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

BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $267.7M, roughly 1.3× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 3.6%, a 9.6% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -1.5%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

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.

BJRI vs BORR — Head-to-Head

Bigger by revenue
BJRI
BJRI
1.3× larger
BJRI
$355.4M
$267.7M
BORR
Growing faster (revenue YoY)
BJRI
BJRI
+4.8% gap
BJRI
3.2%
-1.5%
BORR
Higher net margin
BORR
BORR
9.6% more per $
BORR
13.1%
3.6%
BJRI

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BJRI
BJRI
BORR
BORR
Revenue
$355.4M
$267.7M
Net Profit
$12.6M
$35.1M
Gross Margin
74.5%
Operating Margin
3.1%
36.0%
Net Margin
3.6%
13.1%
Revenue YoY
3.2%
-1.5%
Net Profit YoY
-24.2%
10.7%
EPS (diluted)
$0.58
$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
BJRI
BJRI
BORR
BORR
Q4 25
$355.4M
Q3 25
$365.6M
Q2 25
$348.0M
$267.7M
Q4 24
$325.7M
Q3 24
$349.9M
Q2 24
$337.3M
$271.9M
Q2 23
$187.5M
Q2 22
$105.3M
Net Profit
BJRI
BJRI
BORR
BORR
Q4 25
$12.6M
Q3 25
$22.2M
Q2 25
$13.5M
$35.1M
Q4 24
$-2.9M
Q3 24
$17.2M
Q2 24
$7.7M
$31.7M
Q2 23
$800.0K
Q2 22
$-165.3M
Gross Margin
BJRI
BJRI
BORR
BORR
Q4 25
74.5%
Q3 25
75.2%
Q2 25
75.0%
Q4 24
73.4%
Q3 24
74.3%
Q2 24
74.8%
Q2 23
Q2 22
Operating Margin
BJRI
BJRI
BORR
BORR
Q4 25
3.1%
Q3 25
5.8%
Q2 25
4.3%
36.0%
Q4 24
-0.8%
Q3 24
3.8%
Q2 24
2.4%
38.4%
Q2 23
31.9%
Q2 22
-116.8%
Net Margin
BJRI
BJRI
BORR
BORR
Q4 25
3.6%
Q3 25
6.1%
Q2 25
3.9%
13.1%
Q4 24
-0.9%
Q3 24
4.9%
Q2 24
2.3%
11.7%
Q2 23
0.4%
Q2 22
-157.0%
EPS (diluted)
BJRI
BJRI
BORR
BORR
Q4 25
$0.58
Q3 25
$0.97
Q2 25
$0.58
$0.14
Q4 24
$-0.13
Q3 24
$0.72
Q2 24
$0.32
$0.12
Q2 23
$0.00
Q2 22
$-1.09

Balance Sheet & Financial Strength

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

Metric
BJRI
BJRI
BORR
BORR
Cash + ST InvestmentsLiquidity on hand
$23.8M
$92.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$366.2M
$1.0B
Total Assets
$1.0B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
BORR
BORR
Q4 25
$23.8M
Q3 25
$26.0M
Q2 25
$19.0M
$92.4M
Q4 24
$18.4M
Q3 24
$16.2M
Q2 24
$18.8M
$195.3M
Q2 23
$83.8M
Q2 22
$29.7M
Total Debt
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
$60.5M
Q2 25
$85.5M
Q4 24
$66.5M
Q3 24
$63.5M
Q2 24
$58.0M
Q2 23
Q2 22
$281.8M
Stockholders' Equity
BJRI
BJRI
BORR
BORR
Q4 25
$366.2M
Q3 25
$386.6M
Q2 25
$371.5M
$1.0B
Q4 24
$376.2M
Q3 24
$386.5M
Q2 24
$375.4M
$999.2M
Q2 23
$906.2M
Q2 22
$711.5M
Total Assets
BJRI
BJRI
BORR
BORR
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
$3.4B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
$3.2B
Q2 23
$3.0B
Q2 22
$3.0B
Debt / Equity
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
0.16×
Q2 25
0.23×
Q4 24
0.18×
Q3 24
0.16×
Q2 24
0.15×
Q2 23
Q2 22
0.40×

Cash Flow & Capital Efficiency

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

Metric
BJRI
BJRI
BORR
BORR
Operating Cash FlowLast quarter
$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
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
$62.3M
Q2 25
$4.6M
$6.3M
Q4 24
$27.3M
Q3 24
$20.2M
Q2 24
$22.3M
$16.0M
Q2 23
$2.4M
Q2 22
$-8.5M
Free Cash Flow
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
$41.9M
Q2 25
$-12.1M
Q4 24
$7.6M
Q3 24
$735.0K
Q2 24
$448.0K
Q2 23
Q2 22
FCF Margin
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
11.5%
Q2 25
-3.5%
Q4 24
2.3%
Q3 24
0.2%
Q2 24
0.1%
Q2 23
Q2 22
Capex Intensity
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
5.6%
Q2 25
4.8%
Q4 24
6.0%
Q3 24
5.6%
Q2 24
6.5%
Q2 23
Q2 22
Cash Conversion
BJRI
BJRI
BORR
BORR
Q4 25
Q3 25
2.80×
Q2 25
0.34×
0.18×
Q4 24
Q3 24
1.18×
Q2 24
2.89×
0.50×
Q2 23
3.00×
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

BJRI
BJRI

Segment breakdown not available.

BORR
BORR

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

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