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Stock research / United States / NOV · Oil & Gas Field Machinery & Equipment · NYSE

NOV Inc. (NOV)

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NOV Inc. (NOV) reported revenue of $2.1 billion for Q2 FY2026, the quarter ended 30 June 2026, down 2.5% on the same quarter a year earlier. Net income was $112 million, up 3.7% on the year, and diluted earnings per share $0.31. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$2.1 billiondown 2.5%
Net income$112 millionup 3.7%
Diluted EPS$0.31
QuarterQ2 FY2026ended 30 June 2026

NOV (NOV) in brief

NOV (NOV) reported revenue of $8.7 billion for fiscal 2025, the year ended 31 December 2025, down 1.4% on the year before.
Read moreNet income was $145 million and diluted earnings per share $0.39. Revenue was $8.9 billion in fiscal 2024, $8.6 billion in fiscal 2023, $7.2 billion in fiscal 2022 and $5.5 billion in fiscal 2021. Net income in the same years was $635 million, $993 million, $155 million and a loss of $250 million. Over the twelve months to 30 June 2026, NOV reported revenue of $8.6 billion and net income of $95 million. Revenue grew 7.5% a year, compounded, over the five years to fiscal 2025. NOV declared $0.51 a share in dividends over the last four quarters and had 357 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.7 billion of debt and $1.2 billion of cash. At the close of 8 October 2026 the market cap of NOV was $6.8 billion, 73.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE1.5%
ROCE5.5%
Operating margin5.1%
Net margin1.1%
FCF margin6.5%
Interest cover5.05
Debt to equity0.27
Cash conversion9.64
Share count, 1 year-4.1%
Sales CAGR, 3 years6.5%
Profit CAGR, 3 years-2.2%
EPS, TTM$0.26

At the close of 8 October 2026

Price$18.99
Market cap$6.8 billion
Stock P/E73.04
Price to book1.09
EV / EBITDA9.12
Dividend yield2.7%
Market cap / sales0.79
52-week high$21.71
52-week low$12.31
Price, 1 year39.0%
Price CAGR, 3 years-1.7%
Price CAGR, 5 years5.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as NOV Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NOVgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NOV

