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Noble Corp plc (NE) stock

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NYSE: NE NYSE Oil & Gas Drilling Next results ~February 10, 2027

C Fundamentals grade

Noble Corp plc is a US-listed company in the oil & gas drilling industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 68% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 68% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Noble Corp plc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 22 sales by directors and officers, last 12 monthsInsider trades
  • Funds176 adding, 185 cuttingOf 44 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Noble files

10-Q filed October 27: Noble

Revenue for the twelve months to September 2026 was $3.00bn, down 13.0% on a year earlier, a steeper fall than the 11.1% decline a quarter earlier. That puts it 98 of 108 for growth among the energy companies we cover. Free-cash-flow margin fell to 3.2% from 11.4% a year earlier. Operating margin narrowed to 12.0% from 15.8%.

Our model value for Noble is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 27, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 28: Noble

Revenue for the twelve months to June 2026 came in at $3.00bn, a 13.0% drop on the prior year. That decline accelerated from the 11.1% fall recorded a quarter earlier. Among the 82 energy companies we cover, Noble now ranks 77th for growth. Free-cash-flow margin tells a similar story, sliding to 3.2% from 11.4% a year earlier. Operating margin also narrowed, easing to 12.0% from 15.8%.

10-Q on SEC EDGAR

Where Noble stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.07bn, down 11.1% on a year earlier, a steeper fall than the 3.0% decline a quarter earlier. That puts it 1412 of 1447 for growth among all the companies we cover. Free-cash-flow margin fell to 9.3% from 11.9% a year earlier. Operating margin narrowed to 11.4% from 17.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Noble Corp plc's trailing-twelve-month revenue fell 13.0% year on year, with a free-cash-flow margin of 3.2%. Where it stands out: net margin of 1.8% ranks 2 of 6 oil & gas drilling companies we cover. Where it lags: revenue growth of -13.0% ranks 6 of 6 oil & gas drilling companies we cover.

Our discounted-cash-flow model values the business at ~$26 per share in the base case (~$17–$38 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.0% (-1.9pp vs the prior quarter), the 5th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Noble Corp plc's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 13.0% over the last 12 months.
  • Margins narrowing. Operating margin is down 3.8 points on a year ago.
  • High earnings multiple. The shares trade at 135 times the last 12 months' earnings, so expectations are demanding.
  • Insiders selling. 9 insiders sold $23M of stock over the past 365 days and none bought (61% under pre-set trading plans).
  • Below peers: days sales outstanding. Days sales outstanding of 74 days ranks 5 of 5 oil & gas drilling companies we cover (median 73 days).
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 3.2% ranks 5 of 6 oil & gas drilling companies we cover (median 7.9%).

Latest results: FY2026 Q3

Filed October 27, 2026
Earnings per share
$0.01 against an average estimate of $0.18: missed by 94.6%
Revenue
$729m, down 8.7% on a year earlier
Share reaction
-5.2% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Next report
October 26, 2026; average EPS estimate $0.23

Noble's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.2%
  • 1 week-4.9%
  • 1 month+11.7%
  • This year+66.3%
  • 1 year+62.4%
  • 5 years+101.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3B
Operating margin
12.0%
Net margin
1.8%
EPS (TTM, diluted)
$0.34

Growth

Revenue growth
−13.0%
Change in growth rate
−1.9 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$96.9M
FCF margin
3.2%
Stock pay % of revenue
1.0%

Earnings

Last results
October 26, 2026
Next results (est.)
February 10, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Noble Corp plc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 68% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Noble Corp plc as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$38 ~$30–$48 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$28 ~$21–$39 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$29 ~$25–$36 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Noble Corp plc with Oil & Gas Drilling in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$31.87$41.29$28.25$27.34$45.46
Market value$3.1bn$6.0bn$4.3bn$4.4bn$7.3bn
+ Net debt (− = net cash)$197m$225m$1.7bn$1.5bn$1.6bn
Enterprise value$3.3bn$6.2bn$6.0bn$5.9bn$8.8bn
Multiples
Price / sales 2.2x2.3x1.4x1.3x2.4x
Price / earnings 18.4x12.4x9.6x20.2x135.4x
Price / free cash flow 29.2x36.4x53.4x10.1x75.0x
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Noble's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Net income has been a median 6.2% of total assets over 5 years.

