	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	1.1	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	3.3	6.8	19.9	25.1	22.5	31.3	21.2
P/E	15.1	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	5.3	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	7.5%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	0.9%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	-8.7%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	1.9	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	1.7	0.3	0.6	0.2	0.0	0.0	0.3

Returns

	BORR	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Borr Dri.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	19.9%	-3.6%	12.7%	-1.1%	1.6%	-2.0%	0.2%
3M Rtn	35.5%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	116.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	11.2%	-27.0%	16.2%	40.5%	34.5%	7.5%	13.7%
3Y Rtn	-14.5%	-3.7%	67.3%	141.3%	79.6%	114.1%	73.5%
1M Excs Rtn	16.8%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	31.2%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	104.7%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	-8.4%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-85.5%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/5/2025	3/25/2025	3/27/2024	3/30/2023	4/11/2022	4/30/2021	6/16/2020
Key Financials
Total Revenue	1,024	1,011	772	444	245	308	334
EBITDA	476	473	332	-32	29	-96	-116
Operating Income	356	374	250	26	-90	-130	-146
Net Income	72	82	22	-293	-193	-318	-298
EPS	0.29	0.33	0.09	-1.64	-1.43	-4.22	-5.54
Growth Rates
Total Revenue Growth	5.8%	31.0%	73.9%	80.9%	-20.2%	-8.0%	102.6%
EBITDA Growth	7.9%	42.5%	1121.2%	-211.3%	130.4%	17.2%	-22.0%
Operating Income Growth	0.7%	49.6%	875.8%	128.6%	31.1%	10.9%	7.5%
Net Income Growth	-14.1%	271.5%	107.5%	-51.7%	39.2%	-6.7%	-56.2%
Margins
EBITDA Margin	46.4%	46.8%	43.0%	-7.3%	11.9%	-31.3%	-34.8%
Operating Income Margin	34.7%	37.0%	32.4%	5.8%	-36.5%	-42.2%	-43.6%
Net Income Margin	7.1%	8.1%	2.9%	-66.0%	-78.7%	-103.3%	-89.1%
Cash & Debt
Total Cash	228	62	102	108	35	19	59
Total Debt	2,056	2,111	1,702	1,638	1,917	1,909	1,713
Net Debt / (Cash)	1,828	2,049	1,600	1,530	1,882	1,890	1,654
Cash Flows
Net Cash from Operations	206	77	-51	62	-59	-55	-89
Free Cash from Operations	-56	-332	-165	-21	-78	-97	-361
Returns to Shareholders
Dividends	9	76	-0	-0	-0	-0	-0
Share Repurchases	20	20	1	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/5/2025	8/13/2025	5/21/2025	3/25/2025	11/6/2024	8/15/2024	5/23/2024	3/27/2024	11/16/2023	9/1/2023	5/23/2023	3/30/2023
Key Financials Quarterly
Total Revenue	277	268	217	263	242	272	234	221	192	188	172	149
Ebitda	130	131	87	126	108	128	111	94	84	81	73	43
Operating Income	98	96	60	101	84	104	85	80	64	60	46	26
Net Income	28	35	-17	26	10	32	14	28	0	1	-7	-21
EPS	0.10	0.15	-0.07	0.11	0.04	0.13	0.06	0.11	0.00	0.00	-0.03	0.04
Key Financials TTM
Total Revenue TTM	1,024	989	993	1,011	968	918	834	772	700	616	534	444
Ebitda TTM	476	453	449	473	440	417	370	332	281	210	30	-32
Operating Income TTM	356	341	349	374	353	333	289	250	195	143	84	26
Net Income TTM	72	54	51	82	84	75	44	22	-28	-83	-249	-293
Growth Rates Quarterly
Total Revenue Growth	14.7%	-1.5%	-7.4%	19.3%	26.2%	45.0%	36.0%	48.5%	77.5%	78.1%	109.8%	115.1%
EBITDA Growth	21.1%	2.7%	-21.3%	34.6%	27.7%	58.7%	52.0%	120.1%	520.6%	181.4%	614.7%	133.3%
Operating Income Growth	17.6%	-7.5%	-29.5%	25.7%	31.1%	74.7%	84.7%	210.8%	463.7%	8428.6%	473.2%	291.9%
Net Income Growth	186.6%	10.7%	-217.4%	-7.4%	3133.3%	3862.5%	294.6%	233.3%	100.5%	100.5%	85.6%	53.8%
Margins Quarterly
EBITDA Margin	47.1%	49.0%	40.3%	48.1%	44.6%	47.0%	47.4%	42.6%	44.1%	43.0%	42.4%	28.7%
Operating Income Margin	35.4%	36.0%	27.6%	38.5%	34.6%	38.4%	36.2%	36.5%	33.3%	31.8%	26.7%	17.4%
Net Income Margin	10.0%	13.1%	-7.8%	10.0%	4.0%	11.7%	6.2%	12.9%	0.2%	0.4%	-4.3%	-14.3%
Cash & Debt
Total Cash	228	92	170	62	186	195	283	102	94	84	90	108
Total Debt	2,056	2,052	2,115	2,111	1,999	1,844	1,897	1,702	1,632	1,640	1,800	1,638
Net Debt / (Cash)	1,828	1,959	1,945	2,049	1,813	1,649	1,615	1,600	1,538	1,556	1,710	1,530
Cash Flows Quarterly
FCF from Operations	72	6	139	-11	48	16	24	-79	34	2	-8	78
Cash Flows TTM
FCF from Operations TTM	206	182	192	77	9	-5	-19	-51	106	80	69	62
Returns to Shareholders Quarterly
Dividends	0	0	5	5	24	24	24	0	0	0	0	0
Share Repurchases	-0	-0	0	20	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	6.7%	8.1%	5.7%	6.9%	3.1%	7.2%	3.8%	8.2%	0.1%	0.4%	4.6%	2.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.6%	4.5%	4.1%	5.1%	5.9%	5.6%	4.0%	2.5%	5.1%	3.7%	2.1%	0.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	772
Dayrate		600	334	487	384
Reconciling items		-156	-390	-566	-118
Integrated Well Services (IWS)			302	386	68
Total	772	444	245	308	334

