Noble (NE) Return on Capital Employed (2022 - 2026)
Noble's (NE) quarterly Return on Capital Employed came in at 5.17% in Q2 2026, down 344.0% YoY from 2.12% in Q2 2025, and down 22.65% on a QoQ basis from 6.68% in Q1 2026.
Noble (NE) Return on Capital Employed (2022 - 2026) Analysis & Trends
Noble (NE) has 5 years of Return on Capital Employed data on file, last reported at 5.17% in Q2 2026.
- Quarterly Return on Capital Employed fell 344.0% year-over-year to 5.17% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.17% (down 344.0% YoY) and the FY2025 annual result came in at 5.95%, down 447.0% from the prior year.
- Return on Capital Employed declined to 5.17% in Q2 2026, from 6.68% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 13.87% in Q2 2024 to a low of 5.17% in Q2 2026.
- A 5-year average of 9.16% and a median of 8.61% in 2025 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2023 — Return on Capital Employed soared 483 bps — and 2025, when it slumped 526 bps.
- Tracing NE's Return on Capital Employed over 5 years: stood at 7.28% in 2022, then jumped by 66 bps to 12.11% in 2023, then slipped by 29 bps to 8.56% in 2024, then retreated by 29 bps to 6.09% in 2025, then decreased by 15 bps to 5.17% in 2026.
- The last three Return on Capital Employed figures came in at 5.17% (Q2 2026), 6.68% (Q1 2026), and 6.09% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.40 Bn | 6.95 Bn | 273.38 Mn | 5.17% |
| 2 | Transocean | 6.65 Bn | 5.85 Bn | 358.00 Mn | -7.15% |
| 3 | Patterson Uti Energy | 4.61 Bn | 4.40 Bn | 597.25 Mn | -1.08% |
| 4 | Helmerich & Payne | 4.34 Bn | 4.10 Bn | 349.94 Mn | 1.63% |
| 5 | Seadrill | 2.93 Bn | 2.57 Bn | 234.00 Mn | 3.23% |
| 6 | Borr Drilling | 1.37 Bn | 1.15 Bn | - | -4.09% |
| 7 | Nabors Industries | 1.29 Bn | 781.59 Mn | 309.38 Mn | -39.76% |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 19.19% |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 5.20% |
| 10 | Sable Offshore | 806.49 Mn | 784.89 Mn | - | -31.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.17% |
| 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% |