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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and WORKIVA INC (WK). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $238.9M, roughly 1.1× WORKIVA INC). Borr Drilling Ltd runs the higher net margin — 13.1% vs 4.9%, a 8.2% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
BORR vs WK — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $238.9M |
| Net Profit | $35.1M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 36.0% | 3.3% |
| Net Margin | 13.1% | 4.9% |
| Revenue YoY | -1.5% | 19.5% |
| Net Profit YoY | 10.7% | 234.0% |
| EPS (diluted) | $0.14 | $0.21 |
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 | — | $238.9M | ||
| Q3 25 | — | $224.2M | ||
| Q2 25 | $267.7M | $215.2M | ||
| Q1 25 | — | $206.3M | ||
| Q4 24 | — | $199.9M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | $271.9M | $177.5M | ||
| Q1 24 | — | $175.7M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | — | $2.8M | ||
| Q2 25 | $35.1M | $-19.4M | ||
| Q1 25 | — | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | — | $-17.0M | ||
| Q2 24 | $31.7M | $-17.5M | ||
| Q1 24 | — | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | 36.0% | -10.3% | ||
| Q1 25 | — | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | 38.4% | -13.0% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 13.1% | -9.0% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | 11.7% | -9.9% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | $0.14 | $-0.35 | ||
| Q1 25 | — | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | $0.12 | $-0.32 | ||
| Q1 24 | — | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $-5.4M |
| Total Assets | $3.4B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | $92.4M | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | $195.3M | $267.9M | ||
| Q1 24 | — | $296.1M |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | — | $-36.9M | ||
| Q2 25 | $1.0B | $-66.5M | ||
| Q1 25 | — | $-75.7M | ||
| Q4 24 | — | $-41.7M | ||
| Q3 24 | — | $-50.8M | ||
| Q2 24 | $999.2M | $-77.7M | ||
| Q1 24 | — | $-83.2M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $3.4B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | — | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.18× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $51.0M | ||
| Q3 25 | — | $46.2M | ||
| Q2 25 | $6.3M | $50.3M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | — | $18.9M | ||
| Q2 24 | $16.0M | $-14.0K | ||
| Q1 24 | — | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K | ||
| Q1 24 | — | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.50× | — | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
