Borr Drilling Limited (BORR) Key Metrics
BORR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.40B
- Enterprise value
- $3.61B
- P/E (TTM)
- — 10-yr median 23.7
- Forward P/E
- 28.2
- PEG ratio
- —
- Price / sales
- 1.4 10-yr median 1.1
- Price / book
- 1.4 10-yr median 0.9
- EV / EBITDA
- 19.1 10-yr median 8.3
- Dividend yield
- —
- Beta
- 1.07
BORR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBORR valuation Price multiples at each fiscal year-end price.
BORR returns How much profit the business earns on the capital it uses.
BORR per-share figures Results divided by the shares outstanding at year-end.
BORR financial health Debt, liquidity and how easily interest is covered.
BORR efficiency & capital use Working capital cycle and where the cash goes.
BORR valuation history
BORR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BORR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BORR cash returned to shareholders
BORR price vs earnings per share
BORR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.07B | $992.4M | $1.80B | $872.2M | $273.0M | $120.4M | — | — | — | — |
| Enterprise value | $2.84B | $3.04B | $3.40B | $2.36B | $2.15B | $2.01B | — | — | — | — |
| P/E ratio | 23.7 | 12.1 | 81.3 | — | — | — | — | — | — | — |
| Price / sales | 1.0 | 1.0 | 2.3 | 2.0 | 1.1 | 0.4 | — | — | — | — |
| Price / book | 0.9 | 1.0 | 1.8 | 1.0 | 0.3 | 0.1 | — | — | — | — |
| Price / free cash flow | 8.4 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 4.2 | 12.8 | — | 14.0 | — | — | — | — | — | — |
| EV / sales | 2.8 | 3.0 | 4.4 | 5.3 | 8.8 | 6.5 | — | — | — | — |
| EV / EBITDA | 6.1 | 6.4 | 10.2 | — | 73.8 | — | — | — | — | — |
| EV / free cash flow | 22.3 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 4.2% | 8.3% | 1.2% | −33.6% | −70.7% | −263.7% | — | — | — | — |
| Free cash flow yield | 11.9% | −33.5% | −9.2% | −2.4% | −28.5% | −80.6% | — | — | — | — |
| Dividend yield | 0.4% | 7.7% | 0.0% | 0.0% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.5% | 9.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Share price at fiscal year-end | $4.03 | $3.90 | $7.24 | $4.89 | $2.03 | $1.60 | $17.81 | $4.82 | — | — |
| Per share | ||||||||||
| Revenue per share | $3.86 | $3.97 | $3.11 | $2.49 | $1.82 | $4.09 | — | — | — | $0.00 |
| Earnings per share | $0.17 | $0.32 | $0.09 | −$1.64 | −$1.43 | −$4.22 | — | — | — | −$0.01 |
| Operating cash flow per share | $0.95 | $0.30 | −$0.20 | $0.35 | −$0.44 | −$0.73 | — | — | — | −$0.00 |
| Free cash flow per share | $0.48 | −$1.31 | −$0.66 | −$0.12 | −$0.58 | −$1.29 | — | — | — | −$0.00 |
| Cash per share | $1.44 | $0.24 | $0.41 | $0.61 | $0.26 | $0.26 | — | — | — | $1.37 |
| Book value per share | $4.62 | $3.90 | $3.97 | $5.03 | $6.61 | $13.79 | — | — | — | $1.56 |
| Tangible book value per share | $4.62 | $3.90 | $2.93 | $5.03 | $6.61 | −$0.16 | — | — | — | $1.56 |
| Dividends per share | $0.02 | $0.30 | $0.00 | $0.00 | — | — | — | — | — | $0.00 |
| Capex per share | $0.47 | $1.61 | $0.46 | $0.47 | $0.14 | $0.56 | — | — | — | $0.00 |
| Debt per share | $8.13 | $8.30 | $6.86 | $8.95 | $14.23 | $25.40 | — | — | — | $0.00 |
| Shares outstanding | 264.5M | 254.5M | 248.2M | 178.4M | 134.7M | 75.2M | — | — | — | 101.0M |
