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Earnings transcript
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NOV
NOV Inc.
$21.33
0.51
(2.45%)
| Exchange: | NYSE |
| Market Cap: | 7.655B |
| Shares Outstanding: | 81.333M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Equipment & Services | |||||
| CEO: | Jose A. Bayardo | |||||
| Full Time Employees: | 34010 | |||||
| Address: |
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| Website: | https://www.nov.com |
NOV Inc. is a global leader in designing, manufacturing, and marketing essential systems, components, and products for the oil and gas drilling and production industries, as well as for industrial and renewable energy sectors worldwide. The company’s operations are divided into three core segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. The Wellbore Technologies segment provides a range of offerings including solids control and waste management equipment, portable power generation units, drill and wired pipes, advanced drilling optimization and automation services, and comprehensive tubular inspection, repair, and coating services. This segment also supplies instrumentation, measuring and monitoring tools, downhole and fishing tools, steerable drilling technologies, and drill bits. The Completion & Production Solutions segment specializes in equipment and technologies for hydraulic fracture stimulation, encompassing downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowlines, and manifolds. They also offer coiled tubing units, wireline units and tools, and various connections and liner hangers. For onshore production, solutions include composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems. Offshore production is supported by floating production systems and subsea production technologies. Additionally, this segment manufactures industrial pumps and mixers. The Rig Technologies segment focuses on drilling rig infrastructure and machinery. This includes substructures, derricks, masts, cranes, jacking systems, and sophisticated pipe lifting, racking, rotating, and assembly systems. They also supply mud pumps, pressure control equipment, drives and generators, and integrated rig instrumentation and control systems. Furthermore, this segment provides mooring, anchor, and deck handling machinery, specialized equipment components for offshore wind construction vessels, and complete pipelay and construction systems. Beyond product sales, NOV Inc. offers vital after-sales support, such as spare parts, repair services, and rental options. Their comprehensive service portfolio includes remote equipment monitoring, expert technical support, on-site field service, and extensive customer training programs. Founded in 1862 and based in Houston, Texas, the company was formerly known as National Oilwell Varco, Inc. before officially changing its name to NOV Inc. in January 2021.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 8,583,000 | 8,870,000 | 8,744,000 |
| Gross Profit | 1,833,000 | 2,010,000 | 1,767,000 |
| EBITDA | 1,002,000 | 1,265,000 | 818,000 |
| Operating Income | 651,000 | 876,000 | 564,000 |
| Net Income | 993,000 | 635,000 | 145,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 11,294,000 | 11,361,000 | 11,291,000 |
| Total Liabilities | 5,052,000 | 4,933,000 | 4,969,000 |
| Total Stockholders Equity | 6,168,000 | 6,376,000 | 6,322,000 |
| Total Debt | 2,377,000 | 2,386,000 | 2,861,000 |
| Cash and Cash Equivalents | 816,000 | 1,230,000 | 1,552,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 143,000 | 1,304,000 | 1,239,000 |
| Capital Expenditure | -283,000 | -351,000 | -375,000 |
| Free Cash Flow | -140,000 | 953,000 | 864,000 |
| Net Income | 993,000 | 635,000 | 145,000 |
| Net Change in Cash | -253,000 | 414,000 | 322,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 9,088,603.723 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 9,930,675.535 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 9,572,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,652,907.917 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,806,052.141 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,740,821.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 644,700.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 723,611.251 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 690,000.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,300,335.212 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,420,813.083 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,369,496.243 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.930 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.720 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: NOV has demonstrated consistent revenue generation as per the latest income statements, reflecting a strong operational base within the energy equipment and services sector. This is supported by diversified revenue streams across product categories and geographic segments.
- Solid Financial Position: The balance sheet indicates a healthy level of cash and cash equivalents alongside manageable total liabilities, suggesting financial stability. Key metrics such as current ratio (TTM) and quick ratio (TTM) further affirm liquidity strength to meet short-term obligations.
- Positive Free Cash Flow: Cash flow statements highlight a positive free cash flow (TTM), indicating the company’s ability to generate cash after funding capital expenditures. This provides flexibility for reinvestment or debt reduction.
- Industry Positioning: NOV benefits from operating in the energy sector, which shows favorable performance metrics (sector_perf1y, sector_perf5y), suggesting a supportive industry environment that enhances the company’s market standing.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates NOV intrinsic value between $32.99 – $35.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about NOV valuation
Is NOV Inc. (NOV) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for NOV Inc. (NOV) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NOV a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NOV trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NOV’s P/E ratio?
You can see NOV’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NOV?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NOV a good long-term investment?
Whether NOV fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NOV
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Daily snapshot
2.45
Trading Metrics:
| Open: | 20.83 | Previous Close: | 20.82 | |
| Day Low: | 20.77 | Day High: | 21.49 | |
| Year Low: | 11.78 | Year High: | 21.55 | |
| Price Avg 50: | 20 | Price Avg 200: | 17.02 | |
| Volume: | 899724 | Average Volume: | 4.695M |
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Login — it's freeNOV full analysis
Welcome to MARKETSNAP’s SWOT analysis for National Oilwell Varco, or NOV as you might know it on the ticker. If you’re not familiar with this name, let me give you the quick rundown. National Oilwell Varco is a major player in the oil and gas equipment and services space, operating within the energy sector. Headquartered in the U.S., they provide technology, equipment, and services to the global energy industry, with a focus on drilling, completion, and production solutions. With thousands…
