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MARKETS / NYSE / BORR
NYSE · DRILLING OIL & GAS WELLS · MID CAP

Borr Drilling Ltd. BORR

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.0B
▲ 1.0% YoY
$45.0M
▼ 45.2% YoY
In brief

What this company does

Borr Drilling Limited is an offshore shallow-water drilling contractor providing worldwide offshore drilling services to the oil and gas industry. It owns 29 premium jack-up rigs, all delivered in 2008 or later, including five rigs acquired in early 2026 in the Five-Rig Acquisition. It contracts its jack-up rigs primarily on a dayrate basis to drill wells for customers, including integrated oil companies, state-owned national oil companies and independent oil and gas companies. It operates in significant oil-producing geographies throughout the world, including Southeast Asia, West Africa, the Americas, Middle East and North Africa and Europe. For the year ended December 31, 2025, its largest customers by total revenue were Eni S.p.A, PTT Exploration and Production Public Company Limited, Irish Energy Drilling Asset, DAC and Saudi Arabian Oil Company. It is registered under the laws of Bermuda, and its principal executive offices are located in Bermuda. Its operational headquarters are located in London and Dubai. The company traces its inception to 2016, when it began building its fleet of premium jack-up rigs through a series of acquisitions of existing rigs or partially constructed newbuildings.

Written from the business description in Borr Drilling Limited's annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.0B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.0
0.4B0.8B-0.2B201720182019202020212022202320242025
Compound annual growth
+32.0%
+27.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +27.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 31.6% · Net 4.4%
-50000%-100000%201720182019202020212022202320242025
ROE
FY2021 · ROE -18.6%
-10%-20%201720182019202020212022202320242025

Cash & shareholders
USD 4.7M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 4.7 · Net buybacks -186.3
40M80M-100M-200MDividendsNet buybacks201720182019202020212022202320242025

USD 4.7M in dividends — 10% of the year's profit went back to shareholders.

Total assetsUSD 3.6B
CashUSD 379.7M
Gross debtUSD 2.2B
Net debtUSD 1.8B
Current ratio2.19×

Not available: we don't have the shareholders' equity figure for this period.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B1.01.00.80.40.20.30.30.20.0
Operating income $B0.30.40.3−0.1−0.1−0.2−0.2−0.1−0.1
EBITDA $B0.50.50.40.00.0−0.1−0.0−0.1−0.1
Income tax $B0.00.10.00.00.00.00.00.00.0
Net income $B0.00.10.0−0.3−0.2−0.3−0.3−0.2−0.1
EPS, diluted $0.170.320.09−1.64−1.43−4.22−5.54−1.85−1.70
Dividend / sh $0.020.270.05······
Payout %10930−0·····
ROE %····−18.6−27.3−21.1−12.4·
Shares out B0.310.240.250.230.140.110.110.11·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityDrilling Oil & Gas Wells
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2017

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