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NOVNOV Inc.
$20.15$7.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NOV logo

NOV Inc.

NOV
NYSE · Oilfield Services
$20.15
At close - Sep 21, 4:00 PM EDT - USD
Market Cap$7.18B
P/E51.7x
52W High$21.94
Volume2.61M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Compression and Cash Flow Volatility Cloud NOV's Outlook

NOV Inc. faces a challenging environment characterized by stagnant revenue (-1.4% TTM growth) and persistent gross margin compression from 26.6% in Q2 2024 to 24.4% in Q2 2026, reflecting customer capital discipline and cost inflation. While the balance sheet ...

GrowthDecelerating
ProfitabilityStrained
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

NOV price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+135% Peers

P/E is 135% above peer median

03

Market leadership

RS 63 · Avg

Average momentum (RS Rating: 63)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has been flat to slightly declining (TTM growth -1.4%), while gross margin compressed from 26.6% in Q2 2024 to 24.4% in Q2 2026, with operating margin swinging between 2.3% and 14.1% over the past year.

Analyst Consensus+8.0% target
Hold(58 analysts)
25 Buy30 Hold3 Sell

The Bull Case

Upside Catalysts

Global oilfield equipment provider

NOV is a worldwide provider of equipment and components used in oil and gas drilling and production operations, serving the upstream oil and gas industry with safety, efficiency, and reliability.

Faster rig replacement cycle

A bull case for NOV includes a faster-than-expected rig replacement cycle, which could drive revenue growth above 10%.

Diverse energy segments

NOV operates through multiple segments, including Energy Products and Services, and Energy Equipment, providing diversified exposure to the energy sector.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NOV+24.98%
S&P 500 (^GSPC)+13.22%
1-Year Return
NOV+63.37%
S&P 500 (^GSPC)+15.99%
3-Year Return
NOV+5.67%
S&P 500 (^GSPC)+85.38%
5-Year Return
NOV+75.08%
S&P 500 (^GSPC)+85.86%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
51.7x
Forward P/EExpansion
22.0x
EV/EBITDA40th %ile
8.7x
FCF YieldCash Flow
12.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
51.7x
40.1x
75th· Fair
EV/EBITDA
8.7x
10.1x
40th· Fair
Price/FCF
8.3x
6.8x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$10.25-49.1%
Base (Fair)$19.38-3.4%
Bull$30.69+52.3%
$10.25 Bear$19.38 Base$30.69 Bull
Current Market Price: $20.15
Trades at a 4.0% premium to Base DCF ($19.38)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$8.74B-1.4% YoY
Net income
$145M-77.2% YoY
Free cash flow
$864M-9.3% YoY
Operating margin
6.5%-3.4 pts YoY
ROIC (TTM)5.8%
Avg ROIC 5Y-
ROE (TTM)2.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
$0.31+86.3%
vs $0.17
$2.1B+2.4%
vs $2.1B
Q2 2026
Apr 27, 2026
$0.05-70.6%
vs $0.17
$2.1B-0.1%
vs $2.1B
Q1 2026
Feb 4, 2026
$0.21-16.0%
vs $0.25
$2.3B+5.0%
vs $2.2B
Q4 2025
Oct 27, 2025
$0.11-54.2%
vs $0.24
$2.2B+1.8%
vs $2.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 1, 2026
Connor Clark & Lunn Investment Management Ltd. Purchases New Position in NOV Inc. $NOV

Connor Clark and Lunn Investment Management Ltd. acquired a new position in NOV Inc. (NYSE: NOV) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,430 shares of the oil and gas exploration company's stock, valued at

Zacks Investment Research·Aug 27, 2026
Nov Inc. (NOV) Up 6.1% Since Last Earnings Report: Can It Continue?

Nov Inc. (NOV) reported earnings 30 days ago. What's next for the stock?

Defense World·Aug 27, 2026
Algert Global LLC Sells 231,350 Shares of NOV Inc. $NOV

Algert Global LLC trimmed its position in shares of NOV Inc. (NYSE: NOV) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,660 shares of the oil and gas exploration company's stock after selling 231,350 shares during the

GlobeNewsWire·Aug 19, 2026
NOV Declares Regular Quarterly Dividend

HOUSTON, Aug. 19, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.09 per share of common stock, payable on September 25, 2026 to each stockholder of record on September 11, 2026. About NOV NOV delivers technology-driven solutions to empower the global energy industry.

Filtered for NOV Inc.More Headlines
04

Compare before deciding

Benchmark NOV against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for NOV Inc. (NOV)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NOV logoNOVNOV Inc.Current
$20.15$7.18B51.67-1.42%1.66%2.27%2.51%
BKR logoBKRBaker Hughes Company
$57.83$57.41B22.24-0.34%11.17%16.11%—
HAL logoHALHalliburton Company
$33.39$27.89B22.26-3.31%7.16%15%—
SLB logoSLBSlb N.V.
$51.76$77.38B22.03-1.6%8.46%11.31%—
LBRT logoLBRTLiberty Energy Inc.
$18.85$3.08B21.18-7.16%2.92%6.08%—
NCSM logoNCSMNCS Multistage Holdings, Inc.
$53.35$140.02M6.1713.64%8.46%11.07%—

Compare NOV vs Peers

NOV Inc. (NOV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BKR

Most directly comparable listed peer for NOV.

Scale Benchmark

vs SLB

Larger-name benchmark to compare NOV against a more recognizable public peer.

Peer Set

Compare Top 5

vs BKR, HAL, SLB, LBRT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NOV SEC Filings & Documents

NOV Inc. (NOV) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

May 22, 2026·SEC

Material company update

Apr 28, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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NOV Frequently Asked Questions

NOV Inc. (NOV) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is NOV Inc.'s revenue?

NOV Inc. (NOV) reported $8.64B in revenue for fiscal year 2025. This represents a 1034% increase from $761.8M in 1996.

How fast is NOV Inc. growing?

NOV Inc. (NOV) saw revenue decline by 1.4% over the past year.

Is NOV profitable?

Yes, NOV Inc. (NOV) is profitable, generating $96.0M in net income for fiscal year 2025 (1.7% net margin).

Dividend & Returns
Does NOV pay dividends?

Yes, NOV Inc. (NOV) pays a dividend with a yield of 2.51%. This makes it attractive for income-focused investors.

What is NOV's return on equity?

NOV Inc. (NOV) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.

What is NOV Inc.'s free cash flow?

NOV Inc. (NOV) generated $562.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NOV back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →