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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and SFL Corp Ltd. (SFL). Click either name above to swap in a different company.
SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $267.7M, roughly 1.3× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 1.1%, a 12.0% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -27.0%).
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.
SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.
BORR vs SFL — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $353.7M |
| Net Profit | $35.1M | $4.0M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 22.8% |
| Net Margin | 13.1% | 1.1% |
| Revenue YoY | -1.5% | -27.0% |
| Net Profit YoY | 10.7% | -93.9% |
| EPS (diluted) | $0.14 | $0.03 |
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 | — | $353.7M | ||
| Q2 25 | $267.7M | — | ||
| Q4 24 | — | $484.4M | ||
| Q2 24 | $271.9M | — | ||
| Q4 23 | — | $414.5M | ||
| Q2 23 | $187.5M | — | ||
| Q4 22 | — | $364.7M | ||
| Q2 22 | $105.3M | — |
| Q4 25 | — | $4.0M | ||
| Q2 25 | $35.1M | — | ||
| Q4 24 | — | $64.7M | ||
| Q2 24 | $31.7M | — | ||
| Q4 23 | — | $60.7M | ||
| Q2 23 | $800.0K | — | ||
| Q4 22 | — | $98.3M | ||
| Q2 22 | $-165.3M | — |
| Q4 25 | — | 22.8% | ||
| Q2 25 | 36.0% | — | ||
| Q4 24 | — | 32.8% | ||
| Q2 24 | 38.4% | — | ||
| Q4 23 | — | 33.4% | ||
| Q2 23 | 31.9% | — | ||
| Q4 22 | — | 38.3% | ||
| Q2 22 | -116.8% | — |
| Q4 25 | — | 1.1% | ||
| Q2 25 | 13.1% | — | ||
| Q4 24 | — | 13.4% | ||
| Q2 24 | 11.7% | — | ||
| Q4 23 | — | 14.6% | ||
| Q2 23 | 0.4% | — | ||
| Q4 22 | — | 27.0% | ||
| Q2 22 | -157.0% | — |
| Q4 25 | — | $0.03 | ||
| Q2 25 | $0.14 | — | ||
| Q4 24 | — | $0.49 | ||
| Q2 24 | $0.12 | — | ||
| Q4 23 | — | $0.48 | ||
| Q2 23 | $0.00 | — | ||
| Q4 22 | — | $0.74 | ||
| 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 | $150.8M |
| Total DebtLower is stronger | — | $2.6B |
| Stockholders' EquityBook value | $1.0B | $960.9M |
| Total Assets | $3.4B | $3.6B |
| Debt / EquityLower = less leverage | — | 2.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $150.8M | ||
| Q2 25 | $92.4M | — | ||
| Q4 24 | — | $134.6M | ||
| Q2 24 | $195.3M | — | ||
| Q4 23 | — | $165.5M | ||
| Q2 23 | $83.8M | — | ||
| Q4 22 | — | $188.4M | ||
| Q2 22 | $29.7M | — |
| Q4 25 | — | $2.6B | ||
| Q2 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q2 24 | — | — | ||
| Q4 23 | — | $2.2B | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $2.2B | ||
| Q2 22 | $281.8M | — |
| Q4 25 | — | $960.9M | ||
| Q2 25 | $1.0B | — | ||
| Q4 24 | — | $1.1B | ||
| Q2 24 | $999.2M | — | ||
| Q4 23 | — | $1.0B | ||
| Q2 23 | $906.2M | — | ||
| Q4 22 | — | $1.1B | ||
| Q2 22 | $711.5M | — |
| Q4 25 | — | $3.6B | ||
| Q2 25 | $3.4B | — | ||
| Q4 24 | — | $4.1B | ||
| Q2 24 | $3.2B | — | ||
| Q4 23 | — | $3.7B | ||
| Q2 23 | $3.0B | — | ||
| Q4 22 | — | $3.9B | ||
| Q2 22 | $3.0B | — |
| Q4 25 | — | 2.69× | ||
| Q2 25 | — | — | ||
| Q4 24 | — | 2.54× | ||
| Q2 24 | — | — | ||
| Q4 23 | — | 2.08× | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 2.03× | ||
| Q2 22 | 0.40× | — |
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 | $118.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.18× | 29.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.4M | ||
| Q2 25 | $6.3M | — | ||
| Q4 24 | — | $182.4M | ||
| Q2 24 | $16.0M | — | ||
| Q4 23 | — | $112.1M | ||
| Q2 23 | $2.4M | — | ||
| Q4 22 | — | $188.4M | ||
| Q2 22 | $-8.5M | — |
| Q4 25 | — | 29.75× | ||
| Q2 25 | 0.18× | — | ||
| Q4 24 | — | 2.82× | ||
| Q2 24 | 0.50× | — | ||
| Q4 23 | — | 1.85× | ||
| Q2 23 | 3.00× | — | ||
| Q4 22 | — | 1.92× | ||
| 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% |
SFL
Segment breakdown not available.
