NYSE : NOV
NOV Inc. — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 19.29 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.88B
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Financial statements
NOV Inc. (NOV) reported revenue of 8.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 8.69B | 8.74B | 8.87B | 8.58B | 7.24B | 5.52B |
| Cost of Revenue | 6.84B | 6.88B | 6.84B | 6.74B | 5.84B | 4.75B |
| Gross Profit | 1.85B | 1.86B | 2.03B | 1.84B | 1.40B | 774.00M |
| Selling, General & Admin | 1.24B | 1.19B | 1.13B | 1.14B | 1.02B | 908.00M |
| Operating Expenses | 1.24B | 1.19B | 1.13B | 1.14B | 1.02B | 908.00M |
| Operating Income | 612.00M | 677.00M | 897.00M | 702.00M | 378.00M | -134.00M |
| Interest Expense | -86.00M | -88.00M | -91.00M | -88.00M | -78.00M | -77.00M |
| Interest & Investment Income | 47.00M | 51.00M | 38.00M | 28.00M | 19.00M | 9.00M |
| Earnings From Equity Investments | -21.00M | -16.00M | 36.00M | 119.00M | 68.00M | -5.00M |
| Currency Exchange Gain (Loss) | -40.00M | -55.00M | -19.00M | -84.00M | -25.00M | -16.00M |
| Other Non Operating Income (Expenses) | 7.00M | -11.00M | -9.00M | -14.00M | -10.00M | -7.00M |
| EBT Excluding Unusual Items | 519.00M | 558.00M | 852.00M | 663.00M | 352.00M | -230.00M |
| Merger & Restructuring Charges | -89.00M | -89.00M | -21.00M | |||
| Impairment of Goodwill | -40.00M | -40.00M | ||||
| Asset Writedown | -30.00M | -30.00M | ||||
| Legal Settlements | -24.00M | -24.00M | ||||
| Other Unusual Items | 45.00M | -51.00M | -114.00M | |||
| Pretax Income | 381.00M | 375.00M | 831.00M | 612.00M | 238.00M | -230.00M |
| Income Tax Expense | 231.00M | 224.00M | 196.00M | -373.00M | 83.00M | 15.00M |
| Earnings From Continuing Operations | 150.00M | 151.00M | 635.00M | 985.00M | 155.00M | -245.00M |
| Minority Interest in Earnings | -7.00M | -6.00M | 8.00M | -5.00M | ||
| Net Income | 143.00M | 145.00M | 635.00M | 993.00M | 155.00M | -250.00M |
| Net Income to Common | 143.00M | 145.00M | 635.00M | 993.00M | 155.00M | -250.00M |
| Shares Outstanding (Basic) | 360.00M | 372.00M | 392.00M | 393.00M | 390.00M | 386.00M |
| Shares Outstanding (Diluted) | 364.50M | 375.00M | 396.00M | 397.00M | 394.00M | 386.00M |
| EPS (Basic) | 0.40 | 0.39 | 1.62 | 2.53 | 0.40 | -0.65 |
| EPS (Diluted) | 0.40 | 0.39 | 1.60 | 2.50 | 0.39 | -0.65 |
| Free Cash Flow | 270.00M | 876.00M | 953.00M | -140.00M | -393.00M | 90.00M |
| Free Cash Flow Per Share | 0.74 | 2.34 | 2.41 | -0.35 | -1.00 | 0.23 |
| Dividend Per Share | 0.34 | 0.30 | 0.28 | 0.20 | 0.20 | 0.05 |
| Gross Margin | 21.31% | 21.31% | 22.89% | 21.47% | 19.30% | 14.01% |
| Operating Margin | 7.04% | 7.74% | 10.11% | 8.18% | 5.22% | -2.43% |
| Profit Margin | 1.65% | 1.66% | 7.16% | 11.57% | 2.14% | -4.53% |
| Free Cash Flow Margin | 3.11% | 10.02% | 10.74% | -1.63% | -5.43% | 1.63% |
| EBITDA | 980.00M | 1.03B | 1.24B | 1.00B | 679.00M | 172.00M |
| EBITDA Margin | 11.28% | 11.80% | 13.98% | 11.70% | 9.38% | 3.11% |
| D&A For EBITDA | 368.00M | 355.00M | 343.00M | 302.00M | 301.00M | 306.00M |
| EBIT | 612.00M | 677.00M | 897.00M | 702.00M | 378.00M | -134.00M |
