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NOV (NOV)
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NOV Income Statement 2025-2006 | NOV
Brief overview of income trends at NOV
The overview follows changes across a five-year period. Revenue at NOV moved from 6.1 billion dollars in 2020 to 8.7 billion dollars in 2025. Across the full period, sales moved by +43.6%; the average annual rate was 7.5%. The direction is positive, but the growth rate is not particularly high.
Gross profit was $434 million at the start and $1.8 billion at the end of the period (+307.1%). The relationship between sales and direct costs improved over the period. Gross profit as a share of revenue changed from 7.1% to 20.2%. A wider margin shows that the economics of the core business improved.
The five-year EBITDA result moved by +141%: from −$2.1 billion to $849 million. Additional revenue translated efficiently into EBITDA. At the operating-margin level, the figure shifted from −34% to 9.7%. The increased EBITDA share is a positive sign.
Net income moved from −2.5 billion dollars at the start to 145 million dollars at the end. The company restored profitability by the end of the period.
Over the period, capitalization shifted from $5.2 billion to $7.1 billion (+34.5%). The financial trend was stronger than the market valuation.
Financial takeaway
The indicators form a favorable picture of business development. The positive side is supported by positive operating leverage, improving net profitability and a stronger gross margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement NOV
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
7.06 B | 6.07 B | 6.77 B | 9.24 B | 5.21 B | 5.25 B | 8.03 B | 11.3 B | 13.8 B | 14.1 B | 12.6 B | 23.3 B | 28.3 B | 28.2 B | 28.7 B | 12.7 B | 15 B | 30 B | 15.3 B | - |
Shares |
372 M | 392 M | 393 M | 390 M | 386 M | 384 M | 382 M | 378 M | 377 M | 376 M | 387 M | 428 M | 426 M | 425 M | 422 M | 417 M | 416 M | 397 M | 354 M | - |
Historical Prices |
19 | 15.5 | 17.2 | 23.7 | 13.5 | 13.7 | 24.8 | 25.2 | 35.2 | 36.3 | 31.5 | 59.5 | 63.9 | 54.3 | 53.7 | 30.6 | 36.1 | 75.6 | 43.2 | 30.3 |
Net Income |
145 M | 635 M | 993 M | 155 M | -250 M | -2.54 B | -6.1 B | -31 M | -237 M | -2.41 B | -769 M | 2.5 B | 2.33 B | 2.49 B | 1.99 B | 1.67 B | 1.47 B | 1.95 B | 1.34 B | - |
Revenue |
8.74 B | 8.87 B | 8.58 B | 7.24 B | 5.52 B | 6.09 B | 8.48 B | 8.45 B | 7.3 B | 7.25 B | 14.8 B | 21.4 B | 22.9 B | 20 B | 14.7 B | - | - | - | - | - |
Cost of Revenue |
6.98 B | 6.86 B | 6.75 B | 5.9 B | 4.75 B | 5.66 B | 7.63 B | 7.01 B | 6.41 B | 7.35 B | 11.7 B | 15.6 B | 14.1 B | 12.2 B | 10.2 B | 8.32 B | 8.93 B | 9.36 B | 6.96 B | - |
Gross Profit |
1.77 B | 2.01 B | 1.83 B | 1.33 B | 774 M | 434 M | 845 M | 1.44 B | 892 M | -101 M | 3.06 B | 5.81 B | 5.49 B | 5.34 B | 4.5 B | 3.83 B | 3.78 B | 4.07 B | 2.83 B | - |
Operating Income |
494 M | 876 M | 651 M | 264 M | -134 M | -2.42 B | -6.28 B | 211 M | -277 M | -2.41 B | -390 M | 3.61 B | 3.2 B | 3.39 B | 2.81 B | 2.45 B | 2.32 B | 2.92 B | 2.04 B | - |
Interest Expense |
88 M | 91 M | 88 M | 78 M | 77 M | 84 M | 100 M | 93 M | 102 M | 105 M | 103 M | 105 M | 111 M | 49 M | 40 M | 50 M | 53 M | 67 M | 50 M | - |
EBITDA |
