Noble (NE) Return on Invested Capital [ROIC] (2022 - 2026)
Noble (NE) posted Return on Invested Capital [ROIC] of 4.10% for Q2 2026, down 2.00 percentage points from 6.10% a year earlier and down 0.92 percentage points from the prior quarter.
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Analysis
Noble (NE) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Noble's Return on Invested Capital [ROIC] came in at 5.01%, down 4.86 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a three-year change of -1.72 percentage points (FY2022 to FY2025).
- In prior years, Noble's Return on Invested Capital [ROIC] was 9.88% in FY2024 (-2.43 pp), 12.31% in FY2023 (+5.57 pp) and 6.73% in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2022.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last eight quarters, with an average year-over-year change of -3.89 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2023, with a gain of 5.67 percentage points; the weakest was Q2 2025, with a drop of 8.01 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 5.02% (Q1 2026), 5.06% (Q4 2025) and 4.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 72.34 Bn | 69.45 Bn | 1.40 Bn | 9.52% |
| 2 | Baker Hughes | 55.59 Bn | 18.87 Bn | 1.58 Bn | 8.85% |
| 3 | TechnipFMC | 27.02 Bn | 23.17 Bn | 684.70 Mn | -134.40% |
| 4 | Halliburton | 26.54 Bn | 18.29 Bn | 804.00 Mn | 17.98% |
| 5 | Nov | 6.72 Bn | 1.51 Bn | 521.00 Mn | 1.65% |
| 6 | Noble | 6.50 Bn | 4.43 Bn | 239.27 Mn | 4.10% |
| 7 | Transocean | 5.76 Bn | 3.47 Bn | 358.00 Mn | -7.40% |
| 8 | Weatherford International | 5.72 Bn | 1.66 Bn | 333.00 Mn | 15.72% |
| 9 | Kodiak Gas Services | 5.48 Bn | 5.25 Bn | 246.76 Mn | 6.19% |
| 10 | Valaris | 5.43 Bn | 3.05 Bn | 123.70 Mn | 5.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.10% |
| Mar 31, 2026 | 5.02% |
| Dec 31, 2025 | 5.06% |
| Sep 30, 2025 | 4.90% |
| Jun 30, 2025 | 6.10% |
| Mar 31, 2025 | 8.55% |
| Dec 31, 2024 | 8.27% |
| Sep 30, 2024 | 10.25% |
| Jun 30, 2024 | 14.11% |
| Mar 31, 2024 | 11.86% |
| Dec 31, 2023 | 12.11% |
| Sep 30, 2023 | 12.13% |
| Jun 30, 2023 | 9.92% |
| Mar 31, 2023 | 8.39% |
| Dec 31, 2022 | 6.45% |
API Access
Noble Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=NE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=NE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();