Noble (NE-WT) FCF Margin (2021 - 2026)
Noble (NE-WT) reported FCF Margin of 21.57% for Q1 2026, up 355.0% on a YoY basis from 4.74% in Q1 2025, and up 365.96% quarter-over-quarter from 4.63% in Q4 2025.
Noble (NE-WT) FCF Margin (2021 - 2026) Analysis & Trends
Noble has reported FCF Margin for 6 years, with the latest figure at 21.57% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 355.0% year-over-year to 21.57%; the trailing twelve-month figure through Mar 2026 stood at 13.89% (up 553.0% YoY), and the FY2025 full-year result was 13.15%, up 1053.0% from the prior year.
- FCF Margin for Q1 2026 stood at 21.57%, up from 4.63% in the prior quarter.
- The five-year high for FCF Margin was 22.71% in Q4 2023, with the low at 47.02% in Q1 2022.
- Historically, FCF Margin has averaged 6.49% across 5 years, with a median of 14.32% in 2022.
- Annual changes were most pronounced in 2023 — FCF Margin surged 2640 bps — and 2024, when it plunged 2319 bps.
- Noble's FCF Margin stood at 17.04% in 2022, then jumped by 33 bps to 22.71% in 2023, then tumbled by 102 bps to 0.48% in 2024, then jumped by 1065 bps to 4.63% in 2025, then jumped by 366 bps to 21.57% in 2026.
- The last three FCF Margin figures came in at 21.57% (Q1 2026), 4.63% (Q4 2025), and 17.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 153.75 Bn | 153.69 Bn | 120.82 Mn | 24.36% |
| 2 | Noble | 7.23 Bn | 6.56 Bn | 755.58 Mn | 21.57% |
| 3 | Transocean | 6.52 Bn | 5.90 Bn | 475.00 Mn | 12.58% |
| 4 | Patterson Uti Energy | 4.41 Bn | 4.07 Bn | 535.85 Mn | -4.72% |
| 5 | Helmerich & Payne | 3.80 Bn | 3.70 Bn | 907.56 Mn | -2.82% |
| 6 | Seadrill | 2.73 Bn | 2.40 Bn | 177.00 Mn | -9.78% |
| 7 | Sable Offshore | 1.70 Bn | 1.65 Bn | -66.76 Mn | -8,125.41% |
| 8 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 19.60% |
| 9 | Nabors Industries | 1.38 Bn | 1.26 Bn | 290.08 Mn | -6.59% |
| 10 | Noble | - | - | 755.58 Mn | 21.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.57% |
| Dec 31, 2025 | 4.63% |
| Sep 30, 2025 | 17.48% |
| Jun 30, 2025 | 11.76% |
| Mar 31, 2025 | 18.01% |
| Dec 31, 2024 | -0.48% |
| Sep 30, 2024 | 19.58% |
| Jun 30, 2024 | -4.94% |
| Mar 31, 2024 | -5.95% |
| Dec 31, 2023 | 22.71% |
| Sep 30, 2023 | 5.76% |
| Jun 30, 2023 | 16.34% |
| Mar 31, 2023 | -20.62% |
| Dec 31, 2022 | 17.04% |
| Sep 30, 2022 | 14.32% |
| Jun 30, 2022 | 20.22% |
| Mar 31, 2022 | -47.02% |
| Dec 31, 2021 | -4.36% |