NOV Inc (NOV) financial statements: income statement, balance sheet and cash flow

NOV Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), NOV Inc reported revenue of $8.7B (-1.4% year on year) and net income of $151.0M (-76.2% year on year).

Income statement

NOV Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$8.7B	$8.9B	$8.6B	$7.2B
Cost of revenue	$7.0B	$6.9B	$6.8B	$5.9B
Gross profit	$1.8B	$2.0B	$1.8B	$1.3B
Selling, general and administrative	$1.2B	$1.1B	$1.2B	$1.1B
Goodwill and long-lived asset impairment	$70.0M	—	—	—
Operating profit	$494.0M	$876.0M	$651.0M	$264.0M
Interest and financial costs	($88.0M)	($91.0M)	($88.0M)	($78.0M)
Interest income	$51.0M	$38.0M	$28.0M	$19.0M
Equity income (loss) in unconsolidated affiliates	($16.0M)	$36.0M	$119.0M	$68.0M
Other expense, net	($66.0M)	($28.0M)	($98.0M)	($35.0M)
Income before income taxes	$375.0M	$831.0M	$612.0M	$238.0M
Provision (benefit) for income taxes	$224.0M	$196.0M	($373.0M)	$83.0M
Net income	$151.0M	$635.0M	$985.0M	$155.0M
Net income (loss) attributable to noncontrolling interests	$6.0M	$0	($8.0M)	—
Net income attributable to Company	$145.0M	$635.0M	$993.0M	$155.0M
Basic	$0.39	$1.62	$2.53	$0.40
Diluted	$0.39	$1.60	$2.50	$0.39
Cash dividends per share	$0.51	$0.28	$0.20	$0.20
Basic	372.0M	392.0M	393.0M	390.0M
Diluted	375.0M	396.0M	397.0M	394.0M

NOV Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenue	$2.1B	$2.1B	$2.2B	$2.2B
Cost of revenue	$1.6B	$1.7B	$1.8B	$1.7B
Gross profit	$521.0M	$379.0M	$412.0M	$446.0M
Selling, general and administrative	$328.0M	$332.0M	$305.0M	$303.0M
Operating profit	$193.0M	$47.0M	$107.0M	$143.0M
Interest and financial costs	($21.0M)	($22.0M)	($22.0M)	($22.0M)
Interest income	$8.0M	$11.0M	$11.0M	$10.0M
Equity income (loss) in unconsolidated affiliates	($5.0M)	($3.0M)	($11.0M)	$1.0M
Other expense, net	($18.0M)	$2.0M	($12.0M)	($17.0M)
Net income before income taxes	$157.0M	$35.0M	$73.0M	$115.0M
Provision for income taxes	$41.0M	$15.0M	$29.0M	$1.0M
Net income	$116.0M	$20.0M	$44.0M	$114.0M
Net income attributable to noncontrolling interests	$4.0M	$1.0M	$2.0M	$6.0M
Net income attributable to Company	$112.0M	$19.0M	$42.0M	$108.0M
Basic	$0.31	$0.05	$0.11	$0.29
Diluted	$0.31	$0.05	$0.11	$0.29
Cash dividends per share	$0.18	$0.09	$0.07	$0.28
Basic	359.0M	361.0M	370.0M	375.0M
Diluted	362.0M	364.0M	371.0M	376.0M

Balance sheet

NOV Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.6B	$1.2B	$816.0M	$1.1B
Receivables, net	$1.7B	$1.8B	$1.9B	$1.7B
Inventories, net	$1.8B	$1.9B	$2.2B	$1.8B
Contract assets	$596.0M	$577.0M	$739.0M	$685.0M
Prepaid and other current assets	$172.0M	$212.0M	$229.0M	$187.0M
Total current assets	$5.8B	$5.8B	$5.8B	$5.5B
Property, plant and equipment, net	$2.0B	$1.9B	$1.9B	$1.8B
Lease right-of-use assets, operating	$315.0M	$353.0M	$372.0M	$346.0M
Lease right-of-use assets, financing	$187.0M	$196.0M	$172.0M	$171.0M
Deferred income taxes	$358.0M	$413.0M	$488.0M	—
Goodwill	$1.6B	$1.6B	$1.6B	$1.5B
Intangibles, net	$455.0M	$508.0M	$450.0M	$490.0M
Investment in unconsolidated affiliates	$163.0M	$163.0M	$211.0M	$117.0M
Other assets	$361.0M	$406.0M	$334.0M	$232.0M
Total assets	$11.3B	$11.4B	$11.3B	$10.1B
Accounts payable	$831.0M	$837.0M	$904.0M	$906.0M
Accrued liabilities	$822.0M	$861.0M	$870.0M	$959.0M
Contract liabilities	$565.0M	$492.0M	$532.0M	$444.0M
Current portion of lease liabilities	$101.0M	$102.0M	$94.0M	$87.0M
Current portion of long-term debt	$30.0M	$37.0M	$13.0M	$13.0M
Accrued income taxes	$57.0M	$18.0M	$22.0M	$28.0M
Total current liabilities	$2.4B	$2.3B	$2.4B	$2.4B
Long-term debt	$1.7B	$1.7B	$1.7B	$1.7B
Lease liabilities	$521.0M	$544.0M	$558.0M	$549.0M
Deferred income taxes	$93.0M	$56.0M	$70.0M	$68.0M
Other liabilities	$261.0M	$283.0M	$277.0M	$230.0M
Total liabilities	$5.0B	$4.9B	$5.1B	$5.0B
Common stock - par value $.01; 1 billion shares authorized; 360,803,354 and 381,549,541 shares issued and outstanding at December 31, 2025 and December 31, 2024	4.0M	4.0M	4.0M	4.0M
Additional paid-in capital	$8.4B	$8.6B	$8.8B	$8.8B
Accumulated other comprehensive loss	($1.4B)	($1.6B)	($1.5B)	($1.6B)
Retained deficit	($673.0M)	($628.0M)	($1.2B)	($2.1B)
Total Company stockholders' equity	$6.3B	$6.4B	$6.2B	$5.1B
Noncontrolling interests	$54.0M	$52.0M	$74.0M	$38.0M
Total stockholders’ equity	$6.3B	$6.4B	$6.2B	$5.1B
Total liabilities and stockholders’ equity	$11.3B	$11.4B	$11.3B	$10.1B

