NOV (NOV) Revenue & Revenue Breakdown
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 | $806.00M |
| 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 | $338.09M |
| 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 | $110.30M |
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.