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Side-by-side financial comparison of Noble Corp plc (NE) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $764.4M, roughly 1.2× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs 3.1%, a 8.2% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs -17.6%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs -0.5%).
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.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
NE vs PATK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $924.2M |
| Net Profit | $86.6M | $29.1M |
| Gross Margin | — | 23.0% |
| Operating Margin | 5.6% | 6.2% |
| Net Margin | 11.3% | 3.1% |
| Revenue YoY | -17.6% | 9.2% |
| Net Profit YoY | -10.4% | 99.7% |
| EPS (diluted) | $0.54 | $0.82 |
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 | $764.4M | $924.2M | ||
| Q3 25 | $798.0M | $975.6M | ||
| Q2 25 | $848.7M | $1.0B | ||
| Q1 25 | $874.5M | $1.0B | ||
| Q4 24 | $927.3M | $846.1M | ||
| Q3 24 | $800.5M | $919.4M | ||
| Q2 24 | $692.8M | $1.0B | ||
| Q1 24 | $637.1M | $933.5M |
| Q4 25 | $86.6M | $29.1M | ||
| Q3 25 | $-21.1M | $35.3M | ||
| Q2 25 | $42.9M | $32.4M | ||
| Q1 25 | $108.3M | $38.2M | ||
| Q4 24 | $96.6M | $14.6M | ||
| Q3 24 | $61.2M | $40.9M | ||
| Q2 24 | $195.0M | $47.9M | ||
| Q1 24 | $95.5M | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 5.6% | 6.2% | ||
| Q3 25 | 6.3% | 6.8% | ||
| Q2 25 | 15.9% | 8.3% | ||
| Q1 25 | 21.4% | 6.5% | ||
| Q4 24 | 18.4% | 4.7% | ||
| Q3 24 | 14.4% | 8.1% | ||
| Q2 24 | 30.3% | 8.3% | ||
| Q1 24 | 16.9% | 6.4% |
| Q4 25 | 11.3% | 3.1% | ||
| Q3 25 | -2.6% | 3.6% | ||
| Q2 25 | 5.1% | 3.1% | ||
| Q1 25 | 12.4% | 3.8% | ||
| Q4 24 | 10.4% | 1.7% | ||
| Q3 24 | 7.6% | 4.4% | ||
| Q2 24 | 28.1% | 4.7% | ||
| Q1 24 | 15.0% | 3.8% |
| Q4 25 | $0.54 | $0.82 | ||
| Q3 25 | $-0.13 | $1.01 | ||
| Q2 25 | $0.27 | $0.96 | ||
| Q1 25 | $0.67 | $1.11 | ||
| Q4 24 | $0.56 | $-1.44 | ||
| Q3 24 | $0.40 | $1.80 | ||
| Q2 24 | $1.34 | $2.16 | ||
| Q1 24 | $0.66 | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $471.4M | $26.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $4.5B | $1.2B |
| Total Assets | $7.5B | $3.1B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $26.4M | ||
| Q3 25 | $477.9M | $20.7M | ||
| Q2 25 | $338.2M | $22.0M | ||
| Q1 25 | $303.8M | $86.6M | ||
| Q4 24 | $247.3M | $33.6M | ||
| Q3 24 | $391.9M | $52.6M | ||
| Q2 24 | $162.9M | $44.0M | ||
| Q1 24 | $212.5M | $17.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.5B | $1.2B | ||
| Q2 25 | $4.6B | $1.1B | ||
| Q1 25 | $4.7B | $1.1B | ||
| Q4 24 | $4.7B | $1.1B | ||
| Q3 24 | $4.7B | $1.1B | ||
| Q2 24 | $4.0B | $1.1B | ||
| Q1 24 | $3.9B | $1.1B |
| Q4 25 | $7.5B | $3.1B | ||
| Q3 25 | $7.6B | $3.1B | ||
| Q2 25 | $7.7B | $3.1B | ||
| Q1 25 | $7.9B | $3.2B | ||
| Q4 24 | $8.0B | $3.0B | ||
| Q3 24 | $8.0B | $3.1B | ||
| Q2 24 | $5.6B | $3.0B | ||
| Q1 24 | $5.4B | $3.0B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $187.1M | $130.8M |
| Free Cash FlowOCF − Capex | $35.4M | $112.7M |
| FCF MarginFCF / Revenue | 4.6% | 12.2% |
| Capex IntensityCapex / Revenue | 19.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.16× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $130.8M | ||
| Q3 25 | $277.1M | $9.1M | ||
| Q2 25 | $216.4M | $149.4M | ||
| Q1 25 | $271.1M | $40.1M | ||
| Q4 24 | $136.2M | $102.7M | ||
| Q3 24 | $283.8M | $51.5M | ||
| Q2 24 | $106.8M | $137.5M | ||
| Q1 24 | $128.7M | $35.2M |
| Q4 25 | $35.4M | $112.7M | ||
| Q3 25 | $139.5M | $-17.2M | ||
| Q2 25 | $99.8M | $131.1M | ||
| Q1 25 | $157.5M | $19.9M | ||
| Q4 24 | $-4.4M | $77.2M | ||
| Q3 24 | $156.8M | $33.7M | ||
| Q2 24 | $-34.3M | $120.6M | ||
| Q1 24 | $-37.9M | $19.7M |
| Q4 25 | 4.6% | 12.2% | ||
| Q3 25 | 17.5% | -1.8% | ||
| Q2 25 | 11.8% | 12.5% | ||
| Q1 25 | 18.0% | 2.0% | ||
| Q4 24 | -0.5% | 9.1% | ||
| Q3 24 | 19.6% | 3.7% | ||
| Q2 24 | -4.9% | 11.9% | ||
| Q1 24 | -6.0% | 2.1% |
| Q4 25 | 19.9% | 2.0% | ||
| Q3 25 | 17.3% | 2.7% | ||
| Q2 25 | 13.7% | 1.7% | ||
| Q1 25 | 13.0% | 2.0% | ||
| Q4 24 | 15.2% | 3.0% | ||
| Q3 24 | 15.9% | 1.9% | ||
| Q2 24 | 20.4% | 1.7% | ||
| Q1 24 | 26.2% | 1.7% |
| Q4 25 | 2.16× | 4.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 5.05× | 4.61× | ||
| Q1 25 | 2.50× | 1.05× | ||
| Q4 24 | 1.41× | 7.05× | ||
| Q3 24 | 4.64× | 1.26× | ||
| Q2 24 | 0.55× | 2.87× | ||
| Q1 24 | 1.35× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
