NOV (NOV) Revenue & Revenue Breakdown

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NOV Revenue Highlights

Latest Revenue (Y)

$8.74B

Latest Revenue (Q)

$2.18B

Main Segment (Y)

Product

Main Geography (Y)

Other Countries

NOV Revenue by Period

NOV Revenue by Year

Date	Revenue	Change
2025-12-31	$8.74B	-1.42%
2024-12-31	$8.87B	3.34%
2023-12-31	$8.58B	18.60%
2022-12-31	$7.24B	31.01%
2021-12-31	$5.52B	-9.29%
2020-12-31	$6.09B	-28.18%
2019-12-31	$8.48B	0.31%
2018-12-31	$8.45B	15.73%
2017-12-31	$7.30B	0.73%
2016-12-31	$7.25B	-50.86%
2015-12-31	$14.76B	-31.17%
2014-12-31	$21.44B	11.54%
2013-12-31	$19.22B	11.79%
2012-12-31	$17.19B	17.30%
2011-12-31	$14.66B	20.58%
2010-12-31	$12.16B	-4.37%
2009-12-31	$12.71B	-5.35%
2008-12-31	$13.43B	37.21%
2007-12-31	$9.79B	39.33%
2006-12-31	$7.03B	51.27%
2005-12-31	$4.64B	100.36%
2004-12-31	$2.32B	15.62%
2003-12-31	$2.00B	31.73%
2002-12-31	$1.52B	-12.90%
2001-12-31	$1.75B	51.96%
2000-12-31	$1.15B	36.95%
1999-12-31	$839.65M	-42.06%
1998-12-31	$1.45B	32.06%
1997-12-31	$1.10B	44.05%
1996-12-31	$761.80M	-

NOV generated $8.74B in revenue during NA 2025, up -1.42% compared to the previous quarter, and up 143.58% compared to the same period a year ago.

NOV Revenue by Quarter

Date	Revenue	Change
2025-09-30	$2.18B	-0.55%
2025-06-30	$2.19B	4.04%
2025-03-31	$2.10B	-8.88%
2024-12-31	$2.31B	5.34%
2024-09-30	$2.19B	-1.13%
2024-06-30	$2.22B	2.88%
2024-03-31	$2.15B	-7.87%
2023-12-31	$2.34B	7.00%
2023-09-30	$2.19B	4.40%
2023-06-30	$2.09B	6.68%
2023-03-31	$1.96B	-5.35%
2022-12-31	$2.07B	9.74%
2022-09-30	$1.89B	9.38%
2022-06-30	$1.73B	11.56%
2022-03-31	$1.55B	2.04%
2021-12-31	$1.52B	13.12%
2021-09-30	$1.34B	-5.36%
2021-06-30	$1.42B	13.45%
2021-03-31	$1.25B	-5.88%
2020-12-31	$1.33B	-4.12%
2020-09-30	$1.38B	-7.49%
2020-06-30	$1.50B	-20.55%
2020-03-31	$1.88B	-17.45%
2019-12-31	$2.28B	7.29%
2019-09-30	$2.13B	-0.28%
2019-06-30	$2.13B	9.90%
2019-03-31	$1.94B	-19.10%
2018-12-31	$2.40B	11.33%
2018-09-30	$2.15B	2.28%
2018-06-30	$2.11B	17.33%
2018-03-31	$1.79B	-8.84%
2017-12-31	$1.97B	7.30%
2017-09-30	$1.83B	4.32%
2017-06-30	$1.76B	1.03%
2017-03-31	$1.74B	2.90%
2016-12-31	$1.69B	2.79%
2016-09-30	$1.65B	-4.52%
2016-06-30	$1.72B	-21.24%
2016-03-31	$2.19B	-19.58%
2015-12-31	$2.72B	-17.66%
2015-09-30	$3.31B	-15.43%
2015-06-30	$3.91B	-18.90%
2015-03-31	$4.82B	-15.57%
2014-12-31	$5.71B	2.18%
2014-09-30	$5.59B	6.32%
2014-06-30	$5.25B	-9.04%
2014-03-31	$5.78B	-6.40%
2013-12-31	$6.17B	8.53%
2013-09-30	$5.69B	1.54%
2013-06-30	$5.60B	5.54%
2013-03-31	$5.31B	-6.65%
2012-12-31	$5.68B	6.88%
2012-09-30	$5.32B	12.36%
2012-06-30	$4.73B	10.02%
2012-03-31	$4.30B	1.03%
2011-12-31	$4.26B	13.88%
2011-09-30	$3.74B	6.46%
2011-06-30	$3.51B	11.67%
2011-03-31	$3.15B	-0.82%
2010-12-31	$3.17B	5.35%
2010-09-30	$3.01B	2.38%
2010-06-30	$2.94B	-3.00%
2010-03-31	$3.03B	-3.25%
2009-12-31	$3.13B	-

NOV generated $2.18B in revenue during Q3 2025, up -0.55% compared to the previous quarter, and up 98.19% compared to the same period a year ago.

