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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and CATALYST PHARMACEUTICALS, INC. (CPRX). Click either name above to swap in a different company.

Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $152.6M, roughly 1.8× CATALYST PHARMACEUTICALS, INC.). CATALYST PHARMACEUTICALS, INC. runs the higher net margin — 34.5% vs 13.1%, a 21.4% gap on every dollar of revenue. On growth, CATALYST PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (7.6% 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.

Catalyst Pharmaceuticals, Inc. is a biopharmaceutical company based in Coral Gables, Florida, United States. The company develops medicines for rare diseases, including the phosphate salt of amifampridine for the treatment of Lambert–Eaton myasthenic syndrome (LEMS). The drug is referred to under the trade name Firdapse, which was approved by the FDA for approved use in children 6 years and older with LEMS in addition to the prior approval for use in adults with LEMS on November 28, 2018. Fir...

BORR vs CPRX — Head-to-Head

Bigger by revenue
BORR
BORR
1.8× larger
BORR
$267.7M
$152.6M
CPRX
Growing faster (revenue YoY)
CPRX
CPRX
+9.2% gap
CPRX
7.6%
-1.5%
BORR
Higher net margin
CPRX
CPRX
21.4% more per $
CPRX
34.5%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
CPRX
CPRX
Revenue
$267.7M
$152.6M
Net Profit
$35.1M
$52.7M
Gross Margin
82.9%
Operating Margin
36.0%
40.5%
Net Margin
13.1%
34.5%
Revenue YoY
-1.5%
7.6%
Net Profit YoY
10.7%
-5.8%
EPS (diluted)
$0.14
$0.40

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
CPRX
CPRX
Q4 25
$152.6M
Q3 25
$148.4M
Q2 25
$267.7M
$146.6M
Q1 25
$141.4M
Q4 24
$141.8M
Q3 24
$128.7M
Q2 24
$271.9M
$122.7M
Q1 24
$98.5M
Net Profit
BORR
BORR
CPRX
CPRX
Q4 25
$52.7M
Q3 25
$52.8M
Q2 25
$35.1M
$52.1M
Q1 25
$56.7M
Q4 24
$55.9M
Q3 24
$43.9M
Q2 24
$31.7M
$40.8M
Q1 24
$23.3M
Gross Margin
BORR
BORR
CPRX
CPRX
Q4 25
82.9%
Q3 25
84.7%
Q2 25
85.9%
Q1 25
87.3%
Q4 24
84.7%
Q3 24
85.0%
Q2 24
87.4%
Q1 24
87.3%
Operating Margin
BORR
BORR
CPRX
CPRX
Q4 25
40.5%
Q3 25
44.7%
Q2 25
36.0%
45.2%
Q1 25
44.8%
Q4 24
44.3%
Q3 24
39.6%
Q2 24
38.4%
44.2%
Q1 24
27.5%
Net Margin
BORR
BORR
CPRX
CPRX
Q4 25
34.5%
Q3 25
35.6%
Q2 25
13.1%
35.6%
Q1 25
40.1%
Q4 24
39.4%
Q3 24
34.1%
Q2 24
11.7%
33.2%
Q1 24
23.6%
EPS (diluted)
BORR
BORR
CPRX
CPRX
Q4 25
$0.40
Q3 25
$0.42
Q2 25
$0.14
$0.41
Q1 25
$0.45
Q4 24
$0.44
Q3 24
$0.35
Q2 24
$0.12
$0.33
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
CPRX
CPRX
Cash + ST InvestmentsLiquidity on hand
$92.4M
$709.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$954.3M
Total Assets
$3.4B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
CPRX
CPRX
Q4 25
$709.2M
Q3 25
$689.9M
Q2 25
$92.4M
$652.8M
Q1 25
$580.7M
Q4 24
$517.6M
Q3 24
$442.3M
Q2 24
$195.3M
$375.7M
Q1 24
$310.4M
Stockholders' Equity
BORR
BORR
CPRX
CPRX
Q4 25
$954.3M
Q3 25
$920.2M
Q2 25
$1.0B
$856.0M
Q1 25
$794.3M
Q4 24
$727.6M
Q3 24
$660.9M
Q2 24
$999.2M
$608.7M
Q1 24
$561.4M
Total Assets
BORR
BORR
CPRX
CPRX
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$3.4B
$971.9M
Q1 25
$908.9M
Q4 24
$851.4M
Q3 24
$772.0M
Q2 24
$3.2B
$706.4M
Q1 24
$646.7M

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
CPRX
CPRX
Operating Cash FlowLast quarter
$6.3M
$44.9M
Free Cash FlowOCF − Capex
$44.9M
FCF MarginFCF / Revenue
29.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.18×
0.85×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
CPRX
CPRX
Q4 25
$44.9M
Q3 25
$32.4M
Q2 25
$6.3M
$71.3M
Q1 25
$60.0M
Q4 24
$70.9M
Q3 24
$72.9M
Q2 24
$16.0M
$64.1M
Q1 24
$31.9M
Free Cash Flow
BORR
BORR
CPRX
CPRX
Q4 25
$44.9M
Q3 25
Q2 25
$71.3M
Q1 25
Q4 24
$70.8M
Q3 24
$72.6M
Q2 24
$64.1M
Q1 24
$31.7M
FCF Margin
BORR
BORR
CPRX
CPRX
Q4 25
29.4%
Q3 25
Q2 25
48.6%
Q1 25
Q4 24
49.9%
Q3 24
56.4%
Q2 24
52.3%
Q1 24
32.2%
Capex Intensity
BORR
BORR
CPRX
CPRX
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
BORR
BORR
CPRX
CPRX
Q4 25
0.85×
Q3 25
0.61×
Q2 25
0.18×
1.37×
Q1 25
1.06×
Q4 24
1.27×
Q3 24
1.66×
Q2 24
0.50×
1.57×
Q1 24
1.37×

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%

CPRX
CPRX

Firdapse$97.6M64%
Agamree$35.3M23%
Fycompa$19.6M13%

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