| EBIT Margin | 7.04% | 7.74% | 10.11% | 8.18% | 5.22% | -2.43% |
| Effective Tax Rate | 60.63% | 59.73% | 23.59% | 34.87% | ||
| Revenue as Reported | 8.74B | 8.74B | 8.87B | 8.58B | 7.24B | 5.52B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.06B | 1.55B | 1.23B | 816.00M | 1.07B | 1.59B |
| Cash & Short-Term Investments | 1.06B | 1.55B | 1.23B | 816.00M | 1.07B | 1.59B |
| Receivables | 2.57B | 2.30B | 2.40B | 2.64B | 2.42B | 1.78B |
| Inventory | 1.96B | 1.80B | 1.93B | 2.15B | 1.81B | 1.33B |
| Prepaid Expenses | 216.00M | 167.00M | 207.00M | 210.00M | 179.00M | 180.00M |
| Other Current Assets | 10.00M | 5.00M | 5.00M | 19.00M | 8.00M | 18.00M |
| Total Current Assets | 5.81B | 5.82B | 5.77B | 5.84B | 5.49B | 4.90B |
| Property, Plant & Equipment | 2.49B | 2.55B | 2.47B | 2.41B | 2.30B | 2.36B |
| Long-Term Investments | 153.00M | 163.00M | 163.00M | 211.00M | 117.00M | 50.00M |
| Goodwill | 1.59B | 1.58B | 1.63B | 1.56B | 1.50B | 1.53B |
| Other Intangible Assets | 429.00M | 455.00M | 508.00M | 450.00M | 490.00M | 503.00M |
| Long-Term Accounts Receivable | 144.00M | 133.00M | ||||
| Long-Term Deferred Tax Assets | 344.00M | 358.00M | 413.00M | 488.00M | ||
| Other Long-Term Assets | 270.00M | 228.00M | 406.00M | 334.00M | 232.00M | 208.00M |
| Total Assets | 11.22B | 11.29B | 11.36B | 11.29B | 10.13B | 9.55B |
| Accounts Payable | 858.00M | 831.00M | 837.00M | 904.00M | 906.00M | 612.00M |
| Accrued Expenses | 744.00M | 750.00M | 769.00M | 779.00M | 876.00M | 697.00M |
| Current Portion of Long-Term Debt | 13.00M | 30.00M | 37.00M | 13.00M | 13.00M | 5.00M |
| Current Portion of Leases | 99.00M | 101.00M | 102.00M | 94.00M | 87.00M | 99.00M |
| Current Income Taxes Payable | 7.00M | 57.00M | 18.00M | 22.00M | 28.00M | 24.00M |
| Current Unearned Revenue | 515.00M | 565.00M | 492.00M | 532.00M | 444.00M | 392.00M |
| Other Current Liabilities | 81.00M | 72.00M | 92.00M | 91.00M | 83.00M | 81.00M |
| Total Current Liabilities | 2.32B | 2.41B | 2.35B | 2.44B | 2.44B | 1.91B |
| Long-Term Debt | 1.69B | 1.69B | 1.70B | 1.71B | 1.72B | 1.71B |
| Long-Term Leases | 513.00M | 521.00M | 544.00M | 558.00M | 549.00M | 576.00M |
| Long-Term Deferred Tax Liabilities | 95.00M | 93.00M | 56.00M | 70.00M | 68.00M | 66.00M |
| Other Long-Term Liabilities | 297.00M | 261.00M | 283.00M | 277.00M | 230.00M | 226.00M |
| Total Liabilities | 4.92B | 4.97B | 4.93B | 5.05B | 5.00B | 4.49B |
| Common Stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Additional Paid-In Capital | 8.27B | 8.36B | 8.62B | 8.81B | 8.75B | 8.69B |
| Retained Earnings | -581.00M | -673.00M | -628.00M | -1.16B | -2.07B | -2.15B |
| Comprehensive Income & Other | -1.45B | -1.42B | -1.62B | -1.49B | -1.59B | -1.55B |
| Total Common Equity | 6.25B | 6.27B | 6.38B | 6.17B | 5.10B | 5.00B |
| Minority Interest | 61.00M | 54.00M | 52.00M | 74.00M | 38.00M | 67.00M |
| Shareholders' Equity | 6.31B | 6.32B | 6.43B | 6.24B | 5.13B | 5.06B |
| Total Liabilities & Equity | 11.22B | 11.29B | 11.36B | 11.29B | 10.13B | 9.55B |
| Total Debt | 2.32B | 2.34B | 2.39B | 2.38B | 2.37B | 2.39B |
