NOV (NOV) Financials

$12.31 +0.17 (+1.40%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$12.24 -0.07 (-0.57%)

As of 05/27/2025 07:07 PM Eastern

Annual Income Statements for NOV

This table shows NOV's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	635	993	155	-250	-2,542	-6,095	-31	-237	-2,412	-769
Consolidated Net Income / (Loss)	635	985	155	-245	-2,537	-6,093	-22	-236	-2,416	-767
Net Income / (Loss) Continuing Operations	635	985	155	-245	-2,537	-6,093	-22	1,548	-2,416	-767
Total Pre-Tax Income	831	612	238	-230	-2,779	-6,462	41	-392	-2,623	-589
Total Operating Income	876	651	264	-134	-2,425	-6,279	211	-277	-2,411	-390
Total Gross Profit	2,010	1,833	1,334	774	434	845	1,444	1,784	-101	3,063
Total Revenue	8,870	8,583	7,237	5,524	6,090	8,479	8,453	14,608	7,251	14,757
Operating Revenue	8,870	8,583	7,237	5,524	6,090	8,479	8,453	14,608	7,251	14,757
Total Cost of Revenue	6,860	6,750	5,903	4,750	5,656	7,634	7,009	12,824	7,352	11,694
Operating Cost of Revenue	6,860	6,750	5,903	4,750	5,656	7,634	7,009	12,824	7,352	11,694
Total Operating Expenses	1,134	1,182	1,070	908	2,859	7,124	1,233	277	2,310	3,453
Selling, General & Admin Expense	1,134	1,182	1,070	908	968	1,303	1,233	1,169	1,338	1,764
Impairment Charge	0.00	0.00	0.00	0.00	1,891	5,821	0.00	-	972	1,689
Total Other Income / (Expense), net	-45	-39	-26	-96	-354	-183	-170	-115	-212	-199
Interest Expense	91	88	78	77	84	100	93	102	105	103
Interest & Investment Income	74	147	87	4.00	-253	7.00	22	20	-6.00	27
Other Income / (Expense), net	-28	-98	-35	-23	-17	-90	-99	-33	-101	-123
Income Tax Expense	196	-373	83	15	-242	-369	63	-156	-207	178
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-8.00	0.00	5.00	5.00	2.00	9.00	1.00	-4.00	2.00
Basic Earnings per Share	$1.62	$2.53	$0.40	($0.65)	($6.62)	($15.96)	($0.08)	($0.63)	($6.41)	($1.99)
Weighted Average Basic Shares Outstanding	392M	393M	390M	386M	384M	382M	378M	377M	376M	387M
Diluted Earnings per Share	$1.60	$2.50	$0.39	($0.65)	($6.62)	($15.96)	($0.08)	($0.63)	($6.41)	($1.99)
Weighted Average Diluted Shares Outstanding	396M	397M	394M	386M	384M	382M	378M	377M	376M	387M
Weighted Average Basic & Diluted Shares Outstanding	380.82M	394.00M	392.83M	392.67M	388.21M	385.95M	387.50M	376.20M	376.30M	386.40M
Cash Dividends to Common per Share	$0.28	$0.20	$0.20	$0.05	$0.05	$0.20	$0.20	$0.20	$0.61	$1.84

This table shows NOV's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	73	160	130	226	119	598	114	155	126	104	32
Consolidated Net Income / (Loss)	74	161	130	223	121	595	108	157	125	99	35
Net Income / (Loss) Continuing Operations	74	161	130	223	121	595	108	157	125	99	35
Total Pre-Tax Income	121	199	174	293	165	135	156	176	145	141	64
Total Operating Income	152	207	194	313	162	161	183	181	126	162	55
Total Gross Profit	447	493	469	590	458	497	468	457	411	443	368
Total Revenue	2,103	2,308	2,191	2,216	2,155	2,343	2,185	2,093	1,962	2,073	1,889
Operating Revenue	2,103	2,308	2,191	2,216	2,155	2,343	2,185	2,093	1,962	2,073	1,889
Total Cost of Revenue	1,656	1,815	1,722	1,626	1,697	1,846	1,717	1,636	1,551	1,630	1,521
Operating Cost of Revenue	1,656	1,815	1,722	1,626	1,697	1,846	1,717	1,636	1,551	1,630	1,521
Total Operating Expenses	295	286	275	277	296	336	285	276	285	281	313
Selling, General & Admin Expense	295	286	275	277	296	336	285	276	285	281	313
Total Other Income / (Expense), net	-31	-8.00	-20	-20	3.00	-26	-27	-5.00	19	-21	9.00
Interest Expense	22	24	21	22	24	23	23	21	21	21	19
Interest & Investment Income	11	10	11	16	37	25	21	45	56	43	18
Other Income / (Expense), net	-20	6.00	-10	-14	-10	-28	-25	-29	-16	-43	10
Income Tax Expense	47	38	44	70	44	-460	48	19	20	42	29
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	1.00	0.00	-3.00	2.00	-3.00	-6.00	2.00	-1.00	-5.00	3.00
Basic Earnings per Share	$0.19	$0.42	$0.33	$0.57	$0.30	$1.53	$0.29	$0.39	$0.32	$0.27	$0.08
Weighted Average Basic Shares Outstanding	381M	392M	392M	395M	394M	393M	393M	393M	392M	390M	391M
Diluted Earnings per Share	$0.19	$0.40	$0.33	$0.57	$0.30	$1.50	$0.29	$0.39	$0.32	$0.26	$0.08
Weighted Average Diluted Shares Outstanding	383M	396M	395M	397M	397M	397M	396M	395M	396M	394M	393M
Weighted Average Basic & Diluted Shares Outstanding	375.74M	380.82M	389.08M	393.71M	395.54M	394.00M	393.93M	393.78M	393.72M	392.83M	392.80M
Cash Dividends to Common per Share	$0.08	$0.08	$0.08	$0.08	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05

