Noble (NE) Work In Process (2021 - 2026)
Noble posted quarterly Work In Process of $17.9 million for Q1 2026, down 28.24% year-on-year from $24.9 million in Q1 2025, and down 39.48% on a QoQ basis from $29.5 million in Q4 2025.
Noble (NE) has 6 years of Work In Process data on file, last reported at $17.9 million in Q1 2026.
- For the quarter ending Q1 2026, Work In Process fell 28.24% year-over-year to $17.9 million; the trailing twelve-month figure through Mar 2026 stood at $17.9 million (down 28.24% YoY), and the FY2025 full-year result was $29.5 million, up 13.34% from the prior year.
- Work In Process for Q1 2026 stood at $17.9 million, down from $29.5 million in the prior quarter.
- Across five years, Work In Process topped out at $29.5 million in Q4 2025 and bottomed at $2.8 million in Q3 2023.
- The 5-year median for Work In Process is $17.2 million (2024), against an average of $16.1 million.
- The widest annual swing landed in 2023, when Work In Process sank 62.32%; it then jumped 519.04% in 2024.
- A 5-year view of Work In Process shows it stood at $11.2 million in 2022, then plunged by 62.32% to $4.2 million in 2023, then surged by 519.04% to $26.0 million in 2024, then gained by 13.34% to $29.5 million in 2025, then tumbled by 39.48% to $17.9 million in 2026.
- The last three Work In Process figures came in at $17.9 million (Q1 2026), $29.5 million (Q4 2025), and $26.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.87 Mn |
| Dec 31, 2025 | 29.53 Mn |
| Sep 30, 2025 | 26.28 Mn |
| Jun 30, 2025 | 25.37 Mn |
| Mar 31, 2025 | 24.90 Mn |
| Dec 31, 2024 | 26.05 Mn |
| Sep 30, 2024 | 17.17 Mn |
| Jun 30, 2024 | 22.45 Mn |
| Mar 31, 2024 | 5.29 Mn |
| Dec 31, 2023 | 4.21 Mn |
| Sep 30, 2023 | 2.82 Mn |
| Jun 30, 2023 | 9.05 Mn |
| Mar 31, 2023 | 12.60 Mn |
| Dec 31, 2022 | 11.17 Mn |
| Sep 30, 2022 | 7.41 Mn |
| Dec 31, 2021 | 5.74 Mn |