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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $179.4M, roughly 1.5× HEARTLAND EXPRESS INC). Borr Drilling Ltd runs the higher net margin — 13.1% vs -10.8%, a 24.0% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -26.1%).
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.
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
BORR vs HTLD — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $179.4M |
| Net Profit | $35.1M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | -12.7% |
| Net Margin | 13.1% | -10.8% |
| Revenue YoY | -1.5% | -26.1% |
| Net Profit YoY | 10.7% | -949.2% |
| EPS (diluted) | $0.14 | $-0.24 |
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 | — | $179.4M | ||
| Q3 25 | — | $196.5M | ||
| Q2 25 | $267.7M | $210.4M | ||
| Q1 25 | — | $219.4M | ||
| Q4 24 | — | $242.6M | ||
| Q3 24 | — | $259.9M | ||
| Q2 24 | $271.9M | $274.8M | ||
| Q1 24 | — | $270.3M |
| Q4 25 | — | $-19.4M | ||
| Q3 25 | — | $-8.3M | ||
| Q2 25 | $35.1M | $-10.9M | ||
| Q1 25 | — | $-13.9M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | — | $-9.3M | ||
| Q2 24 | $31.7M | $-3.5M | ||
| Q1 24 | — | $-15.1M |
| Q4 25 | — | -12.7% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | 36.0% | -5.9% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | 38.4% | 0.1% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | — | -10.8% | ||
| Q3 25 | — | -4.2% | ||
| Q2 25 | 13.1% | -5.2% | ||
| Q1 25 | — | -6.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | — | -3.6% | ||
| Q2 24 | 11.7% | -1.3% | ||
| Q1 24 | — | -5.6% |
| Q4 25 | — | $-0.24 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | $0.14 | $-0.14 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $-0.12 | ||
| Q2 24 | $0.12 | $-0.04 | ||
| Q1 24 | — | $-0.19 |
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 | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $1.0B | $755.3M |
| Total Assets | $3.4B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.5M | ||
| Q3 25 | — | $32.7M | ||
| Q2 25 | $92.4M | $22.9M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | — | $30.7M | ||
| Q2 24 | $195.3M | $23.9M | ||
| Q1 24 | — | $23.8M |
| Q4 25 | — | $154.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $187.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $755.3M | ||
| Q3 25 | — | $775.6M | ||
| Q2 25 | $1.0B | $786.7M | ||
| Q1 25 | — | $807.7M | ||
| Q4 24 | — | $822.6M | ||
| Q3 24 | — | $825.7M | ||
| Q2 24 | $999.2M | $836.8M | ||
| Q1 24 | — | $848.8M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $3.4B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.23× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $14.9M |
| Free Cash FlowOCF − Capex | — | $-44.2M |
| FCF MarginFCF / Revenue | — | -24.6% |
| Capex IntensityCapex / Revenue | — | 33.0% |
| Cash ConversionOCF / Net Profit | 0.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.5M | ||
| Q2 25 | $6.3M | $21.0M | ||
| Q1 25 | — | $25.8M | ||
| Q4 24 | — | $37.8M | ||
| Q3 24 | — | $35.6M | ||
| Q2 24 | $16.0M | $40.0M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | — | $-44.2M | ||
| Q3 25 | — | $-12.2M | ||
| Q2 25 | — | $-12.8M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $-45.5M | ||
| Q3 24 | — | $24.6M | ||
| Q2 24 | — | $29.4M | ||
| Q1 24 | — | $26.3M |
| Q4 25 | — | -24.6% | ||
| Q3 25 | — | -6.2% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | -18.8% | ||
| Q3 24 | — | 9.5% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 9.7% |
| Q4 25 | — | 33.0% | ||
| Q3 25 | — | 20.2% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.7% |
| 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% |
HTLD
Segment breakdown not available.