This table details how cash moves in and out of NOV's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	414	-253	-522	-101	521	-256	34	-8.00	-672	-1,456
Net Cash From Operating Activities	1,304	143	-179	291	926	714	521	832	960	1,332
Net Cash From Continuing Operating Activities	1,304	143	-179	291	926	714	521	832	960	1,332
Net Income / (Loss) Continuing Operations	635	985	155	-245	-2,537	-6,093	-22	-236	-2,416	-767
Consolidated Net Income / (Loss)	635	985	155	-245	-2,537	-6,093	-22	-236	-2,416	-767
Depreciation Expense	343	302	301	306	352	533	690	698	703	747
Non-Cash Adjustments To Reconcile Net Income	182	-44	-42	329	2,603	6,561	87	433	2,107	2,076
Changes in Operating Assets and Liabilities, net	144	-1,100	-593	-99	508	-287	-234	-63	566	-724
Net Cash From Investing Activities	-471	-293	-238	-196	-144	-315	-457	-245	-488	-514
Net Cash From Continuing Investing Activities	-471	-293	-238	-196	-144	-315	-457	-245	-488	-514
Purchase of Property, Plant & Equipment	-351	-283	-214	-201	-226	-233	-244	-192	-284	-453
Acquisitions	-298	-22	-49	-52	-14	-180	-280	-86	-230	-86
Divestitures	176	0.00	0.00	-	-	-	-	-	-	-
Other Investing Activities, net	2.00	12	25	57	96	98	67	33	26	25
Net Cash From Financing Activities	-406	-103	-96	-189	-259	-647	-30	-595	-1,141	-2,163
Net Cash From Continuing Financing Activities	-406	-103	-96	-189	-259	-647	-30	-595	-1,141	-2,163
Repayment of Debt	-461	-185	-14	-203	-245	-1,049	0.00	-513	-4,880	-10,615
Repurchase of Common Equity	-229	0.00	0.00	-	-	-	-	-	-	-2,221
Payment of Dividends	-108	-79	-78	-20	-19	-77	-76	-76	-230	-710
Issuance of Debt	420	184	20	60	36	511	54	-	3,972	11,377
Other Financing Activities, net	-28	-23	-24	-26	-31	-32	-8.00	-6.00	-3.00	6.00
Effect of Exchange Rate Changes	-13	-	-	-7.00	-2.00	-	-	-	-3.00	-111
Cash Interest Paid	86	85	75	76	83	85	90	97	101	103
Cash Income Taxes Paid	161	114	117	-78	-9.00	144	64	50	181	782

This table details how cash moves in and out of NOV's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-73	245	158	359	-348	303	-79	-182	-295	71	-220
Net Cash From Operating Activities	135	591	359	432	-78	377	40	-72	-202	154	-106
Net Cash From Continuing Operating Activities	135	591	359	432	-78	377	40	-72	-202	154	-106
Net Income / (Loss) Continuing Operations	74	161	130	223	121	595	108	157	125	99	35
Consolidated Net Income / (Loss)	74	161	130	223	121	595	108	157	125	99	35
Depreciation Expense	89	88	86	86	83	77	77	71	77	76	76
Non-Cash Adjustments To Reconcile Net Income	-46	145	109	-1.00	-71	-30	18	-48	16	-131	-37
Changes in Operating Assets and Liabilities, net	18	197	34	124	-211	-265	-163	-252	-420	110	-180
Net Cash From Investing Activities	-81	-163	-82	85	-311	-82	-83	-76	-52	-65	-84
Net Cash From Continuing Investing Activities	-81	-163	-82	85	-311	-82	-83	-76	-52	-65	-84
Purchase of Property, Plant & Equipment	-84	-118	-82	-82	-69	-76	-74	-76	-57	-66	-59
Acquisitions	0.00	-46	-	-9.00	-243	-8.00	-14	-	0.00	-	-
Other Investing Activities, net	3.00	1.00	-	-	1.00	2.00	5.00	-	5.00	50	-25
Net Cash From Financing Activities	-135	-171	-122	-156	43	3.00	-33	-32	-41	-24	-20
Net Cash From Continuing Financing Activities	-135	-171	-122	-156	43	3.00	-33	-32	-41	-24	-20
Repayment of Debt	-19	-22	-7.00	-418	-14	-94	-67	-8.00	-16	-3.00	-
Repurchase of Common Equity	-81	-112	-80	-	-	-	-	-	-	-	-
Payment of Dividends	-28	-29	-29	-30	-20	-19	-20	-20	-20	-19	-20
Issuance of Debt	0.00	1.00	-	336	83	122	60	1.00	1.00	4.00	6.00
Other Financing Activities, net	-7.00	-9.00	-6.00	-7.00	-6.00	-6.00	-6.00	-5.00	-6.00	-6.00	-6.00
Effect of Exchange Rate Changes	8.00	-	-	-2.00	-2.00	-	-3.00	-	-	-	-10
Cash Interest Paid	4.00	38	3.00	39	6.00	40	4.00	37	4.00	36	1.00
Cash Income Taxes Paid	15	37	47	49	28	31	31	32	20	26	12

This table presents NOV's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	11,361	11,294	10,135	9,550	9,929	13,149	19,796	20,206	21,140	25,970
Total Current Assets	5,770	5,840	5,493	4,902	5,209	6,113	7,279	7,217	7,876	11,425
Cash & Equivalents	1,230	816	1,069	1,591	1,692	1,171	1,427	1,437	1,408	2,080
Accounts Receivable	1,819	1,905	1,739	1,321	1,274	1,855	2,101	2,015	2,748	4,176
Inventories, net	1,932	2,151	1,813	1,331	1,408	2,197	2,986	3,003	3,325	4,678
Prepaid Expenses	212	229	187	198	224	247	200	267	395	491
Other Current Assets	577	739	685	461	611	643	565	495	-	-
Plant, Property, & Equipment, net	1,922	1,865	1,781	1,823	1,927	2,354	2,797	3,002	3,150	3,124
Total Noncurrent Assets	3,669	3,589	2,861	2,825	2,793	4,682	9,720	9,987	10,114	11,421
Long-Term Investments	163	211	117	50	51	282	301	309	307	327
Noncurrent Note & Lease Receivables	196	172	171	176	195	230	-	-	-	-
Goodwill	1,630	1,562	1,505	1,527	1,493	2,807	6,264	6,227	6,067	6,980
Intangible Assets	508	450	490	503	527	852	3,020	3,301	3,530	3,849
Noncurrent Deferred & Refundable Income Taxes	413	488	0.00	-	-	0.00	11	13	86	130
Other Noncurrent Operating Assets	759	706	578	569	527	511	124	137	124	135
Total Liabilities & Shareholders' Equity	11,361	11,294	10,135	9,550	9,929	13,149	19,796	20,206	21,140	25,970
Total Liabilities	4,933	5,052	5,001	4,486	4,650	5,303	5,907	6,046	7,137	9,510
Total Current Liabilities	2,347	2,435	2,437	1,910	1,867	2,247	2,341	2,354	3,047	3,958
Short-Term Debt	37	13	13	5.00	0.00	-	-	6.00	506	2.00
Accounts Payable	837	904	906	612	489	715	722	510	414	623
Accrued Expenses	861	870	959	778	863	949	1,088	1,238	1,568	2,284
Current Deferred Revenue	492	532	444	-	-	-	-	-	440	785
Current Deferred & Payable Income Tax Liabilities	18	22	28	24	51	42	66	81	119	264
Other Current Liabilities	102	94	87	491	464	541	465	519	-	-
Total Noncurrent Liabilities	2,586	2,617	2,564	2,576	2,783	3,056	3,566	3,692	4,090	5,552
Long-Term Debt	1,703	1,712	1,717	1,708	1,834	1,989	2,482	2,706	2,708	3,907
Noncurrent Deferred & Payable Income Tax Liabilities	56	70	68	66	78	140	564	677	1,064	1,362
Other Noncurrent Operating Liabilities	827	835	779	802	871	927	520	309	318	283
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,428	6,242	5,134	5,064	5,279	7,846	13,889	14,160	14,003	16,460
Total Preferred & Common Equity	6,376	6,168	5,096	4,997	5,210	7,778	13,819	14,094	13,940	16,383
Total Common Equity	6,376	6,168	5,096	4,997	5,210	7,778	13,819	14,094	13,940	16,383
Common Stock	8,629	8,816	8,758	8,689	8,595	8,511	8,394	8,238	8,107	8,009
Retained Earnings	-628	-1,155	-2,069	-2,146	-1,876	690	6,862	6,966	7,285	9,927
Accumulated Other Comprehensive Income / (Loss)	-1,625	-1,493	-1,593	-1,546	-1,509	-1,423	-1,437	-1,110	-1,452	-1,553
Noncontrolling Interest	52	74	38	67	69	68	70	66	63	77

