Noble (NE-WT) Return on Capital Employed (2022 - 2026)

Noble (NE-WT) reported Return on Capital Employed of 6.68% for Q1 2026, down 306.0% on a YoY basis from 3.25% in Q1 2025, and up 9.79% quarter-over-quarter from 6.09% in Q4 2025.

Noble (NE-WT) Return on Capital Employed (2022 - 2026) Analysis & Trends

Noble has reported Return on Capital Employed for 5 years, with the latest figure at 6.68% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed fell 306.0% year-over-year to 6.68%; the trailing twelve-month figure through Mar 2026 stood at 6.68% (down 306.0% YoY), and the FY2025 full-year result was 5.95%, down 447.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 6.68%, up from 6.09% in the prior quarter.
  • The five-year high for Return on Capital Employed was 13.87% in Q2 2024, with the low at 6.09% in Q4 2025.
  • Historically, Return on Capital Employed has averaged 9.45% across 5 years, with a median of 8.98% in 2023.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed soared 483 bps — and 2025, when it slumped 526 bps.
  • Noble's Return on Capital Employed stood at 7.28% in 2022, then jumped by 66 bps to 12.11% in 2023, then slipped by 29 bps to 8.56% in 2024, then retreated by 29 bps to 6.09% in 2025, then advanced by 10 bps to 6.68% in 2026.
  • The last three Return on Capital Employed figures came in at 6.68% (Q1 2026), 6.09% (Q4 2025), and 7.91% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Precision Drilling 153.75 Bn 153.69 Bn 120.82 Mn 19.54%
2 Noble 7.23 Bn 6.56 Bn 755.58 Mn 6.68%
3 Transocean 6.52 Bn 5.90 Bn 475.00 Mn 0.02%
4 Patterson Uti Energy 4.41 Bn 4.07 Bn 535.85 Mn -1.52%
5 Helmerich & Payne 3.80 Bn 3.70 Bn 907.56 Mn -4.09%
6 Seadrill 2.73 Bn 2.40 Bn 177.00 Mn 1.49%
7 Sable Offshore 1.70 Bn 1.65 Bn -66.76 Mn -71.06%
8 Borr Drilling 1.40 Bn 1.16 Bn - 9.32%
9 Nabors Industries 1.38 Bn 1.26 Bn 290.08 Mn -37.93%
10 Noble - - 755.58 Mn 6.68%

Historic Data

Download Data
DateValue
Mar 31, 2026 6.68%
Dec 31, 2025 6.09%
Sep 30, 2025 7.91%
Jun 30, 2025 8.61%
Mar 31, 2025 9.74%
Dec 31, 2024 8.56%
Sep 30, 2024 9.99%
Jun 30, 2024 13.87%
Mar 31, 2024 11.81%
Dec 31, 2023 12.11%
Sep 30, 2023 12.32%
Jun 30, 2023 9.35%
Mar 31, 2023 7.90%
Dec 31, 2022 7.28%