Noble Corp vs Seadrill
Noble Corp is the larger business, with $3.29bn of revenue in fiscal 2025 against $1.44bn for Seadrill (2.3 times as much). Noble Corp grew faster (7.4% against 3.8%). Noble Corp kept more of each dollar of sales as profit: a net margin of 6.6% against -5.4%.
| Latest fiscal year | Noble CorpNE, 2025 | SeadrillSDRL, 2025 |
|---|---|---|
| Revenue | $3.29bn | $1.44bn |
| Revenue growth | 7.4% | 3.8% |
| Net income | $217m | −$77.0m |
| Operating margin | 12.6% | — |
| Net margin | 6.6% | -5.4% |
| Return on equity | 4.7% | -2.7% |
| Free cash flow | $432m | −$28.0m |
| Cash | $471m | $339m |
| Total debt | $1.98bn | $625m |
| Debt to equity | 43.4% | — |
| Dividend per share | $2.00 | — |
| Dividend yield | 4.5% | — |
| Share buybacks | $20.0m | $0 |
| Employees | — | 3,000 |
| Market value | $7.08bn | $3.04bn |
| Price vs our value range | Above our value range | — |
| Moat score | 56 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 22 sales | 0 buys, 6 sales |