NOV Inc.
NOV · Oil & Gas Field Machinery & Equipment · 358.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $163M (gross $229M, SBC $66M)
Reference price $20.32 · est. market cap ~$7.3B — last insider sale, 2026-02-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Scaled oilfield equipment leader with a strong balance sheet but weak returns and declining earnings.
Strengths
- Best-in-sector cash ($1.55B, 100th pct) and FCF ($876M, 90th) with solid liquidity (current ratio 2.4) and interest coverage 5.6x
- Global scale, large installed base and OEM aftermarket moat in a fragmented market
Risks
- Weak returns (ROE 2.3%, 46th; ROA 1.3%) and net income down 77% YoY (25th pct) on -1.4% revenue
- Highly cyclical oil & gas demand; backlog flat at ~$4.3B
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
20.2%
Operating margin
5.6%
Net margin
1.7%
Return on equity
2.3%
Return on assets
1.3%
ROIC
4.9%
Revenue growth (QoQ)
-9.9%
Net-income growth
-77.2%
Debt / equity
0.3×
Net debt / EBITDA
0.2×
Interest coverage
5.6×
Current ratio
2.4×
Free cash flow
$876M
EBITDA
$849M
Tangible book value
$4.2B
Cash & investments
$1.6B
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Donadio Marcela E | Grant | 9.5K | — |
| 2026-05-20 | Chowbey Sanjay | Grant | 9.5K | — |
| 2026-05-20 | Martinez Patricia | Grant | 9.5K | — |
| 2026-05-20 | Welborn Robert S. | Grant | 9.5K | — |
| 2026-05-20 | Thomas William R. | Grant | 9.5K | — |
| 2026-05-20 | HARRISON DAVID D | Grant | 9.5K | — |
| 2026-05-20 | Kendall Christian S | Grant | 9.5K | — |
| 2026-05-20 | MELCHER PATRICIA B | Grant | 9.5K | — |
| 2026-03-20 | Bayardo Jose A | Tax withheld | 5.0K | $18.68 |
| 2026-03-20 | Novak Christy Lynn | Tax withheld | 869 | $18.68 |
| 2026-03-20 | Reed Rodney C. | Tax withheld | 5.0K | $18.68 |
| 2026-02-23 | Weinstock Craig L. | Tax withheld | 2.6K | $20.28 |
| 2026-02-23 | Reed Rodney C. | Tax withheld | 2.0K | $20.28 |
| 2026-02-23 | Novak Christy Lynn | Tax withheld | 3.8K | $20.28 |
| 2026-02-23 | Bayardo Jose A | Tax withheld | 4.2K | $20.28 |
| 2026-02-23 | Rovig Joseph W | Tax withheld | 2.9K | $20.28 |
| 2026-02-23 | Livingston Scott B. | Tax withheld | 1.3K | $20.28 |
| 2026-02-23 | Weinstock Craig L. | Option exercise | 20K | $15.00 |
| 2026-02-23 | Weinstock Craig L. | Option exercise | 30K | $15.00 |
| 2026-02-23 | Weinstock Craig L. | Sell | 20K | $20.32 |
| 2026-02-23 | Weinstock Craig L. | Sell | 30K | $20.00 |
| 2026-02-23 | Weinstock Craig L. | Sell | 10K | $19.94 |
| 2026-02-23 | Weinstock Craig L. | Sell | 9.5K | $19.95 |
| 2026-02-23 | Rovig Joseph W | Option exercise | 79K | $15.00 |
| 2026-02-23 | Rovig Joseph W | Option exercise | 72K | $16.73 |
| 2026-02-23 | Rovig Joseph W | Sell | 151K | $20.17 |
