Noble Corporation (NE) Income Statement
NE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNE revenue and net income
Where NE's revenue goes
2025Each bar shows an amount and its share of revenue. NE kept 6.6% of revenue as net income.
NE profit margins
NE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.4% | +32.5% | +27.8% | −0.2% |
| Gross profit | −22.5% | +28.5% | — | −7.5% |
| Operating income | −26.0% | +32.1% | — | −9.1% |
| Net income | −51.7% | +8.7% | — | −8.0% |
| EPS (diluted) | −71.0% | −17.4% | — | −12.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NE quarterly EPS vs estimates
Noble beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.20).
NE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.29B | $3.06B | $2.59B | $1.41B | $847.8M | $964.3M | $1.31B | $1.08B | $1.25B | $2.67B |
| Cost of revenue | $2.64B | $2.22B | $1.85B | $1.11B | $855.1M | $989.8M | $1.19B | $1.15B | $1.21B | $1.53B |
| Gross profit | $648.2M | $836.5M | $743.8M | $305.4M | −$7.3M | −$25.5M | $117.5M | −$70.7M | $44.4M | $1.13B |
| Sales, general & admin | $133.1M | $140.5M | $128.4M | $82.2M | $68.2M | $121.2M | $168.8M | $73.2M | $71.6M | $69.3M |
| Total operating expenses | $133.1M | $140.5M | $128.4M | $82.2M | $68.2M | $121.2M | $68.8M | $73.2M | $71.6M | $69.3M |
| Operating income | $515.0M | $696.0M | $615.3M | $223.3M | −$75.5M | −$146.7M | $48.7M | −$143.9M | −$27.2M | $1.06B |
| Interest income | $20.0M | $111.6M | $18.1M | $14.4M | $20.6M | $9.0M | $6.0M | $8.3M | $5.4M | $222.9M |
| Interest expense | $162.4M | $94.2M | $59.1M | $42.7M | $32.0M | $164.7M | $279.4M | $297.6M | $292.0M | $222.9M |
| Income before taxes | $273.1M | $492.3M | $512.2M | $191.5M | $356.0M | −$4.24B | −$909.1M | −$1.24B | −$449.8M | −$967.0M |
| Income taxes | $56.4M | $44.0M | $30.3M | $22.6M | $3.8M | −$260.4M | −$38.5M | −$106.6M | $42.6M | −$109.2M |
| Net income | $216.7M | $448.4M | $481.9M | $168.9M | $352.2M | −$3.98B | −$700.6M | −$885.0M | −$516.5M | −$929.6M |
| EBITDA | $1.01B | $955.1M | $766.0M | $375.8M | $498.1M | $227.4M | $488.9M | $342.6M | $520.8M | $1.67B |
| EPS (diluted) | $0.67 | $2.31 | $1.83 | $1.19 | −$1.06 | −$48.48 | −$1.50 | −$1.83 | −$1.14 | −$0.06 |
| Gross margin | 19.7% | 27.4% | 28.7% | 21.6% | −0.9% | −2.6% | 9.0% | −6.5% | 3.5% | 42.4% |
| Operating margin | 15.7% | 22.8% | 23.8% | 15.8% | −8.9% | −15.2% | 3.7% | −13.3% | −2.2% | 39.8% |
| Net margin | 6.6% | 14.7% | 18.6% | 11.9% | 41.5% | −412.6% | −53.7% | −81.7% | −41.3% | −34.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $719.7M | $785.7M | $764.4M | $798.0M | $848.7M | $874.5M | $927.3M | $800.5M | $692.8M | $637.1M | $643.0M | $697.5M |
| Cost of revenue | $446.3M | $480.2M | $664.8M | $657.7M | $677.9M | $637.0M | $704.8M | $572.3M | $450.0M | $494.2M | $480.9M | $448.0M |
| Gross profit | $273.4M | $305.5M | $99.6M | $140.3M | $170.8M | $237.5M | $222.5M | $228.3M | $242.9M | $142.8M | $162.1M | $249.4M |
| Sales, general & admin | $26.9M | $30.0M | $29.7M | $33.3M | $35.0M | $35.2M | $31.4M | $43.6M | $39.8M | $26.0M | $33.0M | $33.0M |
