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Side-by-side financial comparison of Noble Corp plc (NE) and VEON Ltd. (VEON). Click either name above to swap in a different company.

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $764.4M, roughly 1.4× Noble Corp plc). VEON Ltd. runs the higher net margin — 55.9% vs 11.3%, a 44.6% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs -17.6%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

NE vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.4× larger
VEON
$1.1B
$764.4M
NE
Growing faster (revenue YoY)
VEON
VEON
+23.4% gap
VEON
5.8%
-17.6%
NE
Higher net margin
VEON
VEON
44.6% more per $
VEON
55.9%
11.3%
NE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NE
NE
VEON
VEON
Revenue
$764.4M
$1.1B
Net Profit
$86.6M
$608.0M
Gross Margin
Operating Margin
5.6%
75.4%
Net Margin
11.3%
55.9%
Revenue YoY
-17.6%
5.8%
Net Profit YoY
-10.4%
583.1%
EPS (diluted)
$0.54
$0.34

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.

Revenue
NE
NE
VEON
VEON
Q4 25
$764.4M
Q3 25
$798.0M
Q2 25
$848.7M
$1.1B
Q1 25
$874.5M
Q4 24
$927.3M
Q3 24
$800.5M
Q2 24
$692.8M
$1.0B
Q1 24
$637.1M
Net Profit
NE
NE
VEON
VEON
Q4 25
$86.6M
Q3 25
$-21.1M
Q2 25
$42.9M
$608.0M
Q1 25
$108.3M
Q4 24
$96.6M
Q3 24
$61.2M
Q2 24
$195.0M
$89.0M
Q1 24
$95.5M
Operating Margin
NE
NE
VEON
VEON
Q4 25
5.6%
Q3 25
6.3%
Q2 25
15.9%
75.4%
Q1 25
21.4%
Q4 24
18.4%
Q3 24
14.4%
Q2 24
30.3%
27.1%
Q1 24
16.9%
Net Margin
NE
NE
VEON
VEON
Q4 25
11.3%
Q3 25
-2.6%
Q2 25
5.1%
55.9%
Q1 25
12.4%
Q4 24
10.4%
Q3 24
7.6%
Q2 24
28.1%
8.7%
Q1 24
15.0%
EPS (diluted)
NE
NE
VEON
VEON
Q4 25
$0.54
Q3 25
$-0.13
Q2 25
$0.27
$0.34
Q1 25
$0.67
Q4 24
$0.56
Q3 24
$0.40
Q2 24
$1.34
$0.04
Q1 24
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NE
NE
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$471.4M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$4.5B
$1.5B
Total Assets
$7.5B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NE
NE
VEON
VEON
Q4 25
$471.4M
Q3 25
$477.9M
Q2 25
$338.2M
$1.3B
Q1 25
$303.8M
Q4 24
$247.3M
Q3 24
$391.9M
Q2 24
$162.9M
$862.0M
Q1 24
$212.5M
Stockholders' Equity
NE
NE
VEON
VEON
Q4 25
$4.5B
Q3 25
$4.5B
Q2 25
$4.6B
$1.5B
Q1 25
$4.7B
Q4 24
$4.7B
Q3 24
$4.7B
Q2 24
$4.0B
$1.1B
Q1 24
$3.9B
Total Assets
NE
NE
VEON
VEON
Q4 25
$7.5B
Q3 25
$7.6B
Q2 25
$7.7B
$8.5B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$5.6B
$7.3B
Q1 24
$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
NE
NE
VEON
VEON
Operating Cash FlowLast quarter
$187.1M
Free Cash FlowOCF − Capex
$35.4M
FCF MarginFCF / Revenue
4.6%
Capex IntensityCapex / Revenue
19.9%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NE
NE
VEON
VEON
Q4 25
$187.1M
Q3 25
$277.1M
Q2 25
$216.4M
Q1 25
$271.1M
Q4 24
$136.2M
Q3 24
$283.8M
Q2 24
$106.8M
Q1 24
$128.7M
Free Cash Flow
NE
NE
VEON
VEON
Q4 25
$35.4M
Q3 25
$139.5M
Q2 25
$99.8M
Q1 25
$157.5M
Q4 24
$-4.4M
Q3 24
$156.8M
Q2 24
$-34.3M
Q1 24
$-37.9M
FCF Margin
NE
NE
VEON
VEON
Q4 25
4.6%
Q3 25
17.5%
Q2 25
11.8%
Q1 25
18.0%
Q4 24
-0.5%
Q3 24
19.6%
Q2 24
-4.9%
Q1 24
-6.0%
Capex Intensity
NE
NE
VEON
VEON
Q4 25
19.9%
Q3 25
17.3%
Q2 25
13.7%
Q1 25
13.0%
Q4 24
15.2%
Q3 24
15.9%
Q2 24
20.4%
Q1 24
26.2%
Cash Conversion
NE
NE
VEON
VEON
Q4 25
2.16×
Q3 25
Q2 25
5.05×
Q1 25
2.50×
Q4 24
1.41×
Q3 24
4.64×
Q2 24
0.55×
Q1 24
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

VEON
VEON

Segment breakdown not available.

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