Financial Statements — NOV
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.34 | 1.21 | 1.08 | 1.16 | 0.99 | 0.83 | 0.47 | 0.51 | 0.59 | 0.77 | 1.00 | 1.22 | 1.41 | 1.67 | 1.57 | 1.61 |
| Accounts Receivable | 1.66 | 1.87 | 1.90 | 1.79 | 1.90 | 1.85 | 1.87 | 1.98 | 1.89 | 1.78 | 1.62 | 1.58 | 1.47 | 1.28 | 1.26 | 1.26 |
| Inventory | 1.87 | 1.89 | 1.93 | 1.94 | 2.12 | 2.16 | 2.28 | 2.28 | 2.20 | 2.04 | 1.76 | 1.59 | 1.44 | 1.33 | 1.32 | 1.36 |
| Total Current Assets | 5.72 | 5.76 | 5.78 | 5.78 | 5.92 | 5.84 | 5.69 | 5.66 | 5.61 | 5.42 | 5.18 | 5.09 | 4.95 | 4.94 | 4.91 | 5.00 |
| Property, Plant & Equipment | 2.02 | 2.03 | 1.99 | 1.95 | 1.91 | 1.88 | 1.88 | 1.84 | 1.84 | 1.81 | 1.76 | 1.76 | 1.81 | 1.83 | 1.87 | 1.89 |
| Goodwill | 1.58 | 1.62 | 1.62 | 1.62 | 1.61 | 1.62 | 1.60 | 1.56 | 1.55 | 1.55 | 1.51 | 1.50 | 1.53 | 1.50 | 1.50 | 1.50 |
| Intangible Assets | 0.44 | 0.47 | 0.50 | 0.51 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 5.42 | 5.58 | 5.58 | 5.49 | 5.50 | 5.45 | 5.62 | 4.84 | 4.84 | 4.76 | 4.58 | 4.61 | 4.60 | 4.63 | 4.69 | 4.68 |
| Total Assets | 11.14 | 11.34 | 11.36 | 11.27 | 11.42 | 11.30 | 11.31 | 10.50 | 10.45 | 10.18 | 9.76 | 9.70 | 9.55 | 9.57 | 9.60 | 9.67 |
| Accounts Payable | 0.85 | 0.80 | 0.82 | 0.80 | 0.84 | 0.81 | 0.82 | 0.93 | 1.01 | 0.96 | 0.77 | 0.75 | 0.64 | 0.52 | 0.53 | 0.47 |
| Total Current Liabilities | 2.32 | 2.26 | 2.24 | 2.18 | 2.30 | 2.24 | 2.27 | 2.37 | 2.38 | 2.31 | 2.25 | 2.17 | 1.98 | 1.85 | 1.81 | 1.93 |
| Long-term Debt | 1.72 | 1.73 | 1.73 | 1.74 | 1.75 | 1.75 | 1.81 | 1.73 | 1.73 | 1.73 | 1.73 | 1.72 | 1.71 | 1.70 | 1.69 | 1.85 |
| Total Non-current Liabilities* | 2.56 | 2.56 | 2.57 | 2.60 | 2.61 | 2.62 | 2.71 | 2.56 | 2.56 | 2.56 | 2.58 | 2.56 | 2.56 | 2.64 | 2.61 | 2.59 |
| Total Liabilities | 4.88 | 4.83 | 4.81 | 4.78 | 4.91 | 4.87 | 4.98 | 4.93 | 4.95 | 4.87 | 4.83 | 4.73 | 4.54 | 4.49 | 4.42 | 4.52 |
| Retained Earnings | (0.69) | (0.57) | (0.58) | (0.58) | (0.76) | (0.86) | (1.06) | (1.73) | (1.83) | (1.96) | (2.15) | (2.17) | (2.22) | (2.09) | (2.02) | (1.99) |
| Total Stockholder Equity | 6.21 | 6.46 | 6.50 | 6.44 | 6.46 | 6.38 | 6.25 | 5.52 | 5.43 | 5.24 | 4.87 | 4.91 | 4.95 | 5.01 | 5.11 | 5.08 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 2.05 | 2.28 | 2.18 | 2.19 | 2.10 | 2.31 | 2.19 | 2.22 | 2.15 | 2.34 | 2.19 | 2.09 | 1.96 | 2.07 | 1.89 | 1.73 | 1.55 | 1.52 | 1.34 | 1.42 |
| Cost of Revenue | 1.67 | 1.82 | 1.76 | 1.74 | 1.66 | 1.82 | 1.72 | 1.63 | 1.70 | 1.85 | 1.72 | 1.64 | 1.55 | 1.63 | 1.52 | 1.42 | 1.33 | 1.32 | 1.16 | 1.19 |
| Gross Profit | 0.38 | 0.46 | 0.41 | 0.45 | 0.45 | 0.49 | 0.47 | 0.59 | 0.46 | 0.50 | 0.47 | 0.46 | 0.41 | 0.44 | 0.37 | 0.31 | 0.21 | 0.20 | 0.19 | 0.23 |