NOV Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$1.2B	$1.3B	$1.2B	$1.1B
Receivables, net	$1.8B	$1.7B	$1.9B	$1.9B
Inventories, net	$1.9B	$1.9B	$1.9B	$1.9B
Contract assets	$666.0M	$634.0M	$576.0M	$655.0M
Prepaid and other current assets	$199.0M	$207.0M	$222.0M	$215.0M
Total current assets	$5.8B	$5.7B	$5.8B	$5.8B
Property, plant and equipment, net	$2.0B	$2.0B	$2.0B	$2.0B
Lease right-of-use assets, operating	$320.0M	$321.0M	$340.0M	$346.0M
Lease right-of-use assets, financing	$180.0M	$183.0M	$192.0M	$195.0M
Deferred income taxes	$342.0M	$347.0M	$389.0M	$415.0M
Goodwill	$1.6B	$1.6B	$1.6B	$1.6B
Intangibles, net	$438.0M	$442.0M	$466.0M	$496.0M
Investment in unconsolidated affiliates	$159.0M	$165.0M	$173.0M	$178.0M
Other assets	$371.0M	$364.0M	$368.0M	$339.0M
Total assets	$11.2B	$11.1B	$11.3B	$11.4B
Accounts payable	$858.0M	$852.0M	$798.0M	$823.0M
Accrued liabilities	$781.0M	$728.0M	$760.0M	$742.0M
Contract liabilities	$596.0M	$575.0M	$564.0M	$513.0M
Current portion of lease liabilities	$100.0M	$100.0M	$101.0M	$103.0M
Current portion of long-term debt	$14.0M	$27.0M	$34.0M	$38.0M
Accrued income taxes	$41.0M	$34.0M	$7.0M	$20.0M
Total current liabilities	$2.4B	$2.3B	$2.3B	$2.2B
Long-term debt	$1.7B	$1.7B	$1.7B	$1.7B
Lease liabilities	$520.0M	$524.0M	$528.0M	$540.0M
Deferred income taxes	$83.0M	$86.0M	$74.0M	$71.0M
Other liabilities	$253.0M	$261.0M	$268.0M	$265.0M
Total liabilities	$4.9B	$4.9B	$4.8B	$4.8B
Common stock - par value $.01; 1 billion shares authorized; 357,299,308 and 360,803,354 shares issued and outstanding at June 30, 2026 and December 31, 2025	4.0M	4.0M	4.0M	4.0M
Additional paid-in capital	$8.3B	$8.3B	$8.4B	$8.5B
Accumulated other comprehensive loss	($1.4B)	($1.4B)	($1.4B)	($1.4B)
Retained deficit	($639.0M)	($687.0M)	($568.0M)	($582.0M)
Total Company stockholders' equity	$6.2B	$6.2B	$6.5B	$6.5B
Noncontrolling interests	$56.0M	$56.0M	$57.0M	$54.0M
Total stockholders’ equity	$6.3B	$6.3B	$6.5B	$6.6B
Total liabilities and stockholders’ equity	$11.2B	$11.1B	$11.3B	$11.4B

