NOV Inc.
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NOV Q1 2026 request
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 2,052 | 2,103 | -2.4% |
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| Energy Equipment [Member] · Aftermarket [Member] | 433 | 491 | -11.8% |
| Energy Equipment [Member] · Capital Equipment [Member] | 746 | 641 | +16.4% |
| Energy Equipment [Member] · Continental [Member] | 11 | 14 | -21.4% |
| Energy Equipment [Member] · International [Member] | 942 | 871 | +8.2% |
| Energy Equipment [Member] · Intersegment Revenue [Member] | 11 | 14 | -21.4% |
| Energy Equipment [Member] · Land and Offshore [Member] | 11 | 14 | -21.4% |
| Energy Equipment [Member] · Land Destination [Member] | 348 | 401 | -13.2% |
| Energy Equipment [Member] · North America | 237 | 261 | -9.2% |
| Energy Equipment [Member] · Offshore Destination [Member] | 831 | 731 | +13.7% |
| Energy Equipment [Member] · Operating Segments | 1,190 | 1,146 | +3.8% |
| Energy Products and Services [Member] · Capital Equipment [Member] | 252 | 288 | -12.5% |
| Energy Products and Services [Member] · Continental [Member] | 24 | 21 | +14.3% |
| Energy Products and Services [Member] · International [Member] | 355 | 420 | -15.5% |
| Energy Products and Services [Member] · Intersegment Revenue [Member] | 24 | 21 | +14.3% |
| Energy Products and Services [Member] · Land and Offshore [Member] | 24 | 21 | +14.3% |
| Energy Products and Services [Member] · Land Destination [Member] | 673 | 755 | -10.9% |
| Energy Products and Services [Member] · North America | 518 | 551 | -6.0% |
| Energy Products and Services [Member] · Offshore Destination [Member] | 200 | 216 | -7.4% |
| Energy Products and Services [Member] · Operating Segments | 897 | 992 | -9.6% |
| Energy Products and Services [Member] · Product Sales [Member] | 148 | 176 | -15.9% |
| Energy Products and Services [Member] · Services and Rental [Member] | 473 | 507 | -6.7% |
Show Geography breakouts |
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| International [Member] · Continental [Member] | 1,297 | 1,291 | +0.5% |
| Land Destination [Member] · Land and Offshore [Member] | 1,021 | 1,156 | -11.7% |
| North America · Continental [Member] | 755 | 812 | -7.0% |
| Offshore Destination [Member] · Land and Offshore [Member] | 1,031 | 947 | +8.9% |
Show Subsegments breakouts |
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| Continental [Member] · Intersegment Elimination | -35 | -35 | 0.0% |
| Land and Offshore [Member] · Intersegment Elimination | -35 | -35 | 0.0% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | -35 | -35 | 0.0% |
| Cost of Revenue | 1,673 | 1,656 | +1.0% |
| Gross Profit | 379 | 447 | -15.2% |
| Selling, General & Administrative | 332 | 295 | +12.5% |
| Operating Income | 47 | 152 | -69.1% |
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| Energy Equipment [Member] · Operating Segments | 93 | 134 | -30.6% |
| Energy Products and Services [Member] · Operating Segments | 26 | 83 | -68.7% |
| Interest Expense | -22 | -22 | 0.0% |
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| Intersegment Elimination | -22 | -22 | 0.0% |
| Interest Income | 11 | 11 | 0.0% |
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| Intersegment Elimination | 11 | 11 | 0.0% |
| Income Loss From Equity Method Investments | -3 | — | — |
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| Energy Equipment [Member] · Operating Segments | 2 | 4 | -50.0% |
| Energy Products and Services [Member] · Operating Segments | -5 | -4 | -25.0% |