849 M | 1.22 B | 953 M | 565 M | 172 M | -2.07 B | 75 M | 901 M | 421 M | -736 M | 2.05 B | 4.5 B | 4.18 B | 4.18 B | 3.49 B | 2.95 B | 2.8 B | 3.32 B | 2.26 B | - |
Operating Expenses |
1.27 B | 1.13 B | 1.18 B | 1.07 B | 908 M | 2.86 B | 1.3 B | 1.23 B | 1.17 B | 1.34 B | 1.76 B | 2.09 B | 2.07 B | 1.78 B | 1.56 B | 1.38 B | 1.47 B | 1.15 B | 786 M | - |
General and Administrative Expenses |
1.2 B | 1.13 B | 1.18 B | 1.07 B | 908 M | 968 M | 1.3 B | 1.23 B | 1.17 B | 1.34 B | 1.76 B | 2.09 B | 2.07 B | 1.78 B | 1.56 B | 1.38 B | 1.32 B | 1.15 B | 786 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement NOV
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q4 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
357 M | 359 M | 361 M | -3 M | 370 M | 375 M | 381 M | -2 M | 392 M | 395 M | 394 M | 394 M | 393 M | 393 M | 392 M | 1 M | 391 M | 390 M | 387 M | 393 M | 387 M | 386 M | 385 M | 388 M | 385 M | 385 M | 383 M | 386 M | 382 M | 382 M | 380 M | 383 M | 379 M | 378 M | 377 M | 380 M | 377 M | 377 M | 376 M | 1 M | 376 M | 375 M | 375 M | -5 M | 380 M | 387 M | 407 M | 419 M | 429 M | 428 M | 428 M | 428 M | 426 M | 426 M | 426 M | 427 M | 425 M | 425 M | 423 M | 1 M | 422 M | 422 M | 420 M | - | 417 M | 417 M | 417 M | - | 416 M | 416 M |
Net Income |
95 M | 116 M | 20 M | -81 M | 44 M | 114 M | 74 M | 161 M | 130 M | 223 M | 121 M | 595 M | 108 M | 157 M | 125 M | 99 M | 35 M | 70 M | -49 M | -43 M | -65 M | -23 M | -114 M | -348 M | -53 M | -87 M | -2.05 B | -385 M | -249 M | -5.38 B | -75 M | 12 M | 4 M | 25 M | -66 M | -14 M | -27 M | -74 M | -120 M | -714 M | -1.36 B | -217 M | -118 M | -1.52 B | 156 M | 286 M | 313 M | 595 M | 701 M | 620 M | 589 M | 658 M | 636 M | 531 M | 500 M | 668 M | 609 M | 602 M | 604 M | 574 M | 528 M | 480 M | 404 M | 440 M | 404 M | 399 M | 419 M | 394 M | 387 M | 222 M |
Revenue |
2.23 B | 2.13 B | 2.05 B | 2.28 B | 2.18 B | 2.19 B | 2.1 B | 2.31 B | 2.19 B | 2.22 B | 2.16 B | 2.34 B | 2.18 B | 2.09 B | 1.96 B | 2.07 B | 1.89 B | 1.73 B | 1.55 B | 1.52 B | 1.34 B | 1.42 B | 1.25 B | 1.33 B | 1.38 B | 1.5 B | 1.88 B | 2.28 B | 2.13 B | 2.13 B | 1.94 B | 2.4 B | 2.15 B | 2.11 B | 1.8 B | 1.97 B | 1.84 B | 1.76 B | 1.74 B | 1.69 B | 1.65 B | 1.72 B | 2.19 B | 2.72 B | 3.31 B | 3.91 B | 4.82 B | 5.71 B | 5.59 B | 5.26 B | 4.89 B | 5.3 B | 4.86 B | 4.68 B | 4.38 B | 4.71 B | 5.32 B | 4.73 B | 4.3 B | 4.26 B | 3.74 B | 3.51 B | 3.15 B | - | - | - | - | - | - | - |
Cost of Revenue |
1.79 B | 1.61 B | 1.67 B | 1.73 B | 1.68 B | 1.66 B | 1.58 B | 1.73 B | 1.64 B | 1.55 B | 1.62 B | 1.57 B | 1.72 B | 1.64 B | 1.55 B | 1.3 B | 1.52 B | 1.42 B | 1.33 B | 1.32 B | 1.16 B | 1.19 B | 1.09 B | 1.39 B | 1.24 B | 1.36 B | 1.66 B | 1.9 B | 1.98 B | 2.07 B | 1.68 B | 1.99 B | 1.76 B | 1.75 B | 1.51 B | 1.8 B | 1.55 B | 1.53 B | 1.53 B | 2.15 B | 1.57 B | 1.69 B | 1.94 B | 2.33 B | 2.63 B | 3.05 B | 3.64 B | 4.17 B | 4.06 B | 3.8 B | 3.6 B | 3.9 B | 3.5 B | 3.51 B | 4.04 B | 1.74 B | 3.95 B | 3.43 B | 3.04 B | 2.98 B | 2.58 B | 2.43 B | 2.17 B | 2.18 B | 2.07 B | 2.01 B | 2.07 B | 2.16 B | 2.2 B | 2.14 B |
Gross Profit |
