Noble Corp vs Precision Drilling
Noble Corp is the larger business, with $3.29bn of revenue in fiscal 2025 against $1.32bn for Precision Drilling (2.5 times as much). Noble Corp grew faster (7.4% against -5.0%). Noble Corp kept more of each dollar of sales as profit: a net margin of 6.6% against 0.1%. Precision Drilling carries less debt relative to equity (43.4% against 43.4%).
| Latest fiscal year | Noble CorpNE, 2025 | Precision DrillingPDS, 2025 |
|---|---|---|
| Revenue | $3.29bn | $1.32bn |
| Revenue growth | 7.4% | -5.0% |
| Net income | $217m | $1.3m |
| Operating margin | 12.6% | — |
| Net margin | 6.6% | 0.1% |
| Return on equity | 4.7% | 0.1% |
| Free cash flow | $432m | $107m |
| Cash | $471m | $62.6m |
| Total debt | $1.98bn | $501m |
| Debt to equity | 43.4% | 43.4% |
| Dividend per share | $2.00 | — |
| Dividend yield | 4.5% | — |
| Share buybacks | $20.0m | — |
| Employees | — | — |
| Market value | $7.08bn | $1.24bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 56 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 22 sales | 0 buys, 0 sales |