NOV Chart
About

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures. Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes. 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.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Equipment & Se Market Cap 6.97B
Enterprise Value 7.63B Income 145.00M Sales 8.74B
Book/sh 17.37 Cash/sh 4.31 Dividend Yield 167.00%
Payout 130.77% Employees 31605 IPO
P/E 49.03 Forward P/E 14.98 PEG
P/S 0.80 P/B 1.10 P/C
EV/EBITDA 7.39 EV/Sales 0.87 Quick Ratio 1.60
Current Ratio 2.42 Debt/Eq 37.01 LT Debt/Eq
EPS (ttm) 0.39 EPS next Y 1.28 EPS Growth
Revenue Growth -1.30% Earnings 2026-04-27 ROA 3.74%
ROE 2.37% ROIC Gross Margin 21.31%
Oper. Margin 12.08% Profit Margin 1.66% Shs Outstand 360.40M
Shs Float 356.68M Short Float 11.94% Short Ratio 3.62
Short Interest 52W High 20.86 52W Low 10.84
Beta 0.93 Avg Volume 4.59M Volume 2.46M
Target Price $19.90 Recom Buy Prev Close $18.84
Price $19.12 Change 1.49%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.90
Mean price target
2. Current target
$19.12
Latest analyst target
3. DCF / Fair value
$37.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.12
Low
$16.00
High
$23.00
Mean
$19.90

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-04 main Goldman Sachs Sell → Sell $20
2026-02-11 main Citigroup Neutral → Neutral $20
2026-02-09 main BMO Capital Market Perform → Market Perform $20
2026-02-09 main Piper Sandler Neutral → Neutral $18
2026-02-06 main Stifel Buy → Buy $21
2026-02-04 up Barclays Underweight → Equal-Weight $20
2026-01-07 main TD Cowen Buy → Buy $22
2026-01-07 main Susquehanna Positive → Positive $20
2025-12-18 main Piper Sandler Neutral → Neutral $17
2025-12-17 main Barclays Underweight → Underweight $15
2025-12-11 main Citigroup Neutral → Neutral $17
2025-11-12 main Citigroup Neutral → Neutral $16
2025-11-11 main Barclays Underweight → Underweight $13
2025-11-05 main Goldman Sachs Sell → Sell $14
2025-10-30 main Barclays Underweight → Underweight $14
2025-10-29 main Stifel Buy → Buy $19
2025-10-29 main RBC Capital Outperform → Outperform $19
2025-10-08 main Citigroup Neutral → Neutral $14
2025-08-14 main Piper Sandler Neutral → Neutral $14
2025-07-30 main RBC Capital Outperform → Outperform $18
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 12462 Stock Award(Grant) at price 0.00 per share. HARRISON DAVID D Director 2020-05-20 00:00:00 D
1 12462 Stock Award(Grant) at price 0.00 per share. GUILL BEN A Director 2020-05-20 00:00:00 D
2 12462 Stock Award(Grant) at price 0.00 per share. ARMSTRONG GREG L Director 2020-05-20 00:00:00 D
3 12462 Stock Award(Grant) at price 0.00 per share. MATTSON ERIC L Director 2020-05-20 00:00:00 D
4 12462 Stock Award(Grant) at price 0.00 per share. HACKETT JAMES T Director 2020-05-20 00:00:00 D
5 12462 Stock Award(Grant) at price 0.00 per share. THOMAS WILLIAM R Director 2020-05-20 00:00:00 D
6 12462 Stock Award(Grant) at price 0.00 per share. DONADIO MARCELA E Director 2020-05-20 00:00:00 D
7 12462 Stock Award(Grant) at price 0.00 per share. MEYER MELODY B Director 2020-05-20 00:00:00 D
