NOV (NOV) Revenue & Revenue Breakdown

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NOV Revenue Highlights

Latest Revenue (Y)

$8.87B

Latest Revenue (Q)

$2.19B

Main Segment (Y)

Product

Main Geography (Y)

Other Countries

NOV Revenue by Period

NOV Revenue by Year

Date	Revenue	Change
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	-5.83%
2013-12-31	$22.77B	13.60%
2012-12-31	$20.04B	36.72%
2011-12-31	$14.66B	20.58%
2010-12-31	$12.16B	-4.37%
2009-12-31	$12.71B	-5.36%
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	54.31%
1999-12-31	$745.20M	-36.42%
1998-12-31	$1.17B	16.55%
1997-12-31	$1.01B	55.04%
1996-12-31	$648.60M	-

NOV generated $8.87B in revenue during NA 2024, up 3.34% compared to the previous quarter, and up 104.61% compared to the same period a year ago.

NOV Revenue by Quarter

Date	Revenue	Change
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 $2.19B in revenue during Q2 2025, up 4.04% compared to the previous quarter, and up 101.58% compared to the same period a year ago.

NOV Revenue Breakdown

NOV Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Service	$1.99B	$1.79B	$1.48B	$1.11B	$1.09B
Rental	$1.05B	$1.02B	$882.00M	$641.00M	$590.00M
Product	$5.83B	$5.78B	$4.87B	$3.77B	$4.41B

NOV's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (65.73%), Service (22.45%), and Rental (11.83%).

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 24	Dec 23	Dec 22	Dec 21	Dec 20
UNITED STATES	$2.98B	$2.93B	$2.60B	$1.76B	$1.63B
Other Countries	$5.89B	$2.15B	$2.15B	$1.83B	$2.25B
BRAZIL	-	$605.00M	$495.00M	$316.00M	$224.00M
AUSTRALIA	-	$211.00M	-	-	-
UNITED ARAB EMIRATES	-	$224.00M	$157.00M	$130.00M	$221.00M
SAUDI ARABIA	-	$729.00M	$488.00M	$316.00M	$343.00M
NORWAY	-	$473.00M	-	-	-
DENMARK	-	$160.00M	-	-	-
ARGENTINA	-	$247.00M	-	-	-
CHINA	-	$248.00M	$296.00M	$222.00M	$288.00M
CANADA	-	$324.00M	$277.00M	$207.00M	$168.00M
SINGAPORE	-	-	$131.00M	$143.00M	$242.00M
Norway, Krone	-	-	$351.00M	-	-
Korea (South), Won	-	-	$88.00M	-	-
K R W	-	-	-	$32.00M	$33.00M
N O K	-	-	-	$365.00M	$464.00M

NOV's latest annual revenue breakdown by geography, as of Dec 24: Other Countries (66.36%), and UNITED STATES (33.64%).

NOV Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
UGP	Ultrapar Participações	$126.05B	$30.40B
NOV	NOV	$8.87B	$2.19B
WFRD	Weatherford	$5.51B	$1.23B
NE	Noble	$3.06B	-
VAL	Valaris	$2.36B	$615.20M
FRO	Frontline	$1.80B	$578.40M
VVV	Valvoline	$1.62B	$421.40M
MGY	Magnolia Oil & Gas	$1.32B	$318.98M
CNX	CNX Resources	$1.27B	$962.42M
AROC	Archrock	$1.16B	$383.15M
LB	LandBridge	$109.95M	$47.53M

NOV Revenue FAQ

What is NOV’s yearly revenue?

NOV's yearly revenue for 2024 was $8.87B, representing an increase of 3.34% compared to 2023. The company's yearly revenue for 2023 was $8.58B, representing an increase of 18.60% compared to 2022. NOV's yearly revenue for 2022 was $7.24B, representing an increase of 31.01% compared to 2021.

What is NOV’s quarterly revenue?

NOV'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). The company'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). NOV's quarterly revenue for Q4 2024 was $2.31B, a 5.34% increase from the previous quarter (Q3 2024), and a -1.28% decrease year-over-year (Q4 2023).

What is NOV’s revenue growth rate?

NOV's revenue growth rate for the last 3 years (2022-2024) was 22.56%, and for the last 5 years (2020-2024) was 45.65%.

What are NOV’s revenue streams?

NOV's revenue streams in c 24 are Service, Rental, and Product. Service generated $1.99B in revenue, accounting 22.45% of the company's total revenue, up 11.29% year-over-year. Rental generated $1.05B in revenue, accounting 11.83% of the company's total revenue, up 2.94% year-over-year. Product generated $5.83B in revenue, accounting 65.73% of the company's total revenue, up 0.95% year-over-year.

What is NOV’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of NOV was Product. This segment made a revenue of $5.83B, representing 65.73% of the company's total revenue.