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Noble Corporation NE Business Segments — Operating revenues

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemRevenues / Year Ended / December 31, 2025Revenues / Year Ended / December 31, 2024Revenues / Year Ended / December 31, 2023Long-Lived Assets as of / December 31, 2025Long-Lived Assets as of / December 31, 2024
Namibia58,8927,53727253,652
Nigeria96,668135,331143,64170,29873,296
Norway310,863236,834249,308959,466487,183
Suriname115,44182,082108,53287,398
United Kingdom206,412190,80465,710143,465755,712
United States889,710685,835437,3461,964,8621,666,748
Other280,334167,277253,757517,039684,356
Total$3,285,568$3,057,818$2,589,018$5,562,554$6,149,156

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Noble Corporation's business segments — operating revenues?
Noble Corporation (NE) reported business segments — operating revenues of $821.39M in Q4 2025.
How has Noble Corporation's business segments — operating revenues changed year-over-year?
Noble Corporation's business segments — operating revenues increased by 7.4% year-over-year, from $764.45M to $821.39M.
What is the long-term trend for Noble Corporation's business segments — operating revenues?
Over 3 years (2022 to 2025), Noble Corporation's business segments — operating revenues has grown at a 32.5% compound annual growth rate (CAGR), from $1.41B to $3.29B.
What does business segments — operating revenues mean?
This metric represents the total gross revenue generated by the company's primary business segment through the provision of contract drilling services. It reflects the scale of operations and the market demand for the company's fleet of mobile offshore drilling units. Tracking this figure helps investors assess the segment's top-line growth and its contribution to the overall corporate financial performance.

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