Noble Corp Financials
This page shows Noble Corp (NE) financial statements, including the 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Noble Corp 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 50/100, indicating healthy but not exceptional operating efficiency. This is down from 19.8% the prior year.
Noble Corp's revenue grew 7.4% year-over-year to $3.3B, a solid pace of expansion. This earns a growth score of 46/100.
Noble Corp 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 93/100, indicating a strong balance sheet with room for future borrowing.
Noble Corp's current ratio of 1.67 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.
Noble Corp generates a 4.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is down from 9.6% the prior year.
Noble Corp scores 2.34, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($7.9B) relative to total liabilities ($3.0B). This signals moderate financial risk that warrants monitoring.
Noble Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Noble Corp 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 Corp earns $2.6 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 Corp generated $3.3B in revenue in fiscal year 2025. This represents an increase of 7.4% from the prior year.
Noble Corp reported $216.7M in net income in fiscal year 2025. This represents a decrease of 51.7% from the prior year.
Noble Corp earned $1.35 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 54.4% from the prior year.
Cash & Balance Sheet
Noble Corp held $471.4M in cash against $2.0B in long-term debt as of fiscal year 2025.
Noble Corp paid $2.00 per share in dividends in fiscal year 2025. This represents an increase of 11.1% from the prior year.
Noble Corp had 159M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Noble Corp's operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is down 7.1 percentage points from the prior year.
Noble Corp's net profit margin was 6.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.1 percentage points from the prior year.
Noble Corp's ROE was 4.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.9 percentage points from the prior year.
Capital Allocation
Noble Corp spent $20.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 93.3% from the prior year.
NE Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $764.4M-4.2% | $798.0M-6.0% | $848.7M-3.0% | $874.5M-5.7% | $927.3M+15.8% | $800.5M+15.5% | $692.8M+8.8% | $637.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $29.7M-10.9% | $33.3M-4.8% | $35.0M-0.7% | $35.2M+12.6% | $31.3M-28.3% | $43.6M+9.9% | $39.7M+52.8% | $26.0M |
| Operating Income | $42.6M-15.6% | $50.4M-62.7% | $135.3M-27.8% | $187.3M+9.6% | $171.0M+48.1% | $115.5M-45.0% | $210.0M+95.2% | $107.5M |
| Interest Expense | $41.4M+2.4% | $40.5M+1.2% | $40.0M-1.2% | $40.5M+1.9% | $39.7M+59.2% | $25.0M+108.0% | $12.0M-31.6% | $17.5M |
| Income Tax | -$72.8M-329.6% | $31.7M-44.4% | $57.1M+41.3% | $40.4M+45.3% | $27.8M-12.0% | $31.6M+704.6% | -$5.2M+48.8% | -$10.2M |
| Net Income | $86.6M+510.7% | -$21.1M-149.2% | $42.9M-60.4% | $108.3M+12.1% | $96.6M+57.9% | $61.2M-68.6% | $195.0M+104.2% | $95.5M |
| EPS (Diluted) | N/A | $-0.13-148.1% | $0.27-59.7% | $0.67 | N/A | $0.40-70.1% | $1.34+103.0% | $0.66 |
NE Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.5B-1.4% | $7.6B-0.4% | $7.7B-3.1% | $7.9B-0.7% | $8.0B-0.9% | $8.0B+43.8% | $5.6B+2.8% | $5.4B |
| Current Assets | $1.3B-6.8% | $1.4B+5.8% | $1.3B-10.7% | $1.4B+3.9% | $1.4B-1.5% | $1.4B+42.9% | $986.9M+1.6% | $971.1M |
| Cash & Equivalents | $471.4M-1.4% | $477.9M+41.3% | $338.2M+11.3% | $303.8M+22.8% | $247.3M-36.9% | $391.9M+140.6% | $162.9M-23.4% | $212.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $589.6M-13.1% | $678.3M-11.0% | $761.7M+0.7% | $756.3M-5.1% | $797.0M+5.9% | $752.3M+18.1% | $637.0M+7.9% | $590.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0B-4.0% | $3.1B+2.2% | $3.0B-6.6% | $3.3B-1.9% | $3.3B-1.1% | $3.4B+109.1% | $1.6B+5.2% | $1.5B |
