Financials · NOV

NOV Inc. (NOV) financials

For the twelve months ended Sep 30, 2026, NOV Inc. reported $8.69B of revenue and $148.00M of net income.

Revenue, TTM
$8.69B
Revenue growth, YoY
-1.0%
Net income, TTM
$148.00M
Net income growth, YoY
-62.1%
Net margin
1.7%
Free cash flow, TTM
$270.00M
EPS, diluted, TTM
$0.41
EPS growth, YoY
-58.6%
Cash
$1.06B
Total debt
$1.71B
P/E
42.29
P/S
0.72
Market cap
$6.26B
Annual revenue$8.74B
FY2016FY2025
Annual net income$145.00M
FY2016FY2025
Annual free cash flow$876.00M
FY2016FY2025

NOV revenue and earnings growth

NOV revenueQ3 2026$2.23B

Quarter YoY
+2.3%
QoQ
+4.3%
FY YoY
-1.4%
5Y CAGR
+7.5%
10Y CAGR
-5.1%

NOV revenue was $2.23B in fiscal Q3 2026 (ended Sep 30, 2026), up 2.3% from a year earlier and up 4.3% from the prior quarter. For the full fiscal 2025 it was $8.74B, down 1.4% from fiscal 2024. Compound annual growth was +7.5% over 5 years and -5.1% over 10 years. It rose in 6 of the last 10 fiscal years.

NOV net incomeQ3 2026$90.00M

Quarter YoY
+114.3%
QoQ
-22.4%
FY YoY
-77.2%

NOV net income was $90.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 114.3% from a year earlier and down 22.4% from the prior quarter. For the full fiscal 2025 it was $145.00M, down 77.2% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

NOV EPSQ3 2026$0.25

Quarter YoY
+127.3%
QoQ
-19.4%
FY YoY
-75.6%

NOV diluted EPS was $0.25 in fiscal Q3 2026 (ended Sep 30, 2026), up 127.3% from a year earlier and down 19.4% from the prior quarter. For the full fiscal 2025 it was $0.39, down 75.6% from fiscal 2024.

