Saturday 17 October 2026 Export NOV’s income statement to Excel — free account

NOV Inc.

NOV Energy Oil & Gas Equipment & Services

NOV Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.7 billion, down 1.42% from fiscal 2024. In the quarter to June 2026, revenue fell 2.47%, EPS grew 6.90%, free cash flow fell 116.8% and total debt fell 1.27%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

18.93 0.29 +1.56%

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Market cap: $6.6B
P/E: 72.8×
Fwd P/E: 25.5×
Dividend yield: 1.82%
F-score: 5/9
Altman Z: 1.90
Beneish M: −2.99
Dividend safety: 41/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.01

Total sells 4.64

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	—	—	—	—	1	—	—	—

Insider Ownership 1.40%

Capital & Financial Ratios $m

Market Cap 6,640.00

Revenue 8,639.00

Net Income 99.00

Free Cash Flow 602.00

Net Debt 542.00

Current Ratio 2.42

Debt/Equity 0.27

P/E ratio 72.81

Fwd P/E 25.50

P/S ratio 0.79

P/B ratio 1.09

Past 5Y EPS Growth —

This Y EPS Growth 136.68%

Next Y EPS Growth 37.41%

Next Y revenue growth (31.24%)

Next 5Y EPS Growth 54.84%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 81.58%

10-year low 10-year high

P/S against its own 10 years 24.55%

10-year low 10-year high

P/B against its own 10 years 61.08%

10-year low 10-year high

EV/Sales against its own 10 years 23.41%

10-year low 10-year high

EV/FCF against its own 10 years 43.33%

10-year low 10-year high

Dividends

Payout Ratio 1.33

Annual Dividend Rate 0.35

Annual Dividend Yield 1.82%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.27	0.09 0.09 0.09 0.09
2025	0.36	0.08 0.21 0.08 0.08 0.08
2024	0.28	0.05 0.08 0.08 0.08
2023	0.20	0.05 0.05 0.05 0.05
2022	0.20	0.05 0.05 0.05 0.05
2021	0.05	0.05
2020	0.05	0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.20	0.05 0.05 0.05 0.05
2017	0.20	0.05 0.05 0.05 0.05
2016	0.61	0.46 0.05 0.05 0.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	816	1,230	1,552	1,164
Receivables	1,905	1,819	1,701	1,813
Inventory	2,151	1,932	1,799	1,947
Other	739	577	596	666
	5,840	5,770	5,820	5,789

	2023	2024	2025	Q'26
Payables	904	837	831	858
ST’ Debt	13	37	30	14
Other	532	492	565	596
	2,435	2,347	2,406	2,390

Compound Annual Growth %

	10y	5y	3y
Sales	(5.10%)	7.50%	6.51%
Cash Flow	(0.63%)	6.20%	0.00%
Earnings	0.00%	0.00%	(2.20%)
Book Value	(9.13%)	3.67%	7.18%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,052	2,134	—	—	—
’25	2,103	2,188	2,176	2,277	8,744
’24	2,155	2,216	2,191	2,308	8,870
’23	1,962	2,093	2,185	2,343	8,583
’22	1,548	1,727	1,889	2,073	7,237
’21	1,249	1,417	1,341	1,517	5,524
’20	1,883	1,496	1,384	1,327	6,090

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(26)	17	—	—	—
’25	135	191	352	573	1,251
’24	(78)	432	359	591	1,304
’23	(202)	(72)	40	377	143
’22	(103)	(124)	(106)	154	(179)
’21	(27)	177	105	36	291
’20	39	378	323	186	926

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(91)	(19)	—	—	—
’25	51	113	240	472	876
’24	(147)	350	277	473	953
’23	(259)	(148)	(34)	301	(140)
’22	(149)	(167)	(165)	88	(393)
’21	(76)	128	66	(28)	90
’20	(29)	322	274	133	700

