Noble (NE) Gross Margin (2021 - 2026)
Noble's (NE) quarterly Gross Margin came in at 37.99% in Q2 2026, down 281.0% on a YoY basis from 20.99% in Q2 2025, and down 11.06% quarter-over-quarter from 42.71% in Q1 2026.
Analysis
Noble (NE) Gross Margin (2021 - 2026) Analysis & Trends
Noble (NE) has reported Gross Margin for 6 consecutive years, with 37.99% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 281.0% year-over-year to 37.99%; the trailing twelve-month figure through Jun 2026 stood at 39.78% (down 441.0% YoY), and the FY2025 full-year result was 41.7%, down 313.0% from the prior year.
- Gross Margin retreated to 37.99% in Q2 2026 per NE's latest filing, from 42.71% in the prior quarter.
- Across five years, Gross Margin topped out at 51.53% in Q2 2024 and bottomed at 21.0% in Q1 2022.
- Historically, Gross Margin has averaged 40.98% across 5 years, with a median of 40.97% in 2022.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 2886 bps in 2022, then slumped 1073 bps in 2025.
- Over 5 years, Gross Margin stood at 41.15% in 2022, then rose by 2 bps to 41.87% in 2023, then grew by 3 bps to 43.14% in 2024, then retreated by 11 bps to 38.37% in 2025, then fell by 1 bps to 37.99% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 37.99%, 42.71%, and 38.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.29 Bn | 6.83 Bn | 273.38 Mn | 37.99% |
| 2 | Transocean | 6.45 Bn | 5.65 Bn | 358.00 Mn | 37.06% |
| 3 | Seadrill | 2.99 Bn | 2.63 Bn | 234.00 Mn | 52.12% |
| 4 | Borr Drilling | 1.14 Bn | 911.31 Mn | - | - |
| 5 | Valaris | 819.82 Mn | 278.62 Mn | 123.70 Mn | 22.94% |
Historic Data
Download Data
Historic 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% |