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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and GLACIER BANCORP, INC. (GBCI). Click either name above to swap in a different company.

GLACIER BANCORP, INC. is the larger business by last-quarter revenue ($306.8M vs $267.7M, roughly 1.1× Borr Drilling Ltd). GLACIER BANCORP, INC. runs the higher net margin — 26.8% vs 13.1%, a 13.7% gap on every dollar of revenue.

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.

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States. It is a successor corporation to the Delaware corporation originally incorporated in 1990. The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

BORR vs GBCI — Head-to-Head

Bigger by revenue
GBCI
GBCI
1.1× larger
GBCI
$306.8M
$267.7M
BORR
Higher net margin
GBCI
GBCI
13.7% more per $
GBCI
26.8%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BORR
BORR
GBCI
GBCI
Revenue
$267.7M
$306.8M
Net Profit
$35.1M
$82.1M
Gross Margin
Operating Margin
36.0%
Net Margin
13.1%
26.8%
Revenue YoY
-1.5%
Net Profit YoY
10.7%
EPS (diluted)
$0.14
$0.63

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.

Revenue
BORR
BORR
GBCI
GBCI
Q1 26
$306.8M
Q4 25
$306.5M
Q3 25
$260.7M
Q2 25
$267.7M
$240.6M
Q1 25
$222.6M
Q4 24
$223.0M
Q3 24
$214.9M
Q2 24
$271.9M
$198.7M
Net Profit
BORR
BORR
GBCI
GBCI
Q1 26
$82.1M
Q4 25
$63.8M
Q3 25
$67.9M
Q2 25
$35.1M
$52.8M
Q1 25
$54.6M
Q4 24
$61.8M
Q3 24
$51.1M
Q2 24
$31.7M
$44.7M
Operating Margin
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
24.9%
Q3 25
32.7%
Q2 25
36.0%
27.1%
Q1 25
28.5%
Q4 24
33.0%
Q3 24
28.9%
Q2 24
38.4%
27.3%
Net Margin
BORR
BORR
GBCI
GBCI
Q1 26
26.8%
Q4 25
20.8%
Q3 25
26.0%
Q2 25
13.1%
21.9%
Q1 25
24.5%
Q4 24
27.7%
Q3 24
23.8%
Q2 24
11.7%
22.5%
EPS (diluted)
BORR
BORR
GBCI
GBCI
Q1 26
$0.63
Q4 25
$0.49
Q3 25
$0.57
Q2 25
$0.14
$0.45
Q1 25
$0.48
Q4 24
$0.55
Q3 24
$0.45
Q2 24
$0.12
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BORR
BORR
GBCI
GBCI
Cash + ST InvestmentsLiquidity on hand
$92.4M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$4.2B
Total Assets
$3.4B
$31.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
GBCI
GBCI
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
$92.4M
Q1 25
Q4 24
Q3 24
Q2 24
$195.3M
Stockholders' Equity
BORR
BORR
GBCI
GBCI
Q1 26
$4.2B
Q4 25
$4.2B
Q3 25
$3.6B
Q2 25
$1.0B
$3.5B
Q1 25
$3.3B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$999.2M
$3.1B
Total Assets
BORR
BORR
GBCI
GBCI
Q1 26
$31.7B
Q4 25
$32.0B
Q3 25
$29.0B
Q2 25
$3.4B
$29.0B
Q1 25
$27.9B
Q4 24
$27.9B
Q3 24
$28.2B
Q2 24
$3.2B
$27.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BORR
BORR
GBCI
GBCI
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.

Operating Cash Flow
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
$374.4M
Q3 25
$112.4M
Q2 25
$6.3M
$86.0M
Q1 25
$52.4M
Q4 24
$258.0M
Q3 24
$150.1M
Q2 24
$16.0M
$62.7M
Free Cash Flow
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
$347.6M
Q3 25
$104.8M
Q2 25
$79.5M
Q1 25
$46.8M
Q4 24
$209.8M
Q3 24
$137.7M
Q2 24
$44.1M
FCF Margin
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
113.4%
Q3 25
40.2%
Q2 25
33.1%
Q1 25
21.0%
Q4 24
94.1%
Q3 24
64.1%
Q2 24
22.2%
Capex Intensity
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
8.8%
Q3 25
2.9%
Q2 25
2.7%
Q1 25
2.5%
Q4 24
21.6%
Q3 24
5.8%
Q2 24
9.3%
Cash Conversion
BORR
BORR
GBCI
GBCI
Q1 26
Q4 25
5.87×
Q3 25
1.66×
Q2 25
0.18×
1.63×
Q1 25
0.96×
Q4 24
4.18×
Q3 24
2.94×
Q2 24
0.50×
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BORR
BORR

Transferred Over Time$256.6M96%
Transferred At Point In Time$11.1M4%

GBCI
GBCI

Net Interest Income$268.7M88%
Noninterest Income$38.1M12%

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