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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Danaos Corp (DAC). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $262.2M, roughly 1.0× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs 13.1%, a 36.8% gap on every dollar of revenue. On growth, Danaos Corp posted the faster year-over-year revenue change (6.4% 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.
Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.
BORR vs DAC — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $262.2M |
| Net Profit | $35.1M | $130.9M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 47.9% |
| Net Margin | 13.1% | 49.9% |
| Revenue YoY | -1.5% | 6.4% |
| Net Profit YoY | 10.7% | -7.3% |
| EPS (diluted) | $0.14 | $7.12 |
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.
| Q2 25 | $267.7M | $262.2M | ||
| Q2 24 | $271.9M | $246.3M | ||
| Q2 23 | $187.5M | $241.5M | ||
| Q2 22 | $105.3M | $250.9M |
| Q2 25 | $35.1M | $130.9M | ||
| Q2 24 | $31.7M | $141.2M | ||
| Q2 23 | $800.0K | $147.0M | ||
| Q2 22 | $-165.3M | $8.2M |
| Q2 25 | 36.0% | 47.9% | ||
| Q2 24 | 38.4% | 56.8% | ||
| Q2 23 | 31.9% | 61.1% | ||
| Q2 22 | -116.8% | 62.5% |
| Q2 25 | 13.1% | 49.9% | ||
| Q2 24 | 11.7% | 57.3% | ||
| Q2 23 | 0.4% | 60.9% | ||
| Q2 22 | -157.0% | 3.3% |
| Q2 25 | $0.14 | $7.12 | ||
| Q2 24 | $0.12 | $7.23 | ||
| Q2 23 | $0.00 | $7.32 | ||
| Q2 22 | $-1.09 | $0.40 |
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 | $654.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $3.6B |
| Total Assets | $3.4B | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $92.4M | $654.1M | ||
| Q2 24 | $195.3M | $471.7M | ||
| Q2 23 | $83.8M | $367.9M | ||
| Q2 22 | $29.7M | $319.6M |
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | $281.8M | — |
| Q2 25 | $1.0B | $3.6B | ||
| Q2 24 | $999.2M | $3.3B | ||
| Q2 23 | $906.2M | $2.8B | ||
| Q2 22 | $711.5M | $2.4B |
| Q2 25 | $3.4B | $4.5B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q2 23 | $3.0B | $3.5B | ||
| Q2 22 | $3.0B | $3.7B |
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | 0.40× | — |
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.
| Q2 25 | $6.3M | — | ||
| Q2 24 | $16.0M | — | ||
| Q2 23 | $2.4M | — | ||
| Q2 22 | $-8.5M | — |
| Q2 25 | 0.18× | — | ||
| Q2 24 | 0.50× | — | ||
| Q2 23 | 3.00× | — | ||
| Q2 22 | — | — |
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% |
DAC
Segment breakdown not available.
