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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $267.7M, roughly 1.4× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 2.1%, a 11.0% gap on every dollar of revenue.
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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
BORR vs PERI — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $368.7M |
| Net Profit | $35.1M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 2.0% |
| Net Margin | 13.1% | 2.1% |
| Revenue YoY | -1.5% | — |
| Net Profit YoY | 10.7% | — |
| 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.
| Q3 25 | — | $368.7M | ||
| Q2 25 | $267.7M | $266.5M | ||
| Q1 25 | — | $157.8M | ||
| Q3 24 | — | $508.9M | ||
| Q2 24 | $271.9M | $323.6M | ||
| Q1 24 | — | $145.2M | ||
| Q3 23 | — | $430.6M | ||
| Q2 23 | $187.5M | $272.0M |
| Q3 25 | — | $7.7M | ||
| Q2 25 | $35.1M | $5.6M | ||
| Q1 25 | — | $11.8M | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | $31.7M | $45.2M | ||
| Q1 24 | — | $23.8M | ||
| Q3 23 | — | $60.5M | ||
| Q2 23 | $800.0K | $35.0M |
| Q3 25 | — | 2.0% | ||
| Q2 25 | 36.0% | -1.7% | ||
| Q1 25 | — | 5.4% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | 38.4% | 13.7% | ||
| Q1 24 | — | 16.9% | ||
| Q3 23 | — | 15.8% | ||
| Q2 23 | 31.9% | 14.1% |
| Q3 25 | — | 2.1% | ||
| Q2 25 | 13.1% | 2.1% | ||
| Q1 25 | — | 7.5% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | 11.7% | 14.0% | ||
| Q1 24 | — | 16.4% | ||
| Q3 23 | — | 14.1% | ||
| Q2 23 | 0.4% | 12.9% |
| Q3 25 | — | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | $0.00 | — |
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 | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $722.9M |
| Total Assets | $3.4B | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $156.2M | ||
| Q2 25 | $92.4M | $156.2M | ||
| Q1 25 | — | $156.2M | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | $195.3M | $187.6M | ||
| Q1 24 | — | $187.6M | ||
| Q3 23 | — | $176.2M | ||
| Q2 23 | $83.8M | $411.2M |
| Q3 25 | — | $722.9M | ||
| Q2 25 | $1.0B | $722.9M | ||
| Q1 25 | — | $722.9M | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | $999.2M | $718.1M | ||
| Q1 24 | — | $718.1M | ||
| Q3 23 | — | $583.1M | ||
| Q2 23 | $906.2M | $636.5M |
| Q3 25 | — | $915.5M | ||
| Q2 25 | $3.4B | $915.5M | ||
| Q1 25 | — | $915.5M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | — | $1.1B | ||
| Q3 23 | — | $870.2M | ||
| Q2 23 | $3.0B | $903.5M |
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 | $2.6M |
| Free Cash FlowOCF − Capex | — | $-2.9M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.18× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $2.6M | ||
| Q2 25 | $6.3M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $105.2M | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | — | $17.8M | ||
| Q3 23 | — | $83.9M | ||
| Q2 23 | $2.4M | $49.3M |
| Q3 25 | — | $-2.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $17.6M | ||
| Q3 23 | — | $83.2M | ||
| Q2 23 | — | $48.8M |
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.2% | ||
| Q3 23 | — | 19.3% | ||
| Q2 23 | — | 18.0% |
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.1% | ||
| Q3 23 | — | 0.2% | ||
| Q2 23 | — | 0.2% |
| Q3 25 | — | 0.34× | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | — | 0.75× | ||
| Q3 23 | — | 1.39× | ||
| Q2 23 | 3.00× | 1.41× |
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% |
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
