Noble Corporation plc (NE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NE SEC filings page.
Noble Corporation plc (NE) reported $3.1B in revenue over the twelve months to Jun 30, 2026, down 11.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Higher interest costs and weaker operating profitability cut Noble's 2025 earnings even as cash conversion improved sharply.
Cash generation diverged from accounting profit: operating cash flow reached$952M against net income of$217M . The conversion ratio was439.1% versus146.2% in FY2024, while the receivables contraction suggests working-capital release contributed materially to cash.
Revenue reached
Free cash flow recovered to
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Noble Corporation plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Noble Corporation plc has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is down from 19.8% the prior year.
Noble Corporation plc's revenue grew 7.4% year-over-year to $3.3B, a solid pace of expansion. This earns a growth score of 73/100.
Noble Corporation plc carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Noble Corporation plc's current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Noble Corporation plc converts 13.2% of revenue into free cash flow ($432.2M). This strong cash generation earns a score of 68/100.
Noble Corporation plc's ROE of 4.8% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 9.6% the prior year.
Noble Corporation plc scores 2.29, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $7.6B against total liabilities of $3.0B. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Noble Corporation plc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Noble Corporation plc generates $4.39 in operating cash flow ($951.7M OCF vs $216.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Noble Corporation plc earns $2.56 in operating income for every $1 of interest expense ($415.6M vs $162.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Noble Corporation plc generated $719.7M in revenue in Q2 2026. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is down 8.4%.
Noble Corporation plc reported a net loss of $36.7M in Q2 2026. This represents a decrease of 185.6% from the same quarter a year earlier. Against the prior quarter it is down 130.4%.
Noble Corporation plc earned -$0.23 per diluted share (EPS) in Q2 2026. This represents a decrease of 185.2% from the same quarter a year earlier. Against the prior quarter it is down 130.7%.
Not reported for Q2 2026.
Cash & Balance Sheet
Noble Corporation plc recorded an outflow of $60.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 160.5% from the same quarter a year earlier. Against the prior quarter it is down 135.6%.
Noble Corporation plc held $456.2M in cash against $1.9B in long-term debt as of Q2 2026.
Noble Corporation plc paid $0.50 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Noble Corporation plc's operating margin was 4.2% in Q2 2026, reflecting core business profitability. This is down 11.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 24.4 percentage points.
Noble Corporation plc's net profit margin was -5.1% in Q2 2026, showing the share of revenue converted to profit. This is down 10.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 20.5 percentage points.
Noble Corporation plc's quarterly ROE was -0.8% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.
Not reported for Q2 2026.
Capital Allocation
Noble Corporation plc repurchased no shares in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Noble Corporation plc invested $204.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 75.4% from the same quarter a year earlier. Against the prior quarter it is up 96.9%.
Not reported for Q2 2026.
NE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $719.7M-15.2% | $785.7M-10.2% | $764.4M-17.6% | $798.0M-0.3% | $848.7M+22.5% | $874.5M+37.3% | $927.3M+44.2% | $800.5M+14.8% |
| SG&A Expenses | $26.9M-23.0% | $30.0M-14.7% | $29.7M-5.2% | $33.3M-23.6% | $35.0M-11.8% | $35.2M+35.6% | $31.3M-5.2% | $43.6M+32.0% |
| Operating Income | $30.5M-77.5% | $225.3M+20.3% | $42.6M-75.1% | $50.4M-56.4% | $135.3M-35.6% | $187.3M+74.2% | $171.0M+8.4% | $115.5M-42.5% |
| Interest Expense | $36.2M-9.5% | $40.6M+0.2% | $41.4M+4.4% | $40.5M+62.3% | $40.0M+233.4% | $40.5M+130.7% | $39.7M+172.1% | $25.0M+91.9% |
| Income Tax | $16.3M-71.5% | $72.9M+80.5% | -$72.8M-361.9% | $31.7M+0.4% | $57.1Mn/m | $40.4Mn/m | $27.8Mn/m | $31.6M-38.8% |
| Net Income | -$36.7M-185.6% | $120.7M+11.5% | $86.6M-10.4% | -$21.1M-134.5% | $42.9M-78.0% | $108.3M+13.4% | $96.6M-35.4% | $61.2M-61.3% |
| EPS (Basic) | -$0.23-185.2% | $0.76+11.8% | $0.54-6.9% | -$0.13-131.7% | $0.27-80.3% | $0.68+1.5% | $0.58-45.3% | $0.41-64.0% |
| EPS (Diluted) | -$0.23-185.2% | $0.75+11.9% | $0.55-6.8% | -$0.13-132.5% | $0.27-79.9% | $0.67+1.5% | $0.59-42.7% | $0.40-63.3% |
| Diluted Shares (Avg) | 160M-1.2% | 162M-0.2% | N/A | 159M+3.9% | 162M+10.6% | 162M+11.5% | N/A | 153M+5.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA.