Price Behavior

Price Behavior

Market Price	$3.97
Market Cap ($ Bil)	1.1
First Trading Date	05/22/2018
Distance from 52W High	-8.9%
	50 Days	200 Days
DMA Price	$3.40	$2.53
DMA Trend	up	up
Distance from DMA	16.7%	56.8%
	3M	1YR
Volatility	63.2%	71.0%
Downside Capture	163.16	151.36
Upside Capture	277.75	138.62
Correlation (SPY)	48.5%	50.5%

BORR Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.93	2.57	2.54	2.40	1.76	1.56
Up Beta	0.79	2.79	3.70	2.94	1.83	1.58
Down Beta	3.51	3.03	2.88	2.58	2.30	1.86
Up Capture	265%	342%	237%	372%	126%	174%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	11	22	33	62	114	364
Down Capture	168%	179%	190%	152%	124%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	18	28	57	119	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of BORR With Other Asset Classes (Last 1Y)
	BORR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.2%	8.6%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	70.6%	24.4%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.44	0.29	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		57.2%	50.6%	4.7%	42.2%	33.2%	28.2%

ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of BORR With Other Asset Classes (Last 5Y)
	BORR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	15.6%	21.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	75.5%	26.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.52	0.75	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		54.8%	29.7%	11.0%	43.3%	20.8%	14.4%

Based On 10-Year Data

		Comparison of BORR With Other Asset Classes (Last 10Y)
	BORR	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-42.1%	8.2%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	126.3%	29.8%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.09	0.33	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		42.4%	24.4%	2.9%	30.6%	21.4%	10.1%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	12,914,519
Short Interest: % Change Since 11302025	-2.1%
Average Daily Volume	6,764,715
Days-to-Cover Short Interest	1.91
Basic Shares Quantity	275,460,333
Short % of Basic Shares	4.7%

Returns Analyses

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SEC Filings

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Report Date	Filing Date	Filing
9302025	11052025	6-K 9/30/2025
6302025	8132025	6-K 6/30/2025
3312025	5212025	6-K 3/31/2025
12312024	3252025	20-F 12/31/2024
9302024	11062024	6-K 9/30/2024
6302024	8152024	6-K 6/30/2024
3312024	5232024	6-K 3/31/2024
12312023	3272024	20-F 12/31/2023
9302023	11162023	6-K 9/30/2023
6302023	9012023	6-K 6/30/2023
3312023	5232023	6-K 3/31/2023
12312022	3302023	20-F 12/31/2022
9302022	11172022	6-K 9/30/2022
6302022	8112022	6-K 6/30/2022
3312022	6012022	6-K 3/31/2022
12312021	4112022	20-F 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Borr Drilling (BORR)

Market Price (12/29/2025): $3.96 | Market Cap: $1.1 BilSector: Energy | Industry: Oil & Gas Drilling

Borr Drilling (BORR)

Market Price (12/29/2025): $3.96Market Cap: $1.1 BilSector: EnergyIndustry: Oil & Gas Drilling

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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INDUSTRY: Oil & Gas Drilling

Higher Rev Chg LTM (Value for BORR: 5.8%)

Higher Rev Chg 3Y Avg (Value for BORR: 45.4%)

Higher CFO/Rev LTM (Value for BORR: 20.1%)

Higher FCF/Rev LTM (Value for BORR: -5.5%)

Higher Total Yield (Value for BORR: 7.5%)

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for BORR: 45.4% | 1.1x)

Higher Rev Chg LTM (Value for BORR: 5.8%)

Higher Rev Chg 3Y Avg (Value for BORR: 45.4%)

Higher Op Mgn LTM (Value for BORR: 34.7%)

Higher CFO/Rev LTM (Value for BORR: 20.1%)

Higher FCF/Rev LTM (Value for BORR: -5.5%)

Higher Total Yield (Value for BORR: 7.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for BORR: 45.4% | 1.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for BORR: 45.4% | 3.1x)

Higher Rev Chg LTM (Value for BORR: 5.8%)

Higher Rev Chg 3Y Avg (Value for BORR: 45.4%)

Higher Op Mgn LTM (Value for BORR: 34.7%)

Higher CFO/Rev LTM (Value for BORR: 20.1%)

Higher FCF/Rev LTM (Value for BORR: -5.5%)

Higher Total Yield (Value for BORR: 7.5%)

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Based On 1-Year Data

Market Price (12/29/2025): $3.96 | Market Cap: $1.1 Bil
Sector: Energy | Industry: Oil & Gas Drilling

Market Price (12/29/2025): $3.96
Market Cap: $1.1 Bil
Sector: Energy
Industry: Oil & Gas Drilling