This table presents NOV's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	11,273	11,422	11,297	11,305	10,498	10,446	10,177	9,761
Total Current Assets	5,784	5,918	5,844	5,688	5,658	5,610	5,422	5,179
Cash & Equivalents	1,157	985	827	468	513	592	774	998
Accounts Receivable	1,790	1,896	1,854	1,867	1,982	1,891	1,776	1,623
Inventories, net	1,942	2,123	2,157	2,278	2,277	2,199	2,036	1,755
Prepaid Expenses	215	230	234	261	211	224	199	212
Other Current Assets	680	684	772	814	675	704	637	591
Plant, Property, & Equipment, net	1,953	1,908	1,882	1,878	1,843	1,839	1,814	1,757
Total Noncurrent Assets	3,536	3,596	3,571	3,739	2,997	2,997	2,941	2,825
Long-Term Investments	157	170	168	247	198	184	144	82
Noncurrent Note & Lease Receivables	195	175	175	176	173	172	171	170
Goodwill	1,621	1,612	1,618	1,602	1,556	1,549	1,549	1,505
Intangible Assets	506	493	498	508	459	470	477	501
Noncurrent Deferred & Refundable Income Taxes	388	407	396	484	-	-	-	-
Other Noncurrent Operating Assets	669	739	716	722	611	622	600	567
Total Liabilities & Shareholders' Equity	11,273	11,422	11,297	11,305	10,498	10,446	10,177	9,761
Total Liabilities	4,779	4,906	4,865	4,984	4,931	4,949	4,869	4,831
Total Current Liabilities	2,182	2,300	2,242	2,272	2,369	2,385	2,308	2,247
Short-Term Debt	38	28	24	44	13	13	13	10
Accounts Payable	796	835	809	823	925	1,007	961	774
Accrued Expenses	685	819	782	767	818	769	775	904
Current Deferred Revenue	520	495	508	533	488	-	-	-
Current Deferred & Payable Income Tax Liabilities	41	22	20	6.00	32	11	21	43
Other Current Liabilities	102	101	99	99	93	585	538	516
Total Noncurrent Liabilities	2,597	2,606	2,623	2,712	2,562	2,564	2,561	2,584
Long-Term Debt	1,699	1,721	1,724	1,764	1,716	1,715	1,719	1,720
Noncurrent Deferred & Payable Income Tax Liabilities	64	44	59	92	69	69	68	51
Other Noncurrent Operating Liabilities	834	841	840	856	777	780	774	813
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,494	6,516	6,432	6,321	5,567	5,497	5,308	4,930
Total Preferred & Common Equity	6,440	6,464	6,379	6,246	5,521	5,434	5,243	4,868
Total Common Equity	6,440	6,464	6,379	6,246	5,521	5,434	5,243	4,868
Common Stock	8,550	8,725	8,788	8,822	8,797	8,777	8,760	8,722
Retained Earnings	-583	-759	-860	-1,056	-1,734	-1,828	-1,963	-2,154
Accumulated Other Comprehensive Income / (Loss)	-1,527	-1,502	-1,549	-1,520	-1,542	-1,515	-1,554	-1,700
Noncontrolling Interest	54	52	53	75	46	63	65	62

