Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. NOV Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

NOV (NOV)

Market Price (9/18/2025): $13.01 | Market Cap: $4.9 Bil
Sector: Energy | Industry: Oil & Gas Equipment & Services

NOV (NOV)

Market Price (9/18/2025): $13.01
Market Cap: $4.9 Bil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.2%, FCF Yield is 19%		 Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -83%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg QQuarterly Revenue Change % is -1.3%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%		  
2 Low stock price volatility
Vol 12M is 43%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.2%, FCF Yield is 19%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Low stock price volatility
Vol 12M is 43%
3 Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -83%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.2%, Rev Chg QQuarterly Revenue Change % is -1.3%

Market Valuation

 9/18/252024202320222021
Share Price CYE$13.01$14.11$19.28$19.63$12.61
Market Cap CYE ($ Bil)4.95.47.67.74.9
Total Debt ($ Bil)2.42.42.42.42.4
Total Cash ($ Bil)1.11.20.81.11.6
Enterprise Value ($ Bil)6.27.810.010.17.3
Valuation Ratios     
P/S TTM0.60.70.91.10.9
P/EBIT TTM7.06.211.425.8-34.2
P/E TTM10.49.08.052.6-20.9
Sector Ratios     
P/S TTM (Sector)1.41.51.51.21.3
P/EBIT TTM (Sector)7.26.55.34.14.1
P/E TTM (Sector)10.09.58.05.53.2
 9/18/2520242023
Share Price CYE$13.01$14.11$19.28
Market Cap CYE ($ Bil)4.95.47.6
Total Debt ($ Bil)2.42.42.4
Total Cash ($ Bil)1.11.20.8
Enterprise Value ($ Bil)6.27.810.0
Valuation Ratios   
P/S TTM0.60.70.9
P/EBIT TTM7.06.211.4
P/E TTM10.49.08.0
Sector Ratios   
P/S TTM (Sector)1.41.51.5
P/EBIT TTM (Sector)7.26.55.3
P/E TTM (Sector)10.09.58.0

Market Cap Chart

Business Description

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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
NOV Return-45%-1%56%-2%-27%-8%-44%
Peers Return-38%20%58%15%13%-17%27%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: FTI, CHX, WHD, SLB, BKR. See NOV Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than NOV (NOV)

 NOVBetter Performance than NOV
MetricValueIndustry (Oil & Gas Equipment & Services)
Rev Chg LTM-1.2%SLB (0.9%), BKR (2.1%), FTI (11.5%), AROC (28.2%), KGS (31.0%)
Rev Chg 3Y Avg13.5%FTI (14.2%), AROC (19.0%), TDW (45.6%), WHD (28.4%), LBRT (14.0%)
Op Mgn LTM7.9%SLB (17.0%), BKR (12.7%), HAL (15.4%), FTI (12.4%), WFRD (15.3%)
CFO/Rev LTM14.5%SLB (18.7%), HAL (16.1%), FTI (17.3%), WFRD (15.2%), AROC (34.4%)
FCF/Rev LTM10.3%SLB (13.0%), FTI (13.9%), TDW (21.0%), WHD (20.8%), LB (54.8%)
Total Yield13.7%LBRT (15.2%), LB (18.8%), FLOC (66.5%)
 NOVBetter Performance than NOV
MetricValueAll Other Sectors
Rev Chg LTM-1.2%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg13.5%NVDA (92.0%), AVGO (24.0%), BRK-B (16.6%), JPM (13.5%), LLY (23.4%)
Op Mgn LTM7.9%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM14.5%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM10.3%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield13.7%BABA (37.9%), TM (2077.1%), VZ (15.8%), TD (15.5%), CMCSA (16.8%)

Latest Trefis Analyses

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10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

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10RBNERobin Energy-42.6% 

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6NAKAKindly MD-88.1% 
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8JEM707 Cayman-87.4%-98.2%
9YAASYouxin Technology-83.3%-98.4%
10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for NOV

Financials

NOVFTICHXWHDSLBBKRMedian
NameNOV TechnipF.ChampionXCactus Schlumbe.Baker Hu. 
Mkt Price12.9139.22-40.2434.7946.4839.22
Mkt Cap4.816.3-2.847.045.916.3
Rev LTM8,7909,484-1,11935,47927,6099,484
Op Inc LTM6961,175-2776,0173,5141,175
FCF LTM9091,318-2324,6052,1651,318
FCF 3Y Avg298824-2444,0601,837824
CFO LTM1,2761,643-2766,6413,4191,643
CFO 3Y Avg6071,073-2836,0743,0361,073

