NOV Inc. (NOV) Income Statement Analysis

See more : Alquiber Quality, S.A. (ALQ.MC) Income Statement Analysis – Financial Results

Complete financial analysis of NOV Inc. (NOV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NOV Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.

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NOV Inc. (NOV)

Industry: Oil & Gas Equipment & Services

Sector: Energy

Website: https://www.nov.com

About NOV Inc.

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	8.58B	7.24B	5.52B	6.09B	8.48B	8.45B	7.30B	7.25B	14.76B	21.44B	22.77B	20.04B	14.66B	12.16B	12.71B	13.43B	9.79B	7.03B	4.64B	2.32B	2.00B	1.52B	1.75B	1.15B	745.20M	1.17B	1.01B	648.60M
Cost of Revenue	6.75B	5.90B	4.75B	5.66B	7.63B	7.01B	6.41B	7.35B	11.49B	15.62B	17.31B	14.63B	10.12B	8.31B	8.92B	9.36B	6.96B	5.27B	3.66B	1.82B	1.54B	1.16B	1.32B	849.74M	580.30M	879.80M	784.70M	553.80M
Gross Profit	1.83B	1.33B	774.00M	434.00M	845.00M	1.44B	892.00M	-101.00M	3.27B	5.82B	5.46B	5.41B	4.54B	3.85B	3.79B	4.07B	2.83B	1.76B	987.20M	496.40M	464.18M	361.86M	427.83M	300.18M	164.90M	292.20M	220.90M	94.80M
Gross Profit Ratio	21.36%	18.43%	14.01%	7.13%	9.97%	17.08%	12.21%	-1.39%	22.16%	27.13%	23.99%	27.01%	30.96%	31.67%	29.84%	30.31%	28.91%	25.06%	21.26%	21.41%	23.15%	23.78%	24.48%	26.10%	22.13%	24.93%	21.97%	14.62%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	1.23B	1.17B	1.34B	1.76B	2.09B	2.07B	1.78B	1.56B	1.39B	1.32B	1.15B	785.80M	641.60M	478.70M	327.80M	305.19M	227.54M	238.56M	186.92M	119.70M	135.50M	108.30M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-128.00M	-45.00M	-72.00M	-57.00M	0.00	45.00M	-78.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.18B	1.07B	908.00M	968.00M	1.30B	1.23B	1.17B	1.34B	1.64B	2.05B	1.99B	1.73B	1.56B	1.43B	1.24B	1.15B	785.80M	641.60M	478.70M	327.80M	305.19M	227.54M	238.56M	186.92M	119.70M	135.50M	108.30M	56.60M
Other Expenses	0.00	-35.00M	-23.00M	-17.00M	-90.00M	-99.00M	-33.00M	-101.00M	-123.00M	-32.00M	-32.00M	-60.00M	0.00	0.00	0.00	0.00	0.00	7.90M	31.70M	0.00	0.00	0.00	0.00	35.03M	23.20M	19.20M	14.70M	60.20M
Operating Expenses	1.18B	1.07B	908.00M	968.00M	1.30B	1.23B	1.17B	1.34B	3.66B	2.26B	2.05B	1.87B	1.56B	1.43B	1.24B	1.15B	785.80M	649.50M	510.40M	327.80M	305.19M	227.54M	238.56M	221.96M	142.90M	154.70M	123.00M	60.20M
Cost & Expenses	7.93B	6.97B	5.66B	6.62B	8.94B	8.24B	7.58B	8.69B	15.15B	17.89B	19.35B	16.50B	11.68B	9.74B	10.16B	10.51B	7.74B	5.91B	4.17B	2.15B	1.85B	1.39B	1.56B	1.07B	723.20M	1.03B	907.70M	614.00M
Interest Income	28.00M	19.00M	9.00M	7.00M	20.00M	25.00M	25.00M	15.00M	14.00M	18.00M	12.00M	10.00M	18.00M	13.00M	9.00M	44.60M	52.60M	18.10M	4.90M	0.00	2.32M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	88.00M	59.00M	77.00M	84.00M	100.00M	93.00M	102.00M	105.00M	103.00M	105.00M	111.00M	48.00M	40.00M	50.00M	53.00M	67.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	302.00M	301.00M	306.00M	352.00M	533.00M	690.00M	698.00M	703.00M	747.00M	778.00M	755.00M	628.00M	555.00M	507.00M	490.00M	401.60M	214.10M	160.60M	114.60M	44.00M	39.18M	25.05M	38.87M	35.03M	23.20M	19.20M	14.70M	3.60M
EBITDA	1.00B	617.00M	153.00M	-2.34B	-5.83B	824.00M	408.00M	-1.82B	261.00M	4.50B	4.21B	4.18B	3.52B	2.95B	2.75B	3.43B	2.26B	1.27B	591.40M	213.90M	203.30M	159.37M	228.15M	113.26M	28.65M	177.36M	117.80M	52.90M
EBITDA Ratio	11.67%	8.26%	2.77%	-7.42%	-0.09%	9.75%	-3.97%	-21.32%	-3.29%	16.79%	15.18%	17.73%	20.75%	20.31%	20.49%	24.53%	23.25%	18.66%	13.39%	9.27%	10.17%	10.29%	12.95%	12.89%	6.41%	14.71%	12.12%	9.31%
Operating Income	651.00M	264.00M	-153.00M	-534.00M	-458.00M	211.00M	-277.00M	-2.41B	-390.00M	3.56B	3.41B	3.55B	2.94B	2.42B	2.32B	2.92B	2.04B	1.11B	476.80M	168.60M	158.99M	134.32M	189.28M	78.22M	22.00M	137.50M	97.90M	34.60M
Operating Income Ratio	7.58%	3.65%	-2.77%	-8.77%	-5.40%	2.50%	-3.79%	-33.25%	-2.64%	16.58%	15.00%	17.69%	20.04%	19.91%	18.21%	21.72%	20.88%	15.81%	10.27%	7.27%	7.93%	8.83%	10.83%	6.80%	2.95%	11.73%	9.74%	5.33%
Total Other Income/Expenses	-39.00M	-26.00M	-96.00M	-354.00M	-183.00M	-170.00M	-115.00M	-212.00M	-199.00M	-119.00M	147.00M	-52.00M	-15.00M	-50.00M	-107.00M	43.80M	-15.50M	-61.90M	-46.80M	-37.10M	-37.19M	-21.86M	-21.26M	-51.19M	-17.96M	-12.48M	-11.80M	-17.90M
Income Before Tax	612.00M	238.00M	-230.00M	-2.78B	-6.46B	41.00M	-392.00M	-2.62B	-589.00M	3.49B	3.35B	3.51B	2.92B	2.40B	2.21B	2.96B	2.03B	1.05B	430.00M	131.50M	11.65M	112.47M	168.02M	27.04M	4.50M	109.30M	82.50M	300.00K
Income Before Tax Ratio	7.13%	3.29%	-4.16%	-45.63%	-76.21%	0.49%	-5.37%	-36.17%	-3.99%	16.30%	14.70%	17.49%	19.93%	19.72%	17.37%	22.05%	20.73%	14.93%	9.26%	5.67%	0.58%	7.39%	9.61%	2.35%	0.60%	9.33%	8.20%	0.05%
Income Tax Expense	-373.00M	83.00M	15.00M	-242.00M	-369.00M	63.00M	-156.00M	-207.00M	178.00M	1.04B	1.02B	1.02B	937.00M	738.00M	735.00M	992.80M	675.80M	355.70M	138.90M	19.20M	33.69M	39.40M	63.95M	13.90M	3.00M	40.40M	31.20M	100.00K
Net Income	993.00M	155.00M	-245.00M	-2.54B	-6.09B	-31.00M	-237.00M	-2.41B	-769.00M	2.50B	2.33B	2.49B	1.99B	1.67B	1.47B	1.95B	1.34B	684.00M	286.90M	110.20M	76.82M	73.07M	104.06M	13.14M	1.50M	68.90M	50.70M	200.00K
Net Income Ratio	11.57%	2.14%	-4.44%	-41.66%	-71.86%	-0.37%	-3.24%	-33.26%	-5.21%	11.67%	10.22%	12.43%	13.60%	13.71%	11.56%	14.53%	13.66%	9.74%	6.18%	4.75%	3.83%	4.80%	5.96%	1.14%	0.20%	5.88%	5.04%	0.03%
EPS	2.53	0.40	-0.63	-6.61	-15.95	-0.08	-0.63	-6.41	-1.99	5.85	5.46	5.86	4.73	3.99	3.53	4.91	3.77	1.95	0.92	0.67	0.47	0.45	0.65	0.09	-0.07	0.60	0.51	0.08
EPS Diluted	2.50	0.39	-0.63	-6.61	-15.95	-0.08	-0.63	-6.41	-1.99	5.82	5.44	5.83	4.70	3.98	3.52	4.90	3.76	1.94	0.91	0.67	0.47	0.45	0.64	0.08	-0.07	0.60	0.50	0.08
Weighted Avg Shares Out	393.00M	390.00M	386.00M	384.00M	382.00M	378.00M	376.19M	376.00M	386.43M	428.00M	426.00M	425.00M	422.00M	417.00M	416.00M	397.00M	354.40M	350.40M	312.80M	171.60M	169.57M	161.95M	161.63M	158.65M	143.34M	136.70M	107.33M	81.33M
Weighted Avg Shares Out (Dil)	397.00M	394.00M	386.00M	384.00M	382.00M	378.00M	377.00M	376.00M	387.00M	430.00M	428.00M	427.00M	424.00M	419.00M	417.00M	399.00M	355.40M	353.60M	316.50M	173.00M	169.57M	163.42M	163.47M	161.52M	143.34M	136.70M	108.40M	81.33M