This table displays calculated financial ratios and metrics derived from NOV's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.34%	18.60%	31.01%	-9.29%	-28.18%	0.31%	-42.13%	101.46%	-50.86%	-31.17%
EBITDA Growth	39.30%	61.32%	255.70%	107.13%	64.19%	-827.68%	106.70%	121.45%	-873.08%	-94.56%
EBIT Growth	53.35%	141.48%	245.86%	93.57%	61.66%	-5,786.61%	136.13%	87.66%	-389.67%	-114.56%
NOPAT Growth	-36.11%	509.41%	283.30%	94.47%	61.38%	-3,782.10%	41.61%	88.51%	-518.21%	-110.75%
Net Income Growth	-35.53%	535.48%	163.27%	90.34%	58.36%	-27,595.45%	90.68%	90.23%	-214.99%	-130.59%
EPS Growth	-36.00%	541.03%	160.00%	90.18%	58.52%	-19,850.00%	87.30%	90.17%	-222.11%	-134.19%
Operating Cash Flow Growth	811.89%	179.89%	-161.51%	-68.57%	29.69%	37.04%	-37.38%	-13.33%	-27.93%	-49.04%
Free Cash Flow Firm Growth	489.48%	42.11%	-363.96%	-89.33%	-29.54%	404.54%	103.06%	-76.42%	-57.21%	-56.53%
Invested Capital Growth	-2.38%	22.23%	10.55%	-4.36%	-35.93%	-42.76%	-3.19%	-2.43%	-13.70%	-10.37%
Revenue Q/Q Growth	-0.39%	3.25%	8.32%	3.56%	-13.54%	-1.36%	-44.85%	107.88%	-12.44%	-16.83%
EBITDA Q/Q Growth	8.27%	1.79%	33.50%	214.62%	3.95%	-10.03%	25.31%	235.19%	32.17%	-91.44%
EBIT Q/Q Growth	10.42%	2.60%	136.08%	64.56%	4.08%	-7.80%	307.41%	68.50%	25.66%	-126.03%
NOPAT Q/Q Growth	-42.13%	103.09%	933.72%	68.10%	1.94%	-7.46%	-1,344.17%	70.28%	26.43%	-117.94%
Net Income Q/Q Growth	-40.60%	101.43%	1,092.31%	55.45%	1.44%	-7.03%	57.69%	74.84%	24.99%	-156.73%
EPS Q/Q Growth	-40.74%	98.41%	1,200.00%	55.17%	1.63%	-7.04%	50.00%	74.60%	23.87%	-160.30%
Operating Cash Flow Q/Q Growth	19.63%	278.75%	39.73%	-34.01%	-23.66%	54.55%	-16.10%	25.30%	-32.44%	-8.39%
Free Cash Flow Firm Q/Q Growth	32.06%	56.20%	25.89%	-69.65%	-9.84%	-6.43%	48.45%	-38.81%	-46.18%	-1.23%
Invested Capital Q/Q Growth	-4.71%	5.39%	1.76%	1.42%	-7.73%	-6.96%	-2.98%	-1.35%	-4.80%	-10.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.66%	21.36%	18.43%	14.01%	7.13%	9.97%	17.08%	12.21%	-1.39%	20.76%
EBITDA Margin	13.43%	9.96%	7.32%	2.70%	-34.32%	-68.83%	9.49%	2.66%	-24.95%	1.59%
Operating Margin	9.88%	7.58%	3.65%	-2.43%	-39.82%	-74.05%	2.50%	-1.90%	-33.25%	-2.64%
EBIT Margin	9.56%	6.44%	3.16%	-2.84%	-40.10%	-75.12%	1.33%	-2.12%	-34.64%	-3.48%
Profit (Net Income) Margin	7.16%	11.48%	2.14%	-4.44%	-41.66%	-71.86%	-0.26%	-1.62%	-33.32%	-5.20%
Tax Burden Percent	76.41%	160.95%	65.13%	106.52%	91.29%	94.29%	-53.66%	60.20%	92.11%	130.22%
Interest Burden Percent	98.00%	110.67%	103.93%	146.50%	113.80%	101.46%	36.61%	126.45%	104.42%	114.81%
Effective Tax Rate	23.59%	-60.95%	34.87%	0.00%	0.00%	0.00%	153.66%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	9.76%	16.61%	3.18%	-1.79%	-24.69%	-38.18%	-0.76%	-1.27%	-10.09%	-1.44%
ROIC Less NNEP Spread (ROIC-NNEP)	3.18%	6.50%	-2.32%	-187.31%	-292.47%	-301.39%	9.85%	-4.68%	-58.62%	-129.75%
Return on Net Nonoperating Assets (RNNOA)	0.26%	0.71%	-0.14%	-2.95%	-13.97%	-17.89%	0.60%	-0.41%	-5.78%	-2.68%
Return on Equity (ROE)	10.02%	17.32%	3.04%	-4.74%	-38.66%	-56.07%	-0.16%	-1.68%	-15.86%	-4.12%
Cash Return on Invested Capital (CROIC)	12.17%	-3.40%	-6.84%	2.67%	19.12%	16.21%	2.48%	1.19%	4.62%	9.50%
Operating Return on Assets (OROA)	7.49%	5.16%	2.33%	-1.61%	-21.16%	-38.66%	0.56%	-1.50%	-10.66%	-1.72%
Return on Assets (ROA)	5.61%	9.19%	1.57%	-2.52%	-21.99%	-36.99%	-0.11%	-1.14%	-10.26%	-2.58%
Return on Common Equity (ROCE)	9.92%	17.15%	3.01%	-4.68%	-38.26%	-55.71%	-0.16%	-1.67%	-15.79%	-4.10%
Return on Equity Simple (ROE_SIMPLE)	9.96%	15.97%	3.04%	-4.90%	-48.69%	-78.34%	-0.16%	-1.67%	-17.33%	-4.68%
Net Operating Profit after Tax (NOPAT)	669	1,048	172	-94	-1,698	-4,395	-113	-194	-1,688	-273
NOPAT Margin	7.55%	12.21%	2.38%	-1.70%	-27.87%	-51.84%	-1.34%	-1.33%	-23.28%	-1.85%
Net Nonoperating Expense Percent (NNEP)	6.58%	10.11%	5.50%	185.52%	267.78%	263.21%	-10.61%	3.42%	48.54%	128.31%
Return On Investment Capital (ROIC_SIMPLE)	8.20%	13.15%	2.50%	-1.38%	-23.86%	-44.69%	-0.69%	-1.15%	-9.80%	-1.34%
Cost of Revenue to Revenue	77.34%	78.64%	81.57%	85.99%	92.87%	90.03%	82.92%	87.79%	101.39%	79.24%
SG&A Expenses to Revenue	12.78%	13.77%	14.79%	16.44%	15.89%	15.37%	14.59%	8.00%	18.45%	11.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.78%	13.77%	14.79%	16.44%	46.95%	84.02%	14.59%	1.90%	31.86%	23.40%
Earnings before Interest and Taxes (EBIT)	848	553	229	-157	-2,442	-6,369	112	-310	-2,512	-513
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,191	855	530	149	-2,090	-5,836	802	388	-1,809	234
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	1.27	1.56	1.01	0.98	1.18	0.67	0.91	0.94	0.70
Price to Tangible Book Value (P/TBV)	1.33	1.88	2.56	1.71	1.59	2.23	2.04	2.81	3.03	2.07
Price to Revenue (P/Rev)	0.64	0.91	1.10	0.92	0.83	1.08	1.10	0.88	1.82	0.78
Price to Earnings (P/E)	8.90	7.87	51.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	1.89%	1.01%	0.99%	0.39%	1.53%	0.84%	0.83%	0.59%	1.75%	6.02%
Earnings Yield	11.24%	12.70%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.89	1.24	1.50	1.01	0.98	1.17	0.69	0.92	0.95	0.73
Enterprise Value to Revenue (EV/Rev)	0.68	1.00	1.18	0.94	0.86	1.15	1.19	0.95	2.03	0.89
Enterprise Value to EBITDA (EV/EBITDA)	5.08	10.04	16.08	34.97	0.00	0.00	12.59	35.69	0.00	55.86
Enterprise Value to EBIT (EV/EBIT)	7.13	15.53	37.21	0.00	0.00	0.00	90.15	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.04	8.20	49.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.64	60.06	0.00	17.90	5.66	13.70	19.38	16.64	15.34	9.81
Enterprise Value to Free Cash Flow (EV/FCFF)	7.25	0.00	0.00	37.16	3.99	5.24	27.30	76.05	19.07	7.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.28	0.34	0.34	0.35	0.25	0.18	0.19	0.23	0.24
Long-Term Debt to Equity	0.26	0.27	0.33	0.34	0.35	0.25	0.18	0.19	0.19	0.24
Financial Leverage	0.08	0.11	0.06	0.02	0.05	0.06	0.06	0.09	0.10	0.02
Leverage Ratio	1.79	1.88	1.93	1.88	1.76	1.52	1.43	1.47	1.55	1.60
Compound Leverage Factor	1.75	2.08	2.01	2.76	2.00	1.54	0.52	1.86	1.61	1.84