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.05	0.31	—	—	—
’25	0.19	0.29	0.11	(0.21)	0.39
’24	0.30	0.57	0.33	0.41	1.60
’23	0.32	0.39	0.29	1.51	2.50
’22	(0.13)	0.18	0.08	0.26	0.39
’21	(0.30)	(0.07)	(0.18)	(0.10)	(0.65)
’20	(5.34)	(0.24)	(0.14)	(0.90)	(6.62)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.74	29.90	24.27	18.05	7.70	11.46	13.62	14.05	13.95	10.84	Analyst estimates 2026–2028 Powerpack
	High	43.63	41.90	49.08	32.63	25.81	18.02	24.25	24.83	21.23	16.96
People
People	Employees	36,627	31,889	35,063	35,479	27,631	27,043	32,307	33,676	34,010	31,605
	Revenue/emp, $m	0.20	0.23	0.24	0.24	0.22	0.20	0.22	0.25	0.26	0.28
Income, $m
Income, $m	Revenue	7,251	7,304	8,453	8,479	6,090	5,524	7,237	8,583	8,870	8,744
	Gross margin, %	(1.39)	12.21	17.08	9.97	7.13	14.01	18.43	21.36	22.66	20.21
	EBT	(2,623)	(392)	41	(6,462)	(2,779)	(230)	238	612	831	375
	EBT margin, %	(36.17)	(5.37)	0.49	(76.21)	(45.63)	(4.16)	3.29	7.13	9.37	4.29
	Net income	(2,416)	(236)	(22)	(6,093)	(2,537)	(245)	155	985	635	151
	Depreciation	1,675	698	690	4,145	1,730	306	301	302	343	425
Per share, $
Per share, $	Revenue	19.28	19.37	22.36	22.20	15.86	14.31	18.56	21.84	22.63	23.51
	Earnings	(6.41)	(0.63)	(0.08)	(15.96)	(6.62)	(0.65)	0.40	2.53	1.62	0.39
	Cash flow	2.55	2.21	1.38	1.87	2.41	0.75	(0.46)	0.36	3.33	3.36
	Capex	(0.76)	(0.51)	(0.65)	(0.61)	(0.59)	(0.52)	(0.55)	(0.72)	(0.90)	(1.01)
	Free cash flow	1.80	1.70	0.73	1.26	1.82	0.23	(1.01)	(0.36)	2.43	2.35
	Book value	37.24	37.56	36.74	20.54	13.75	13.12	13.16	15.88	16.40	16.99
	Shares, m	376	377	378	382	384	386	390	393	392	372
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	49.63	8.00	9.07	41.13
	P/S	1.96	1.90	1.15	1.13	0.87	0.95	1.07	0.92	0.65	0.67
	P/B	1.02	0.98	0.70	1.22	1.00	1.03	1.51	1.27	0.89	0.92
	EV/Sales	2.21	2.07	1.28	1.24	0.91	0.97	1.16	1.03	0.70	0.68
	EV/FCF	23.70	23.67	38.91	21.83	7.89	59.47	(21.38)	(63.08)	6.54	6.83
Cash, $m
Cash, $m	Operating cash flow	960	832	521	714	926	291	(179)	143	1,304	1,251
	Capex	(284)	(192)	(244)	(233)	(226)	(201)	(214)	(283)	(351)	(375)
	Free cash flow	676	640	277	481	700	90	(393)	(140)	953	876
Balance, $m
Balance, $m	Working capital	4,829	4,863	4,938	3,866	3,342	2,992	3,056	3,405	3,423	3,414
	Total debt	3,214	2,712	2,489	2,103	1,944	1,713	1,730	1,725	1,740	1,718
	Net debt	1,806	1,275	1,062	932	252	122	661	909	510	166
	Shareholders’ equity	14,003	14,160	13,889	7,846	5,279	5,064	5,134	6,242	6,428	6,322
Returns, %
Returns, %	ROA	(10.24)	(1.15)	(0.15)	(37.00)	(22.03)	(2.57)	1.57	9.27	5.61	1.28
	ROIC	(9.53)	(1.12)	0.88	(44.71)	(27.40)	(1.61)	2.85	5.69	7.89	4.76
	ROE	(15.84)	(1.68)	(0.22)	(56.08)	(38.74)	(4.83)	3.04	17.46	10.02	2.27

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NOV NOV Inc.	$6.6B	72.8×	25.5×	−2.47% (below 0%: shrinking)	+6.90% (above 0%: growing)	−116.81% (below 0%: shrinking)	24.41%	9.04%
LB LandBridge Company LLC	$6.3B	60.9×	47.5×	+40.62% (above 0%: growing)	+43.33% (above 0%: growing)	+11.25% (above 0%: growing)	98.30%	66.07%	Compare
WFRD Weatherford International PLC	$5.5B	14.9×	16.5×	−8.22% (below 0%: shrinking)	−70.59% (below 0%: shrinking)	+77.50% (above 0%: growing)	30.14%	9.68%	Compare
SEI Solaris Energy Infrastructure, Inc.	$5.2B	61.5×	55.4×	+46.92% (above 0%: growing)	+13.33% (above 0%: growing)	−89.73% (below 0%: shrinking)	57.55%	25.76%	Compare
AROC Archrock, Inc.	$5.1B	15.9×	18.4×	−3.11% (below 0%: shrinking)	+5.56% (above 0%: growing)	+49.96% (above 0%: growing)	65.86%	34.58%	Compare
WHD Cactus, Inc.	$4.9B	51.9×	23.0×	+64.32% (above 0%: growing)	+18.64% (above 0%: growing)	+23.95% (above 0%: growing)	33.31%	18.59%	Compare
KGS Kodiak Gas Services, Inc.	$4.8B	55.5×	31.9×	+21.15% (above 0%: growing)	+22.73% (above 0%: growing)	−194.00% (below 0%: shrinking)	63.09%	31.76%	Compare
OII Oceaneering International, Inc.	$4.3B	12.6×	21.4×	+10.03% (above 0%: growing)	+20.37% (above 0%: growing)	−31.05% (below 0%: shrinking)	20.44%	11.49%	Compare
TDW Tidewater Inc.	$3.9B	16.0×	23.4×	+0.25% (above 0%: growing)	−70.07% (below 0%: shrinking)	−15.92% (below 0%: shrinking)	46.88%	18.27%	Compare
Median of peers	$5.0B	33.9×	23.2×	+15.59%	+15.99%	−2.34%	52.22%	22.18%

All 46 Oil & Gas Equipment & Services stocks →

NOV Inc. (NOV) key facts

Concern: NOV Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.7 billion, down 1.42% from fiscal 2024.
Concern: Net income was $151.0 million, or $0.39 per share (basic), a net margin of 1.66%.
NOV Inc. (NOV) is an Oil & Gas Equipment & Services company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, NOV traded at $18.93, a market capitalization of $6.6 billion.
At that price the stock trades at 72.8× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 82% of its own readings over the past ten years.
NOV Inc. pays an annual dividend of $0.35 per share, a yield of 1.82%, with a payout ratio of 132.7%.
Return on equity was 2.27% and debt-to-equity 0.27.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.90 (grey zone) for fiscal 2025.