Cash flow statement

NOV Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$151.0M	$635.0M	$985.0M	$155.0M
Depreciation and amortization	$355.0M	$343.0M	$302.0M	$301.0M
Goodwill and long-lived asset impairment	$70.0M	—	—	—
Deferred income taxes	$93.0M	$49.0M	($489.0M)	($2.0M)
Stock-based compensation	$67.0M	$70.0M	$66.0M	$67.0M
Equity (income) loss in unconsolidated affiliates	$16.0M	($36.0M)	($119.0M)	($68.0M)
Dividend from unconsolidated affiliate	$2.0M	$84.0M	—	—
Other, net	$88.0M	$43.0M	($50.0M)	$18.0M
Receivables	$222.0M	$93.0M	($269.0M)	($440.0M)
Inventories	$97.0M	$270.0M	($361.0M)	($480.0M)
Contract assets	($19.0M)	$162.0M	($55.0M)	($220.0M)
Prepaid and other current assets	$41.0M	$17.0M	($40.0M)	$6.0M
Accounts payable	($6.0M)	($87.0M)	($4.0M)	$289.0M
Accrued liabilities	($48.0M)	($51.0M)	($116.0M)	$101.0M
Contract liabilities	$73.0M	($42.0M)	$82.0M	$52.0M
Income taxes payable	$39.0M	($5.0M)	($6.0M)	$5.0M
Other assets/liabilities, net	$10.0M	($142.0M)	$185.0M	($72.0M)
Net cash provided by operating activities	$1.3B	$1.3B	$143.0M	($179.0M)
Purchases of property, plant and equipment	($375.0M)	($351.0M)	($283.0M)	($214.0M)
Business acquisitions, net of cash acquired	$0	($298.0M)	($22.0M)	($49.0M)
Other, net	$13.0M	$2.0M	$12.0M	$25.0M
Net cash used in investing activities	($362.0M)	($471.0M)	($293.0M)	($238.0M)
Borrowings against lines of credit and other debt	$3.0M	$420.0M	$2.0M	$20.0M
Payments against lines of credit and other debt	($26.0M)	($431.0M)	($10.0M)	($4.0M)
Financing leases	($28.0M)	($28.0M)	($23.0M)	($24.0M)
Cash dividends paid	($190.0M)	($108.0M)	($79.0M)	($78.0M)
Share repurchases	($315.0M)	($229.0M)	—	—
Other	($28.0M)	($30.0M)	$7.0M	($10.0M)
Net cash used in financing activities	($584.0M)	($406.0M)	($103.0M)	($96.0M)
Effect of exchange rates on cash	$17.0M	($13.0M)	—	($9.0M)
Increase (decrease) in cash and cash equivalents	$322.0M	$414.0M	($253.0M)	($522.0M)
Cash and cash equivalents, beginning of period	$1.2B	$816.0M	$1.1B	$1.6B
Cash and cash equivalents, end of period	$1.6B	$1.2B	$816.0M	$1.1B
Interest	$85.0M	$86.0M	$85.0M	$75.0M
Income taxes	$106.0M	$161.0M	$114.0M	$117.0M

NOV Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$136.0M	$20.0M	$232.0M	$188.0M
Depreciation and amortization	$185.0M	$92.0M	$265.0M	$176.0M
Deferred income taxes	$5.0M	$4.0M	$39.0M	$14.0M
Stock-based compensation	$41.0M	$26.0M	$50.0M	$33.0M
Other, net	$3.0M	$21.0M	$88.0M	$51.0M
Receivables	($111.0M)	$38.0M	$54.0M	$24.0M
Inventories	($170.0M)	($91.0M)	$23.0M	($18.0M)
Contract assets	($70.0M)	($37.0M)	$1.0M	($78.0M)
Prepaid and other current assets	($27.0M)	($35.0M)	($9.0M)	($3.0M)
Accounts payable	$27.0M	$22.0M	($39.0M)	($14.0M)
Accrued liabilities	($60.0M)	($106.0M)	($108.0M)	($120.0M)
Contract liabilities	$31.0M	$10.0M	$73.0M	$21.0M
Income taxes payable	($15.0M)	($22.0M)	($10.0M)	$2.0M
Other assets/liabilities, net	$16.0M	$32.0M	$8.0M	$51.0M
Net cash provided by (used in) operating activities	($9.0M)	($26.0M)	$678.0M	$326.0M
Purchases of property, plant and equipment	($146.0M)	($65.0M)	($274.0M)	($167.0M)
Business acquisitions, net of cash acquired	($13.0M)	—	—	—
Proceeds from sales of fixed assets	$45.0M	—	—	—
Net cash used in investing activities	($114.0M)	($64.0M)	($266.0M)	($162.0M)
Payments against lines of credit and other debt	($13.0M)	($4.0M)	($17.0M)	($13.0M)
Cash dividends paid	($97.0M)	($33.0M)	($163.0M)	($135.0M)
Share repurchases	($130.0M)	($67.0M)	($230.0M)	($150.0M)
Financing leases	($16.0M)	($8.0M)	($20.0M)	($14.0M)
Other	($7.0M)	$1.0M	$8.0M	$5.0M
Net cash used in financing activities	($263.0M)	($115.0M)	($451.0M)	($333.0M)
Effect of exchange rates on cash	($2.0M)	($5.0M)	$16.0M	$19.0M
Decrease in cash and cash equivalents	($388.0M)	($210.0M)	($23.0M)	($150.0M)
Cash and cash equivalents, beginning of period	$1.6B	$1.6B	$1.2B	$1.2B
Cash and cash equivalents, end of period	$1.2B	$1.3B	$1.2B	$1.1B
Interest	$40.0M	$4.0M	$47.0M	$42.0M
Income taxes	$79.0M	$29.0M	$179.0M	$86.0M

NOV Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.