| Change in shares outstanding | +4.0% | +2.5% | +39.1% | +32.4% | +79.2% | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.1% | 8.3% | 2.3% | −32.8% | −20.0% | −27.3% | −21.1% | −12.6% | −10.7% | −0.5% |
| Return on invested capital (ROIC) | 5.6% | 7.8% | 5.0% | −3.1% | −2.4% | −5.1% | −4.2% | −5.0% | −12.1% | −3.0% |
| Return on assets (ROA) | 1.3% | 2.5% | 0.7% | −9.6% | −6.2% | −9.8% | −9.6% | −8.3% | −9.6% | −0.5% |
| Return on tangible assets | 1.2% | 2.4% | 0.8% | −9.8% | −6.3% | −15.0% | −9.1% | −6.5% | −5.3% | −0.5% |
| Free cash flow margin | 12.5% | −32.9% | −21.3% | −4.7% | −31.7% | −31.6% | −107.9% | −320.7% | — | — |
| Income quality (OCF / net income) | 5.60 | 0.94 | −2.29 | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.15B | $2.11B | $1.70B | $1.60B | $1.92B | $1.91B | $1.71B | $1.25B | $87.0M | $0 |
| Cash & short-term investments | $380.7M | $61.6M | $102.5M | $108.0M | $34.9M | $19.2M | $128.5M | $32.1M | $168.4M | $138.1M |
| Net debt | $1.77B | $2.05B | $1.60B | $1.49B | $1.88B | $1.89B | $1.58B | $1.21B | −$81.4M | −$138.1M |
| Debt / equity | 1.76 | 2.13 | 1.73 | 1.78 | 2.15 | 1.84 | 1.32 | 0.81 | 0.06 | 0.00 |
| Debt / assets | 0.59 | 0.62 | 0.55 | 0.53 | 0.62 | 0.60 | 0.52 | 0.43 | 0.05 | 0.00 |
| Net debt / EBITDA | 3.83 | 4.33 | 4.82 | — | 64.44 | — | — | — | — | −118.35 |
| Current ratio | 2.11 | 1.26 | 1.14 | 0.47 | 1.49 | 1.39 | 1.03 | 1.75 | 10.69 | 566.06 |
| Quick ratio | 2.10 | 1.26 | 1.25 | 0.40 | 1.26 | 1.20 | 0.62 | 1.05 | 10.69 | 566.06 |
| Interest coverage | 1.4 | 1.7 | 1.4 | -0.7 | -1.0 | -1.9 | -1.8 | -7.6 | -219.4 | — |
| Working capital | $388.4M | $107.0M | $49.5M | −$395.7M | $58.3M | $37.6M | $6.5M | $89.3M | $204.4M | $137.9M |
| Invested capital | $2.99B | $3.04B | $2.58B | $2.39B | $2.77B | $2.93B | $2.88B | $2.75B | $1.41B | $19.7M |
| Tangible asset value | $1.22B | $993.3M | $728.1M | $897.8M | $889.9M | −$12.3M | $1.29B | $1.53B | $1.49B | $157.8M |
| Net current asset value | −$1.66B | −$1.91B | −$1.69B | −$1.75B | −$2.01B | −$2.00B | −$1.73B | −$1.17B | $46.1M | $137.9M |
| Graham number | $4.21 | $5.32 | $2.82 | — | — | — | — | — | — | — |
| Graham net-net per share | −$6.71 | −$8.10 | −$7.34 | −$10.24 | −$15.27 | −$27.03 | — | — | — | $1.37 |
| Capital allocation | ||||||||||
| Dividends paid | $4.7M | $76.3M | $2,479 | $0 | — | — | — | $502.1M | $0 | $0 |
| Share buybacks (net) | $200,000 | $19.9M | $800,000 | $0 | $0 | $0 | $0 | $19.7M | $8.4M | $0 |
| Dividend payout ratio | 10.4% | 92.9% | 0.0% | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 3.8% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 12.2% | 40.5% | 14.8% | 18.8% | 7.7% | 13.8% | 81.3% | 238.7% | 1,057,300.0% | — |
| Capex / operating cash flow | 49.4% | 529.6% | — | 133.3% | — | — | — | — | — | — |
| Capex / depreciation | 0.84 | 3.12 | 0.97 | 0.72 | 0.16 | 0.36 | 2.68 | 4.95 | 49.87 | 0.00 |
| Stock-based compensation / revenue | 1.1% | 0.9% | 0.7% | 0.6% | 0.4% | 0.2% | 1.2% | 2.2% | 8,200.0% | — |
| SG&A / revenue | 4.9% | 4.9% | 6.1% | 8.3% | 14.1% | 16.0% | 15.1% | 23.5% | 21,000.0% | — |
| Efficiency | ||||||||||
| Days sales outstanding | 130.7 | 119.2 | 105.7 | 125.0 | 157.8 | 124.3 | 108.4 | 103.0 | 18,615.0 | — |
| Days of inventory on hand | 1.3 | -52.9 | 15.5 | 121.6 | 69.0 | 186.2 | 278.6 | 146.8 | — | — |
