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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and COHEN & STEERS, INC. (CNS). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $143.8M, roughly 1.9× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 13.1%, a 11.1% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% 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.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
BORR vs CNS — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $143.8M |
| Net Profit | $35.1M | $34.9M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 28.0% |
| Net Margin | 13.1% | 24.3% |
| Revenue YoY | -1.5% | 2.9% |
| Net Profit YoY | 10.7% | -23.9% |
| EPS (diluted) | $0.14 | $0.67 |
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 | — | $143.8M | ||
| Q3 25 | — | $141.7M | ||
| Q2 25 | $267.7M | $136.1M | ||
| Q1 25 | — | $134.5M | ||
| Q4 24 | — | $139.8M | ||
| Q3 24 | — | $133.2M | ||
| Q2 24 | $271.9M | $121.7M | ||
| Q1 24 | — | $122.7M |
| Q4 25 | — | $34.9M | ||
| Q3 25 | — | $41.7M | ||
| Q2 25 | $35.1M | $36.8M | ||
| Q1 25 | — | $39.8M | ||
| Q4 24 | — | $45.8M | ||
| Q3 24 | — | $39.7M | ||
| Q2 24 | $31.7M | $31.8M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | 36.0% | 31.8% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 35.3% | ||
| Q3 24 | — | 33.7% | ||
| Q2 24 | 38.4% | 31.5% | ||
| Q1 24 | — | 32.8% |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | 13.1% | 27.1% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | 11.7% | 26.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $0.81 | ||
| Q2 25 | $0.14 | $0.72 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | $0.12 | $0.63 | ||
| Q1 24 | — | $0.68 |
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 | $145.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $562.0M |
| Total Assets | $3.4B | $876.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $98.1M | ||
| Q2 25 | $92.4M | $95.4M | ||
| Q1 25 | — | $65.2M | ||
| Q4 24 | — | $183.0M | ||
| Q3 24 | — | $106.5M | ||
| Q2 24 | $195.3M | $122.0M | ||
| Q1 24 | — | $99.5M |
| Q4 25 | — | $562.0M | ||
| Q3 25 | — | $550.3M | ||
| Q2 25 | $1.0B | $528.5M | ||
| Q1 25 | — | $507.7M | ||
| Q4 24 | — | $511.7M | ||
| Q3 24 | — | $491.0M | ||
| Q2 24 | $999.2M | $463.2M | ||
| Q1 24 | — | $378.9M |
| Q4 25 | — | $876.7M | ||
| Q3 25 | — | $801.6M | ||
| Q2 25 | $3.4B | $751.0M | ||
| Q1 25 | — | $834.9M | ||
| Q4 24 | — | $812.4M | ||
| Q3 24 | — | $727.8M | ||
| Q2 24 | $3.2B | $784.1M | ||
| Q1 24 | — | $680.7M |
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 | $-120.4M |
| Free Cash FlowOCF − Capex | — | $-126.4M |
| FCF MarginFCF / Revenue | — | -87.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | 0.18× | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-120.4M | ||
| Q3 25 | — | $55.1M | ||
| Q2 25 | $6.3M | $-67.6M | ||
| Q1 25 | — | $-108.9M | ||
| Q4 24 | — | $96.7M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | $16.0M | $31.4M | ||
| Q1 24 | — | $4.9M |
| Q4 25 | — | $-126.4M | ||
| Q3 25 | — | $52.6M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $-110.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $27.1M | ||
| Q1 24 | — | $537.0K |
| Q4 25 | — | -87.9% | ||
| Q3 25 | — | 37.1% | ||
| Q2 25 | — | -51.3% | ||
| Q1 25 | — | -81.8% | ||
| Q4 24 | — | 60.8% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | -3.45× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 0.18× | -1.84× | ||
| Q1 25 | — | -2.74× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 0.50× | 0.99× | ||
| Q1 24 | — | 0.14× |
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% |
CNS
Segment breakdown not available.
