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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $267.7M, roughly 2.0× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 6.4%, a 6.7% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs -1.5%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
BORR vs KMT — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $529.5M |
| Net Profit | $35.1M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | 36.0% | 9.9% |
| Net Margin | 13.1% | 6.4% |
| Revenue YoY | -1.5% | 9.8% |
| Net Profit YoY | 10.7% | 89.0% |
| EPS (diluted) | $0.14 | $0.44 |
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 | — | $529.5M | ||
| Q3 25 | — | $498.0M | ||
| Q2 25 | $267.7M | $516.4M | ||
| Q1 25 | — | $486.4M | ||
| Q4 24 | — | $482.1M | ||
| Q3 24 | — | $481.9M | ||
| Q2 24 | $271.9M | $543.3M | ||
| Q1 24 | — | $515.8M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | — | $23.3M | ||
| Q2 25 | $35.1M | $21.6M | ||
| Q1 25 | — | $31.5M | ||
| Q4 24 | — | $17.9M | ||
| Q3 24 | — | $22.1M | ||
| Q2 24 | $31.7M | $37.2M | ||
| Q1 24 | — | $19.0M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.3% | ||
| Q2 24 | — | 31.5% | ||
| Q1 24 | — | 29.7% |
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 36.0% | 6.1% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | 38.4% | 11.3% | ||
| Q1 24 | — | 6.8% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | 13.1% | 4.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | 11.7% | 6.8% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | $0.14 | $0.28 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | $0.12 | $0.47 | ||
| Q1 24 | — | $0.24 |
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 | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $1.0B | $1.3B |
| Total Assets | $3.4B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $129.3M | ||
| Q3 25 | — | $103.5M | ||
| Q2 25 | $92.4M | $140.5M | ||
| Q1 25 | — | $97.5M | ||
| Q4 24 | — | $121.2M | ||
| Q3 24 | — | $119.6M | ||
| Q2 24 | $195.3M | $128.0M | ||
| Q1 24 | — | $92.1M |
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M | ||
| Q1 24 | — | $595.8M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $999.2M | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | $3.2B | $2.5B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.47× |
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 | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 0.18× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $55.1M | ||
| Q3 25 | — | $17.5M | ||
| Q2 25 | $6.3M | $78.6M | ||
| Q1 25 | — | $28.8M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $45.7M | ||
| Q2 24 | $16.0M | $113.6M | ||
| Q1 24 | — | $75.2M |
| Q4 25 | — | $42.4M | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | — | $57.1M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $35.9M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | — | $90.3M | ||
| Q1 24 | — | $48.4M |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | 0.18× | 3.64× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | 0.50× | 3.06× | ||
| Q1 24 | — | 3.96× |
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% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
