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 Oct 31, 2026, 11:18 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$8.7B	$145M	20.2%	5.6%	2.3%	1.3%	$876M	$1.7B	$1.6B
2024	$8.9B	$635M	22.7%	9.9%	10.0%	5.6%	$953M	$1.7B	$1.2B
2023	$8.6B	$993M	21.4%	7.6%	16.1%	8.8%	-$140M	$1.7B	$816M
2022	$7.2B	$155M	18.4%	3.6%	3.0%	1.5%	-$393M	$1.7B	$1.1B
2021	$5.5B	-$250M	14.0%	-2.4%	-5.0%	-2.6%	$90M	$1.7B	$1.6B
2020	$6.1B	-$2.5B	7.1%	-39.8%	-48.8%	-25.6%	$700M	$1.8B	$1.7B
2019	$8.5B	-$6.1B	10.0%	-74.1%	-78.4%	-46.4%	$481M	$2.0B	$1.2B
2018	$8.5B	-$31M	17.1%	2.5%	-0.2%	-0.2%	$277M	$2.7B	$1.4B
2017	$7.3B	-$237M	12.2%	-3.8%	-1.7%	-1.2%	$640M	$2.7B	$1.4B
2016	$7.3B	-$2.4B	-1.4%	-33.3%	-17.3%	-11.4%	$676M	$3.2B	$1.4B
2015	—	-$769M	—	—	-4.7%	-3.0%	$879M	$3.9B	$2.1B
2014	—	$2.5B	—	—	12.1%	7.5%	$1.9B	$3.2B	$3.5B
2013	—	$2.3B	—	—	10.5%	6.7%	$2.8B	$3.1B	$3.4B
2012	—	$2.5B	—	—	12.3%	7.9%	$51M	$3.1B	$3.3B
2011	—	$2.0B	—	—	11.3%	7.8%	$1.7B	$510M	$3.5B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$2.2B	$90M	19.7%	6.4%	1.4%	0.8%	-$47M	$1.7B	$1.1B
Jun '26	$2.1B	$112M	24.4%	9.0%	1.8%	1.0%	-$64M	$1.7B	$1.2B
Mar '26	$2.1B	$19M	18.5%	2.3%	0.3%	0.2%	-$91M	$1.7B	$1.3B
Dec '25	$2.3B	-$78M	20.3%	4.0%	-1.2%	-0.7%	$472M	$1.7B	$1.6B
Sep '25	$2.2B	$42M	18.9%	4.9%	0.7%	0.4%	$245M	$1.7B	$1.2B
Jun '25	$2.2B	$108M	20.4%	6.5%	1.7%	1.0%	$108M	$1.7B	$1.1B
Mar '25	$2.1B	$73M	21.3%	7.2%	1.1%	0.6%	$51M	$1.7B	$1.2B
Dec '24	$2.3B	$160M	21.4%	9.0%	2.5%	1.4%	$473M	$1.7B	$1.2B
Sep '24	$2.2B	$130M	21.4%	8.9%	2.0%	1.1%	$277M	$1.7B	$985M
Jun '24	$2.2B	$226M	26.6%	14.1%	3.5%	2.0%	$350M	$1.7B	$827M
Mar '24	$2.2B	$119M	21.3%	7.5%	1.9%	1.1%	-$147M	$1.8B	$468M
Dec '23	$2.3B	$598M	21.2%	6.9%	9.7%	5.3%	$301M	$1.7B	$816M
Sep '23	$2.2B	$114M	21.4%	8.4%	2.1%	1.1%	-$34M	$1.7B	$513M
Jun '23	$2.1B	$155M	21.8%	8.6%	2.9%	1.5%	-$148M	$1.7B	$592M
Mar '23	$2.0B	$126M	20.9%	6.4%	2.4%	1.2%	-$259M	$1.7B	$774M
Dec '22	$2.1B	$104M	21.4%	7.8%	2.0%	1.0%	$88M	$1.7B	$1.1B
Sep '22	$1.9B	$32M	19.5%	2.9%	0.7%	0.3%	-$165M	$1.7B	$998M
Jun '22	$1.7B	$69M	17.9%	3.9%	1.4%	0.7%	-$167M	$1.7B	$1.2B
Mar '22	$1.5B	-$50M	13.8%	-1.4%	-1.0%	-0.5%	-$149M	$1.7B	$1.4B
Dec '21	$1.5B	-$40M	13.3%	-1.0%	-0.8%	-0.4%	-$28M	$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 42.6× (Mar '23) to 45.5× (Nov '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.8× (Nov '26).
The dividend yield has risen from 1.2% (Mar '23) to 2.9% (Nov '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?

Nov Inc.'s P/E (TTM) is 46.11 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NOV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 45.5× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.