NOV Financials Nov Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 7.5% per year over the past 5 years.
Operating margin has expanded, at 5.6% in the latest year.
Free cash flow has grown 4.6% per year over the past 5 years.

Financial health

Total debt ($1.7B) exceeds cash ($1.6B); net debt is $166M.
Total debt has grown slower than revenue (-1.3% vs 7.5% per year).
Operating income covered interest expense 5.6× in the latest year, up from -28.9× 5 years ago.
Total debt is 2.0× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 131.0% of earnings and 21.7% of free cash flow.
The dividend has grown 58.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$8.7B	$145M	20.2%	5.6%	$876M	$1.7B	$1.6B
2024	$8.9B	$635M	22.7%	9.9%	$953M	$1.7B	$1.2B
2023	$8.6B	$993M	21.4%	7.6%	-$140M	$1.7B	$816M
2022	$7.2B	$155M	18.4%	3.6%	-$393M	$1.7B	$1.1B
2021	$5.5B	-$250M	14.0%	-2.4%	$90M	$1.7B	$1.6B
2020	$6.1B	-$2.5B	7.1%	-39.8%	$700M	$1.8B	$1.7B
2019	$8.5B	-$6.1B	10.0%	-74.1%	$481M	$2.0B	$1.2B
2018	$8.5B	-$31M	17.1%	2.5%	$277M	$2.7B	$1.4B
2017	$7.3B	-$237M	12.2%	-3.8%	$640M	$2.7B	$1.4B
2016	$7.3B	-$2.4B	-1.4%	-33.3%	$676M	$3.2B	$1.4B
2015	—	-$769M	—	—	$879M	$3.9B	$2.1B
2014	—	$2.5B	—	—	$1.9B	$3.2B	$3.5B
2013	—	$2.3B	—	—	$2.8B	$3.1B	$3.4B
2012	—	$2.5B	—	—	$51M	$3.1B	$3.3B
2011	—	$2.0B	—	—	$1.7B	$510M	$3.5B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$2.1B	$19M	18.5%	2.3%	-$91M	$1.7B	$1.3B
Dec '25	$2.3B	-$78M	20.3%	4.0%	$472M	$1.7B	$1.6B
Sep '25	$2.2B	$42M	18.9%	4.9%	$245M	$1.7B	$1.2B
Jun '25	$2.2B	$108M	20.4%	6.5%	$108M	$1.7B	$1.1B
Mar '25	$2.1B	$73M	21.3%	7.2%	$51M	$1.7B	$1.2B
Dec '24	$2.3B	$160M	21.4%	9.0%	$473M	$1.7B	$1.2B
Sep '24	$2.2B	$130M	21.4%	8.9%	$277M	$1.7B	$985M
Jun '24	$2.2B	$226M	26.6%	14.1%	$350M	$1.7B	$827M
Mar '24	$2.2B	$119M	21.3%	7.5%	-$147M	$1.8B	$468M
Dec '23	$2.3B	$598M	21.2%	6.9%	$301M	$1.7B	$816M
Sep '23	$2.2B	$114M	21.4%	8.4%	-$34M	$1.7B	$513M
Jun '23	$2.1B	$155M	21.8%	8.6%	-$148M	$1.7B	$592M
Mar '23	$2.0B	$126M	20.9%	6.4%	-$259M	$1.7B	$774M
Dec '22	$2.1B	$104M	21.4%	7.8%	$88M	$1.7B	$1.1B
Sep '22	$1.9B	$32M	19.5%	2.9%	-$165M	$1.7B	$998M
Jun '22	$1.7B	$69M	17.9%	3.9%	-$167M	$1.7B	$1.2B
Mar '22	$1.5B	-$50M	13.8%	-1.4%	-$149M	$1.7B	$1.4B
Dec '21	$1.5B	-$40M	13.3%	-1.0%	-$28M	$1.7B	$1.6B
Sep '21	$1.3B	-$69M	13.8%	-3.2%	$66M	$1.7B	$1.7B
Jun '21	$1.4B	-$26M	16.3%	0.8%	$128M	$1.7B	$1.6B

Valuation over time

How the market has priced NOV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 42.8× (Mar '23) to 46.9× (Jun '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.8× (Jun '26).
The dividend yield has risen from 1.2% (Mar '23) to 2.8% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is NOV growing its revenue and profit?

Over the past 5 years, Nov Inc.'s revenue has grown 7.5% per year. These are computed facts, not advice.

How much debt does NOV have?

As of FY2025, Nov Inc. reported $1.7B of total debt against $1.6B of cash; operating income covered interest expense 5.6×.

What is NOV's profit margin?

In FY2025, gross margin was 20.2%, operating margin 5.6%, and net margin 1.7%.

What is NOV's P/E ratio?

As of Jun '26, Nov Inc. traded at a price-to-earnings ratio of about 46.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.