Borr Drilling vs Seadrill
Seadrill is the larger business, with $1.44bn of revenue in fiscal 2025 against $1.02bn for Borr Drilling (1.4 times as much). Seadrill grew faster (3.8% against 1.0%). Borr Drilling kept more of each dollar of sales as profit: a net margin of 4.4% against -5.4%.
| Latest fiscal year | Borr DrillingBORR, 2025 | SeadrillSDRL, 2025 |
|---|---|---|
| Revenue | $1.02bn | $1.44bn |
| Revenue growth | 1.0% | 3.8% |
| Net income | $45.0m | −$77.0m |
| Operating margin | 31.6% | — |
| Net margin | 4.4% | -5.4% |
| Return on equity | 4.1% | -2.7% |
| Free cash flow | $164m | −$28.0m |
| Cash | $380m | $339m |
| Total debt | $2.15bn | $625m |
| Debt to equity | 175.9% | — |
| Dividend per share | — | — |
| Dividend yield | 0.4% | — |
| Share buybacks | $200,000 | $0 |
| Employees | — | 3,000 |
| Market value | $1.07bn | $3.04bn |
| Price vs our value range | Below our value range | — |
| Moat score | — | — |
| Insider trades, 12 months | 21 buys, 7 sales | 0 buys, 6 sales |