NOVNYSEOil & Gas Field Machinery & EquipmentFiscal year ends December 31
NOV Inc.
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$18.75−0.18 (-0.95%)
Close on Oct 19, 2026
- Market cap
- $6.83B
- P/E (TTM)
- 78.1
- Dividend yield
- 2.72%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
20.2%+13.1 pts over 5 years
Operating margin
5.6%+45.5 pts over 5 years
Net margin
1.7%+43.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.4% | +6.5% | +7.5% | -5.1% | |
| Gross profit | -12.1% | +9.8% | +32.4% | -5.4% | |
| Operating income | -43.6% | +23.2% | – | – | |
| Net income | -77.2% | -2.2% | – | – | |
| EPS, diluted | -75.6% | 0.0% | – | – | |
| Free cash flow | -8.1% | – | +4.6% | -0.0% | |
| Dividend per share | +85.5% | +36.6% | +59.1% | -12.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -15.9% | -39.1% | 2.3% | |
| Return on assets | -10.2% | -22.0% | 1.3% | |
| Current ratio | 2.58 | 2.79 | 2.42 | |
| Debt to equity | 0.23 | 0.35 | 0.27 | |
| Net debt to EBITDA | -1.06× | -0.07× | 0.20× | |
| Interest coverage | -23.0× | -28.9× | 5.6× | |
| Inventory turnover | 1.8× | 3.1× | 3.7× | |
| Capex to revenue | 3.9% | 3.7% | 4.3% | |
| Diluted shares | 376M | 384M | 375M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NOV generated $3.17B from operations and spent $2.44B on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
$3.17B
Used
$2.44B
Capital expenditure$1.42B58%Dividends$475.00M19%Share buybacks$544.00M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover0.77×
×Equity multiplier1.79×
=Return on equity, FY20252.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.7% | 0.77× | 1.79× | 2.3% |
| FY2024 | 7.2% | 0.78× | 1.81× | 10.1% |
| FY2023 | 11.6% | 0.80× | 1.90× | 17.6% |
| FY2022 | 2.1% | 0.74× | 1.95× | 3.1% |
| FY2021 | -4.5% | 0.57× | 1.91× | -4.9% |
| FY2020 | -41.7% | 0.53× | 1.78× | -39.1% |
| FY2019 | -71.9% | 0.51× | 1.53× | -56.4% |
| FY2018 | -0.4% | 0.42× | 1.43× | -0.2% |
| FY2017 | -3.2% | 0.35× | 1.47× | -1.7% |
| FY2016 | -33.3% | 0.31× | 1.55× | -15.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$145.00M
- Cash generatingOperating cash flow above zero$1.25B
- Return on assets improvedROA up on the prior year5.6% → 1.3%
- Earnings backed by cashOperating cash flow above net income$1.25B vs $145.00M
- Less leverageLong-term debt to assets fell15.0% → 14.9%
- Better liquidityCurrent ratio rose2.46 → 2.42
- No dilutionShare count did not rise396M → 375M
- Gross margin improvedGross margin up on the prior year22.66% → 20.21%
- More efficientAsset turnover rose0.79 → 0.77