NOV Inc. (NOV) Income Statement
NOV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNOV revenue and net income
Where NOV's revenue goes
2025Each bar shows an amount and its share of revenue. NOV kept 1.7% of revenue as net income.
NOV profit margins
NOV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.4% | +6.5% | +7.5% | −5.1% |
| Gross profit | −12.1% | +9.8% | +32.4% | −5.4% |
| Operating income | −35.6% | +28.8% | — | — |
| Net income | −77.2% | −2.2% | — | — |
| EPS (diluted) | −81.7% | −7.2% | — | −20.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NOV quarterly EPS vs estimates
NOV beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.24).
NOV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.74B | $8.87B | $8.58B | $7.24B | $5.52B | $6.09B | $8.48B | $8.45B | $7.30B | $7.25B |
| Cost of revenue | $6.98B | $6.86B | $6.75B | $5.90B | $4.75B | $5.66B | $7.63B | $7.01B | $6.41B | $7.35B |
| Gross profit | $1.77B | $2.01B | $1.83B | $1.33B | $774.0M | $434.0M | $845.0M | $1.44B | $892.0M | −$101.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.20B | $1.13B | $1.13B | $1.07B | $908.0M | $968.0M | $1.30B | $1.23B | $1.17B | $1.34B |
| Total operating expenses | $1.20B | $1.13B | $1.18B | $1.07B | $908.0M | $2.86B | $7.12B | $1.23B | $1.17B | $2.31B |
| Operating income | $564.0M | $876.0M | $651.0M | $264.0M | −$134.0M | −$2.42B | −$6.28B | $211.0M | −$277.0M | −$2.41B |
| Interest income | $53.0M | $38.0M | $28.0M | $9.0M | $73.0M | $7.0M | $20.0M | $25.0M | $25.0M | $15.0M |
| Interest expense | $88.0M | $91.0M | $60.0M | $78.0M | $77.0M | $84.0M | $100.0M | $93.0M | $102.0M | $105.0M |
| Income before taxes | $375.0M | $831.0M | $612.0M | $238.0M | −$230.0M | −$2.78B | −$6.46B | $41.0M | −$392.0M | −$2.62B |
| Income taxes | $224.0M | $196.0M | −$373.0M | $83.0M | $15.0M | −$242.0M | −$369.0M | $63.0M | −$156.0M | −$207.0M |
| Net income | $145.0M | $635.0M | $993.0M | $155.0M | −$250.0M | −$2.54B | −$6.09B | −$31.0M | −$237.0M | −$2.41B |
| EBITDA | $818.0M | $1.26B | $651.0M | $617.0M | $153.0M | −$2.34B | −$5.83B | $824.0M | $408.0M | −$1.81B |
| EPS (diluted) | $0.24 | $1.31 | $2.38 | $0.30 | −$0.51 | −$0.20 | −$1.01 | −$0.10 | −$0.42 | −$0.85 |
| Gross margin | 20.2% | 22.7% | 21.4% | 18.4% | 14.0% | 7.1% | 10.0% | 17.1% | 12.2% | −1.4% |
| Operating margin | 6.5% | 9.9% | 7.6% | 3.6% | −2.4% | −39.8% | −74.1% | 2.5% | −3.8% | −33.3% |
| Net margin | 1.7% | 7.2% | 11.6% | 2.1% | −4.5% | −41.7% | −71.9% | −0.4% | −3.2% | −33.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.05B | $2.28B | $2.18B | $2.19B | $2.10B | $2.31B | $2.19B | $2.22B | $2.15B | $2.34B | $2.19B |
| Cost of revenue | $1.61B | $1.67B | $1.81B | $1.76B | $1.74B | $1.66B | $1.81B | $1.72B | $1.63B | $1.70B | $1.85B | $1.72B |
| Gross profit | $521.0M | $379.0M | $462.0M | $412.0M | $446.0M | $447.0M | $493.0M | $469.0M | $590.0M | $458.0M | $497.0M | $468.0M |
| Sales, general & admin | $328.0M | $332.0M | $300.0M | $305.0M | $303.0M | $295.0M | $286.0M | $275.0M | $277.0M | $296.0M | $336.0M | $285.0M |
