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Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.3B | $1.0B | $217M | $432M | 4.8% | 7.4% | -51.7% |
| 2024 | $3.1B | $973M | $448M | $80M | 9.6% | 18.1% | -7.0% |
| 2023 | $2.6B | $766M | $482M | $165M | 12.3% | 83.1% | 185.2% |
| 2022 | $1.4B | $376M | $169M | $107M | 4.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,413.85 | 2,589.02 | 3,057.82 | 3,285.57 |
| Cost Of Revenue | 1,108.40 | 1,845.27 | 2,221.27 | 2,637.41 |
| Gross Profit | 305.44 | 743.75 | 836.55 | 648.16 |
| Operating Expense | 82.18 | 128.41 | 140.50 | 133.15 |
| Operating Income | 223.27 | 615.34 | 696.05 | 515.01 |
| EBITDA | 375.75 | 765.95 | 972.58 | 1,012.61 |
| EBIT | 234.22 | 571.38 | 603.98 | 435.50 |
| Pretax Income | 191.50 | 512.24 | 492.33 | 273.10 |
| Tax Provision | 22.55 | 30.34 | 43.98 | 56.38 |
| Net Income | 168.95 | 481.90 | 448.35 | 216.72 |
| Net Income Common Stockholders | 168.95 | 481.90 | 448.35 | 216.72 |
| Total Expenses | 1,190.58 | 1,973.68 | 2,361.77 | 2,770.56 |
| Interest Expense | 42.72 | 59.14 | 111.65 | 162.40 |
| Interest Income | 14.36 | 18.07 | - | 19.95 |
| Selling General And Administration | 82.18 | 128.41 | 140.50 | 133.15 |
| Normalized EBITDA | 379.16 | 827.98 | 1,064.64 | 1,112.07 |
| Normalized Income | 171.96 | 540.27 | 532.23 | 295.69 |
| Market Cap | 7,900.31 | 7,900.31 | 7,900.31 | 7,900.31 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Noble Corporation plcthis co. | NE | $7.9B | 36.45↑ premium | 1.74 | 4.8% | 9.29 |
| Archrock, Inc. | AROC | $6.6B | 20.30 | 4.39 | 21.6% | 10.54 |
| California Resources Corporation | CRC | $5.6B | 15.83 | 1.56 | 9.9% | 6.23 |
| Magnolia Oil & Gas Corporation | MGY | $5.5B | 17.19 | 2.88 | 16.8% | 6.54 |
| Comstock Resources, Inc. | CRK | $5.0B |
| 11.84 |
| 1.88 |
| 15.9% |
| 5.73 |
| Tidewater Inc. | TDW | $4.4B | 13.11 | 3.21 | 24.5% | 10.26 |
| International Seaways, Inc. | INSW | $3.9B | 12.71 | 1.95 | 15.3% | 8.52 |
| Cactus, Inc. | WHD | $3.9B | 23.74 | 3.21 | 13.5% | 11.78 |
| SM Energy Company | SM | $3.3B | 10.65 | 1.43 | 13.5% | 4.18 |
| Peer Median | - | 14.47 | 2.41 | 15.6% | 7.53 | |