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

IDACORP INC is the larger business by last-quarter revenue ($360.1M vs $267.7M, roughly 1.3× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 12.1%, a 1.0% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -4.2%).

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.

IDACORP, Inc is an electricity holding company, incorporated in Idaho with headquarters in Boise. It comprises Idaho Power Company, IDACORP Financial and Ida-West Energy. It was formed on October 1, 1998.

BORR vs IDA — Head-to-Head

Bigger by revenue
IDA
IDA
1.3× larger
IDA
$360.1M
$267.7M
BORR
Growing faster (revenue YoY)
BORR
BORR
+2.7% gap
BORR
-1.5%
-4.2%
IDA
Higher net margin
BORR
BORR
1.0% more per $
BORR
13.1%
12.1%
IDA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
IDA
IDA
Revenue
$267.7M
$360.1M
Net Profit
$35.1M
$43.6M
Gross Margin
Operating Margin
36.0%
14.9%
Net Margin
13.1%
12.1%
Revenue YoY
-1.5%
-4.2%
Net Profit YoY
10.7%
15.1%
EPS (diluted)
$0.14
$0.78

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
IDA
IDA
Q4 25
$360.1M
Q3 25
$526.4M
Q2 25
$267.7M
$449.3M
Q1 25
$411.1M
Q4 24
$375.9M
Q3 24
$532.5M
Q2 24
$271.9M
$442.6M
Q1 24
$417.9M
Net Profit
BORR
BORR
IDA
IDA
Q4 25
$43.6M
Q3 25
$124.4M
Q2 25
$35.1M
$95.8M
Q1 25
$59.6M
Q4 24
$37.9M
Q3 24
$113.6M
Q2 24
$31.7M
$89.5M
Q1 24
$48.2M
Operating Margin
BORR
BORR
IDA
IDA
Q4 25
14.9%
Q3 25
27.5%
Q2 25
36.0%
22.4%
Q1 25
13.4%
Q4 24
11.0%
Q3 24
25.1%
Q2 24
38.4%
23.3%
Q1 24
11.9%
Net Margin
BORR
BORR
IDA
IDA
Q4 25
12.1%
Q3 25
23.6%
Q2 25
13.1%
21.3%
Q1 25
14.5%
Q4 24
10.1%
Q3 24
21.3%
Q2 24
11.7%
20.2%
Q1 24
11.5%
EPS (diluted)
BORR
BORR
IDA
IDA
Q4 25
$0.78
Q3 25
$2.26
Q2 25
$0.14
$1.76
Q1 25
$1.10
Q4 24
$0.72
Q3 24
$2.12
Q2 24
$0.12
$1.71
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
IDA
IDA
Cash + ST InvestmentsLiquidity on hand
$92.4M
$215.7M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$1.0B
$3.6B
Total Assets
$3.4B
$10.2B
Debt / EquityLower = less leverage
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
IDA
IDA
Q4 25
$215.7M
Q3 25
$333.2M
Q2 25
$92.4M
$474.5M
Q1 25
$634.5M
Q4 24
$368.9M
Q3 24
$427.9M
Q2 24
$195.3M
$169.6M
Q1 24
$157.6M
Total Debt
BORR
BORR
IDA
IDA
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BORR
BORR
IDA
IDA
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$1.0B
$3.4B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$999.2M
$3.2B
Q1 24
$2.9B
Total Assets
BORR
BORR
IDA
IDA
Q4 25
$10.2B
Q3 25
$10.1B
Q2 25
$3.4B
$9.9B
Q1 25
$9.6B
Q4 24
$9.2B
Q3 24
$9.1B
Q2 24
$3.2B
$8.7B
Q1 24
$8.3B
Debt / Equity
BORR
BORR
IDA
IDA
Q4 25
0.93×
Q3 25
Q2 25
Q1 25
Q4 24
0.92×
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
BORR
BORR
IDA
IDA
Operating Cash FlowLast quarter
$6.3M
$137.8M
Free Cash FlowOCF − Capex
$-216.2M
FCF MarginFCF / Revenue
-60.0%
Capex IntensityCapex / Revenue
98.3%
Cash ConversionOCF / Net Profit
0.18×
3.16×
TTM Free Cash FlowTrailing 4 quarters
$-577.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
IDA
IDA
Q4 25
$137.8M
Q3 25
$162.8M
Q2 25
$6.3M
$176.9M
Q1 25
$124.3M
Q4 24
$136.4M
Q3 24
$201.9M
Q2 24
$16.0M
$146.4M
Q1 24
$109.7M
Free Cash Flow
BORR
BORR
IDA
IDA
Q4 25
$-216.2M
Q3 25
$-127.9M
Q2 25
$-156.4M
Q1 25
$-77.0M
Q4 24
$-48.9M
Q3 24
$-16.1M
Q2 24
$-199.6M
Q1 24
$-150.3M
FCF Margin
BORR
BORR
IDA
IDA
Q4 25
-60.0%
Q3 25
-24.3%
Q2 25
-34.8%
Q1 25
-18.7%
Q4 24
-13.0%
Q3 24
-3.0%
Q2 24
-45.1%
Q1 24
-36.0%
Capex Intensity
BORR
BORR
IDA
IDA
Q4 25
98.3%
Q3 25
55.2%
Q2 25
74.2%
Q1 25
49.0%
Q4 24
49.3%
Q3 24
41.0%
Q2 24
78.2%
Q1 24
62.2%
Cash Conversion
BORR
BORR
IDA
IDA
Q4 25
3.16×
Q3 25
1.31×
Q2 25
0.18×
1.85×
Q1 25
2.08×
Q4 24
3.60×
Q3 24
1.78×
Q2 24
0.50×
1.63×
Q1 24
2.28×

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%

IDA
IDA

Retailrevenues$323.0M90%
Transmissionserviceswheeling$18.6M5%
Energyefficiencyprogramrevenues$11.7M3%
Wholesaleenergysales$10.5M3%
Otherrevenues$9.5M3%

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