Noble (NE-WTA) Operating Margin (2021 - 2026)

Noble (NE-WTA) reported Operating Margin of 28.68% for Q1 2026, up 725.0% on a YoY basis from 3.48% in Q1 2025, and up 415.05% quarter-over-quarter from 5.57% in Q4 2025.

Noble (NE-WTA) Operating Margin (2021 - 2026) Analysis & Trends

Noble has reported Operating Margin for 6 years, with the latest figure at 28.68% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 725.0% year-over-year to 28.68%; the trailing twelve-month figure through Mar 2026 stood at 14.19% (down 656.0% YoY), and the FY2025 full-year result was 12.65%, down 710.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 28.68%, up from 5.57% in the prior quarter.
  • The five-year high for Operating Margin was 30.3% in Q2 2024, with the low at 16.47% in Q1 2022.
  • Historically, Operating Margin has averaged 17.06% across 5 years, with a median of 17.3% in 2022.
  • Annual changes were most pronounced in 2022 — Operating Margin sank 3955 bps — and 2023, when it soared 3403 bps.
  • Noble's Operating Margin stood at 26.38% in 2022, then fell by 7 bps to 24.52% in 2023, then dropped by 25 bps to 18.44% in 2024, then sank by 70 bps to 5.57% in 2025, then jumped by 415 bps to 28.68% in 2026.
  • The last three Operating Margin figures came in at 28.68% (Q1 2026), 5.57% (Q4 2025), and 6.32% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Precision Drilling 153.75 Bn 153.69 Bn 120.82 Mn 23.56%
2 Noble 7.23 Bn 6.56 Bn 755.58 Mn 28.68%
3 Transocean 6.52 Bn 5.90 Bn 475.00 Mn 26.55%
4 Patterson Uti Energy 4.41 Bn 4.07 Bn 535.85 Mn -1.28%
5 Helmerich & Payne 3.80 Bn 3.70 Bn 907.56 Mn -3.96%
6 Seadrill 2.73 Bn 2.40 Bn 177.00 Mn 6.70%
7 Sable Offshore 1.70 Bn 1.65 Bn -66.76 Mn -9,343.35%
8 Borr Drilling 1.40 Bn 1.16 Bn - 18.62%
9 Nabors Industries 1.38 Bn 1.26 Bn 290.08 Mn -60.65%
10 Noble - - 755.58 Mn 28.68%

Historic Data

Download Data
DateValue
Mar 31, 2026 28.68%
Dec 31, 2025 5.57%
Sep 30, 2025 6.32%
Jun 30, 2025 15.94%
Mar 31, 2025 21.42%
Dec 31, 2024 18.44%
Sep 30, 2024 14.43%
Jun 30, 2024 30.30%
Mar 31, 2024 16.88%
Dec 31, 2023 24.52%
Sep 30, 2023 28.79%
Jun 30, 2023 17.09%
Mar 31, 2023 17.56%
Dec 31, 2022 26.38%
Sep 30, 2022 16.86%
Jun 30, 2022 17.30%
Mar 31, 2022 -16.47%
Dec 31, 2021 65.93%
Sep 30, 2021 -5.39%