Borr Drilling vs Noble Corp
Noble Corp is the larger business, with $3.29bn of revenue in fiscal 2025 against $1.02bn for Borr Drilling (3.2 times as much). Noble Corp grew faster (7.4% against 1.0%). Noble Corp kept more of each dollar of sales as profit: a net margin of 6.6% against 4.4%. Noble Corp carries less debt relative to equity (43.4% against 175.9%).
| Latest fiscal year | Borr DrillingBORR, 2025 | Noble CorpNE, 2025 |
|---|---|---|
| Revenue | $1.02bn | $3.29bn |
| Revenue growth | 1.0% | 7.4% |
| Net income | $45.0m | $217m |
| Operating margin | 31.6% | 12.6% |
| Net margin | 4.4% | 6.6% |
| Return on equity | 4.1% | 4.7% |
| Free cash flow | $164m | $432m |
| Cash | $380m | $471m |
| Total debt | $2.15bn | $1.98bn |
| Debt to equity | 175.9% | 43.4% |
| Dividend per share | — | $2.00 |
| Dividend yield | 0.4% | 4.5% |
| Share buybacks | $200,000 | $20.0m |
| Employees | — | — |
| Market value | $1.07bn | $7.08bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | — | 56 (Moderate) |
| Insider trades, 12 months | 21 buys, 7 sales | 0 buys, 22 sales |