Debt to Total Capital	21.30%	21.65%	25.20%	25.28%	25.78%	20.22%	15.16%	16.07%	18.67%	19.19%
Short-Term Debt to Total Capital	0.45%	0.16%	0.19%	0.07%	0.00%	0.00%	0.00%	0.04%	2.94%	0.01%
Long-Term Debt to Total Capital	20.85%	21.49%	25.01%	25.20%	25.78%	20.22%	15.16%	16.04%	15.73%	19.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.64%	0.93%	0.55%	0.99%	0.97%	0.69%	0.43%	0.39%	0.37%	0.38%
Common Equity to Total Capital	78.06%	77.42%	74.24%	73.73%	73.25%	79.08%	84.41%	83.53%	80.97%	80.43%
Debt to EBITDA	1.46	2.02	3.26	11.50	-0.88	-0.34	3.09	6.99	-1.78	16.71
Net Debt to EBITDA	0.29	0.82	1.03	0.48	-0.04	-0.09	0.94	2.49	-0.83	6.42
Long-Term Debt to EBITDA	1.43	2.00	3.24	11.46	-0.88	-0.34	3.09	6.97	-1.50	16.70
Debt to NOPAT	2.60	1.65	10.06	-18.26	-1.08	-0.45	-21.92	-13.99	-1.90	-14.32
Net Debt to NOPAT	0.52	0.67	3.16	-0.77	-0.05	-0.12	-6.66	-4.98	-0.89	-5.50
Long-Term Debt to NOPAT	2.54	1.63	9.99	-18.21	-1.08	-0.45	-21.92	-13.96	-1.60	-14.31
Altman Z-Score	2.00	2.07	1.82	1.26	0.60	0.51	2.17	2.72	1.81	2.11
Noncontrolling Interest Sharing Ratio	0.99%	0.98%	1.03%	1.31%	1.04%	0.63%	0.48%	0.46%	0.46%	0.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.46	2.40	2.25	2.57	2.79	2.72	3.11	3.07	2.58	2.89
Quick Ratio	1.30	1.12	1.15	1.52	1.59	1.35	1.51	1.47	1.36	1.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	834	-214	-370	140	1,315	1,866	370	182	772	1,805
Operating Cash Flow to CapEx	371.51%	50.53%	-83.64%	144.78%	409.73%	306.44%	213.52%	433.33%	338.03%	294.04%
Free Cash Flow to Firm to Interest Expense	9.17	-2.43	-4.74	1.82	15.65	18.66	3.98	1.79	7.36	17.52
Operating Cash Flow to Interest Expense	14.33	1.63	-2.29	3.78	11.02	7.14	5.60	8.16	9.14	12.93
Operating Cash Flow Less CapEx to Interest Expense	10.47	-1.59	-5.04	1.17	8.33	4.81	2.98	6.27	6.44	8.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.80	0.74	0.57	0.53	0.51	0.42	0.71	0.31	0.50
Accounts Receivable Turnover	4.76	4.71	4.73	4.26	3.89	4.29	4.11	6.13	2.09	2.82
Inventory Turnover	3.36	3.41	3.76	3.47	3.14	2.95	2.34	4.05	1.84	2.35
Fixed Asset Turnover	4.68	4.71	4.02	2.95	2.85	3.29	2.92	4.75	2.31	4.55
Accounts Payable Turnover	7.88	7.46	7.78	8.63	9.40	10.62	11.38	27.76	14.18	12.91
Days Sales Outstanding (DSO)	76.62	77.48	77.17	85.73	93.77	85.15	88.86	59.50	174.27	129.48
Days Inventory Outstanding (DIO)	108.62	107.17	97.20	105.24	116.32	123.91	155.94	90.05	198.66	155.42
Days Payable Outstanding (DPO)	46.32	48.94	46.93	42.30	38.85	34.35	32.08	13.15	25.74	28.28
Cash Conversion Cycle (CCC)	138.93	135.72	127.44	148.67	171.24	174.70	212.73	136.41	347.19	256.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,775	6,940	5,678	5,136	5,370	8,382	14,643	15,126	15,502	17,962
Invested Capital Turnover	1.29	1.36	1.34	1.05	0.89	0.74	0.57	0.95	0.43	0.78
Increase / (Decrease) in Invested Capital	-165	1,262	542	-234	-3,012	-6,261	-483	-376	-2,460	-2,078
Enterprise Value (EV)	6,049	8,588	8,521	5,210	5,245	9,778	10,097	13,848	14,725	13,071
Market Capitalization	5,650	7,816	7,939	5,071	5,085	9,174	9,273	12,816	13,163	11,492
Book Value per Share	$16.39	$15.66	$12.97	$12.79	$13.42	$20.16	$36.05	$37.09	$36.91	$43.60
Tangible Book Value per Share	$10.89	$10.55	$7.89	$7.59	$8.22	$10.68	$11.83	$12.01	$11.50	$14.78
Total Capital	8,168	7,967	6,864	6,777	7,113	9,835	16,371	16,872	17,217	20,369
Total Debt	1,740	1,725	1,730	1,713	1,834	1,989	2,482	2,712	3,214	3,909
Total Long-Term Debt	1,703	1,712	1,717	1,708	1,834	1,989	2,482	2,706	2,708	3,907
Net Debt	347	698	544	72	91	536	754	966	1,499	1,502
Capital Expenditures (CapEx)	351	283	214	201	226	233	244	192	284	453
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,230	2,602	2,000	1,406	1,650	2,695	3,511	3,432	3,927	5,389
Debt-free Net Working Capital (DFNWC)	3,460	3,418	3,069	2,997	3,342	3,866	4,938	4,869	5,335	7,469
Net Working Capital (NWC)	3,423	3,405	3,056	2,992	3,342	3,866	4,938	4,863	4,829	7,467
Net Nonoperating Expense (NNE)	34	63	17	151	840	1,698	-91	42	728	494
Net Nonoperating Obligations (NNO)	347	698	544	72	91	536	754	966	1,499	1,502
Total Depreciation and Amortization (D&A)	343	302	301	306	352	533	690	698	703	747
Debt-free, Cash-free Net Working Capital to Revenue	25.14%	30.32%	27.64%	25.45%	27.09%	31.78%	41.54%	23.49%	54.16%	36.52%
Debt-free Net Working Capital to Revenue	39.01%	39.82%	42.41%	54.25%	54.88%	45.60%	58.42%	33.33%	73.58%	50.61%
Net Working Capital to Revenue	38.59%	39.67%	42.23%	54.16%	54.88%	45.60%	58.42%	33.29%	66.60%	50.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$2.53	$0.40	($0.65)	($6.62)	($15.96)	($0.08)	($0.63)	($6.41)	($1.99)
Adjusted Weighted Average Basic Shares Outstanding	392M	393M	390M	386M	384M	382M	378M	377M	376M	387M
Adjusted Diluted Earnings per Share	$1.60	$2.50	$0.39	($0.65)	($6.62)	($15.96)	($0.08)	($0.63)	($6.41)	($1.99)
Adjusted Weighted Average Diluted Shares Outstanding	396M	397M	394M	386M	384M	382M	378M	377M	376M	387M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	380.82M	394.00M	392.83M	392.67M	388.21M	385.95M	383.43M	380.14M	378.73M	375.80M
Normalized Net Operating Profit after Tax (NOPAT)	669	456	172	-94	-374	-321	148	-194	-1,007	909
Normalized NOPAT Margin	7.55%	5.31%	2.38%	-1.70%	-6.14%	-3.78%	1.75%	-1.33%	-13.89%	6.16%
Pre Tax Income Margin	9.37%	7.13%	3.29%	-4.16%	-45.63%	-76.21%	0.49%	-2.68%	-36.17%	-3.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.32	6.28	2.94	-2.04	-29.07	-63.69	1.20	-3.04	-23.92	-4.98
NOPAT to Interest Expense	7.36	11.91	2.20	-1.22	-20.21	-43.95	-1.22	-1.90	-16.07	-2.65
EBIT Less CapEx to Interest Expense	5.46	3.07	0.19	-4.65	-31.76	-66.02	-1.42	-4.92	-26.63	-9.38
NOPAT Less CapEx to Interest Expense	3.50	8.69	-0.54	-3.83	-22.90	-46.28	-3.84	-3.78	-18.78	-7.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.01%	8.02%	50.32%	-8.16%	-0.75%	-1.26%	-345.45%	-32.20%	-9.52%	-92.57%
Augmented Payout Ratio	53.07%	8.02%	50.32%	-8.16%	-0.75%	-1.26%	-345.45%	-32.20%	-9.52%	-382.14%