  • Durability 15 / 20

    Operating margin has been a median 20.2%; its worst year was 12.0%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 4 of 5 years, at a median 4.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.50 −25% $2.9bn −12%
Next $1.98 +293% $3.2bn +10%

Next year's EPS estimate has moved −17.5% in 90 days, across 9 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.18 $0.01 −94.6%
Mar 2026 $0.21 $0.26 +26.2%
Dec 2025 $0.15 $0.09 −41.1%
Sept 2025 $0.30 $0.19 −35.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

12 analysts, Oct 2026
Buy433%
Hold867%
Sell00%

Monthly trend

  1. Oct 202613812
  2. Sep 202614712
  3. Aug 202614611
  4. Jul 202614611

Counts of recommendations published by analysts covering Noble Corp plc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.1%
of tradable shares
Days to cover
12.04
at average volume
Short interest, 1 month
−2%
to September 30, 2026
Held by institutions
86%
of shares
Held by insiders
20.7%
of shares
Employees
4,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +62.4%

$28.00 on October 31, 2025 to $45.46

ThenNowEffect
Revenue (last 12 months) $3.5bn $3.1bn −11.1%
Net margin 9.0% 4.9% −45.6%
P/E multiple 14.5x 48.5x +235.4%
Share count 160m 160m 0.0%

Biggest factor: p/e multiple.

Last 3 years +6.4%

$42.72 on November 3, 2023 to $45.46

ThenNowEffect
Revenue (last 12 months) $2.2bn $3.1bn +40.9%
Net margin 15.7% 4.9% −69.0%
P/E multiple 14.3x 48.5x +239.9%
Share count 114m 160m −28.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
NE+52%+30%−32%−3%+66%
Industry peers (median)+96%+1%−30%−5%+51%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
NE67%50%33%58%64%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
NE−38%−22%−41%−46%−31%
S&P 500−25%−10%−8%−19%−9%

Worst fall since June 9, 2021: 63% from September 12, 2023 to April 4, 2025. Getting back needed a 172% gain, reached on March 17, 2026, 347 days after the low.

Price behaviour

52-week range
$27.08 – $53.23
From 52-week high
−14.6%
vs 50-day average
+2.2%
vs 200-day average
+3.4%
Volatility (1 year)
42%
Beta vs S&P 500
0.10

