NOV Inc. (NOV) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.14	$0.05	-64.3%	—	—	—
Q2 26	$0.25	-$0.52	-308.0%	—	—	—
Q1 26	$0.25	$0.11	-56.0%	—	—	—
Q4 25	$0.29	$0.29	0.0%	—	—	—
Q3 25	$0.25	$0.19	-24.0%	—	—	—
Q2 25	$0.36	$0.41	+13.9%	—	—	—
Q1 25	$0.37	$0.33	-10.8%	—	—	—
Q4 24	$0.35	$0.57	+62.9%	—	—	—
Q3 24	$0.27	$0.3	+11.1%	—	—	—
Q2 24	$0.42	$1.51	+259.5%	—	—	—
Q1 24	$0.34	$0.29	-14.7%	—	—	—
Q4 23	$0.3	$0.39	+30.0%	—	—	—
Q3 23	$0.22	$0.32	+45.5%	—	—	—
Q2 23	$0.24	$0.26	+8.3%	—	—	—
Q1 23	$0.16	$0.08	-50.0%	—	—	—
Q4 22	$0.04	$0.22	+450.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.39	—	—	$8.7B	—
FY24	—	$1.62	—	—	$8.9B	—
FY23	—	$2.53	—	—	$8.6B	—
FY22	—	$0.4	—	—	$7.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.3B	$7.3B	$8.5B	$8.5B	$6.1B	$5.5B	$7.2B	$8.6B	$8.9B	$8.7B
YoY change	-50.9%	+0.73%	+15.7%	+0.31%	-28.2%	-9.29%	+31%	+18.6%	+3.34%	-1.42%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.3B	7.3B	8.5B	8.5B	6.1B	5.5B	7.2B	8.6B	8.9B	8.7B
Cost of revenue	7.4B	6.4B	7B	7.6B	5.7B	4.8B	5.9B	6.8B	6.9B	7B
Gross profit	-101M	892M	1.4B	845M	434M	774M	1.3B	1.8B	2B	1.8B
Gross margin	-1.39%	12.2%	17.1%	9.97%	7.13%	14%	18.4%	21.4%	22.7%	20.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.3B	1.2B	1.2B	1.3B	968M	908M	1.1B	1.2B	1.1B	1.2B
Operating expenses	1.3B	1.2B	1.2B	1.3B	968M	908M	1.1B	1.2B	1.1B	1.2B
Operating income	-1.4B	-277M	211M	-458M	-534M	-134M	264M	651M	876M	564M
Operating margin	-19.8%	-3.79%	2.5%	-5.4%	-8.77%	-2.43%	3.65%	7.58%	9.88%	6.45%
Non-operating income, net	-1.1B	-38M	-102M	-5.9B	-2.2B	-28M	33M	21M	8M	-152M
Pretax income	-2.6B	-392M	41M	-6.5B	-2.8B	-230M	238M	612M	831M	375M
Income tax	-207M	-156M	63M	-369M	-242M	15M	83M	-373M	196M	224M
Net income	-2.4B	-236M	-22M	-6.1B	-2.5B	-245M	155M	985M	635M	151M
Net margin	-33.3%	-3.23%	-0.26%	-71.9%	-41.7%	-4.44%	2.14%	11.5%	7.16%	1.73%
EBITDA	-843M	408M	824M	-8M	-452M	153M	617M	1B	1.3B	888M
EPS	-6.41	-0.63	-0.08	-16	-6.62	-0.65	0.4	2.53	1.62	0.39
Diluted EPS	-6.41	-0.63	-0.08	-16	-6.62	-0.65	0.39	2.5	1.6	0.39

