Last update at 2025-03-13T20:10:00Z
NOV's (NYSE:NOV) Soft Earnings Are Actually Better Than They Appear
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Tue 18 Feb 25, 08:38 AMNOV Full Year 2024 Earnings: EPS Beats Expectations
Sun 16 Feb 25, 12:14 PMThe NOV Inc. (NYSE:NOV) Annual Results Are Out And Analysts Have Published New Forecasts
Thu 06 Feb 25, 12:38 PMNOV Inc (NOV) Q4 2024 Earnings Call Highlights: Strong Financial Performance and Strategic ...
Thu 06 Feb 25, 07:11 AMWhy Nov Inc. (NOV) Went Up on Wednesday
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Wed 05 Feb 25, 08:53 AMNOV Reports Fourth Quarter and Full-Year 2024 Earnings
Tue 04 Feb 25, 10:45 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 238.00M | -230.00000M | -2779.00000M | -6462.00000M | 41.00M |
| Minority interest | 0.00000M | -5.00000M | 5.00M | 2.00M | 9.00M |
| Net income | 155.00M | -245.00000M | -2537.00000M | -6093.00000M | -31.00000M |
| Selling general administrative | 1070.00M | 908.00M | 968.00M | 1303.00M | 1233.00M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 1334.00M | 774.00M | 434.00M | 845.00M | 1444.00M |
| Reconciled depreciation | 301.00M | 306.00M | 352.00M | 533.00M | 690.00M |
| Ebit | 264.00M | -153.00000M | -534.00000M | -458.00000M | 134.00M |
| Ebitda | 598.00M | 153.00M | -452.00000M | -8.00000M | 824.00M |
| Depreciation and amortization | 334.00M | 306.00M | 82.00M | 450.00M | 690.00M |
| Non operating income net other | 52.00M | -19.00000M | -270.00000M | -83.00000M | -77.00000M |
| Operating income | 264.00M | -153.00000M | -534.00000M | -458.00000M | 211.00M |
| Other operating expenses | 6973.00M | 5658.00M | 6624.00M | 8937.00M | 8242.00M |
| Interest expense | 59.00M | 77.00M | 84.00M | 100.00M | 93.00M |
| Tax provision | 83.00M | 15.00M | -242.00000M | -369.00000M | 63.00M |
| Interest income | 9.00M | 73.00M | 7.00M | 20.00M | 25.00M |
| Net interest income | -59.00000M | -68.00000M | -77.00000M | -80.00000M | -68.00000M |
| Extraordinary items | - | - | 287.00M | - | - |
| Non recurring | - | - | 513.00M | 2209.00M | - |
| Other items | - | - | - | - | - |
| Income tax expense | 83.00M | 15.00M | -242.00000M | -369.00000M | 63.00M |
| Total revenue | 7237.00M | 5524.00M | 6090.00M | 8479.00M | 8453.00M |
| Total operating expenses | 1070.00M | 908.00M | 968.00M | 1303.00M | 1233.00M |
| Cost of revenue | 5903.00M | 4750.00M | 5656.00M | 7634.00M | 7009.00M |
| Total other income expense net | -26.00000M | -77.00000M | -2245.00000M | -6004.00000M | -102.00000M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 155.00M | -245.00000M | -2537.00000M | -6093.00000M | -22.00000M |
| Net income applicable to common shares | 155.00M | -250.00000M | -2542.00000M | -6095.00000M | -31.00000M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 10135.00M | 9550.00M | 9929.00M | 13149.00M | 19796.00M |
| Intangible assets | 490.00M | 503.00M | 527.00M | 852.00M | 3020.00M |
| Earning assets | - | - | - | - | - |
| Other current assets | 187.00M | 198.00M | 224.00M | 247.00M | 200.00M |
| Total liab | 5001.00M | 4486.00M | 4650.00M | 5303.00M | 5907.00M |
| Total stockholder equity | 5134.00M | 5064.00M | 5279.00M | 7846.00M | 13889.00M |
| Deferred long term liab | 68.00M | 66.00M | 78.00M | 140.00M | 564.00M |
| Other current liab | 987.00M | 802.00M | 914.00M | 991.00M | 1154.00M |
| Common stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Capital stock | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Retained earnings | -2069.00000M | -2146.00000M | -1876.00000M | 690.00M | 6862.00M |
| Other liab | 298.00M | 292.00M | 337.00M | 393.00M | 862.00M |
| Good will | 1505.00M | 1527.00M | 1493.00M | 3659.00M | 9284.00M |
| Other assets | 349.00M | 258.00M | 773.00M | 67.00M | 135.00M |
| Cash | 1069.00M | 1591.00M | 1692.00M | 1171.00M | 1427.00M |
| Cash and equivalents | 1069.00M | 1591.00M | 1692.00M | 1171.00M | 1427.00M |
| Total current liabilities | 2437.00M | 1910.00M | 1867.00M | 2247.00M | 2341.00M |
| Current deferred revenue | 444.00M | 392.00M | 354.00M | 427.00M | 458.00M |
| Net debt | 1297.00M | 797.00M | 864.00M | 1606.00M | 1284.00M |
| Short term debt | 100.00M | 104.00M | 110.00M | 114.00M | 7.00M |
| Short long term debt | 13.00M | 5.00M | - | - | 7.00M |
| Short long term debt total | 2366.00M | 2388.00M | 2556.00M | 2777.00M | 2711.00M |
| Other stockholder equity | 8792.00M | 8752.00M | 8660.00M | 8575.00M | 8390.00M |
| Property plant equipment | 2298.00M | 2360.00M | 1927.00M | 2354.00M | 2797.00M |
| Total current assets | 5493.00M | 4902.00M | 5209.00M | 6113.00M | 7279.00M |
| Long term investments | 117.00M | 50.00M | 51.00M | 282.00M | 301.00M |
| Net tangible assets | 3101.00M | 3034.00M | 3190.00M | 4119.00M | 4535.00M |
| Short term investments | - | - | 51.00M | 8.00M | 4.00M |
| Net receivables | 2424.00M | 1782.00M | 1885.00M | 2498.00M | 2666.00M |
| Long term debt | 1717.00M | 1708.00M | 1834.00M | 1989.00M | 2704.00M |
| Inventory | 1813.00M | 1331.00M | 1408.00M | 2197.00M | 2986.00M |
| Accounts payable | 906.00M | 612.00M | 489.00M | 715.00M | 722.00M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | 38.00M | 67.00M | 69.00M | 68.00M | 70.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -1593.00000M | -1546.00000M | -1509.00000M | -1423.00000M | -1437.00000M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | 4.00M | 4.00M | 4.00M | 4.00M | 4.00M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | -2069.00000M | -2146.00000M | -1876.00000M | 690.00M | 6862.00M |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 164.00M | 258.00M | 207.00M | 349.00M | 124.00M |
| Deferred long term asset charges | - | - | - | - | 11.00M |
| Non current assets total | 4642.00M | 4648.00M | 4720.00M | 7036.00M | 12517.00M |
| Capital lease obligations | 636.00M | 675.00M | 722.00M | 788.00M | - |
| Long term debt total | 1717.00M | 1708.00M | 1834.00M | 1989.00M | 2704.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -238.00000M | -196.00000M | -144.00000M | -315.00000M | -457.00000M |
| Change to liabilities | 395.00M | -7.00000M | -327.00000M | -238.00000M | -5.00000M |
| Total cashflows from investing activities | -238.00000M | -196.00000M | -144.00000M | -315.00000M | -457.00000M |
| Net borrowings | 16.00M | -123.00000M | -189.00000M | -525.00000M | -8.00000M |
| Total cash from financing activities | -96.00000M | -189.00000M | -259.00000M | -647.00000M | -30.00000M |
| Change to operating activities | 35.00M | 230.00M | 1220.00M | -196.00000M | -211.00000M |
| Net income | 155.00M | -245.00000M | -2537.00000M | -6093.00000M | -22.00000M |
| Change in cash | -522.00000M | -101.00000M | 521.00M | -256.00000M | -10.00000M |
| Begin period cash flow | 1591.00M | 1692.00M | 1171.00M | 1427.00M | 1437.00M |
| End period cash flow | 1069.00M | 1591.00M | 1692.00M | 1171.00M | 1427.00M |
| Total cash from operating activities | -179.00000M | 291.00M | 926.00M | 714.00M | 521.00M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 301.00M | 306.00M | 352.00M | 533.00M | 690.00M |
| Other cashflows from investing activities | -24.00000M | 57.00M | 82.00M | -82.00000M | -213.00000M |
| Dividends paid | -78.00000M | -20.00000M | -19.00000M | -77.00000M | 76.00M |