| Total operating expenses | $209.9M | $80.1M | $29.7M | $33.3M | $35.0M | $35.2M | $31.3M | $43.6M | $39.7M | $26.0M | $33.0M | $33.0M |
| Operating income | $63.4M | $225.3M | $69.9M | $107.0M | $135.8M | $202.3M | $191.3M | $184.7M | $203.2M | $116.9M | $129.1M | $216.4M |
| Interest income | $3.7M | $8.2M | $12.7M | $726,000 | $4.7M | $1.8M | $46.5M | $2.3M | — | — | $1.8M | $17.2M |
| Interest expense | $36.2M | $40.6M | $41.4M | $40.5M | $40.0M | $40.5M | $39.7M | $25.0M | $12.0M | $17.5M | $14.6M | $13.0M |
| Income before taxes | −$20.4M | $193.7M | $13.8M | $10.6M | $100.0M | $148.7M | $124.5M | $92.8M | $189.8M | $85.3M | $144.9M | $210.0M |
| Income taxes | $16.3M | $72.9M | −$72.8M | $31.7M | $57.1M | $40.4M | $27.8M | $31.6M | −$5.2M | −$10.2M | −$4.8M | $51.7M |
| Net income | −$36.7M | $120.7M | $86.6M | −$21.1M | $42.9M | $108.3M | $96.6M | $61.2M | $195.0M | $95.5M | $149.7M | $158.3M |
| EBITDA | $155.4M | $353.7M | $203.2M | $198.4M | $287.1M | $332.3M | $305.5M | $227.7M | $292.5M | $189.5M | $242.4M | $300.1M |
| EPS (diluted) | $0.01 | $0.26 | $0.09 | $0.19 | $0.13 | $0.26 | $0.56 | $0.58 | $0.72 | $0.45 | $0.39 | $0.87 |
| Gross margin | 38.0% | 38.9% | 13.0% | 17.6% | 20.1% | 27.2% | 24.0% | 28.5% | 35.1% | 22.4% | 25.2% | 35.8% |
| Operating margin | 8.8% | 28.7% | 9.1% | 13.4% | 16.0% | 23.1% | 20.6% | 23.1% | 29.3% | 18.3% | 20.1% | 31.0% |
| Net margin | −5.1% | 15.4% | 11.3% | −2.6% | 5.1% | 12.4% | 10.4% | 7.6% | 28.1% | 15.0% | 23.3% | 22.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NE's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NE financial results
In fiscal year 2025 (ended December 31, 2025), Noble reported revenue of $3.3 billion, up 7.4% from the year before. It had net income of $216.7 million (down 51.7%), a net profit margin of 6.6%. Diluted earnings per share came to $0.67. Over five years revenue grew at an average rate of 27.8% a year.
See the NE stock overview for the latest quote and news, or the NE chart for price history and technical indicators.
NE income statement FAQ
What is Noble's annual revenue?
Noble reported total revenue of $3.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.4% from $3.1 billion the previous year.
Is Noble profitable?
Yes. Noble reported net income of $216.7 million in fiscal 2025, a net profit margin of 6.6%; its operating margin was 15.7%.
What is Noble's gross margin?
Noble's gross margin was 19.7% in fiscal 2025: for every $100 of revenue, Noble kept $20 after the direct cost of its products and services.
How fast is Noble growing?
Revenue grew 27.8% a year on average over the last five fiscal years, from $964.3 million to $3.3 billion.
What are Noble's earnings per share?
Noble earned $0.67 per diluted share in fiscal 2025, compared with $2.31 a year earlier.
When will Noble report its next earnings?
Noble is expected to report results for the quarter ending September 30, 2026 on October 26, 2026 after the market closes.
When does Noble's fiscal year end?
Noble's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.