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| Date | Value |
|---|---|
| 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 |