NOV Inc. (NOV) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NOV SEC filings page.
NOV Inc. (NOV) reported $8.7B in revenue over the twelve months to Mar 31, 2026, down 1.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NOV’s earnings weakened in FY2025, but cash generation stayed high because the balance sheet remains lightly leveraged and liquid.
In FY2025, net income fell to$145M while operating cash flow reached$1.3B ; that gap means cash generation depended on more than reported profitability. Inventory also fell from$1.9B to$1.8B , consistent with working-capital release helping support cash conversion.
With revenue broadly flat from FY2024, gross margin compressed from
FY2025 free cash flow of
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NOV Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NOV Inc. has an operating margin of 5.7%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 9.9% the prior year.
NOV Inc.'s revenue declined 1.4% year-over-year, from $8.9B to $8.7B. This contraction results in a growth score of 47/100.
NOV Inc. carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.42, NOV Inc. holds $2.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
NOV Inc. has a free cash flow margin of 10.0%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.
NOV Inc.'s ROE of 2.3% shows moderate profitability relative to equity, earning a score of 46/100. This is down from 10.0% the prior year.
NOV Inc. scores 2.01, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NOV Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, NOV Inc. generates $8.63 in operating cash flow ($1.3B OCF vs $145.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
NOV Inc. earns $5.61 in operating income for every $1 of interest expense ($494.0M vs $88.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
NOV Inc. generated $2.1B in revenue in Q1 2026. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 9.9%.
NOV Inc.'s EBITDA was $139.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.3% from the same quarter a year earlier. Against the prior quarter it is down 23.6%.
NOV Inc. reported $19.0M in net income in Q1 2026. This represents a decrease of 74.0% from the same quarter a year earlier. Against the prior quarter it is up 124.4%.
NOV Inc. earned $0.05 per diluted share (EPS) in Q1 2026. This represents a decrease of 73.7% from the same quarter a year earlier. Against the prior quarter it is up 125.0%.
Cash & Balance Sheet
NOV Inc. recorded an outflow of $91.0M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 278.4% from the same quarter a year earlier. Against the prior quarter it is down 119.3%.
NOV Inc. held $1.3B in cash against $1.7B in long-term debt as of Q1 2026.
NOV Inc. paid $0.09 per share in dividends in Q1 2026. This represents an increase of 20.0% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.
Margins & Returns
NOV Inc.'s gross margin was 18.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.8 percentage points.
NOV Inc.'s operating margin was 2.3% in Q1 2026, reflecting core business profitability. This is down 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.7 percentage points.
NOV Inc.'s net profit margin was 0.9% in Q1 2026, showing the share of revenue converted to profit. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.
NOV Inc.'s ROE was 0.3% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Capital Allocation
NOV Inc. spent $67.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 17.3% from the same quarter a year earlier. Against the prior quarter it is down 21.2%.
NOV Inc. invested $65.0M in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 22.6% from the same quarter a year earlier. Against the prior quarter it is down 35.6%.
Not reported for Q1 2026.