| Net Cash (Debt) | -1.26B | -788.00M | -1.16B | -1.56B | -1.30B | -797.00M |
| Net Cash Per Share | -3.46 | -2.10 | -2.92 | -3.93 | -3.29 | -2.06 |
| Filing Date Shares Outstanding | 356.51M | 360.40M | 380.82M | 394.00M | 392.83M | 392.67M |
| Total Common Shares Outstanding | 356.51M | 360.80M | 381.55M | 393.95M | 392.83M | 392.67M |
| Working Capital | 3.49B | 3.41B | 3.42B | 3.40B | 3.06B | 2.99B |
| Book Value Per Share | 17.52 | 17.37 | 16.71 | 15.66 | 12.97 | 12.73 |
| Tangible Book Value | 4.23B | 4.23B | 4.24B | 4.16B | 3.10B | 2.97B |
| Tangible Book Value Per Share | 11.87 | 11.73 | 11.11 | 10.55 | 7.89 | 7.56 |
| Land | 166.00M | 165.00M | 180.00M | 176.00M | 174.00M | |
| Buildings | 1.56B | 1.44B | 1.28B | 1.25B | 1.31B | |
| Machinery | 3.96B | 3.72B | 3.73B | 3.48B | 3.47B | |
| Order Backlog | 4.34B | 4.43B | 4.10B | 3.80B | 4.10B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 143.00M | 145.00M | 635.00M | 993.00M | 155.00M | -250.00M |
| Depreciation & Amortization | 368.00M | 355.00M | 343.00M | 302.00M | 301.00M | 306.00M |
| Loss (Gain) From Sale of Assets | -130.00M | |||||
| Asset Writedown & Restructuring Costs | 70.00M | 70.00M | 127.00M | |||
| Loss (Gain) on Equity Investments | 16.00M | 16.00M | -36.00M | -119.00M | -68.00M | 5.00M |
| Stock-Based Compensation | 72.00M | 67.00M | 70.00M | 66.00M | 67.00M | 78.00M |
| Other Operating Activities | 137.00M | 189.00M | 207.00M | -515.00M | -2.00M | 112.00M |
| Change in Accounts Receivable | -127.00M | 203.00M | 255.00M | -324.00M | -660.00M | 98.00M |
| Change in Inventory | -131.00M | 97.00M | 270.00M | -361.00M | -480.00M | 17.00M |
| Change in Accounts Payable | 59.00M | -6.00M | -87.00M | -4.00M | 289.00M | 118.00M |
| Change in Unearned Revenue | -50.00M | 73.00M | -42.00M | 82.00M | 52.00M | 27.00M |
| Change in Income Taxes | -1.00M | 39.00M | -5.00M | -6.00M | 5.00M | -28.00M |
| Change in Other Net Operating Assets | 49.00M | 3.00M | -176.00M | 29.00M | 35.00M | -192.00M |
| Operating Cash Flow | 605.00M | 1.25B | 1.30B | 143.00M | -179.00M | 291.00M |
| Capital Expenditures | -335.00M | -375.00M | -351.00M | -283.00M | -214.00M | -201.00M |
| Cash Acquisitions | -21.00M | -298.00M | -22.00M | -49.00M | -52.00M | |
| Divestitures | 176.00M | |||||
| Other Investing Activities | 5.00M | 13.00M | 2.00M | 12.00M | 25.00M | 57.00M |
| Investing Cash Flow | -298.00M | -362.00M | -471.00M | -293.00M | -238.00M | -196.00M |
| Long-Term Debt Issued | 3.00M | 420.00M | 184.00M | 20.00M | 60.00M | |
| Long-Term Debt Repaid | -54.00M | -459.00M | -215.00M | -28.00M | -209.00M | |
| Net Debt Issued (Repaid) | -51.00M | -51.00M | -39.00M | -31.00M | -8.00M | -149.00M |
| Repurchase of Common Stock | -230.00M | -315.00M | -229.00M | |||
| Common Dividends Paid | -156.00M | -190.00M | -108.00M | -79.00M | -78.00M | -20.00M |
| Other Financing Activities | -12.00M | -28.00M | -30.00M | 7.00M | -10.00M | -20.00M |
| Financing Cash Flow | -449.00M | -584.00M | -406.00M | -103.00M | -96.00M | -189.00M |
