Nov Inc. income statement NOV

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Nov Inc. reported revenue of $8.7 billion, down 1.4% from the year before. Net income was $145.0 million, a profit margin of 1.7%. Operating income came to $494.0 million, an operating margin of 5.6%. Diluted earnings per share were $0.39. Over the twelve months ended Sep 30, 2026, revenue was $8.7 billion and net income was $143.0 million. Across the 10 fiscal years shown, revenue grew from $7.3 billion in fiscal 2016 to $8.7 billion in fiscal 2025, about 2.1% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	8,689 -1.0%	8,744 -1.4%	8,870 +3.3%	8,583 +18.6%	7,237 +31.0%	5,524 -9.3%	6,090 -28.2%	8,479 +0.3%	8,453 +15.7%	7,304 +0.7%	7,251 -50.9%
Cost of revenue	6,888 -1.3%	6,977 +1.7%	6,860 +1.6%	6,750 +14.3%	5,903 +24.3%	4,750 -16.0%	5,656 -25.9%	7,634 +8.9%	7,009 +9.3%	6,412 -12.8%	7,352 -37.1%
Gross profit	1,801 +0.2%	1,767 -12.1%	2,010 +9.7%	1,833 +37.4%	1,334 +72.4%	774 +78.3%	434 -48.6%	845 -41.5%	1,444 +61.9%	892 +983.2%	-101 -103.3%
Selling, general and administrative	1,257 +5.7%	1,203 +6.1%	1,134 -4.1%	1,182 +10.5%	1,070 +17.8%	908 -6.2%	968 -25.7%	1,303 +5.7%	1,233 +5.5%	1,169 -12.6%	1,338 -24.1%
Operating income	474 -22.2%	494 -43.6%	876 +34.6%	651 +146.6%	264 +297.0%	-134 +94.5%	-2,425 +61.4%	-6,279 -3075.8%	211 +176.2%	-277 +88.5%	-2,411 -518.2%
Interest income	47 +9.3%	51 +34.2%	38 +35.7%	28 +47.4%	19 +111.1%	9 +28.6%	7 -65.0%	20 -20.0%	25 +0.0%	25 +66.7%	15 +7.1%
Interest expense	86 -4.4%	88 -3.3%	91 +3.4%	88 +12.8%	78 +1.3%	77 -8.3%	84 -16.0%	100 +7.5%	93 -8.8%	102 -2.9%	105 +1.9%
Other non-operating income (expense)	-33 +23.3%	-66 -135.7%	-28 +71.4%	-98 -180.0%	-35 -52.2%	-23 -35.3%	-17 +81.1%	-90 +9.1%	-99 -200.0%	-33 +67.3%	-101 +17.9%
Equity in earnings of affiliates	-21 -90.9%	-16 -144.4%	36 -69.7%	119 +75.0%	68 +1460.0%	-5 +98.1%	-260 -1900.0%	-13 -333.3%	-3 +40.0%	-5 +76.2%	-21 -261.5%
Pretax income	381 -25.0%	375 -54.9%	831 +35.8%	612 +157.1%	238 +203.5%	-230 +91.7%	-2,779 +57.0%	-6,462 -15861.0%	41 +110.5%	-392 +85.1%	-2,623 -345.3%
Income tax	231 +100.9%	224 +14.3%	196 +152.5%	-373 -549.4%	83 +453.3%	15 +106.2%	-242 +34.4%	-369 -685.7%	63 +140.4%	-156 +24.6%	-207 -216.3%
Net income	143 -62.7%	145 -77.2%	635 -36.1%	993 +540.6%	155 +162.0%	-250 +90.2%	-2,542 +58.3%	-6,095 -19561.3%	-31 +86.9%	-237 +90.2%	-2,412 -213.7%
Basic EPS	0.40 -60.8%	0.39 -75.9%	1.62 -36.0%	2.53 +532.5%	0.40 +161.5%	-0.65 +90.2%	-6.62 +58.5%	-15.96 -19850.0%	-0.08 +87.3%	-0.63 +90.2%	-6.41 -222.1%
Diluted EPS	0.39 -61.0%	0.39 -75.6%	1.60 -36.0%	2.50 +541.0%	0.39 +160.0%	-0.65 +90.2%	-6.62 +58.5%	-15.96 -19850.0%	-0.08 +87.3%	-0.63 +90.2%	-6.41 -222.1%
Weighted average shares, basic	360 -4.7%	372 -5.1%	392 -0.3%	393 +0.8%	390 +1.0%	386 +0.5%	384 +0.5%	382 +1.1%	378 +0.3%	377 +0.3%	376 -2.8%
Weighted average shares, diluted	365 -4.3%	375 -5.3%	396 -0.3%	397 +0.8%	394 +2.1%	386 +0.5%	384 +0.5%	382 +1.1%	378 +0.3%	377 +0.3%	376 -2.8%
Other measures
Depreciation and amortization	368 +4.2%	355 +3.5%	343 +13.6%	302 +0.3%	301 -1.6%	306 -13.1%	352 -34.0%	533 -22.8%	690 -1.1%	698 -0.7%	703 -5.9%
EBITDA	842 -12.5%	849 -30.4%	1,219 +27.9%	953 +68.7%	565 +228.5%	172 +108.3%	-2,073 +63.9%	-5,746 -737.7%	901 +114.0%	421 +124.6%	-1,708 -578.4%
Interest coverage	5.51x	5.61x	9.63x	7.40x	3.38x	-1.74x	-28.87x	-62.79x	2.27x	-2.72x	-22.96x
Margins
Gross margin	20.73%	20.21%	22.66%	21.36%	18.43%	14.01%	7.13%	9.97%	17.08%	12.21%	-1.39%
Operating margin	5.46%	5.65%	9.88%	7.58%	3.65%	-2.43%	-39.82%	-74.05%	2.50%	-3.79%	-33.25%
Pretax margin	4.38%	4.29%	9.37%	7.13%	3.29%	-4.16%	-45.63%	-76.21%	0.49%	-5.37%	-36.17%
Profit margin	1.65%	1.66%	7.16%	11.57%	2.14%	-4.53%	-41.74%	-71.88%	-0.37%	-3.24%	-33.26%
EBITDA margin	9.69%	9.71%	13.74%	11.10%	7.81%	3.11%	-34.04%	-67.77%	10.66%	5.76%	-23.56%
Effective tax rate	60.63%	59.73%	23.59%	-60.95%	34.87%	—	—	—	153.66%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Oil & Gas Field Machinery & Equipment (SIC 3533)
Listed as: NOV (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Houston, TX
SEC filer status: Large accelerated filer
SEC CIK: 1021860
Former names: NATIONAL OILWELL VARCO INC (until Dec 22, 2020); NATIONAL OILWELL INC (until Mar 8, 2005)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.