NOV Revenue Breakdown

NOV Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Product	$5.83B	$5.83B	$5.78B	$4.87B	$3.77B
Service	$1.95B	$1.99B	$1.79B	$1.48B	$1.11B
Rental	$963.00M	$1.05B	$1.02B	$882.00M	$641.00M

NOV's latest annual revenue breakdown by segment (product or service), as of Dec 25: Product (66.64%), Service (22.35%), and Rental (11.01%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Sep 24	Jun 24	Sep 21	Jun 21	Mar 21	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Sep 18	Jun 18	Mar 18
Royalty	$19.00M	$19.00M	$17.00M	$17.00M	-	-	-	-	-	-	-	-	-	-	-	-
Completion And Production Solutions	-	-	-	-	$478.00M	$497.00M	$439.00M	$601.00M	$611.00M	$728.00M	$663.00M	$735.00M	-	-	-	-
Wellbore Technologies	-	-	-	-	$507.00M	$463.00M	$413.00M	$361.00M	$442.00M	$793.00M	$850.00M	$847.00M	$793.00M	$711.00M	-	-
Rig Technologies	-	-	-	-	$390.00M	$487.00M	$431.00M	$449.00M	$476.00M	$557.00M	$649.00M	$671.00M	$603.00M	$637.00M	$651.00M	$483.00M
Completion And Production Solutions Member	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$670.00M

NOV's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Royalty (100.00%).

NOV Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
BRAZIL	$896.00M	$605.00M	$495.00M	$316.00M	-
UNITED STATES	$3.00B	$2.98B	$2.93B	$2.60B	$1.76B
Other Countries	$3.94B	$5.89B	$2.15B	$2.15B	$1.83B
NORWAY	$907.00M	$473.00M	-	-	-
DENMARK	-	-	$160.00M	-	-
ARGENTINA	-	-	$247.00M	-	-
CHINA	-	-	$248.00M	$296.00M	$222.00M
CANADA	-	-	$324.00M	$277.00M	$207.00M
AUSTRALIA	-	-	$211.00M	-	-
SAUDI ARABIA	-	-	$729.00M	$488.00M	$316.00M
UNITED ARAB EMIRATES	-	-	$224.00M	$157.00M	$130.00M
SINGAPORE	-	-	-	$131.00M	$143.00M
Norway, Krone	-	-	-	$351.00M	-
Korea (South), Won	-	-	-	$88.00M	-
N O K	-	-	-	-	$365.00M
K R W	-	-	-	-	$32.00M

NOV's latest annual revenue breakdown by geography, as of Dec 25: Other Countries (45.09%), UNITED STATES (34.29%), NORWAY (10.37%), and BRAZIL (10.25%).

NOV Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
NOV	NOV	$8.74B	$2.18B
WFRD	Weatherford	$4.92B	$1.23B
CHRD	Chord Energy	$4.88B	$1.31B
MTDR	Matador Resources	$3.70B	$939.01M
VAL	Valaris	$2.37B	$595.70M
CNX	CNX Resources	$2.14B	$583.84M
SOBO	South Bow	$2.12B	$476.87M
FRO	Frontline	$1.80B	$578.40M
AROC	Archrock	$1.49B	$382.43M
VIST	Vista Energy	$1.17B	$317.35M
NE	Noble	-	$798.02M

NOV Revenue FAQ

What is NOV’s yearly revenue?

NOV's yearly revenue for 2025 was $8.74B, representing a decrease of -1.42% compared to 2024. The company's yearly revenue for 2024 was $8.87B, representing an increase of 3.34% compared to 2023. NOV's yearly revenue for 2023 was $8.58B, representing an increase of 18.60% compared to 2022.

What is NOV’s quarterly revenue?

NOV's quarterly revenue for Q3 2025 was $2.18B, a -0.55% decrease from the previous quarter (Q2 2025), and a -0.68% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $2.19B, a 4.04% increase from the previous quarter (Q1 2025), and a -1.26% decrease year-over-year (Q2 2024). NOV's quarterly revenue for Q1 2025 was $2.1B, a -8.88% decrease from the previous quarter (Q4 2024), and a -2.37% decrease year-over-year (Q1 2024).

What is NOV’s revenue growth rate?

NOV's revenue growth rate for the last 3 years (2023-2025) was 1.88%, and for the last 5 years (2021-2025) was 58.29%.

What are NOV’s revenue streams?

NOV's revenue streams in c 25 are Product, Service, and Rental. Product generated $5.83B in revenue, accounting 66.64% of the company's total revenue, down -0.05% year-over-year. Service generated $1.95B in revenue, accounting 22.35% of the company's total revenue, down -1.86% year-over-year. Rental generated $963M in revenue, accounting 11.01% of the company's total revenue, down -8.20% year-over-year.

What is NOV’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of NOV was Product. This segment made a revenue of $5.83B, representing 66.64% of the company's total revenue.