Noble NE
NYSE NE
$45.68 +0.22 (+0.48%)
As of: Sep 10, 2026 · 3:36 PM EDT

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

Historic Data

Download Data
DateValue
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%