Noble (NE) Gross Margin (2021 - 2026)
Noble posted quarterly Gross Margin of 96.17% for Q1 2026, up 4901.0% year-on-year from 1.92% in Q1 2025, and up 150.65% on a QoQ basis from 38.37% in Q4 2025.
Noble (NE) has 6 years of Gross Margin data on file, last reported at 96.17% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 4901.0% year-over-year to 96.17%; the trailing twelve-month figure through Mar 2026 stood at 82.48% (up 6897.0% YoY), and the FY2025 full-year result was 41.7%, down 313.0% from the prior year.
- Gross Margin for Q1 2026 stood at 96.17%, up from 38.37% in the prior quarter.
- Across five years, Gross Margin topped out at 97.22% in Q1 2024 and bottomed at 74.47% in Q4 2024.
- The 5-year median for Gross Margin is 51.53% (2024), against an average of 55.63%.
- The widest annual swing landed in 2022, when Gross Margin slumped 32994 bps; it then soared 13438 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 38.13% in 2022, then jumped by 352 bps to 96.24% in 2023, then slumped by 177 bps to 74.47% in 2024, then soared by 152 bps to 38.37% in 2025, then jumped by 151 bps to 96.17% in 2026.
- The last three Gross Margin figures came in at 96.17% (Q1 2026), 38.37% (Q4 2025), and 96.17% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 31.50% |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 96.17% |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 43.94% |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 47.96% |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 97.34% |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 49.44% |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -5,252.71% |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 37.02% |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.17% |
| Dec 31, 2025 | 38.37% |
| Sep 30, 2025 | 96.17% |
| Jun 30, 2025 | 96.66% |
| Mar 31, 2025 | 47.16% |
| Dec 31, 2024 | -74.47% |
| Sep 30, 2024 | 45.76% |
| Jun 30, 2024 | 51.53% |
| Mar 31, 2024 | 97.22% |
| Dec 31, 2023 | 96.24% |
| Sep 30, 2023 | 49.22% |
| Jun 30, 2023 | 96.12% |
| Mar 31, 2023 | 95.74% |
| Dec 31, 2022 | -38.13% |
| Sep 30, 2022 | 95.66% |
| Jun 30, 2022 | 35.26% |
| Mar 31, 2022 | 21.00% |
| Dec 31, 2021 | 291.80% |
| Sep 30, 2021 | 24.96% |