| Days payables outstanding | 32.5 | 162.9 | 129.3 | 129.1 | 84.1 | 53.4 | 35.6 | 33.8 | 36.7 | — |
| Cash conversion cycle (days) | 99.5 | -96.5 | -8.1 | 117.5 | 142.7 | 257.1 | 351.4 | 216.0 | 18,578.3 | — |
| Receivables turnover | 2.79 | 3.06 | 3.45 | 2.92 | 2.31 | 2.94 | 3.37 | 3.54 | 0.02 | — |
| Payables turnover | 11.24 | 2.24 | 2.82 | 2.83 | 4.34 | 6.83 | 10.26 | 10.80 | 9.94 | 0.00 |
| Inventory turnover | 282.00 | — | — | 3.00 | 5.29 | 1.96 | 1.31 | 2.49 | — | — |
| Asset turnover | 0.29 | 0.31 | 0.25 | 0.15 | 0.08 | 0.10 | 0.11 | 0.07 | 0.00 | 0.00 |
| Average receivables | $365.6M | $330.1M | $223.4M | $152.0M | $106.0M | $104.8M | $99.2M | $46.5M | $5.1M | — |
| Average payables | $57.7M | $58.5M | $41.6M | $41.2M | $27.6M | $17.2M | $11.8M | $9.6M | $4.8M | $40,000 |
| Average inventory | $2.3M | −$19.0M | $5.0M | $38.8M | $22.6M | $60.1M | $92.8M | $41.7M | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 8.3% | 0.0% | 0.0% | 33.1% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BORR's annual financial statements (latest annual report filed March 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BORR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Borr Drilling traded at 23.7 times earnings, against a 10-year median of 23.7. Borr Drilling earned a return on equity of 4.1% and a return on invested capital of 5.6% in fiscal 2025. It ended the year with $2.2 billion of debt and $380.7 million in cash and short-term investments, net debt of $1.8 billion. It returned $4.9 million to shareholders: $4.7 million in dividends and $0.2 million in share buybacks, 4% of free cash flow. The share count rose 161.9% from 101.0M to 264.5M over 9 years.
See the BORR income statement, the BORR chart for price history, or the BORR stock overview for the latest quote and news.
BORR key metrics FAQ
What is Borr Drilling's P/E ratio?
Borr Drilling traded at 23.7 times earnings at the end of fiscal 2025.
What is Borr Drilling's EV/EBITDA?
Borr Drilling's enterprise value was 6.1 times EBITDA at the end of fiscal 2025 (enterprise value $2.8 billion, EBITDA $462.3 million); the current EV/EBITDA is 19.1.
What is Borr Drilling's return on equity?
Borr Drilling's return on equity (ROE) was 4.1% in fiscal 2025: net income of $45.0 million on average shareholders' equity of $1.1 billion.
What is Borr Drilling's ROIC?
Borr Drilling's return on invested capital was 5.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Borr Drilling have?
Borr Drilling had total debt of $2.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.76 and $1.8 billion of net debt (3.83 times EBITDA).
What is Borr Drilling's dividend yield?
Borr Drilling paid $4.7 million in dividends in fiscal 2025 ($0.02 per share), a payout ratio of 10.4%.
Does Borr Drilling buy back its shares?
Yes. Borr Drilling spent $0.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.0% over the year, to 264.5M..
What is Borr Drilling's free cash flow yield?
Borr Drilling generated $127.4 million of free cash flow in fiscal 2025, a free cash flow yield of 11.9% on its market value at year-end ($1.1 billion).
What is Borr Drilling's current ratio?
Borr Drilling's current ratio was 2.11 at the end of fiscal 2025: current assets were 2.11 times current liabilities.