NOV

MKT CAP:$7B

NOV Inc.

Market Cap

$7B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Energy·Oil & Gas Equipment & Services·🇺🇸·NYSE

Stock Price

$19.10+$2.69 (+16.39%)

Apr 17, 2026

Company Details

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Te...

CEO

Jose A. Bayardo

IPO Date

Oct 29, 1996

Website

www.nov.com

Key Metrics TTM

Revenue

$8.2B

+8.1% YoY

Net Income

$796M

EPS (Diluted)

$2.03

Free Cash Flow

$658M

Revenue / Share

$21.91

Gross Margin

19.6%

Operating Margin

5.9%

Net Margin

9.7%

FCF Margin

8.0%

P/S

0.9x

P/E

9.3x

Earnings Reports

Q3 2025

Apr 27, 2026

PENDING

FY 2025

Feb 12, 2026

$8.7B-1.4%EPS $0.39

Q2 2025

Jul 29, 2025

$2.2BEPS $0.29

FY 2024

Feb 14, 2025

$8.9B+3.3%EPS $1.60

Q3 2024

Oct 25, 2024

$2.2BEPS $0.33

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$2.2B	$244M	-$189M
Q2 16	$1.7B	$35M	-$270M
Q3 16	$1.6B	$79M	-$1.2B
Q4 16	$1.7B	-$459M	-$766M
Q2 19	$2.1B	$62M	-$5.7B
Q4 19	$2.3B	$376M	-$349M
Q1 20	$1.9B	$224M	-$1.9B
Q4 20	$1.3B	-$66M	-$301M
Q4 21	$1.5B	$202M	-$15M
Q4 23	$2.3B	$497M	$161M
Q3 24	$2.2B	$469M	$194M
Q2 25	$2.2B	$446M	$143M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q2 16	—	—
Q3 16	—	—
Q4 16	1.0x	—
Q2 19	1.0x	—
Q4 19	1.0x	—
Q1 20	0.9x	—
Q4 20	1.0x	—
Q4 21	1.1x	—
Q4 23	1.0x	—
Q3 24	1.0x	21.6x
Q2 25	0.9x	9.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$621M	$537M
Q2 16	$128M	$51M
Q3 16	$58M	-$2M
Q4 16	$153M	$90M
Q2 19	-$73M	-$127M
Q4 19	$473M	$406M
Q1 20	$39M	-$29M
Q4 20	$186M	$133M
Q4 21	$36M	-$28M
Q4 23	$377M	$301M
Q3 24	$359M	$277M
Q2 25	$191M	$108M

Capital Expenditures

Quarter	CapEx
Q1 16	$84M
Q2 16	$77M
Q3 16	$60M
Q4 16	$63M
Q2 19	$54M
Q4 19	$67M
Q1 20	$68M
Q4 20	$53M
Q4 21	$64M
Q4 23	$76M
Q3 24	$82M
Q2 25	$83M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	-2.6%	+230.5%
Q4 19	+32.3%	+31.9%
Q1 20	+14.4%	+35.3%
Q4 20	-21.6%	-33.8%
Q4 21	-28.8%	-80.5%
Q4 23	+2.7%	-17.0%
Q3 24	+16.4%	-47.9%
Q2 25	+64.9%	+25.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$29M	1.3%
Q2 16	$21M	1.2%
Q3 16	$28M	1.7%
Q4 16	$29M	1.7%
Q2 19	$30M	1.4%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q4 20	$0	0.0%
Q4 21	$0	0.0%
Q4 23	$17M	0.7%
Q3 24	$17M	0.8%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 16	$433M
Q2 16	$305M
Q3 16	$293M
Q4 16	$307M
Q2 19	$417M
Q4 19	$289M
Q1 20	$283M
Q4 20	$235M
Q4 21	$217M
Q4 23	$336M
Q3 24	$275M
Q2 25	$303M

Revenue Segments

Quarter	Completion And Production Solutions	Rig Technologies	Wellbore Technologies
Q2 19	$663M	$671M	$850M
Q4 21	$549M	$431M	$576M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.4B	$0	$1.4B
Q2 22	$1.2B	$0	$1.2B
Q3 22	$998M	$0	$998M
Q4 22	$1.1B	$0	$1.1B
Q1 23	$774M	$0	$774M
Q2 23	$592M	$0	$592M
Q3 23	$513M	$0	$513M
Q4 23	$816M	$0	$816M
Q1 24	$468M	$0	$468M
Q2 24	$827M	$0	$827M
Q3 24	$985M	$0	$985M
Q4 24	$1.2B	$0	$1.2B
Q1 25	$1.2B	$0	$1.2B
Q2 25	$1.1B	$0	$1.1B
Q3 25	$1.2B	$0	$1.2B
Q4 25	$1.6B	$0	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	375M	—	—
Q2 16	375M	0.0%	—
Q3 16	376M	+0.3%	—
Q4 16	376M	0.0%	—
Q2 19	382M	+1.6%	+1.9%
Q4 19	382M	0.0%	+1.9%
Q1 20	383M	+0.3%	+1.9%
Q4 20	385M	+0.5%	+2.4%
Q4 21	387M	+0.5%	+1.3%
Q4 23	397M	+2.6%	+3.9%
Q3 24	395M	-0.5%	+3.1%
Q2 25	376M	-4.8%	-2.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$43.6K	50K
Q2 16	$34.3K	50K
Q3 16	$32.8K	50K
Q4 16	$46.2K	37K
Q2 19	$60.8K	35K
Q4 19	$64.3K	35K
Q1 20	$53.1K	35K
Q4 20	$48.0K	28K
Q4 21	$56.1K	27K
Q4 23	$69.6K	34K
Q3 24	$65.1K	34K
Q2 25	$235.3K	9K

Revenue / Employee