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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Essex Property Trust (ESS). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $267.7M, roughly 1.8× Borr Drilling Ltd). Essex Property Trust runs the higher net margin — 17.9% vs 13.1%, a 4.8% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% 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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
BORR vs ESS — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $479.6M |
| Net Profit | $35.1M | $85.7M |
| Gross Margin | — | 70.0% |
| Operating Margin | 36.0% | 31.7% |
| Net Margin | 13.1% | 17.9% |
| Revenue YoY | -1.5% | 5.5% |
| Net Profit YoY | 10.7% | -71.6% |
| EPS (diluted) | $0.14 | $1.24 |
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 | — | $479.6M | ||
| Q3 25 | — | $473.3M | ||
| Q2 25 | $267.7M | $469.8M | ||
| Q1 25 | — | $464.6M | ||
| Q4 24 | — | $454.5M | ||
| Q3 24 | — | $450.7M | ||
| Q2 24 | $271.9M | $442.4M | ||
| Q1 24 | — | $426.9M |
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $172.7M | ||
| Q2 25 | $35.1M | $231.5M | ||
| Q1 25 | — | $212.8M | ||
| Q4 24 | — | $301.7M | ||
| Q3 24 | — | $125.5M | ||
| Q2 24 | $31.7M | $99.0M | ||
| Q1 24 | — | $285.1M |
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 69.5% | ||
| Q2 24 | — | 70.8% | ||
| Q1 24 | — | 69.7% |
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | 36.0% | 59.5% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | — | 67.0% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | 38.4% | 31.1% | ||
| Q1 24 | — | 31.0% |
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | 13.1% | 49.3% | ||
| Q1 25 | — | 45.8% | ||
| Q4 24 | — | 66.4% | ||
| Q3 24 | — | 27.8% | ||
| Q2 24 | 11.7% | 22.4% | ||
| Q1 24 | — | 66.8% |
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $2.56 | ||
| Q2 25 | $0.14 | $3.44 | ||
| Q1 25 | — | $3.16 | ||
| Q4 24 | — | $4.00 | ||
| Q3 24 | — | $1.84 | ||
| Q2 24 | $0.12 | $1.45 | ||
| Q1 24 | — | $4.25 |
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 | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $5.5B |
| Total Assets | $3.4B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $76.2M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | $92.4M | $58.7M | ||
| Q1 25 | — | $98.7M | ||
| Q4 24 | — | $66.8M | ||
| Q3 24 | — | $71.3M | ||
| Q2 24 | $195.3M | $55.2M | ||
| Q1 24 | — | $499.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | $1.0B | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | $999.2M | $5.5B | ||
| Q1 24 | — | $5.5B |
| Q4 25 | — | $13.2B | ||
| Q3 25 | — | $13.2B | ||
| Q2 25 | $3.4B | $13.2B | ||
| Q1 25 | — | $13.2B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.6B | ||
| Q2 24 | $3.2B | $12.5B | ||
| Q1 24 | — | $12.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.19× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.18× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $342.6M | ||
| Q2 25 | $6.3M | $216.1M | ||
| Q1 25 | — | $281.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $316.2M | ||
| Q2 24 | $16.0M | $218.9M | ||
| Q1 24 | — | $314.9M |
| Q4 25 | — | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | 0.18× | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | 0.50× | 2.21× | ||
| Q1 24 | — | 1.10× |
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% |
ESS
Segment breakdown not available.
