Borr Drilling (BORR) EBIT (2018 - 2026)
Borr Drilling (BORR) posted quarterly EBIT of -$81.1 million for Q1 2026, down 29.97% year-over-year from -$115.8 million in Q1 2025, and down 78.24% quarter-over-quarter from -$45.5 million in Q4 2025.
Borr Drilling (BORR) EBIT (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported EBIT for 9 consecutive years, with -$81.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBIT fell 29.97% year-over-year to -$81.1 million; the TTM figure through Mar 2026 stood at -$47.4 million (down 532.0% YoY), while the FY2025 annual figure was $322.1 million, down 13.92% from the prior year.
- EBIT declined to -$81.1 million in Q1 2026 per BORR's latest filing, from -$45.5 million in the prior quarter.
- Across five years, EBIT topped out at $104.5 million in Q2 2024 and bottomed at -$123.0 million in Q2 2022.
- Historically, EBIT has averaged $4.5 million across 5 years, with a median of -$12.3 million in 2022.
- Annual changes were most pronounced in 2022 — EBIT sank 373.08% — and 2023, when it jumped 1535.9%.
- Borr Drilling's EBIT stood at $29.5 million in 2022, then surged by 173.56% to $80.7 million in 2023, then slumped by 126.39% to -$21.3 million in 2024, then sank by 113.62% to -$45.5 million in 2025, then plunged by 78.24% to -$81.1 million in 2026.
- Business Quant data shows BORR's EBIT at -$81.1 million in Q1 2026, -$45.5 million in Q4 2025, and -$17.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 30.48 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 152.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -6.96 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 188.21 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 72.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 300,000.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -492.67 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 70.16 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 51.10 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -66.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 300,000.00 |
| Mar 31, 2026 | -81.10 Mn |
| Dec 31, 2025 | -45.50 Mn |
| Sep 30, 2025 | -17.30 Mn |
| Jun 30, 2025 | 96.50 Mn |
| Mar 31, 2025 | -62.40 Mn |
| Dec 31, 2024 | -21.30 Mn |
| Sep 30, 2024 | -28.30 Mn |
| Jun 30, 2024 | 104.50 Mn |
| Mar 31, 2024 | -16.40 Mn |
| Dec 31, 2023 | 80.70 Mn |
| Sep 30, 2023 | 63.80 Mn |
| Jun 30, 2023 | 59.90 Mn |
| Mar 31, 2023 | 46.00 Mn |
| Dec 31, 2022 | 29.50 Mn |
| Sep 30, 2022 | 3.90 Mn |
| Jun 30, 2022 | -123.00 Mn |
| Mar 31, 2022 | -12.30 Mn |
| Dec 31, 2021 | -13.00 Mn |
| Sep 30, 2021 | -8.70 Mn |