Growth & Margins

NOVFTICHXWHDSLBBKRMedian
NameNOV TechnipF.ChampionXCactus Schlumbe.Baker Hu. 
Rev Chg LTM-1.2%11.5%--0.7%0.9%2.1%0.9%
Rev Chg 3Y Avg13.5%14.2%-28.4%13.1%10.7%13.5%
Rev Chg Q-1.3%9.0%--5.8%-6.5%-3.2%-3.2%
QoQ Delta Rev Chg LTM-0.3%2.3%--1.5%-1.6%-0.8%-0.8%
Op Mgn LTM7.9%12.4%-24.7%17.0%12.7%12.7%
Op Mgn 3Y Avg7.9%8.8%-25.7%16.6%11.3%11.3%
QoQ Delta Op Mgn LTM-1.9%0.7%--1.6%-0.4%0.3%-0.4%
CFO/Rev LTM14.5%17.3%-24.7%18.7%12.4%17.3%
CFO/Rev 3Y Avg6.8%12.4%-26.9%17.8%11.7%12.4%
FCF/Rev LTM10.3%13.9%-20.8%13.0%7.8%13.0%
FCF/Rev 3Y Avg3.2%9.4%-23.1%11.9%7.1%9.4%

Valuation

NOVFTICHXWHDSLBBKRMedian
NameNOV TechnipF.ChampionXCactus Schlumbe.Baker Hu. 
Mkt Cap4.816.3-2.847.045.916.3
P/S0.61.7-2.51.31.71.7
P/EBIT6.913.8-10.18.113.010.1
P/E10.317.9-15.211.515.115.1
P/CFO3.89.9-10.07.113.49.9
Total Yield13.7%6.1%-7.9%12.0%8.5%8.5%
Dividend Yield4.0%0.5%-1.3%3.3%1.9%1.9%
FCF Yield 3Y Avg6.0%7.0%-7.9%7.1%5.2%7.0%
D/E0.50.1-0.00.30.10.1
Net D/E0.30.0--0.10.20.10.1

Returns

NOVFTICHXWHDSLBBKRMedian
NameNOV TechnipF.ChampionXCactus Schlumbe.Baker Hu. 
1M Rtn5.0%12.0%-2.9%5.3%8.4%5.3%
3M Rtn-5.7%11.2%--11.2%-2.2%19.9%-2.2%
6M Rtn-11.5%36.3%--13.5%-13.9%5.4%-11.5%
12M Rtn-18.1%54.9%--33.6%-13.6%36.8%-13.6%
3Y Rtn-19.6%341.5%--0.2%-2.7%110.1%-0.2%
1M Excs Rtn2.7%9.6%-0.5%3.0%6.1%3.0%
3M Excs Rtn-16.2%0.9%--22.3%-13.1%7.7%-13.1%
6M Excs Rtn-27.0%22.4%--29.9%-31.6%-10.0%-27.0%
12M Excs Rtn-32.7%45.5%--45.2%-27.6%24.9%-27.6%
3Y Excs Rtn-83.0%279.5%--67.0%-67.6%35.8%-67.0%

Comparison Analyses

Title
0How Does NOV Stack Up Against Its Peers?
1Why NOV With 35% Upside May Beat FTI?
2National Oilwell Varco vs. NorthWestern: With Return Forecast Of 26%, National Oilwell Varco Is A Better Bet
3National Oilwell Varco vs. Workday: Similar Revenue, But National Oilwell Varco Is A Better Bet
4National Oilwell Varco vs. Edwards Lifesciences: Similar Revenue, But National Oilwell Varco Is A Better Bet
5National Oilwell Varco vs. Intuitive Surgical: Similar Revenue, But National Oilwell Varco Is A Better Bet
6National Oilwell Varco vs. Polaris Industries: Similar Market Cap, But National Oilwell Varco Is A Better Bet
7National Oilwell Varco vs. Woodward: Similar Market Cap, But National Oilwell Varco Is A Better Bet
8National Oilwell Varco vs. Carvana: Similar Market Cap, Similar Bets
9National Oilwell Varco vs. HollyFrontier: Industry Competitors, But National Oilwell Varco Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/29/20254/29/20252/14/202510/25/20247/29/20244/26/20242/14/202410/27/20237/27/20234/27/20232/14/202310/28/2022
Key Financials Quarterly            
Total Revenue2,1882,1032,3082,1912,2162,1552,3432,1852,0931,9622,0731,889
Ebitda224232311281401272235256268243238159
Operating Income14315220719431316216118318112616255
Net Income1087316013022611959811415512610432
EPS0.290.190.410.330.570.301.520.290.390.320.270.08
Key Financials TTM            
Total Revenue TTM8,7908,8188,8708,9058,8998,7768,5838,3138,0177,6517,2376,681
Ebitda TTM1,0481,2251,2651,1891,1641,0311,0021,005908802617444
Operating Income TTM69686687683081968765165252441126487
Net Income TTM4715896351,0731,05798699349941733115511
Growth Rates Quarterly            
Total Revenue Growth-1.3%-2.4%-1.5%0.3%5.9%9.8%13.0%15.7%21.2%26.7%36.7%40.9%
EBITDA Growth-44.1%-14.7%32.3%9.8%49.6%11.9%-1.3%61.0%65.4%319.0%266.2%367.6%
Operating Income Growth-54.3%-6.2%28.6%6.0%72.9%28.6%-0.6%232.7%166.2%700.0%1180.0%227.9%
Net Income Growth-52.2%-38.7%-73.2%14.0%45.8%-5.6%475.0%256.2%124.6%352.0%360.0%146.4%
Margins Quarterly            
EBITDA Margin10.2%11.0%13.5%12.8%18.1%12.6%10.0%11.7%12.8%12.4%11.5%8.4%
Operating Income Margin6.5%7.2%9.0%8.9%14.1%7.5%6.9%8.4%8.6%6.4%7.8%2.9%
Net Income Margin4.9%3.5%6.9%5.9%10.2%5.5%25.5%5.2%7.4%6.4%5.0%1.7%
Cash & Debt            
Total Cash1,0801,1571,2309858274688165135927741,069998
Total Debt2,3712,3732,3862,4012,4002,4712,3772,3812,3872,3772,3662,361
Net Debt / (Cash)1,2911,2161,1561,4161,5732,0031,5611,8681,7951,6031,2971,363
Cash Flows Quarterly            
FCF from Operations191135591359432-7837740-72-202154-106
Cash Flows TTM            
FCF from Operations TTM1,2761,5171,3041,090771267143-80-226-278-179-297
Returns to Shareholders Quarterly            
Dividends1072829293020192020201920
Share Repurchases69811128037-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC6.8%4.5%8.2%6.7%10.8%5.1%7.2%5.6%7.1%4.9%5.4%1.4%
Return on Invested Capital (ROIC) TTM            
ROIC TTM6.5%7.9%8.2%9.6%9.3%7.4%7.3%5.7%4.6%3.7%2.0%0.2%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Energy Equipment4,6693,819   
Energy Products and Services4,0773,537   
Eliminations-163-119   
Completion & Production Solutions  1,9632,4332,771
Eliminations and corporate costs  -137-129-188
Rig Technologies  1,7391,9192,682
Wellbore Technologies  1,9591,8673,214
Total8,5837,2375,5246,0908,479