439 M | 521 M | 379 M | 462 M | 412 M | 446 M | 447 M | 493 M | 469 M | 590 M | 458 M | 497 M | 468 M | 457 M | 411 M | 443 M | 368 M | 309 M | 214 M | 202 M | 185 M | 231 M | 156 M | -66 M | 139 M | 137 M | 224 M | 376 M | 151 M | 62 M | 256 M | 409 M | 393 M | 355 M | 287 M | 167 M | 285 M | 231 M | 209 M | -459 M | 79 M | 35 M | 244 M | 359 M | 672 M | 855 M | 1.18 B | 1.54 B | 1.53 B | 1.46 B | 1.29 B | 1.4 B | 1.36 B | 1.17 B | 1.17 B | 1.4 B | 1.37 B | 1.31 B | 1.27 B | 1.28 B | 1.16 B | 1.08 B | 975 M | 997 M | 945 M | 928 M | 962 M | 979 M | 891 M | 875 M |
Operating Income |
142 M | 193 M | 47 M | 92 M | 107 M | 143 M | 152 M | 207 M | 194 M | 313 M | 162 M | 161 M | 183 M | 181 M | 126 M | 162 M | 55 M | 68 M | -21 M | -15 M | -43 M | 12 M | -88 M | -301 M | -74 M | -100 M | -1.95 B | -349 M | -154 M | -5.73 B | -48 M | 87 M | 73 M | 52 M | -1 M | -111 M | -7 M | -62 M | -97 M | -766 M | -1.19 B | -270 M | -189 M | -1.63 B | 234 M | 438 M | 570 M | 913 M | 988 M | 913 M | 799 M | 909 M | 884 M | 713 M | 751 M | 735 M | 898 M | 879 M | 877 M | 848 M | 772 M | 708 M | 609 M | 624 M | 596 M | 590 M | 637 M | 608 M | 601 M | 386 M |
Interest Expense |
- | -18 M | 2 M | -17 M | -12 M | -17 M | -20 M | 6 M | -10 M | -14 M | -10 M | -28 M | -25 M | -29 M | -16 M | -43 M | 10 M | 19 M | -2 M | 2 M | 1 M | -16 M | -10 M | 2 M | -8 M | -8 M | -3 M | -54 M | -10 M | -8 M | -18 M | -29 M | -20 M | -3 M | -47 M | 3 M | -16 M | -5 M | -15 M | -16 M | -30 M | -34 M | -21 M | -17 M | -20 M | -30 M | -56 M | -78 M | 9 M | -21 M | 26 M | -15 M | -12 M | 11 M | -21 M | -25 M | -22 M | -5 M | -16 M | -13 M | 8 M | -7 M | -19 M | -7 M | -23 M | -3 M | -16 M | -23 M | -13 M | -38 M |
EBITDA |
142 M | 286 M | 139 M | -118 M | 196 M | 230 M | 241 M | 1 M | 280 M | 399 M | 245 M | -21 M | 260 M | 252 M | 203 M | -12 M | 131 M | 143 M | 53 M | -203 M | 32 M | 89 M | -9 M | -290 M | -63 M | -90 M | -1.93 B | -334 M | -137 M | -5.76 B | 129 M | -91 M | 245 M | 226 M | 172 M | -295 M | 167 M | 112 M | 78 M | -962 M | -1.01 B | -92 M | -14 M | -1.84 B | 418 M | 628 M | 760 M | 700 M | 1.19 B | 1.1 B | 990 M | 729 M | 1.07 B | 895 M | 925 M | 578 M | 1.06 B | 1.04 B | 1.02 B | 711 M | 912 M | 846 M | 744 M | 1 M | 723 M | 714 M | 764 M | 608 M | 727 M | 624 M |
Operating Expenses |
297 M | 328 M | 332 M | 370 M | 305 M | 303 M | 295 M | 286 M | 275 M | 277 M | 296 M | 336 M | 285 M | 276 M | 285 M | 281 M | 313 M | 241 M | 235 M | 217 M | 228 M | 219 M | 244 M | 235 M | 213 M | 237 M | 2.17 B | 725 M | 305 M | 5.79 B | 304 M | 322 M | 320 M | 303 M | 288 M | 278 M | 292 M | 293 M | 306 M | 307 M | 1.26 B | 305 M | 433 M | 1.99 B | 438 M | 417 M | 607 M | 623 M | 540 M | 542 M | 491 M | 495 M | 476 M | 460 M | 416 M | 660 M | 473 M | 427 M | 390 M | 427 M | 392 M | 375 M | 366 M | 373 M | 349 M | 338 M | 325 M | 371 M | 290 M | 489 M |
General and Administrative Expenses |
297 M | 328 M | 332 M | 300 M | 305 M | 303 M | 295 M | 286 M | 275 M | 277 M | 296 M | 336 M | 285 M | 276 M | 285 M | 281 M | 313 M | 241 M | 235 M | 217 M | 228 M | 219 M | 244 M | 235 M | 213 M | 237 M | 283 M | 289 M | 293 M | 417 M | 304 M | 322 M | 320 M | 303 M | 288 M | 278 M | 292 M | 293 M | 306 M | 307 M | 293 M | 305 M | 433 M | 386 M | 383 M | 417 M | 607 M | 524 M | 540 M | 542 M | 491 M | 495 M | 476 M | 460 M | 513 M | 363 M | 473 M | 427 M | 390 M | 427 M | 392 M | 375 M | 366 M | 373 M | 349 M | 338 M | 325 M | 390 M | 279 M | 334 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company NOV (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.