NOV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B-2.4% | $2.3B-1.3% | $2.2B-0.7% | $2.2B-1.3% | $2.1B-2.4% | $2.3B-1.5% | $2.2B+0.3% | $2.2B+5.9% |
| Cost of Revenue | $1.7B+1.0% | $1.8B0.0% | $1.8B+2.4% | $1.7B+7.1% | $1.7B-2.4% | $1.8B-1.7% | $1.7B+0.3% | $1.6B-0.6% |
| Gross Profit | $379.0M-15.2% | $462.0M-6.3% | $412.0M-12.2% | $446.0M-24.4% | $447.0M-2.4% | $493.0M-0.8% | $469.0M+0.2% | $590.0M+29.1% |
| SG&A Expenses | $332.0M+12.5% | $300.0M+4.9% | $305.0M+10.9% | $303.0M+9.4% | $295.0M-0.3% | $286.0M-14.9% | $275.0M-3.5% | $277.0M+0.4% |
| Operating Income | $47.0M-69.1% | $92.0M-55.6% | $107.0M-44.8% | $143.0M-54.3% | $152.0M-6.2% | $207.0M+28.6% | $194.0M+6.0% | $313.0M+72.9% |
| EBITDA | $139.0M-42.3% | $182.0M-38.3% | $196.0M-30.0% | $230.0M-42.4% | $241.0M-1.6% | $295.0M+23.9% | $280.0M+7.7% | $399.0M+58.3% |
| Interest Expense | $22.0M0.0% | $22.0M-8.3% | $22.0M+4.8% | $22.0M0.0% | $22.0M-8.3% | $24.0M+4.3% | $21.0M-8.7% | $22.0M+4.8% |
| Income Tax | $15.0M-68.1% | $147.0M+286.8% | $29.0M-34.1% | $1.0M-98.6% | $47.0M+6.8% | $38.0M+108.3% | $44.0M-8.3% | $70.0M+268.4% |
| Net Income | $19.0M-74.0% | -$78.0M-148.8% | $42.0M-67.7% | $108.0M-52.2% | $73.0M-38.7% | $160.0M-73.2% | $130.0M+14.0% | $226.0M+45.8% |
| EPS (Basic) | $0.05-73.7% | -$0.20-148.8% | $0.11-66.7% | $0.29-49.1% | $0.19-36.7% | $0.41-73.0% | $0.33+13.8% | $0.57+46.2% |
| EPS (Diluted) | $0.05-73.7% | -$0.20-150.0% | $0.11-66.7% | $0.29-49.1% | $0.19-36.7% | $0.40-73.3% | $0.33+13.8% | $0.57+46.2% |
| Diluted Shares (Avg) | 364M-5.0% | N/A | 371M-6.1% | 376M-5.3% | 383M-3.5% | N/A | 395M-0.3% | 397M+0.5% |
Not reported in any period shown, so not listed: R&D Expenses.
NOV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.1B-1.2% | $11.3B-0.6% | $11.3B-0.7% | $11.4B+0.6% | $11.3B-0.3% | $11.4B+0.6% | $11.4B+8.8% | $11.3B+8.1% |
| Current Assets | $5.7B-1.1% | $5.8B+0.9% | $5.8B-2.6% | $5.8B-1.1% | $5.8B+1.7% | $5.8B-1.2% | $5.9B+4.6% | $5.8B+4.2% |
| Cash & Equivalents | $1.3B+16.0% | $1.6B+26.2% | $1.2B+22.5% | $1.1B+30.6% | $1.2B+147.2% | $1.2B+50.7% | $985.0M+92.0% | $827.0M+39.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $1.9B-3.5% | $1.8B-6.9% | $1.9B-11.2% | $1.9B-10.6% | $1.9B-14.7% | $1.9B-10.2% | $2.1B-6.8% | $2.2B-1.9% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.6B-2.3% | $1.6B-2.9% | $1.6B+0.7% | $1.6B+0.3% | $1.6B+1.2% | $1.6B+4.4% | $1.6B+3.6% | $1.6B+4.5% |
| Total Liabilities | $4.9B+2.0% | $5.0B+0.7% | $4.8B-1.6% | $4.8B-1.2% | $4.8B-4.1% | $4.9B-2.4% | $4.9B-0.5% | $4.9B-1.7% |
| Current Liabilities | $2.3B+6.1% | $2.4B+2.5% | $2.3B-1.6% | $2.2B-0.1% | $2.2B-4.0% | $2.3B-3.6% | $2.3B-2.9% | $2.2B-6.0% |
| Non-Current Liabilities | $2.6B-1.5% | $2.6B-0.9% | $2.6B-1.7% | $2.6B-2.2% | $2.6B-4.2% | $2.6B-1.2% | $2.6B+1.7% | $2.6B+2.3% |
| Long-Term Debt | $1.7B-0.6% | $1.7B-0.9% | $1.7B-1.7% | $1.7B-2.0% | $1.7B-3.7% | $1.7B-0.5% | $1.7B+0.3% | $1.7B+0.5% |
| Total Equity | $6.2B-3.5% | $6.3B-1.7% | $6.5B-0.1% | $6.5B+2.0% | $6.4B+3.1% | $6.4B+3.4% | $6.5B+17.1% | $6.4B+17.4% |
| Retained Earnings | -$687.0M-17.8% | -$673.0M-7.2% | -$568.0M+25.2% | -$582.0M+32.3% | -$583.0M+44.8% | -$628.0M+45.6% | -$759.0M+56.2% | -$860.0M+53.0% |
Not reported in any period shown, so not listed: Accounts Receivable.
