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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $487.7M, roughly 1.6× CLOVER HEALTH INVESTMENTS, CORP.). Noble Corp plc runs the higher net margin — 11.3% vs -10.1%, a 21.4% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 9.5%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
CLOV vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $764.4M |
| Net Profit | $-49.3M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | -10.1% | 5.6% |
| Net Margin | -10.1% | 11.3% |
| Revenue YoY | 44.7% | -17.6% |
| Net Profit YoY | -123.2% | -10.4% |
| EPS (diluted) | — | $0.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $487.7M | $764.4M | ||
| Q3 25 | $496.6M | $798.0M | ||
| Q2 25 | $477.6M | $848.7M | ||
| Q1 25 | $462.3M | $874.5M | ||
| Q4 24 | $337.0M | $927.3M | ||
| Q3 24 | $331.0M | $800.5M | ||
| Q2 24 | $356.3M | $692.8M | ||
| Q1 24 | $346.9M | $637.1M |
| Q4 25 | $-49.3M | $86.6M | ||
| Q3 25 | $-24.4M | $-21.1M | ||
| Q2 25 | $-10.6M | $42.9M | ||
| Q1 25 | $-1.3M | $108.3M | ||
| Q4 24 | $-22.1M | $96.6M | ||
| Q3 24 | $-9.2M | $61.2M | ||
| Q2 24 | $7.4M | $195.0M | ||
| Q1 24 | $-19.2M | $95.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 23.6% | — |
| Q4 25 | -10.1% | 5.6% | ||
| Q3 25 | -4.9% | 6.3% | ||
| Q2 25 | -2.2% | 15.9% | ||
| Q1 25 | -0.3% | 21.4% | ||
| Q4 24 | -6.4% | 18.4% | ||
| Q3 24 | -2.7% | 14.4% | ||
| Q2 24 | 2.0% | 30.3% | ||
| Q1 24 | -6.5% | 16.9% |
| Q4 25 | -10.1% | 11.3% | ||
| Q3 25 | -4.9% | -2.6% | ||
| Q2 25 | -2.2% | 5.1% | ||
| Q1 25 | -0.3% | 12.4% | ||
| Q4 24 | -6.6% | 10.4% | ||
| Q3 24 | -2.8% | 7.6% | ||
| Q2 24 | 2.1% | 28.1% | ||
| Q1 24 | -5.5% | 15.0% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | — | $-0.13 | ||
| Q2 25 | — | $0.27 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | — | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $4.5B |
| Total Assets | $541.0M | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $471.4M | ||
| Q3 25 | — | $477.9M | ||
| Q2 25 | — | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | $194.5M | $247.3M | ||
| Q3 24 | $288.0M | $391.9M | ||
| Q2 24 | $254.8M | $162.9M | ||
| Q1 24 | $208.3M | $212.5M |
| Q4 25 | $308.7M | $4.5B | ||
| Q3 25 | $340.9M | $4.5B | ||
| Q2 25 | $344.2M | $4.6B | ||
| Q1 25 | $336.1M | $4.7B | ||
| Q4 24 | $341.1M | $4.7B | ||
| Q3 24 | $342.2M | $4.7B | ||
| Q2 24 | $324.9M | $4.0B | ||
| Q1 24 | $292.5M | $3.9B |
| Q4 25 | $541.0M | $7.5B | ||
| Q3 25 | $559.7M | $7.6B | ||
| Q2 25 | $575.0M | $7.7B | ||
| Q1 25 | $583.7M | $7.9B | ||
| Q4 24 | $580.7M | $8.0B | ||
| Q3 24 | $653.0M | $8.0B | ||
| Q2 24 | $674.2M | $5.6B | ||
| Q1 24 | $671.8M | $5.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $187.1M |
| Free Cash FlowOCF − Capex | $-69.0M | $35.4M |
| FCF MarginFCF / Revenue | -14.1% | 4.6% |
| Capex IntensityCapex / Revenue | 0.4% | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $187.1M | ||
| Q3 25 | $12.1M | $277.1M | ||
| Q2 25 | $5.4M | $216.4M | ||
| Q1 25 | $-16.3M | $271.1M | ||
| Q4 24 | $34.8M | $136.2M | ||
| Q3 24 | $50.0M | $283.8M | ||
| Q2 24 | $44.8M | $106.8M | ||
| Q1 24 | $25.9M | $128.7M |
| Q4 25 | $-69.0M | $35.4M | ||
| Q3 25 | $11.4M | $139.5M | ||
| Q2 25 | $4.8M | $99.8M | ||
| Q1 25 | $-16.5M | $157.5M | ||
| Q4 24 | $33.3M | $-4.4M | ||
| Q3 24 | $49.6M | $156.8M | ||
| Q2 24 | $44.4M | $-34.3M | ||
| Q1 24 | $25.5M | $-37.9M |
| Q4 25 | -14.1% | 4.6% | ||
| Q3 25 | 2.3% | 17.5% | ||
| Q2 25 | 1.0% | 11.8% | ||
| Q1 25 | -3.6% | 18.0% | ||
| Q4 24 | 9.9% | -0.5% | ||
| Q3 24 | 15.0% | 19.6% | ||
| Q2 24 | 12.5% | -4.9% | ||
| Q1 24 | 7.3% | -6.0% |
| Q4 25 | 0.4% | 19.9% | ||
| Q3 25 | 0.1% | 17.3% | ||
| Q2 25 | 0.1% | 13.7% | ||
| Q1 25 | 0.0% | 13.0% | ||
| Q4 24 | 0.5% | 15.2% | ||
| Q3 24 | 0.1% | 15.9% | ||
| Q2 24 | 0.1% | 20.4% | ||
| Q1 24 | 0.1% | 26.2% |
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | 6.04× | 0.55× | ||
| Q1 24 | — | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
