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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.
FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $267.7M, roughly 1.2× Borr Drilling Ltd). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 13.1%, a 21.6% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% 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.
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
BORR vs FIBK — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $313.0M |
| Net Profit | $35.1M | $108.8M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 44.5% |
| Net Margin | 13.1% | 34.8% |
| Revenue YoY | -1.5% | 19.8% |
| Net Profit YoY | 10.7% | 108.8% |
| EPS (diluted) | $0.14 | $1.07 |
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 | — | $313.0M | ||
| Q3 25 | — | $250.5M | ||
| Q2 25 | $267.7M | $248.3M | ||
| Q1 25 | — | $247.0M | ||
| Q4 24 | — | $261.3M | ||
| Q3 24 | — | $251.9M | ||
| Q2 24 | $271.9M | $244.3M | ||
| Q1 24 | — | $242.2M |
| Q4 25 | — | $108.8M | ||
| Q3 25 | — | $71.4M | ||
| Q2 25 | $35.1M | $71.7M | ||
| Q1 25 | — | $50.2M | ||
| Q4 24 | — | $52.1M | ||
| Q3 24 | — | $55.5M | ||
| Q2 24 | $31.7M | $60.0M | ||
| Q1 24 | — | $58.4M |
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | 36.0% | 37.7% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | 38.4% | 32.1% | ||
| Q1 24 | — | 31.7% |
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 28.5% | ||
| Q2 25 | 13.1% | 28.9% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | 11.7% | 24.6% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | — | $1.07 | ||
| Q3 25 | — | $0.69 | ||
| Q2 25 | $0.14 | $0.69 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | $0.12 | $0.58 | ||
| Q1 24 | — | $0.57 |
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 | — | $146.3M |
| Stockholders' EquityBook value | $1.0B | $3.4B |
| Total Assets | $3.4B | $26.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
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 | — | $146.3M | ||
| Q3 25 | — | $146.2M | ||
| Q2 25 | — | $252.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $132.2M | ||
| Q3 24 | — | $137.3M | ||
| Q2 24 | — | $383.4M | ||
| Q1 24 | — | $370.8M |
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $999.2M | $3.2B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | — | $26.6B | ||
| Q3 25 | — | $27.3B | ||
| Q2 25 | $3.4B | $27.6B | ||
| Q1 25 | — | $28.3B | ||
| Q4 24 | — | $29.1B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | $3.2B | $30.3B | ||
| Q1 24 | — | $30.1B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $305.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.18× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $305.6M | ||
| Q3 25 | — | $91.7M | ||
| Q2 25 | $6.3M | $68.1M | ||
| Q1 25 | — | $78.5M | ||
| Q4 24 | — | $355.0M | ||
| Q3 24 | — | $89.9M | ||
| Q2 24 | $16.0M | $82.3M | ||
| Q1 24 | — | $87.6M |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 0.18× | 0.95× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 6.81× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | 0.50× | 1.37× | ||
| Q1 24 | — | 1.50× |
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% |
FIBK
Segment breakdown not available.
