Borr Drilling Limited BORR

Competitive advantage analysis · energy

Corporate Default
Overall moat score
57/100
Moderate

Ranked against 101 peers in Energy: Upstream (E&P/Drilling)

About Borr Drilling Limited

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and … Full BORR analysis →

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 0.80), demonstrating competitive advantages.
  • Operating Leverage in Effect Operating leverage is evident (score 0.98), with margins expanding over time.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.24), raising refinancing risk.
  • Weak or Negative Cash Flow Cash generation is weak (score 0.40), limiting financial flexibility.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
52
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where BORR ranks in Energy: Upstream (E&P/Drilling)

Borr Drilling Limited ranks #32 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 31%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
28 Devon Energy Corporation DVN 60/100 Moderate
29 ConocoPhillips COP 59/100 Moderate
30 Civitas Resources, Inc. CIVI 58/100 Moderate
31 Ovintiv Inc. (DE) OVV 58/100 Moderate
32 Borr Drilling Limited BORR 57/100 Moderate
33 Range Resources Corporation RRC 57/100 Moderate
34 Mexco Energy Corporation MXC 55/100 Moderate
35 PrimeEnergy Resources Corporati PNRG 55/100 Moderate
36 Occidental Petroleum Corporatio OXY 55/100 Moderate

See every Commodities & Mining company ranked by moat score →

How BORR scores on the Corporate Default defenses

Pricing Power

Score 52 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 72 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 51 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 41 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 46 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 87 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BORR's moat

What is Borr Drilling Limited's moat score?

Borr Drilling Limited (BORR) scores 57 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #32 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 31%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Scale & Market Position (87/100) and its weakest is Capital Efficiency (41/100).

How does Borr Drilling Limited compare with other Energy: Upstream (E&P/Drilling) companies?

Borr Drilling Limited ranks #32 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Ovintiv Inc. (DE) (OVV) at 58 just above it and Range Resources Corporation (RRC) at 57 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.

Why is Borr Drilling Limited scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Borr Drilling Limited?

The Corporate Default template measures 6 defenses, and BORR scores: Pricing Power (52), Cost Advantage (72), Customer Stickiness (51), Capital Efficiency (41), Resilience (46), Scale & Market Position (87). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000