Noble (NE) FCF Margin (2021 - 2026)
Noble's (NE) quarterly FCF Margin came in at 8.39% in Q2 2026, down 2015.0% YoY from 0.44% in Q2 2025, and down 138.9% on a QoQ basis from 21.57% in Q1 2026.
Noble (NE) FCF Margin (2021 - 2026) Analysis & Trends
Noble (NE) has 6 years of FCF Margin data on file, last reported at 8.39% in Q2 2026.
- Quarterly FCF Margin fell 2015.0% year-over-year to 8.39% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 9.25% (down 261.0% YoY) and the FY2025 annual result came in at 13.15%, up 1053.0% from the prior year.
- FCF Margin slipped to 8.39% in Q2 2026, from 21.57% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 22.71% in Q4 2023 to a low of 47.02% in Q1 2022.
- A 5-year average of 5.67% and a median of 13.04% in 2022 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin surged 2640 bps — and 2024, when it plunged 2319 bps.
- Tracing NE's FCF Margin over 5 years: stood at 17.04% in 2022, then jumped by 33 bps to 22.71% in 2023, then tumbled by 102 bps to 0.48% in 2024, then jumped by 1065 bps to 4.63% in 2025, then tumbled by 281 bps to 8.39% in 2026.
- The last three FCF Margin figures came in at 8.39% (Q2 2026), 21.57% (Q1 2026), and 4.63% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | -8.39% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 21.95% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -8.13% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 8.11% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | -9.58% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | -12.96% |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 1.18% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 49.01% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | -17.14% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -16.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -8.39% |
| Mar 31, 2026 | 21.57% |
| Dec 31, 2025 | 4.63% |
| Sep 30, 2025 | 17.48% |
| Jun 30, 2025 | 11.76% |
| Mar 31, 2025 | 18.01% |
| Dec 31, 2024 | -0.48% |
| Sep 30, 2024 | 19.58% |
| Jun 30, 2024 | -4.94% |
| Mar 31, 2024 | -5.95% |
| Dec 31, 2023 | 22.71% |
| Sep 30, 2023 | 5.76% |
| Jun 30, 2023 | 16.34% |
| Mar 31, 2023 | -20.62% |
| Dec 31, 2022 | 17.04% |
| Sep 30, 2022 | 14.32% |
| Jun 30, 2022 | 20.22% |
| Mar 31, 2022 | -47.02% |
| Dec 31, 2021 | -4.36% |