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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%
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 (at or above 1.5: strong)
Debt/Equity 0.27 (at or below 0.5: strong)
P/E ratio 72.81 (above 35: high)
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% (at or above 15%: strong)
Next Y EPS Growth 37.41% (at or above 15%: strong)
Next Y revenue growth (31.24%) (below 0%: weak)
Next 5Y EPS Growth 54.84% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 1.1×; over the ten years it ranged from 0.5× in 2020 to 2.6× in 2018.
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

NOV Inc. vs peers in Oil & Gas Equipment & Services (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

NOV Inc. (NOV) Latest News

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stockrow.com/NOV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com