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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | - | $2.18B | $2.19B | $2.10B | - | $2.19B | $2.22B | $2.15B | - |
| Cost of Revenue | $1.67B | - | $1.76B | $1.74B | $1.66B | - | $1.72B | $1.63B | $1.70B | - |
| Gross Profit | $379.00M | - | $412.00M | $446.00M | $447.00M | - | $469.00M | $590.00M | $458.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $332.00M | - | $305.00M | $303.00M | $295.00M | - | $275.00M | $277.00M | $296.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $92.00M | - | $86.00M | $87.00M | $89.00M | - | - | - | $83.00M | - |
| Operating Income | $47.00M | - | $107.00M | $143.00M | $152.00M | - | $194.00M | $313.00M | $162.00M | - |
| Interest Expense | $22.00M | - | $22.00M | $22.00M | $22.00M | - | $21.00M | $22.00M | $24.00M | - |
| Income Tax | $15.00M | - | $29.00M | $1.00M | $47.00M | - | $44.00M | $70.00M | $44.00M | - |
| Net Income | $19.00M | - | $42.00M | $108.00M | $73.00M | - | $130.00M | $226.00M | $119.00M | - |
| EPS - Basic | $0.05 | - | $0.11 | $0.29 | $0.19 | - | $0.33 | $0.57 | $0.30 | - |
| EPS - Diluted | $0.05 | - | $0.11 | $0.29 | $0.19 | - | $0.33 | $0.57 | $0.30 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.34B | $1.55B | $1.21B | $1.08B | $1.16B | $1.23B | $985.00M | $827.00M | $468.00M | $816.00M |
| Accounts Receivable | $1.66B | $1.70B | $1.87B | $1.90B | $1.79B | $1.82B | $1.90B | $1.85B | $1.87B | $1.91B |
| Inventory | $1.87B | $1.80B | $1.89B | $1.93B | $1.94B | $1.93B | $2.12B | $2.16B | $2.28B | $2.15B |
| Accounts Payable | $852.00M | $831.00M | $798.00M | $823.00M | $796.00M | $837.00M | $835.00M | $809.00M | $823.00M | $904.00M |
| Current Assets | $5.72B | $5.82B | $5.76B | $5.78B | $5.78B | $5.77B | $5.92B | $5.84B | $5.69B | $5.84B |
| Total Assets | $11.14B | $11.29B | $11.34B | $11.36B | $11.27B | $11.36B | $11.42B | $11.30B | $11.30B | $11.29B |
| Current Liabilities | $2.32B | $2.41B | $2.26B | $2.24B | $2.18B | $2.35B | $2.30B | $2.24B | $2.27B | $2.44B |
| Long-term Debt | $1.69B | $1.69B | $1.69B | $1.69B | $1.70B | $1.70B | $1.72B | $1.72B | $1.76B | $1.71B |
| Total Liabilities | $4.88B | $4.97B | $4.83B | $4.80B | $4.78B | $4.93B | $4.91B | $4.87B | $4.98B | $5.05B |
| Stockholders' Equity | $6.21B | $6.27B | $6.46B | $6.50B | $6.44B | $6.38B | $6.46B | $6.38B | $6.25B | $6.17B |
| Retained Earnings | ($687.00M) | ($673.00M) | ($568.00M) | ($582.00M) | ($583.00M) | ($628.00M) | ($759.00M) | ($860.00M) | ($1.06B) | ($1.16B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($26.00M) | - | - | - | $135.00M | - | - | - | ($78.00M) | - |
| Investing Cash Flow | ($64.00M) | - | - | - | ($81.00M) | - | - | - | ($311.00M) | - |
| Financing Cash Flow | ($115.00M) | - | - | - | ($135.00M) | - | - | - | $43.00M | - |
| CapEx | $65.00M | - | - | - | $84.00M | - | - | - | $69.00M | - |
| Free Cash Flow | ($91.00M) | - | - | - | $51.00M | - | - | - | ($147.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 18.5% | - | 18.9% | 20.4% | 21.3% | - | 21.4% | 26.6% | 21.3% | - |
| Operating margin | 2.3% | - | 4.9% | 6.5% | 7.2% | - | 8.9% | 14.1% | 7.5% | - |
| EBITDA margin | 6.8% | - | 8.9% | 10.5% | 11.5% | - | - | - | 11.4% | - |
| Net margin | 0.9% | - | 1.9% | 4.9% | 3.5% | - | 5.9% | 10.2% | 5.5% | - |