| Selling, General & Admin | 0.33 | 0.30 | 0.31 | 0.30 | 0.30 | 0.29 | 0.28 | 0.28 | 0.30 | 0.34 | 0.28 | 0.28 | 0.28 | 0.28 | 0.31 | 0.24 | 0.24 | 0.22 | 0.23 | 0.22 |
| Total Operating Expenses | 0.33 | 0.37 | 0.31 | 0.30 | 0.30 | 0.29 | 0.28 | 0.28 | 0.30 | 0.34 | 0.28 | 0.28 | 0.28 | 0.28 | 0.31 | 0.24 | 0.24 | 0.22 | 0.23 | 0.22 |
| Operating Income | 0.05 | 0.09 | 0.11 | 0.14 | 0.15 | 0.21 | 0.19 | 0.31 | 0.16 | 0.16 | 0.18 | 0.18 | 0.13 | 0.16 | 0.06 | 0.07 | (0.02) | (0.01) | (0.04) | 0.01 |
| Interest Expense | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Pretax Income | 0.04 | 0.07 | 0.07 | 0.12 | 0.12 | 0.20 | 0.17 | 0.29 | 0.17 | 0.14 | 0.16 | 0.18 | 0.14 | 0.14 | 0.06 | 0.07 | (0.04) | (0.03) | (0.06) | (0.02) |
| Tax Provision | 0.02 | 0.15 | 0.03 | 0.00 | 0.05 | 0.04 | 0.04 | 0.07 | 0.04 | (0.46) | 0.05 | 0.02 | 0.02 | 0.04 | 0.03 | -0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Net Income | 0.02 | (0.08) | 0.04 | 0.11 | 0.07 | 0.16 | 0.13 | 0.23 | 0.12 | 0.60 | 0.11 | 0.16 | 0.13 | 0.10 | 0.03 | 0.07 | (0.05) | (0.04) | (0.07) | (0.03) |
| Basic EPS | 0.05 | (0.20) | 0.11 | 0.29 | 0.19 | 0.42 | 0.33 | 0.57 | 0.30 | 1.53 | 0.29 | 0.39 | 0.32 | 0.27 | 0.08 | 0.18 | (0.13) | (0.10) | (0.18) | (0.07) |
| Diluted EPS | 0.05 | (0.20) | 0.11 | 0.29 | 0.19 | 0.40 | 0.33 | 0.57 | 0.30 | 1.50 | 0.29 | 0.39 | 0.32 | 0.26 | 0.08 | 0.18 | (0.13) | (0.10) | (0.18) | (0.07) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (26.00) | 573.00 | 352.00 | 191.00 | 135.00 | 591.00 | 359.00 | 432.00 | (78.00) | 377.00 | 40.00 | (72.00) | (202.00) | 154.00 | (106.00) | (124.00) | (103.00) | 36.00 | 105.00 | 177.00 |
| Capital Expenditures | 65.00 | 101.00 | 107.00 | 83.00 | 84.00 | 118.00 | 82.00 | 82.00 | 69.00 | 76.00 | 74.00 | 76.00 | 57.00 | 66.00 | 59.00 | 43.00 | 46.00 | 64.00 | 39.00 | 49.00 |
| Free Cash Flow* | (91.00) | 472.00 | 245.00 | 108.00 | 51.00 | 473.00 | 277.00 | 350.00 | (147.00) | 301.00 | (34.00) | (148.00) | (259.00) | 88.00 | (165.00) | (167.00) | (149.00) | (28.00) | 66.00 | 128.00 |
| Investing Cash Flow | (64.00) | (96.00) | (104.00) | (81.00) | (81.00) | (163.00) | (82.00) | 85.00 | (311.00) | (82.00) | (83.00) | (76.00) | (52.00) | (65.00) | (84.00) | (40.00) | (49.00) | (94.00) | (13.00) | (38.00) |
| Financing Cash Flow | (115.00) | (133.00) | (118.00) | (198.00) | (135.00) | (171.00) | (122.00) | (156.00) | 43.00 | 3.00 | (33.00) | (32.00) | (41.00) | (24.00) | (20.00) | (16.00) | (36.00) | (17.00) | 10.00 | (179.00) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2020 | Q3
2020 | Q2
2020 |
|---|
| Dividends Per Share | 0.09 | 0.08 | 0.08 | 0.28 | 0.08 | 0.08 | 0.08 | 0.08 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
