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Side-by-side financial comparison of Noble Corp plc (NE) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $430.0M, roughly 1.8× PEGASYSTEMS INC). Noble Corp plc runs the higher net margin — 11.3% vs 7.6%, a 3.7% gap on every dollar of revenue. On growth, PEGASYSTEMS INC posted the faster year-over-year revenue change (-9.6% vs -17.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $35.4M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 9.5%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
NE vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $430.0M |
| Net Profit | $86.6M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 5.6% | 8.6% |
| Net Margin | 11.3% | 7.6% |
| Revenue YoY | -17.6% | -9.6% |
| Net Profit YoY | -10.4% | — |
| EPS (diluted) | $0.54 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $764.4M | $504.3M | ||
| Q3 25 | $798.0M | $381.4M | ||
| Q2 25 | $848.7M | $384.5M | ||
| Q1 25 | $874.5M | $475.6M | ||
| Q4 24 | $927.3M | $490.8M | ||
| Q3 24 | $800.5M | $325.1M | ||
| Q2 24 | $692.8M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $86.6M | $234.6M | ||
| Q3 25 | $-21.1M | $43.4M | ||
| Q2 25 | $42.9M | $30.1M | ||
| Q1 25 | $108.3M | $85.4M | ||
| Q4 24 | $96.6M | $119.1M | ||
| Q3 24 | $61.2M | $-14.4M | ||
| Q2 24 | $195.0M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 5.6% | 20.7% | ||
| Q3 25 | 6.3% | 3.8% | ||
| Q2 25 | 15.9% | 4.5% | ||
| Q1 25 | 21.4% | 26.7% | ||
| Q4 24 | 18.4% | 29.1% | ||
| Q3 24 | 14.4% | -3.6% | ||
| Q2 24 | 30.3% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 11.3% | 46.5% | ||
| Q3 25 | -2.6% | 11.4% | ||
| Q2 25 | 5.1% | 7.8% | ||
| Q1 25 | 12.4% | 18.0% | ||
| Q4 24 | 10.4% | 24.3% | ||
| Q3 24 | 7.6% | -4.4% | ||
| Q2 24 | 28.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.54 | $0.81 | ||
| Q3 25 | $-0.13 | $0.24 | ||
| Q2 25 | $0.27 | $0.17 | ||
| Q1 25 | $0.67 | $0.91 | ||
| Q4 24 | $0.56 | $1.35 | ||
| Q3 24 | $0.40 | $-0.17 | ||
| Q2 24 | $1.34 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.5B | $705.9M |
| Total Assets | $7.5B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $471.4M | $425.8M | ||
| Q3 25 | $477.9M | $351.4M | ||
| Q2 25 | $338.2M | $411.6M | ||
| Q1 25 | $303.8M | $371.7M | ||
| Q4 24 | $247.3M | $740.0M | ||
| Q3 24 | $391.9M | $703.0M | ||
| Q2 24 | $162.9M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $4.5B | $787.4M | ||
| Q3 25 | $4.5B | $596.8M | ||
| Q2 25 | $4.6B | $624.5M | ||
| Q1 25 | $4.7B | $611.3M | ||
| Q4 24 | $4.7B | $585.5M | ||
| Q3 24 | $4.7B | $473.0M | ||
| Q2 24 | $4.0B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $7.5B | $1.6B | ||
| Q3 25 | $7.6B | $1.3B | ||
| Q2 25 | $7.7B | $1.3B | ||
| Q1 25 | $7.9B | $1.3B | ||
| Q4 24 | $8.0B | $1.8B | ||
| Q3 24 | $8.0B | $1.6B | ||
| Q2 24 | $5.6B | $1.5B |
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 | — |
| Free Cash FlowOCF − Capex | $35.4M | $206.5M |
| FCF MarginFCF / Revenue | 4.6% | 48.0% |
| Capex IntensityCapex / Revenue | 19.9% | — |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.1M | $158.4M | ||
| Q3 25 | $277.1M | $56.3M | ||
| Q2 25 | $216.4M | $86.3M | ||
| Q1 25 | $271.1M | $204.2M | ||
| Q4 24 | $136.2M | $95.2M | ||
| Q3 24 | $283.8M | $30.5M | ||
| Q2 24 | $106.8M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $35.4M | $152.4M | ||
| Q3 25 | $139.5M | $51.8M | ||
| Q2 25 | $99.8M | $84.1M | ||
| Q1 25 | $157.5M | $202.3M | ||
| Q4 24 | $-4.4M | $92.4M | ||
| Q3 24 | $156.8M | $27.4M | ||
| Q2 24 | $-34.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 4.6% | 30.2% | ||
| Q3 25 | 17.5% | 13.6% | ||
| Q2 25 | 11.8% | 21.9% | ||
| Q1 25 | 18.0% | 42.5% | ||
| Q4 24 | -0.5% | 18.8% | ||
| Q3 24 | 19.6% | 8.4% | ||
| Q2 24 | -4.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 1.2% | ||
| Q3 25 | 17.3% | 1.2% | ||
| Q2 25 | 13.7% | 0.6% | ||
| Q1 25 | 13.0% | 0.4% | ||
| Q4 24 | 15.2% | 0.6% | ||
| Q3 24 | 15.9% | 0.9% | ||
| Q2 24 | 20.4% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.16× | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 5.05× | 2.87× | ||
| Q1 25 | 2.50× | 2.39× | ||
| Q4 24 | 1.41× | 0.80× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
