Noble Corporation plc
NEEnergyNASDAQOil & Gas Drilling · Last scanned May 29, 2026
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Daily timeframeNoble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. With a market capitalization of $7.53B, it sits in mid-cap territory. It provides contract drilling services through its fleet of mobile offshore drilling units.
Market Cap
$7.53B
Beta
0.95
P/E (TTM)
33.01
P/E (Fwd)
18.34
EPS (TTM)
$1.43
EPS (Fwd)
$2.57
ROE
5.0%
ROA
3.4%
Cash
$662.6M
Total Debt
$1.92B
Free CF
$426.6M
52W Change
90.5%
Annual Financials
Cash vs Debt
Noble Corporation plc carries $1.92B in total debt against $662.6M in cash reserves — debt is roughly 2.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $426.6M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 5.0%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.41B (2022) to $3.29B (2025), reflecting a 132% increase over the period.
As with any equity investment, NE carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing NE.