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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $267.7M, roughly 1.1× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 13.0%, a 0.1% 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.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
BORR vs HTH — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $300.5M |
| Net Profit | $35.1M | $39.0M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | — |
| Net Margin | 13.1% | 13.0% |
| Revenue YoY | -1.5% | — |
| Net Profit YoY | 10.7% | -12.4% |
| EPS (diluted) | $0.14 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | — | $329.9M | ||
| Q3 25 | — | $330.2M | ||
| Q2 25 | $267.7M | $303.3M | ||
| Q1 25 | — | $318.5M | ||
| Q4 24 | — | $301.1M | ||
| Q3 24 | — | $305.5M | ||
| Q2 24 | $271.9M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | — | $41.6M | ||
| Q3 25 | — | $45.8M | ||
| Q2 25 | $35.1M | $36.1M | ||
| Q1 25 | — | $42.1M | ||
| Q4 24 | — | $35.5M | ||
| Q3 24 | — | $29.7M | ||
| Q2 24 | $31.7M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.1% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | 36.0% | 16.3% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | 38.4% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | 13.1% | 11.9% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | 11.7% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | — | $0.68 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | $0.14 | $0.57 | ||
| Q1 25 | — | $0.65 | ||
| Q4 24 | — | $0.55 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | $0.12 | $0.31 |
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 | — | $990.8M |
| Stockholders' EquityBook value | $1.0B | $2.2B |
| Total Assets | $3.4B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $195.3M | — |
| Q1 26 | — | $990.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $999.2M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.6B | ||
| Q2 25 | $3.4B | $15.4B | ||
| Q1 25 | — | $15.8B | ||
| Q4 24 | — | $16.3B | ||
| Q3 24 | — | $15.9B | ||
| Q2 24 | $3.2B | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | — | $-38.7M | ||
| Q3 25 | — | $273.0M | ||
| Q2 25 | $6.3M | $-234.6M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $273.9M | ||
| Q3 24 | — | $515.6M | ||
| Q2 24 | $16.0M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-55.5M | ||
| Q3 25 | — | $271.0M | ||
| Q2 25 | — | $-234.6M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $513.8M | ||
| Q2 24 | — | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 82.1% | ||
| Q2 25 | — | -77.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | — | 168.2% | ||
| Q2 24 | — | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | 0.18× | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | 0.50× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