NOV free cash flowQ3 2026-$47.00M

FY YoY
-8.1%
5Y CAGR
+4.6%
10Y CAGR
-0.0%

NOV free cash flow was -$47.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $245.00M a year earlier. For the full fiscal 2025 it was $876.00M, down 8.1% from fiscal 2024. Compound annual growth was +4.6% over 5 years and -0.0% over 10 years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$8.74B$8.87B$8.58B$7.24B$5.52B$6.09B$8.48B$8.45B$7.30B$7.25B
Cost of revenue$6.98B$6.86B$6.75B$5.90B$4.75B$5.66B$7.63B$7.01B$6.41B$7.35B
Gross profit$1.77B$2.01B$1.83B$1.33B$774.00M$434.00M$845.00M$1.44B$892.00M-$101.00M
Selling, general and admin$1.20B$1.13B$1.18B$1.07B$908.00M$968.00M$1.30B$1.23B$1.17B$1.34B
Operating income$494.00M$876.00M$651.00M$264.00M-$134.00M-$2.42B-$6.28B$211.00M-$277.00M-$2.41B
Interest expense$88.00M$91.00M$88.00M$78.00M$77.00M$84.00M$100.00M$93.00M$102.00M$105.00M
Pre-tax income$375.00M$831.00M$612.00M$238.00M-$230.00M-$2.78B-$6.46B$41.00M-$392.00M-$2.62B
Income tax$224.00M$196.00M-$373.00M$83.00M$15.00M-$242.00M-$369.00M$63.00M-$156.00M-$207.00M
Net income$145.00M$635.00M$993.00M$155.00M-$250.00M-$2.54B-$6.09B-$31.00M-$237.00M-$2.41B
EPS, basic$0.39$1.62$2.53$0.40-$0.65-$6.62-$15.96-$0.08-$0.63-$6.41
EPS, diluted$0.39$1.60$2.50$0.39-$0.65-$6.62-$15.96-$0.08-$0.63-$6.41
Diluted shares375.0M396.0M397.0M394.0M386.0M384.0M382.0M378.0M377.0M376.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.55B$1.23B$816.00M$1.07B$1.59B$1.69B$1.17B$1.43B$1.44B$1.41B
Receivables$1.70B$1.82B$1.91B$1.74B$1.32B$1.27B$1.85B$2.10B$2.02B$2.08B
Inventory$1.80B$1.93B$2.15B$1.81B$1.33B$1.41B$2.20B$2.99B$3.00B$3.33B
Current assets$5.82B$5.77B$5.84B$5.49B$4.90B$5.21B$6.11B$7.28B$7.22B$7.88B
Goodwill$1.58B$1.63B$1.56B$1.50B$1.53B$1.49B$2.81B$6.26B$6.23B$6.07B
Total assets$11.29B$11.36B$11.29B$10.13B$9.55B$9.93B$13.15B$19.80B$20.21B$21.14B
Current liabilities$2.41B$2.35B$2.44B$2.44B$1.91B$1.87B$2.25B$2.34B$2.35B$3.05B
Short-term debt$30.00M$37.00M$13.00M$13.00M$5.00M--$7.00M$6.00M$506.00M
Long-term debt$1.69B$1.70B$1.71B$1.72B$1.71B$1.83B$1.99B$2.48B$2.71B$2.71B
Total debt$1.72B$1.74B$1.73B$1.73B$1.71B$1.83B$1.99B$2.49B$2.71B$3.21B
Total liabilities$4.97B$4.93B$5.05B$5.00B$4.49B$4.65B$5.30B$5.91B$6.05B$7.14B
Shareholders' equity$6.27B$6.43B$6.24B$5.13B$5.06B$5.28B$7.85B$13.89B$14.16B$14.00B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$1.25B$1.30B$143.00M-$179.00M$291.00M$926.00M$714.00M$521.00M$832.00M$960.00M
Capital expenditures$375.00M$351.00M$283.00M$214.00M$201.00M$226.00M$233.00M$244.00M$192.00M$284.00M
Free cash flow$876.00M$953.00M-$140.00M-$393.00M$90.00M$700.00M$481.00M$277.00M$640.00M$676.00M
Investing cash flow-$362.00M-$471.00M-$293.00M-$238.00M-$196.00M-$144.00M-$315.00M-$457.00M-$245.00M-$488.00M
Financing cash flow-$584.00M-$406.00M-$103.00M-$96.00M-$189.00M-$259.00M-$647.00M-$30.00M-$595.00M-$1.14B
Dividends paid$190.00M$108.00M$79.00M$78.00M$20.00M$19.00M$77.00M$76.00M$76.00M$230.00M
Share repurchases$315.00M$229.00M--------
Stock-based compensation$67.00M$70.00M$66.00M$67.00M$78.00M$105.00M$130.00M$110.00M$124.00M$107.00M
Depreciation and amortization$355.00M$343.00M$302.00M$301.00M$306.00M$352.00M$533.00M$690.00M$698.00M$703.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-1.4%3.3%18.6%31.0%-9.3%-28.2%0.3%15.7%0.7%-50.9%
Net income growth, YoY-77.2%-36.1%540.6%-------
EPS growth, YoY-75.6%-36.0%541.0%-------
Gross margin20.2%22.7%21.4%18.4%14.0%7.1%10.0%17.1%12.2%-1.4%
Operating margin5.6%9.9%7.6%3.6%-2.4%-39.8%-74.1%2.5%-3.8%-33.3%
Net margin1.7%7.2%11.6%2.1%-4.5%-41.7%-71.9%-0.4%-3.2%-33.3%
Free cash flow margin10.0%10.7%-1.6%-5.4%1.6%11.5%5.7%3.3%8.8%9.3%
Return on equity2.3%9.9%15.9%3.0%-4.9%-48.2%-77.7%-0.2%-1.7%-17.2%
Return on assets1.3%5.6%8.8%1.5%-2.6%-25.6%-46.4%-0.2%-1.2%-11.4%
Current ratio2.422.462.402.252.572.792.723.113.072.58
Debt to equity0.270.270.280.340.340.350.250.180.190.23

Source: XBRL data NOV Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

NOV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NOV$8.69B-1.0%$148.00M1.7%$6.26B
EMR$18.64B+4.8%$2.58B13.8%$90.56B
SLB$36.89B+4.6%$3.10B8.4%$73.68B
BKR$28.74B+3.7%$2.90B10.1%$47.53B
HAL$22.48B+1.5%$2.01B8.9%$26.33B
WFRD$4.69B-5.7%$409.00M8.7%$6.12B
FET$873.93M+10.6%$30.20M3.5%$799.5M

NOV FAQ

9 questions
  • What is NOV revenue?
    NOV Inc. (NOV) reported $8.69B of revenue for the twelve months ended Sep 30, 2026. That is down 1.0% from the year before. Revenue for fiscal 2025 was $8.74B.
  • Is NOV profitable?
    Yes. NOV Inc. earned $148.00M in net income for the twelve months ended Sep 30, 2026, a net margin of 1.7%.
  • How much cash and debt does NOV have?
    NOV Inc. reported $1.06B in cash and cash equivalents and $1.71B of debt on its most recent balance sheet in SEC filings.
  • How fast is NOV revenue growing?
    NOV Inc.'s revenue changed -1.4% in fiscal 2025, to $8.74B. Its compound annual growth rate was +7.5% over 5 years and -5.1% over 10 years.
  • What is NOV gross margin?
    NOV Inc.'s gross profit was $1.80B on $8.69B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 20.7%.
  • What is NOV free cash flow?
    NOV Inc. generated $270.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $605.00M less capital expenditures.
  • What is NOV earnings per share?
    Diluted earnings per share were $0.41 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did NOV last report financial results?
    The latest statements here come from NOV Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
  • Where does this NOV financial data come from?
    Quantisnow builds these statements from the structured XBRL data NOV Inc. files with the SEC. It is provided for information only and is not investment advice.