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Side-by-side financial comparison of Borr Drilling Ltd (BORR) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Borr Drilling Ltd is the larger business by last-quarter revenue ($267.7M vs $249.0M, roughly 1.1× XPLR Infrastructure, LP). Borr Drilling Ltd runs the higher net margin — 13.1% vs 11.2%, a 1.9% gap on every dollar of revenue. On growth, Borr Drilling Ltd posted the faster year-over-year revenue change (-1.5% vs -15.3%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
BORR vs XIFR — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.7M | $249.0M |
| Net Profit | $35.1M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 36.0% | -19.3% |
| Net Margin | 13.1% | 11.2% |
| Revenue YoY | -1.5% | -15.3% |
| Net Profit YoY | 10.7% | 124.3% |
| 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.
| Q4 25 | — | $249.0M | ||
| Q3 25 | — | $315.0M | ||
| Q2 25 | $267.7M | $342.0M | ||
| Q1 25 | — | $282.0M | ||
| Q4 24 | — | $294.0M | ||
| Q3 24 | — | $319.0M | ||
| Q2 24 | $271.9M | $360.0M | ||
| Q1 24 | — | $257.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $-37.0M | ||
| Q2 25 | $35.1M | $79.0M | ||
| Q1 25 | — | $-98.0M | ||
| Q4 24 | — | $-115.0M | ||
| Q3 24 | — | $-40.0M | ||
| Q2 24 | $31.7M | $62.0M | ||
| Q1 24 | — | $70.0M |
| Q4 25 | — | -19.3% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 36.0% | 26.3% | ||
| Q1 25 | — | -82.6% | ||
| Q4 24 | — | -188.1% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | 38.4% | 18.3% | ||
| Q1 24 | — | -8.2% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -11.7% | ||
| Q2 25 | 13.1% | 23.1% | ||
| Q1 25 | — | -34.8% | ||
| Q4 24 | — | -39.1% | ||
| Q3 24 | — | -12.5% | ||
| Q2 24 | 11.7% | 17.2% | ||
| Q1 24 | — | 27.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.40 | ||
| Q2 25 | $0.14 | $0.84 | ||
| Q1 25 | — | $-1.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.43 | ||
| Q2 24 | $0.12 | $0.66 | ||
| Q1 24 | — | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.0B | $10.9B |
| Total Assets | $3.4B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $960.0M | ||
| Q3 25 | — | $711.0M | ||
| Q2 25 | $92.4M | $880.0M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $283.0M | ||
| Q3 24 | — | $290.0M | ||
| Q2 24 | $195.3M | $281.0M | ||
| Q1 24 | — | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $10.9B | ||
| Q3 25 | — | $11.0B | ||
| Q2 25 | $1.0B | $11.3B | ||
| Q1 25 | — | $12.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $13.6B | ||
| Q2 24 | $999.2M | $13.9B | ||
| Q1 24 | — | $14.0B |
| Q4 25 | — | $19.6B | ||
| Q3 25 | — | $19.1B | ||
| Q2 25 | $3.4B | $20.5B | ||
| Q1 25 | — | $21.4B | ||
| Q4 24 | — | $20.3B | ||
| Q3 24 | — | $20.9B | ||
| Q2 24 | $3.2B | $21.7B | ||
| Q1 24 | — | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 0.18× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $186.0M | ||
| Q3 25 | — | $231.0M | ||
| Q2 25 | $6.3M | $232.0M | ||
| Q1 25 | — | $90.0M | ||
| Q4 24 | — | $283.0M | ||
| Q3 24 | — | $208.0M | ||
| Q2 24 | $16.0M | $231.0M | ||
| Q1 24 | — | $78.0M |
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.18× | 2.94× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.50× | 3.73× | ||
| Q1 24 | — | 1.11× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