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.7%
After a week
6 up, 6 down
typical move ±6.2%
After a month
6 up, 5 down
typical move ±9.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 −5.2% +1.3% −4.7% —
July 27, 2026 −9.4% +0.3% −6.6% +6.0%
April 27, 2026 +2.9% −0.3% +2.8% −4.3%
February 11, 2026 +1.6% −1.6% +8.1% +11.6%
October 27, 2025 −2.0% +1.4% −2.4% −0.2%
August 5, 2025 +6.1% +0.3% +4.2% +13.3%
April 28, 2025 +7.0% +0.7% +5.6% +19.1%
February 18, 2025 −4.6% +0.5% −7.8% −13.3%
November 5, 2024 +12.5% +3.7% +11.5% +6.3%
July 31, 2024 −3.2% +0.2% −13.5% −17.8%
May 6, 2024 +0.8% +1.1% +3.6% −5.7%
February 22, 2024 −0.7% +2.1% −4.2% +10.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Noble Corp plc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Noble Corp plc
$2.5B $3B $3.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.6B Revenue (TTM), FY24 Q2: $2.7B Revenue (TTM), FY24 Q3: $2.8B Revenue (TTM), FY24 Q4: $3.1B Revenue (TTM), FY25 Q1: $3.3B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.4B Revenue (TTM), FY25 Q4: $3.3B Revenue (TTM), FY26 Q1: $3.2B Revenue (TTM), FY26 Q2: $3.1B Revenue (TTM), FY26 Q3: $3B $3B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.6B
FY24 Q1 $2.6B
FY24 Q2 $2.7B
FY24 Q3 $2.8B
FY24 Q4 $3.1B
FY25 Q1 $3.3B
FY25 Q2 $3.5B
FY25 Q3 $3.4B
FY25 Q4 $3.3B
FY26 Q1 $3.2B
FY26 Q2 $3.1B
FY26 Q3 $3B
Revenue growth, TTM YoY Noble Corp plc
-50% 0% 50% 100% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 83.1% Revenue growth, TTM YoY, FY24 Q1: 44.2% Revenue growth, TTM YoY, FY24 Q2: 22.7% Revenue growth, TTM YoY, FY24 Q3: 8.0% Revenue growth, TTM YoY, FY24 Q4: 18.1% Revenue growth, TTM YoY, FY25 Q1: 26.0% Revenue growth, TTM YoY, FY25 Q2: 29.2% Revenue growth, TTM YoY, FY25 Q3: 24.3% Revenue growth, TTM YoY, FY25 Q4: 7.4% Revenue growth, TTM YoY, FY26 Q1: -3.0% Revenue growth, TTM YoY, FY26 Q2: -11.1% Revenue growth, TTM YoY, FY26 Q3: -13.0% -13.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 83.1%
FY24 Q1 44.2%
FY24 Q2 22.7%
FY24 Q3 8.0%
FY24 Q4 18.1%
FY25 Q1 26.0%
FY25 Q2 29.2%
FY25 Q3 24.3%
FY25 Q4 7.4%
FY26 Q1 -3.0%
FY26 Q2 -11.1%
FY26 Q3 -13.0%
Operating margin (TTM) Noble Corp plc
10% 15% 20% 25% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 22.2% Operating margin (TTM), FY24 Q1: 22.0% Operating margin (TTM), FY24 Q2: 25.3% Operating margin (TTM), FY24 Q3: 21.3% Operating margin (TTM), FY24 Q4: 19.8% Operating margin (TTM), FY25 Q1: 20.8% Operating margin (TTM), FY25 Q2: 17.6% Operating margin (TTM), FY25 Q3: 15.8% Operating margin (TTM), FY25 Q4: 12.6% Operating margin (TTM), FY26 Q1: 14.2% Operating margin (TTM), FY26 Q2: 11.4% Operating margin (TTM), FY26 Q3: 12.0% 12.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 22.2%
FY24 Q1 22.0%
FY24 Q2 25.3%
FY24 Q3 21.3%
FY24 Q4 19.8%
FY25 Q1 20.8%
FY25 Q2 17.6%
FY25 Q3 15.8%
FY25 Q4 12.6%
FY26 Q1 14.2%
FY26 Q2 11.4%
FY26 Q3 12.0%
FCF margin (TTM) Noble Corp plc
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 6.4% FCF margin (TTM), FY24 Q1: 9.7% FCF margin (TTM), FY24 Q2: 4.3% FCF margin (TTM), FY24 Q3: 8.3% FCF margin (TTM), FY24 Q4: 2.6% FCF margin (TTM), FY25 Q1: 8.4% FCF margin (TTM), FY25 Q2: 11.9% FCF margin (TTM), FY25 Q3: 11.4% FCF margin (TTM), FY25 Q4: 13.2% FCF margin (TTM), FY26 Q1: 13.9% FCF margin (TTM), FY26 Q2: 9.3% FCF margin (TTM), FY26 Q3: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.4%
FY24 Q1 9.7%
FY24 Q2 4.3%
FY24 Q3 8.3%
FY24 Q4 2.6%
FY25 Q1 8.4%
FY25 Q2 11.9%
FY25 Q3 11.4%
FY25 Q4 13.2%
FY26 Q1 13.9%
FY26 Q2 9.3%
FY26 Q3 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Noble took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.3B
  2. Selling, general and admin $133M · 4.1%
  3. Other operating costs $2.7B · 83.3%
  4. Operating income $416M · 12.6%
  5. Income tax $56.4M · 1.7%
  6. Interest and other $142M · 4.3%
  7. Net income $217M · 6.6%

Shares of revenue. Source: Noble's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 964 1,414 2,589 3,058 3,286 2,999
Operating income −4,077 229 575 604 416 358
Net income −3,978 169 482 448 217 54
Diluted EPS −$15.86 $1.73 $3.32 $2.96 $1.35 $0.34
Growth (year on year)
Revenue — +46.6% +83.1% +18.1% +7.4% −13.0%
Operating income — — +151.2% +5.1% −31.2% −34.1%
Net income — — +185.2% −7.0% −51.7% −76.3%
Diluted EPS — — +91.9% −10.8% −54.4% −76.1%
Margins
Operating margin −422.8% 16.2% 22.2% 19.8% 12.6% 12.0%
Net margin −412.6% 11.9% 18.6% 14.7% 6.6% 1.8%
Free-cash-flow margin 12.9% 7.5% 6.4% 2.6% 13.2% 3.2%
Cash flow
Cash from operations 273 281 574 655 952 749
Capital spending 149 174 410 575 520 652
Free cash flow 124 107 165 80 432 97
Stock-based pay 9 35 38 44 31 30
Free cash flow after stock pay 115 71 127 36 402 67
Balance sheet
Cash 365 476 361 247 471 337
Total debt 0 673 586 1,980 1,976 1,889
Net debt (negative = net cash) −365 197 225 1,733 1,504 1,551
Diluted shares 251m 98m 145m 152m 160m 160m
Returned to shareholders
Dividends — 0 99 278 320 323
Buybacks 0 15 95 300 20 0
Total returned 0 15 194 578 340 323