| Current Liabilities | $759.7M-2.5% | $779.3M+8.8% | $716.0M-22.2% | $920.0M-2.2% | $940.4M+4.4% | $900.5M+41.4% | $637.0M+5.6% | $603.4M |
| Long-Term Debt | $2.0B-0.1% | $2.0B-0.1% | $2.0B0.0% | $2.0B-0.1% | $2.0B-0.1% | $2.0B+218.5% | $622.1M+6.0% | $586.6M |
| Total Equity | $4.5B+0.3% | $4.5B-2.0% | $4.6B-0.6% | $4.7B+0.1% | $4.7B-0.7% | $4.7B+17.6% | $4.0B+1.8% | $3.9B |
| Retained Earnings | $286.6M+2.3% | $280.1M-26.6% | $381.5M-9.1% | $419.6M+2.0% | $411.2M-7.6% | $445.1M-30.9% | $643.9M+11.2% | $578.9M |
NE Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $187.1M-32.5% | $277.1M+28.1% | $216.4M-20.2% | $271.1M+99.0% | $136.2M-52.0% | $283.8M+165.7% | $106.8M-17.0% | $128.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$106.4M-104.8% | -$52.0M+44.5% | -$93.6M+4.7% | -$98.1M+32.4% | -$145.2M+71.7% | -$514.0M-285.9% | -$133.2M+20.1% | -$166.6M |
| Financing Cash Flow | -$85.3M+1.0% | -$86.1M-0.1% | -$86.1M+26.1% | -$116.5M+19.0% | -$143.8M-130.8% | $466.8M+2213.9% | -$22.1M+80.4% | -$112.8M |
| Dividends Paid | $79.9M+0.5% | $79.5M0.0% | $79.5M-2.3% | $81.4M+2.2% | $79.7M-2.3% | $81.6M-37.2% | $129.9M+118.7% | $59.4M |
| Share Buybacks | $0 | $0 | $0-100.0% | $20.0M-60.0% | $50.0M-80.0% | $250.0M | $0 | $0 |
NE Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 5.6%-0.8pp | 6.3%-9.6pp | 15.9%-5.5pp | 21.4%+3.0pp | 18.4%+4.0pp | 14.4%-15.9pp | 30.3%+13.4pp | 16.9% |
| Net Margin | 11.3%+14.0pp | -2.6%-7.7pp | 5.1%-7.3pp | 12.4%+2.0pp | 10.4%+2.8pp | 7.6%-20.5pp | 28.1%+13.2pp | 15.0% |
| Return on Equity | 1.9%+2.4pp | -0.5%-1.4pp | 0.9%-1.4pp | 2.3%+0.3pp | 2.1%+0.8pp | 1.3%-3.6pp | 4.9%+2.4pp | 2.4% |
| Return on Assets | 1.1%+1.4pp | -0.3%-0.8pp | 0.6%-0.8pp | 1.4%+0.2pp | 1.2%+0.4pp | 0.8%-2.7pp | 3.5%+1.7pp | 1.8% |
| Current Ratio | 1.67-0.1 | 1.75-0.0 | 1.80+0.2 | 1.57+0.1 | 1.48-0.1 | 1.57+0.0 | 1.55-0.1 | 1.61 |
| Debt-to-Equity | 0.430.0 | 0.440.0 | 0.430.0 | 0.420.0 | 0.430.0 | 0.42+0.3 | 0.160.0 | 0.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Noble Corp's annual revenue?
Noble Corp (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 Corp's revenue growing?
Noble Corp (NE) revenue grew by 7.4% year-over-year, from $3.1B to $3.3B in fiscal year 2025.
Is Noble Corp profitable?
Yes, Noble Corp (NE) reported a net income of $216.7M in fiscal year 2025, with a net profit margin of 6.6%.
How much debt does Noble Corp have?
As of fiscal year 2025, Noble Corp (NE) had $471.4M in cash and equivalents against $2.0B in long-term debt.
What is Noble Corp's operating margin?
Noble Corp (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 Corp's net profit margin?
Noble Corp (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 Corp pay dividends?
Yes, Noble Corp (NE) paid $2.00 per share in dividends during fiscal year 2025.
What is Noble Corp's return on equity (ROE)?
Noble Corp (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 Corp's operating cash flow?
Noble Corp (NE) generated $951.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Noble Corp's total assets?
Noble Corp (NE) had $7.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Noble Corp's current ratio?
Noble Corp (NE) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.
What is Noble Corp's debt-to-equity ratio?
Noble Corp (NE) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Noble Corp's return on assets (ROA)?
Noble Corp (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 Corp's Altman Z-Score?
Noble Corp (NE) has an Altman Z-Score of 2.34, 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 Corp's Piotroski F-Score?
Noble Corp (NE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Noble Corp's earnings high quality?
Noble Corp (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 Corp cover its interest payments?
Noble Corp (NE) has an interest coverage ratio of 2.6x, 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 Corp?
Noble Corp (NE) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.