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Noble Corporation PLC

NE Energy Oil & Gas Drilling

Noble Corporation PLC’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 7.45% from fiscal 2024. In the quarter to June 2026, revenue fell 15.2%, EPS fell 185.2%, free cash flow fell 152.1% and total debt fell 4.53%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three.

44.08 1.17 +2.73%
Market cap
$6.9B
P/E
46.4×
Fwd P/E
29.7×
Dividend yield
4.54%
F-score
5/9
Altman Z
1.66
Beneish M
−2.85
Dividend safety
38/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 22.93
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 7 3 2 4 1 — — — —
Insider Ownership 20.04%

Capital & Financial Ratios $m

Market Cap 6,850.00
Revenue 3,067.81
Net Income 149.58
Free Cash Flow 621.33
Net Debt 1,432.22
Current Ratio 1.91 (at or above 1.5: strong)
Debt/Equity 0.42 (at or below 0.5: strong)
P/E ratio 46.40 (above 35: high)
Fwd P/E 29.70
P/S ratio 2.29
P/B ratio 1.57
Past 5Y EPS Growth —
This Y EPS Growth (18.05%) (below 0%: weak)
Next Y EPS Growth 285.00% (at or above 15%: strong)
Next Y revenue growth (12.13%) (below 0%: weak)
Next 5Y EPS Growth 74.50% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 2.6×; over the ten years it ranged from 1.6× in 2025 to 7.2× in 2021.
P/E against its own 10 years 97.59%
10-year low 10-year high
P/S against its own 10 years 54.98%
10-year low 10-year high
P/B against its own 10 years 69.69%
10-year low 10-year high
EV/Sales against its own 10 years 70.88%
10-year low 10-year high
EV/FCF against its own 10 years 37.68%
10-year low 10-year high

Dividends

Payout Ratio 2.15
Annual Dividend Rate 2.00
Annual Dividend Yield 4.54%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.00
0.50
0.50
0.50
2025 2.00
0.50
0.50
0.50
0.50
2024 1.80
0.40
0.40
0.50
0.50
2023 0.70
0.30
0.40
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2016 0.19
0.15
0.02
0.02
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 361 247 471 456
Receivables 589 853 668 607
Inventory — — — —
Other — — — —
1,062 1,389 1,272 1,175
2023 2024 2025 Q'26
Payables 395 398 299 324
ST’ Debt — — — —
Other 82 311 260 157
642 940 760 614

Compound Annual Growth %

10y 5y 3y
Sales (0.20%) 27.79% 32.46%
Cash Flow (5.99%) 28.35% 50.18%
Earnings (8.22%) 0.00% 8.65%
Book Value (4.78%) 0.00% 8.04%

Revenue $m

Mar Jun Sep Dec Year
’26 786 720 — — —
’25 874 849 798 764 3,286
’24 637 693 801 927 3,058
’23 610 639 697 643 2,589
’22 210 275 306 623 1,414
’21 170 219 250 208 848
’20 281 238 242 203 964
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 273 144 — — —
’25 271 216 277 187 952
’24 129 107 284 136 655
’23 (63) 211 139 287 574
’22 (52) 88 74 171 281
’21 (27) 65 (59) 28 6
’20 (1) 49 188 37 273
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 376 (60) — — —
’25 158 116 225 81 579
’24 (38) (35) 162 1 90
’23 (126) 104 40 170 189
’22 (85) 57 44 471 488
’21 (57) 36 (101) 267 145
’20 (37) 16 146 26 152
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.75 (0.23) — — —
’25 0.67 0.27 (0.13) 0.54 1.35
’24 0.66 1.34 0.40 0.59 2.96
’23 0.74 0.45 1.09 1.03 3.32
’22 (0.54) 0.45 0.41 1.41 1.73
’21 4.64 0.30 (0.36) 1.70 5.21
’20 (4.25) (0.17) (0.20) (11.24) (15.86)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 20.34 22.64 34.85 28.40 17.40

