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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Climb Global Solutions, Inc. (CLMB). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $182.4M, roughly 1.5× Climb Global Solutions, Inc.). Borr Drilling Ltd runs the higher net margin — 13.1% vs 1.8%, a 11.3% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% 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.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
BORR vs CLMB — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $182.4M |
| Net Profit | $35.1M | $3.3M |
| Gross Margin | — | 14.5% |
| Operating Margin | 36.0% | 2.1% |
| Net Margin | 13.1% | 1.8% |
| Revenue YoY | -1.5% | 32.1% |
| Net Profit YoY | 10.7% | -9.5% |
| EPS (diluted) | $0.14 | $0.18 |
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 | — | $182.4M | ||
| Q4 25 | — | $193.8M | ||
| Q3 25 | — | $161.3M | ||
| Q2 25 | $267.7M | $159.3M | ||
| Q1 25 | — | $138.0M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $119.3M | ||
| Q2 24 | $271.9M | $92.1M |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $7.0M | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | $35.1M | $6.0M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $5.5M | ||
| Q2 24 | $31.7M | $3.4M |
| Q1 26 | — | 14.5% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 36.0% | 5.0% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 7.1% | ||
| Q2 24 | 38.4% | 4.6% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | 13.1% | 3.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | 11.7% | 3.7% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $1.51 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | $0.14 | $1.30 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $1.52 | ||
| Q3 24 | — | $1.19 | ||
| Q2 24 | $0.12 | $0.75 |
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 | $41.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $118.4M |
| Total Assets | $3.4B | $458.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $41.8M | ||
| Q4 25 | — | $36.6M | ||
| Q3 25 | — | $49.8M | ||
| Q2 25 | $92.4M | $28.6M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | — | $29.8M | ||
| Q3 24 | — | $22.1M | ||
| Q2 24 | $195.3M | $48.4M |
| Q1 26 | — | $118.4M | ||
| Q4 25 | — | $116.6M | ||
| Q3 25 | — | $109.3M | ||
| Q2 25 | $1.0B | $105.2M | ||
| Q1 25 | — | $95.6M | ||
| Q4 24 | — | $90.6M | ||
| Q3 24 | — | $87.7M | ||
| Q2 24 | $999.2M | $79.8M |
| Q1 26 | — | $458.8M | ||
| Q4 25 | — | $460.2M | ||
| Q3 25 | — | $376.1M | ||
| Q2 25 | $3.4B | $420.7M | ||
| Q1 25 | — | $370.1M | ||
| Q4 24 | — | $469.2M | ||
| Q3 24 | — | $371.9M | ||
| Q2 24 | $3.2B | $302.8M |
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 | — | $-11.9M | ||
| Q3 25 | — | $22.2M | ||
| Q2 25 | $6.3M | $-2.2M | ||
| Q1 25 | — | $8.5M | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | — | $-3.6M | ||
| Q2 24 | $16.0M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.70× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 0.18× | -0.37× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | 0.50× | 2.13× |
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% |
CLMB
Segment breakdown not available.
