NOV Inc. (NOV) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NOV Revenue Growth
Revenue Breakdown (FY 2025)
NOV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NOV Revenue Analysis (2014–2025)
As of May 8, 2026, NOV Inc. (NOV) generated trailing twelve-month (TTM) revenue of $8.69 billion, reflecting slight decline in growth of -2.4% year-over-year. The most recent quarter (Q1 2026) recorded $2.05 billion in revenue, down 9.9% sequentially.
Looking at the longer-term picture, NOV's 5-year compound annual growth rate (CAGR) stands at +7.5%, indicating steady revenue expansion. The company achieved its highest annual revenue of $21.44 billion in 2014.
Revenue diversification analysis shows NOV's business is primarily driven by Product (67%), Service (22%), and Rental (11%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including BKR (+0.2% YoY), HAL (-1.7% YoY), and SLB (-1.6% YoY), NOV has underperformed the peer group in terms of revenue growth. Compare NOV vs BKR →
NOV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOVCurrent | $8.7B | -2.4% | +7.5% | 6.5% | |
 BKR | $27.7B | +0.2% | +6.0% | 12.8% | |
 HAL | $22.2B | -1.7% | +9.0% | 10.2% | |
 SLB | $35.7B | -1.6% | +8.6% | 15.3% | |
 LBRT | $4.0B | -4.0% | +32.9% | 2.0% | |
 NCSM | $185M | +6.5% | +11.5% | 6.4% |
NOV Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.74B | -1.4% | $1.77B | 20.2% | $564.0M | 6.5% |
| 2024 | $8.87B | +3.3% | $2.01B | 22.7% | $876.0M | 9.9% |
| 2023 | $8.58B | +18.6% | $1.83B | 21.4% | $651.0M | 7.6% |
| 2022 | $7.24B | +31.0% | $1.33B | 18.4% | $264.0M | 3.6% |
| 2021 | $5.52B | -9.3% | $774.0M | 14.0% | $-134,000,000 | -2.4% |
| 2020 | $6.09B | -28.2% | $434.0M | 7.1% | $-2,425,000,000 | -39.8% |
| 2019 | $8.48B | +0.3% | $845.0M | 10.0% | $-6,279,000,000 | -74.1% |
| 2018 | $8.45B | +15.7% | $1.44B | 17.1% | $211.0M | 2.5% |
| 2017 | $7.30B | +0.7% | $892.0M | 12.2% | $-277,000,000 | -3.8% |
| 2016 | $7.25B | -50.9% | $-101,000,000 | -1.4% | $-2,411,000,000 | -33.3% |
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Start ComparisonNOV — Frequently Asked Questions
Quick answers to the most common questions about buying NOV stock.
Is NOV's revenue growth accelerating or slowing?
NOV revenue growth slowed to -2.4%, below the 5-year CAGR of +7.5%. TTM revenue is $8.7B. The deceleration marks a shift from historical growth rates.
What is NOV's long-term revenue growth rate?
NOV Inc.'s 5-year revenue CAGR of +7.5% reflects the variable expansion pattern. Current YoY growth of -2.4% is near this long-term average.
How is NOV's revenue distributed by segment?
NOV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.