NOV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$26.0M-119.3% | $573.0M-3.0% | $352.0M-1.9% | $191.0M-55.8% | $135.0M+273.1% | $591.0M+56.8% | $359.0M+797.5% | $432.0M+700.0% |
| Depreciation & Amortization | $92.0M+3.4% | $90.0M+2.3% | $89.0M+3.5% | $87.0M+1.2% | $89.0M+7.2% | $88.0M+14.3% | $86.0M+11.7% | $86.0M+21.1% |
| Stock-Based Compensation | $26.0M+62.5% | N/A | $17.0M0.0% | $17.0M0.0% | $16.0M-15.8% | N/A | $17.0M | $17.0M |
| Capital Expenditures | $65.0M-22.6% | $101.0M-14.4% | $107.0M+30.5% | $83.0M+1.2% | $84.0M+21.7% | $118.0M+55.3% | $82.0M+10.8% | $82.0M+7.9% |
| Free Cash Flow | -$91.0M-278.4% | $472.0M-0.2% | $245.0M-11.6% | $108.0M-69.1% | $51.0M+134.7% | $473.0M+57.1% | $277.0M+914.7% | $350.0M+336.5% |
| Investing Cash Flow | -$64.0M+21.0% | -$96.0M+41.1% | -$104.0M-26.8% | -$81.0M-195.3% | -$81.0M+74.0% | -$163.0M-98.8% | -$82.0M+1.2% | $85.0M+211.8% |
| Financing Cash Flow | -$115.0M+14.8% | -$133.0M+22.2% | -$118.0M+3.3% | -$198.0M-26.9% | -$135.0M-414.0% | -$171.0M-5800.0% | -$122.0M-269.7% | -$156.0M-387.5% |
| Dividends Paid | $33.0M+17.9% | $27.0M-6.9% | $28.0M-3.4% | $107.0M+256.7% | $28.0M+40.0% | $29.0M+52.6% | $29.0M+45.0% | $30.0M+50.0% |
| Share Buybacks | $67.0M-17.3% | $85.0M-24.1% | $80.0M0.0% | $69.0M | $81.0M | $112.0M | $80.0M | N/A |
NOV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-2.8pp | 20.3%-1.1pp | 18.9%-2.5pp | 20.4%-6.2pp | 21.3%0.0pp | 21.4%+0.2pp | 21.4%0.0pp | 26.6%+4.8pp |
| Operating Margin | 2.3%-4.9pp | 4.0%-4.9pp | 4.9%-3.9pp | 6.5%-7.6pp | 7.2%-0.3pp | 9.0%+2.1pp | 8.8%+0.5pp | 14.1%+5.5pp |
| Net Margin | 0.9%-2.5pp | -3.4%-10.4pp | 1.9%-4.0pp | 4.9%-5.3pp | 3.5%-2.0pp | 6.9%-18.6pp | 5.9%+0.7pp | 10.2%+2.8pp |
| Return on Equity | 0.3%-0.8pp | -1.2%-3.8pp | 0.7%-1.4pp | 1.7%-1.9pp | 1.1%-0.8pp | 2.5%-7.2pp | 2.0%-0.1pp | 3.5%+0.7pp |
| Return on Assets | 0.2%-0.5pp | -0.7%-2.1pp | 0.4%-0.8pp | 0.9%-1.1pp | 0.7%-0.4pp | 1.4%-3.9pp | 1.1%+0.1pp | 2.0%+0.5pp |
| Current Ratio | 2.47-0.2x | 2.420.0x | 2.550.0x | 2.580.0x | 2.65+0.1x | 2.46+0.1x | 2.57+0.2x | 2.61+0.3x |
| Debt-to-Equity | 0.270.0x | 0.270.0x | 0.260.0x | 0.260.0x | 0.260.0x | 0.270.0x | 0.270.0x | 0.270.0x |
| Asset Turnover | 0.180.0x | 0.200.0x | 0.190.0x | 0.190.0x | 0.190.0x | 0.200.0x | 0.190.0x | 0.200.0x |
| FCF Margin | -4.4%-6.9pp | 20.7%+0.2pp | 11.3%-1.4pp | 4.9%-10.9pp | 2.4%+9.3pp | 20.5%+7.6pp | 12.6%+14.2pp | 15.8%+22.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| NOV Inc. NOV | FY2025 | $8.7B | $145.0M | 1.7% | $6.8B | 59/100 |
| Weatherford International plc WFRD | FY2025 | $4.9B | $431.0M | 8.8% | $5.5B | 67/100 |
| Archrock Inc AROC | FY2025 | $1.5B | $322.3M | 21.6% | $5.3B | 38/100 |
| Valaris Limited VAL | FY2025 | $2.4B | $979.1M | 41.3% | $5.8B | 53/100 |
| LandBridge Company LLC LB | FY2025 | $199.1M | $72.4M | 36.4% | $2.6B | 72/100 |
Where NOV Inc. Ranks
Frequently Asked Questions
What is NOV Inc.'s annual revenue?
