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Noble vs Valaris: NE and VAL compared
Noble is the larger company: $729M of revenue in its latest quarter (Q3 2026) against $594M for Valaris (Q3 2026). Valaris is growing faster (-0.4% against -9% a year earlier). Valaris is more profitable, with an operating margin of 13.7% against 8.2%.
Where the money goes: NE and VAL
Noble (NE) · Q3 2026
Noble, Q3 2026: revenue $729M (-9% year over year), operating margin 8.2%, net loss $117M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
Valaris (VAL) · Q3 2026
Valaris, Q3 2026: revenue $594M (-0.4% year over year), operating margin 13.7%, net earnings $46.1M, operating cash flow $67.2M. The chart follows the revenue to costs, profit and cash.
| Noble (NE) | Valaris (VAL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $729M | $594M |
| Revenue growth, Y/Y | -9% | -0.4% |
| Operating margin | 8.2% | 13.7% |
| Net earnings | −$117M | $46.1M |
| Net margin | -16.1% | 7.8% |
| Operating cash flow | $144M | $67.2M |
| Market value | $6.5B | $5.6B |
| P/E | 123.8× | 7.1× |
| Analysts’ mean target | $47.17 | $69.71 |
Where the revenue comes from
Noble
- Oil and Gas Service: $684M (94%)
- Service, Other: $45.1M (6%)
Questions
Which is bigger, Noble or Valaris?
Noble is the larger company: $729M of revenue in its latest quarter (Q3 2026) against $594M for Valaris (Q3 2026).
Is Noble or Valaris growing faster?
Valaris is growing faster (-0.4% against -9% a year earlier).
Which is more profitable, Noble or Valaris?
Valaris is more profitable, with an operating margin of 13.7% against 8.2%.
More: Noble earnings · how Noble makes money · Valaris earnings · how Valaris makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.