Nov (NOV) Operating Leases (2018 - 2026)
Nov's Operating Leases came in at $520 million for Q2 2026, down 3.7% from $540 million a year earlier and down 0.8% from the prior quarter.
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Analysis
Nov (NOV) Operating Leases (2018 - 2026) Analysis & Trends
At the end of FY2025, Nov's Operating Leases was $521 million, down 4.2% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of -3.2% (FY2020 to FY2025).
- Going back by year, Operating Leases was $544 million in FY2024 (-2.5%), $558 million in FY2023 (+1.6%), $549 million in FY2022 (-4.7%) and $576 million in FY2021 (-5.9%).
- The Q2 2026 figure represents the lowest quarterly Operating Leases since Q4 2018.
- Year-over-year, Operating Leases has declined for nine consecutive quarters, with an average decline of 3.2% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q3 2023 (growth of 2.4%), and the weakest in Q3 2022 (a decline of 7.9%).
- Business Quant data shows NOV's Operating Leases at $524 million (Q1 2026), $521 million (Q4 2025) and $528 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn |
| 10 | Kodiak Gas Services | 5.32 Bn | 5.09 Bn | 246.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 520.00 Mn |
| Mar 31, 2026 | 524.00 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 | 559.00 Mn |
| Jun 30, 2023 | 568.00 Mn |
| Mar 31, 2023 | 556.00 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 | 576.00 Mn |
| Sep 30, 2021 | 593.00 Mn |
API Access
Nov Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=NOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "NOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=NOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();