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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and CNA FINANCIAL CORP (CNA). Click either name above to swap in a different company.

CNA FINANCIAL CORP is the larger business by last-quarter revenue ($389.0M vs $267.7M, roughly 1.5× Borr Drilling Ltd). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 13.1%, a 64.5% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -2.0%).

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.

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

BORR vs CNA — Head-to-Head

Bigger by revenue
CNA
CNA
1.5× larger
CNA
$389.0M
$267.7M
BORR
Growing faster (revenue YoY)
BORR
BORR
+0.5% gap
BORR
-1.5%
-2.0%
CNA
Higher net margin
CNA
CNA
64.5% more per $
CNA
77.6%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
CNA
CNA
Revenue
$267.7M
$389.0M
Net Profit
$35.1M
$302.0M
Gross Margin
Operating Margin
36.0%
97.2%
Net Margin
13.1%
77.6%
Revenue YoY
-1.5%
-2.0%
Net Profit YoY
10.7%
1338.1%
EPS (diluted)
$0.14
$1.11

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
BORR
BORR
CNA
CNA
Q4 25
$389.0M
Q3 25
$393.0M
Q2 25
$267.7M
$398.0M
Q1 25
$397.0M
Q4 24
$397.0M
Q3 24
$401.0M
Q2 24
$271.9M
$404.0M
Q1 24
$407.0M
Net Profit
BORR
BORR
CNA
CNA
Q4 25
$302.0M
Q3 25
$403.0M
Q2 25
$35.1M
$299.0M
Q1 25
$274.0M
Q4 24
$21.0M
Q3 24
$283.0M
Q2 24
$31.7M
$317.0M
Q1 24
$338.0M
Operating Margin
BORR
BORR
CNA
CNA
Q4 25
97.2%
Q3 25
Q2 25
36.0%
95.5%
Q1 25
87.9%
Q4 24
5.3%
Q3 24
90.0%
Q2 24
38.4%
99.5%
Q1 24
Net Margin
BORR
BORR
CNA
CNA
Q4 25
77.6%
Q3 25
102.5%
Q2 25
13.1%
75.1%
Q1 25
69.0%
Q4 24
5.3%
Q3 24
70.6%
Q2 24
11.7%
78.5%
Q1 24
83.0%
EPS (diluted)
BORR
BORR
CNA
CNA
Q4 25
$1.11
Q3 25
$1.48
Q2 25
$0.14
$1.10
Q1 25
$1.00
Q4 24
$0.07
Q3 24
$1.04
Q2 24
$0.12
$1.17
Q1 24
$1.24

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
CNA
CNA
Cash + ST InvestmentsLiquidity on hand
$92.4M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$1.0B
$11.6B
Total Assets
$3.4B
$69.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
CNA
CNA
Q4 25
Q3 25
Q2 25
$92.4M
Q1 25
Q4 24
Q3 24
Q2 24
$195.3M
Q1 24
Total Debt
BORR
BORR
CNA
CNA
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BORR
BORR
CNA
CNA
Q4 25
$11.6B
Q3 25
$11.3B
Q2 25
$1.0B
$10.7B
Q1 25
$10.3B
Q4 24
$10.5B
Q3 24
$10.8B
Q2 24
$999.2M
$9.9B
Q1 24
$9.7B
Total Assets
BORR
BORR
CNA
CNA
Q4 25
$69.4B
Q3 25
$69.8B
Q2 25
$3.4B
$68.9B
Q1 25
$67.3B
Q4 24
$66.5B
Q3 24
$67.4B
Q2 24
$3.2B
$65.2B
Q1 24
$65.1B
Debt / Equity
BORR
BORR
CNA
CNA
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BORR
BORR
CNA
CNA
Operating Cash FlowLast quarter
$6.3M
$570.0M
Free Cash FlowOCF − Capex
$542.0M
FCF MarginFCF / Revenue
139.3%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
0.18×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
CNA
CNA
Q4 25
$570.0M
Q3 25
$720.0M
Q2 25
$6.3M
$562.0M
Q1 25
$638.0M
Q4 24
$703.0M
Q3 24
$748.0M
Q2 24
$16.0M
$616.0M
Q1 24
$504.0M
Free Cash Flow
BORR
BORR
CNA
CNA
Q4 25
$542.0M
Q3 25
$704.0M
Q2 25
$538.0M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
Q1 24
$484.0M
FCF Margin
BORR
BORR
CNA
CNA
Q4 25
139.3%
Q3 25
179.1%
Q2 25
135.2%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Q1 24
118.9%
Capex Intensity
BORR
BORR
CNA
CNA
Q4 25
7.2%
Q3 25
4.1%
Q2 25
6.0%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Q1 24
4.9%
Cash Conversion
BORR
BORR
CNA
CNA
Q4 25
1.89×
Q3 25
1.79×
Q2 25
0.18×
1.88×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
0.50×
1.94×
Q1 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BORR
BORR

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

CNA
CNA

Segment breakdown not available.

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