NE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B-5.6% | $7.5B-5.5% | $7.5B-5.5% | $7.6B-4.9% | $7.7B+37.2% | $7.9B+45.5% | $8.0B+44.6% | $8.0B+52.5% |
| Current Assets | $1.2B-8.8% | $1.4B-0.6% | $1.3B-8.4% | $1.4B-3.3% | $1.3B+30.6% | $1.4B+48.6% | $1.4B+30.8% | $1.4B+36.8% |
| Cash & Equivalents | $456.2M+34.9% | $662.6M+118.2% | $471.4M+90.6% | $477.9M+22.0% | $338.2M+107.7% | $303.8M+43.0% | $247.3M-31.5% | $391.9M+60.1% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $547.8M-28.1% | $595.9M-21.2% | $589.6M-26.0% | $678.3M-9.8% | $761.7M+19.6% | $756.3M+28.1% | $797.0M+45.2% | $752.3M+17.8% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $2.8B-9.3% | $2.9B-11.1% | $3.0B-10.0% | $3.1B-7.3% | $3.0B+89.7% | $3.3B+113.5% | $3.3B+108.9% | $3.4B+133.3% |
| Current Liabilities | $613.8M-14.3% | $719.4M-21.8% | $759.7M-19.2% | $779.3M-13.5% | $716.0M+12.4% | $920.0M+52.5% | $940.4M+46.5% | $900.5M+74.6% |
| Non-Current Liabilities | $2.1B-7.8% | $2.2B-6.9% | $2.2B-6.4% | $2.3B-5.1% | $2.3B+140.7% | $2.3B+153.6% | $2.4B+151.2% | $2.4B+166.2% |
| Long-Term Debt | $1.9B-4.5% | $1.9B-3.1% | $2.0B-0.2% | $2.0B-0.2% | $2.0B+218.0% | $2.0B+237.3% | $2.0B+237.8% | $2.0B+238.2% |
| Total Equity | $4.5B-3.1% | $4.6B-1.5% | $4.5B-2.2% | $4.5B-3.2% | $4.6B+16.1% | $4.7B+19.0% | $4.7B+18.6% | $4.7B+22.2% |
| Retained Earnings | $207.8M-45.5% | $324.8M-22.6% | $286.6M-30.3% | $280.1M-37.1% | $381.5M-40.8% | $419.6M-27.5% | $411.2M-24.0% | $445.1M-4.2% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
NE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $144.2M-33.4% | $273.3M+0.8% | $187.1M+37.4% | $277.1M-2.3% | $216.4M+102.6% | $271.1M+110.6% | $136.2M-52.6% | $283.8M+104.5% |
| Stock-Based Compensation | N/A | $9.5M+35.0% | N/A | N/A | N/A | $7.1M-6.5% | N/A | N/A |
| Capital Expenditures | $204.5M+75.4% | $103.9M-8.5% | $151.7M+7.9% | $137.7M+8.4% | $116.6M-17.3% | $113.5M-31.9% | $140.7M-0.6% | $127.0M+28.8% |
| Free Cash Flow | -$60.4M-160.5% | $169.4M+7.6% | $35.4Mn/m | $139.5M-11.0% | $99.8Mn/m | $157.5Mn/m | -$4.4M-103.0% | $156.8M+290.3% |
| Investing Cash Flow | -$202.9Mn/m | $102.5Mn/m | -$106.4Mn/m | -$52.0Mn/m | -$93.6Mn/m | -$98.1Mn/m | -$145.2Mn/m | -$514.0Mn/m |
| Financing Cash Flow | -$151.4Mn/m | -$189.2Mn/m | -$85.3Mn/m | -$86.1M-118.4% | -$86.1Mn/m | -$116.5Mn/m | -$143.8Mn/m | $466.8Mn/m |
| Dividends Paid | $79.5M0.0% | $83.7M+2.8% | $79.9M+0.3% | $79.5M-2.5% | $79.5M-38.8% | $81.4M+37.0% | $79.7M+41.2% | $81.6M+86.7% |
| Share Buybacks | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0n/m | $20.0Mn/m | $50.0M+237.2% | $250.0M+2400.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization.