This table displays calculated financial ratios and metrics derived from NOV's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.41%	-1.49%	0.27%	5.88%	9.84%	13.02%	15.67%	21.19%	26.74%	36.65%	40.87%
EBITDA Growth	-5.96%	43.33%	14.89%	72.65%	25.67%	7.69%	66.67%	55.94%	266.67%	214.52%	327.27%
EBIT Growth	-13.16%	60.15%	16.46%	96.71%	38.18%	11.76%	143.08%	123.53%	578.26%	1,015.38%	254.76%
NOPAT Growth	-21.75%	-76.40%	14.41%	47.54%	9.37%	523.85%	321.21%	130.66%	838.92%	1,183.28%	199.93%
Net Income Growth	-38.84%	-72.94%	20.37%	42.04%	-3.20%	501.01%	208.57%	124.29%	355.10%	330.23%	153.85%
EPS Growth	-36.67%	-73.33%	13.79%	46.15%	-6.25%	476.92%	262.50%	116.67%	346.15%	360.00%	144.44%
Operating Cash Flow Growth	273.08%	56.76%	797.50%	700.00%	61.39%	144.81%	137.74%	41.94%	-96.12%	327.78%	-200.95%
Free Cash Flow Firm Growth	150.29%	160.19%	56.73%	43.53%	-54.90%	-28.99%	-80.75%	-890.49%	-1,092.63%	-291.61%	-166.94%
Invested Capital Growth	-6.70%	-2.38%	7.97%	11.41%	21.10%	22.23%	18.01%	19.29%	16.48%	10.55%	10.19%
Revenue Q/Q Growth	-8.88%	5.34%	-1.13%	2.83%	-8.02%	7.23%	4.40%	6.68%	-5.35%	9.74%	9.38%
EBITDA Q/Q Growth	-26.58%	11.48%	-29.87%	63.83%	11.90%	-10.64%	5.38%	19.25%	-4.10%	38.30%	-1.40%
EBIT Q/Q Growth	-38.03%	15.76%	-38.46%	96.71%	14.29%	-15.82%	3.95%	38.18%	-7.56%	83.08%	-4.41%
NOPAT Q/Q Growth	-44.49%	15.54%	-39.16%	100.52%	-83.26%	460.09%	-21.53%	48.65%	-4.50%	278.16%	-57.03%
Net Income Q/Q Growth	-54.04%	23.85%	-41.70%	84.30%	-79.66%	450.93%	-31.21%	25.60%	26.26%	182.86%	-50.00%
EPS Q/Q Growth	-52.50%	21.21%	-42.11%	90.00%	-80.00%	417.24%	-25.64%	21.88%	23.08%	225.00%	-55.56%
Operating Cash Flow Q/Q Growth	-77.16%	64.62%	-16.90%	653.85%	-120.69%	842.50%	155.56%	64.36%	-231.17%	245.28%	14.52%
Free Cash Flow Firm Q/Q Growth	77.45%	187.48%	23.65%	57.57%	-112.38%	37.11%	0.37%	-16.39%	-76.85%	11.87%	-445.98%
Invested Capital Q/Q Growth	2.10%	-4.71%	-1.04%	-3.09%	6.83%	5.39%	2.11%	5.34%	7.82%	1.76%	3.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.26%	21.36%	21.41%	26.62%	21.25%	21.21%	21.42%	21.83%	20.95%	21.37%	19.48%
EBITDA Margin	10.51%	13.04%	12.32%	17.37%	10.90%	8.96%	10.76%	10.65%	9.53%	9.41%	7.46%
Operating Margin	7.23%	8.97%	8.85%	14.12%	7.52%	6.87%	8.38%	8.65%	6.42%	7.81%	2.91%
EBIT Margin	6.28%	9.23%	8.40%	13.49%	7.05%	5.68%	7.23%	7.26%	5.61%	5.74%	3.44%
Profit (Net Income) Margin	3.52%	6.98%	5.93%	10.06%	5.61%	25.39%	4.94%	7.50%	6.37%	4.78%	1.85%
Tax Burden Percent	61.16%	80.90%	74.71%	76.11%	73.33%	440.74%	69.23%	89.20%	86.21%	70.21%	54.69%
Interest Burden Percent	91.67%	93.43%	94.57%	97.99%	108.55%	101.50%	98.73%	115.79%	131.82%	118.49%	98.46%
Effective Tax Rate	38.84%	19.10%	25.29%	23.89%	26.67%	-340.74%	30.77%	10.80%	13.79%	29.79%	45.31%
Return on Invested Capital (ROIC)	5.44%	9.39%	8.60%	14.03%	7.15%	41.20%	7.92%	10.43%	7.45%	7.34%	2.00%
ROIC Less NNEP Spread (ROIC-NNEP)	2.94%	8.15%	6.75%	12.25%	7.38%	22.75%	5.68%	9.79%	10.54%	2.56%	3.55%
Return on Net Nonoperating Assets (RNNOA)	0.35%	0.67%	0.90%	1.75%	1.21%	2.48%	0.90%	1.30%	1.08%	0.15%	0.23%
Return on Equity (ROE)	5.79%	10.06%	9.50%	15.78%	8.36%	43.69%	8.83%	11.73%	8.53%	7.50%	2.22%
Cash Return on Invested Capital (CROIC)	15.97%	12.17%	9.23%	6.00%	-3.33%	-3.40%	-8.04%	-10.60%	-9.54%	-6.84%	-9.38%
Operating Return on Assets (OROA)	4.90%	7.23%	6.82%	11.04%	5.76%	4.55%	5.93%	5.78%	4.35%	4.22%	2.38%
Return on Assets (ROA)	2.75%	5.46%	4.82%	8.24%	4.59%	20.34%	4.06%	5.97%	4.94%	3.51%	1.28%
Return on Common Equity (ROCE)	5.73%	9.96%	9.43%	15.63%	8.26%	43.26%	8.74%	11.59%	8.42%	7.42%	2.20%
Return on Equity Simple (ROE_SIMPLE)	9.13%	0.00%	16.54%	16.41%	15.71%	0.00%	8.86%	7.66%	6.28%	0.00%	0.27%
Net Operating Profit after Tax (NOPAT)	93	167	145	238	119	710	127	161	109	114	30
NOPAT Margin	4.42%	7.26%	6.62%	10.75%	5.51%	30.29%	5.80%	7.71%	5.54%	5.49%	1.59%
Net Nonoperating Expense Percent (NNEP)	2.50%	1.24%	1.85%	1.79%	-0.23%	18.45%	2.24%	0.64%	-3.09%	4.79%	-1.55%
Return On Investment Capital (ROIC_SIMPLE)	1.13%	2.05%	1.75%	2.91%	1.46%	8.91%	1.74%	2.23%	1.54%	1.66%	0.45%
Cost of Revenue to Revenue	78.74%	78.64%	78.59%	73.38%	78.75%	78.79%	78.58%	78.17%	79.05%	78.63%	80.52%
SG&A Expenses to Revenue	14.03%	12.39%	12.55%	12.50%	13.74%	14.34%	13.04%	13.19%	14.53%	13.56%	16.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.03%	12.39%	12.55%	12.50%	13.74%	14.34%	13.04%	13.19%	14.53%	13.56%	16.57%
Earnings before Interest and Taxes (EBIT)	132	213	184	299	152	133	158	152	110	119	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	221	301	270	385	235	210	235	223	187	195	141
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	0.89	0.96	1.16	1.21	1.27	1.45	1.13	1.35	1.56	1.26
Price to Tangible Book Value (P/TBV)	1.34	1.33	1.43	1.74	1.82	1.88	2.29	1.80	2.19	2.56	2.14
Price to Revenue (P/Rev)	0.66	0.64	0.70	0.83	0.86	0.91	0.97	0.77	0.92	1.10	0.92
Price to Earnings (P/E)	9.84	8.90	5.80	7.01	7.65	7.87	16.09	14.74	21.31	51.22	557.61
Dividend Yield	1.97%	1.89%	1.58%	1.20%	1.04%	1.01%	0.98%	1.28%	1.11%	0.99%	1.28%
Earnings Yield	10.16%	11.24%	17.24%	14.27%	13.07%	12.70%	6.21%	6.78%	4.69%	1.95%	0.18%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.89	0.97	1.14	1.18	1.24	1.38	1.11	1.30	1.50	1.23
Enterprise Value to Revenue (EV/Rev)	0.71	0.68	0.77	0.92	0.99	1.00	1.09	0.89	1.04	1.18	1.02
Enterprise Value to EBITDA (EV/EBITDA)	5.33	5.08	6.25	7.71	9.65	10.04	10.83	9.60	11.91	16.08	17.24
Enterprise Value to EBIT (EV/EBIT)	7.58	7.13	8.95	11.07	14.64	15.53	16.87	16.06	21.92	37.21	70.57
Enterprise Value to NOPAT (EV/NOPAT)	9.70	9.04	5.94	7.17	8.17	8.20	17.63	17.28	24.52	49.56	411.59
Enterprise Value to Operating Cash Flow (EV/OCF)	4.14	4.64	6.30	10.65	32.63	60.06	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	5.48	7.25	10.87	20.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.27	0.27	0.27	0.29	0.28	0.31	0.31	0.33	0.34	0.35
Long-Term Debt to Equity	0.26	0.26	0.26	0.27	0.28	0.27	0.31	0.31	0.32	0.33	0.35
Financial Leverage	0.12	0.08	0.13	0.14	0.16	0.11	0.16	0.13	0.10	0.06	0.06
Leverage Ratio	1.76	1.79	1.81	1.82	1.85	1.88	1.93	1.92	1.91	1.93	1.93
Compound Leverage Factor	1.62	1.67	1.72	1.79	2.01	1.91	1.91	2.23	2.52	2.29	1.90
