Noble (NE) Gross Margin (2021 - 2026)
Noble (NE) recorded Gross Margin of 33.25% in Q2 2026, down 4.21 percentage points from 37.46% a year earlier and down 5.63 percentage points from the prior quarter.
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Analysis
Noble (NE) Gross Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Noble's Gross Margin came in at 35.20% as of Jun 30, 2026, down 5.38 percentage points year-over-year; for FY2025, it came in at 37.55%, down 3.83 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +1.40 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 41.38% in FY2024 (+1.01 pp), 40.37% in FY2023 (+8.37 pp), 31.99% in FY2022 (+22.25 pp) and 9.74% in FY2021 (-26.41 pp).
- Quarterly Gross Margin has ranged from 5.44% in Q4 2021 to 48.16% in Q2 2024 over the past five years.
- On a year-over-year basis, Gross Margin has declined for five consecutive quarters, with an average year-over-year change of -3.57 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 31.32 percentage points in Q4 2022, against a drop of 10.70 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.88% (Q1 2026), 32.39% (Q4 2025) and 36.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.03 Bn | 71.14 Bn | 1.40 Bn | 15.55% |
| 2 | Baker Hughes | 55.51 Bn | 18.79 Bn | 1.58 Bn | 23.46% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 24.78% |
| 4 | Halliburton | 26.27 Bn | 18.03 Bn | 804.00 Mn | 14.07% |
| 5 | Nov | 6.79 Bn | 1.58 Bn | 521.00 Mn | 24.41% |
| 6 | Noble | 6.70 Bn | 4.63 Bn | 239.27 Mn | 33.25% |
| 7 | Transocean | 5.82 Bn | 3.53 Bn | 358.00 Mn | 37.06% |
| 8 | Weatherford International | 5.77 Bn | 1.71 Bn | 333.00 Mn | 30.14% |
| 9 | Valaris | 5.44 Bn | 3.05 Bn | 123.70 Mn | 22.94% |
| 10 | Kodiak Gas Services | 5.22 Bn | 4.99 Bn | 246.76 Mn | 63.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.25% |
| Mar 31, 2026 | 38.88% |
| Dec 31, 2025 | 32.39% |
| Sep 30, 2025 | 36.04% |
| Jun 30, 2025 | 37.46% |
| Mar 31, 2025 | 43.52% |
| Dec 31, 2024 | 39.23% |
| Sep 30, 2024 | 42.24% |
| Jun 30, 2024 | 48.16% |
| Mar 31, 2024 | 36.03% |
| Dec 31, 2023 | 38.11% |
| Sep 30, 2023 | 46.82% |
| Jun 30, 2023 | 39.34% |
| Mar 31, 2023 | 36.43% |
| Dec 31, 2022 | 36.76% |
| Sep 30, 2022 | 34.69% |
| Jun 30, 2022 | 31.50% |
| Mar 31, 2022 | 14.59% |
| Dec 31, 2021 | 5.44% |
| Sep 30, 2021 | 18.12% |
API Access
Noble Gross Margin 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=gross-margin&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();