| Total operating expenses | $328.0M | $332.0M | $300.0M | $305.0M | $303.0M | $295.0M | $286.0M | $275.0M | $277.0M | $296.0M | $336.0M | $285.0M |
| Operating income | $193.0M | $47.0M | $162.0M | $107.0M | $143.0M | $152.0M | $207.0M | $194.0M | $313.0M | $162.0M | $161.0M | $183.0M |
| Interest income | $8.0M | $11.0M | $9.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $8.0M | $8.0M | $7.0M | $2.0M |
| Interest expense | $21.0M | $22.0M | $22.0M | $22.0M | $22.0M | $22.0M | $24.0M | $21.0M | $22.0M | $24.0M | $23.0M | $23.0M |
| Income before taxes | $157.0M | $35.0M | $66.0M | $73.0M | $115.0M | $121.0M | $199.0M | $174.0M | $293.0M | $165.0M | $135.0M | $156.0M |
| Income taxes | $41.0M | $15.0M | $147.0M | $29.0M | $1.0M | $47.0M | $38.0M | $44.0M | $70.0M | $44.0M | −$460.0M | $48.0M |
| Net income | $112.0M | $20.0M | −$78.0M | $42.0M | $108.0M | $73.0M | $160.0M | $130.0M | $226.0M | $119.0M | $598.0M | $114.0M |
| EBITDA | $271.0M | $149.0M | $178.0M | $184.0M | $224.0M | $232.0M | $311.0M | $281.0M | $401.0M | $272.0M | $235.0M | $256.0M |
| EPS (diluted) | $0.31 | $0.11 | −$0.52 | $0.23 | $0.34 | $0.19 | $0.41 | $0.33 | $0.33 | $0.24 | $1.60 | $0.29 |
| Gross margin | 24.4% | 18.5% | 20.3% | 18.9% | 20.4% | 21.3% | 21.4% | 21.4% | 26.6% | 21.3% | 21.2% | 21.4% |
| Operating margin | 9.0% | 2.3% | 7.1% | 4.9% | 6.5% | 7.2% | 9.0% | 8.9% | 14.1% | 7.5% | 6.9% | 8.4% |
| Net margin | 5.2% | 1.0% | −3.4% | 1.9% | 4.9% | 3.5% | 6.9% | 5.9% | 10.2% | 5.5% | 25.5% | 5.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NOV's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NOV financial results
In fiscal year 2025 (ended December 31, 2025), NOV reported revenue of $8.7 billion, down 1.4% from the year before. It had net income of $145.0 million (down 77.2%), a net profit margin of 1.7%. Diluted earnings per share came to $0.24. Over five years revenue grew at an average rate of 7.5% a year.
See the NOV stock overview for the latest quote and news, or the NOV chart for price history and technical indicators.
NOV income statement FAQ
What is NOV's annual revenue?
NOV reported total revenue of $8.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.4% from $8.9 billion the previous year.
Is NOV profitable?
Yes. NOV reported net income of $145.0 million in fiscal 2025, a net profit margin of 1.7%; its operating margin was 6.5%.
What is NOV's gross margin?
NOV's gross margin was 20.2% in fiscal 2025: for every $100 of revenue, NOV kept $20 after the direct cost of its products and services.
How fast is NOV growing?
Revenue grew 7.5% a year on average over the last five fiscal years, from $6.1 billion to $8.7 billion.
What are NOV's earnings per share?
NOV earned $0.24 per diluted share in fiscal 2025, compared with $1.31 a year earlier.
When will NOV report its next earnings?
NOV is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does NOV's fiscal year end?
NOV's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.