| Other Non-Operating Income (Expense) | 2 | -20 | +110.0% |
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| Intersegment Elimination | 2 | -20 | +110.0% |
| Income Before Taxes | 35 | 121 | -71.1% |
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| Energy Equipment [Member] · Operating Segments | 95 | 138 | -31.2% |
| Energy Products and Services [Member] · Operating Segments | 21 | 79 | -73.4% |
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| Intersegment Elimination | -81 | -96 | +15.6% |
| Income Tax Expense (Benefit) | 15 | 47 | -68.1% |
| Net Income | 20 | 74 | -73.0% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 1 | 1 | 0.0% |
| Parent | 19 | 73 | -74.0% |
| Retained Earnings | 19 | 73 | -74.0% |
| Net Income Loss Attributable To Noncontrolling Interest | 1 | 1 | 0.0% |
| Net Income | 19 | 73 | -74.0% |
| EPS (Basic) | 0.05 | 0.19 | -73.7% |
| EPS (Diluted) | 0.05 | 0.19 | -73.7% |
| Common Stock Dividends Per Share Cash Paid | 0.09 | 0.07 | +20.0% |
| Wtd Avg Shares (Basic) | 361 | 381 | -5.2% |
| Wtd Avg Shares (Diluted) | 364 | 383 | -5.0% |
| Operating Expenses (Q) | — | — | — |
Show Business Segments breakouts |
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| Energy Equipment [Member] · Operating Segments | 1,088 | 1,009 | +7.8% |
| Energy Products and Services [Member] · Operating Segments | 863 | 904 | -4.5% |
| Comprehensive Income | 21 | 171 | -87.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,342 | 1,157 | +16.0% |
| Receivables Net Current | 1,664 | 1,790 | -7.0% |
| Inventory | 1,874 | 1,942 | -3.5% |
| Contract With Customer Asset Net Current | 634 | 680 | -6.8% |
| Prepaid Expenses & Other Current Assets | 207 | 215 | -3.7% |
| Total Current Assets | 5,721 | 5,784 | -1.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 2,017 | 1,953 | +3.3% |
| Operating Lease Right-of-Use Assets | 321 | 345 | -7.0% |
| Deferred Tax Assets | 347 | 388 | -10.6% |
| Goodwill | 1,583 | 1,621 | -2.3% |
Show Business Segments breakouts |
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| Energy Equipment [Member] · Operating Segments | 777 | 816 | -4.8% |
| Energy Products and Services [Member] · Operating Segments | 806 | 805 | +0.1% |
| Other Non-Current Assets | 364 | 324 | +12.3% |
| Total Assets | 11,143 | 11,273 | -1.2% |
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| Energy Equipment [Member] · Operating Segments | 4,847 | 4,874 | -0.6% |
| Energy Products and Services [Member] · Operating Segments | 4,754 | 5,072 | -6.3% |
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| Intersegment Elimination | 1,542 | 1,327 | +16.2% |
| Other Assets | |||
| Finance Lease Right Of Use Asset | 183 | 195 | -6.2% |
| Intangible Assets Net Excluding Goodwill | 442 | 506 | -12.6% |
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| Energy Equipment [Member] · Operating Segments | 129 | 131 | -1.5% |
| Energy Products and Services [Member] · Operating Segments | 313 | 375 | -16.5% |
| Equity Method Investments | 165 | 157 | +5.1% |
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| Energy Equipment [Member] · Operating Segments | 7 | 8 | -12.5% |
| Energy Products and Services [Member] · Operating Segments | 153 | 149 | +2.7% |
Show Consolidation Items breakouts |
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| Intersegment Elimination | 5 | — | — |
| Current Liabilities | |||
| Accounts Payable | 852 | 796 | +7.0% |
| Accrued Liabilities | 728 | 685 | +6.3% |
| Deferred Revenue (Current) | 575 | 520 | +10.6% |
| Lease Liabilities Current | 100 | 102 | -2.0% |
