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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and Borr Drilling Ltd (BORR). Click either name above to swap in a different company.

Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $267.3M, roughly 1.0× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs -1.5%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

Borr Drilling Ltd is a global offshore drilling contractor owning and operating a modern fleet of high-spec jack-up rigs. It offers drilling services to oil and gas exploration and production firms, with main operations across the North Sea, Southeast Asia, Middle East, and West Africa for shallow-water and marginal field projects.

ASND vs BORR — Head-to-Head

Bigger by revenue
BORR
BORR
1.0× larger
BORR
$267.7M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+43.9% gap
ASND
42.3%
-1.5%
BORR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ASND
ASND
BORR
BORR
Revenue
$267.3M
$267.7M
Net Profit
$35.1M
Gross Margin
90.5%
Operating Margin
36.0%
Net Margin
13.1%
Revenue YoY
42.3%
-1.5%
Net Profit YoY
10.7%
EPS (diluted)
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASND
ASND
BORR
BORR
Q4 25
$267.3M
Q3 25
$230.7M
Q2 25
$170.7M
$267.7M
Q1 25
$109.0M
Q4 24
$187.8M
Q3 24
$62.5M
Q2 24
$38.9M
$271.9M
Q1 24
$103.6M
Net Profit
ASND
ASND
BORR
BORR
Q4 25
Q3 25
$-65.9M
Q2 25
$-42.0M
$35.1M
Q1 25
$-102.2M
Q4 24
Q3 24
$-107.1M
Q2 24
$-118.1M
$31.7M
Q1 24
$-141.5M
Gross Margin
ASND
ASND
BORR
BORR
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Q1 24
92.1%
Operating Margin
ASND
ASND
BORR
BORR
Q4 25
Q3 25
5.1%
Q2 25
-33.5%
36.0%
Q1 25
-103.2%
Q4 24
Q3 24
-167.3%
Q2 24
-370.2%
38.4%
Q1 24
-51.2%
Net Margin
ASND
ASND
BORR
BORR
Q4 25
Q3 25
-28.5%
Q2 25
-24.6%
13.1%
Q1 25
-93.7%
Q4 24
Q3 24
-171.5%
Q2 24
-303.9%
11.7%
Q1 24
-136.6%
EPS (diluted)
ASND
ASND
BORR
BORR
Q4 25
Q3 25
Q2 25
$0.14
Q1 25
Q4 24
Q3 24
Q2 24
$0.12
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASND
ASND
BORR
BORR
Cash + ST InvestmentsLiquidity on hand
$665.3M
$92.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-175.8M
$1.0B
Total Assets
$1.4B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
BORR
BORR
Q4 25
$665.3M
Q3 25
$582.2M
Q2 25
$533.6M
$92.4M
Q1 25
$559.4M
Q4 24
$604.3M
Q3 24
$675.6M
Q2 24
$279.4M
$195.3M
Q1 24
$345.9M
Stockholders' Equity
ASND
ASND
BORR
BORR
Q4 25
$-175.8M
Q3 25
$-188.0M
Q2 25
$-202.6M
$1.0B
Q1 25
$-205.0M
Q4 24
$-114.2M
Q3 24
$-105.1M
Q2 24
$-346.8M
$999.2M
Q1 24
$-257.2M
Total Assets
ASND
ASND
BORR
BORR
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.2B
$3.4B
Q1 25
$1.1B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$819.0M
$3.2B
Q1 24
$866.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASND
ASND
BORR
BORR
Operating Cash FlowLast quarter
$58.2M
$6.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
BORR
BORR
Q4 25
$58.2M
Q3 25
Q2 25
$6.3M
Q1 25
$-15.5M
Q4 24
$-330.7M
Q3 24
Q2 24
$16.0M
Q1 24
$-109.7M
Cash Conversion
ASND
ASND
BORR
BORR
Q4 25
Q3 25
Q2 25
0.18×
Q1 25
Q4 24
Q3 24
Q2 24
0.50×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASND
ASND

Segment breakdown not available.

BORR
BORR

Transferred Over Time$256.6M96%
Transferred At Point In Time$11.1M4%

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