NOV (NOV) Financials

$11.94 +0.05 (+0.38%)

As of 03:07 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-769	-2,412	-237	-31	-6,095	-2,542	-250	155	993	635
Consolidated Net Income / (Loss)	-767	-2,416	-236	-22	-6,093	-2,537	-245	155	985	635
Net Income / (Loss) Continuing Operations	-767	-2,416	1,548	-22	-6,093	-2,537	-245	155	985	635
Total Pre-Tax Income	-589	-2,623	-392	41	-6,462	-2,779	-230	238	612	831
Total Operating Income	-390	-2,411	-277	211	-6,279	-2,425	-134	264	651	876
Total Gross Profit	3,063	-101	1,784	1,444	845	434	774	1,334	1,833	2,010
Total Revenue	14,757	7,251	14,608	8,453	8,479	6,090	5,524	7,237	8,583	8,870
Operating Revenue	14,757	7,251	14,608	8,453	8,479	6,090	5,524	7,237	8,583	8,870
Total Cost of Revenue	11,694	7,352	12,824	7,009	7,634	5,656	4,750	5,903	6,750	6,860
Operating Cost of Revenue	11,694	7,352	12,824	7,009	7,634	5,656	4,750	5,903	6,750	6,860
Total Operating Expenses	3,453	2,310	277	1,233	7,124	2,859	908	1,070	1,182	1,134
Selling, General & Admin Expense	1,764	1,338	1,169	1,233	1,303	968	908	1,070	1,182	1,134
Impairment Charge	1,689	972	-	0.00	5,821	1,891	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-199	-212	-115	-170	-183	-354	-96	-26	-39	-45
Interest Expense	103	105	102	93	100	84	77	78	88	91
Interest & Investment Income	27	-6.00	20	22	7.00	-253	4.00	87	147	74
Other Income / (Expense), net	-123	-101	-33	-99	-90	-17	-23	-35	-98	-28
Income Tax Expense	178	-207	-156	63	-369	-242	15	83	-373	196
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	-4.00	1.00	9.00	2.00	5.00	5.00	0.00	-8.00	0.00
Basic Earnings per Share	($1.99)	($6.41)	($0.63)	($0.08)	($15.96)	($6.62)	($0.65)	$0.40	$2.53	$1.62
Weighted Average Basic Shares Outstanding	387M	376M	377M	378M	382M	384M	386M	390M	393M	392M
Diluted Earnings per Share	($1.99)	($6.41)	($0.63)	($0.08)	($15.96)	($6.62)	($0.65)	$0.39	$2.50	$1.60
Weighted Average Diluted Shares Outstanding	387M	376M	377M	378M	382M	384M	386M	394M	397M	396M
Weighted Average Basic & Diluted Shares Outstanding	386.40M	376.30M	376.20M	387.50M	385.95M	388.21M	392.67M	392.83M	394.00M	380.82M
Cash Dividends to Common per Share	$1.84	$0.61	$0.20	$0.20	$0.20	$0.05	$0.05	$0.20	$0.20	$0.28

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

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

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

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

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

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

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

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

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

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

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. See where experts think NOV is headed by visiting NOV's forecast page.

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 5/6/2025 by MarketBeat.com Staff

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NOV (NOV) Financials

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NOV (NOV) Financials

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