8 239020 Stock Award(Grant) at price 0.00 per share. WILLIAMS CLAY CAMPBELL Chief Executive Officer 2020-02-25 00:00:00 D
9 87926 Stock Award(Grant) at price 0.00 per share. BAYARDO JOSE A Chief Financial Officer 2020-02-25 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-14.70M0.000.000.00
TaxRateForCalcs0.210.240.210.35
NormalizedEBITDA888.00M1.26B1.00B617.00M
TotalUnusualItems-70.00M0.000.000.00
TotalUnusualItemsExcludingGoodwill-70.00M0.000.000.00
NetIncomeFromContinuingOperationNetMinorityInterest145.00M635.00M993.00M155.00M
ReconciledDepreciation355.00M343.00M302.00M301.00M
ReconciledCostOfRevenue6.98B6.86B6.75B5.90B
EBITDA818.00M1.26B1.00B617.00M
EBIT463.00M922.00M700.00M316.00M
NetInterestIncome-37.00M-53.00M-60.00M-59.00M
InterestExpense88.00M91.00M88.00M78.00M
InterestIncome51.00M38.00M28.00M19.00M
NormalizedIncome200.30M635.00M993.00M155.00M
NetIncomeFromContinuingAndDiscontinuedOperation145.00M635.00M993.00M155.00M
TotalExpenses8.18B7.99B7.93B6.97B
TotalOperatingIncomeAsReported494.00M876.00M651.00M264.00M
DilutedAverageShares375.00M396.00M397.00M394.00M
BasicAverageShares372.00M392.00M393.00M390.00M
DilutedEPS0.391.602.500.39
BasicEPS0.391.622.530.40
DilutedNIAvailtoComStockholders145.00M635.00M993.00M155.00M
NetIncomeCommonStockholders145.00M635.00M993.00M155.00M
NetIncome145.00M635.00M993.00M155.00M
MinorityInterests-6.00M0.008.00M0.00
NetIncomeIncludingNoncontrollingInterests151.00M635.00M985.00M155.00M
NetIncomeContinuousOperations151.00M635.00M985.00M155.00M
TaxProvision224.00M196.00M-373.00M83.00M
PretaxIncome375.00M831.00M612.00M238.00M
OtherIncomeExpense-152.00M8.00M21.00M33.00M
OtherNonOperatingIncomeExpenses-66.00M-28.00M-98.00M-35.00M
SpecialIncomeCharges-70.00M0.000.000.00
ImpairmentOfCapitalAssets70.00M0.000.000.00
EarningsFromEquityInterest-16.00M36.00M119.00M68.00M
NetNonOperatingInterestIncomeExpense-37.00M-53.00M-60.00M-59.00M
InterestExpenseNonOperating88.00M91.00M88.00M78.00M
InterestIncomeNonOperating51.00M38.00M28.00M19.00M
OperatingIncome564.00M876.00M651.00M264.00M
OperatingExpense1.20B1.13B1.18B1.07B
SellingGeneralAndAdministration1.20B1.13B1.18B1.07B
GrossProfit1.77B2.01B1.83B1.33B
CostOfRevenue6.98B6.86B6.75B5.90B
TotalRevenue8.74B8.87B8.58B7.24B
OperatingRevenue8.74B8.87B8.58B7.24B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber360.80M381.55M393.95M392.83M
ShareIssued360.80M381.55M393.95M392.83M
NetDebt166.00M510.00M909.00M661.00M
TotalDebt2.34B2.39B2.38B2.37B
TangibleBookValue4.23B4.24B4.16B3.10B
InvestedCapital7.99B8.12B7.89B6.83B
WorkingCapital3.41B3.42B3.40B3.06B
NetTangibleAssets4.23B4.24B4.16B3.10B
CapitalLeaseObligations622.00M646.00M652.00M636.00M
CommonStockEquity6.27B6.38B6.17B5.10B
TotalCapitalization7.96B8.08B7.88B6.81B
TotalEquityGrossMinorityInterest6.32B6.43B6.24B5.13B
MinorityInterest54.00M52.00M74.00M38.00M
StockholdersEquity6.27B6.38B6.17B5.10B
GainsLossesNotAffectingRetainedEarnings-1.42B-1.62B-1.49B-1.59B
OtherEquityAdjustments-1.42B-1.62B-1.49B-1.59B