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	2.2B	2.3B	2.1B	2.1B
Cost of revenue	—	—	—	—	—	—	—	—	1.8B	1.8B	1.7B	1.6B
Gross profit	468M	—	—	—	—	—	—	—	412M	462M	379M	521M
Gross margin	—	—	—	—	—	—	—	—	18.9%	20.3%	18.5%	24.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	305M	300M	332M	328M
Operating expenses	—	—	—	—	—	—	—	—	305M	300M	332M	328M
Operating income	—	—	—	—	—	—	—	—	107M	162M	47M	193M
Operating margin	—	—	—	—	—	—	—	—	4.92%	7.11%	2.29%	9.04%
Non-operating income, net	—	—	—	—	—	—	—	—	-23M	-93M	-1M	-23M
Pretax income	—	—	—	—	—	—	—	—	73M	66M	35M	157M
Income tax	—	—	—	—	—	—	—	—	29M	147M	15M	41M
Net income	—	—	—	—	—	—	—	—	44M	-81M	20M	116M
Net margin	—	—	—	—	—	—	—	—	2.02%	-3.56%	0.97%	5.44%
EBITDA	—	—	—	—	—	—	—	—	184M	178M	149M	271M
EPS	0.29	1.52	0.3	0.57	0.33	0.41	0.19	0.29	0.11	-0.21	0.05	0.31
Diluted EPS	0.29	1.51	0.3	0.57	0.33	0.41	0.19	0.29	0.11	-0.21	0.05	0.31

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	14.1B	13.6B	9.7B	9.6B	5.3B	5.2B	8.1B	8B	5.7B	5.8B	7B
Enterprise value	15.9B	14.9B	11B	11.2B	6.1B	6B	9.4B	9.5B	6.9B	6.6B	8.3B
Shares outstanding	376M	377M	378M	382M	384M	386M	390M	393M	392M	372M	372M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	52.6	8.09	9.01	38.5	72.9
P/S	1.94	1.86	1.15	1.13	0.87	0.95	1.13	0.93	0.65	0.66	0.81
P/B	1.01	0.96	0.7	1.22	1	1.03	1.59	1.28	0.89	0.92	1.13
EV/EBITDA	-18.8	36.4	13.3	-1.4K	-13.6	39.4	15.3	9.51	5.44	7.44	8.41
EV/Sales	2.19	2.03	1.3	1.32	1.01	1.09	1.3	1.11	0.78	0.76	0.96
Earnings yield	—	—	—	—	—	—	1.9%	12.4%	11.1%	2.6%	1.37%
FCF yield	4.8%	4.71%	2.85%	5.03%	13.3%	1.72%	-4.82%	-1.76%	16.7%	15.1%	9.69%
PEG	—	—	—	—	—	—	—	—	—	—	10.6

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	-1.39%	12.2%	17.1%	9.97%	7.13%	14%	18.4%	21.4%	22.7%	20.2%	24.4%
Operating margin	-19.8%	-3.79%	2.5%	-5.4%	-8.77%	-2.43%	3.65%	7.58%	9.88%	6.45%	7.17%
Net margin	-33.3%	-3.23%	-0.26%	-71.9%	-41.7%	-4.44%	2.14%	11.5%	7.16%	1.73%	1.1%
ROE	-17.3%	-1.67%	-0.16%	-77.7%	-48.1%	-4.84%	3.02%	15.8%	9.88%	2.39%	1.54%
ROA	-11.4%	-1.17%	-0.11%	-46.3%	-25.6%	-2.57%	1.53%	8.72%	5.59%	1.34%	3.45%
ROIC	-9.1%	-1.79%	0%	-4.85%	-8.69%	-2.29%	2.67%	8.34%	8.83%	3.19%	2.05%
Return on tangible assets	-124.2%	-20.5%	-1.79%	-104.5%	-43.1%	-4.46%	2.52%	13.5%	8.96%	2.09%	1.38%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.58	3.07	3.11	2.72	2.79	2.57	2.25	2.4	2.46	2.42	2.42
Quick ratio	1.49	1.79	1.83	1.74	2.04	1.87	1.51	1.51	1.64	1.67	1.61
Debt / equity	0.23	0.19	0.2	0.35	0.48	0.47	0.46	0.38	0.37	0.37	0.37
Debt / assets	0.15	0.13	0.14	0.21	0.26	0.25	0.23	0.21	0.21	0.21	0.21
Net debt / EBITDA	-2.14	3.13	1.56	-200.8	-1.91	5.21	2.1	1.56	0.91	0.89	1.49
Interest coverage	-24	-2.84	1.44	-63.6	-32.1	-1.99	4.05	7.95	10.1	5.26	4.8
Effective tax rate	0%	0%	100%	0%	0%	0%	34.9%	0%	23.6%	59.7%	70.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19.3	19.4	22.4	22.2	15.9	14.3	18.6	21.8	22.6	23.5	23.8
EPS (basic)	-6.41	-0.63	-0.08	-16	-6.62	-0.65	0.4	2.53	1.62	0.39	0.39
EPS (diluted)	-6.41	-0.63	-0.08	-16	-6.62	-0.65	0.39	2.5	1.6	0.39	0.27
Book value per share	37.2	37.6	36.7	20.5	13.7	13.1	13.2	15.9	16.4	17	17.4
FCF per share	1.8	1.7	0.73	1.26	1.82	0.23	-1.01	-0.36	2.43	2.35	1.55
Cash per share	3.74	3.81	3.78	3.07	4.41	4.12	2.74	2.08	3.14	4.17	3.27
Capex per share	0.76	0.51	0.65	0.61	0.59	0.52	0.55	0.72	0.9	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.92%	2.63%	2.89%	2.75%	3.71%	3.64%	2.96%	3.3%	3.96%	—	—
Capex / operating cash flow	172.1%	25.4%	40.5%	-4.21%	-14.9%	66.3%	-64.5%	72.2%	25.2%	—	—
Payout ratio	-9.52%	-32.2%	-345.5%	-1.26%	-0.75%	-8.16%	50.3%	8.02%	17%	125.8%	155.6%
Dividend yield	1.63%	0.56%	0.78%	0.8%	0.36%	0.38%	0.96%	0.99%	1.89%	3.27%	1.85%