Operating Income by Segment
$ Mil20242023202220212020
Energy Products and Services507331   
Energy Equipment371137   
Eliminations-227-204   
Completion & Production Solutions  -65-977-1,934
Eliminations and corporate costs  -186-228-270
Rig Technologies  43-362-524
Wellbore Technologies  74-858-3,551
Total651264-134-2,425-6,279


Assets by Segment
$ Mil20242023202220212020
Energy Equipment5,5094,745   
Energy Products and Services4,7774,126   
Eliminations1,0081,264   
Completion & Production Solutions  2,4652,4723,826
Eliminations and corporate costs  1,7941,8691,487
Rig Technologies  2,6212,9233,758
Wellbore Technologies  2,6702,6654,078
Total11,29410,1359,5509,92913,149


Price Behavior

NOV Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta1.341.901.201.461.301.11
Up Beta1.942.421.841.381.431.11
Down Beta2.142.431.301.891.671.45
Up Capture114%130%104%108%58%55%
Bmk +ve Days10223571142415
Stock +ve Days12203360110364
Down Capture50%165%73%128%106%102%
Bmk -ve Days11192754106334
Stock -ve Days8192762130373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity26,746,514
Short Interest: % Change Since 81520255.7%
Average Daily Volume3,058,120
Days-to-Cover Short Interest8.75
Basic Shares Quantity375,000,000
Short % of Basic Shares7.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/29/2025-8.0%-13.7%-9.1%
4/29/2025-2.0%-2.9%-0.3%
2/5/202512.7%11.8%-1.6%
10/25/20243.0%1.6%8.8%
7/26/20246.3%5.0%-3.6%
4/26/2024-0.4%-2.1%-3.7%
2/2/2024-1.8%-2.4%-3.6%
10/27/20232.6%7.2%0.4%
...
SUMMARY STATS   
# Positive91510
# Negative15914
Median Positive6.3%5.0%9.4%
Median Negative-2.6%-2.9%-3.7%
Max Positive12.7%14.6%58.3%
Max Negative-8.1%-15.0%-50.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025729202510-Q 6/30/2025
3312025429202510-Q 3/31/2025
12312024214202510-K 12/31/2024
93020241025202410-Q 9/30/2024
6302024729202410-Q 6/30/2024
3312024426202410-Q 3/31/2024
12312023214202410-K 12/31/2023
93020231027202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221028202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022429202210-Q 3/31/2022
12312021211202210-K 12/31/2021
93020211027202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0HARRISON DAVID D 11212024Sell16.101,78428,7221,786,311Form
1Livingston Scott B.See Remarks11082024Sell16.4928,941477,3701,026,311Form
2Rovig Joseph WPresident - Energy Equipment11082024Sell16.4073,2561,201,0763,140,856Form
3Novak Christy LynnVP, Corp. Controller, CAO11082024Sell16.501,68027,7201,805,177Form
4Weinstock Craig L.Sr. VP. & Gen. Counsel11082024Sell16.5215,000247,8023,820,075Form

Industry Resources

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