Nov (NOV) Gross Margin (2009 - 2026)
Nov's Gross Margin came in at 24.41% for Q2 2026, up 4.03 percentage points from 20.38% a year earlier and up 5.94 percentage points from the prior quarter.
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Analysis
Nov (NOV) Gross Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nov reported Gross Margin of 20.53%, down 0.57 percentage points year-over-year; for FY2025, it came in at 20.21%, down 2.45 percentage points from FY2024.
- Gross Margin carries a five-year change of +13.08 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 22.66% in FY2024 (+1.30 pp), 21.36% in FY2023 (+2.92 pp), 18.43% in FY2022 (+4.42 pp) and 14.01% in FY2021 (+6.89 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q2 2024.
- Year-over-year, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -1.05 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 18.29 percentage points), and the weakest in Q2 2025 (a drop of 6.24 percentage points).
- Business Quant data shows NOV's Gross Margin at 18.47% (Q1 2026), 20.29% (Q4 2025) and 18.93% (Q3 2025) in the three quarters before Q2 2026.
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Nov Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();