Noble Corp vs Patterson UTI Energy
Patterson UTI Energy is the larger business, with $4.83bn of revenue in fiscal 2025 against $3.29bn for Noble Corp (1.5 times as much). Noble Corp grew faster (7.4% against -10.3%). Noble Corp kept more of each dollar of sales as profit: a net margin of 6.6% against -1.9%. Patterson UTI Energy carries less debt relative to equity (38.1% against 43.4%).
| Latest fiscal year | Noble CorpNE, 2025 | Patterson UTI EnergyPTEN, 2025 |
|---|---|---|
| Revenue | $3.29bn | $4.83bn |
| Revenue growth | 7.4% | -10.3% |
| Net income | $217m | −$93.6m |
| Operating margin | 12.6% | -0.8% |
| Net margin | 6.6% | -1.9% |
| Return on equity | 4.7% | -2.8% |
| Free cash flow | $432m | $372m |
| Cash | $471m | $419m |
| Total debt | $1.98bn | $1.23bn |
| Debt to equity | 43.4% | 38.1% |
| Dividend per share | $2.00 | $0.32 |
| Dividend yield | 4.5% | 3.2% |
| Share buybacks | $20.0m | $69.6m |
| Employees | — | 7,900 |
| Market value | $7.26bn | $4.48bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 56 (Moderate) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 22 sales | 0 buys, 18 sales |