Borr Drilling (BORR) Asset Utilization Ratio (2019 - 2026)
Borr Drilling (BORR) posted quarterly 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 reported Asset Utilization Ratio for 8 consecutive years, with 0.28 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 2.81% year-over-year to 0.28; the TTM figure through Mar 2026 stood at 0.28 (down 2.81% YoY), while the FY2025 annual figure was 0.29, down 6.81% from the prior year.
- Asset Utilization Ratio declined to 0.28 in Q1 2026 per BORR's latest filing, from 0.29 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.3 in Q4 2024 and bottomed at 0.09 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.23 across 5 years, with a median of 0.26 in 2024.
- Annual changes were most pronounced in 2023 — Asset Utilization Ratio surged 99.32% — and 2025, when it declined 4.43%.
- Borr Drilling's Asset Utilization Ratio stood at 0.14 in 2022, then surged by 78.3% to 0.25 in 2023, then grew by 18.61% to 0.3 in 2024, then dropped by 4.43% to 0.29 in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.48 Bn | 7.02 Bn | 273.38 Mn | 0.42 |
| 2 | Transocean | 6.66 Bn | 5.86 Bn | 358.00 Mn | 0.27 |
| 3 | Patterson Uti Energy | 4.67 Bn | 4.47 Bn | 597.25 Mn | 0.87 |
| 4 | Helmerich & Payne | 4.36 Bn | 4.13 Bn | 349.94 Mn | 0.63 |
| 5 | Seadrill | 2.94 Bn | 2.58 Bn | 234.00 Mn | 0.38 |
| 6 | Borr Drilling | 1.39 Bn | 1.16 Bn | - | 0.27 |
| 7 | Nabors Industries | 1.30 Bn | 791.58 Mn | 309.38 Mn | 0.73 |
| 8 | Precision Drilling | 1.18 Bn | 1.13 Bn | 89.29 Mn | 0.70 |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 0.40 |
| 10 | Sable Offshore | 758.91 Mn | 737.31 Mn | - | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.27 |
| 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 |