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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $225.6M, roughly 1.2× Organogenesis Holdings Inc.). Organogenesis Holdings Inc. runs the higher net margin — 19.4% vs 13.1%, a 6.3% gap on every dollar of revenue. On growth, Organogenesis Holdings Inc. posted the faster year-over-year revenue change (78.1% 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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

BORR vs ORGO — Head-to-Head

Bigger by revenue
BORR
BORR
1.2× larger
BORR
$267.7M
$225.6M
ORGO
Growing faster (revenue YoY)
ORGO
ORGO
+79.7% gap
ORGO
78.1%
-1.5%
BORR
Higher net margin
ORGO
ORGO
6.3% more per $
ORGO
19.4%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
ORGO
ORGO
Revenue
$267.7M
$225.6M
Net Profit
$35.1M
$43.7M
Gross Margin
Operating Margin
36.0%
28.1%
Net Margin
13.1%
19.4%
Revenue YoY
-1.5%
78.1%
Net Profit YoY
10.7%
469.5%
EPS (diluted)
$0.14
$0.31

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
ORGO
ORGO
Q4 25
$225.6M
Q3 25
$150.9M
Q2 25
$267.7M
$101.0M
Q1 25
$86.7M
Q4 24
$126.7M
Q3 24
$115.2M
Q2 24
$271.9M
$130.2M
Q1 24
$110.0M
Net Profit
BORR
BORR
ORGO
ORGO
Q4 25
$43.7M
Q3 25
$21.6M
Q2 25
$35.1M
$-9.4M
Q1 25
$-18.8M
Q4 24
$7.7M
Q3 24
$12.3M
Q2 24
$31.7M
$-17.0M
Q1 24
$-2.1M
Gross Margin
BORR
BORR
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Q1 24
73.9%
Operating Margin
BORR
BORR
ORGO
ORGO
Q4 25
28.1%
Q3 25
13.7%
Q2 25
36.0%
-12.5%
Q1 25
-30.9%
Q4 24
8.1%
Q3 24
5.4%
Q2 24
38.4%
-10.7%
Q1 24
-3.5%
Net Margin
BORR
BORR
ORGO
ORGO
Q4 25
19.4%
Q3 25
14.3%
Q2 25
13.1%
-9.3%
Q1 25
-21.7%
Q4 24
6.1%
Q3 24
10.7%
Q2 24
11.7%
-13.1%
Q1 24
-1.9%
EPS (diluted)
BORR
BORR
ORGO
ORGO
Q4 25
$0.31
Q3 25
$0.11
Q2 25
$0.14
$-0.10
Q1 25
$-0.17
Q4 24
$0.05
Q3 24
$0.09
Q2 24
$0.12
$-0.13
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$92.4M
$93.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$300.1M
Total Assets
$3.4B
$598.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
ORGO
ORGO
Q4 25
$93.7M
Q3 25
$63.7M
Q2 25
$92.4M
$73.1M
Q1 25
$110.0M
Q4 24
$135.6M
Q3 24
$94.3M
Q2 24
$195.3M
$89.9M
Q1 24
$88.6M
Total Debt
BORR
BORR
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Q1 24
$65.2M
Stockholders' Equity
BORR
BORR
ORGO
ORGO
Q4 25
$300.1M
Q3 25
$255.1M
Q2 25
$1.0B
$233.2M
Q1 25
$242.9M
Q4 24
$262.9M
Q3 24
$278.5M
Q2 24
$999.2M
$263.5M
Q1 24
$278.0M
Total Assets
BORR
BORR
ORGO
ORGO
Q4 25
$598.7M
Q3 25
$509.8M
Q2 25
$3.4B
$461.1M
Q1 25
$467.4M
Q4 24
$497.9M
Q3 24
$446.3M
Q2 24
$3.2B
$443.2M
Q1 24
$458.5M
Debt / Equity
BORR
BORR
ORGO
ORGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×
Q1 24
0.23×

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
ORGO
ORGO
Operating Cash FlowLast quarter
$6.3M
$39.4M
Free Cash FlowOCF − Capex
$34.8M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
0.18×
0.90×
TTM Free Cash FlowTrailing 4 quarters
$-24.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
ORGO
ORGO
Q4 25
$39.4M
Q3 25
$3.1M
Q2 25
$6.3M
$-32.9M
Q1 25
$-19.9M
Q4 24
$10.9M
Q3 24
$8.7M
Q2 24
$16.0M
$4.7M
Q1 24
$-10.2M
Free Cash Flow
BORR
BORR
ORGO
ORGO
Q4 25
$34.8M
Q3 25
$844.0K
Q2 25
$-36.5M
Q1 25
$-23.6M
Q4 24
$7.6M
Q3 24
$6.1M
Q2 24
$2.9M
Q1 24
$-12.4M
FCF Margin
BORR
BORR
ORGO
ORGO
Q4 25
15.4%
Q3 25
0.6%
Q2 25
-36.1%
Q1 25
-27.2%
Q4 24
6.0%
Q3 24
5.3%
Q2 24
2.2%
Q1 24
-11.3%
Capex Intensity
BORR
BORR
ORGO
ORGO
Q4 25
2.1%
Q3 25
1.5%
Q2 25
3.6%
Q1 25
4.2%
Q4 24
2.7%
Q3 24
2.2%
Q2 24
1.4%
Q1 24
2.0%
Cash Conversion
BORR
BORR
ORGO
ORGO
Q4 25
0.90×
Q3 25
0.14×
Q2 25
0.18×
Q1 25
Q4 24
1.43×
Q3 24
0.71×
Q2 24
0.50×
Q1 24

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%

ORGO
ORGO

Segment breakdown not available.

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