NE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 4.2%-11.7pp | 28.7%+7.3pp | 5.6%-12.9pp | 6.3%-8.1pp | 15.9%-14.4pp | 21.4%+4.5pp | 18.4%-6.1pp | 14.4%-14.4pp |
| Net Margin | -5.1%-10.2pp | 15.4%+3.0pp | 11.3%+0.9pp | -2.6%-10.3pp | 5.1%-23.1pp | 12.4%-2.6pp | 10.4%-12.9pp | 7.6%-15.1pp |
| Return on Equity | -0.8%-1.8pp | 2.6%+0.3pp | 1.9%-0.2pp | -0.5%-1.8pp | 0.9%-4.0pp | 2.3%-0.1pp | 2.1%-1.7pp | 1.3%-2.8pp |
| Return on Assets | -0.5%-1.1pp | 1.6%+0.2pp | 1.1%-0.1pp | -0.3%-1.0pp | 0.6%-2.9pp | 1.4%-0.4pp | 1.2%-1.5pp | 0.8%-2.2pp |
| Current Ratio | 1.91+0.1x | 1.99+0.4x | 1.67+0.2x | 1.75+0.2x | 1.80+0.3x | 1.570.0x | 1.48-0.2x | 1.57-0.4x |
| Debt-to-Equity | 0.420.0x | 0.420.0x | 0.430.0x | 0.440.0x | 0.43+0.3x | 0.42+0.3x | 0.43+0.3x | 0.42+0.3x |
| Liabilities-to-Equity | 0.610.0x | 0.63-0.1x | 0.66-0.1x | 0.680.0x | 0.66+0.3x | 0.70+0.3x | 0.71+0.3x | 0.72+0.3x |
| Asset Turnover | 0.100.0x | 0.110.0x | 0.100.0x | 0.100.0x | 0.110.0x | 0.110.0x | 0.120.0x | 0.100.0x |
| FCF Margin | -8.4%-20.2pp | 21.6%+3.6pp | 4.6%+5.1pp | 17.5%-2.1pp | 11.8%+16.7pp | 18.0%+24.0pp | -0.5%-23.2pp | 19.6%+13.8pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Noble Corporation plc NE | FY2025 | $3.3B | $216.7M | 6.6% | $7.6B | 62/100 |
| Transocean LTD. RIG | FY2025 | $4.0B | -$2.9B | -73.5% | $7.2B | 47/100 |
| Sable Offshore Corp. SOC | FY2025 | $0 | -$410.2M | N/A | $625.5M | — |
| Helmerich & Payne, Inc. HP | FY2025 | $3.7B | -$163.7M | -4.4% | $3.9B | 49/100 |
| Seadrill Limited SDRL | FY2025 | $1.4B | -$77.0M | -5.4% | $3.3B | 44/100 |
| Patterson-UTI Energy Inc PTEN | FY2025 | $4.8B | -$93.6M | -1.9% | $4.6B | 49/100 |
Where Noble Corporation plc Ranks
Frequently Asked Questions
What is Noble Corporation plc's annual revenue?
Noble Corporation plc (NE) reported $3.3B in total revenue for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Noble Corporation plc's revenue growing?
Noble Corporation plc (NE) revenue grew by 7.4% year-over-year, from $3.1B to $3.3B in fiscal year 2025.
Is Noble Corporation plc profitable?
Yes, Noble Corporation plc (NE) reported a net income of $149.6M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $216.7M, with a net profit margin of 6.6%.
How much debt does Noble Corporation plc have?
As of fiscal year 2025, Noble Corporation plc (NE) had $471.4M in cash and equivalents against $2.0B in long-term debt.
What is Noble Corporation plc's operating margin?
Noble Corporation plc (NE) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Noble Corporation plc's net profit margin?
Noble Corporation plc (NE) had a net profit margin of 6.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Noble Corporation plc pay dividends?
Yes, Noble Corporation plc (NE) paid $2.00 per share in dividends during fiscal year 2025.
What is Noble Corporation plc's return on equity (ROE)?
Noble Corporation plc (NE) has a return on equity of 4.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Noble Corporation plc's free cash flow?
Noble Corporation plc (NE) generated $432.2M in free cash flow during fiscal year 2025. This represents a 439.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Noble Corporation plc's operating cash flow?
Noble Corporation plc (NE) generated $951.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Noble Corporation plc's total assets?
Noble Corporation plc (NE) had $7.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Noble Corporation plc's capital expenditures?
Noble Corporation plc (NE) invested $519.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Noble Corporation plc's current ratio?
Noble Corporation plc (NE) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.
What is Noble Corporation plc's debt-to-equity ratio?
Noble Corporation plc (NE) had a debt-to-equity ratio of 0.43 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Noble Corporation plc's liabilities-to-equity ratio?
Noble Corporation plc (NE) had a liabilities-to-equity ratio of 0.66 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Noble Corporation plc's return on assets (ROA)?
Noble Corporation plc (NE) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Noble Corporation plc's P/E ratio?
Noble Corporation plc (NE) trades at 50.9x earnings, its market capitalization divided by $149.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Noble Corporation plc's price-to-sales ratio?
Noble Corporation plc (NE) trades at 2.5x sales, its market capitalization divided by $3.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.6B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Noble Corporation plc's Altman Z-Score?
Noble Corporation plc (NE) has an Altman Z-Score of 2.29, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Noble Corporation plc's Piotroski F-Score?
Noble Corporation plc (NE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Noble Corporation plc's earnings high quality?
Noble Corporation plc (NE) has an earnings quality ratio of 4.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Noble Corporation plc cover its interest payments?
Noble Corporation plc (NE) has an interest coverage ratio of 2.56x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Noble Corporation plc?
Noble Corporation plc (NE) scores 62 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.