Filings18 in twelve months: 9 current reports (8-K), about 5 results of operations; 4 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales7 Form 144 notices in twelve months, $6.1 million; latest 31 July 2026
Options tapeput/call 0.03 by open interest at the 8 October 2026 close; the straddle prices a 5.1% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading6 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest27.4 million shares short, 10.26 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,1852,3432,1552,2162,1912,3082,1032,1882,1762,2772,0522,134
Cost of revenue1,7171,8461,6971,6261,7221,8151,6561,7421,7641,8151,6731,613
Gross profit468497458590469493447446412462379521
Gross margin21%21%21%27%21%21%21%20%19%20%18%24%
SG&A285336296277275286295303305300332328
Operating income18316116231319420715214310792.047.0193
Operating margin8%7%8%14%9%9%7%7%5%4%2%9%
Interest expense23.023.024.022.021.024.022.022.022.022.022.021.0
Pre-tax income15613516529317419912111573.066.035.0157
Tax rate31%-341%27%24%25%19%39%1%40%223%43%26%
Net income11459811922613016073.010842.0-78.019.0112
Net margin5%26%6%10%6%7%3%5%2%-3%1%5%
Diluted EPS$0.29$1.51$0.30$0.57$0.33$0.41$0.19$0.29$0.11-$0.21$0.05$0.31
Operating cash flow40.0377-78.0432359591135191352573-26.017.0
Capital expenditure74.076.069.082.082.011884.083.010710165.081.0
Free cash flow-34.0301-14735027747351.0108245472-91.0-64.0
Buybacksn/an/an/an/a80.0n/a81.069.080.085.067.063.0
Dividends paid20.019.020.030.029.029.028.010728.027.033.064.0
Shares outstanding394m394m396m394m389m382m378m373m367m361m360m357m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue21,44014,7577,2517,3048,4538,4796,0905,5247,2378,5838,8708,7448,639
Cost of revenue15,63111,6947,3526,4127,0097,6345,6564,7505,9036,7506,8606,9776,865
Gross profit5,8093,063-1018921,4448454347741,3341,8332,0101,7671,774
Gross margin27.1%20.8%-1.4%12.2%17.1%10.0%7.1%14.0%18.4%21.4%22.7%20.2%20.5%
Selling, general and administrative2,0921,7641,3381,1691,2331,3039689081,0701,1821,1341,2031,265
Operating income3,613-390-2,411-277211-6,279-2,425-134264651876494439
Operating margin16.9%-2.6%-33.3%-3.8%2.5%-74.1%-39.8%-2.4%3.6%7.6%9.9%5.6%5.1%
Interest expense10510310510293.010084.077.078.088.091.088.087.0
Pre-tax income3,494-589-2,623-39241.0-6,462-2,779-230238612831375331
Income tax1,039178-207-15663.0-369-24215.083.0-373196224232
Effective tax rate29.7%n/an/an/a153.7%n/an/an/a34.9%-60.9%23.6%59.7%70.1%
Net income2,502-769-2,412-237-31.0-6,095-2,542-25015599363514595.0
Net margin11.7%-5.2%-33.3%-3.2%-0.4%-71.9%-41.7%-4.5%2.1%11.6%7.2%1.7%1.1%
Diluted EPS$5.82-$1.99-$6.41-$0.63-$0.08-$15.96-$6.62-$0.65$0.39$2.50$1.60$0.39$0.26
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Sales5,7755,8305,82766.2%
Service1,7891,9911,95422.2%
Rental1,0191,04996310.9%
Royalty Revenue78.067.057.00.6%
SalesServiceRentalRoyalty Revenue
8,661FY20238,937FY20248,801FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
Other Countries4,5724,5543,94345.1%
United States2,9332,9842,99834.3%
NO47371490710.4%
Brazil60561889610.2%
Other CountriesUnited StatesNOBrazil
8,583FY20238,870FY20248,744FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow2,6141,332960832521714926291-1791431,3041,251916
Capital expenditure699453284192244233226201214283351375354
Free cash flow1,91587967664027748170090.0-393-140953876562
Free cash flow margin8.9%6.0%9.3%8.8%3.3%5.7%11.5%1.6%-5.4%-1.6%10.7%10.0%6.5%
Cash from investing-1,104-514-488-245-457-315-144-196-238-293-471-362-314
Cash from financing-1,343-2,163-1,141-595-30.0-647-259-189-96.0-103-406-584-514
Depreciation and amortisation778747703698690533352306301302343355364
Share-based compensation10110910712411013010578.067.066.070.067.075.0
Buybacks7792,221n/an/an/an/an/an/an/an/a229315295
Dividends paid70371023076.076.077.019.020.078.079.0108190152
Dividend per share$1.64$1.84$0.61$0.20$0.20$0.20$0.05$0.05$0.20$0.20$0.28$0.51n/a
Diluted shares, weighted430m387m376m377m378m382m384m386m394m397m396m375m362m
Shares outstanding at period end419m376m379m380m383m386m388m393m393m394m382m361m357m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity20,69216,38313,94014,09413,8197,7785,2104,9975,0966,1686,3766,2686,205
Non-controlling interest80.077.063.066.070.068.069.067.038.074.052.054.056.0
Debt3,1663,9093,2142,7122,7111,9891,8341,7131,7301,7251,7401,7181,706
Operating lease liabilitiesn/an/an/an/an/a424376357334343301289293
Finance lease liabilitiesn/an/an/an/a222250236219215215243232227
Other liabilities9,6245,6013,9233,3342,9742,6402,2042,1972,7222,7692,6492,7302,712
Total liabilities and equity33,56225,97021,14020,20619,79613,1499,9299,55010,13511,29411,36111,29111,199
Owned
Fixed assets3,3623,1243,1503,0022,7972,3541,9271,8231,7811,8651,9222,0502,016
Goodwill8,5396,9806,0676,2276,2642,8071,4931,5271,5051,5621,6301,5821,584
Intangible assets4,4443,8493,5303,3013,020852527503490450508455438
Cash and equivalents3,5362,0801,4081,4371,4271,1711,6921,5911,0698161,2301,5521,164
Receivables4,4162,9262,0832,0152,1011,8551,2741,3211,7391,9051,8191,7011,813
Inventory5,2814,6783,3253,0032,9862,1971,4081,3311,8132,1511,9321,7991,947
Other assets3,9842,3331,5771,2211,2011,9131,6081,4541,7382,5452,3202,1522,237
Total assets33,56225,97021,14020,20619,79613,1499,9299,55010,13511,29411,36111,29111,199
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-5.1%7.5%6.5%-1.7%
Profit growth, compoundedn/an/a-2.2%-79.8%
Return on equity, average-12.0%5.3%9.5%2.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
All 41 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$695.7 billion64.8849.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$401.1 billion55.6658.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$366.0 billion34.2755.9%17.5%18.4%1.440.7%
Deere & Co. DE$176.0 billion36.2517.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$164.9 billion43.1918.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$94.0 billion26.7826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.4 billion24.00110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$71.6 billion26.5921.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$55.9 billion18.1615.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.4 billion38.509.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.3 billion32.109.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.4 billion24.1835.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$26.6 billion44.8615.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7714.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$23.8 billion24.289.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.7 billion34.9119.5%18.8%10.5%0.350.2%
Nordson Corp. NDSN$18.2 billion33.0517.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9615.7%14.7%12.7%0.81n/a
ITT Inc. ITT$17.8 billion38.968.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.1 billion33.3513.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.4 billion49.489.3%23.6%17.3%0.230.0%
CNH Industrial N.V. CNH$15.4 billion49.844.0%n/a0.6%3.332.0%
Lincoln Electric Holdings Inc. LECO$14.1 billion25.8535.6%17.1%9.3%0.741.2%
BWX Technologies, Inc. BWXT$13.0 billion36.8426.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.6421.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.6 billion16.3460.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.6517.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$10.7 billion32.994.7%11.7%3.5%0.660.9%
Donaldson Co. Inc. DCI$10.1 billion22.6425.7%15.4%5.3%0.731.4%
Toro Co. TTC$9.2 billion25.8927.2%10.3%5.2%0.721.6%
Flowserve Corp. FLS$8.9 billion24.4416.4%8.5%-0.3%0.941.2%
Pentair plc PNR$8.5 billion13.1417.4%20.3%-2.1%0.431.9%
SPX Technologies, Inc. SPXC$8.4 billion30.3211.9%16.2%20.6%0.260.4%
Timken Co. TKR$7.9 billion30.998.1%10.5%5.5%0.641.2%
Agco Corp. AGCO$7.6 billion14.9613.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.7715.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion73.041.5%5.1%-1.7%0.272.7%
Weatherford International plc WFRD$5.5 billion15.1720.5%12.7%-7.2%0.811.3%
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Esab Corp. ESAB$4.0 billion23.256.8%12.1%9.7%0.940.6%
3 companies share its SEC industry code (Oil & Gas Field Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 202429 July 2024EDGAR
10-Q31 March 202426 April 2024EDGAR

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