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Noble Corporation NE Business Segments — Concentration risk (in percent)

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Other financials

Income statement

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Revenue$785.7M-10.2%
Operating income$30.5M-77.5%
Net income-$36.7M-186%
EPS (diluted)-$0.23-185%

Balance sheet

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Cash & equivalents$456.2M+32.1%
Total debt$1.9B-4.5%
Total equity$4.5B-3.1%
Total assets$7.2B-5.6%

Cash flow

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Operating cash flow$144.2M-33.4%
CapEx$204.5M+75.4%
Free cash flow-$60.4M-161%

Valuation

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Market cap$6.37B+46.0%
Enterprise value$7.8B+30.2%
P/E42.6×+28.5×

Profitability

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Operating margin14.2%-6.6pp
Net margin7.2%-6.8pp
FCF margin13.9%+5.4pp

Returns & leverage

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Return on equity3.3%-3.9pp
Debt / equity0.4×0.0×
Current ratio1.9×+0.1×

Where this comes from

Reported directly by Noble Corporation in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: Noble Corporation’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 1:43 PM EST
Fiscal year
FY2025
Accession
0001895262-26-000076
Line itemYear Ended / December 31, 2025Year Ended / December 31, 2024Year Ended / December 31, 2023
Exxon Mobil Corporation (“ExxonMobil”)19.7%22.1%24.5%
BP13.2%(1)(1)
Petrobras12.5%(1)(1)
TotalEnergies(1)(1)10.5%
Shell plc(1)12.3%13.6%

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Noble Corporation's business segments — concentration risk (in percent)?
Noble Corporation (NE) reported business segments — concentration risk (in percent) of 4.9% in Q4 2025.
How has Noble Corporation's business segments — concentration risk (in percent) changed year-over-year?
Noble Corporation's business segments — concentration risk (in percent) decreased by 10.9% year-over-year, from 5.5% to 4.9%.
What is the long-term trend for Noble Corporation's business segments — concentration risk (in percent)?
Over 3 years (2022 to 2025), Noble Corporation's business segments — concentration risk (in percent) has grown at a -15.2% compound annual growth rate (CAGR), from 32.3% to 19.7%.
What does business segments — concentration risk (in percent) mean?
This metric quantifies the degree of revenue dependency on a limited number of customers or specific contracts within the reportable segment. A higher percentage indicates greater vulnerability to the loss of a major client or the termination of key service agreements. Investors use this to evaluate the stability of cash flows and the effectiveness of the company's client diversification strategy.

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