Noble (NE) Return on Capital Employed [ROCE] (2022 - 2026)
Noble (NE) recorded Return on Capital Employed [ROCE] of 5.17% in Q2 2026, down 3.44 percentage points from 8.61% a year earlier and down 1.51 percentage points from the prior quarter.
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Analysis
Noble (NE) Return on Capital Employed [ROCE] (2022 - 2026) Analysis & Trends
For FY2025, Noble reported Return on Capital Employed [ROCE] of 5.95%, down 4.47 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a three-year change of -1.71 percentage points (FY2022 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 10.42% in FY2024 (-1.73 pp), 12.15% in FY2023 (+4.49 pp) and 7.66% in FY2022.
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] in data going back to Q4 2022.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for eight consecutive quarters, with an average year-over-year change of -3.03 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 4.83 percentage points in Q4 2023, against a drop of 5.26 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.68% (Q1 2026), 6.09% (Q4 2025) and 7.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 75.75 Bn | 72.19 Bn | 1.57 Bn | 11.29% |
| 2 | Baker Hughes | 48.33 Bn | 10.06 Bn | 1.96 Bn | 14.16% |
| 3 | Halliburton | 27.11 Bn | 19.06 Bn | 840.00 Mn | 14.18% |
| 4 | TechnipFMC | 25.53 Bn | 21.50 Bn | 728.70 Mn | 33.29% |
| 5 | Noble | 6.85 Bn | 4.92 Bn | 228.22 Mn | 5.53% |
| 6 | Nov | 6.35 Bn | 1.30 Bn | 439.00 Mn | 5.33% |
| 7 | Weatherford International | 6.08 Bn | 1.82 Bn | 374.00 Mn | 16.42% |
| 8 | Transocean | 6.08 Bn | 4.12 Bn | 348.00 Mn | 5.95% |
| 9 | Valaris | 5.60 Bn | 3.36 Bn | 176.30 Mn | 4.08% |
| 10 | Kodiak Gas Services | 4.48 Bn | 4.15 Bn | 259.04 Mn | 8.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.53% |
| 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% |
API Access
Noble Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();