The financials
NOV Inc. by the numbers
NOV Inc. (NOV) reported revenue of $2.05B in Q1 2026 (quarter ended March 31, 2026), down 2.4% from the same quarter a year earlier. That came with a gross margin of 18% and net income of $19M (0.9% of revenue). For the full year FY2025, revenue was $8.74B (−1.4% year on year) and net income $145M. Its largest segment in 2026-Q1 was Energy Equipments at $1.19B, 57% of the disclosed total, just ahead of Energy Products And Services at 43%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $2.05B | $2.10B | −2.4% |
| Gross profit | $379M | $447M | −15% |
| Operating income | $47M | $152M | −69% |
| Net income | $19M | $73M | −74% |
| Diluted EPS | $0.05 | $0.19 | −74% |
| Operating | Revenue | Share |
|---|---|---|
| Energy Equipments | $1.19B | 57% |
| Energy Products And Services | $897M | 43% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $2.09B (-5.9%)
Energy Equipments grew +3.8% year on yearEnergy Products And Services -9.6% year on year
Segment Latestquarter on quarteryear on year
- Energy Equipments$1.19B$1.19BQoQ -4.6%year on year +3.8%-4.6%+3.8%
- Energy Products And Services$897.0M$897.0MQoQ -7.6%year on year -9.6%-7.6%-9.6%
Oil & Gas Equipment & Services
Ranks #21 of 27 by Smart Score