| Change to inventory | -480.00000M | 17.00M | 429.00M | 104.00M | -7.00000M |
| Change to account receivables | -440.00000M | -52.00000M | 574.00M | 275.00M | -72.00000M |
| Sale purchase of stock | - | - | - | -13.00000M | 54.00M |
| Other cashflows from financing activities | -14.00000M | 14.00M | -23.00000M | 430.00M | 54.00M |
| Change to netincome | 15.00M | 5.00M | 837.00M | 1968.00M | 43.00M |
| Capital expenditures | 214.00M | 201.00M | 226.00M | 233.00M | 244.00M |
| Change receivables | -440.00000M | -52.00000M | 574.00M | 275.00M | -72.00000M |
| Cash flows other operating | -125.00000M | 155.00M | 1598.00M | 4165.00M | -106.00000M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | -513.00000M | -94.00000M | 523.00M | -248.00000M | 34.00M |
| Change in working capital | -762.00000M | 230.00M | 1220.00M | 6274.00M | -147.00000M |
| Stock based compensation | 67.00M | 78.00M | 105.00M | 130.00M | 110.00M |
| Other non cash items | 62.00M | -89.00000M | 1851.00M | 296.00M | -47.00000M |
| Free cash flow | -393.00000M | 90.00M | 700.00M | 481.00M | 277.00M |
Sector: Energy Industry: Oil & Gas Equipment & Services
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NOV NOV Inc. |
-0.11 0.78% | 13.99 | 16.23 | 12.09 | 0.96 | 1.45 | 1.18 | 9.80 |
| SLB Schlumberger NV |
-0.12 0.30% | 39.93 | 14.01 | 12.05 | 1.70 | 2.86 | 1.94 | 8.58 |
| BKR Baker Hughes Co |
-0.74 1.74% | 41.74 | 18.11 | 16.45 | 1.30 | 2.15 | 1.43 | 9.19 |
| HAL Halliburton Company |
-0.37 1.50% | 24.34 | 12.44 | 10.36 | 1.42 | 3.54 | 1.72 | 8.38 |
| TS Tenaris SA ADR |
-0.15 0.40% | 36.96 | 5.88 | 7.97 | 1.37 | 1.24 | 1.19 | 3.33 |
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company also offers equipment and technologies for hydraulic fracture stimulation, including downhole multistage fracturing tools, pressure pumping trucks, blenders, sanders, hydration and injection units, flowline, and manifolds; coiled tubing units, and wireline units and tools; connections and liner hangers; onshore production consists of composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and offshore production, such as floating production systems and subsea production technologies, as well as manufactures industrial pumps and mixers. In addition, it provides substructures, derricks, and masts; cranes; jacking systems; pipe lifting, racking, rotating, and assembly systems; mud pumps; pressure control equipment; drives and generators; rig instrumentation and control systems; mooring, anchor, and deck handling machinery; equipment components for offshore wind construction vessels; and pipelay and construction systems. Further, the company offers spare parts, repair, and rentals as well as comprehensive remote equipment monitoring, technical support, field service, and customer training. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.
7909 Parkwood Circle Drive, Houston, TX, United States, 77036-6565
| Name | Title | Year Born |
|---|---|---|
| Mr. Clay C. Williams | Chairman, Pres & CEO | 1963 |
| Mr. Jose A. Bayardo | Sr. VP & CFO | 1972 |
| Mr. Kirk M. Shelton | Pres of Completion & Production Solutions | 1958 |
| Mr. Joseph W. Rovig | Pres of Rig Technologies | 1961 |
| Mr. Isaac H. Joseph | Pres of Wellbore Technologies | 1957 |
| Ms. Christy H. Novak | VP, Corp. Controller & Chief Accounting Officer | 1973 |
| Mr. David Reid | Chief Marketing Officer & CTO | NA |
| Mr. Alex Philips | Chief Information Officer | NA |
| Ms. Bonnie Houston | Chief Admin. Officer | NA |
| Mr. Blake McCarthy | VP of Corp. Devel. & Investor Relations | NA |
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