| 2026-02-19 | Reed Rodney C. | Tax withheld | 3.5K | $20.24 |
| 2026-02-19 | Novak Christy Lynn | Tax withheld | 6.6K | $20.24 |
| 2026-02-19 | Rovig Joseph W | Tax withheld | 6.5K | $20.24 |
| 2026-02-19 | Livingston Scott B. | Tax withheld | 3.2K | $20.24 |
| 2026-02-19 | Bayardo Jose A | Tax withheld | 9.6K | $20.24 |
| 2026-02-19 | Weinstock Craig L. | Tax withheld | 5.8K | $20.24 |
| 2026-02-18 | Novak Christy Lynn | Grant | 27K | — |
| 2026-02-18 | Livingston Scott B. | Grant | 28K | — |
| 2026-02-18 | Weinstock Craig L. | Grant | 30K | — |
| 2026-02-18 | Weinstock Craig L. | Grant | 34K | — |
| 2026-02-18 | Weinstock Craig L. | Tax withheld | 13K | $19.99 |
| 2026-02-18 | Reed Rodney C. | Grant | 32K | — |
| 2026-02-18 | Rovig Joseph W | Grant | 33K | — |
| 2026-02-18 | Rovig Joseph W | Grant | 38K | — |
| 2026-02-18 | Rovig Joseph W | Tax withheld | 14K | $19.99 |
| 2026-02-18 | Bayardo Jose A | Grant | 131K | — |
| 2026-02-18 | Bayardo Jose A | Grant | 55K | — |
| 2026-02-18 | Bayardo Jose A | Tax withheld | 22K | $19.99 |
| 2026-02-06 | Weinstock Craig L. | Tax withheld | 3.2K | $18.91 |
| 2026-02-06 | Reed Rodney C. | Tax withheld | 2.5K | $18.91 |
| 2026-02-06 | Novak Christy Lynn | Tax withheld | 4.8K | $18.91 |
| 2026-02-06 | Bayardo Jose A | Tax withheld | 5.2K | $18.91 |
| 2026-02-06 | Rovig Joseph W | Tax withheld | 2.2K | $18.91 |
| 2026-02-06 | Livingston Scott B. | Tax withheld | 1.7K | $18.91 |
| 2025-11-24 | Novak Christy Lynn | Disposition | 21K | $14.75 |
| 2025-11-24 | Novak Christy Lynn | Disposition | 450 | $15.04 |
| 2025-11-24 | Weinstock Craig L. | Disposition | 39K | $15.03 |
| 2025-11-24 | Rovig Joseph W | Disposition | 40K | $14.75 |
| 2025-11-21 | Kendall Christian S | Buy | 20K | $14.36 |
| 2025-11-21 | Kendall Christian S | Buy | 50K | $14.50 |
| 2025-05-20 | MATTSON ERIC L | Conversion | 2.7K | — |
| 2025-05-20 | ARMSTRONG GREG L | Conversion | 6.9K | — |
| 2025-05-20 | Welborn Robert S. | Grant | 16K | — |
| 2025-05-20 | Thomas William R. | Grant | 16K | — |
| 2025-05-20 | MELCHER PATRICIA B | Grant | 16K | — |
| 2025-05-20 | Martinez Patricia | Grant | 16K | — |
| 2025-05-20 | Kendall Christian S | Grant | 16K | — |
| 2025-05-20 | HARRISON DAVID D | Grant | 16K | — |
| 2025-05-20 | GUILL BEN A | Grant | 16K | — |
| 2025-05-20 | Donadio Marcela E | Grant | 16K | — |
| 2025-03-20 | Reed Rodney C. | Grant | 38K | — |
| 2025-03-20 | Novak Christy Lynn | Grant | 6.6K | — |
| 2025-03-20 | Bayardo Jose A | Grant | 38K | — |
| 2025-02-23 | Novak Christy Lynn | Tax withheld | 3.8K | $15.11 |
| 2025-02-23 | Weinstock Craig L. | Tax withheld | 2.6K | $15.11 |
| 2025-02-23 | Livingston Scott B. | Tax withheld | 1.3K | $15.11 |
| 2025-02-23 | Rovig Joseph W | Tax withheld | 2.9K | $15.11 |
