Noble (NE) Return on Capital Employed (2022 - 2026)
Noble posted quarterly Return on Capital Employed of 6.68% for Q1 2026, down 306.0% year-on-year from 3.25% in Q1 2025, and up 9.79% on a QoQ basis from 6.09% in Q4 2025.
Noble (NE) has 5 years of Return on Capital Employed data on file, last reported at 6.68% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 306.0% year-over-year to 6.68%; the trailing twelve-month figure through Mar 2026 stood at 6.68% (down 306.0% YoY), and the FY2025 full-year result was 5.95%, down 447.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 6.68%, up from 6.09% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 13.87% in Q2 2024 and bottomed at 6.09% in Q4 2025.
- The 5-year median for Return on Capital Employed is 8.98% (2023), against an average of 9.45%.
- The widest annual swing landed in 2023, when Return on Capital Employed soared 483 bps; it then plunged 526 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 7.28% in 2022, then surged by 66 bps to 12.11% in 2023, then dropped by 29 bps to 8.56% in 2024, then decreased by 29 bps to 6.09% in 2025, then climbed by 10 bps to 6.68% in 2026.
- The last three Return on Capital Employed figures came in at 6.68% (Q1 2026), 6.09% (Q4 2025), and 7.91% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 19.54% |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 6.68% |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 0.02% |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | -1.52% |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | -4.09% |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 1.49% |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -71.06% |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | -37.93% |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | 9.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.68% |
| Dec 31, 2025 | 6.09% |
| Sep 30, 2025 | 7.91% |
| Jun 30, 2025 | 8.61% |
| Mar 31, 2025 | 9.74% |
| Dec 31, 2024 | 8.56% |
| Sep 30, 2024 | 9.99% |
| Jun 30, 2024 | 13.87% |
| Mar 31, 2024 | 11.81% |
| Dec 31, 2023 | 12.11% |
| Sep 30, 2023 | 12.32% |
| Jun 30, 2023 | 9.35% |
| Mar 31, 2023 | 7.90% |
| Dec 31, 2022 | 7.28% |