Noble (NE) Operating Margin (2021 - 2026)
Noble's Operating Margin came in at 4.23% for Q2 2026, down 11.70 percentage points from 15.94% a year earlier and down 24.44 percentage points from the prior quarter.
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Analysis
Noble (NE) Operating Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Noble reported Operating Margin of 11.37%, down 6.28 percentage points year-over-year; for FY2025, it came in at 12.65%, down 7.10 percentage points from FY2024.
- Operating Margin carries a five-year change of +435.41 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 19.75% in FY2024 (-2.45 pp), 22.20% in FY2023 (+6.02 pp), 16.18% in FY2022 (+8.28 pp) and 7.90% in FY2021 (+430.66 pp).
- The Q2 2026 figure represents the lowest quarterly Operating Margin since Q1 2022.
- Year-over-year, Operating Margin increased in two of the last eight quarters, with an average year-over-year change of -6.96 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2023 (a gain of 34.03 percentage points), and the weakest in Q4 2022 (a drop of 39.55 percentage points).
- Business Quant data shows NE's Operating Margin at 28.68% (Q1 2026), 5.57% (Q4 2025) and 6.32% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.81 Bn | 70.26 Bn | 1.57 Bn | 12.05% |
| 2 | Baker Hughes | 47.88 Bn | 9.61 Bn | 1.96 Bn | 13.05% |
| 3 | Halliburton | 26.33 Bn | 18.23 Bn | 840.00 Mn | 10.94% |
| 4 | TechnipFMC | 25.25 Bn | 21.22 Bn | 728.70 Mn | 18.23% |
| 5 | Noble | 6.55 Bn | 4.63 Bn | 228.22 Mn | 8.24% |
| 6 | Nov | 6.31 Bn | 1.20 Bn | 439.00 Mn | 6.38% |
| 7 | Weatherford International | 6.04 Bn | 1.78 Bn | 374.00 Mn | 13.39% |
| 8 | Transocean | 5.85 Bn | 3.89 Bn | 348.00 Mn | 15.26% |
| 9 | Valaris | 5.52 Bn | 3.27 Bn | 176.30 Mn | 13.70% |
| 10 | Kodiak Gas Services | 4.21 Bn | 3.97 Bn | 246.76 Mn | 31.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.24% |
| 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% |
API Access
Noble Operating 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=operating-margin&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();