Borr Drilling Limited (BORR) Financial Ratios
10 years of historical data (2016–2025) · Energy · Oil & Gas Drilling
EV/EBITDA
↓
6.19
↓-88% vs avg
5yr avg: 50.61
30Y Low6.0·High69.0
P/FCF
8.94
+7% vs avg
5yr avg: 8.37
30Y Low8.4·High8.4
P/B Ratio
↑
0.94
-7% vs avg
5yr avg: 1.01
30Y Low0.1·High1.9
ROE
↑
4.1%
↓+153% vs avg
5yr avg: -7.6%
30Y Low-33%·High8%
Debt/EBITDA
↓
4.58
↓-88% vs avg
5yr avg: 36.80
30Y Low4.2·High4.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BORR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Borr Drilling Limited trades at 25.5x earnings, 35% below its 5-year average of 39.5x, sitting at the 67th percentile of its historical range. Compared to the Energy sector median P/E of 15.6x, the stock trades at a premium of 63%. On a free-cash-flow basis, the stock trades at 8.9x P/FCF, 7% above the 5-year average of 8.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.1B | $992M | $1.8B | $887M | $278M | $123M | $973M | — | — | — |
| Enterprise Value | $2.9B | $2.8B | $3.0B | $3.4B | $2.4B | $2.2B | $2.0B | $2.6B | — | — | — |
| P/E Ratio → | 25.53 | 23.71 | 12.19 | 82.60 | — | — | — | — | — | — | — |
| P/S Ratio | 1.12 | 1.04 | 0.98 | 2.37 | 2.00 | 1.13 | 0.40 | 2.91 | — | — | — |
| P/B Ratio | 0.94 | 0.87 | 1.00 | 1.86 | 0.99 | 0.31 | 0.12 | 0.75 | — | — | — |
| P/FCF | 8.94 | 8.37 | — | — | — | — | — | — | — | — | — |
| P/OCF | 4.52 | 4.23 | 12.84 | — | 14.19 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
BORR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Borr Drilling Limited's enterprise value stands at 6.2x EBITDA, 88% below its 5-year average of 50.6x. The Energy sector median is 7.9x, placing the stock at a 21% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.78 | 3.01 | 4.44 | 5.35 | 8.80 | 6.55 | 7.65 | — | — | — |
| EV / EBITDA | 6.19 | 6.04 | 6.02 | 9.32 | 162.70 | 68.99 | — | — | — | — | — |
| EV / EBIT | 9.04 | 8.81 | 8.90 | 15.97 | — | — | — | — | — | — | — |
| EV / FCF | — | 22.26 | — | — | — | — | — | — | — | — | — |
BORR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Borr Drilling Limited earns an operating margin of 31.5%, significantly above the Energy sector average of 13.8%. ROE of 4.1% is modest, trailing the sector median of 7.2%. ROIC of 8.0% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5% | 36.5% | 87.0% | 84.8% | 73.7% | 51.2% | 61.7% | 63.6% | 37.1% | -36100.0% | — |
| Operating Margin | 31.5% | 31.5% | 37.0% | 32.5% | -23.0% | -36.0% | -61.1% | -45.1% | -79.7% | -109700.0% | — |
| Net Profit Margin | 4.4% | 4.4% | 8.1% | 2.9% | -66.0% | -78.7% | -103.3% | -89.1% | -115.5% | -88000.0% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 4.1% | 8.3% | 2.3% | -32.8% | -20.0% | -27.3% | -21.0% | -12.6% | -10.7% | -0.5% |
| ROA | 1.3% | 1.3% | 2.5% | 0.7% | -9.6% | -6.2% | -9.8% | -9.6% | -8.3% | -9.6% | -0.5% |
| ROIC | 8.0% | 8.0% | 10.0% | 7.6% | -3.0% | -2.3% | -4.9% | -4.1% | -4.8% | -11.5% | -2.9% |
| ROCE | 10.2% | 10.2% | 13.1% | 10.1% | -3.9% | -2.9% | -6.2% | -5.2% | -5.9% | -12.1% | -0.5% |
BORR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Borr Drilling Limited carries a Debt/EBITDA ratio of 4.6x, which is highly leveraged (76% above the sector average of 2.6x). Net debt stands at $1.8B ($2.2B total debt minus $381M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.76 | 1.76 | 2.13 | 1.73 | 1.78 | 2.15 | 1.84 | 1.32 | 0.77 | 0.06 | — |
| Debt / EBITDA | 4.58 | 4.58 | 4.18 | 4.63 | 109.36 | 61.23 | — | — | — | — | — |
| Net Debt / Equity | — | 1.45 | 2.06 | 1.63 | 1.66 | 2.11 | 1.82 | 1.22 | 0.75 | -0.05 | -0.88 |
| Net Debt / EBITDA | 3.77 | 3.77 | 4.06 | 4.35 | 101.97 | 60.12 | — | — | — | — | -118.35 |