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Why Nov Inc. (NOV) is a Top Growth Stock for the Long-Term

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NOV Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

July 29, 2024zacks.com

NOV expects a flat or low single-digit revenue growth year over year, with adjusted EBITDA between $270 million and $305 million for the third quarter of 2024.

NOV Inc. (NOV) Q2 2024 Earnings Call Transcript

July 26, 2024seekingalpha.com

NOV Inc. (NYSE:NOV ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Amie D'Ambrosio - Director, Investor Relations Clay Williams - Chairman, President and CEO Jose Bayardo - Senior Vice President and CFO Conference Call...

Nov Inc. (NOV) Reports Q2 Earnings: What Key Metrics Have to Say

July 25, 2024zacks.com

The headline numbers for Nov Inc. (NOV) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Nov Inc. (NOV) Beats Q2 Earnings and Revenue Estimates

July 25, 2024zacks.com

Nov Inc. (NOV) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.39 per share a year ago.

Factors You Need to Know Ahead of NOV Q2 Earnings Release

July 22, 2024zacks.com

NOV is anticipated to have generated higher revenues from the year-ago period's level. However, it is expected to have recorded a lower bottom line due to rising costs.

Is NOV (NOV) Stock Undervalued Right Now?

July 15, 2024zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...

NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation

July 9, 2024seekingalpha.com

NOV Inc. is still suffering from the lingering effects of the 2020 oil/gas bust, with investors shunning the stock, and operating results only slowly improving. Using financial ratio analysis, shares are trading at a 30% to 40% discount to long-term...