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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Employers Holdings, Inc. (EIG). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $170.5M, roughly 1.6× Employers Holdings, Inc.). On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -21.3%).
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.
Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.
BORR vs EIG — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $170.5M |
| Net Profit | $35.1M | — |
| Gross Margin | — | — |
| Operating Margin | 36.0% | — |
| Net Margin | 13.1% | — |
| Revenue YoY | -1.5% | -21.3% |
| Net Profit YoY | 10.7% | — |
| 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.
| Q1 26 | — | $170.5M | ||
| Q4 25 | — | $188.5M | ||
| Q3 25 | — | $239.3M | ||
| Q2 25 | $267.7M | $246.3M | ||
| Q1 25 | — | $202.6M | ||
| Q4 24 | — | $216.6M | ||
| Q3 24 | — | $224.0M | ||
| Q2 24 | $271.9M | $217.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-8.3M | ||
| Q2 25 | $35.1M | $29.7M | ||
| Q1 25 | — | $12.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $30.3M | ||
| Q2 24 | $31.7M | $31.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -4.7% | ||
| Q2 25 | 36.0% | 15.0% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | 38.4% | 18.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -3.5% | ||
| Q2 25 | 13.1% | 12.1% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | 11.7% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.93 | ||
| Q3 25 | — | $-0.36 | ||
| Q2 25 | $0.14 | $1.23 | ||
| Q1 25 | — | $0.52 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | — | $1.21 | ||
| Q2 24 | $0.12 | $1.25 |
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 | $169.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $955.7M |
| Total Assets | $3.4B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $169.9M | ||
| Q4 25 | — | $169.9M | ||
| Q3 25 | — | $172.4M | ||
| Q2 25 | $92.4M | $78.1M | ||
| Q1 25 | — | $100.4M | ||
| Q4 24 | — | $68.4M | ||
| Q3 24 | — | $173.9M | ||
| Q2 24 | $195.3M | $126.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $19.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $955.7M | ||
| Q4 25 | — | $955.7M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $999.2M | $1.0B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | $3.4B | $3.5B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $3.2B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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.
| Q1 26 | — | — | ||
| Q4 25 | — | $44.7M | ||
| Q3 25 | — | $29.4M | ||
| Q2 25 | $6.3M | $0 | ||
| Q1 25 | — | $14.6M | ||
| Q4 24 | — | $76.4M | ||
| Q3 24 | — | $51.0M | ||
| Q2 24 | $16.0M | $11.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $44.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $76.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 35.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.18× | 0.00× | ||
| Q1 25 | — | 1.14× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.68× | ||
| Q2 24 | 0.50× | 0.37× |
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% |
EIG
Segment breakdown not available.
