Nov (NOV) Operating Leases (2018 - 2026)

Nov's (NOV) quarterly Operating Leases came in at $295.0 million in Q1 2026, down 44.76% year-on-year from $534.0 million in Q1 2025, and down 43.38% quarter-over-quarter from $521.0 million in Q4 2025.

Nov (NOV) Operating Leases (2018 - 2026) Analysis & Trends

Nov has disclosed Operating Leases across 9 years of filings, most recently posting $295.0 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $295.0 million, down 44.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $295.0 million (down 44.76% YoY), and the FY2025 annual result was $521.0 million, down 4.23% from the prior year.
  • Operating Leases came in at $295.0 million for Q1 2026 at Nov, down from $521.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $568.0 million in Q1 2022 to a low of $295.0 million in Q1 2026.
  • The 5-year median for Operating Leases is $546.0 million (2022), against an average of $509.7 million.
  • Across the five-year window, Operating Leases jumped 65.4% in 2024 and slumped 44.76% in 2026, its largest moves.
  • Nov's Operating Leases stood at $549.0 million in 2022, then grew by 1.64% to $558.0 million in 2023, then dropped by 2.51% to $544.0 million in 2024, then declined by 4.23% to $521.0 million in 2025, then tumbled by 43.38% to $295.0 million in 2026.
  • The last three Operating Leases figures came in at $295.0 million (Q1 2026), $521.0 million (Q4 2025), and $528.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn
5 Enerflex 8.62 Bn 8.57 Bn -
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 295.00 Mn
Dec 31, 2025 521.00 Mn
Sep 30, 2025 528.00 Mn
Jun 30, 2025 540.00 Mn
Mar 31, 2025 534.00 Mn
Dec 31, 2024 544.00 Mn
Sep 30, 2024 551.00 Mn
Jun 30, 2024 553.00 Mn
Mar 31, 2024 564.00 Mn
Dec 31, 2023 558.00 Mn
Sep 30, 2023 342.00 Mn
Jun 30, 2023 568.00 Mn
Mar 31, 2023 341.00 Mn
Dec 31, 2022 549.00 Mn
Sep 30, 2022 546.00 Mn
Jun 30, 2022 563.00 Mn
Mar 31, 2022 568.00 Mn
Dec 31, 2021 357.00 Mn
Sep 30, 2021 593.00 Mn
Jun 30, 2021 595.00 Mn