Borr Drilling vs Precision Drilling
Precision Drilling is the larger business, with $1.32bn of revenue in fiscal 2025 against $1.02bn for Borr Drilling (1.3 times as much). Borr Drilling grew faster (1.0% against -5.0%). Borr Drilling kept more of each dollar of sales as profit: a net margin of 4.4% against 0.1%. Precision Drilling carries less debt relative to equity (43.4% against 175.9%).
| Latest fiscal year | Borr DrillingBORR, 2025 | Precision DrillingPDS, 2025 |
|---|---|---|
| Revenue | $1.02bn | $1.32bn |
| Revenue growth | 1.0% | -5.0% |
| Net income | $45.0m | $1.3m |
| Operating margin | 31.6% | — |
| Net margin | 4.4% | 0.1% |
| Return on equity | 4.1% | 0.1% |
| Free cash flow | $164m | $107m |
| Cash | $380m | $62.6m |
| Total debt | $2.15bn | $501m |
| Debt to equity | 175.9% | 43.4% |
| Dividend per share | — | — |
| Dividend yield | 0.4% | — |
| Share buybacks | $200,000 | — |
| Employees | — | — |
| Market value | $1.07bn | $1.24bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 21 buys, 7 sales | 0 buys, 0 sales |