Borr Drilling Limited
EnergyNYSE:BORR · New York Stock Exchange
-$0.08 today
Vol 3.34M · Avg 8.66M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.1B of revenue converted into $35.9M of net income for the selected period. Gross margin is 45.5% and net margin is 3.0%, showing how much revenue survives after costs and taxes. EPS is $0.13, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B +1.0% | $1.0B +31.0% | $771.6M +73.9% | $443.8M +80.9% | $245.3M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $648.6M +394.4% | $131.2M +11.8% | $117.4M +0.8% | $116.5M -2.6% | $119.6M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $372.2M -57.7% | $879.4M +34.4% | $654.2M +99.9% | $327.3M +160.4% | $125.7M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 36.5% -50.6pp | 87.0% +2.2pp | 84.8% +11.0pp | 73.7% +22.5pp | 51.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $50.4M +2.4% | $49.2M +9.1% | $45.1M +22.6% | $36.8M +6.1% | $34.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $50.4M -90.0% | $505.2M +25.1% | $403.8M -5.9% | $429.2M +100.6% | $214.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $148.0M +12.8% | $131.2M +11.8% | $117.4M +0.8% | $116.5M -2.6% | $119.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $462.3M -2.3% | $473.0M +42.5% | $331.9M +1121.2% | -$32.5M -211.3% | $29.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 45.3% -1.5pp | 46.8% +3.8pp | 43.0% +50.3pp | -7.3% -19.2pp | 11.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $321.8M -14.0% | $374.2M +49.4% | $250.4M +345.7% | -$101.9M -15.4% | -$88.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 31.5% -5.5pp | 37.0% +4.6pp | 32.5% +55.4pp | -23.0% +13.0pp | -36.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $3.7M -42.2% | $6.4M +30.6% | $4.9M -9.3% | $5.4M | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $228.4M +4.4% | $218.8M +21.9% | $179.5M +18.2% | $151.9M +63.5% | $92.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$235.9M -0.9% | -$233.9M -20.4% | -$194.3M -12.6% | -$172.5M -81.6% | -$95.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $85.9M -38.8% | $140.3M +150.1% | $56.1M +120.4% | -$274.4M -49.7% | -$183.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.4% -5.5pp | 13.9% +6.6pp | 7.3% +69.1pp | -61.8% +12.9pp | -74.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $40.9M -29.7% | $58.2M +71.2% | $34.0M +84.8% | $18.4M +89.7% | $9.7M | $1.3B | -$1.6B | $745.2M |
| Net Income | $45.0M -45.2% | $82.1M +271.5% | $22.1M +107.5% | -$292.8M -51.7% | -$193.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 4.4% -3.7pp | 8.1% +5.3pp | 2.9% +68.8pp | -66.0% +12.7pp | -78.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 -48.5% | $0 +264.6% | $0 +105.5% | -$2 -14.7% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 -46.9% | $0 +259.1% | $0 +105.4% | -$2 -14.7% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $262.3M +4.6% | $250.9M +2.7% | $244.3M +36.9% | $178.4M +32.4% | $134.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $264.5M +4.0% | $254.5M +2.5% | $248.2M +39.1% | $178.4M +32.4% | $134.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Global Partners LP
NYSE:GLP
$1.60B
Nabors Industries Ltd.
NYSE:NBR
$1.50B
Precision Drilling Corporation
NYSE:PDS
$1.24B
Sable Offshore Corp.
NYSE:SOC
$1.08B
Teekay Corporation
NYSE:TK
$1.07B
HighPeak Energy, Inc.
NASDAQ:HPK
$991.91M
CrossAmerica Partners LP
NYSE:CAPL
$858.47M
Vitesse Energy, Inc.
NYSE:VTS
$715.37M
Core Laboratories N.V.
NYSE:CLB
$606.63M
Tsakos Energy Navigation Limited
TNP
$539.36M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does BORR generate?
Borr Drilling Limited (BORR) reported $1.02B of revenue in fiscal 2025.
Is BORR profitable?
Borr Drilling Limited (BORR) reported $45.00M of net income, with a net margin of 4.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.