NOV Inc. NOV
NOV Inc. ("NOV" or the "Company") is a leading independent equipment and technology provider to the global energy industry. NOV and its predecessor companies have spent over 160 years helping transform oil and gas development and improving its cost-effectiveness, efficiency, safety, and environmental impact.
NOV's extensive proprietary technology portfolio supports the industry's drilling, completion, and production needs. With unmatched cross-segment capabilities, scope, and scale, NOV continues to develop and introduce technologies that further enhance the economics and efficiencies of energy production, with a focus on digital, automation, and robotics solutions.
Lower-cost, reliable sources of energy significantly contribute to raising the global standard of living by powering economic development, enabling better infrastructure and facilitating the production of goods and services that improve quality of life. Over the past few decades, the Company has pioneered and refined key technologies to improve the economic viability of frontier resources, including unconventional and deepwater oil and gas. More recently, by applying its deep expertise and technology, NOV has developed solutions to improve the economics of alternative energy sources.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $774.0M | $434.0M | $845.0M | $1.44B | $892.0M | -$101.0M |
| SG&A | $1.20B | $1.13B | $1.18B | $1.07B | $908.0M | $968.0M | $1.30B | $1.23B | $1.17B | $1.34B |
| Operating income | $494.0M | $876.0M | $651.0M | $264.0M | -$134.0M | -$2.42B | -$6.28B | $211.0M | -$277.0M | -$2.41B |
| Interest expense | $88.0M | $91.0M | $88.0M | $78.0M | $77.0M | $84.0M | $100.0M | $93.0M | $102.0M | $105.0M |
| Pre-tax income | $375.0M | $831.0M | $612.0M | $238.0M | -$230.0M | -$2.78B | -$6.46B | $41.0M | -$392.0M | -$2.62B |
| Income tax | $224.0M | $196.0M | $373.0M | $83.0M | $15.0M | $242.0M | $369.0M | $63.0M | $156.0M | $207.0M |
| Net income | $145.0M | $635.0M | $993.0M | $155.0M | -$250.0M | -$2.54B | -$6.09B | -$31.0M | -$237.0M | -$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 |
| Shares, diluted (wtd. avg.) | $375.0M | $396.0M | $397.0M | $394.0M | $386.0M | $384.0M | $382.0M | $378.0M | $377.0M | $376.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.55B | $1.23B | $816.0M | $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 |
| Total current assets | $5.82B | $5.77B | $5.84B | $5.49B | $4.90B | $5.21B | $6.11B | $7.28B | $7.22B | $7.88B |
| Property, plant and equipment | $2.05B | $1.92B | $1.86B | $1.78B | $1.82B | $1.93B | $2.35B | $2.80B | $3.00B | $3.15B |
| Goodwill | $1.58B | $1.63B | $1.56B | $1.50B | $1.53B | $1.49B | $2.81B | $6.26B | $6.23B | $6.07B |
| Other intangibles | $455.0M | $508.0M | $450.0M | $490.0M | $503.0M | $527.0M | $852.0M | $3.02B | $3.30B | $3.53B |
| Total assets | $11.29B | $11.36B | $11.29B | $10.13B | $9.55B | $9.93B | $13.15B | $19.80B | $20.21B | $21.14B |
| Accounts payable | $831.0M | $837.0M | $904.0M | $906.0M | $612.0M | $489.0M | $715.0M | $722.0M | $510.0M | $414.0M |
| Short-term debt | $30.0M | $37.0M | $13.0M | $13.0M | $5.0M | — | — | $7.0M | $6.0M | $506.0M |
| Total current liabilities | $2.41B | $2.35B | $2.44B | $2.44B | $1.91B | $1.87B | $2.25B | $2.34B | $2.35B | $3.05B |
| Long-term debt | $1.69B | $1.70B | $1.71B | $1.72B | $1.71B | $1.83B | $1.99B | $2.48B | $2.71B | $2.71B |
| Total liabilities | $4.97B | $4.93B | $5.05B | $5.00B | $4.49B | $4.65B | $5.30B | $5.91B | $6.05B | $7.14B |
| Retained earnings | -$673.0M | -$628.0M | -$1.16B | -$2.07B | -$2.15B | -$1.88B | $690.0M | $6.86B | $6.97B | $7.29B |
| Total equity | $6.27B | $6.38B | $6.24B | $5.13B | $5.06B | $5.28B | $7.85B | $13.89B | $14.16B | $14.00B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.30B | $143.0M | -$179.0M | $291.0M | $926.0M | $714.0M | $521.0M | $832.0M | $960.0M |
| Depreciation and amortisation | $300.0M | $294.0M | $260.0M | $250.0M | $264.0M | $302.0M | $355.0M | $349.0M | $359.0M | $370.0M |
| Stock-based compensation | $67.0M | $70.0M | $66.0M | $67.0M | $78.0M | $105.0M | $130.0M | $110.0M | $124.0M | $107.0M |
| Capital expenditure | $375.0M | $351.0M | $283.0M | $214.0M | $201.0M | $226.0M | $233.0M | $244.0M | $192.0M | $284.0M |
| Investing cash flow | -$362.0M | -$471.0M | -$293.0M | -$238.0M | -$196.0M | -$144.0M | -$315.0M | -$457.0M | -$245.0M | -$488.0M |
| Financing cash flow | -$584.0M | -$406.0M | -$103.0M | -$96.0M | -$189.0M | -$259.0M | -$647.0M | -$30.0M | -$595.0M | -$1.14B |
| Dividends paid | $190.0M | $108.0M | $79.0M | $78.0M | $20.0M | $19.0M | $77.0M | $76.0M | $76.0M | $230.0M |
| Buybacks | $315.0M | $229.0M | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-148884.
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