RetainedEarnings-673.00M-628.00M-1.16B-2.07B
AdditionalPaidInCapital8.36B8.62B8.81B8.75B
CapitalStock4.00M4.00M4.00M4.00M
CommonStock4.00M4.00M4.00M4.00M
TotalLiabilitiesNetMinorityInterest4.97B4.93B5.05B5.00B
TotalNonCurrentLiabilitiesNetMinorityInterest2.56B2.59B2.62B2.56B
OtherNonCurrentLiabilities261.00M283.00M277.00M230.00M
NonCurrentDeferredLiabilities93.00M56.00M70.00M68.00M
NonCurrentDeferredTaxesLiabilities93.00M56.00M70.00M68.00M
LongTermDebtAndCapitalLeaseObligation2.21B2.25B2.27B2.27B
LongTermCapitalLeaseObligation521.00M544.00M558.00M549.00M
LongTermDebt1.69B1.70B1.71B1.72B
CurrentLiabilities2.41B2.35B2.44B2.44B
OtherCurrentLiabilities4.00M24.00M19.00M13.00M
CurrentDeferredLiabilities565.00M492.00M532.00M444.00M
CurrentDeferredRevenue565.00M492.00M532.00M444.00M
CurrentDebtAndCapitalLeaseObligation131.00M139.00M107.00M100.00M
CurrentCapitalLeaseObligation101.00M102.00M94.00M87.00M
CurrentDebt30.00M37.00M13.00M13.00M
OtherCurrentBorrowings30.00M37.00M13.00M13.00M
PensionandOtherPostRetirementBenefitPlansCurrent278.00M268.00M294.00M329.00M
CurrentProvisions72.00M70.00M73.00M
PayablesAndAccruedExpenses1.43B1.42B1.48B1.55B
CurrentAccruedExpenses438.00M450.00M445.00M510.00M
InterestPayable10.00M11.00M8.00M7.00M
Payables990.00M974.00M1.04B1.04B
TotalTaxPayable159.00M137.00M134.00M135.00M
IncomeTaxPayable57.00M18.00M22.00M28.00M
AccountsPayable831.00M837.00M904.00M906.00M
TotalAssets11.29B11.36B11.29B10.13B
TotalNonCurrentAssets5.47B5.59B5.45B4.64B
OtherNonCurrentAssets361.00M406.00M334.00M232.00M
NonCurrentDeferredAssets358.00M413.00M488.00M0.00
NonCurrentDeferredTaxesAssets358.00M413.00M488.00M0.00
InvestmentsAndAdvances163.00M163.00M211.00M117.00M
LongTermEquityInvestment163.00M163.00M211.00M117.00M
InvestmentsInOtherVenturesUnderEquityMethod163.00M163.00M211.00M117.00M
InvestmentsinAssociatesatCost117.00M50.00M
GoodwillAndOtherIntangibleAssets2.04B2.14B2.01B2.00B
OtherIntangibleAssets455.00M508.00M450.00M490.00M
Goodwill1.58B1.63B1.56B1.50B
NetPPE2.55B2.47B2.41B2.30B
AccumulatedDepreciation-3.63B-3.41B-3.33B-3.13B
GrossPPE6.18B5.88B5.74B5.42B
OtherProperties4.46B4.27B4.27B4.00B
BuildingsAndImprovements1.56B1.44B1.28B1.25B
LandAndImprovements166.00M165.00M180.00M176.00M
Properties0.000.000.000.00
CurrentAssets5.82B5.77B5.84B5.49B
OtherCurrentAssets172.00M212.00M229.00M187.00M
PrepaidAssets198.00M
Inventory1.80B1.93B2.15B1.81B
InventoriesAdjustmentsAllowances-261.00M-286.00M-354.00M-378.00M
FinishedGoods1.39B1.64B1.80B1.40B
WorkInProcess217.00M181.00M230.00M308.00M
RawMaterials456.00M394.00M479.00M479.00M
Receivables2.30B2.40B2.64B2.42B
OtherReceivables596.00M577.00M739.00M685.00M
AccountsReceivable1.70B1.82B1.91B1.74B
AllowanceForDoubtfulAccountsReceivable-64.00M-67.00M-72.00M-71.00M
GrossAccountsReceivable1.76B1.89B1.98B1.81B
CashCashEquivalentsAndShortTermInvestments1.55B1.23B816.00M1.07B
CashAndCashEquivalents1.55B1.23B816.00M1.07B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow876.00M953.00M-140.00M-393.00M
RepurchaseOfCapitalStock-315.00M-229.00M0.000.00
