Company Analysis

Borr Drilling Limited (BORR)

NYSE: BORR · Drilling Oil & Gas Wells · Hamilton, BM · filing with the SEC since 2017
Grade5.1
◀ Past 6.3● Present 4.8▶ Future 4.3
1 est.

The grade of Borr Drilling Limited

Nine metrics read from its own filings, by tense
Headline grade
5.1/10
◀ Past6.330% of the headline
● Present4.840% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.4/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2020-06-16.

weight 33% of this tense · 54th percentile among 12 sector filers · read for itself

From the record

Borr Drilling Limited's filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2020-06-16) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+217% a year over 9 filed years; profitable in 3 of 9.

weight 45% of this tense · 73rd percentile among 11 sector filers · read for its customers

From the record

Borr Drilling Limited's 9 filed years say what it did: revenue went from $100 thousand in fiscal 2017 to $1.0 billion in fiscal 2025, up 217% a year; it rose in 6 of 8 years; the deepest fall was 27% from fiscal 2019 to fiscal 2021; net income was positive in 3 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span217.0%top 5% of its family
  • the share of years revenue rosetop 23% of its family
  • the share of filed years with a profitbottom 41% of its family
  • the deepest fall from a revenue peak26.6%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.5/10

How has it treated the people who own it?

Share count grew 14.0% a year. 37% of cash flow returned. Insiders: 7 sales, 21 purchases.

weight 22% of this tense · 55th percentile among 11 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Borr Drilling Limited's diluted share count grew about 14.0% a year, and dividends and buybacks returned about 37% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 21 purchases of their own stock on the open market in the year to 2026-10-16, buying about $73 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 32% of its family
  • cash returned against operating cash flowtop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE 4%: 4¢ of profit per shareholder dollar. Leverage 66%: owes 66¢ per asset dollar.

weight 33% of this tense · 35th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Borr Drilling Limited earned about 4 cents of profit for every dollar of shareholders' money. Leverage: it owed about 66 cents per dollar of assets, and net share issuance: its share count grew 4.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 14% of its family
  • return on equitytop 32% of its family
  • the share count against the year beforebottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.7/10

How strong is its position in its industry?

top 43% of 11 in its family; net margin 4.4%.

weight 45% of this tense · 57th percentile among 11 sector filers · read for its customers

From the record

Borr Drilling Limited's standing among 11 graded names in its industry family: revenue of $1.0 billion in fiscal 2025 ranks in the bottom 17% by size; a net margin of 4.4% ranks in the top 32%; revenue growth of 32% a year over the last 3 filed years ranks in the top 14% (its annual reports).

What it rests on

  • revenue against the family$1.02Bbottom 17% of its family
  • net margin4.4%top 32% of its family
  • three-year revenue growth32.0%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Borr Drilling Limited's leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-17 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.6/10

How much room does it have to grow?

bottom 36% of 11 in its family for room to expand.

weight 22% of this tense · 36th percentile among 11 sector filers · read for itself

From the record

Borr Drilling Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $381 million against debt of $2.0 billion leaves -45.2% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is 24.7% of revenue (top 32%) (its annual report).

What it rests on

  • cash less debt against assets-45.2%bottom 5% of its family
  • cash from operations less capital spending against revenue24.7%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.7/10

What could actually drive growth from here?

bottom 27% of 11 in its family for growth drivers.

weight 45% of this tense · 27th percentile among 11 sector filers · read for its customers

From the record

Borr Drilling Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 32% a year over the last three filed years against 217% over all 9, slowing (bottom 5% of its family); the newest year grew 1% (top 50%) (its annual reports). Borr Drilling Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-185.0 points a yearbottom 5% of its family
  • the newest year's revenue growth1.0%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 11 in its family for expectations against reality.

weight 33% of this tense · 68th percentile among 11 sector filers · read for its shareholders

From the record

Borr Drilling Limited's newest year against its own record: revenue of $1.0 billion in fiscal 2025 came in 33% below the $1.5 billion its prior three years' pace pointed to (bottom 23% of its family); net income of $45 million against a prior three-year average of $63 million (top 14%); a net margin of 4.4% against -18.3% before (top 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-33.0%bottom 23% of its family
  • net income against the prior three years' average+172%top 14% of its family
  • net margin against its prior average+22.7 pointstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BORR · research, not advice