NOV Inc. (NOV) AI Stock Analysis

NOV Inc., formerly known as National Oilwell Varco, Inc., is a Houston-based provider of systems, components, and products for oil and gas drilling, production, and renewable energy operations. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. Its offerings include solids control and waste management systems, portable power generation, drilling tools and tubular services, pressure pumping trucks, coiled tubing units, and subsea production systems. Rig Technologies provides substructures, cranes, mud pumps, and pressure control equipment for onshore and offshore drilling operations.

NOV generated $8.74B in revenue in FY2025, down 1.4% from $8.87B in FY2024, after recording 31.0% growth in FY2022 and 18.6% in FY2023. Gross margin stood at 20.2% in FY2025, while operating margin was 6.5%. Net income reached $145.0M in FY2025, compared to $635.0M in FY2024 and $993.0M in FY2023. Across the trailing twelve months, revenue totaled $8.64B with a profit margin of 1.1% and operating margin of 7.2%. In the latest quarter ended June 30, 2026, revenue fell 2.5% year-over-year, while quarterly earnings grew 7.6%. Over the five years from FY2020 to FY2025, revenue grew at a 7.5% CAGR.

As of June 30, 2026, NOV held $1.16B in cash and short-term investments and $2.33B in total debt, leaving net debt at $1.16B. Shareholders' equity was $6.21B against total assets of $11.20B, resulting in a debt-to-equity ratio of 0.37 and a current ratio of 2.42. In FY2025, operating cash flow reached $1.24B. Capital expenditures were $375.0M, supporting free cash flow of $864.0M. That year, NOV returned capital through $315.0M in share buybacks and $190.0M in dividends paid, with its share count falling 5.9% over five years.

At a share price of $18.93, NOV has a market capitalization of $6.75B and an enterprise value of $8.39B. The stock trades at a trailing P/E of 70.1x, higher than the 15.0x median of its US-listed Energy peers, but its forward P/E of 15.6x is closer to the peer median of 12.7x. Its price-to-sales multiple is 0.8x versus the peer median of 1.8x, and its EV/EBITDA stands at 10.7x compared to the peer median of 8.0x. Over the past year, NOV gained 52.6%, outperforming the S&P 500 (SPY) return of 16.8%, though its 5-year return of 39.4% trails the benchmark's 83.0%.

NOV pays a quarterly dividend with an annualized forward payout of $0.36 per share, yielding 1.90%. The company has paid dividends for 18 consecutive years, posting an annualized 5-year dividend growth rate of 59.1%. In FY2025, dividends paid amounted to $190.0M, and the stock carries a payout ratio of 2.8%. Its most recent ex-dividend date was September 11, 2026.

Wall Street coverage includes 5 Strong Buy, 3 Buy, 10 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $22.13, representing a 16.9% premium over the last close of $18.93. For FY2026 ending December 31, 2026, analysts estimate revenue of $8.66B and EPS of $0.89. For FY2027, 14 analysts project revenue of $9.09B and EPS of $1.25. Over the last four quarters, NOV exceeded consensus EPS estimates 1 time. The next earnings date is October 27, 2026.

This page is an AI-written research summary of NOV Inc. (NOV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NOV income statement, NOV balance sheet, NOV key metrics, NOV analyst forecast, NOV chart. See the NOV stock overview for the latest quote and news.