Noble Corporation (NE) financial statements
Noble Corporation reported revenue of $3.3B in fiscal 2025, up 35.9% a year over 4 years.
Net income was $217M and the operating margin 12.6%, against -422.8% in 2020.
Free cash flow was $432M, and the company returned $320M in dividends and $20M in net buybacks.
The diluted share count fell 36% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Noble Corporation's 10-K filings with the SEC.
| Fiscal year | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $964M | $1.4B | $2.6B | $3.1B | $3.3B |
| Selling, general and admin | $121M | $82M | $128M | $140M | $133M |
| Operating income | -$4.1B | $229M | $575M | $604M | $416M |
| Interest expense | $165M | $43M | $59M | $94M | $162M |
| Pre-tax income | -$4.2B | $192M | $512M | $492M | $273M |
| Income tax | -$260M | $23M | $30M | $44M | $56M |
| Net income | -$4.0B | $169M | $482M | $448M | $217M |
| EPS (diluted) | -$15.86 | $1.73 | $3.32 | $2.96 | $1.35 |
| Diluted shares | 251M | 98M | 145M | 152M | 160M |
| Operating margin | -422.8% | 16.2% | 22.2% | 19.8% | 12.6% |
| Net margin | -412.6% | 11.9% | 18.6% | 14.7% | 6.6% |
Balance sheet
Fiscal years, from Noble Corporation's 10-K filings with the SEC.
| Fiscal year | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $365M | $476M | $361M | $247M | $471M |
| Receivables | — | $469M | $549M | $797M | $590M |
| Total current assets | — | $1.1B | $1.1B | $1.4B | $1.3B |
| Property, plant and equipment | — | $4.0B | $4.1B | $6.0B | $5.4B |
| Goodwill | — | $26M | $0 | — | — |
| Total assets | — | $5.2B | $5.5B | $8.0B | $7.5B |
| Total current liabilities | — | $667M | $642M | $940M | $760M |
| Long-term debt | — | $513M | $586M | $2.0B | $2.0B |
| Total liabilities | — | $1.6B | $1.6B | $3.3B | $3.0B |
| Shareholders' equity | -$311M | $3.6B | $3.9B | $4.7B | $4.5B |
| Net debt | -$365M | $197M | $225M | $1.7B | $1.5B |
Cash flow
Fiscal years, from Noble Corporation's 10-K filings with the SEC.
| Fiscal year | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $273M | $281M | $574M | $655M | $952M |
| Capital spending | $149M | $174M | $410M | $575M | $520M |
| Free cash flow | $124M | $107M | $165M | $80M | $432M |
| Stock-based compensation | $9M | $35M | $38M | $44M | $31M |
| Dividends paid | — | $0 | $99M | $278M | $320M |
| Share buybacks (net) | $0 | -$15M | -$95M | -$300M | -$20M |
| Net borrowing | -$101M | -$277M | -$73M | $0 | $0 |
| Free cash flow margin | 12.9% | 7.5% | 6.4% | 2.6% | 13.2% |
| Dividends per share | — | — | $0.68 | $1.83 | $2.00 |
Questions
What was Noble Corporation's revenue in 2025?
$3.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Noble Corporation generate?
$432M in fiscal 2025 (operating cash flow minus capital spending).
From Noble Corporation's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.