NOV Inc. (NOV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.05B | 2.28B | 2.18B | 2.19B | 2.1B | 2.31B | 2.19B | 2.22B | 2.15B | 2.34B | 2.19B | 2.09B | 1.96B | 2.07B | 1.89B | 1.73B | 1.55B | 1.52B | 1.34B | 1.42B |
| Revenue Growth % | -2.43% | -1.34% | -0.68% | -1.26% | -2.41% | -1.49% | 0.27% | 5.88% | 9.84% | 13.02% | 15.67% | 21.19% | 26.74% | 36.65% | 40.87% | 21.88% | 23.94% | 14.32% | -3.11% | -5.28% |
| Cost of Goods Sold | 1.67B | 1.81B | 1.76B | 1.74B | 1.66B | 1.81B | 1.72B | 1.63B | 1.7B | 1.85B | 1.72B | 1.64B | 1.55B | 1.63B | 1.52B | 1.42B | 1.33B | 1.31B | 1.16B | 1.19B |
| COGS % of Revenue | 81.53% | 79.71% | 81.07% | 79.62% | 78.74% | 78.64% | 78.59% | 73.38% | 78.75% | 78.79% | 78.58% | 78.17% | 79.05% | 78.63% | 80.52% | 82.11% | 86.18% | 86.68% | 86.2% | 83.7% |
| Gross Profit | 379M | 462M | 412M | 446M | 447M | 493M | 469M | 590M | 458M | 497M | 468M | 457M | 411M | 443M | 368M | 309M | 214M | 202M | 185M | 231M |
| Gross Margin % | 18.47% | 20.29% | 18.93% | 20.38% | 21.26% | 21.36% | 21.41% | 26.62% | 21.25% | 21.21% | 21.42% | 21.83% | 20.95% | 21.37% | 19.48% | 17.89% | 13.82% | 13.32% | 13.8% | 16.3% |
| Gross Profit Growth % | -15.21% | -6.29% | -12.15% | -24.41% | -2.4% | -0.8% | 0.21% | 29.1% | 11.44% | 12.19% | 27.17% | 47.9% | 92.06% | 119.31% | 98.92% | 33.77% | 37.18% | 406.06% | 33.09% | 68.61% |
| Operating Expenses | 332M | 300M | 305M | 303M | 295M | 286M | 275M | 277M | 296M | 336M | 285M | 276M | 285M | 281M | 313M | 241M | 235M | 217M | 228M | 219M |
| OpEx % of Revenue | 16.18% | 13.18% | 14.02% | 13.85% | 14.03% | 12.39% | 12.55% | 12.5% | 13.74% | 14.34% | 13.04% | 13.19% | 14.53% | 13.56% | 16.57% | 13.95% | 15.18% | 14.3% | 17% | 15.46% |
| Selling, General & Admin | 332M | 300M | 305M | 303M | 295M | 286M | 275M | 277M | 296M | 336M | 285M | 276M | 285M | 281M | 313M | 241M | 235M | 217M | 228M | 219M |
| SG&A % of Revenue | 16.18% | 13.18% | 14.02% | 13.85% | 14.03% | 12.39% | 12.55% | 12.5% | 13.74% | 14.34% | 13.04% | 13.19% | 14.53% | 13.56% | 16.57% | 13.95% | 15.18% | 14.3% | 17% | 15.46% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 47M | 162M | 107M | 143M | 152M | 207M | 194M | 313M | 162M | 161M | 183M | 181M | 126M | 162M | 55M | 68M | -21M | -15M | -43M | 12M |
| Operating Margin % | 2.29% | 7.11% | 4.92% | 6.54% | 7.23% | 8.97% | 8.85% | 14.12% | 7.52% | 6.87% | 8.38% | 8.65% | 6.42% | 7.81% | 2.91% | 3.94% | -1.36% | -0.99% | -3.21% | 0.85% |
| Operating Income Growth % | -69.08% | -21.74% | -44.85% | -54.31% | -6.17% | 28.57% | 6.01% | 72.93% | 28.57% | -0.62% | 232.73% | 166.18% | 700% | 1180% | 227.91% | 466.67% | 76.14% | 95.02% | 41.89% | 112% |
| EBITDA | 47M | 252M | 196M | 230M | 241M | 295M | 280M | 399M | 245M | 238M | 260M | 252M | 203M | 238M | 131M | 143M | 53M | 60M | 32M | 89M |
| EBITDA Margin % | 2.29% | 11.07% | 9.01% | 10.51% | 11.46% | 12.78% | 12.78% | 18.01% | 11.37% | 10.16% | 11.9% | 12.04% | 10.35% | 11.48% | 6.93% | 8.28% | 3.42% | 3.96% | 2.39% | 6.28% |
| EBITDA Growth % | -80.5% | -14.58% | -30% | -42.36% | -1.63% | 23.95% | 7.69% | 58.33% | 20.69% | 0% | 98.47% | 76.22% | 283.02% | 296.67% | 309.38% | 60.67% | 688.89% | 127.4% | 255.56% | 594.44% |
| D&A (Non-Cash Add-back) | 0 | 90M | 89M | 87M | 89M | 88M | 86M | 86M | 83M | 77M | 77M | 71M | 77M | 76M | 76M | 75M | 74M | 75M | 75M | 77M |
