Nov (NOV) Operating Expenses (2009 - 2026)
Nov's (NOV) quarterly Operating Expenses came in at $9.0 million in Q1 2026, up 200.0% year-on-year from $3.0 million in Q1 2025, and down 97.0% quarter-over-quarter from $300.0 million in Q4 2025.
Nov (NOV) Operating Expenses (2009 - 2026) Analysis & Trends
Nov has disclosed Operating Expenses across 18 years of filings, most recently posting $9.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $9.0 million, up 200.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $917.0 million (up 9.04% YoY), and the FY2025 annual result was $1.2 billion, up 6.08% from the prior year.
- Operating Expenses came in at $9.0 million for Q1 2026 at Nov, down 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.
- The 5-year median for Operating Expenses is $285.0 million (2023), against an average of $253.3 million.
- Across the five-year window, Operating Expenses slumped 98.99% in 2025 and surged 200.0% in 2026, its largest moves.
- Nov's Operating Expenses stood at $281.0 million in 2022, then climbed by 19.57% to $336.0 million in 2023, then decreased by 14.88% to $286.0 million in 2024, then advanced by 4.9% to $300.0 million in 2025, then tumbled by 97.0% to $9.0 million in 2026.
- The last three Operating Expenses figures came in at $9.0 million (Q1 2026), $300.0 million (Q4 2025), and $305.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 261.00 Mn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 732.00 Mn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 4.72 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 2.14 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | -76.01 Mn |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 9.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 1.03 Bn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 45.83 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 238.95 Mn |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | 998.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |