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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $204.1M, roughly 1.3× TRUSTMARK CORP). TRUSTMARK CORP runs the higher net margin — 28.4% vs 13.1%, a 15.2% gap on every dollar of revenue. On growth, TRUSTMARK CORP posted the faster year-over-year revenue change (4.5% 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.
Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.
BORR vs TRMK — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $204.1M |
| Net Profit | $35.1M | $57.9M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | 34.7% |
| Net Margin | 13.1% | 28.4% |
| Revenue YoY | -1.5% | 4.5% |
| Net Profit YoY | 10.7% | 2.8% |
| EPS (diluted) | $0.14 | $0.96 |
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 | — | $204.1M | ||
| Q3 25 | — | $202.4M | ||
| Q2 25 | $267.7M | $198.6M | ||
| Q1 25 | — | $194.6M | ||
| Q4 24 | — | $155.8M | ||
| Q3 24 | — | $192.3M | ||
| Q2 24 | $271.9M | $141.0M | ||
| Q1 24 | — | $172.2M |
| Q4 25 | — | $57.9M | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | $35.1M | $55.8M | ||
| Q1 25 | — | $53.6M | ||
| Q4 24 | — | $56.3M | ||
| Q3 24 | — | $51.3M | ||
| Q2 24 | $31.7M | $73.8M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | 36.0% | 34.7% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 41.6% | ||
| Q3 24 | — | 32.5% | ||
| Q2 24 | 38.4% | -98.1% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 28.1% | ||
| Q2 25 | 13.1% | 28.1% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | 11.7% | 52.4% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | — | $0.96 | ||
| Q3 25 | — | $0.94 | ||
| Q2 25 | $0.14 | $0.92 | ||
| Q1 25 | — | $0.88 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $0.84 | ||
| Q2 24 | $0.12 | $1.20 | ||
| Q1 24 | — | $0.68 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $2.1B |
| Total Assets | $3.4B | $18.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $195.3M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $999.2M | $1.9B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | $18.8B | ||
| Q2 25 | $3.4B | $18.6B | ||
| Q1 25 | — | $18.3B | ||
| Q4 24 | — | $18.2B | ||
| Q3 24 | — | $18.5B | ||
| Q2 24 | $3.2B | $18.5B | ||
| Q1 24 | — | $18.4B |
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 | $243.9M |
| Free Cash FlowOCF − Capex | — | $232.0M |
| FCF MarginFCF / Revenue | — | 113.6% |
| Capex IntensityCapex / Revenue | — | 5.9% |
| Cash ConversionOCF / Net Profit | 0.18× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $409.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $243.9M | ||
| Q3 25 | — | $66.2M | ||
| Q2 25 | $6.3M | $37.6M | ||
| Q1 25 | — | $82.4M | ||
| Q4 24 | — | $116.9M | ||
| Q3 24 | — | $59.5M | ||
| Q2 24 | $16.0M | $16.7M | ||
| Q1 24 | — | $-58.5M |
| Q4 25 | — | $232.0M | ||
| Q3 25 | — | $62.7M | ||
| Q2 25 | — | $34.5M | ||
| Q1 25 | — | $80.6M | ||
| Q4 24 | — | $93.4M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $10.5M | ||
| Q1 24 | — | $-63.6M |
| Q4 25 | — | 113.6% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 41.4% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | -36.9% |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | — | 4.21× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 0.18× | 0.67× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 2.08× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | 0.50× | 0.23× | ||
| Q1 24 | — | -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% |
TRMK
Segment breakdown not available.
