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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and HighPeak Energy, Inc. (HPK). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $216.6M, roughly 1.2× HighPeak Energy, Inc.). Borr Drilling Ltd runs the higher net margin — 13.1% vs -11.6%, a 24.7% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -23.3%).
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.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
BORR vs HPK — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $216.6M |
| Net Profit | $35.1M | $-25.2M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | -7.6% |
| Net Margin | 13.1% | -11.6% |
| Revenue YoY | -1.5% | -23.3% |
| Net Profit YoY | 10.7% | -380.7% |
| EPS (diluted) | $0.14 | $-0.16 |
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 | — | $216.6M | ||
| Q3 25 | — | $188.9M | ||
| Q2 25 | $267.7M | $200.4M | ||
| Q1 25 | — | $257.4M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | — | $271.6M | ||
| Q2 24 | $271.9M | $275.3M | ||
| Q1 24 | — | $287.8M |
| Q4 25 | — | $-25.2M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | $35.1M | $26.2M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $49.9M | ||
| Q2 24 | $31.7M | $29.7M | ||
| Q1 24 | — | $6.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | 36.0% | 21.7% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | 38.4% | 31.7% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | — | -11.6% | ||
| Q3 25 | — | -9.7% | ||
| Q2 25 | 13.1% | 13.1% | ||
| Q1 25 | — | 14.1% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | 11.7% | 10.8% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | $-0.16 | ||
| Q3 25 | — | $-0.15 | ||
| Q2 25 | $0.14 | $0.19 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | $0.12 | $0.21 | ||
| Q1 24 | — | $0.05 |
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 | $162.1M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $1.0B | $1.6B |
| Total Assets | $3.4B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.1M | ||
| Q3 25 | — | $164.9M | ||
| Q2 25 | $92.4M | $21.9M | ||
| Q1 25 | — | $51.6M | ||
| Q4 24 | — | $86.6M | ||
| Q3 24 | — | $135.6M | ||
| Q2 24 | $195.3M | $157.9M | ||
| Q1 24 | — | $173.4M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $999.2M | $1.6B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $3.4B | $3.1B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $3.2B | $3.1B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.73× |
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 | $93.1M |
| 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.
| Q4 25 | — | $93.1M | ||
| Q3 25 | — | $120.2M | ||
| Q2 25 | $6.3M | $141.2M | ||
| Q1 25 | — | $157.1M | ||
| Q4 24 | — | $139.5M | ||
| Q3 24 | — | $177.1M | ||
| Q2 24 | $16.0M | $202.3M | ||
| Q1 24 | — | $171.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.18× | 5.39× | ||
| Q1 25 | — | 4.32× | ||
| Q4 24 | — | 15.53× | ||
| Q3 24 | — | 3.55× | ||
| Q2 24 | 0.50× | 6.81× | ||
| Q1 24 | — | 26.63× |
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% |
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
