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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $232.1M, roughly 1.2× RADIANT LOGISTICS, INC). Borr Drilling Ltd runs the higher net margin — 13.1% vs 2.3%, a 10.8% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -12.3%).
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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
BORR vs RLGT — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $232.1M |
| Net Profit | $35.1M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 3.2% |
| Net Margin | 13.1% | 2.3% |
| Revenue YoY | -1.5% | -12.3% |
| Net Profit YoY | 10.7% | -18.0% |
| 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.
| Q4 25 | — | $232.1M | ||
| Q3 25 | — | $226.7M | ||
| Q2 25 | $267.7M | $220.6M | ||
| Q1 25 | — | $214.0M | ||
| Q4 24 | — | $264.5M | ||
| Q3 24 | — | $203.6M | ||
| Q2 24 | $271.9M | $206.0M | ||
| Q1 24 | — | $184.6M |
| Q4 25 | — | $5.3M | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | $35.1M | $4.9M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | — | $6.5M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | $31.7M | $4.8M | ||
| Q1 24 | — | $-703.0K |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 36.0% | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | 38.4% | 2.4% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 13.1% | 2.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 11.7% | 2.3% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $0.14 | $0.10 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.07 | ||
| Q2 24 | $0.12 | $0.11 | ||
| Q1 24 | — | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $229.8M |
| Total Assets | $3.4B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $28.1M | ||
| Q2 25 | $92.4M | $22.9M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | $195.3M | $24.9M | ||
| Q1 24 | — | $31.2M |
| Q4 25 | — | $229.8M | ||
| Q3 25 | — | $225.7M | ||
| Q2 25 | $1.0B | $226.0M | ||
| Q1 25 | — | $218.2M | ||
| Q4 24 | — | $214.4M | ||
| Q3 24 | — | $212.4M | ||
| Q2 24 | $999.2M | $209.4M | ||
| Q1 24 | — | $206.0M |
| Q4 25 | — | $439.4M | ||
| Q3 25 | — | $445.3M | ||
| Q2 25 | $3.4B | $426.8M | ||
| Q1 25 | — | $414.5M | ||
| Q4 24 | — | $386.8M | ||
| Q3 24 | — | $375.3M | ||
| Q2 24 | $3.2B | $371.2M | ||
| Q1 24 | — | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 0.18× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.4M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $6.3M | $3.1M | ||
| Q1 25 | — | $-5.7M | ||
| Q4 24 | — | $15.7M | ||
| Q3 24 | — | $205.0K | ||
| Q2 24 | $16.0M | $1.3M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K | ||
| Q1 24 | — | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | 0.18× | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | 0.50× | 0.26× | ||
| Q1 24 | — | — |
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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