| Current Portion of Long-Term Debt | 27 | 38 | -28.9% |
| Accrued Income Taxes Current | 34 | 41 | -17.1% |
| Total Current Liabilities | 2,316 | 2,182 | +6.1% |
| Lease Liabilities Non Current | 524 | 534 | -1.9% |
| Non-Current Liabilities | |||
| Long-Term Debt | 1,688 | 1,699 | -0.6% |
| Deferred Tax Liabilities | 86 | 64 | +34.4% |
| Other Non-Current Liabilities | 261 | 300 | -13.0% |
| Total Liabilities | 4,875 | 4,779 | +2.0% |
| Long-Term Debt | 1,715 | 1,737 | -1.3% |
| Operating Lease Liabilities | 295 | 293 | +0.7% |
| Stockholders' Equity | |||
| Common Stock | 4 | 4 | 0.0% |
| Additional Paid In Capital Common Stock | 8,317 | 8,546 | -2.7% |
| Accumulated Other Comprehensive Income | -1,422 | -1,527 | +6.9% |
| Retained Earnings | -687 | -583 | -17.8% |
| Total Stockholders' Equity | 6,212 | 6,440 | -3.5% |
| Minority Interest | 56 | 54 | +3.7% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 6,268 | 6,494 | -3.5% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -50 | -46 | -8.7% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 1 | -1 | +200.0% |
| Accumulated Other Comprehensive Income | -1,422 | -1,527 | +6.9% |
| Accumulated Translation Adjustment | -1,373 | -1,480 | +7.2% |
| Additional Paid In Capital | 8,317 | 8,546 | -2.7% |
| Common Stock | 4 | 4 | 0.0% |
| Noncontrolling Interest | 56 | 54 | +3.7% |
| Parent | 6,212 | 6,440 | -3.5% |
| Retained Earnings | -687 | -583 | -17.8% |
| Total Liabilities & Equity | 11,143 | 11,273 | -1.2% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation And Amortization | 92 | 89 | +3.4% |
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| Energy Equipment [Member] · Operating Segments | 29 | 28 | +3.6% |
| Energy Products and Services [Member] · Operating Segments | 61 | 59 | +3.4% |
| Deferred Income Taxes And Tax Credits | 4 | 37 | -89.2% |
| Stock-Based Compensation | 26 | 16 | +62.5% |
| Other Non-Cash Items | 21 | 13 | +61.5% |
| Change in Accounts Receivable | 38 | 142 | -73.2% |
| Change in Inventory | -91 | -21 | -333.3% |
| Increase Decrease In Contract With Customer Asset | -37 | -103 | +64.1% |
| Change in Prepaid & Other Assets | -35 | -3 | -1066.7% |
| Change in Accounts Payable | 22 | -41 | +153.7% |
| Increase Decrease In Accrued Liabilities | -106 | -165 | +35.8% |
| Change in Deferred Revenue | 10 | 28 | -64.3% |
| Increase Decrease In Accrued Income Taxes Payable | -22 | 23 | -195.7% |
| Increase Decrease In Other Operating Capital Net | 32 | 46 | -30.4% |
| Net Cash from Operations | -26 | 135 | -119.3% |
| Investing Activities | |||
| Capital Expenditures | -65 | -84 | +22.6% |
| Other Investing Activities | 1 | 3 | -66.7% |
| Net Cash from Investing | -64 | -81 | +21.0% |
| Financing Activities | |||
| Repayments Of Long Term Debt | -4 | -4 | 0.0% |
| Payments Of Dividends Common Stock | -33 | -28 | -17.9% |
| Share Repurchases | -67 | -81 | +17.3% |
Show Equity Components breakouts |
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| Common Stock | -67 | -81 | +17.3% |
| Finance Lease Principal Payments | -8 | -7 | -14.3% |
| Proceeds From Payments For Other Financing Activities | -3 | -15 | +80.0% |
| Net Cash from Financing | -115 | -135 | +14.8% |
| Supplemental | |||
| Interest Paid | 4 | 4 | 0.0% |
| Income Taxes Paid | 29 | 15 | +93.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -5 | 8 | -162.5% |
| Net Change in Cash | -210 | -73 | -187.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,342 | 1,157 | +16.0% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.