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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $267.7M, roughly 1.0× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 6.3%, a 6.8% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -5.0%).

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.

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

BORR vs KRC — Head-to-Head

Bigger by revenue
KRC
KRC
1.0× larger
KRC
$272.2M
$267.7M
BORR
Growing faster (revenue YoY)
BORR
BORR
+3.4% gap
BORR
-1.5%
-5.0%
KRC
Higher net margin
BORR
BORR
6.8% more per $
BORR
13.1%
6.3%
KRC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
KRC
KRC
Revenue
$267.7M
$272.2M
Net Profit
$35.1M
$17.1M
Gross Margin
Operating Margin
36.0%
Net Margin
13.1%
6.3%
Revenue YoY
-1.5%
-5.0%
Net Profit YoY
10.7%
-73.7%
EPS (diluted)
$0.14
$0.11

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
KRC
KRC
Q4 25
$272.2M
Q3 25
$279.7M
Q2 25
$267.7M
$289.9M
Q1 25
$270.8M
Q4 24
$286.4M
Q3 24
$289.9M
Q2 24
$271.9M
$280.7M
Q1 24
$278.6M
Net Profit
BORR
BORR
KRC
KRC
Q4 25
$17.1M
Q3 25
$162.3M
Q2 25
$35.1M
$79.6M
Q1 25
$43.7M
Q4 24
$65.0M
Q3 24
$57.7M
Q2 24
$31.7M
$54.5M
Q1 24
$55.7M
Operating Margin
BORR
BORR
KRC
KRC
Q4 25
Q3 25
Q2 25
36.0%
Q1 25
Q4 24
Q3 24
Q2 24
38.4%
Q1 24
Net Margin
BORR
BORR
KRC
KRC
Q4 25
6.3%
Q3 25
58.0%
Q2 25
13.1%
27.4%
Q1 25
16.1%
Q4 24
22.7%
Q3 24
19.9%
Q2 24
11.7%
19.4%
Q1 24
20.0%
EPS (diluted)
BORR
BORR
KRC
KRC
Q4 25
$0.11
Q3 25
$1.31
Q2 25
$0.14
$0.57
Q1 25
$0.33
Q4 24
$0.50
Q3 24
$0.44
Q2 24
$0.12
$0.41
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
KRC
KRC
Cash + ST InvestmentsLiquidity on hand
$92.4M
$179.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$5.4B
Total Assets
$3.4B
$10.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
KRC
KRC
Q4 25
$179.3M
Q3 25
$372.4M
Q2 25
$92.4M
$193.1M
Q1 25
$146.7M
Q4 24
$165.7M
Q3 24
$625.4M
Q2 24
$195.3M
$835.9M
Q1 24
$855.0M
Stockholders' Equity
BORR
BORR
KRC
KRC
Q4 25
$5.4B
Q3 25
$5.5B
Q2 25
$1.0B
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.4B
Q2 24
$999.2M
$5.4B
Q1 24
$5.4B
Total Assets
BORR
BORR
KRC
KRC
Q4 25
$10.9B
Q3 25
$11.0B
Q2 25
$3.4B
$10.9B
Q1 25
$10.9B
Q4 24
$10.9B
Q3 24
$11.4B
Q2 24
$3.2B
$11.5B
Q1 24
$11.6B

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
KRC
KRC
Operating Cash FlowLast quarter
$6.3M
$566.3M
Free Cash FlowOCF − Capex
$450.3M
FCF MarginFCF / Revenue
165.4%
Capex IntensityCapex / Revenue
42.6%
Cash ConversionOCF / Net Profit
0.18×
33.10×
TTM Free Cash FlowTrailing 4 quarters
$833.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
KRC
KRC
Q4 25
$566.3M
Q3 25
$176.6M
Q2 25
$6.3M
$143.7M
Q1 25
$136.9M
Q4 24
$541.1M
Q3 24
$176.3M
Q2 24
$16.0M
$88.7M
Q1 24
$167.9M
Free Cash Flow
BORR
BORR
KRC
KRC
Q4 25
$450.3M
Q3 25
$148.7M
Q2 25
$118.4M
Q1 25
$115.6M
Q4 24
$440.8M
Q3 24
$147.2M
Q2 24
$69.5M
Q1 24
$151.9M
FCF Margin
BORR
BORR
KRC
KRC
Q4 25
165.4%
Q3 25
53.1%
Q2 25
40.9%
Q1 25
42.7%
Q4 24
153.9%
Q3 24
50.8%
Q2 24
24.7%
Q1 24
54.5%
Capex Intensity
BORR
BORR
KRC
KRC
Q4 25
42.6%
Q3 25
10.0%
Q2 25
8.7%
Q1 25
7.9%
Q4 24
35.0%
Q3 24
10.1%
Q2 24
6.8%
Q1 24
5.7%
Cash Conversion
BORR
BORR
KRC
KRC
Q4 25
33.10×
Q3 25
1.09×
Q2 25
0.18×
1.81×
Q1 25
3.13×
Q4 24
8.32×
Q3 24
3.06×
Q2 24
0.50×
1.63×
Q1 24
3.01×

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%

KRC
KRC

Segment breakdown not available.

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