Northern Ocean Ltd
OSE:NOL
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| BM |
|
Northern Ocean Ltd
OSE:NOL
|
2.7B NOK |
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|
|
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
84.4B CNY |
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|
|
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
7.4B USD |
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|
|
| CH |
|
Transocean Ltd
NYSE:RIG
|
6.9B USD |
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|
|
| BM |
|
Valaris Ltd
NYSE:VAL
|
6.4B USD |
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|
|
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.8B SAR |
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|
|
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK |
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|
|
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.1B USD |
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|
|
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
3.6B USD |
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|
|
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR |
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|
|
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
2.8B USD |
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|
Market Distribution
| Min | -58.4% |
| 30th Percentile | 8.5% |
| Median | 35.8% |
| 70th Percentile | 46.6% |
| Max | 104.1% |
Other Profitability Ratios
Northern Ocean Ltd
Glance View
Northern Ocean Ltd. engages in the ownership of offshore drilling rigs. The firm owns and engages in offshore contract drilling for the oil and gas industry in benign and other environments worldwide. The company contracts its drilling rigs primarily on a dayrate basis for periods approximately between one and ten years to drill wells for its customers by targeting integrated and independent oil and gas companies. The Company’s drilling wells include West Mira and West Bollsta.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Northern Ocean Ltd is 13.7%, which is below its 3-year median of 16.1%.
Over the last 3 years, Northern Ocean Ltd’s Gross Margin has increased from -72.8% to 13.7%. During this period, it reached a low of -72.8% on Dec 31, 2022 and a high of 29.6% on Sep 30, 2025.