| EBIT | 0 | 88M | 95M | 137M | 143M | 223M | 195M | 315M | 189M | 158M | 179M | 197M | 166M | 162M | 83M | 87M | -16M | -10M | -41M | -2M |
| Net Interest Income | 0 | -3M | -11M | -12M | -11M | -13M | -10M | -14M | -16M | -16M | -18M | -13M | -13M | -14M | -13M | -14M | -18M | -17M | -16M | -17M |
| Interest Income | 0 | 19M | 11M | 10M | 11M | 11M | 11M | 8M | 8M | 7M | 5M | 8M | 8M | 7M | 6M | 5M | 1M | 2M | 3M | 2M |
| Interest Expense | -11M | 22M | 22M | 22M | 22M | 24M | 21M | 22M | 24M | 23M | 23M | 21M | 21M | 21M | 19M | 19M | 19M | 19M | 19M | 19M |
| Other Income/Expense | -12M | -96M | -34M | -28M | -31M | -8M | -20M | -20M | 3M | -26M | -27M | -5M | 19M | -21M | 9M | 0 | -14M | -14M | -17M | -33M |
| Pretax Income | 35M | 66M | 73M | 115M | 121M | 199M | 174M | 293M | 165M | 135M | 156M | 176M | 145M | 141M | 64M | 68M | -35M | -29M | -60M | -21M |
| Pretax Margin % | 1.71% | 2.9% | 3.35% | 5.26% | 5.75% | 8.62% | 7.94% | 13.22% | 7.66% | 5.76% | 7.14% | 8.41% | 7.39% | 6.8% | 3.39% | 3.94% | -2.26% | -1.91% | -4.47% | -1.48% |
| Income Tax | 15M | 147M | 29M | 1M | 47M | 38M | 44M | 70M | 44M | -460M | 48M | 19M | 20M | 42M | 29M | -2M | 14M | 14M | 5M | 2M |
| Effective Tax Rate % | 42.86% | 222.73% | 39.73% | 0.87% | 38.84% | 19.1% | 25.29% | 23.89% | 26.67% | -340.74% | 30.77% | 10.8% | 13.79% | 29.79% | 45.31% | -2.94% | -40% | -48.28% | -8.33% | -9.52% |
| Net Income | 19M | -78M | 42M | 108M | 73M | 160M | 130M | 226M | 119M | 598M | 114M | 155M | 126M | 104M | 32M | 69M | -50M | -40M | -69M | -26M |
| Net Margin % | 0.93% | -3.43% | 1.93% | 4.94% | 3.47% | 6.93% | 5.93% | 10.2% | 5.52% | 25.52% | 5.22% | 7.41% | 6.42% | 5.02% | 1.69% | 4% | -3.23% | -2.64% | -5.15% | -1.83% |
| Net Income Growth % | -73.97% | -148.75% | -67.69% | -52.21% | -38.66% | -73.24% | 14.04% | 45.81% | -5.56% | 475% | 256.25% | 124.64% | 352% | 360% | 146.38% | 365.38% | 56.52% | 88.47% | -25.45% | 72.04% |
| Net Income (Continuing) | 19M | -81M | 44M | 114M | 74M | 161M | 130M | 223M | 121M | 595M | 108M | 157M | 125M | 99M | 35M | 70M | -49M | -43M | -65M | -23M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 56M | 54M | 57M | 54M | 54M | 52M | 52M | 53M | 75M | 74M | 46M | 63M | 65M | 38M | 62M | 63M | 64M | 67M | 68M | 70M |
| EPS (Diluted) | 0.05 | -0.21 | 0.11 | 0.29 | 0.19 | 0.41 | 0.33 | 0.57 | 0.30 | 1.51 | 0.29 | 0.39 | 0.32 | 0.26 | 0.08 | 0.18 | -0.13 | -0.10 | -0.18 | -0.07 |
| EPS Growth % | -73.68% | -151.22% | -66.67% | -49.12% | -36.67% | -72.85% | 13.79% | 46.15% | -6.25% | 480.77% | 256.27% | 116.67% | 346.15% | 360% | 145.22% | 367.06% | 56.67% | 88.89% | -28.57% | 71.92% |
| EPS (Basic) | 0.05 | -0.21 | 0.11 | 0.29 | 0.19 | 0.41 | 0.33 | 0.57 | 0.30 | 1.52 | 0.29 | 0.39 | 0.32 | 0.27 | 0.08 | 0.18 | -0.13 | -0.10 | -0.18 | -0.07 |
| Diluted Shares Outstanding | 364M | 367M | 371M | 376M | 383M | 390M | 395M | 397M | 397M | 397M | 396M | 395M | 396M | 395M | 393M | 393M | 387M | 387M | 387M | 386M |
| Basic Shares Outstanding | 361M | 364M | 370M | 375M | 381M | 388M | 392M | 395M | 394M | 393M | 393M | 393M | 393.75M | 391M | 391M | 390M | 384.62M | 386M | 383.33M | 371.43M |
| Dividend Payout Ratio | - | - | 66.67% | 99.07% | 38.36% | 18.13% | 22.31% | 13.27% | 16.81% | 3.18% | 17.54% | 12.9% | 15.87% | 18.27% | 62.5% | 27.54% | - | - | - | - |