To the full analysis
NOV stock: growth
NOVNOV reported $8.74B in revenue for fiscal 2025, down 1.4% on the prior year, up 7.5% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
1.2%
per year from 2006 to 2025, per share 0.8%
Earnings (Annual rate)
−7.8%
per year from 2006 to 2025, per share −8.1%
Free cash flow (Annual rate)
−0.9%
per year from 2006 to 2025, per share −1.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 7.5% | −5.1% | 1.2% |
| Revenue per share | 8.2% | −4.7% | 0.8% |
| Earnings | no data | no data | −7.8% |
| Earnings per share | no data | no data | −8.1% |
| Free cash flow | 4.3% | −0.2% | −0.9% |
| Free cash flow per share | 5.0% | 0.2% | −1.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $7.03B | $684M | $1.02B |
| 2007 | $9.79B | $1.34B | $936.2M |
| 2008 | $13.43B | $1.95B | $1.92B |
| 2009 | $12.71B | $1.47B | $1.85B |
| 2010 | $12.16B | $1.67B | $1.31B |
| 2011 | $14.66B | $1.99B | $1.66B |
| 2012 | $17.19B | $2.49B | $37M |
| 2013 | $19.22B | $2.33B | $2.73B |
| 2014 | $21.44B | $2.5B | $1.92B |
| 2015 | $14.76B | −$769M | $879M |
| 2016 | $7.25B | −$2.41B | $676M |
| 2017 | $7.3B | −$237M | $640M |
| 2018 | $8.45B | −$31M | $277M |
| 2019 | $8.48B | −$6.1B | $481M |
| 2020 | $6.09B | −$2.54B | $700M |
| 2021 | $5.52B | −$250M | $90M |
| 2022 | $7.24B | $155M | −$393M |
| 2023 | $8.58B | $993M | −$140M |
| 2024 | $8.87B | $635M | $953M |
| 2025 | $8.74B | $145M | $864M |
Revenue by segment
How NOV Inc. makes its money and how that has shifted. Names are as the company reports them.
- Product67%
- Service22%
- Rental11%
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Product | $5.78B | $5.83B | $5.83B | 66.6% |
| Service | $1.79B | $1.99B | $1.95B | 22.3% |
| Rental | $1.02B | $1.05B | $963M | 11% |
| Total revenue | $8.58B | $8.87B | $8.74B | 100% |
Revenue by region
Where NOV Inc. generates its revenue.
- United States$3.0B34%
- Norway$907.0M10%
- Brazil$896.0M10%
- Other$3.9B45%
“Other” combines smaller regions with revenue the company does not assign to a region. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| United States | $3B | 34.3% |
| Norway | $907M | 10.4% |
| Brazil | $896M | 10.2% |
| Other | $3.94B | 45.1% |
| Total revenue | $8.74B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.