Borr Drilling Limited
BORRFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,011
Cost of Revenue
131
Gross Profit
879
Gross Margin
87.0%
Operating Income
374
Operating Margin
37.0%
Net Income
82
Net Margin
8.1%
EPS (Basic)
$0.33
EPS (Diluted)
$0.32
EBITDA
473
EBITDA Margin
46.8%
2023
12/31/2023
Revenue
772
Cost of Revenue
117
Gross Profit
654
Gross Margin
84.8%
Operating Income
250
Operating Margin
32.5%
Net Income
22
Net Margin
2.9%
EPS (Basic)
$0.09
EPS (Diluted)
$0.09
EBITDA
332
EBITDA Margin
43.0%
2022
12/31/2022
Revenue
444
Cost of Revenue
117
Gross Profit
327
Gross Margin
73.7%
Operating Income
-102
Operating Margin
-23.0%
Net Income
-293
Net Margin
-66.0%
EPS (Basic)
$-1.64
EPS (Diluted)
$-1.64
EBITDA
-33
EBITDA Margin
-7.3%
2021
12/31/2021
Revenue
245
Cost of Revenue
120
Gross Profit
126
Gross Margin
51.2%
Operating Income
-88
Operating Margin
-36.0%
Net Income
-193
Net Margin
-78.7%
EPS (Basic)
$-1.43
EPS (Diluted)
$-1.43
EBITDA
29
EBITDA Margin
11.9%
2020
12/31/2020
Revenue
308
Cost of Revenue
118
Gross Profit
190
Gross Margin
61.7%
Operating Income
-188
Operating Margin
-61.1%
Net Income
-318
Net Margin
-103.3%
EPS (Basic)
$-4.06
EPS (Diluted)
$-4.06
EBITDA
-96
EBITDA Margin
-31.3%