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $7.2bn
Short-term assets $1.3bnLonger-term assets $5.9bn
What it owes, and who funded it · $7.2bn
Short-term liabilities $717mLonger-term liabilities $2.2bnShareholders' equity $4.3bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $717m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $2.2bn of longer-dated liabilities.
  • More cash than debt $337m of cash against $1.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 44% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 15% to 44% over five years.
  • A year's operating cash flow covers at least 20% of debt $749m of operating cash flow against $1.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $358m against $153m of interest.

From Noble Corp plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$323M
Returned to shareholders
333%
of free cash flow
Buybacks, last 3 fiscal years
$415M
Diluted share count
−0.8%
year over year
Total shareholder yield
4.5%
dividends 4.5% + buybacks 0.0% of market value
Dividend payout ratio
602%
of net income paid out
Days sales outstanding
74 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas drilling
Last 12 months unless stated NE HP PTEN SDRL PDS BORR Median
Revenue, last 12 months $3.0bn $4.0bn $4.8bn $1.5bn $1.3bn $1.0bn $2.3bn
Revenue growth, last 12 months −13.0% 16.6% 0.0% 13.1% −5.0% 1.0% 0.5%
Revenue growth, 3-year average 5.3% 12.0% 13.0% — — — 12.0%
Revenue growth, latest quarter −8.7% −0.6% 14.1% 19.1% — — 6.8%
Operating margin 12.0% 2.3% 0.9% 7.8% 31.5% 31.6% 9.9%
Operating margin, 3-year average 16.3% 7.3% −4.5% −151.2% — <−999% −4.5%
Net margin 1.8% −3.4% −0.5% 0.1% 0.1% 4.4% 0.1%
Cash from operations / revenue 25.0% 14.5% 16.9% −3.4% 22.4% 24.7% 19.7%
Free-cash-flow margin 3.2% 7.9% 5.5% −21.0% 8.1% 16.0% 6.7%
Free-cash-flow margin, 3-year average 7.6% 5.8% 7.1% −32.1% 5.3% <−999% 5.5%
Stock pay / revenue 1.0% 0.9% 0.7% 1.1% — 1.1% 1.0%
Change in share count −0.8% 0.5% −1.3% −2.3% −6.3% 4.0% −1.1%

Median of all 6 companies we cover in oil & gas drilling. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

6 oil & gas drilling companies
Measure Company Peer median Rank
Revenue growth Growth -13.0% 1.0% 6 of 6
Change in growth rate Growth -1.9pp -1.7pp 4 of 6
Operating margin Profitability 12.0% 7.8% 2 of 5
Net margin Profitability 1.8% 0.1% 2 of 6
Free-cash-flow margin Cash generation 3.2% 7.9% 5 of 6
Stock pay as % of revenue Cash generation 1.0% 1.0% 3 of 5
Long-term debt as % of assets Balance sheet 26.4% 26.4% 4 of 6
Change in share count Balance sheet -0.8% -0.8% 4 of 6
Days sales outstanding Balance sheet 74 days 73 days 5 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Oil and Gas Service $3.1B 94.6% ▲ 6.5%
Floaters $2.6B 82.6% ▲ 9.3%
Jackups $540M 17.4% ▼ 5.2%
Other services $178M 5.4% ▲ 28.3%

From Noble Corp plc's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.2B
Institutions reporting
370
Shares held vs prior quarter
▲ 8.9%
Positions opened / closed
49 / 56

