NOV (NOV) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

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
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 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 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	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	$17.00M	$17.00M	-	-	-	-	-	-	-	-	-	-	-	-
Completion And Production Solutions	-	-	$478.00M	$497.00M	$439.00M	$601.00M	$611.00M	$728.00M	$663.00M	$735.00M	-	-	-	-
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
Wellbore Technologies	-	-	$507.00M	$463.00M	$413.00M	$361.00M	$442.00M	$793.00M	$850.00M	$847.00M	$793.00M	$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 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
SLB	Schlumberger	$36.29B	$9.16B
HAL	Halliburton	$22.94B	$5.83B
FTI	TechnipFMC	$9.08B	$2.35B
NOV	NOV	$8.87B	$2.19B
WFRD	Weatherford	$5.51B	$1.41B
CHX	ChampionX	$3.63B	$906.53M
MRC	MRC Global	$3.01B	$2.74B
OII	Oceaneering	$2.66B	$679.81M
RES	RPC	$1.41B	$337.65M
HLX	Helix Energy Solutions Group	$1.36B	$342.42M
VTOL	Bristow Group	$1.30B	$365.12M
WHD	Cactus	$1.13B	$293.18M
RNGR	Ranger Energy Services	$571.10M	$153.00M
OIS	Oil States	-	-

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 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 (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.