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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $267.7M, roughly 1.8× Borr Drilling Ltd). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 13.1%, a 16.7% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -1.5%).
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.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
BORR vs CBSH — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $475.7M |
| Net Profit | $35.1M | $141.6M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | — |
| Net Margin | 13.1% | 29.8% |
| Revenue YoY | -1.5% | 11.1% |
| Net Profit YoY | 10.7% | 10.5% |
| EPS (diluted) | $0.14 | $0.96 |
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.
| Q1 26 | — | $475.7M | ||
| Q4 25 | — | $449.4M | ||
| Q3 25 | — | $441.0M | ||
| Q2 25 | $267.7M | $445.8M | ||
| Q1 25 | — | $428.1M | ||
| Q4 24 | — | $422.1M | ||
| Q3 24 | — | $421.4M | ||
| Q2 24 | $271.9M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | — | $140.7M | ||
| Q3 25 | — | $141.5M | ||
| Q2 25 | $35.1M | $152.5M | ||
| Q1 25 | — | $131.6M | ||
| Q4 24 | — | $136.1M | ||
| Q3 24 | — | $138.0M | ||
| Q2 24 | $31.7M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 41.9% | ||
| Q2 25 | 36.0% | 44.0% | ||
| Q1 25 | — | 39.2% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.4% | ||
| Q2 24 | 38.4% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 32.1% | ||
| Q2 25 | 13.1% | 34.2% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | 11.7% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | — | $0.86 | ||
| Q3 25 | — | $1.06 | ||
| Q2 25 | $0.14 | $1.14 | ||
| Q1 25 | — | $0.98 | ||
| Q4 24 | — | $0.83 | ||
| Q3 24 | — | $1.01 | ||
| Q2 24 | $0.12 | $1.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $92.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $4.3B |
| Total Assets | $3.4B | $35.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $195.3M | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $999.2M | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | — | $32.9B | ||
| Q3 25 | — | $32.3B | ||
| Q2 25 | $3.4B | $32.3B | ||
| Q1 25 | — | $32.4B | ||
| Q4 24 | — | $32.0B | ||
| Q3 24 | — | $31.5B | ||
| Q2 24 | $3.2B | $30.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $645.1M | ||
| Q3 25 | — | $129.0M | ||
| Q2 25 | $6.3M | $111.2M | ||
| Q1 25 | — | $138.6M | ||
| Q4 24 | — | $577.9M | ||
| Q3 24 | — | $431.7M | ||
| Q2 24 | $16.0M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $592.4M | ||
| Q3 25 | — | $113.3M | ||
| Q2 25 | — | $100.5M | ||
| Q1 25 | — | $126.0M | ||
| Q4 24 | — | $531.7M | ||
| Q3 24 | — | $419.1M | ||
| Q2 24 | — | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 131.8% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 22.5% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 126.0% | ||
| Q3 24 | — | 99.5% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.59× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | 0.18× | 0.73× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | — | 3.13× | ||
| Q2 24 | 0.50× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BORR
| Transferred Over Time | $256.6M | 96% |
| Transferred At Point In Time | $11.1M | 4% |
CBSH
Segment breakdown not available.