| Free cash flow margin | -4.4% | - | - | - | 2.4% | - | - | - | -6.8% | - |
| FCF / Net income | -4.79 | - | - | - | 0.70 | - | - | - | -1.24 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 16.2% | - | 14.0% | 13.8% | 14.0% | - | 12.6% | 12.5% | 13.7% | - |
| Effective tax rate | 44.1% | - | 40.8% | 0.9% | 39.2% | - | 25.3% | 23.6% | 27.0% | - |
| Return on assets | 0.2% | - | 0.4% | 1.0% | 0.6% | - | 1.1% | 2.0% | 1.1% | - |
| Return on equity | 0.3% | - | 0.7% | 1.7% | 1.1% | - | 2.0% | 3.5% | 1.9% | - |
| Return on invested capital | 0.3% | - | 0.8% | 1.7% | 1.1% | - | 1.8% | 2.9% | 1.5% | - |
| Liquidity | ||||||||||
| Current ratio | 2.47 | 2.42 | 2.55 | 2.58 | 2.65 | 2.46 | 2.57 | 2.61 | 2.50 | 2.40 |
| Quick ratio | 1.66 | 1.67 | 1.71 | 1.72 | 1.76 | 1.64 | 1.65 | 1.64 | 1.50 | 1.51 |
| Cash ratio | 0.58 | 0.65 | 0.53 | 0.48 | 0.53 | 0.52 | 0.43 | 0.37 | 0.21 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | 0.27 | 0.27 | 0.26 | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.28 | 0.28 |
| Debt / Assets | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.15 |
| Debt / EBITDA | 12.14 | - | 8.77 | 7.35 | 7.05 | - | - | - | 7.20 | - |
| Interest coverage | 2.1x | - | 4.9x | 6.5x | 6.9x | - | 9.2x | 14.2x | 6.8x | - |
| Equity multiplier | 1.79 | 1.80 | 1.76 | 1.75 | 1.75 | 1.78 | 1.77 | 1.77 | 1.81 | 1.83 |
| Liabilities / Assets | 0.44 | 0.44 | 0.43 | 0.42 | 0.42 | 0.43 | 0.43 | 0.43 | 0.44 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.19 | 0.19 | 0.19 | - | 0.19 | 0.20 | 0.19 | - |
| Inventory turnover | 0.89 | - | 0.94 | 0.90 | 0.85 | - | 0.81 | 0.75 | 0.74 | - |
| Days sales outstanding | 296d | - | 314d | 317d | 311d | - | 316d | 305d | 316d | - |
| Days inventory outstanding | 409d | - | 390d | 404d | 428d | - | 450d | 484d | 490d | - |
| Days payable outstanding | 186d | - | 165d | 172d | 175d | - | 177d | 182d | 177d | - |
| Cash conversion cycle | 519d | - | 539d | 549d | 563d | - | 589d | 608d | 629d | - |
| Valuation | ||||||||||
| P / E | 376.2x | - | 120.5x | 42.9x | 80.1x | - | 48.4x | 33.4x | 65.1x | - |
| P / B | 1.1x | - | 0.8x | 0.7x | 0.9x | - | 1.0x | 1.2x | 1.2x | - |
| P / S | 3.3x | - | 2.3x | 2.1x | 2.8x | - | 2.9x | 3.4x | 3.6x | - |
| EV / EBITDA | 51.7x | - | 28.0x | 23.0x | 26.4x | - | - | - | 36.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -2.4% | - | -0.7% | -1.3% | -2.4% | - | 0.3% | 5.9% | 9.8% | - |
| Revenue CAGR (3y) | 1.5% | - | 4.8% | 8.2% | 10.8% | - | 17.8% | 16.1% | 19.9% | - |
| Revenue CAGR (5y) | 10.4% | - | 9.5% | 7.9% | 2.2% | - | 0.6% | 0.8% | 2.1% | - |
| Gross profit growth (YoY) | -15.2% | - | -12.2% | -24.4% | -2.4% | - | 0.2% | 29.1% | 11.4% | - |
| Operating income growth (YoY) | -69.1% | - | -44.8% | -54.3% | -6.2% | - | 6.0% | 72.9% | 28.6% | - |
| Net income growth (YoY) | -74.0% | - | -67.7% | -52.2% | -38.7% | - | 14.0% | 45.8% | -5.6% | - |
| EPS growth (YoY) | -73.7% | - | -66.7% | -49.1% | -36.7% | - | 13.8% | 46.2% | -6.3% | - |
| EPS CAGR (3y) | -46.1% | - | 11.2% | 17.2% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 43.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.5% | -1.7% | -0.1% | 2.0% | 3.1% | 3.4% | 17.1% | 17.4% | 19.1% | 21.0% |
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%
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 |