RepaymentOfDebt-26.00M-431.00M-192.00M-4.00M
IssuanceOfDebt3.00M420.00M184.00M20.00M
CapitalExpenditure-375.00M-351.00M-283.00M-214.00M
InterestPaidSupplementalData85.00M86.00M85.00M75.00M
IncomeTaxPaidSupplementalData106.00M161.00M114.00M117.00M
EndCashPosition1.55B1.23B816.00M1.07B
BeginningCashPosition1.23B816.00M1.07B1.59B
EffectOfExchangeRateChanges17.00M-13.00M0.00-9.00M
ChangesInCash305.00M427.00M-253.00M-513.00M
FinancingCashFlow-584.00M-406.00M-103.00M-96.00M
CashFlowFromContinuingFinancingActivities-584.00M-406.00M-103.00M-96.00M
NetOtherFinancingCharges-28.00M-30.00M7.00M-10.00M
CashDividendsPaid-190.00M-108.00M-79.00M-78.00M
CommonStockDividendPaid-190.00M-108.00M-79.00M-78.00M
NetCommonStockIssuance-315.00M-229.00M0.000.00
CommonStockPayments-315.00M-229.00M0.000.00
NetIssuancePaymentsOfDebt-51.00M-39.00M-31.00M-8.00M
NetShortTermDebtIssuance-8.00M16.00M-123.00M
ShortTermDebtPayments-10.00M-4.00M-183.00M
ShortTermDebtIssuance2.00M20.00M60.00M
NetLongTermDebtIssuance-51.00M-39.00M-31.00M-8.00M
LongTermDebtPayments-26.00M-431.00M-192.00M-4.00M
LongTermDebtIssuance3.00M420.00M184.00M20.00M
InvestingCashFlow-362.00M-471.00M-293.00M-238.00M
CashFlowFromContinuingInvestingActivities-362.00M-471.00M-293.00M-238.00M
NetOtherInvestingChanges13.00M2.00M12.00M25.00M
NetBusinessPurchaseAndSale0.00-122.00M-22.00M-49.00M
SaleOfBusiness0.00176.00M0.000.00
PurchaseOfBusiness0.00-298.00M-22.00M-49.00M
NetPPEPurchaseAndSale-375.00M-351.00M-283.00M-214.00M
PurchaseOfPPE-375.00M-351.00M-283.00M-214.00M
OperatingCashFlow1.25B1.30B143.00M-179.00M
CashFlowFromContinuingOperatingActivities1.25B1.30B143.00M-179.00M
DividendReceivedCFO2.00M84.00M0.000.00
ChangeInWorkingCapital409.00M215.00M-584.00M-759.00M
ChangeInOtherWorkingCapital83.00M-184.00M267.00M-20.00M
ChangeInPayablesAndAccruedExpense-15.00M-143.00M-126.00M395.00M
ChangeInAccruedExpense-48.00M-51.00M-116.00M101.00M
ChangeInPayable33.00M-92.00M-10.00M294.00M
ChangeInAccountPayable-6.00M-87.00M-4.00M289.00M
ChangeInTaxPayable39.00M-5.00M-6.00M5.00M
ChangeInIncomeTaxPayable39.00M-5.00M-6.00M5.00M
ChangeInPrepaidAssets41.00M17.00M-40.00M6.00M
ChangeInInventory97.00M270.00M-361.00M-480.00M
ChangeInReceivables203.00M255.00M-324.00M-660.00M
ChangesInAccountReceivables222.00M93.00M-269.00M-440.00M
OtherNonCashItems88.00M74.00M-18.00M18.00M
StockBasedCompensation67.00M70.00M66.00M67.00M
ProvisionandWriteOffofAssets31.00M28.00M-18.00M73.00M
AssetImpairmentCharge70.00M0.000.00127.00M
DeferredTax93.00M49.00M-489.00M-2.00M
DeferredIncomeTax93.00M49.00M-489.00M-2.00M
DepreciationAmortizationDepletion355.00M343.00M302.00M301.00M
DepreciationAndAmortization355.00M343.00M302.00M301.00M
OperatingGainsLosses16.00M-166.00M-119.00M-68.00M
EarningsLossesFromEquityInvestments16.00M-36.00M-119.00M-68.00M
GainLossOnInvestmentSecurities84.00M
GainLossOnSaleOfBusiness0.00-130.00M0.000.00
NetIncomeFromContinuingOperations151.00M635.00M985.00M155.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for NOV
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status