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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and CLOVER HEALTH INVESTMENTS, CORP. (CLOV). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $267.7M, roughly 1.8× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs -10.1%, a 23.2% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% 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.
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
BORR vs CLOV — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $487.7M |
| Net Profit | $35.1M | $-49.3M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | -10.1% |
| Net Margin | 13.1% | -10.1% |
| Revenue YoY | -1.5% | 44.7% |
| Net Profit YoY | 10.7% | -123.2% |
| 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.
| Q4 25 | — | $487.7M | ||
| Q3 25 | — | $496.6M | ||
| Q2 25 | $267.7M | $477.6M | ||
| Q1 25 | — | $462.3M | ||
| Q4 24 | — | $337.0M | ||
| Q3 24 | — | $331.0M | ||
| Q2 24 | $271.9M | $356.3M | ||
| Q1 24 | — | $346.9M |
| Q4 25 | — | $-49.3M | ||
| Q3 25 | — | $-24.4M | ||
| Q2 25 | $35.1M | $-10.6M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $-22.1M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | $31.7M | $7.4M | ||
| Q1 24 | — | $-19.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 23.6% |
| Q4 25 | — | -10.1% | ||
| Q3 25 | — | -4.9% | ||
| Q2 25 | 36.0% | -2.2% | ||
| Q1 25 | — | -0.3% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | 38.4% | 2.0% | ||
| Q1 24 | — | -6.5% |
| Q4 25 | — | -10.1% | ||
| Q3 25 | — | -4.9% | ||
| Q2 25 | 13.1% | -2.2% | ||
| Q1 25 | — | -0.3% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | 11.7% | 2.1% | ||
| Q1 24 | — | -5.5% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $92.4M | $78.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $308.7M |
| Total Assets | $3.4B | $541.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $78.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $194.5M | ||
| Q3 24 | — | $288.0M | ||
| Q2 24 | $195.3M | $254.8M | ||
| Q1 24 | — | $208.3M |
| Q4 25 | — | $308.7M | ||
| Q3 25 | — | $340.9M | ||
| Q2 25 | $1.0B | $344.2M | ||
| Q1 25 | — | $336.1M | ||
| Q4 24 | — | $341.1M | ||
| Q3 24 | — | $342.2M | ||
| Q2 24 | $999.2M | $324.9M | ||
| Q1 24 | — | $292.5M |
| Q4 25 | — | $541.0M | ||
| Q3 25 | — | $559.7M | ||
| Q2 25 | $3.4B | $575.0M | ||
| Q1 25 | — | $583.7M | ||
| Q4 24 | — | $580.7M | ||
| Q3 24 | — | $653.0M | ||
| Q2 24 | $3.2B | $674.2M | ||
| Q1 24 | — | $671.8M |
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 | $-66.9M |
| Free Cash FlowOCF − Capex | — | $-69.0M |
| FCF MarginFCF / Revenue | — | -14.1% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 0.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-69.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-66.9M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | $6.3M | $5.4M | ||
| Q1 25 | — | $-16.3M | ||
| Q4 24 | — | $34.8M | ||
| Q3 24 | — | $50.0M | ||
| Q2 24 | $16.0M | $44.8M | ||
| Q1 24 | — | $25.9M |
| Q4 25 | — | $-69.0M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $4.8M | ||
| Q1 25 | — | $-16.5M | ||
| Q4 24 | — | $33.3M | ||
| Q3 24 | — | $49.6M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | — | -14.1% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.6% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.50× | 6.04× | ||
| Q1 24 | — | — |
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% |
CLOV
Segment breakdown not available.