Debt to Total Capital	21.10%	21.30%	21.16%	21.37%	22.24%	21.65%	23.70%	23.92%	24.60%	25.20%	25.98%
Short-Term Debt to Total Capital	0.46%	0.45%	0.34%	0.29%	0.54%	0.16%	0.18%	0.18%	0.18%	0.19%	0.15%
Long-Term Debt to Total Capital	20.64%	20.85%	20.82%	21.08%	21.70%	21.49%	23.52%	23.74%	24.42%	25.01%	25.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.66%	0.64%	0.63%	0.65%	0.92%	0.93%	0.63%	0.87%	0.92%	0.55%	0.93%
Common Equity to Total Capital	78.24%	78.06%	78.21%	77.98%	76.84%	77.42%	75.67%	75.21%	74.47%	74.24%	73.09%
Debt to EBITDA	1.48	1.46	1.59	1.64	2.00	2.02	2.06	2.32	2.60	3.26	4.36
Net Debt to EBITDA	0.36	0.29	0.54	0.71	1.21	0.82	1.21	1.28	1.22	1.03	1.64
Long-Term Debt to EBITDA	1.44	1.43	1.56	1.62	1.95	2.00	2.04	2.30	2.58	3.24	4.33
Debt to NOPAT	2.68	2.60	1.51	1.53	1.70	1.65	3.35	4.17	5.35	10.06	104.01
Net Debt to NOPAT	0.65	0.52	0.51	0.66	1.03	0.67	1.97	2.30	2.52	3.16	39.08
Long-Term Debt to NOPAT	2.63	2.54	1.49	1.51	1.65	1.63	3.33	4.14	5.31	9.99	103.41
Altman Z-Score	1.86	1.81	1.88	2.06	1.96	1.95	1.96	1.69	1.75	1.78	1.52
Noncontrolling Interest Sharing Ratio	1.01%	0.99%	0.81%	0.97%	1.20%	0.98%	1.03%	1.20%	1.25%	1.03%	1.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.65	2.46	2.57	2.61	2.50	2.40	2.39	2.35	2.35	2.25	2.30
Quick Ratio	1.35	1.30	1.25	1.20	1.03	1.12	1.05	1.04	1.10	1.15	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	590	332	-380	-498	-1,173	-552	-878	-882	-757	-428	-486
Operating Cash Flow to CapEx	160.71%	500.85%	437.80%	526.83%	-113.04%	496.05%	54.05%	-94.74%	-354.39%	233.33%	-179.66%
Free Cash Flow to Firm to Interest Expense	26.82	13.85	-18.10	-22.63	-48.88	-24.02	-38.19	-41.98	-36.07	-20.39	-25.57
Operating Cash Flow to Interest Expense	6.14	24.63	17.10	19.64	-3.25	16.39	1.74	-3.43	-9.62	7.33	-5.58
Operating Cash Flow Less CapEx to Interest Expense	2.32	19.71	13.19	15.91	-6.13	13.09	-1.48	-7.05	-12.33	4.19	-8.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.78	0.81	0.82	0.82	0.80	0.82	0.80	0.78	0.74	0.69
Accounts Receivable Turnover	4.82	4.76	4.59	4.75	4.82	4.71	4.61	4.62	4.72	4.73	4.60
Inventory Turnover	3.23	3.36	3.13	3.16	3.20	3.41	3.24	3.34	3.52	3.76	3.63
Fixed Asset Turnover	4.60	4.68	4.75	4.78	4.75	4.71	4.62	4.45	4.23	4.02	3.73
Accounts Payable Turnover	8.42	7.88	7.83	7.58	7.73	7.46	7.69	7.20	7.63	7.78	8.64
Days Sales Outstanding (DSO)	75.69	76.62	79.48	76.80	75.76	77.48	79.14	79.06	77.31	77.17	79.30
Days Inventory Outstanding (DIO)	112.94	108.62	116.53	115.45	114.17	107.17	112.62	109.13	103.66	97.20	100.59
Days Payable Outstanding (DPO)	43.33	46.32	46.61	48.13	47.21	48.94	47.45	50.71	47.83	46.93	42.23
Cash Conversion Cycle (CCC)	145.30	138.93	149.39	144.12	142.71	135.72	144.31	137.48	133.13	127.44	137.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,917	6,775	7,110	7,185	7,414	6,940	6,585	6,449	6,122	5,678	5,580
Invested Capital Turnover	1.23	1.29	1.30	1.31	1.30	1.36	1.37	1.35	1.34	1.34	1.26
Increase / (Decrease) in Invested Capital	-497	-165	525	736	1,292	1,262	1,005	1,043	866	542	516
Enterprise Value (EV)	6,273	6,049	6,870	8,214	8,712	8,588	9,094	7,162	7,933	8,521	6,846
Market Capitalization	5,796	5,650	6,224	7,408	7,544	7,816	8,030	6,147	7,054	7,939	6,134
Book Value per Share	$16.91	$16.39	$16.42	$16.13	$15.85	$15.66	$14.02	$13.80	$13.35	$12.97	$12.39
Tangible Book Value per Share	$11.33	$10.89	$11.07	$10.78	$10.50	$10.55	$8.90	$8.67	$8.19	$7.89	$7.29
Total Capital	8,231	8,168	8,265	8,180	8,129	7,967	7,296	7,225	7,040	6,864	6,660
Total Debt	1,737	1,740	1,749	1,748	1,808	1,725	1,729	1,728	1,732	1,730	1,730
Total Long-Term Debt	1,699	1,703	1,721	1,724	1,764	1,712	1,716	1,715	1,719	1,717	1,720
Net Debt	423	347	594	753	1,093	698	1,018	952	814	544	650
Capital Expenditures (CapEx)	84	118	82	82	69	76	74	76	57	66	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,483	2,230	2,661	2,799	2,992	2,602	2,789	2,646	2,353	2,000	1,944
Debt-free Net Working Capital (DFNWC)	3,640	3,460	3,646	3,626	3,460	3,418	3,302	3,238	3,127	3,069	2,942
Net Working Capital (NWC)	3,602	3,423	3,618	3,602	3,416	3,405	3,289	3,225	3,114	3,056	2,932
Net Nonoperating Expense (NNE)	19	6.47	15	15	-2.20	115	19	4.46	-16	15	-4.92
Net Nonoperating Obligations (NNO)	423	347	594	753	1,093	698	1,018	952	814	544	650
Total Depreciation and Amortization (D&A)	89	88	86	86	83	77	77	71	77	76	76
Debt-free, Cash-free Net Working Capital to Revenue	28.16%	25.14%	29.88%	31.45%	34.09%	30.32%	33.55%	33.00%	30.75%	27.64%	29.10%
Debt-free Net Working Capital to Revenue	41.28%	39.01%	40.94%	40.75%	39.43%	39.82%	39.72%	40.39%	40.87%	42.41%	44.04%
Net Working Capital to Revenue	40.85%	38.59%	40.63%	40.48%	38.92%	39.67%	39.56%	40.23%	40.70%	42.23%	43.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.19	$0.42	$0.33	$0.57	$0.30	$1.53	$0.29	$0.39	$0.32	$0.27	$0.08
Adjusted Weighted Average Basic Shares Outstanding	381M	392M	392M	395M	394M	393M	393M	393M	392M	390M	391M
Adjusted Diluted Earnings per Share	$0.19	$0.40	$0.33	$0.57	$0.30	$1.50	$0.29	$0.39	$0.32	$0.26	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	383M	396M	395M	397M	397M	397M	396M	395M	396M	394M	393M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	375.74M	380.82M	389.08M	393.71M	395.54M	394.00M	393.93M	393.78M	393.72M	392.83M	392.80M
Normalized Net Operating Profit after Tax (NOPAT)	93	167	145	238	119	113	127	161	109	114	30
Normalized NOPAT Margin	4.42%	7.26%	6.62%	10.75%	5.51%	4.81%	5.80%	7.71%	5.54%	5.49%	1.59%
Pre Tax Income Margin	5.75%	8.62%	7.94%	13.22%	7.66%	5.76%	7.14%	8.41%	7.39%	6.80%	3.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.00	8.88	8.76	13.59	6.33	5.78	6.87	7.24	5.24	5.67	3.42
NOPAT to Interest Expense	4.23	6.98	6.90	10.83	4.95	30.85	5.51	7.69	5.17	5.42	1.58
EBIT Less CapEx to Interest Expense	2.18	3.96	4.86	9.86	3.46	2.48	3.65	3.62	2.52	2.52	0.32
NOPAT Less CapEx to Interest Expense	0.41	2.06	3.00	7.10	2.08	27.55	2.29	4.07	2.46	2.27	-1.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.73%	17.01%	9.17%	8.50%	8.05%	8.02%	16.16%	18.99%	23.71%	50.32%	607.69%
Augmented Payout Ratio	72.45%	53.07%	20.11%	12.03%	8.05%	8.02%	16.16%	18.99%	23.71%	50.32%	607.69%

