Noble (NE) Operating Margin (2021 - 2026)
Noble's (NE) quarterly Operating Margin came in at 4.23% in Q2 2026, down 1170.0% YoY from 0.4% in Q2 2025, and down 85.23% on a QoQ basis from 28.68% in Q1 2026.
Noble (NE) Operating Margin (2021 - 2026) Analysis & Trends
Noble (NE) has 6 years of Operating Margin data on file, last reported at 4.23% in Q2 2026.
- Quarterly Operating Margin fell 1170.0% year-over-year to 4.23% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.37% (down 628.0% YoY) and the FY2025 annual result came in at 12.65%, down 710.0% from the prior year.
- Operating Margin retreated to 4.23% in Q2 2026, from 28.68% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 30.3% in Q2 2024 to a low of 16.47% in Q1 2022.
- A 5-year average of 16.35% and a median of 17.2% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin sank 3955 bps — and 2023, when it soared 3403 bps.
- Tracing NE's Operating Margin over 5 years: stood at 26.38% in 2022, then fell by 7 bps to 24.52% in 2023, then dropped by 25 bps to 18.44% in 2024, then sank by 70 bps to 5.57% in 2025, then slipped by 24 bps to 4.23% in 2026.
- The last three Operating Margin figures came in at 4.23% (Q2 2026), 28.68% (Q1 2026), and 5.57% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 4.23% |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 15.73% |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -0.57% |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 18.19% |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 16.04% |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.13% |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -60.31% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 21.43% |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 9.48% |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -48.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.23% |
| Mar 31, 2026 | 28.68% |
| Dec 31, 2025 | 5.57% |
| Sep 30, 2025 | 6.32% |
| Jun 30, 2025 | 15.94% |
| Mar 31, 2025 | 21.42% |
| Dec 31, 2024 | 18.44% |
| Sep 30, 2024 | 14.43% |
| Jun 30, 2024 | 30.30% |
| Mar 31, 2024 | 16.88% |
| Dec 31, 2023 | 24.52% |
| Sep 30, 2023 | 28.79% |
| Jun 30, 2023 | 17.09% |
| Mar 31, 2023 | 17.56% |
| Dec 31, 2022 | 26.38% |
| Sep 30, 2022 | 16.86% |
| Jun 30, 2022 | 17.30% |
| Mar 31, 2022 | -16.47% |
| Dec 31, 2021 | 65.93% |
| Sep 30, 2021 | -5.39% |