NOV (NOV) Revenue & Revenue Breakdown

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NOV Revenue Highlights

Latest Revenue (Y)

$8.58B

Latest Revenue (Q)

$2.19B

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

NOV Revenue by Period

NOV Revenue by Year

Date	Revenue	Change
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 $8.58B in revenue during NA 2023, up 18.60% compared to the previous quarter, and up 101.54% compared to the same period a year ago.

NOV Revenue by Quarter

Date	Revenue	Change
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	6.62%
2013-09-30	$5.79B	3.36%
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	1.52%
2009-09-30	$3.09B	2.56%
2009-06-30	$3.01B	-13.53%
2009-03-31	$3.48B	-8.64%
2008-12-31	$3.81B	5.50%
2008-09-30	$3.61B	8.65%
2008-06-30	$3.32B	23.79%
2008-03-31	$2.69B	-

NOV generated $2.19B in revenue during Q3 2024, up -1.13% compared to the previous quarter, and up 104.68% compared to the same period a year ago.

NOV Revenue Breakdown

NOV Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Rental	$1.02B	$882.00M	$641.00M	$590.00M	$1.10B
Product	$5.78B	$4.87B	$3.77B	$4.41B	$5.86B
Service	$1.79B	$1.48B	$1.11B	$1.09B	$1.52B

NOV's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (67.28%), Service (20.84%), and Rental (11.87%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Sep 21	Mar 20	Mar 19	Mar 18
Royalty	$17.00M	$17.00M	-	-	-	-
Rig Technologies	-	-	$390.00M	$557.00M	$603.00M	$483.00M
Completion And Production Solutions	-	-	$478.00M	-	-	-
Wellbore Technologies	-	-	$507.00M	$711.00M	-	-
Completion And Production Solutions Member	-	-	-	-	-	$670.00M

NOV's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Royalty (100.00%).

NOV Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
ARGENTINA	$247.00M	-	-	-	-
UNITED STATES	$2.93B	$2.60B	$1.76B	$1.63B	$3.11B
UNITED ARAB EMIRATES	$224.00M	$157.00M	$130.00M	$221.00M	$224.00M
SAUDI ARABIA	$729.00M	$488.00M	$316.00M	$343.00M	$436.00M
Other Countries	$2.15B	$2.15B	$1.83B	$2.25B	$2.52B
NORWAY	$473.00M	-	-	-	-
DENMARK	$160.00M	-	-	-	-
CHINA	$248.00M	$296.00M	$222.00M	$288.00M	$285.00M
CANADA	$324.00M	$277.00M	$207.00M	$168.00M	$247.00M
BRAZIL	$605.00M	$495.00M	$316.00M	$224.00M	$269.00M
AUSTRALIA	$211.00M	-	-	-	-
SINGAPORE	-	$131.00M	$143.00M	$242.00M	$473.00M
Norway, Krone	-	$351.00M	-	-	-
Korea (South), Won	-	$88.00M	-	-	-
N O K	-	-	$365.00M	$464.00M	$512.00M
K R W	-	-	$32.00M	$33.00M	$69.00M

NOV's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (35.31%), Other Countries (25.91%), SAUDI ARABIA (8.78%), BRAZIL (7.28%), NORWAY (5.69%), CANADA (3.90%), CHINA (2.99%), ARGENTINA (2.97%), UNITED ARAB EMIRATES (2.70%), AUSTRALIA (2.54%), and DENMARK (1.93%).

Quarterly Revenue by Country

Country	Mar 20	Mar 19	Mar 18
Rig Technologies	$557.00M	$603.00M	$483.00M
Wellbore Technologies	-	-	$711.00M
Completion And Production Solutions Member	-	-	$670.00M

NOV's latest quarterly revenue breakdown by geography, as of Mar 20: Rig Technologies (100.00%).

NOV Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SLB	Schlumberger	$33.13B	$9.16B
HAL	Halliburton Company	$23.02B	$5.83B
NOV	NOV	$8.58B	$2.19B
FTI	TechnipFMC	$7.82B	$2.35B
WFRD	Weatherford	$5.13B	$1.41B
CHX	ChampionX	$3.76B	$906.53M
MRC	MRC Global	$3.41B	$2.74B
OII	Oceaneering	$2.42B	$679.81M
RES	RPC	$1.62B	$337.65M
HLX	Helix Energy Solutions Group	$1.29B	$342.42M
VTOL	Bristow Group	$1.23B	$365.12M
WHD	Cactus	$1.10B	$293.18M
OIS	Oil States	$782.28M	-
RNGR	Ranger Energy Services	$636.60M	$153.00M
SOI	Solaris Oilfield Infrastructure	$292.95M	$73.89M
DRQ	Dril-Quip	$2.56M	$120.34M

NOV Revenue FAQ

What is NOV’s yearly revenue?

NOV's yearly revenue for 2023 was $8.58B, representing an increase of 18.60% compared to 2022. The company's yearly revenue for 2022 was $7.24B, representing an increase of 31.01% compared to 2021. NOV's yearly revenue for 2021 was $5.52B, representing a decrease of -9.29% compared to 2020.

What is NOV’s quarterly revenue?

NOV's quarterly revenue for Q3 2024 was $2.19B, a -1.13% decrease from the previous quarter (Q2 2024), and a 0.27% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.22B, a 2.88% increase from the previous quarter (Q1 2024), and a 5.88% increase year-over-year (Q2 2023). NOV's quarterly revenue for Q1 2024 was $2.15B, a -7.87% decrease from the previous quarter (Q4 2023), and a 9.79% increase year-over-year (Q1 2023).

What is NOV’s revenue growth rate?

NOV's revenue growth rate for the last 3 years (2021-2023) was 55.38%, and for the last 5 years (2019-2023) was 1.23%.

What are NOV’s revenue streams?

NOV's revenue streams in c 23 are Rental, Product, and Service. Rental generated $1.02B in revenue, accounting 11.87% of the company's total revenue, up 15.53% year-over-year. Product generated $5.78B in revenue, accounting 67.28% of the company's total revenue, up 18.51% year-over-year. Service generated $1.79B in revenue, accounting 20.84% of the company's total revenue, up 20.72% year-over-year.

What is NOV’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of NOV was Product. This segment made a revenue of $5.78B, representing 67.28% of the company's total revenue.