| 2025-02-23 | Bayardo Jose A | Tax withheld | 4.2K | $15.11 |
| 2025-02-23 | WILLIAMS CLAY C | Tax withheld | 14K | $15.11 |
| 2025-02-19 | Novak Christy Lynn | Grant | 50K | — |
| 2025-02-19 | Weinstock Craig L. | Grant | 45K | — |
| 2025-02-19 | Weinstock Craig L. | Grant | 38K | — |
| 2025-02-19 | Weinstock Craig L. | Tax withheld | 15K | $15.28 |
| 2025-02-19 | Rovig Joseph W | Grant | 50K | — |
| 2025-02-19 | Rovig Joseph W | Grant | 42K | — |
| 2025-02-19 | Rovig Joseph W | Tax withheld | 15K | $15.28 |
| 2025-02-19 | Bayardo Jose A | Grant | 73K | — |
| 2025-02-19 | Bayardo Jose A | Grant | 63K | — |
| 2025-02-19 | Bayardo Jose A | Tax withheld | 25K | $15.28 |
| 2025-02-19 | Livingston Scott B. | Grant | 39K | — |
| 2025-02-19 | WILLIAMS CLAY C | Grant | 236K | — |
| 2025-02-19 | WILLIAMS CLAY C | Grant | 200K | — |
| 2025-02-19 | WILLIAMS CLAY C | Tax withheld | 79K | $15.28 |
| 2025-02-15 | Rovig Joseph W | Tax withheld | 2.2K | $15.54 |
| 2025-02-15 | Bayardo Jose A | Tax withheld | 5.3K | $15.54 |
| 2025-02-15 | Weinstock Craig L. | Tax withheld | 3.2K | $15.54 |
| 2025-02-15 | WILLIAMS CLAY C | Tax withheld | 17K | $15.54 |
| 2025-02-15 | Livingston Scott B. | Tax withheld | 1.6K | $15.54 |
| 2025-02-15 | Novak Christy Lynn | Tax withheld | 5.3K | $15.54 |
| 2025-02-06 | Weinstock Craig L. | Tax withheld | 3.2K | $15.48 |
| 2025-02-06 | Bayardo Jose A | Tax withheld | 5.2K | $15.48 |
| 2025-02-06 | Livingston Scott B. | Tax withheld | 1.7K | $15.48 |
| 2025-02-06 | WILLIAMS CLAY C | Tax withheld | 17K | $15.48 |
| 2025-02-06 | Rovig Joseph W | Tax withheld | 2.2K | $15.48 |
| 2025-02-06 | Novak Christy Lynn | Tax withheld | 4.8K | $15.48 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-04-15 | ResultsExhibits | filing ↗ |
| 2026-03-18 | Exec/director change | filing ↗ |
| 2026-02-20 | Exec/director change | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2025-11-20 | Exec/director changeExhibits | filing ↗ |
| 2025-10-28 | ResultsExec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-20 | 0001193125-26-236271 ↗ |
| 8-K | 2026-04-28 | 2026-04-27 | 0001193125-26-183828 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0001193125-26-185866 ↗ |
| 8-K | 2026-04-15 | 2026-04-15 | 0001193125-26-156143 ↗ |
| 8-K | 2026-03-18 | 2026-03-17 | 0001193125-26-113299 ↗ |
| 8-K | 2026-02-20 | 2026-02-19 | 0001193125-26-060618 ↗ |
| 10-K | 2026-02-12 | 2025-12-31 | 0001193125-26-048350 ↗ |
| 8-K | 2026-02-05 | 2026-02-04 | 0001193125-26-038589 ↗ |
| 8-K | 2025-11-20 | 2025-11-19 | 0001193125-25-288885 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001193125-25-252481 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001193125-25-253755 ↗ |
| 8-K | 2025-07-29 | 2025-07-28 | 0000950170-25-099408 ↗ |