NOV Stock - NOV Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.87B | $8.57B | $7.23B | $5.53B | $6.07B |
| Gross Profit | $2.13B | $1.81B | $1.32B | $783.00M | $423.00M |
| Gross Margin | 24.0% | 21.2% | 18.3% | 14.2% | 7.0% |
| Operating Income | $996.00M | $631.00M | $255.00M | $-125,000,000 | $-545,000,000 |
| Net Income | $635.00M | $993.00M | $155.00M | $-250,000,000 | $-2,542,000,000 |
| Net Margin | 7.2% | 11.6% | 2.1% | -4.5% | -41.9% |
| EPS | $1.62 | $2.53 | $0.40 | $-0.63 | $-6.61 |
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. It also provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. NOV Inc. offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 30th 2025 | JP Morgan | Downgrade | Neutral | $15 |
| March 24th 2025 | RBC Capital Mkts | Upgrade | Outperform | $22 |
| January 15th 2025 | Evercore ISI | Downgrade | In-line | $18← $25 |
| January 6th 2025 | Seaport Research Partners | Downgrade | Neutral | - |
| December 19th 2024 | Piper Sandler | Initiation | Neutral | $17 |
| November 11th 2024 | Citigroup | Downgrade | Neutral | $18← $21 |
| October 28th 2024 | TD Cowen | Reiterated | Buy | $22← $28 |
| September 25th 2024 | Wells Fargo | Downgrade | Underweight | $16← $20 |
| July 29th 2024 | TD Cowen | Reiterated | Buy | $28← $27 |
| April 29th 2024 | TD Cowen | Reiterated | Buy | $26← $27 |
| February 5th 2024 | TD Cowen | Reiterated | Outperform | $30← $31 |
| January 16th 2024 | The Benchmark Company | Downgrade | Hold | - |
| December 8th 2023 | JP Morgan | Upgrade | Overweight | $25← $22 |
| October 17th 2023 | Barclays | Downgrade | Underweight | $20 |
| July 14th 2023 | CapitalOne | Initiation | Equal Weight | $20 |
Earnings History & Surprises
NOVEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $0.25 | — | — | — |
Q4 2025 | Oct 27, 2025 | $0.24 | $0.11 | -54.2% | ✗ MISS |
Q3 2025 | Jul 28, 2025 | $0.30 | $0.29 | -3.3% | ✗ MISS |
Q2 2025 | Apr 28, 2025 | $0.25 | $0.19 | -23.9% | ✗ MISS |
Q1 2025 | Feb 4, 2025 | $0.35 | $0.41 | +17.1% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.36 | $0.33 | -8.3% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.35 | $0.57 | +62.9% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.27 | $0.30 | +11.1% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $0.41 | $0.54 | +31.7% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.34 | $0.29 | -14.7% | ✗ MISS |
Q3 2023 | Jul 26, 2023 | $0.30 | $0.39 | +30.0% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.22 | $0.32 | +45.5% | ✓ BEAT |
Q1 2023 | Feb 6, 2023 | $0.24 | $0.26 | +8.3% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $0.16 | $0.08 | -50.0% | ✗ MISS |
Q3 2022 | Jul 27, 2022 | $0.04 | $0.22 | +471.9% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $-0.06 | $-0.13 | -116.7% | ✗ MISS |
Q1 2022 | Feb 3, 2022 | $-0.03 | $-0.06 | -140.0% | ✗ MISS |
Q4 2021 | Oct 26, 2021 | $-0.08 | $-0.11 | -37.5% | ✗ MISS |
Q3 2021 | Jul 27, 2021 | $-0.13 | $-0.04 | +69.2% | ✓ BEAT |
Latest News
Piper Sandler Maintains Neutral on NOV, Raises Price Target to $17
➖ NeutralNOV Sells Shepherd Power To Natura, Becomes Investor, Signs Supply Chain MOU To Support Advanced Nuclear Reactor Deployment; No Terms Disclosed
📈 PositiveShares of broader energy stocks are trading lower amid an overall market downturn as investors assess September jobs data, which could put a December rate cut into question.
📉 NegativeNOV Inc. Names Jose Bayardo As New Chairman, President And CEO; Clay Williams Retires Effective Jan 1, 2026
➖ NeutralArmada Collaborates With NOV To Launch Beacon, Edge Device Integrated With Armada Edge Platform And Physically Deployed At Industrial Sites
📈 PositiveGoldman Sachs Maintains Sell on NOV, Raises Price Target to $14
📉 NegativeRBC Capital Maintains Outperform on NOV, Raises Price Target to $19
📈 PositiveNOV Sees Q4 Sales $2.146B-$2.193B vs $2.164B Est
➖ NeutralNOV Q3 EPS $0.11 Misses $0.26 Estimate, Sales $2.176B Beat $2.141B Estimate
➖ NeutralFrequently Asked Questions about NOV
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