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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $172.6M, roughly 1.6× Fastly, Inc.). Borr Drilling Ltd runs the higher net margin — 13.1% vs -9.0%, a 22.1% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% 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.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
BORR vs FSLY — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $172.6M |
| Net Profit | $35.1M | $-15.5M |
| Gross Margin | — | 61.4% |
| Operating Margin | 36.0% | -8.7% |
| Net Margin | 13.1% | -9.0% |
| Revenue YoY | -1.5% | 22.8% |
| Net Profit YoY | 10.7% | 52.9% |
| EPS (diluted) | $0.14 | $-0.10 |
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 | — | $172.6M | ||
| Q3 25 | — | $158.2M | ||
| Q2 25 | $267.7M | $148.7M | ||
| Q1 25 | — | $144.5M | ||
| Q4 24 | — | $140.6M | ||
| Q3 24 | — | $137.2M | ||
| Q2 24 | $271.9M | $132.4M | ||
| Q1 24 | — | $133.5M |
| Q4 25 | — | $-15.5M | ||
| Q3 25 | — | $-29.5M | ||
| Q2 25 | $35.1M | $-37.5M | ||
| Q1 25 | — | $-39.1M | ||
| Q4 24 | — | $-32.9M | ||
| Q3 24 | — | $-38.0M | ||
| Q2 24 | $31.7M | $-43.7M | ||
| Q1 24 | — | $-43.4M |
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 53.4% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 55.1% | ||
| Q1 24 | — | 54.8% |
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | -18.2% | ||
| Q2 25 | 36.0% | -24.8% | ||
| Q1 25 | — | -26.4% | ||
| Q4 24 | — | -24.4% | ||
| Q3 24 | — | -29.6% | ||
| Q2 24 | 38.4% | -35.3% | ||
| Q1 24 | — | -34.6% |
| Q4 25 | — | -9.0% | ||
| Q3 25 | — | -18.6% | ||
| Q2 25 | 13.1% | -25.2% | ||
| Q1 25 | — | -27.1% | ||
| Q4 24 | — | -23.4% | ||
| Q3 24 | — | -27.7% | ||
| Q2 24 | 11.7% | -33.0% | ||
| Q1 24 | — | -32.5% |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | $0.14 | $-0.26 | ||
| Q1 25 | — | $-0.27 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.27 | ||
| Q2 24 | $0.12 | $-0.32 | ||
| Q1 24 | — | $-0.32 |
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 | $361.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $929.6M |
| Total Assets | $3.4B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $361.8M | ||
| Q3 25 | — | $342.9M | ||
| Q2 25 | $92.4M | $321.2M | ||
| Q1 25 | — | $307.3M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $308.2M | ||
| Q2 24 | $195.3M | $311.8M | ||
| Q1 24 | — | $329.5M |
| Q4 25 | — | $929.6M | ||
| Q3 25 | — | $937.0M | ||
| Q2 25 | $1.0B | $942.6M | ||
| Q1 25 | — | $957.0M | ||
| Q4 24 | — | $965.3M | ||
| Q3 24 | — | $969.5M | ||
| Q2 24 | $999.2M | $981.2M | ||
| Q1 24 | — | $991.8M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $3.2B | $1.5B | ||
| Q1 24 | — | $1.5B |
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 | $22.4M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 7.1% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 0.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | — | $28.9M | ||
| Q2 25 | $6.3M | $25.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | — | $5.0M | ||
| Q2 24 | $16.0M | $-4.9M | ||
| Q1 24 | — | $11.1M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $22.9M | ||
| Q2 25 | — | $15.9M | ||
| Q1 25 | — | $14.7M | ||
| Q4 24 | — | $251.0K | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | — | $-6.7M | ||
| Q1 24 | — | $9.5M |
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | 7.1% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | — | — |
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% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