NOV Inc. (NOV) reported $8.7B in total revenue for fiscal year 2025. This represents a -1.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NOV Inc.'s revenue growing?
NOV Inc. (NOV) revenue declined by 1.4% year-over-year, from $8.9B to $8.7B in fiscal year 2025.
Is NOV Inc. profitable?
Yes, NOV Inc. (NOV) reported a net income of $145.0M in fiscal year 2025, with a net profit margin of 1.7%.
What is NOV Inc.'s EBITDA?
NOV Inc. (NOV) had EBITDA of $849.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NOV Inc. have?
As of fiscal year 2025, NOV Inc. (NOV) had $1.6B in cash and equivalents against $1.7B in long-term debt.
What is NOV Inc.'s gross margin?
NOV Inc. (NOV) had a gross margin of 20.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NOV Inc.'s operating margin?
NOV Inc. (NOV) had an operating margin of 5.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NOV Inc.'s net profit margin?
NOV Inc. (NOV) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does NOV Inc. pay dividends?
Yes, NOV Inc. (NOV) paid $0.51 per share in dividends during fiscal year 2025.
What is NOV Inc.'s return on equity (ROE)?
NOV Inc. (NOV) has a return on equity of 2.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NOV Inc.'s free cash flow?
NOV Inc. (NOV) generated $876.0M in free cash flow during fiscal year 2025. This represents a -8.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NOV Inc.'s operating cash flow?
NOV Inc. (NOV) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NOV Inc.'s total assets?
NOV Inc. (NOV) had $11.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are NOV Inc.'s capital expenditures?
NOV Inc. (NOV) invested $375.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is NOV Inc.'s current ratio?
NOV Inc. (NOV) had a current ratio of 2.42 as of fiscal year 2025, which is generally considered healthy.
What is NOV Inc.'s debt-to-equity ratio?
NOV Inc. (NOV) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NOV Inc.'s return on assets (ROA)?
NOV Inc. (NOV) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NOV Inc.'s P/E ratio?
NOV Inc. (NOV) trades at 74.3x earnings, its market capitalization divided by net income of $91.0M net income, trailing 12 months to March 31, 2026. The market capitalization is $6.8B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NOV Inc.'s price-to-sales ratio?
NOV Inc. (NOV) trades at 0.8x sales, its market capitalization divided by revenue of $8.7B revenue, trailing 12 months to March 31, 2026. The market capitalization is $6.8B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NOV Inc.'s Altman Z-Score?
NOV Inc. (NOV) has an Altman Z-Score of 2.01, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NOV Inc.'s Piotroski F-Score?
NOV Inc. (NOV) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NOV Inc.'s earnings high quality?
NOV Inc. (NOV) has an earnings quality ratio of 8.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NOV Inc. cover its interest payments?
NOV Inc. (NOV) has an interest coverage ratio of 5.61x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NOV Inc.?
NOV Inc. (NOV) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.