Nov (NOV) Operating Expenses (2009 - 2026)
Nov (NOV) posted Operating Expenses of $1.0 billion for Q2 2026, down 4.5% sequentially from $1.1 billion in Q1 2026, and down 3.44% YoY from $1.1 billion in Q2 2025.
Nov (NOV) Operating Expenses (2009 - 2026) Analysis & Trends
Nov has reported Operating Expenses for 18 years, with the latest figure at $1.0 billion in Q2 2026.
- Quarterly Operating Expenses fell 3.44% year-over-year to $1.0 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.7 billion (up 3.25% YoY) and the FY2025 annual result came in at $1.2 billion, up 6.08% from the prior year.
- Operating Expenses slipped to $1.0 billion in Q2 2026 per NOV's latest filing, from $1.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.1 billion in Q1 2026 and troughed at $235.0 million in Q1 2022.
- A 5-year average of $455.7 million and a median of $291.0 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses fell 14.88% in 2024, then jumped 288.45% in 2025.
- Over 5 years, Operating Expenses stood at $281.0 million in 2022, then increased by 19.57% to $336.0 million in 2023, then dropped by 14.88% to $286.0 million in 2024, then grew by 4.9% to $300.0 million in 2025, then jumped by 246.33% to $1.0 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.0 billion, $1.1 billion, and $300.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 68.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.04 Bn |
| Mar 31, 2026 | 1.09 Bn |
| Dec 31, 2025 | 300.00 Mn |
| Sep 30, 2025 | 305.00 Mn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 286.00 Mn |
| Sep 30, 2024 | 275.00 Mn |
| Jun 30, 2024 | 277.00 Mn |
| Mar 31, 2024 | 296.00 Mn |
| Dec 31, 2023 | 336.00 Mn |
| Sep 30, 2023 | 285.00 Mn |
| Jun 30, 2023 | 276.00 Mn |
| Mar 31, 2023 | 285.00 Mn |
| Dec 31, 2022 | 281.00 Mn |
| Sep 30, 2022 | 313.00 Mn |
| Jun 30, 2022 | 241.00 Mn |
| Mar 31, 2022 | 235.00 Mn |
| Dec 31, 2021 | 217.00 Mn |
| Sep 30, 2021 | 228.00 Mn |