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Borr Drilling (BORR) Revenue & Revenue Breakdown

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Borr Drilling Revenue Highlights

Latest Revenue (Y)

$800.73M

Latest Revenue (Q)

$227.49M

Main Segment (Y)

Dayrate Revenue

Main Geography (Y)

South East Asia

Borr Drilling Revenue by Period

Borr Drilling Revenue by Year

DateRevenueChange
2023-12-31$800.73M80.43%
2022-12-31$443.80M80.92%
2021-12-31$245.30M-20.23%
2020-12-31$307.50M-7.96%
2019-12-31$334.10M102.61%
2018-12-31$164.90M164800.00%
2017-12-31$100.00K-

Borr Drilling generated $800.73M in revenue during NA 2023, up 80.43% compared to the previous quarter, and up 485.59% compared to the same period a year ago.

Borr Drilling Revenue by Quarter

DateRevenueChange
2024-03-31$227.49M-3.06%
2023-12-31$234.67M22.54%
2023-09-30$191.50M2.13%
2023-06-30$187.50M9.01%
2023-03-31$172.00M15.75%
2022-12-31$148.60M37.72%
2022-09-30$107.90M2.47%
2022-06-30$105.30M28.41%
2022-03-31$82.00M18.67%
2021-12-31$69.10M-5.34%
2021-09-30$73.00M33.21%
2021-06-30$54.80M13.22%
2021-03-31$48.40M-19.60%
2020-12-31$60.20M1.69%
2020-09-30$59.20M-29.52%
2020-06-30$84.00M-19.31%
2020-03-31$104.10M12.06%
2019-12-31$92.90M-9.54%
2019-09-30$102.70M18.59%
2019-06-30$86.60M66.86%
2019-03-31$51.90M-2.99%
2018-12-31$53.50M7.65%
2018-09-30$49.70M-2.74%
2018-06-30$51.10M382.08%
2018-03-31$10.60M-70.06%
2017-12-31$35.40M342.50%
2017-09-30$8.00M100.00%
2017-06-30--100.00%
2017-03-31$950.00K-

Borr Drilling generated $227.49M in revenue during Q1 2024, up -3.06% compared to the previous quarter, and up 153.09% compared to the same period a year ago.

Borr Drilling Revenue Breakdown

Borr Drilling Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Dayrate Revenue$83.50M$167.50M$392.40M$209.90M
Other Revenue$9.90M$15.50M$19.40M-

Borr Drilling's latest annual revenue breakdown by segment (product or service), as of Dec 23: Dayrate Revenue (89.40%), and Other Revenue (10.60%).

Quarterly Revenue by Product

Product/ServiceDec 21Jun 21
Dayrate Segment$317.60M$5.40M
Integrated Well Services Segment--

Borr Drilling's latest quarterly revenue breakdown by segment (product or service), as of Dec 21: Dayrate Segment (100.00%).

Borr Drilling Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
West Africa$168.60M$106.90M$30.70M$108.10M$102.40M
Europe$31.00M$48.80M$75.60M$52.60M$114.70M
South East Asia$233.00M$154.50M$99.50M$70.60M$23.80M
MEXICO$191.20M$95.90M$39.50M$43.20M-
Middle East$147.80M$37.70M-$33.00M$43.20M
Mexico----$50.00M

Borr Drilling's latest annual revenue breakdown by geography, as of Dec 23: South East Asia (30.20%), MEXICO (24.78%), West Africa (21.85%), Middle East (19.16%), and Europe (4.02%).

Quarterly Revenue by Country

CountryDec 22Jun 22Jun 21
Middle East$32.60M$5.10M-
MEXICO$78.40M$17.50M$3.40M
Europe$29.80M$19.00M$17.50M
West Africa$82.30M$24.60M$12.50M
South East Asia$115.40M$39.10M$21.40M
Integrated Well Services Segment---
Dayrate Segment--$5.40M

Borr Drilling's latest quarterly revenue breakdown by geography, as of Dec 22: South East Asia (34.09%), West Africa (24.31%), MEXICO (23.16%), Middle East (9.63%), and Europe (8.80%).

Borr Drilling Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PTENPatterson-UTI Energy$4.15B$1.36B
NBRNabors Industries$3.05B$743.31M
RIGTransocean$2.83B$948.00M
NENoble$2.59B$800.55M
DODiamond Offshore Drilling$1.06B$274.61M
BORRBorr Drilling$800.73M$227.49M

BORR Revenue FAQ

What is Borr Drilling’s yearly revenue?

Borr Drilling's yearly revenue for 2023 was $800.73M, representing an increase of 80.43% compared to 2022. The company's yearly revenue for 2022 was $443.8M, representing an increase of 80.92% compared to 2021. BORR's yearly revenue for 2021 was $245.3M, representing a decrease of -20.23% compared to 2020.

What is Borr Drilling’s quarterly revenue?

Borr Drilling's quarterly revenue for Q1 2024 was $227.49M, a -3.06% decrease from the previous quarter (Q4 2023), and a 32.26% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $234.67M, a 22.54% increase from the previous quarter (Q3 2023), and a 57.92% increase year-over-year (Q4 2022). BORR's quarterly revenue for Q3 2023 was $191.5M, a 2.13% increase from the previous quarter (Q2 2023), and a 77.48% increase year-over-year (Q3 2022).

What is Borr Drilling’s revenue growth rate?

Borr Drilling's revenue growth rate for the last 3 years (2021-2023) was 226.43%, and for the last 5 years (2019-2023) was 139.67%.

What are Borr Drilling’s revenue streams?

Borr Drilling's revenue streams in c 23 are Dayrate Revenue, and Other Revenue. Dayrate Revenue generated $83.5M in revenue, accounting 89.40% of the company's total revenue, down -50.15% year-over-year. Other Revenue generated $9.9M in revenue, accounting 10.60% of the company's total revenue, down -36.13% year-over-year.

What is Borr Drilling’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Borr Drilling was Dayrate Revenue. This segment made a revenue of $83.5M, representing 89.40% of the company's total revenue.