NOV Past Earnings Performance

Past criteria checks 5/6

NOV has been growing earnings at an average annual rate of 83.3%, while the Energy Services industry saw earnings growing at 53% annually. Revenues have been growing at an average rate of 3.6% per year. NOV's return on equity is 16.4%, and it has net margins of 12%.

Key information

83.3%

Earnings growth rate

83.4%

EPS growth rate

Energy Services Industry Growth23.7%
Revenue growth rate3.6%
Return on equity16.4%
Net Margin12.0%
Last Earnings Update30 Sep 2024

Recent past performance updates

There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

Feb 15
There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

Recent updates

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Nov 10
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

NOV Is A Hold As It Expects Higher Drilling Activity By 2026

Oct 30

Returns At NOV (NYSE:NOV) Are On The Way Up

Oct 15
Returns At NOV (NYSE:NOV) Are On The Way Up

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 100% Above Its Share Price

Sep 12
NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 100% Above Its Share Price

NOV Inc.'s (NYSE:NOV) Shares Lagging The Market But So Is The Business

Aug 28
NOV Inc.'s (NYSE:NOV) Shares Lagging The Market But So Is The Business

Is NOV (NYSE:NOV) Using Too Much Debt?

Jul 26
Is NOV (NYSE:NOV) Using Too Much Debt?

Here's Why NOV (NYSE:NOV) Has Caught The Eye Of Investors

Jul 11
Here's Why NOV (NYSE:NOV) Has Caught The Eye Of Investors

NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation

Jul 09

Returns On Capital Are Showing Encouraging Signs At NOV (NYSE:NOV)

Jun 06
Returns On Capital Are Showing Encouraging Signs At NOV (NYSE:NOV)

NOV's (NYSE:NOV) Upcoming Dividend Will Be Larger Than Last Year's

May 22
NOV's (NYSE:NOV) Upcoming Dividend Will Be Larger Than Last Year's

Is NOV Inc. (NYSE:NOV) Trading At A 22% Discount?

May 14
Is NOV Inc. (NYSE:NOV) Trading At A 22% Discount?

NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet

Apr 23
NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet

NOV: Energy Supplier Sees Some Energy Itself

Apr 15

NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05

Mar 07
NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05

Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/S

Mar 05
Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/S

There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

Feb 15
There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Feb 05

Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 04
Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

Jan 14
Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

Jan 08

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Dec 18
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

Dec 05
NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

NOV (NYSE:NOV) Will Pay A Dividend Of $0.05

Nov 20
NOV (NYSE:NOV) Will Pay A Dividend Of $0.05

Here's Why We Think NOV (NYSE:NOV) Is Well Worth Watching

Oct 30
Here's Why We Think NOV (NYSE:NOV) Is Well Worth Watching

NOV: A Balanced Approach For Long-Term Investors

Oct 24

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share Price

Oct 13
NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share Price

Returns Are Gaining Momentum At NOV (NYSE:NOV)

Sep 04
Returns Are Gaining Momentum At NOV (NYSE:NOV)

NOV: Riding The Wave Of International Drilling Growth

Aug 09

NOV Inc.'s (NYSE:NOV) P/S Still Appears To Be Reasonable

Jul 26
NOV Inc.'s (NYSE:NOV) P/S Still Appears To Be Reasonable

A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

Jul 08
A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

We Think NOV (NYSE:NOV) Is Taking Some Risk With Its Debt

Jun 19
We Think NOV (NYSE:NOV) Is Taking Some Risk With Its Debt

NOV: A Hold Until Valuation Goes Down

May 26

NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

Apr 17
NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital

A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

Mar 27
A Look At The Fair Value Of NOV Inc. (NYSE:NOV)

NOV (NYSE:NOV) Has A Somewhat Strained Balance Sheet

Mar 06
NOV (NYSE:NOV) Has A Somewhat Strained Balance Sheet

National Oilwell Varco declares $0.05 dividend

Feb 24

Revenue & Expenses Breakdown

How NOV makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:NOV Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 248,9051,0731,1430
30 Jun 248,8991,0571,1530
31 Mar 248,7769861,1520
31 Dec 238,5839931,1410
30 Sep 238,3134991,1270
30 Jun 238,0174171,1040
31 Mar 237,6513311,0690
31 Dec 227,2371551,0190
30 Sep 226,681119550
30 Jun 226,133-909210
31 Mar 225,823-1858990
31 Dec 215,524-2509080
30 Sep 215,334-5579260
30 Jun 215,377-5439110
31 Mar 215,456-6109290
31 Dec 206,090-2,5429680
30 Sep 207,044-2,5801,0220
30 Jun 207,786-2,7691,1020
31 Mar 208,422-8,0651,2820
31 Dec 198,479-6,0951,3030
30 Sep 198,596-5,6981,3360
30 Jun 198,624-5,4531,3630
31 Mar 198,598-401,2490
31 Dec 188,453-311,2330
30 Sep 188,024-571,1890
30 Jun 187,705-841,1610
31 Mar 187,358-1831,1510
31 Dec 177,304-2371,1690
30 Sep 177,027-9371,1980
30 Jun 176,838-2,2731,1990
31 Mar 176,803-2,4151,2110
31 Dec 167,251-2,4121,3380
30 Sep 168,281-3,2211,4170
30 Jun 169,941-1,7041,4780
31 Mar 1612,126-1,1981,5900
31 Dec 1514,757-7691,7640
30 Sep 1517,7441,3491,9020
30 Jun 1520,0251,8932,0880
31 Mar 1521,3712,2122,2080
31 Dec 1421,4402,4502,0920
30 Sep 1421,0332,4822,0630
30 Jun 1420,3092,3812,0000
31 Mar 1419,7342,2671,9230
31 Dec 1319,2212,1801,9050

Quality Earnings: NOV has high quality earnings.

Growing Profit Margin: NOV's current net profit margins (12%) are higher than last year (6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NOV has become profitable over the past 5 years, growing earnings by 83.3% per year.

Accelerating Growth: NOV's earnings growth over the past year (115%) exceeds its 5-year average (83.3% per year).

Earnings vs Industry: NOV earnings growth over the past year (115%) exceeded the Energy Services industry 17%.


Return on Equity

High ROE: NOV's Return on Equity (16.4%) is considered low.


Return on Assets


Return on Capital Employed


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