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

Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $168.3M, roughly 1.6× PARK NATIONAL CORP). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 13.1%, a 12.2% gap on every dollar of revenue. On growth, PARK NATIONAL CORP posted the faster year-over-year revenue change (2.2% 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.

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

BORR vs PRK — Head-to-Head

Bigger by revenue
BORR
BORR
1.6× larger
BORR
$267.7M
$168.3M
PRK
Growing faster (revenue YoY)
PRK
PRK
+3.7% gap
PRK
2.2%
-1.5%
BORR
Higher net margin
PRK
PRK
12.2% more per $
PRK
25.3%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
PRK
PRK
Revenue
$267.7M
$168.3M
Net Profit
$35.1M
$42.6M
Gross Margin
Operating Margin
36.0%
Net Margin
13.1%
25.3%
Revenue YoY
-1.5%
2.2%
Net Profit YoY
10.7%
10.4%
EPS (diluted)
$0.14
$2.62

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
PRK
PRK
Q4 25
$168.3M
Q3 25
$169.5M
Q2 25
$267.7M
$168.7M
Q1 25
$157.9M
Q4 24
$164.7M
Q3 24
$170.3M
Q2 24
$271.9M
$157.7M
Q1 24
$152.8M
Net Profit
BORR
BORR
PRK
PRK
Q4 25
$42.6M
Q3 25
$47.2M
Q2 25
$35.1M
$48.1M
Q1 25
$42.2M
Q4 24
$38.6M
Q3 24
$38.2M
Q2 24
$31.7M
$39.4M
Q1 24
$35.2M
Operating Margin
BORR
BORR
PRK
PRK
Q4 25
Q3 25
34.3%
Q2 25
36.0%
35.2%
Q1 25
32.4%
Q4 24
Q3 24
27.4%
Q2 24
38.4%
30.6%
Q1 24
27.8%
Net Margin
BORR
BORR
PRK
PRK
Q4 25
25.3%
Q3 25
27.8%
Q2 25
13.1%
28.5%
Q1 25
26.7%
Q4 24
23.5%
Q3 24
22.4%
Q2 24
11.7%
25.0%
Q1 24
23.0%
EPS (diluted)
BORR
BORR
PRK
PRK
Q4 25
$2.62
Q3 25
$2.92
Q2 25
$0.14
$2.97
Q1 25
$2.60
Q4 24
$2.38
Q3 24
$2.35
Q2 24
$0.12
$2.42
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$92.4M
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$1.4B
Total Assets
$3.4B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
PRK
PRK
Q4 25
$233.5M
Q3 25
$218.9M
Q2 25
$92.4M
$193.1M
Q1 25
$237.6M
Q4 24
$160.6M
Q3 24
$201.7M
Q2 24
$195.3M
$261.5M
Q1 24
$306.1M
Stockholders' Equity
BORR
BORR
PRK
PRK
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.0B
$1.3B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$999.2M
$1.2B
Q1 24
$1.2B
Total Assets
BORR
BORR
PRK
PRK
Q4 25
$9.8B
Q3 25
$9.9B
Q2 25
$3.4B
$9.9B
Q1 25
$9.9B
Q4 24
$9.8B
Q3 24
$9.9B
Q2 24
$3.2B
$9.9B
Q1 24
$9.9B

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
PRK
PRK
Operating Cash FlowLast quarter
$6.3M
$198.3M
Free Cash FlowOCF − Capex
$191.9M
FCF MarginFCF / Revenue
114.1%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
0.18×
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
PRK
PRK
Q4 25
$198.3M
Q3 25
$52.6M
Q2 25
$6.3M
$49.7M
Q1 25
$37.9M
Q4 24
$178.8M
Q3 24
$43.8M
Q2 24
$16.0M
$50.9M
Q1 24
$35.0M
Free Cash Flow
BORR
BORR
PRK
PRK
Q4 25
$191.9M
Q3 25
$51.1M
Q2 25
$48.4M
Q1 25
$36.8M
Q4 24
$169.7M
Q3 24
$41.7M
Q2 24
$49.0M
Q1 24
$31.9M
FCF Margin
BORR
BORR
PRK
PRK
Q4 25
114.1%
Q3 25
30.1%
Q2 25
28.7%
Q1 25
23.3%
Q4 24
103.0%
Q3 24
24.5%
Q2 24
31.1%
Q1 24
20.8%
Capex Intensity
BORR
BORR
PRK
PRK
Q4 25
3.8%
Q3 25
0.9%
Q2 25
0.8%
Q1 25
0.7%
Q4 24
5.6%
Q3 24
1.2%
Q2 24
1.2%
Q1 24
2.1%
Cash Conversion
BORR
BORR
PRK
PRK
Q4 25
4.65×
Q3 25
1.11×
Q2 25
0.18×
1.03×
Q1 25
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
0.50×
1.29×
Q1 24
0.99×

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%

PRK
PRK

Segment breakdown not available.

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