Top buyers and sellers, Q2 2026: 176 institutions bought and 185 sold ; the biggest buyer was First Eagle Investment Management, LLC (+14.4M shares) and the biggest seller Sourcerock Group LLC (−2.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
First Eagle Investment Management, LLC $1B 27.9M 20.0% ▲ 105.8%
Blackrock, Inc. $734M 19.7M 14.1% ▲ 3.6%
Vanguard Portfolio Management LLC $302M 8.1M 5.8% ▲ 1.1%
Dimensional Fund Advisors LP $267M 7.2M 5.1% ▲ 4.4%
Vanguard Capital Management LLC $214M 5.7M 4.1% ▲ 0.9%
State Street Corp $202M 5.4M 3.9% ▲ 4.1%
FMR LLC $196M 5.3M 3.8% ▼ 4.8%
American Century Companies Inc $160M 4.3M 3.1% ▲ 10.4%
Geode Capital Management, LLC $135M 3.6M 2.6% ▲ 17.1%
T. Rowe Price Investment Management, Inc. $118M 3.2M 2.3% ▲ 1.1%
Capital World Investors $110M 2.9M 2.1% ▲ 2.0%
Neuberger Berman Group LLC $91M 2.4M 1.7% ▼ 0.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Noble Corp plc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $22.9M 22 trades by 9 insiders · 61% under pre-set plans
Net ▼ $22.9M net selling
Insider Date Trade Shares Price Value
Eifler Robert W. President & CEO June 15, 2026 Sell pre-set plan 32,929 $45.40 $1.5M
Eifler Robert W. President & CEO June 15, 2026 Sell pre-set plan 17,071 $45.71 $780,315
Hirshberg Al J. Director May 15, 2026 Sell 1,500 $52.60 $78,900
Hirshberg Al J. Director May 15, 2026 Sell 3,500 $52.63 $184,205
Sledge Charles M Director May 12, 2026 Sell 724 $51.61 $37,366
Denton Blake SVP, Marketing & Contracts May 6, 2026 Sell 30,000 $49.31 $1.5M
Kawaja Joey M SVP, Operations May 5, 2026 Sell 40,000 $49.86 $2M
Howard Jennie SVP, Gen. Counsel & Corp. Sec. April 30, 2026 Sell 2,486 $51.08 $126,985
Alting Caroline SVP, Ops. Excellence & Sust April 28, 2026 Sell 15,340 $52.75 $809,185
Eifler Robert W. President & CEO March 18, 2026 Sell pre-set plan 27,247 $47.11 $1.3M
Eifler Robert W. President & CEO March 18, 2026 Sell pre-set plan 72,753 $46.43 $3.4M
Barker Richard B. EVP and CFO March 18, 2026 Sell pre-set plan 47,161 $47.07 $2.2M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

No trades in Noble Corp plc disclosed in the last 12 months; 3 earlier trades on record.

  • Thomas J. Rooney(FL):Sale (full), $1,001 - $15,000, traded December 2, 2015, filed January 16, 2017
  • Thomas J. Rooney(FL):Purchase, $1,001 - $15,000, traded November 12, 2015, filed January 16, 2017
  • Thomas J. Rooney(FL):Purchase, $1,001 - $15,000, traded October 15, 2015, filed January 16, 2017

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • February 11, 2026
  • October 27, 2025
  • August 5, 2025

Recent SEC filings

Data status

When each part of this page on Noble Corp plc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Noble Corp plc in brief

What does Noble Corp plc do?
Noble Corp plc is a US-listed company in the oil & gas drilling industry. Its financial year ends in December.
What is Noble Corp plc's stock ticker?
Noble Corp plc trades under the ticker NE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Noble Corp plc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Noble Corp plc reported revenue of $3B, 13.0% lower than a year earlier, according to its SEC filings.
What is Noble Corp plc's free cash flow?
Noble Corp plc's free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 5 of the 6 oil & gas drilling companies we cover.
Who are Noble Corp plc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are First Eagle Investment Management, LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Noble Corp plc buying back stock, and does it pay a dividend?
Noble Corp plc spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Noble Corp plc's market cap?
On November 2, 2026, Noble Corp plc's market capitalisation was about $7.3B, with a price-to-earnings ratio of 135.4 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
Does Noble Corp plc pay a dividend?
Yes: Noble Corp plc paid $323M in dividends over the trailing twelve months, a dividend yield of 4.45% and a payout ratio of 602.0%.
How much debt does Noble Corp plc have?
Noble Corp plc's debt-to-equity ratio is 44.0%, from its latest balance sheet (14.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Noble Corp plc's competitors?
In our Oil & Gas Drilling peer group, the companies closest to Noble Corp plc are Helmerich & Payne, Inc., Patterson UTI Energy Inc, Seadrill Ltd, Precision Drilling Corp and Borr Drilling Ltd. The side-by-side comparison below sets their revenue, margins and growth against Noble Corp plc's.
Are insiders buying or selling Noble Corp plc stock?
Over the last 12 months, Noble Corp plc's directors and officers reported 0 open-market purchases and 22 sales on Form 4. The insider trading page charts every trade.
When is Noble Corp plc's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Noble Corp plc announces its own schedule.