Noble (NE-WT) Work In Process (2021 - 2026)

Noble (NE-WT) reported Work In Process of $17.9 million for Q1 2026, down 28.24% on a YoY basis from $24.9 million in Q1 2025, and down 39.48% quarter-over-quarter from $29.5 million in Q4 2025.

Noble (NE-WT) Work In Process (2021 - 2026) Analysis & Trends

Noble has reported Work In Process for 6 years, with the latest figure at $17.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Work In Process fell 28.24% year-over-year to $17.9 million; the trailing twelve-month figure through Mar 2026 stood at $17.9 million (down 28.24% YoY), and the FY2025 full-year result was $29.5 million, up 13.34% from the prior year.
  • Work In Process for Q1 2026 stood at $17.9 million, down from $29.5 million in the prior quarter.
  • The five-year high for Work In Process was $29.5 million in Q4 2025, with the low at $2.8 million in Q3 2023.
  • Historically, Work In Process has averaged $16.1 million across 5 years, with a median of $17.2 million in 2024.
  • Annual changes were most pronounced in 2023 — Work In Process tumbled 62.32% — and 2024, when it jumped 519.04%.
  • Noble's Work In Process stood at $11.2 million in 2022, then sank by 62.32% to $4.2 million in 2023, then jumped by 519.04% to $26.0 million in 2024, then rose by 13.34% to $29.5 million in 2025, then plunged by 39.48% to $17.9 million in 2026.
  • The last three Work In Process figures came in at $17.9 million (Q1 2026), $29.5 million (Q4 2025), and $26.3 million (Q3 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
Mar 31, 2026 17.87 Mn
Dec 31, 2025 29.53 Mn
Sep 30, 2025 26.28 Mn
Jun 30, 2025 25.37 Mn
Mar 31, 2025 24.90 Mn
Dec 31, 2024 26.05 Mn
Sep 30, 2024 17.17 Mn
Jun 30, 2024 22.45 Mn
Mar 31, 2024 5.29 Mn
Dec 31, 2023 4.21 Mn
Sep 30, 2023 2.82 Mn
Jun 30, 2023 9.05 Mn
Mar 31, 2023 12.60 Mn
Dec 31, 2022 11.17 Mn
Sep 30, 2022 7.41 Mn
Dec 31, 2021 5.74 Mn