NOV Inc. NOV

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Mining and Oil and Gas Field Machinery Manufacturing › Oil and Gas Field Machinery and Equipment Manufacturing derived NYSE

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.

Last close 19.76 2026-10-23
Market cap $7.09B 2026-03-31 share count
52-week range 13.85 - 21.93

Valuation FY2025 figures against the last close

P/S0.8x
P/E50.7x
P/FCF8.1x
EV/EBITDA9.1x
Dividend yield2.7%
Diluted EPS0.39

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other Countries
  • United States
  • Norway
  • Brazil
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Other Countries, FY2025: 3.9B (45.1%) 45% Other Countries United States, FY2025: 3B (34.3%) 34% United States Norway, FY2025: 907M (10.4%) 10% Norway Brazil, FY2025: 896M (10.2%) 10% Brazil FY2024 Other Countries, FY2024: 4.6B (51.3%) 51% United States, FY2024: 3B (33.6%) 34% Norway, FY2024: 714M (8.0%) 8% Brazil, FY2024: 618M (7.0%) 7% FY2023 Other Countries, FY2023: 4.6B (53.3%) 53% United States, FY2023: 2.9B (34.2%) 34% Norway, FY2023: 473M (5.5%) 6% Brazil, FY2023: 605M (7.0%) 7%
Region FY2025FY2024FY2023
Other Countries $3.94B $4.55B $4.57B
United States $3.00B $2.98B $2.93B
Norway $907.0M $714.0M $473.0M
Brazil $896.0M $618.0M $605.0M

As the company reported it, from the “Business Segments and Geographic Areas - Revenues by Country Based on Sales Destination of Products or Service (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.391.622.530.40-0.65-6.62-15.96-0.08-0.63-6.41
EPS, diluted 0.391.602.500.39-0.65-6.62-15.96-0.08-0.63-6.41
Shares, diluted (wtd. avg.) 375.0M396.0M397.0M394.0M386.0M384.0M382.0M378.0M377.0M376.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B -5B 0 5B 10B Revenue, FY2016: 7.3B Gross profit, FY2016: -101M Net income, FY2016: -2.4B Revenue, FY2017: 7.3B Gross profit, FY2017: 892M Net income, FY2017: -237M Revenue, FY2018: 8.5B Gross profit, FY2018: 1.4B Net income, FY2018: -31M Revenue, FY2019: 8.5B Gross profit, FY2019: 845M Net income, FY2019: -6.1B Revenue, FY2020: 6.1B Gross profit, FY2020: 434M Net income, FY2020: -2.5B Revenue, FY2021: 5.5B Gross profit, FY2021: 774M Net income, FY2021: -250M Revenue, FY2022: 7.2B Gross profit, FY2022: 1.3B Net income, FY2022: 155M Revenue, FY2023: 8.6B Gross profit, FY2023: 1.8B Net income, FY2023: 993M Revenue, FY2024: 8.9B Gross profit, FY2024: 2B Net income, FY2024: 635M Revenue, FY2025: 8.7B Gross profit, FY2025: 1.8B Net income, FY2025: 145M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.25B $7.30B $8.45B $8.48B $6.09B $5.52B $7.24B $8.58B $8.87B $8.74B
Gross profit -$101.0M $892.0M $1.44B $845.0M $434.0M $774.0M $1.33B $1.83B $2.01B $1.77B
Net income -$2.41B -$237.0M -$31.0M -$6.09B -$2.54B -$250.0M $155.0M $993.0M $635.0M $145.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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