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
DateValue
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