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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $267.7M, roughly 1.7× Borr Drilling Ltd). W. P. Carey Inc. runs the higher net margin — 33.4% vs 13.1%, a 20.3% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

BORR vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.7× larger
WPC
$444.5M
$267.7M
BORR
Growing faster (revenue YoY)
WPC
WPC
+11.0% gap
WPC
9.4%
-1.5%
BORR
Higher net margin
WPC
WPC
20.3% more per $
WPC
33.4%
13.1%
BORR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
WPC
WPC
Revenue
$267.7M
$444.5M
Net Profit
$35.1M
$148.3M
Gross Margin
Operating Margin
36.0%
34.5%
Net Margin
13.1%
33.4%
Revenue YoY
-1.5%
9.4%
Net Profit YoY
10.7%
215.4%
EPS (diluted)
$0.14

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
WPC
WPC
Q4 25
$444.5M
Q3 25
$431.3M
Q2 25
$267.7M
$430.8M
Q1 25
$409.9M
Q4 24
$406.2M
Q3 24
$397.4M
Q2 24
$271.9M
$389.7M
Q1 24
$389.8M
Net Profit
BORR
BORR
WPC
WPC
Q4 25
$148.3M
Q3 25
$141.0M
Q2 25
$35.1M
$51.2M
Q1 25
$125.8M
Q4 24
$47.0M
Q3 24
$111.7M
Q2 24
$31.7M
$142.9M
Q1 24
$159.2M
Operating Margin
BORR
BORR
WPC
WPC
Q4 25
34.5%
Q3 25
34.7%
Q2 25
36.0%
15.0%
Q1 25
33.5%
Q4 24
13.5%
Q3 24
30.4%
Q2 24
38.4%
38.3%
Q1 24
43.0%
Net Margin
BORR
BORR
WPC
WPC
Q4 25
33.4%
Q3 25
32.7%
Q2 25
13.1%
11.9%
Q1 25
30.7%
Q4 24
11.6%
Q3 24
28.1%
Q2 24
11.7%
36.7%
Q1 24
40.8%
EPS (diluted)
BORR
BORR
WPC
WPC
Q4 25
Q3 25
Q2 25
$0.14
Q1 25
Q4 24
Q3 24
Q2 24
$0.12
Q1 24

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$92.4M
$155.3M
Total DebtLower is stronger
$8.7B
Stockholders' EquityBook value
$1.0B
$8.1B
Total Assets
$3.4B
$18.0B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
WPC
WPC
Q4 25
$155.3M
Q3 25
$249.0M
Q2 25
$92.4M
$244.8M
Q1 25
$187.8M
Q4 24
$640.4M
Q3 24
$818.2M
Q2 24
$195.3M
$1.1B
Q1 24
$777.0M
Total Debt
BORR
BORR
WPC
WPC
Q4 25
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
BORR
BORR
WPC
WPC
Q4 25
$8.1B
Q3 25
$8.2B
Q2 25
$1.0B
$8.2B
Q1 25
$8.4B
Q4 24
$8.4B
Q3 24
$8.6B
Q2 24
$999.2M
$8.6B
Q1 24
$8.7B
Total Assets
BORR
BORR
WPC
WPC
Q4 25
$18.0B
Q3 25
$18.0B
Q2 25
$3.4B
$18.0B
Q1 25
$17.3B
Q4 24
$17.5B
Q3 24
$17.6B
Q2 24
$3.2B
$17.8B
Q1 24
$17.6B
Debt / Equity
BORR
BORR
WPC
WPC
Q4 25
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

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
WPC
WPC
Operating Cash FlowLast quarter
$6.3M
$304.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.18×
2.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
WPC
WPC
Q4 25
$304.6M
Q3 25
$300.5M
Q2 25
$6.3M
$404.0M
Q1 25
$273.2M
Q4 24
$296.3M
Q3 24
$280.2M
Q2 24
$16.0M
$221.0M
Q1 24
$1.0B
Cash Conversion
BORR
BORR
WPC
WPC
Q4 25
2.05×
Q3 25
2.13×
Q2 25
0.18×
7.89×
Q1 25
2.17×
Q4 24
6.30×
Q3 24
2.51×
Q2 24
0.50×
1.55×
Q1 24
6.50×

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%

WPC
WPC

Segment breakdown not available.

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