Noble (NE) Asset Utilization Ratio (2022 - 2026)
Noble's Asset Utilization Ratio came in at 0.42 for Q3 2026, down 7.6% from 0.45 a year earlier and down 0.1% from the prior quarter.
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Analysis
Noble (NE) Asset Utilization Ratio (2022 - 2026) Analysis & Trends
Going back to Q4 2022, Noble's Asset Utilization Ratio data covers 16 quarters.
- Going back by year, Asset Utilization Ratio was 0.45 in FY2024 (-5.8%), 0.48 in FY2023 (+24.6%) and 0.39 in FY2022.
- The Q3 2026 figure represents the lowest quarterly Asset Utilization Ratio since Q1 2025.
- Year-over-year, Asset Utilization Ratio increased in three of the last eight quarters, with an average decline of 3.6%.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q1 2024 (growth of 35.9%), and the weakest in Q4 2024 (a decline of 20.5%).
- Business Quant data shows NE's Asset Utilization Ratio at 0.42 (Q2 2026), 0.43 (Q1 2026) and 0.43 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.81 Bn | 70.26 Bn | 1.57 Bn | 0.66 |
| 2 | Baker Hughes | 47.88 Bn | 9.61 Bn | 1.96 Bn | 0.51 |
| 3 | Halliburton | 26.33 Bn | 18.23 Bn | 840.00 Mn | 0.87 |
| 4 | TechnipFMC | 25.25 Bn | 21.22 Bn | 728.70 Mn | 1.03 |
| 5 | Noble | 6.55 Bn | 4.63 Bn | 228.22 Mn | 0.42 |
| 6 | Nov | 6.31 Bn | 1.20 Bn | 439.00 Mn | 0.78 |
| 7 | Weatherford International | 6.04 Bn | 1.78 Bn | 374.00 Mn | 0.90 |
| 8 | Transocean | 5.85 Bn | 3.89 Bn | 348.00 Mn | 0.27 |
| 9 | Valaris | 5.52 Bn | 3.27 Bn | 176.30 Mn | 0.39 |
| 10 | Kodiak Gas Services | 4.21 Bn | 3.97 Bn | 246.76 Mn | 0.28 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.42 |
| 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 |
API Access
Noble Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();