Nov (NOV) Gross Margin (2009 - 2026)

Nov (NOV) posted Gross Margin of 24.41% for Q2 2026, up 32.18% sequentially from 18.47% in Q1 2026, and up 403.0% YoY from 4.85% in Q2 2025.

Nov (NOV) Gross Margin (2009 - 2026) Analysis & Trends

Nov has reported Gross Margin for 18 years, with the latest figure at 24.41% in Q2 2026.

Quarterly Gross Margin rose 403.0% year-over-year to 24.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.53% (down 57.0% YoY) and the FY2025 annual result came in at 20.21%, down 245.0% from the prior year.
Gross Margin improved to 24.41% in Q2 2026 per NOV's latest filing, from 18.47% in the prior quarter.
Over five years, Gross Margin peaked at 26.62% in Q2 2024 and troughed at 13.82% in Q1 2022.
A 5-year average of 20.69% and a median of 21.23% in 2023 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2025: Gross Margin surged 805 bps in 2022, then slumped 624 bps in 2025.
Over 5 years, Gross Margin stood at 21.37% in 2022, then dropped by 1 bps to 21.21% in 2023, then grew by 1 bps to 21.36% in 2024, then retreated by 5 bps to 20.29% in 2025, then grew by 20 bps to 24.41% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 24.41%, 18.47%, and 20.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.

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