NOV · Nov Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.74B | $8.87B | $8.58B | $7.24B | $5.52B | $6.09B |
| Cost of Revenue | $6.98B | $6.86B | $6.75B | $5.90B | $4.75B | $5.66B |
| Gross Profit | $1.77B | $2.01B | $1.83B | $1.33B | $774.00M | $434.00M |
| R&D | - | - | - | - | - | - |
| SG&A | $1.20B | $1.13B | $1.18B | $1.07B | $908.00M | $968.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $355.00M | $343.00M | $302.00M | $301.00M | $306.00M | $352.00M |
| Operating Income | $494.00M | $876.00M | $651.00M | $264.00M | ($134.00M) | ($2.42B) |
| Interest Expense | $88.00M | $91.00M | $88.00M | $78.00M | $77.00M | $84.00M |
| Income Tax | $224.00M | $196.00M | ($373.00M) | $83.00M | $15.00M | ($242.00M) |
| Net Income | $145.00M | $635.00M | $993.00M | $155.00M | ($250.00M) | ($2.54B) |
| EPS - Basic | $0.39 | $1.62 | $2.53 | $0.40 | ($0.65) | ($6.62) |
| EPS - Diluted | $0.39 | $1.60 | $2.50 | $0.39 | ($0.65) | ($6.62) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.55B | $1.23B | $816.00M | $1.07B | $1.59B | $1.69B |
| Accounts Receivable | $1.70B | $1.82B | $1.91B | $1.74B | $1.32B | $1.27B |
| Inventory | $1.80B | $1.93B | $2.15B | $1.81B | $1.33B | $1.41B |
| Accounts Payable | $831.00M | $837.00M | $904.00M | $906.00M | $612.00M | $489.00M |
| Current Assets | $5.82B | $5.77B | $5.84B | $5.49B | $4.90B | $5.21B |
| Total Assets | $11.29B | $11.36B | $11.29B | $10.13B | $9.55B | $9.93B |
| Current Liabilities | $2.41B | $2.35B | $2.44B | $2.44B | $1.91B | $1.87B |
| Long-term Debt | $1.69B | $1.70B | $1.71B | $1.72B | $1.71B | $1.83B |
| Total Liabilities | $4.97B | $4.93B | $5.05B | $5.00B | $4.49B | $4.65B |
| Stockholders' Equity | $6.27B | $6.38B | $6.17B | $5.10B | $5.00B | $5.21B |
| Retained Earnings | ($673.00M) | ($628.00M) | ($1.16B) | ($2.07B) | ($2.15B) | ($1.88B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.25B | $1.30B | $143.00M | ($179.00M) | $291.00M | $926.00M |
| Investing Cash Flow | ($362.00M) | ($471.00M) | ($293.00M) | ($238.00M) | ($196.00M) | ($144.00M) |
| Financing Cash Flow | ($584.00M) | ($406.00M) | ($103.00M) | ($96.00M) | ($189.00M) | ($259.00M) |
| CapEx | $375.00M | $351.00M | $283.00M | $214.00M | $201.00M | $226.00M |
| Free Cash Flow | $876.00M | $953.00M | ($140.00M) | ($393.00M) | $90.00M | $700.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 20.2% | 22.7% | 21.4% | 18.4% | 14.0% | 7.1% |
| Operating margin | 5.6% | 9.9% | 7.6% | 3.6% | -2.4% | -39.8% |
| EBITDA margin | 9.7% | 13.7% | 11.1% | 7.8% | 3.1% | -34.0% |
| Net margin | 1.7% | 7.2% | 11.6% | 2.1% | -4.5% | -41.7% |
| Free cash flow margin | 10.0% | 10.7% | -1.6% | -5.4% | 1.6% | 11.5% |
| FCF / Net income | 6.04 | 1.50 | -0.14 | -2.54 | -0.36 | -0.28 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 13.8% | 12.8% | 13.8% | 14.8% | 16.4% | 15.9% |
| Effective tax rate | 60.7% | 23.6% | -60.2% | 34.9% | - | - |
| Return on assets | 1.3% | 5.6% | 8.8% | 1.5% | -2.6% | -25.6% |
| Return on equity | 2.3% | 10.0% | 16.1% | 3.0% | -5.0% | -48.8% |
| Return on invested capital | 3.1% | 8.3% | 8.3% | 2.5% | -1.6% | -27.2% |
| Liquidity | ||||||
| Current ratio | 2.42 | 2.46 | 2.40 | 2.25 | 2.57 | 2.79 |
| Quick ratio | 1.67 | 1.64 | 1.51 | 1.51 | 1.87 | 2.04 |
