Borr Drilling BORR
NYSE · Drilling Oil & Gas Wells · $1.0B$3.12−6.31%Nov 5 close · Databento
BORR Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $3.121D −6.31%3M −25.00%SMA20 $4.19SMA50 $4.27RSI(14) 30.1
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 30.1
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
1 story has a settled next close so far (1 on the Wire). The record starts speaking at three.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$1.0B
Enterprise value$2.8B
Revenue$1.0B +1.0%
ROIC5.6%
EPS, diluted$0.17 −46.9%
Modern Valuation (EOD)
Market Cap$1.0B
Enterprise Value$2.8B
EV / True FCF—
EV / FCF—
EV / Gross Profit—
EV / EBIT8.67
EV / Sales2.74
P / E (GAAP)22.73
P / FCF—
P / Oper. CF4.06
P / Book0.84
Owner & Cash Yields
True FCF Yield—
FCF Yield—
Owner Earn. Yield—
Earnings Yield4.4%
Shareholder Yield−0.6%
Buyback Yield0.0%
Dividend Yield0.64%
Dividend / sh$0.02
Payout Ratio10%
FCF / sh—
EPS (diluted)$0.17
Compounder & Returns
Rule of 40—
ROIC5.6%
Cash ROIC (CROIC)—
GP / Assets—
ROE3.7%
ROA1.2%
Gross Margin—
Oper. Margin31.6%
Net Margin4.4%
FCF Margin—
True FCF Margin—
Quality & Dilution
Cash Conversion—
Accrual Ratio−5.7%
SBC % of FCF—
SBC % of Rev1.1%
Reinvest. Rate—
Sales Growth Y/Y+1.0%
Sales 3Y CAGR+32.0%
EPS Growth Y/Y−46.9%
FCF Growth Y/Y—
FCF 3Y CAGR—
Share Change Y/Y+4.0%
Balance Sheet & Scale
Revenue (FY)$1.0B
Gross Profit (FY)—
Oper. Income (FY)$322.1M
GAAP Net Income$45.0M
True FCF (ex-SBC)—
Cash & Equiv$380.7M
Total Debt$2.2B
Net Cash (Debt)$-1.8B
Net Cash % MCap−173.0%
Debt / FCF (yrs)—
Current Ratio2.19307.22M sh
Price & Technicals (EOD)
Perf Week−23.15%
Perf Month−27.44%
Perf Quarter−19.17%
Perf Half Y−46.58%
Perf YTD−43.68%
SMA 20 Dist−25.49%$4.19
SMA 50 Dist−26.91%$4.27
SMA 100 Dist−26.70%$4.26
Window High−52.80%$6.61
Window Low0.00%$3.12
RSI (14) · Vol30.179%v
Income Distribution & Cash Flow ConversionHow every dollar of BORR revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$0 ($0.0 / $100)
Operating Expenses$699.0M ($68.5 / $100)
Tax & Non-Operating$277.1M ($27.1 / $100)
Net Profit Kept$45.0M ($4.4 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$45.0M (4.4% margin)
Operating Cash Flow (OCF)$251.9M(24.7% of rev)
Less: Capital Expenditures—
Standard Free Cash Flow (FCF)—
Less: Stock-Based Comp (SBC)−$11.3M
True FCF (Owner Cash ex-SBC)—
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $245.3M | $443.8M | $771.6M | $1.0B | $1.0B | +1.0% | +42.8% | |
| Total Operating Expenses | $334.8M | $549.9M | $521.8M | $636.8M | $699.0M | +9.8% | +20.2% | |
| Operating Income (EBIT) | $-88.3M | $-101.9M | $250.4M | $374.2M | $322.1M | −13.9% | — | |
| Interest Expense | $99.4M | $139.2M | $177.2M | $211.7M | $228.4M | +7.9% | +23.1% | |
| Income Tax Expense | $9.7M | $18.4M | $34.0M | $58.2M | $40.9M | −29.7% | +43.3% | |
| GAAP Net Income | $-193.0M | $-292.8M | $22.1M | $82.1M | $45.0M | −45.2% | — | |
| Diluted EPS | $-1.43 | $-1.64 | $0.09 | $0.32 | $0.17 | −46.9% | — | |
| Diluted Shares | 134.7M | 178.4M | 248.2M | 254.5M | 264.5M | +4.0% | +18.4% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $46.0M | $118.5M | $102.6M | $62.5M | $380.7M | +509.1% | +69.6% | |
| Total Current Assets | $176.2M | $349.9M | $409.9M | $516.6M | $768.4M | +48.7% | +44.5% | |
| Total Assets | $3.1B | $3.0B | $3.1B | $3.4B | $3.6B | +6.0% | +4.2% | |
| Total Current Liabilities | $117.9M | $745.6M | $360.4M | $409.6M | $350.7M | −14.4% | +31.3% | |
| Total Debt (Short + Long Term) | $1.9B | $1.6B | $1.7B | $2.1B | $2.2B | +1.9% | +2.9% | |
| Total Liabilities | $2.2B | $2.1B | $2.1B | $2.4B | $2.4B | −1.0% | +2.3% | |
| Stockholders' Equity | $889.9M | $897.8M | $984.0M | $993.3M | $1.2B | +23.1% | +8.3% | |
| Net Cash / (Net Debt) | $-1.9B | $-1.5B | $-1.6B | $-2.0B | $-1.8B | +13.6% | — | |
| Invested Capital | $2.8B | $2.4B | $2.6B | $3.0B | $3.0B | −1.6% | +2.0% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $-58.9M | $62.5M | $-50.7M | $77.3M | $251.9M | +225.9% | — | |
| Depreciation & Amortization (D&A) | $119.6M | $116.5M | $117.4M | $131.2M | $148.0M | +12.8% | +5.5% | |
| Stock-Based Compensation (SBC) | $900,000 | $2.6M | $5.6M | $9.1M | $11.3M | +24.2% | +88.2% | |
| Share Repurchases (Buybacks) | $0 | $0 | $800,000 | $19.9M | $200,000 | −99.0% | — | |
| Dividends Paid | — | $0 | $0 | $76.3M | $4.7M | −93.8% | — | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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