Borr Drilling Limited (BORR) Stock Analysis
Energy · Oil & Gas Drilling · NYSE
Borr Drilling Limited (BORR) posted $1.02B in revenue for fiscal 2025 (up 1.0% year over year), at a 4.4% net margin, and has compounded revenue about 32.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Borr Drilling Limited
Borr Drilling Limited has grown revenue from $443.80M to $1.02B over the last 4 fiscal years, compounding about 32% a year. The most recent year was up 1%, so growth has cooled from its longer-run pace.
Net margin sits at 4.4%, down 3.7 points year over year on a 85.5% gross margin. It carries about $2.15B of total debt.
At today's valuation the market is pricing in roughly 0% annual free-cash-flow growth. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Borr Drilling Limited's SEC filings — descriptive, not advice. Ask the analyst your own question →
Borr Drilling Limited revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $443.80M | $771.60M | $1.01B | $1.02B |
| Gross profit | $327.30M | $654.20M | $879.40M | $872.80M |
| Net income | $-292.80M | $22.10M | $82.10M | $45.00M |
| Net margin | -66.0% | 2.9% | 8.1% | 4.4% |
Source: Borr Drilling Limited SEC filings (10-K).
Borr Drilling Limited: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 34.2% over 3 years (228.9M → 307.2M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $2279.6M is 9.0× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into BORR stock?
At today's market cap of $1.45B, Borr Drilling Limited is priced for free-cash-flow growth of about 0% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $127.40M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Borr Drilling Limited financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Borr Drilling Limited financial history by metric
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About Borr Drilling Limited
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. 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.
Borr Drilling Limited — frequently asked questions
What is Borr Drilling Limited's revenue?
Borr Drilling Limited (BORR) reported revenue of $1.02B for fiscal year 2025, up 1.0% from the prior year, according to its SEC filings.
Is Borr Drilling Limited profitable?
Yes. BORR earned net income of $45.00M in fiscal 2025, a net margin of 4.4%.
What is BORR's P/E ratio?
Borr Drilling Limited trades at a price-to-earnings ratio of about 31.3 based on the latest data in our nightly-refreshed cache.
How fast is Borr Drilling Limited growing?
BORR's revenue grew at roughly 32.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Borr Drilling Limited have?
As of fiscal year 2025, BORR carried roughly $2.15B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Borr Drilling Limited's gross margin?
BORR's gross margin was 85.5% in fiscal 2025 — gross profit of $872.80M on revenue of $1.02B.
What is Borr Drilling Limited's market cap?
Borr Drilling Limited (BORR) has a market capitalization of about $1.45B, based on the latest data in our nightly-refreshed cache.
When does Borr Drilling Limited's fiscal year end?
BORR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BORR stock?
At today's market cap of $1.45B, Borr Drilling Limited is priced for free-cash-flow growth of about 0% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $127.40M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Borr Drilling Limited's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.