| Cash ratio | 0.65 | 0.52 | 0.34 | 0.44 | 0.83 | 0.91 |
| Leverage | ||||||
| Debt / Equity | 0.27 | 0.27 | 0.28 | 0.34 | 0.34 | 0.35 |
| Debt / Assets | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 |
| Debt / EBITDA | 1.99 | 1.40 | 1.80 | 3.04 | 9.93 | - |
| Interest coverage | 5.6x | 9.6x | 7.4x | 3.4x | -1.7x | -28.9x |
| Equity multiplier | 1.80 | 1.78 | 1.83 | 1.99 | 1.91 | 1.91 |
| Liabilities / Assets | 0.44 | 0.43 | 0.45 | 0.49 | 0.47 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 0.77 | 0.78 | 0.76 | 0.71 | 0.58 | 0.61 |
| Inventory turnover | 3.88 | 3.55 | 3.14 | 3.26 | 3.57 | 4.02 |
| Days sales outstanding | 71d | 75d | 81d | 88d | 87d | 76d |
| Days inventory outstanding | 94d | 103d | 116d | 112d | 102d | 91d |
| Days payable outstanding | 43d | 45d | 49d | 56d | 47d | 32d |
| Cash conversion cycle | 122d | 133d | 148d | 144d | 143d | 136d |
| Valuation | ||||||
| P / E | 40.1x | 9.1x | 8.1x | 53.6x | - | - |
| P / B | 0.9x | 0.9x | 1.3x | 1.6x | 1.0x | 1.0x |
| P / S | 0.7x | 0.7x | 0.9x | 1.1x | 0.9x | 0.9x |
| EV / EBITDA | 7.1x | 5.1x | 9.4x | 15.7x | 31.1x | - |
| Growth | ||||||
| Revenue growth (YoY) | -1.4% | 3.3% | 18.6% | 31.0% | -9.3% | -28.2% |
| Revenue CAGR (3y) | 6.5% | 17.1% | 12.1% | -5.1% | -8.7% | -5.9% |
| Revenue CAGR (5y) | 7.5% | 0.9% | 3.4% | -0.2% | -5.3% | -16.2% |
| Gross profit growth (YoY) | -12.1% | 9.7% | 37.4% | 72.4% | 78.3% | -48.6% |
| Operating income growth (YoY) | -43.6% | 34.6% | 146.6% | - | 94.5% | 61.4% |
| Net income growth (YoY) | -77.2% | -36.1% | 540.6% | - | 90.2% | 58.3% |
| EPS growth (YoY) | -75.6% | -36.0% | 541.0% | - | 90.2% | 58.5% |
| EPS CAGR (3y) | 0.0% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -8.1% | - | 64.4% | - | -87.1% | 45.5% |
| FCF CAGR (5y) | 4.6% | 14.7% | - | - | -33.2% | -4.5% |
| Book value growth (YoY) | -1.7% | 3.4% | 21.0% | 2.0% | -4.1% | -33.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$167.00M totalEnergy Products And Services$106.00M · 63.5%
Energy Equipments$61.00M · 36.5%
Product / service
$8.80B totalProduct$5.83B · 66.2%
Service$1.95B · 22.2%
Rental$963.00M · 10.9%
Royalty$57.00M · 0.6%
Geographic
$16.49B totalOther Countries$3.94B · 23.9%
US$3.00B · 18.2%
Land Destination$2.91B · 17.7%
North America$2.19B · 13.3%
International$1.68B · 10.2%
Offshore Destination$961.00M · 5.8%
NO$907.00M · 5.5%
BR$896.00M · 5.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.60
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Oil & Gas Field Machinery & Equipment
Comparing NOV Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.41/share trailing 12 months · -20.6% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.0900 |
| Mar 13, 2026 | $0.0900 |
| Dec 5, 2025 | $0.0750 |
| Sep 12, 2025 | $0.0750 |
| Jun 13, 2025 | $0.0750 |
| Jun 2, 2025 | $0.2100 |
| Mar 14, 2025 | $0.0750 |
| Dec 6, 2024 | $0.0750 |
| Sep 13, 2024 | $0.0750 |
| Jun 14, 2024 | $0.0750 |
| Mar 13, 2024 | $0.0500 |
| Dec 7, 2023 | $0.0500 |
| Sep 14, 2023 | $0.0500 |
| Jun 15, 2023 | $0.0500 |
| Mar 16, 2023 | $0.0500 |
| Dec 8, 2022 | $0.0500 |
| Sep 15, 2022 | $0.0500 |
| Jun 9, 2022 | $0.0500 |
| Mar 10, 2022 | $0.0500 |
| Dec 2, 2021 | $0.0500 |
| Mar 12, 2020 | $0.0500 |
| Dec 5, 2019 | $0.0500 |
| Sep 12, 2019 | $0.0500 |
| Jun 13, 2019 | $0.0500 |