Noble (NE) Asset Utilization Ratio (2022 - 2026)
Noble's (NE) quarterly Asset Utilization Ratio came in at 0.42 in Q2 2026, down 5.91% YoY from 0.44 in Q2 2025, and down 2.14% on a QoQ basis from 0.43 in Q1 2026.
Noble (NE) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
Noble (NE) has 5 years of Asset Utilization Ratio data on file, last reported at 0.42 in Q2 2026.
- Quarterly Asset Utilization Ratio fell 5.91% year-over-year to 0.42 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.42 (down 5.91% YoY) and the FY2025 annual result came in at 0.42, down 6.58% from the prior year.
- Asset Utilization Ratio declined to 0.42 in Q2 2026, from 0.43 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.49 in Q3 2023 to a low of 0.35 in Q1 2023.
- A 5-year average of 0.43 and a median of 0.43 in 2026 frame the typical range for Asset Utilization Ratio.
- The widest YoY moves for Asset Utilization Ratio: up 35.85% in 2024, down 20.45% in 2024.
- Tracing NE's Asset Utilization Ratio over 5 years: stood at 0.37 in 2022, then rose by 29.49% to 0.48 in 2023, then fell by 20.45% to 0.38 in 2024, then climbed by 13.33% to 0.43 in 2025, then decreased by 3.76% to 0.42 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.42 (Q2 2026), 0.43 (Q1 2026), and 0.43 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.42 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 0.27 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 0.87 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 0.63 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 0.38 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.27 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 0.73 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 0.70 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 0.40 |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 0.08 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.42 |
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.43 |
| Sep 30, 2025 | 0.45 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.42 |
| Dec 31, 2024 | 0.38 |
| Sep 30, 2024 | 0.41 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 0.48 |
| Dec 31, 2023 | 0.48 |
| Sep 30, 2023 | 0.49 |
| Jun 30, 2023 | 0.42 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.37 |