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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $267.7M, roughly 1.3× Borr Drilling Ltd). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 13.1%, a 25.5% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% 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.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
BORR vs FRT — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $336.0M |
| Net Profit | $35.1M | $129.7M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 53.8% |
| Net Margin | 13.1% | 38.6% |
| Revenue YoY | -1.5% | 8.7% |
| Net Profit YoY | 10.7% | 103.5% |
| EPS (diluted) | $0.14 | $1.49 |
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 | — | $336.0M | ||
| Q4 25 | — | $336.0M | ||
| Q3 25 | — | $322.3M | ||
| Q2 25 | $267.7M | $311.5M | ||
| Q1 25 | — | $309.2M | ||
| Q4 24 | — | $311.4M | ||
| Q3 24 | — | $303.6M | ||
| Q2 24 | $271.9M | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | — | $129.7M | ||
| Q3 25 | — | $61.6M | ||
| Q2 25 | $35.1M | $155.9M | ||
| Q1 25 | — | $63.8M | ||
| Q4 24 | — | $65.5M | ||
| Q3 24 | — | $61.0M | ||
| Q2 24 | $31.7M | $112.0M |
| Q1 26 | — | 53.8% | ||
| Q4 25 | — | 53.8% | ||
| Q3 25 | — | 34.3% | ||
| Q2 25 | 36.0% | 65.1% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 35.1% | ||
| Q3 24 | — | 34.9% | ||
| Q2 24 | 38.4% | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | 13.1% | 50.0% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | 11.7% | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $0.69 | ||
| Q2 25 | $0.14 | $1.78 | ||
| Q1 25 | — | $0.72 | ||
| Q4 24 | — | $0.74 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | $0.12 | $1.32 |
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 | $107.4M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $1.0B | $3.2B |
| Total Assets | $3.4B | $9.1B |
| Debt / EquityLower = less leverage | — | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | — | $107.4M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | $92.4M | $177.0M | ||
| Q1 25 | — | $109.2M | ||
| Q4 24 | — | $123.4M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | $195.3M | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $999.2M | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $9.1B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | $3.4B | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | $3.2B | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.42× | ||
| 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 | — | $622.4M | ||
| Q3 25 | — | $147.8M | ||
| Q2 25 | $6.3M | $150.7M | ||
| Q1 25 | — | $179.0M | ||
| Q4 24 | — | $574.6M | ||
| Q3 24 | — | $144.1M | ||
| Q2 24 | $16.0M | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | 0.18× | 0.97× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | — | 8.77× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | 0.50× | 1.52× |
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% |
FRT
Segment breakdown not available.
