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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Navios Maritime Partners L.P. (NMM). Click either name above to swap in a different company.
Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $267.7M, roughly 1.2× Borr Drilling Ltd). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 13.1%, a 8.2% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -4.3%).
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.
Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
BORR vs NMM — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $327.6M |
| Net Profit | $35.1M | $69.9M |
| Gross Margin | — | 90.5% |
| Operating Margin | 36.0% | — |
| Net Margin | 13.1% | 21.4% |
| Revenue YoY | -1.5% | -4.3% |
| Net Profit YoY | 10.7% | -31.1% |
| EPS (diluted) | $0.14 | — |
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.
| Q2 25 | $267.7M | $327.6M | ||
| Q2 24 | $271.9M | $342.2M | ||
| Q2 23 | $187.5M | $346.9M | ||
| Q2 22 | $105.3M | $280.7M |
| Q2 25 | $35.1M | $69.9M | ||
| Q2 24 | $31.7M | $101.5M | ||
| Q2 23 | $800.0K | $112.3M | ||
| Q2 22 | $-165.3M | $118.2M |
| Q2 25 | — | 90.5% | ||
| Q2 24 | — | 88.3% | ||
| Q2 23 | — | 87.9% | ||
| Q2 22 | — | 92.3% |
| Q2 25 | 36.0% | — | ||
| Q2 24 | 38.4% | — | ||
| Q2 23 | 31.9% | — | ||
| Q2 22 | -116.8% | — |
| Q2 25 | 13.1% | 21.4% | ||
| Q2 24 | 11.7% | 29.7% | ||
| Q2 23 | 0.4% | 32.4% | ||
| Q2 22 | -157.0% | 42.1% |
| Q2 25 | $0.14 | — | ||
| Q2 24 | $0.12 | — | ||
| Q2 23 | $0.00 | — | ||
| Q2 22 | $-1.09 | — |
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 | $377.0M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $1.0B | — |
| Total Assets | $3.4B | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $92.4M | $377.0M | ||
| Q2 24 | $195.3M | $272.0M | ||
| Q2 23 | $83.8M | $261.4M | ||
| Q2 22 | $29.7M | $163.4M |
| Q2 25 | — | $2.0B | ||
| Q2 24 | — | $1.4B | ||
| Q2 23 | — | $1.6B | ||
| Q2 22 | $281.8M | $1.1B |
| Q2 25 | $1.0B | — | ||
| Q2 24 | $999.2M | — | ||
| Q2 23 | $906.2M | $2.6B | ||
| Q2 22 | $711.5M | $2.0B |
| Q2 25 | $3.4B | $5.9B | ||
| Q2 24 | $3.2B | $5.3B | ||
| Q2 23 | $3.0B | $5.0B | ||
| Q2 22 | $3.0B | $3.7B |
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | 0.64× | ||
| Q2 22 | 0.40× | 0.54× |
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.
| Q2 25 | $6.3M | — | ||
| Q2 24 | $16.0M | — | ||
| Q2 23 | $2.4M | — | ||
| Q2 22 | $-8.5M | — |
| Q2 25 | 0.18× | — | ||
| Q2 24 | 0.50× | — | ||
| Q2 23 | 3.00× | — | ||
| Q2 22 | — | — |
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% |
NMM
Segment breakdown not available.