Yield

1.85%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.09

ex-dividend Sep 11, 2026

Payout ratio

156%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.09
Jun 12, 2026	$0.09
Jun 1, 2026	$0.09

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$2.2B	$2.3B	$2.1B	$2.1B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.4B	1.4B	1.4B	1.2B	1.7B	1.6B	1.1B	816M	1.2B	1.6B
Receivables	2.1B	2B	2.1B	1.9B	1.3B	1.3B	1.7B	1.9B	1.8B	1.7B
Inventory	3.3B	3B	3B	2.2B	1.4B	1.3B	1.8B	2.2B	1.9B	1.8B
Total current assets	7.9B	7.2B	7.3B	6.1B	5.2B	4.9B	5.5B	5.8B	5.8B	5.8B
Property, plant & equipment	6.8B	5.4B	5.3B	5.5B	1.1B	1.1B	1B	1.1B	1.2B	995M
Goodwill & intangibles	19.2B	19.1B	18.6B	7.3B	4B	4.1B	4B	4B	4.3B	4.1B
Total assets	21.1B	20.2B	19.8B	13.1B	9.9B	9.6B	10.1B	11.3B	11.4B	11.3B
Accounts payable	414M	510M	722M	715M	489M	612M	906M	904M	837M	831M
Short-term debt	506M	6M	7M	114M	110M	104M	100M	107M	139M	131M
Total current liabilities	3B	2.4B	2.3B	2.2B	1.9B	1.9B	2.4B	2.4B	2.3B	2.4B
Long-term debt	2.7B	2.7B	2.7B	2.7B	2.4B	2.3B	2.3B	2.3B	2.2B	2.2B
Total liabilities	7.1B	6B	5.9B	5.3B	4.7B	4.5B	5B	5.1B	4.9B	5B
Shareholders' equity	14B	14.2B	13.9B	7.8B	5.3B	5.1B	5.1B	6.2B	6.4B	6.3B
Total debt	3.2B	2.7B	2.7B	2.8B	2.6B	2.4B	2.4B	2.4B	2.4B	2.3B
Net debt	1.8B	1.3B	1.3B	1.6B	864M	797M	1.3B	1.6B	1.2B	788M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	513M	816M	468M	827M	985M	1.2B	1.2B	1.1B	1.2B	1.6B	1.3B	1.2B
Receivables	2B	1.9B	1.9B	1.9B	1.9B	1.8B	1.8B	1.9B	1.9B	1.7B	1.7B	1.8B
Inventory	2.3B	2.2B	2.3B	2.2B	2.1B	1.9B	1.9B	1.9B	1.9B	1.8B	1.9B	1.9B
Total current assets	5.7B	5.8B	5.7B	5.8B	5.9B	5.8B	5.8B	5.8B	5.8B	5.8B	5.7B	5.8B
Property, plant & equipment	2.4B	1.1B	2.4B	2.4B	2.5B	1.2B	2.5B	2.5B	2.6B	995M	2.5B	2.5B
Goodwill & intangibles	4B	4B	4.2B	4.2B	4.2B	4.3B	4.3B	4.2B	4.2B	4.1B	4B	4B
Total assets	10.5B	11.3B	11.3B	11.3B	11.4B	11.4B	11.3B	11.4B	11.3B	11.3B	11.1B	11.2B
Accounts payable	925M	904M	823M	809M	835M	837M	796M	823M	798M	831M	852M	858M
Short-term debt	106M	107M	143M	123M	129M	139M	140M	141M	135M	131M	127M	114M
Total current liabilities	2.4B	2.4B	2.3B	2.2B	2.3B	2.3B	2.2B	2.2B	2.3B	2.4B	2.3B	2.4B
