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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Essent Group Ltd. (ESNT). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $267.7M, roughly 1.2× Borr Drilling Ltd). Essent Group Ltd. runs the higher net margin — 49.6% vs 13.1%, a 36.5% gap on every dollar of revenue. On growth, Essent Group Ltd. posted the faster year-over-year revenue change (-0.8% 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.
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
BORR vs ESNT — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $312.4M |
| Net Profit | $35.1M | $155.0M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 59.1% |
| Net Margin | 13.1% | 49.6% |
| Revenue YoY | -1.5% | -0.8% |
| Net Profit YoY | 10.7% | -7.7% |
| EPS (diluted) | $0.14 | $1.61 |
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 | — | $312.4M | ||
| Q3 25 | — | $311.8M | ||
| Q2 25 | $267.7M | $319.1M | ||
| Q1 25 | — | $317.6M | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | — | $316.6M | ||
| Q2 24 | $271.9M | $312.9M | ||
| Q1 24 | — | $298.4M |
| Q4 25 | — | $155.0M | ||
| Q3 25 | — | $164.2M | ||
| Q2 25 | $35.1M | $195.3M | ||
| Q1 25 | — | $175.4M | ||
| Q4 24 | — | $167.9M | ||
| Q3 24 | — | $176.2M | ||
| Q2 24 | $31.7M | $203.6M | ||
| Q1 24 | — | $181.7M |
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 63.9% | ||
| Q2 25 | 36.0% | 72.4% | ||
| Q1 25 | — | 65.2% | ||
| Q4 24 | — | 61.9% | ||
| Q3 24 | — | 65.6% | ||
| Q2 24 | 38.4% | 76.4% | ||
| Q1 24 | — | 71.6% |
| Q4 25 | — | 49.6% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | 13.1% | 61.2% | ||
| Q1 25 | — | 55.2% | ||
| Q4 24 | — | 53.3% | ||
| Q3 24 | — | 55.6% | ||
| Q2 24 | 11.7% | 65.1% | ||
| Q1 24 | — | 60.9% |
| Q4 25 | — | $1.61 | ||
| Q3 25 | — | $1.67 | ||
| Q2 25 | $0.14 | $1.93 | ||
| Q1 25 | — | $1.69 | ||
| Q4 24 | — | $1.59 | ||
| Q3 24 | — | $1.65 | ||
| Q2 24 | $0.12 | $1.91 | ||
| Q1 24 | — | $1.70 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $5.8B |
| Total Assets | $3.4B | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $195.3M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $1.0B | $5.7B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | $999.2M | $5.4B | ||
| Q1 24 | — | $5.2B |
| Q4 25 | — | $7.4B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | $3.4B | $7.2B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | $3.2B | $6.7B | ||
| Q1 24 | — | $6.6B |
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 | $856.1M |
| Free Cash FlowOCF − Capex | — | $848.7M |
| FCF MarginFCF / Revenue | — | 271.7% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 0.18× | 5.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $856.1M | ||
| Q3 25 | — | $215.9M | ||
| Q2 25 | $6.3M | $189.5M | ||
| Q1 25 | — | $221.6M | ||
| Q4 24 | — | $861.5M | ||
| Q3 24 | — | $229.2M | ||
| Q2 24 | $16.0M | $188.7M | ||
| Q1 24 | — | $216.9M |
| Q4 25 | — | $848.7M | ||
| Q3 25 | — | $210.6M | ||
| Q2 25 | — | $188.8M | ||
| Q1 25 | — | $221.3M | ||
| Q4 24 | — | $854.8M | ||
| Q3 24 | — | $228.7M | ||
| Q2 24 | — | $187.6M | ||
| Q1 24 | — | $212.5M |
| Q4 25 | — | 271.7% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 69.7% | ||
| Q4 24 | — | 271.3% | ||
| Q3 24 | — | 72.2% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 71.2% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 5.52× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | 0.18× | 0.97× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 5.13× | ||
| Q3 24 | — | 1.30× | ||
| Q2 24 | 0.50× | 0.93× | ||
| Q1 24 | — | 1.19× |
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% |
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