| Foreign Exchange Rate Adjustments | -7.00M | 17.00M | -13.00M | -9.00M | -7.00M | |
| Net Cash Flow | -149.00M | 322.00M | 414.00M | -253.00M | -522.00M | -101.00M |
| Free Cash Flow | 270.00M | 876.00M | 953.00M | -140.00M | -393.00M | 90.00M |
| Free Cash Flow Margin | 3.11% | 10.02% | 10.74% | -1.63% | -5.43% | 1.63% |
| Free Cash Flow Per Share | 0.74 | 2.34 | 2.41 | -0.35 | -1.00 | 0.23 |
| Levered Free Cash Flow | 311.75M | 754.12M | 929.75M | -140.25M | -240.50M | 306.12M |
| Unlevered Free Cash Flow | 365.50M | 809.12M | 986.62M | -85.25M | -191.75M | 354.25M |
| Cash Interest Paid | 85.00M | 85.00M | 86.00M | 85.00M | 75.00M | 76.00M |
| Cash Income Tax Paid | 29.00M | 106.00M | 161.00M | 114.00M | 117.00M | -78.00M |
| Change in Working Capital | -201.00M | 409.00M | 215.00M | -584.00M | -759.00M | 40.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.83B | 5.70B | 5.68B | 7.99B | 8.21B | 5.29B |
| Enterprise Value | 8.09B | 6.91B | 7.15B | 9.90B | 9.63B | 6.09B |
| Last Close Price | 19.29 | 15.35 | 13.79 | 18.85 | 19.20 | 12.33 |
| PE Ratio | 48.24 | 39.32 | 8.95 | 8.04 | 52.94 | |
| Forward PE | 16.47 | 14.93 | 10.68 | 12.42 | 20.54 | 133.89 |
| PS Ratio | 0.79 | 0.65 | 0.64 | 0.93 | 1.13 | 0.96 |
| PB Ratio | 1.10 | 0.90 | 0.88 | 1.28 | 1.60 | 1.04 |
| P/TBV Ratio | 1.63 | 1.35 | 1.34 | 1.92 | 2.65 | 1.78 |
| P/FCF Ratio | 25.47 | 6.51 | 5.96 | 58.82 | ||
| P/OCF Ratio | 11.37 | 4.56 | 4.36 | 55.87 | 18.19 | |
| PEG Ratio | 1.59 | 2.63 | 2.63 | 0.17 | 0.29 | 50.71 |
| EV/Sales Ratio | 0.94 | 0.79 | 0.81 | 1.15 | 1.33 | 1.10 |
| EV/EBITDA Ratio | 8.30 | 6.69 | 5.76 | 9.86 | 14.18 | 35.42 |
| EV/EBIT Ratio | 13.30 | 10.20 | 7.97 | 14.11 | 25.48 | |
| EV/FCF Ratio | 30.14 | 7.88 | 7.50 | 67.70 | ||
| Debt / Equity Ratio | 0.37 | 0.37 | 0.37 | 0.38 | 0.46 | 0.47 |
| Debt / EBITDA Ratio | 2.09 | 1.99 | 1.71 | 2.05 | 2.84 | 7.46 |
| Debt / FCF Ratio | 8.59 | 2.67 | 2.50 | 26.53 | ||
| Net Debt / Equity Ratio | 0.20 | 0.12 | 0.18 | 0.25 | 0.25 | 0.16 |
| Net Debt / EBITDA Ratio | 1.29 | 0.76 | 0.93 | 1.55 | 1.91 | 4.63 |
| Net Debt / FCF Ratio | 4.67 | 0.90 | 1.21 | -11.15 | -3.30 | 8.86 |
| Asset Turnover | 0.77 | 0.77 | 0.78 | 0.80 | 0.73 | 0.57 |
| Inventory Turnover | 3.56 | 3.69 | 3.35 | 3.40 | 3.71 | 3.47 |
| Quick Ratio | 1.57 | 1.60 | 1.54 | 1.42 | 1.43 | 1.77 |
| Current Ratio | 2.51 | 2.42 | 2.46 | 2.40 | 2.25 | 2.57 |
| Return on Equity (ROE) | 2.34% | 2.37% | 10.02% | 17.32% | 3.04% | -4.74% |
| Return on Assets (ROA) | 3.39% | 3.74% | 4.95% | 4.09% | 2.40% | -0.86% |
| Return on Invested Capital (ROIC) | 3.21% | 3.71% | 8.91% | 9.86% | 4.00% | -2.23% |
| Return on Capital Employed (ROCE) | 6.90% | 7.60% | 10.00% | 7.90% | 4.90% | -1.80% |
| Earnings Yield | 2.07% | 2.54% | 11.18% | 12.43% | 1.89% | -4.72% |
| FCF Yield | 3.93% | 15.37% | 16.78% | -1.75% | -4.79% | 1.70% |
| Dividend Yield | 2.34% | 1.90% | 1.85% | 0.99% | 0.96% | 0.37% |
| Payout Ratio | 109.51% | 131.03% | 17.01% | 7.96% | 50.32% | |
| Buyback Yield / Dilution | 4.33% | 5.30% | 0.25% | -0.76% | -2.07% | -0.52% |
| Total Shareholder Return | 6.66% | 7.20% | 2.10% | 0.22% | -1.12% | -0.15% |