Frequently Asked Questions About NOV's Financials

When does NOV's financial year end?

According to the most recent income statement we have on file, NOV's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has NOV's net income changed over the last 9 years?

NOV's net income appears to be on a downward trend, with a most recent value of $635 million in 2024, falling from -$767 million in 2015. The previous period was $985 million in 2023. Find out what analysts predict for NOV in the coming months.

What is NOV's operating income?

NOV's total operating income in 2024 was $876 million, based on the following breakdown:

Total Gross Profit: $2.01 billion
Total Operating Expenses: $1.13 billion

How has NOV revenue changed over the last 9 years?

Over the last 9 years, NOV's total revenue changed from $14.76 billion in 2015 to $8.87 billion in 2024, a change of -39.9%.

How much debt does NOV have?

NOV's total liabilities were at $4.93 billion at the end of 2024, a 2.4% decrease from 2023, and a 48.1% decrease since 2015.

How much cash does NOV have?

In the past 9 years, NOV's cash and equivalents has ranged from $816 million in 2023 to $2.08 billion in 2015, and is currently $1.23 billion as of their latest financial filing in 2024.

How has NOV's book value per share changed over the last 9 years?

Over the last 9 years, NOV's book value per share changed from 43.60 in 2015 to 16.39 in 2024, a change of -62.4%.

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This page (NYSE:NOV) was last updated on 5/28/2025 by MarketBeat.com Staff

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NOV (NOV) Financials

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NOV (NOV) Financials

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