Borr Drilling (BORR) Asset Utilization Ratio (2019 - 2026)
Borr Drilling (BORR) reported Asset Utilization Ratio of 0.28 for Q1 2026, down 2.81% year-over-year from 0.29 in Q1 2025, and down 0.92% quarter-over-quarter from 0.29 in Q4 2025.
Borr Drilling (BORR) Asset Utilization Ratio (2019 - 2026) Analysis & Trends
Borr Drilling (BORR) has 8 years of Asset Utilization Ratio data on file, last reported at 0.28 in Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 0.28, down 2.81% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.28 (down 2.81% YoY), and the FY2025 annual result was 0.29, down 6.81% from the prior year.
- Asset Utilization Ratio retreated to 0.28 in Q1 2026 per BORR's latest filing, from 0.29 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.3 in Q4 2024 and troughed at 0.09 in Q1 2022.
- A 5-year average of 0.23 and a median of 0.26 in 2024 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2023 and 2025: Asset Utilization Ratio surged 99.32% in 2023, then declined 4.43% in 2025.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.14 in 2022, then jumped by 78.3% to 0.25 in 2023, then climbed by 18.61% to 0.3 in 2024, then slipped by 4.43% to 0.29 in 2025, then slipped by 0.92% to 0.28 in 2026.
- Business Quant data shows BORR's Asset Utilization Ratio at 0.28 in Q1 2026, 0.29 in Q4 2025, and 0.3 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 0.69 |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 0.43 |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 0.27 |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | 0.85 |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 0.62 |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 0.41 |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | 0.00 |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | 0.70 |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 0.28 |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.28 |
| Dec 31, 2025 | 0.29 |
| Sep 30, 2025 | 0.30 |
| Jun 30, 2025 | 0.29 |
| Mar 31, 2025 | 0.29 |
| Dec 31, 2024 | 0.30 |
| Sep 30, 2024 | 0.30 |
| Jun 30, 2024 | 0.28 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.23 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.17 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.12 |
| Jun 30, 2022 | 0.11 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.08 |
| Sep 30, 2021 | 0.08 |
| Jun 30, 2021 | 0.07 |