Analyst estimates 2026–2028

Powerpack
High — — — — — 29.06 42.08 55.34 52.16 35.06
People
People Employees 2,800 2,000 2,000 2,000 1,500 1,800 3,800 3,600 5,000 4,500
Revenue/emp, $m 0.82 0.62 0.54 0.65 0.64 0.47 0.37 0.72 0.61 0.73
Income, $m
Income, $m Revenue 2,302 1,237 1,083 1,305 964 848 1,414 2,589 3,058 3,286
Gross margin, % 61.87 48.02 41.82 46.51 41.15 19.04 36.55 43.91 44.82 41.70
EBT (967) (450) (1,237) (909) (4,239) 356 192 512 492 273
EBT margin, % (42.01) (36.37) (114.25) (69.64) (439.59) 41.99 13.54 19.79 16.10 8.31
Net income (858) (494) (1,131) (874) (3,978) 352 169 482 448 217
Depreciation 611 548 487 440 374 162 142 195 369 577
Per share, $
Per share, $ Revenue 9.47 5.05 4.39 5.24 3.84 13.42 16.62 18.71 20.56 20.68
Earnings (3.53) (2.02) (4.58) (3.51) (15.86) 6.22 1.99 3.48 3.01 1.36
Cash flow 4.70 1.70 0.70 0.75 1.09 0.10 3.30 4.15 4.41 5.99
Capex (2.82) (0.48) (0.77) (1.03) (0.48) 2.19 2.43 (2.78) (3.80) (2.34)
Free cash flow 1.88 1.22 (0.07) (0.28) 0.60 2.29 5.73 1.37 0.61 3.65
Book value 26.60 24.31 18.87 14.70 (1.24) 23.75 42.41 28.34 31.27 28.63
Shares, m 243 245 247 249 251 63 85 138 149 159
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 3.85 18.14 13.86 10.30 20.61
P/S 1.45 1.45 1.45 1.45 1.45 1.85 2.17 2.58 1.53 1.37
P/B 1.23 1.23 1.23 1.23 1.23 1.04 0.85 1.70 1.00 0.99
EV/Sales 6.41 6.41 6.41 6.41 6.41 1.88 2.31 2.67 2.10 1.83
EV/FCF 41.38 41.38 41.38 41.38 41.38 11.02 6.70 36.58 71.15 10.37
Cash, $m
Cash, $m Operating cash flow 1,143 417 172 187 273 6 281 574 655 952
Capex (687) (118) (189) (256) (122) 138 207 (385) (565) (372)
Free cash flow 456 298 (18) (69) 152 145 488 189 90 579
Balance, $m
Balance, $m Working capital 559 446 294 (95) 384 207 385 420 449 513
Total debt 4,340 4,046 3,877 3,842 7 220 673 586 1,980 1,976
Net debt 3,614 3,383 3,502 3,737 (336) 26 197 225 1,733 1,504
Shareholders’ equity 6,467 5,951 4,655 3,659 (311) 1,501 3,607 3,921 4,651 4,549
Returns, %
Returns, % ROA (7.65) (4.65) (8.82) (7.98) (63.41) 11.12 4.62 8.97 6.66 2.80
ROIC (4.71) (1.11) (7.25) (5.63) 0.00 2.55 3.76 8.66 5.91 4.29
ROE (13.39) (8.32) (16.69) (16.85) (237.69) 59.23 6.62 12.80 10.46 4.71
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Noble Corporation PLC vs peers in Oil & Gas Drilling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NE Noble Corporation PLC $6.9B 46.4× 29.7× −15.20% (below 0%: shrinking) n/m −152.06% (below 0%: shrinking) 37.99% 4.23%
RIG Transocean Ltd. $6.2B — (loss-making) 31.8× −2.23% (below 0%: shrinking) n/m +90.18% (above 0%: growing) 100.00% 15.73% Compare
VAL Valaris Limited $5.8B 6.3× 25.3× −12.35% (below 0%: shrinking) −54.94% (below 0%: shrinking) −159.58% (below 0%: shrinking) 22.94% 9.48% Compare
PTEN Patterson-UTI Energy, Inc. $4.3B — (loss-making) — (loss-making) +0.71% (above 0%: growing) n/m −598.20% (below 0%: shrinking) 22.85% (0.57%) Compare
HP Helmerich & Payne, Inc. $3.8B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.9B 1,575× 123× +19.10% (above 0%: growing) n/m −258.33% (below 0%: shrinking) 52.12% 16.04% Compare
BORR Borr Drilling Limited $1.4B — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13% Compare
NBR Nabors Industries Ltd. $1.2B 5.3× — (loss-making) −2.62% (below 0%: shrinking) n/m +135.53% (above 0%: growing) 37.87% 7.05% Compare
SOC Sable Offshore Corp. $637.0M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.3B 6.3× 31.8× −2.23% — −34.71% 33.69% 8.27%

All 9 Oil & Gas Drilling stocks →

Noble Corporation PLC (NE) key facts

  • Strength: Noble Corporation PLC’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 7.45% from fiscal 2024.
  • Noble Corporation PLC (NE) is an Oil & Gas Drilling company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, NE traded at $44.08, a market capitalization of $6.9 billion.
  • Noble Corporation PLC pays an annual dividend of $2.00 per share, a yield of 4.54%.
  • Return on equity was 4.71% and debt-to-equity 0.42.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.66 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Noble Corporation PLC (NE) Latest News

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stockrow.com/NE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com