Borr Drilling Past Earnings Performance
Past criteria checks 3/6
Borr Drilling has been growing earnings at an average annual rate of 15.6%, while the Energy Services industry saw earnings growing at 34.6% annually. Revenues have been growing at an average rate of 21.6% per year. Borr Drilling's return on equity is 2.2%, and it has net margins of 2.9%.
Key information
15.6%
Earnings growth rate
39.4%
EPS growth rate
| Energy Services Industry Growth | 23.7% |
| Revenue growth rate | 21.6% |
| Return on equity | 2.2% |
| Net Margin | 2.9% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Borr Drilling: Downgrading On Potential Saudi Aramco Jackup Market Impact
Mar 30Borr Drilling: Fundamentals Remain Strong
Mar 15Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out
Feb 08Borr Drilling: Still Undervalued, But The Easy Money Has Already Been Made
Jan 05Borr Drilling: Jackup Market Expected To Remain Strong - Buy
Dec 16Borr Drilling: The Rating Agencies Are Turning Positive Too
Nov 15Borr Drilling - Refinancing Terms Disappoint But Weakness Seems Overdone
Nov 07Borr Drilling: The Jack-Ups Orderbook Is At 20-Year Lows
Sep 11Borr Drilling: Q2 Results And Outlook Disappoint - Buy On Weakness
Aug 18Borr Drilling: Accelerated Refinancing Could Provide A Near-Term Catalyst - Buy
Jun 05Borr Drilling: Impressive Results And Outlook - Buy
Jan 25Borr Drilling rises after bagging contracts for jack-up drilling rigs
Dec 30Borr Drilling GAAP EPS of -$0.30, revenue of $107.9M; updated FY22 guidance
Nov 17Borr Drilling: Strong Progress Expected In 2023 And 2024
Oct 14Borr Drilling GAAP EPS of -$1.09, revenue of $105.3M
Aug 09Borr Drilling: Debt Refinancing Woes Likely To Result In Substantial Dilution For Equityholders
Jul 14Borr Drilling: Modern Jackup Demand Projected To Outstrip Supply Soon - Buy
Jun 01Borr Drilling - Recent Outperformance Unlikely To Persist
Apr 06Borr Drilling: A Look At Q4 2021 Results
Feb 17Borr's Outlook Gets More Constructive After Debt Deal
Dec 28Borr Drilling: A Look At Q2 2021 Results
Sep 02Borr Drilling: Dilution Remains A Problem
Jul 13Borr Drilling: Stock Remains In Hibernation Mode
Jun 15Revenue & Expenses BreakdownBeta
How Borr Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 772 | 22 | 56 | 0 |
| 30 Sep 23 | 700 | -28 | 52 | 0 |
| 30 Jun 23 | 616 | -83 | 47 | 0 |
| 31 Mar 23 | 534 | -249 | 46 | 0 |
| 31 Dec 22 | 444 | -293 | 43 | 0 |
| 30 Sep 22 | 364 | -318 | 36 | 0 |
| 30 Jun 22 | 329 | -295 | 37 | 0 |
| 31 Mar 22 | 279 | -190 | 35 | 0 |
| 31 Dec 21 | 245 | -193 | 35 | 0 |
| 30 Sep 21 | 236 | -206 | 40 | 0 |
| 30 Jun 21 | 223 | -235 | 43 | 0 |
| 31 Mar 21 | 252 | -285 | 55 | 0 |
| 31 Dec 20 | 308 | -318 | 49 | 0 |
| 30 Sep 20 | 340 | -319 | 56 | 0 |
| 30 Jun 20 | 384 | -336 | 56 | 0 |
| 31 Mar 20 | 386 | -330 | 50 | 0 |
| 31 Dec 19 | 334 | -298 | 50 | 0 |
| 30 Sep 19 | 295 | -348 | 50 | 0 |
| 30 Jun 19 | 242 | -308 | 45 | 0 |
| 31 Mar 19 | 206 | -212 | 39 | 0 |
| 31 Dec 18 | 165 | -190 | 39 | 0 |
| 30 Sep 18 | 112 | -142 | 26 | 0 |
| 30 Jun 18 | 62 | -112 | 28 | 0 |
| 31 Mar 18 | 11 | -117 | 26 | 0 |
| 31 Dec 17 | 0 | -88 | 18 | 0 |
Quality Earnings: BORR has high quality earnings.
Growing Profit Margin: BORR became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BORR has become profitable over the past 5 years, growing earnings by 15.6% per year.
Accelerating Growth: BORR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BORR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (57.9%).
Return on Equity
High ROE: BORR's Return on Equity (2.2%) is considered low.