Long-term debt	2.3B	2.3B	2.3B	2.3B	2.3B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B
Total liabilities	4.9B	5.1B	5B	4.9B	4.9B	4.9B	4.8B	4.8B	4.8B	5B	4.9B	4.9B
Shareholders' equity	5.6B	6.2B	6.3B	6.4B	6.5B	6.4B	6.5B	6.6B	6.5B	6.3B	6.3B	6.3B
Total debt	2.4B	2.4B	2.5B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.3B	2.3B	2.3B
Net debt	1.9B	1.6B	2B	1.6B	1.4B	1.2B	1.2B	1.3B	1.1B	788M	997M	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-2.4B	-236M	-22M	-6.1B	-2.5B	-245M	155M	985M	635M	151M
Depreciation & amortization	703M	698M	690M	533M	352M	306M	301M	302M	343M	355M
Stock-based compensation	107M	124M	110M	130M	105M	78M	67M	66M	70M	67M
Change in working capital	1.9B	492M	-105M	299M	608M	137M	-871M	-422M	254M	377M
Operating cash flow	165M	757M	603M	-5.5B	-1.5B	303M	-332M	392M	1.4B	1.3B
Capital expenditure	-284M	-192M	-244M	-233M	-226M	-201M	-214M	-283M	-351M	—
Investing cash flow	-488M	-245M	-457M	-315M	-144M	-196M	-238M	-293M	-471M	13M
Dividends paid	-230M	-76M	-76M	-77M	-19M	-20M	-78M	-79M	-108M	-190M
Share repurchases	0	0	—	—	—	—	—	—	-229M	-315M
Financing cash flow	-2B	-1.1B	-22M	-1.1B	-409M	-286M	-56M	-88M	-378M	-556M
Net change in cash	-2.4B	-577M	124M	-7B	-2.1B	-179M	-626M	11M	545M	708M
Free cash flow	676M	640M	277M	481M	700M	90M	-393M	-140M	953M	876M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	114M	44M	-81M	20M	116M
Depreciation & amortization	—	—	—	—	—	—	—	87M	89M	90M	92M	93M
Stock-based compensation	—	—	—	—	—	—	—	17M	17M	17M	26M	15M
Change in working capital	—	—	—	—	—	—	—	-65M	134M	257M	-26M	-251M
Operating cash flow	—	—	—	—	—	—	—	191M	352M	573M	-26M	17M
Capital expenditure	-74M	-76M	-69M	-82M	-82M	-118M	-84M	—	—	—	—	—
Investing cash flow	-74M	-76M	-69M	-82M	-82M	-118M	-84M	2M	3M	5M	1M	—
Dividends paid	—	—	—	—	—	—	—	-107M	-28M	-27M	-33M	-64M
Share repurchases	—	—	—	—	—	—	—	-69M	-80M	-85M	-67M	-63M
Financing cash flow	—	—	—	—	—	—	—	-191M	-132M	-105M	-107M	-140M
Net change in cash	-74M	-76M	-69M	-82M	-82M	-118M	-84M	2M	223M	473M	-132M	-123M
Free cash flow	—	—	—	—	—	—	—	108M	245M	472M	-91M	-64M

Date	Ratio
Jun 2, 2014	1109:1000
Oct 1, 2007	2:1
Nov 19, 1997	2:1

NOV Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history