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Side-by-side financial comparison of BIOCRYST PHARMACEUTICALS INC (BCRX) and Borr Drilling Ltd (BORR). Click either name above to swap in a different company.

BIOCRYST PHARMACEUTICALS INC is the larger business by last-quarter revenue ($406.6M vs $267.7M, roughly 1.5× Borr Drilling Ltd). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs 13.1%, a 47.4% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs -1.5%).

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

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.

BCRX vs BORR — Head-to-Head

Bigger by revenue
BCRX
BCRX
1.5× larger
BCRX
$406.6M
$267.7M
BORR
Growing faster (revenue YoY)
BCRX
BCRX
+210.6% gap
BCRX
209.1%
-1.5%
BORR
Higher net margin
BCRX
BCRX
47.4% more per $
BCRX
60.5%
13.1%
BORR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BCRX
BCRX
BORR
BORR
Revenue
$406.6M
$267.7M
Net Profit
$245.8M
$35.1M
Gross Margin
97.7%
Operating Margin
64.0%
36.0%
Net Margin
60.5%
13.1%
Revenue YoY
209.1%
-1.5%
Net Profit YoY
1017.5%
10.7%
EPS (diluted)
$1.13
$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
BCRX
BCRX
BORR
BORR
Q4 25
$406.6M
Q3 25
$159.4M
Q2 25
$163.4M
$267.7M
Q1 25
$145.5M
Q4 24
$131.5M
Q3 24
$117.1M
Q2 24
$109.3M
$271.9M
Q1 24
$92.8M
Net Profit
BCRX
BCRX
BORR
BORR
Q4 25
$245.8M
Q3 25
$12.9M
Q2 25
$5.1M
$35.1M
Q1 25
$32.0K
Q4 24
$-26.8M
Q3 24
$-14.0M
Q2 24
$-12.7M
$31.7M
Q1 24
$-35.4M
Gross Margin
BCRX
BCRX
BORR
BORR
Q4 25
97.7%
Q3 25
98.6%
Q2 25
98.3%
Q1 25
96.9%
Q4 24
95.4%
Q3 24
97.3%
Q2 24
98.4%
Q1 24
98.6%
Operating Margin
BCRX
BCRX
BORR
BORR
Q4 25
64.0%
Q3 25
18.6%
Q2 25
18.2%
36.0%
Q1 25
14.6%
Q4 24
-3.4%
Q3 24
6.6%
Q2 24
8.0%
38.4%
Q1 24
-15.6%
Net Margin
BCRX
BCRX
BORR
BORR
Q4 25
60.5%
Q3 25
8.1%
Q2 25
3.1%
13.1%
Q1 25
0.0%
Q4 24
-20.4%
Q3 24
-12.0%
Q2 24
-11.6%
11.7%
Q1 24
-38.1%
EPS (diluted)
BCRX
BCRX
BORR
BORR
Q4 25
$1.13
Q3 25
$0.06
Q2 25
$0.02
$0.14
Q1 25
$0.00
Q4 24
$-0.13
Q3 24
$-0.07
Q2 24
$-0.06
$0.12
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
BCRX
BCRX
BORR
BORR
Cash + ST InvestmentsLiquidity on hand
$274.7M
$92.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-119.2M
$1.0B
Total Assets
$514.2M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCRX
BCRX
BORR
BORR
Q4 25
$274.7M
Q3 25
$212.9M
Q2 25
$260.0M
$92.4M
Q1 25
$295.1M
Q4 24
$320.9M
Q3 24
$96.8M
Q2 24
$78.4M
$195.3M
Q1 24
$84.3M
Stockholders' Equity
BCRX
BCRX
BORR
BORR
Q4 25
$-119.2M
Q3 25
$-387.9M
Q2 25
$-421.6M
$1.0B
Q1 25
$-451.9M
Q4 24
$-475.9M
Q3 24
$-468.6M
Q2 24
$-475.6M
$999.2M
Q1 24
$-476.2M
Total Assets
BCRX
BCRX
BORR
BORR
Q4 25
$514.2M
Q3 25
$446.4M
Q2 25
$457.2M
$3.4B
Q1 25
$480.0M
Q4 24
$490.4M
Q3 24
$491.3M
Q2 24
$472.4M
$3.2B
Q1 24
$467.9M

Cash Flow & Capital Efficiency

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

Metric
BCRX
BCRX
BORR
BORR
Operating Cash FlowLast quarter
$292.0M
$6.3M
Free Cash FlowOCF − Capex
$291.2M
FCF MarginFCF / Revenue
71.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.19×
0.18×
TTM Free Cash FlowTrailing 4 quarters
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCRX
BCRX
BORR
BORR
Q4 25
$292.0M
Q3 25
$41.6M
Q2 25
$41.3M
$6.3M
Q1 25
$-27.5M
Q4 24
$-5.2M
Q3 24
$8.2M
Q2 24
$-1.4M
$16.0M
Q1 24
$-53.7M
Free Cash Flow
BCRX
BCRX
BORR
BORR
Q4 25
$291.2M
Q3 25
$40.3M
Q2 25
$41.1M
Q1 25
$-27.7M
Q4 24
$-5.9M
Q3 24
$8.2M
Q2 24
$-1.5M
Q1 24
$-53.9M
FCF Margin
BCRX
BCRX
BORR
BORR
Q4 25
71.6%
Q3 25
25.3%
Q2 25
25.2%
Q1 25
-19.0%
Q4 24
-4.5%
Q3 24
7.0%
Q2 24
-1.4%
Q1 24
-58.1%
Capex Intensity
BCRX
BCRX
BORR
BORR
Q4 25
0.2%
Q3 25
0.8%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.3%
Cash Conversion
BCRX
BCRX
BORR
BORR
Q4 25
1.19×
Q3 25
3.23×
Q2 25
8.12×
0.18×
Q1 25
-859.91×
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

BCRX
BCRX

Segment breakdown not available.

BORR
BORR

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

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