Noble Corp plc (NE)

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.

Ticker: NE
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas Drilling
Market cap: $6.53B
52-week range: $27.67 - $54.98

Valuation

Share price: $40.87 (close of Nov 6, 2026)
P/E (TTM): 120.21x
Price to book: 1.52x
Price to free cash flow: 8.71x
Enterprise value: $8.08B
Book value per share: $26.86

Price performance

Period	Change
1 day	+2.48%
5 days	-16.59%
1 month	-1.40%
3 months	+0.44%
6 months	-16.73%
Year to date	+44.72%
1 year	+42.06%
3 years	-16.95%
5 years	+46.23%
All time	+65.13%

Short interest

As of: Oct 15, 2026
Short % of float: 13.21%
Shares short: 14.41M
Days to cover: 12.84
Change since prior report: +0.68%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 4.76%
Return on invested capital: 5.50%
Return on assets: 2.88%
Return on capital employed: 6.14%
Gross margin: 16.70%
Net margin: 6.60%
EBITDA margin: 12.65%
Revenue growth: 7.45%
Net income growth: -51.66%
Free cash flow growth: 45.19%

Cash flow and balance sheet

Free cash flow yield (TTM): 11.48%
Current ratio: 1.76x
Net debt to EBITDA: 1.66x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $3.29B
Cost of revenue: $2.74B
Gross profit: $548.70M
EBITDA: $415.55M
Net income: $216.72M
Earnings per share: $1.36
Interest expense: $162.40M
Shares outstanding: 158.87M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$3.29B	$548.70M	$216.72M	$1.36
2024-12-31	$3.06B	$744.48M	$448.35M	$3.01
2023-12-31	$2.59B	$703.12M	$481.90M	$3.48
2022-12-31	$1.41B	$310.95M	$168.95M	$1.99
2020-12-31	$964.27M	-	-$3.98B	-$15.86
2019-12-31	$1.31B	-	-$700.59M	-
2018-12-31	$1.08B	-	-$885.05M	-
2017-12-31	$1.25B	-	-$516.51M	-
2016-12-31	$2.67B	-	-$929.58M	-
2015-12-31	$3.35B	-	$499.79M	-

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	16.70%	6.60%	4.76%	5.50%
2024-12-31	24.35%	14.66%	9.64%	8.44%
2023-12-31	27.16%	18.61%	12.29%	12.08%
2022-12-31	21.99%	11.95%	4.68%	4.82%
2020-12-31	-	-412.59%	-	-
2019-12-31	-	-53.67%	-19.15%	-
2018-12-31	-	-81.74%	-19.01%	-
2017-12-31	-	-41.28%	-8.68%	-
2016-12-31	-	-34.86%	-14.37%	-
2015-12-31	-	14.91%	6.73%	-

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$471.40M	$1.98B
2024-12-31	$247.30M	$1.98B
2023-12-31	$360.79M	$586.20M
2022-12-31	$476.21M	$513.05M
2021-12-31	$194.14M	$212.08M
2020-12-31	$365.03M	-
2019-12-31	$105.92M	$3.77B
2018-12-31	$375.23M	$3.88B
2017-12-31	$662.83M	$3.80B
2016-12-31	$725.72M	$4.04B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$951.68M	$30.51M
2024-12-31	$655.48M	$43.80M
2023-12-31	$574.34M	$37.68M
2022-12-31	$280.99M	$35.25M
2020-12-31	$273.20M	$9.17M

Dividend history

Most recent payment: Sep 3, 2026
Paid in the last twelve months: $2.00

Payment date	Dividend per share
2026-09-03	$0.50
2026-06-04	$0.50
2026-03-04	$0.50
2025-12-04	$0.50
2025-09-04	$0.50
2025-06-05	$0.50
2025-03-05	$0.50
2024-12-05	$0.50

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-26	Sep 2026	$0.20
2026-07-27	Jun 2026	$0.13
2026-04-26	Mar 2026	$0.21
2026-02-11	Dec 2025	$0.15
2025-10-27	Sep 2025	$0.29
2025-08-05	Jun 2025	$0.57
2025-04-28	Mar 2025	$0.31
2025-02-17	Dec 2024	$0.59

Filings and sources

Company website: noblecorp.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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