Noble (NE-WT) Gross Margin (2021 - 2026)
Noble (NE-WT) reported Gross Margin of 96.17% for Q1 2026, up 4901.0% on a YoY basis from 1.92% in Q1 2025, and up 150.65% quarter-over-quarter from 38.37% in Q4 2025.
Noble (NE-WT) Gross Margin (2021 - 2026) Analysis & Trends
Noble has reported Gross Margin for 6 years, with the latest figure at 96.17% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 4901.0% year-over-year to 96.17%; the trailing twelve-month figure through Mar 2026 stood at 82.48% (up 6897.0% YoY), and the FY2025 full-year result was 41.7%, down 313.0% from the prior year.
- Gross Margin for Q1 2026 stood at 96.17%, up from 38.37% in the prior quarter.
- The five-year high for Gross Margin was 97.22% in Q1 2024, with the low at 74.47% in Q4 2024.
- Historically, Gross Margin has averaged 55.63% across 5 years, with a median of 51.53% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 32994 bps — and 2023, when it soared 13438 bps.
- Noble's Gross Margin stood at 38.13% in 2022, then soared by 352 bps to 96.24% in 2023, then tumbled by 177 bps to 74.47% in 2024, then surged by 152 bps to 38.37% in 2025, then soared by 151 bps to 96.17% in 2026.
- The last three Gross Margin figures came in at 96.17% (Q1 2026), 38.37% (Q4 2025), and 96.17% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 153.75 Bn | 153.69 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 7.23 Bn | 6.56 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 6.52 Bn | 5.90 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.41 Bn | 4.07 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.80 Bn | 3.70 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 2.73 Bn | 2.40 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 1.70 Bn | 1.65 Bn | -66.76 Mn | -5,252.71% |
| 8 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | - |
| 9 | Nabors Industries | 1.38 Bn | 1.26 Bn | 290.08 Mn | 37.02% |
| 10 | Noble | - | - | 755.58 Mn | 96.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.17% |
| Dec 31, 2025 | 38.37% |
| Sep 30, 2025 | 96.17% |
| Jun 30, 2025 | 96.66% |
| Mar 31, 2025 | 47.16% |
| Dec 31, 2024 | -74.47% |
| Sep 30, 2024 | 45.76% |
| Jun 30, 2024 | 51.53% |
| Mar 31, 2024 | 97.22% |
| Dec 31, 2023 | 96.24% |
| Sep 30, 2023 | 49.22% |
| Jun 30, 2023 | 96.12% |
| Mar 31, 2023 | 95.74% |
| Dec 31, 2022 | -38.13% |
| Sep 30, 2022 | 95.66% |
| Jun 30, 2022 | 35.26% |
| Mar 31, 2022 | 21.00% |
| Dec 31, 2021 | 291.80% |
| Sep 30, 2021 | 24.96% |