Nov (NOV) Operating Expenses (2009 - 2026)

Nov (NOV) reported Operating Expenses of $9.0 million for Q1 2026, up 200.0% on a YoY basis from $3.0 million in Q1 2025, and down 97.0% sequentially from $300.0 million in Q4 2025.

Nov (NOV) Operating Expenses (2009 - 2026) Analysis & Trends

Nov (NOV) has 18 years of Operating Expenses data on file, last reported at $9.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 200.0% year-over-year to $9.0 million; the trailing twelve-month figure through Mar 2026 stood at $917.0 million (up 9.04% YoY), and the FY2025 full-year result was $1.2 billion, up 6.08% from the prior year.
  • Operating Expenses eased to $9.0 million in Q1 2026, from $300.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $336.0 million in Q4 2023 to a low of $3.0 million in Q1 2025.
  • A 5-year average of $253.3 million and a median of $285.0 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 98.99% in 2025 and surged 200.0% in 2026, its largest moves.
  • Tracing NOV's Operating Expenses over 5 years: stood at $281.0 million in 2022, then advanced by 19.57% to $336.0 million in 2023, then retreated by 14.88% to $286.0 million in 2024, then gained by 4.9% to $300.0 million in 2025, then plunged by 97.0% to $9.0 million in 2026.
  • Business Quant data shows NOV's Operating Expenses at $9.0 million in Q1 2026, $300.0 million in Q4 2025, and $305.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn 261.00 Mn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn -466.59 Mn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn 2.14 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn 4.72 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn 9.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn 998.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn 45.37 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn 69.48 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn 238.95 Mn
10 Tidewater 3.87 Bn 3.32 Bn 160.04 Mn 267.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.00 Mn
Dec 31, 2025 300.00 Mn
Sep 30, 2025 305.00 Mn
Jun 30, 2025 303.00 Mn
Mar 31, 2025 3.00 Mn
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
Jun 30, 2021 219.00 Mn