Borr Drilling (BORR) Operating Margin (2018 - 2026)
Borr Drilling (BORR) reported Operating Margin of 18.62% for Q1 2026, down 917.0% year-over-year from 2.28% in Q1 2025, and down 28.32% quarter-over-quarter from 25.98% in Q4 2025.
Borr Drilling (BORR) Operating Margin (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has 9 years of Operating Margin data on file, last reported at 18.62% in Q1 2026.
- Operating Margin for Q1 2026 came in at 18.62%, down 917.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 29.29% (down 589.0% YoY), and the FY2025 annual result was 31.55%, down 547.0% from the prior year.
- Operating Margin slipped to 18.62% in Q1 2026 per BORR's latest filing, from 25.98% in the prior quarter.
- Over five years, Operating Margin peaked at 38.43% in Q2 2024 and troughed at 116.81% in Q2 2022.
- A 5-year average of 18.34% and a median of 31.95% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 6936 bps in 2022, then surged 14876 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 19.85% in 2022, then surged by 84 bps to 36.58% in 2023, then advanced by 5 bps to 38.39% in 2024, then tumbled by 32 bps to 25.98% in 2025, then retreated by 28 bps to 18.62% in 2026.
- Business Quant data shows BORR's Operating Margin at 18.62% in Q1 2026, 25.98% in Q4 2025, and 35.37% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 23.56% |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 28.68% |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 26.55% |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -1.28% |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -3.96% |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 6.70% |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -9,343.35% |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | -60.65% |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 18.62% |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 4.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.62% |
| Dec 31, 2025 | 25.98% |
| Sep 30, 2025 | 35.37% |
| Jun 30, 2025 | 36.05% |
| Mar 31, 2025 | 27.79% |
| Dec 31, 2024 | 38.39% |
| Sep 30, 2024 | 34.64% |
| Jun 30, 2024 | 38.43% |
| Mar 31, 2024 | 36.32% |
| Dec 31, 2023 | 36.58% |
| Sep 30, 2023 | 33.32% |
| Jun 30, 2023 | 31.95% |
| Mar 31, 2023 | 26.74% |
| Dec 31, 2022 | 19.85% |
| Sep 30, 2022 | 3.61% |
| Jun 30, 2022 | -116.81% |
| Mar 31, 2022 | -15.00% |
| Dec 31, 2021 | -18.81% |
| Sep 30, 2021 | -11.92% |
| Jun 30, 2021 | -47.45% |