Noble (NE) Gross Margin (2021 - 2026)
Noble's (NE) quarterly Gross Margin came in at 37.99% in Q2 2026, down 281.0% YoY from 20.99% in Q2 2025, and down 11.06% on a QoQ basis from 42.71% in Q1 2026.
Noble (NE) Gross Margin (2021 - 2026) Analysis & Trends
Noble (NE) has 6 years of Gross Margin data on file, last reported at 37.99% in Q2 2026.
- Quarterly Gross Margin fell 281.0% year-over-year to 37.99% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 39.78% (down 441.0% YoY) and the FY2025 annual result came in at 41.7%, down 313.0% from the prior year.
- Gross Margin eased to 37.99% in Q2 2026, from 42.71% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.53% in Q2 2024 to a low of 21.0% in Q1 2022.
- A 5-year average of 40.98% and a median of 40.97% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin soared 2886 bps — and 2025, when it sank 1073 bps.
- Tracing NE's Gross Margin over 5 years: stood at 41.15% in 2022, then grew by 2 bps to 41.87% in 2023, then advanced by 3 bps to 43.14% in 2024, then declined by 11 bps to 38.37% in 2025, then dropped by 1 bps to 37.99% in 2026.
- The last three Gross Margin figures came in at 37.99% (Q2 2026), 42.71% (Q1 2026), and 38.37% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 37.99% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 37.06% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 48.64% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 33.82% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 52.12% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 37.87% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 27.28% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 22.94% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.99% |
| Mar 31, 2026 | 42.71% |
| Dec 31, 2025 | 38.37% |
| Sep 30, 2025 | 39.86% |
| Jun 30, 2025 | 40.80% |
| Mar 31, 2025 | 47.16% |
| Dec 31, 2024 | 43.14% |
| Sep 30, 2024 | 45.76% |
| Jun 30, 2024 | 51.53% |
| Mar 31, 2024 | 38.80% |
| Dec 31, 2023 | 41.87% |
| Sep 30, 2023 | 49.22% |
| Jun 30, 2023 | 43.22% |
| Mar 31, 2023 | 40.70% |
| Dec 31, 2022 | 41.15% |
| Sep 30, 2022 | 39.03% |
| Jun 30, 2022 | 35.26% |
| Mar 31, 2022 | 21.00% |
| Dec 31, 2021 | 12.29% |
| Sep 30, 2021 | 24.69% |