Borr Drilling (BORR) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.0B
Gross Profit
879.4M
87.02%
Operating Income
373.8M
36.99%
Net Income
82.1M
8.12%
EPS (Diluted)
$0.32
Balance Sheet Metrics
Total Assets
3.4B
Total Liabilities
2.4B
Shareholders Equity
993.3M
Debt to Equity
2.44
Cash Flow Metrics
Operating Cash Flow
90.8M
Free Cash Flow
-332.1M
Revenue & Profitability Trend
Borr Drilling Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.0B | 771.6M | 443.8M | 245.3M | 307.5M |
| Cost of Goods Sold | 131.2M | 117.4M | 116.5M | 119.6M | 117.9M |
| Gross Profit | 879.4M | 654.2M | 327.3M | 125.7M | 189.6M |
| Operating Expenses | 49.2M | 45.1M | 36.8M | 34.7M | 49.1M |
| Operating Income | 373.8M | 249.8M | 25.6M | -89.5M | -129.9M |
| Pre-tax Income | 140.3M | 56.1M | -274.4M | -183.3M | -301.4M |
| Income Tax | 58.2M | 34.0M | 18.4M | 9.7M | 16.2M |
| Net Income | 82.1M | 22.1M | -292.8M | -193.0M | -317.6M |
| EPS (Diluted) | $0.32 | $0.09 | -$1.64 | -$1.43 | -$4.06 |
Income Statement Trend
Borr Drilling Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 516.6M | 409.9M | 349.9M | 176.2M | 140.8M |
| Non-Current Assets | 2.9B | 2.7B | 2.7B | 2.9B | 3.0B |
| Total Assets | 3.4B | 3.1B | 3.0B | 3.1B | 3.2B |
| Liabilities | |||||
| Current Liabilities | 409.6M | 360.4M | 745.6M | 117.9M | 96.0M |
| Non-Current Liabilities | 2.0B | 1.7B | 1.4B | 2.1B | 2.0B |
| Total Liabilities | 2.4B | 2.1B | 2.1B | 2.2B | 2.1B |
| Equity | |||||
| Total Shareholders Equity | 993.3M | 984.0M | 897.8M | 889.9M | 1.0B |
Balance Sheet Composition
Borr Drilling Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 82.1M | 22.1M | -292.8M | -193.0M | -317.6M |
| Operating Cash Flow | 90.8M | 18.8M | -117.8M | -77.3M | -161.5M |
| Investing Activities | |||||
| Capital Expenditures | -409.4M | -114.0M | -82.6M | -16.2M | -4.7M |
| Investing Cash Flow | -409.4M | -104.2M | -82.6M | 40.9M | -119.7M |
| Financing Activities | |||||
| Dividends Paid | -76.3M | - | - | - | - |
| Financing Cash Flow | 289.7M | 138.2M | 92.6M | 44.8M | 65.2M |
| Free Cash Flow | -332.1M | -164.7M | -20.8M | -77.8M | -97.2M |
Cash Flow Trend
Borr Drilling Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
10.95
Forward P/E
2.57
Price to Book
0.51
Price to Sales
0.50
PEG Ratio
2.57
Profitability Ratios
Profit Margin
5.11%
Operating Margin
27.61%
Return on Equity
5.17%
Return on Assets
6.52%
Financial Health
Current Ratio
1.25
Debt to Equity
217.04
Beta
1.79
Per Share Data
EPS (TTM)
$0.19
Book Value per Share
$4.07
Revenue per Share
$4.00
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| borr | 497.8M | 10.95 | 0.51 | 5.17% | 5.11% | 217.04 |
| Noble | 4.6B | 9.43 | 0.95 | 10.76% | 14.69% | 42.48 |
| Transocean | 2.5B | -4.50 | 0.24 | -6.65% | -18.79% | 65.11 |
| Helmerich & Payne | 1.7B | 7.78 | 0.58 | 7.58% | 7.15% | 75.26 |
| Seadrill Limited | 1.7B | 5.00 | 0.57 | 12.75% | 28.88% | 21.25 |
| Precision Drilling | 651.2M | 8.80 | 0.38 | 6.58% | 5.84% | 51.12 |
Financial data is updated regularly. All figures are in the company's reporting currency.