NOV
Supplies equipment, products, and services for drilling, completion, and production worldwide.
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Profile
Supplies long-cycle energy systems alongside shorter-cycle products, services, and rentals for upstream customers. Its two segments pair Energy Equipment with Energy Products and Services across a global footprint.
Supplies long-cycle Energy Equipment, including land and offshore drilling systems, offshore construction and wind-turbine-installation vessels, FPSO-related equipment, and production and midstream equipment. Aftermarket support includes spares, repair, and rentals.
Energy Products and Services provides drill bits, downhole tools, premium drill pipe, drilling fluids, completion tools, artificial-lift systems, and composite pipes, tanks, and structures for drilling through production. Customers include major-diversified, national, and independent service companies, contractors, and energy producers across 57 countries.
Operations extend worldwide. The business is organized around the Energy Equipment and Energy Products and Services segments following a reporting-structure consolidation.
Company facts
Key statistics
Year to date +27.8% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 15, 2026 | Morgan Stanley | Target | $20 | $21 | ||
| Jul 8, 2026 | Susquehanna | Reiterate | Positive | $24 | $22 | |
| Jun 4, 2026 | Capital One Financial | Target | $26 | |||
| Jun 3, 2026 | Goldman Sachs | Target | $17 | $19 | ||
| May 8, 2026 | Barclays | Downgrade | Equal Weight | Underweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.17 | $0.31 | +86.3% | $2.08B | $2.13B | +2.4% | −3.83% |
| Apr 27, 2026Q1 FY26 | $0.17 | $0.15 | −11.8% | $2.05B | $2.05B | −0.1% | −2.55% |
| Feb 4, 2026Q4 FY25 | $0.25 | $0.02 | −92.0% | $2.17B | $2.28B | +5.0% | −5.88% |
| Oct 27, 2025Q3 FY25 | $0.24 | $0.11 | −54.2% | $2.17B | $2.18B | +0.4% | +7.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | $2.19B | $2.18B | $2.28B | $2.05B | $2.13B | |
| Gross profit | $447.0M | $446.0M | $412.0M | $462.0M | $379.0M | $521.0M | |
| Operating income | $152.0M | $143.0M | $107.0M | $162.0M | $47.0M | $193.0M | |
| Net income | $73.0M | $108.0M | $42.0M | −$78.0M | $20.0M | $112.0M | |
| Diluted EPS | $0.19 | $0.29 | $0.11 | −$0.21 | $0.05 | $0.31 | |
| Gross margin | 21.3% | 20.4% | 18.9% | 20.3% | 18.5% | 24.4% | |
| Operating margin | 7.2% | 6.5% | 4.9% | 7.1% | 2.3% | 9.0% |
Fiscal years (4-quarter sums)FY21 $5.52B · FY22 $7.24B · FY23 $8.58B · FY24 $8.87B · FY25 $8.74B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.16B · Total debt $2.33B · Total assets $11.20B · Shareholders' equity $6.21B
Dividends
Raised for 5 straight years — most recently to $0.09 from $0.075 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 26 | $0.09 | |
| Jun 1, 2026 | Jun 1 | Jun 12 | $0.09 | |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.09 | raised from $0.075 |
| Dec 5, 2025 | Dec 5 | Dec 19 | $0.075 | |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.075 | |
| Jun 13, 2025 | Jun 13 | Jun 27 | $0.075 | |
| Jun 2, 2025 | Jun 2 | Jun 13 | $0.21 | special dividend |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.075 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 356.48M · Float 354.41M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 37.63M | 10.56% | 13F | Aug 7, 2026 |
| Pzena Investment Management LLC | 36.38M | 10.20% | 13F | Aug 7, 2026 |
| First Eagle Investment Management, LLC | 30.68M | 8.61% | 13F | Aug 24, 2026 |
| Dimensional Fund Advisors LP | 19.67M | 5.52% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 18.93M | 5.31% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | David D. Harrison | director | −9,594 | $19.21 |
| Feb 23, 2026 | Joseph W. Rovig | officer: President - Energy Equipment | −151,086 | $20.17 |
| Feb 23, 2026 | Craig L. Weinstock | officer: Sr. VP. & Gen. Counsel | −70,000 | $20.08 |
| Nov 21, 2025 | Christian S. Kendall | director | +70,000 | $14.46 |
Peers
- SLB
Broad oilfield technology overlap in drilling, completions, and lift
- Baker Hughes
Oilfield-equipment overlap across drilling, completions, and lift
- Halliburton
Drilling, completion, and artificial-lift overlap
- TechnipFMC
Offshore subsea and surface-production-equipment overlap
- Weatherford International
Downhole tools, intervention, and artificial-lift overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| TechnipFMC | $75.84 | +0.03% | $29.74B | 26.3 | 22.4 | 2.9 | +9.0% |
| Weatherford International | $93.79 | +0.01% | $6.72B | 18.5 | 15.3 | 1.4 | −8.2% |
| Median | 20.1 | 20.2 | 2.2 | +3.7% |