| Debt / FCF | — | 13.89 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.41 | 1.41 | 1.56 | 1.19 | -0.98 | -0.97 | -2.20 | -2.55 | -10.16 | -175.00 | — |
BORR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Borr Drilling Limited's current ratio of 2.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.14x to 2.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.11 | 2.11 | 1.26 | 1.14 | 0.47 | 1.49 | 1.39 | 1.03 | 1.75 | 10.69 | 566.06 |
| Quick Ratio | 2.11 | 2.11 | 1.26 | 1.14 | 0.47 | 1.49 | 1.39 | 1.03 | 1.05 | 10.69 | 566.06 |
| Cash Ratio | 1.09 | 1.09 | 0.15 | 0.28 | 0.14 | 0.30 | 0.20 | 0.51 | 0.27 | 7.98 | 566.06 |
| Asset Turnover | — | 0.28 | 0.30 | 0.25 | 0.15 | 0.08 | 0.10 | 0.10 | 0.06 | 0.00 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | 1.24 | — | — |
| Days Sales Outstanding | — | 116.92 | 145.99 | 121.05 | 157.00 | 168.29 | 117.51 | 120.72 | 206.07 | 18615.00 | — |
BORR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Borr Drilling Limited returns 0.4% to shareholders annually — split between a 0.4% dividend yield and 0.0% buyback yield. The payout ratio of 10.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.4% | 7.7% | — | — | — | — | — | — | — | — |
| Payout Ratio | 10.4% | 10.4% | 92.9% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.2% | 8.2% | 1.2% | — | — | — | — | — | — | — |
| FCF Yield | 11.2% | 11.9% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 2.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.4% | 0.5% | 9.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $265M | $254M | $248M | $178M | $135M | $75M | $54M | $51M | $27M | $101M |
Peer Comparison
Compare BORR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BORRYou | $1B | 25.5 | 6.2 | 8.9 | 36.5% | 31.5% | 4.1% | 8.0% | 4.6 |
 VAL | $6B | 5.8 | 9.5 | 27.3 | 25.0% | 20.9% | 36.3% | 10.9% | 1.9 |
 NE | $7B | 31.4 | 7.5 | 15.6 | 19.7% | 15.7% | 4.7% | 6.2% | 1.8 |
 PD | $752M | 4.4 | 48.9 | 6.7 | 84.9% | 1.2% | 83.0% | 1.2% | 21.8 |
 PTEN | $4B | -42.5 | 5.2 | 10.4 | 4.8% | -0.5% | -2.8% | -0.4% | 1.4 |
 RIG | $5B | -1.8 | 7.0 | 7.8 | 83.4% | 17.8% | -31.7% | 3.6% | 4.1 |
 HP | $4B | -21.4 | 6.6 | 30.4 | 14.8% | 6.2% | -5.7% | 3.7% | 2.7 |
 NBR | $1B | 5.0 | 3.3 | — | 19.5% | 8.3% | 18.8% | 6.2% | 2.8 |
 SLB | $72B | 20.4 | 11.0 | 15.0 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.4 | 10.4 | 17.6 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $59B | 22.8 | 13.1 | 23.1 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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BORR — Frequently Asked Questions
Quick answers to the most common questions about buying BORR stock.
What is Borr Drilling Limited's P/E ratio?
Borr Drilling Limited's current P/E ratio is 25.5x. The historical average is 39.5x. This places it at the 67th percentile of its historical range.
What is Borr Drilling Limited's EV/EBITDA?
Borr Drilling Limited's current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.6x.
What is Borr Drilling Limited's ROE?
Borr Drilling Limited's return on equity (ROE) is 4.1%. The historical average is -11.0%.
Is BORR stock overvalued?
Based on historical data, Borr Drilling Limited is trading at a P/E of 25.5x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Borr Drilling Limited's dividend yield?
Borr Drilling Limited's current dividend yield is 0.41% with a payout ratio of 10.4%.
What are Borr Drilling Limited's profit margins?
Borr Drilling Limited has 36.5% gross margin and 31.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Borr Drilling Limited have?
Borr Drilling Limited's Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.