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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.

WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $267.7M, roughly 1.9× Borr Drilling Ltd). Borr Drilling Ltd runs the higher net margin — 13.1% vs 6.1%, a 7.0% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% 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.

Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.

BORR vs WWW — Head-to-Head

Bigger by revenue
WWW
WWW
1.9× larger
WWW
$517.5M
$267.7M
BORR
Growing faster (revenue YoY)
WWW
WWW
+27.1% gap
WWW
25.5%
-1.5%
BORR
Higher net margin
BORR
BORR
7.0% more per $
BORR
13.1%
6.1%
WWW

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BORR
BORR
WWW
WWW
Revenue
$267.7M
$517.5M
Net Profit
$35.1M
$31.8M
Gross Margin
47.3%
Operating Margin
36.0%
9.7%
Net Margin
13.1%
6.1%
Revenue YoY
-1.5%
25.5%
Net Profit YoY
10.7%
162.8%
EPS (diluted)
$0.14
$0.37

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
WWW
WWW
Q1 26
$517.5M
Q3 25
$470.3M
Q2 25
$267.7M
$474.2M
Q1 25
$412.3M
Q4 24
$494.7M
Q3 24
$440.2M
Q2 24
$271.9M
$425.2M
Q1 24
$394.9M
Net Profit
BORR
BORR
WWW
WWW
Q1 26
$31.8M
Q3 25
$25.1M
Q2 25
$35.1M
$26.8M
Q1 25
$12.1M
Q4 24
$23.1M
Q3 24
$23.2M
Q2 24
$31.7M
$13.8M
Q1 24
$-14.9M
Gross Margin
BORR
BORR
WWW
WWW
Q1 26
47.3%
Q3 25
47.5%
Q2 25
47.2%
Q1 25
47.2%
Q4 24
43.4%
Q3 24
45.1%
Q2 24
43.1%
Q1 24
45.9%
Operating Margin
BORR
BORR
WWW
WWW
Q1 26
9.7%
Q3 25
8.4%
Q2 25
36.0%
8.6%
Q1 25
4.8%
Q4 24
7.4%
Q3 24
7.9%
Q2 24
38.4%
6.8%
Q1 24
-0.8%
Net Margin
BORR
BORR
WWW
WWW
Q1 26
6.1%
Q3 25
5.3%
Q2 25
13.1%
5.7%
Q1 25
2.9%
Q4 24
4.7%
Q3 24
5.3%
Q2 24
11.7%
3.2%
Q1 24
-3.8%
EPS (diluted)
BORR
BORR
WWW
WWW
Q1 26
$0.37
Q3 25
$0.30
Q2 25
$0.14
$0.32
Q1 25
$0.15
Q4 24
$0.29
Q3 24
$0.28
Q2 24
$0.12
$0.17
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
BORR
BORR
WWW
WWW
Cash + ST InvestmentsLiquidity on hand
$92.4M
Total DebtLower is stronger
$621.7M
Stockholders' EquityBook value
$1.0B
$408.0M
Total Assets
$3.4B
$1.7B
Debt / EquityLower = less leverage
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BORR
BORR
WWW
WWW
Q1 26
Q3 25
Q2 25
$92.4M
Q1 25
Q4 24
Q3 24
Q2 24
$195.3M
Q1 24
Total Debt
BORR
BORR
WWW
WWW
Q1 26
$621.7M
Q3 25
$676.4M
Q2 25
$708.5M
Q1 25
$710.8M
Q4 24
$648.0M
Q3 24
$702.8M
Q2 24
$814.7M
Q1 24
$856.9M
Stockholders' Equity
BORR
BORR
WWW
WWW
Q1 26
$408.0M
Q3 25
$376.7M
Q2 25
$1.0B
$344.0M
Q1 25
$310.6M
Q4 24
$312.9M
Q3 24
$295.2M
Q2 24
$999.2M
$262.1M
Q1 24
$252.5M
Total Assets
BORR
BORR
WWW
WWW
Q1 26
$1.7B
Q3 25
$1.7B
Q2 25
$3.4B
$1.8B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$3.2B
$1.8B
Q1 24
$1.9B
Debt / Equity
BORR
BORR
WWW
WWW
Q1 26
1.52×
Q3 25
1.80×
Q2 25
2.06×
Q1 25
2.29×
Q4 24
2.07×
Q3 24
2.38×
Q2 24
3.11×
Q1 24
3.39×

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
WWW
WWW
Operating Cash FlowLast quarter
$6.3M
$146.2M
Free Cash FlowOCF − Capex
$145.6M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.18×
4.60×
TTM Free Cash FlowTrailing 4 quarters
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BORR
BORR
WWW
WWW
Q1 26
$146.2M
Q3 25
$33.0M
Q2 25
$6.3M
$44.6M
Q1 25
$-83.8M
Q4 24
$82.4M
Q3 24
$108.2M
Q2 24
$16.0M
$26.7M
Q1 24
$-37.2M
Free Cash Flow
BORR
BORR
WWW
WWW
Q1 26
$145.6M
Q3 25
$30.1M
Q2 25
$41.2M
Q1 25
$-91.4M
Q4 24
$74.4M
Q3 24
$104.1M
Q2 24
$23.7M
Q1 24
$-42.3M
FCF Margin
BORR
BORR
WWW
WWW
Q1 26
28.1%
Q3 25
6.4%
Q2 25
8.7%
Q1 25
-22.2%
Q4 24
15.0%
Q3 24
23.6%
Q2 24
5.6%
Q1 24
-10.7%
Capex Intensity
BORR
BORR
WWW
WWW
Q1 26
0.1%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
1.8%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
0.7%
Q1 24
1.3%
Cash Conversion
BORR
BORR
WWW
WWW
Q1 26
4.60×
Q3 25
1.31×
Q2 25
0.18×
1.66×
Q1 25
-6.93×
Q4 24
3.57×
Q3 24
4.66×
Q2 24
0.50×
1.93×
Q1 24

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%

WWW
WWW

Sales Channel Through Intermediary$230.2M44%
Sales Channel Directly To Consumer$142.6M28%
Work Group$134.0M26%
Other$10.7M2%

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