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
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