Nov (NOV) Operating Margin (2009 - 2026)
Nov (NOV) reported Operating Margin of 5.8% for Q1 2026, down 143.0% on a YoY basis from 13.49% in Q1 2025, and up 43.53% sequentially from 4.04% in Q4 2025.
Nov (NOV) Operating Margin (2009 - 2026) Analysis & Trends
Nov (NOV) has 18 years of Operating Margin data on file, last reported at 5.8% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 143.0% year-over-year to 5.8%; the trailing twelve-month figure through Mar 2026 stood at 5.3% (down 452.0% YoY), and the FY2025 full-year result was 5.65%, down 423.0% from the prior year.
- Operating Margin climbed to 5.8% in Q1 2026, from 4.04% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.12% in Q2 2024 to a low of 1.36% in Q1 2022.
- A 5-year average of 6.57% and a median of 6.87% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 880 bps in 2022 and slumped 759 bps in 2025, its largest moves.
- Tracing NOV's Operating Margin over 5 years: stood at 7.81% in 2022, then decreased by 12 bps to 6.87% in 2023, then jumped by 31 bps to 8.97% in 2024, then slumped by 55 bps to 4.04% in 2025, then surged by 44 bps to 5.8% in 2026.
- Business Quant data shows NOV's Operating Margin at 5.8% in Q1 2026, 4.04% in Q4 2025, and 4.92% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 58.70% |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | 48.92% |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 14.51% |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 12.57% |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 5.80% |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 9.68% |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 54.06% |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 8.35% |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 30.89% |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 18.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.80% |
| Dec 31, 2025 | 4.04% |
| Sep 30, 2025 | 4.92% |
| Jun 30, 2025 | 6.54% |
| Mar 31, 2025 | 7.23% |
| Dec 31, 2024 | 8.97% |
| Sep 30, 2024 | 8.85% |
| Jun 30, 2024 | 14.12% |
| Mar 31, 2024 | 7.52% |
| Dec 31, 2023 | 6.87% |
| Sep 30, 2023 | 8.38% |
| Jun 30, 2023 | 8.65% |
| Mar 31, 2023 | 6.42% |
| Dec 31, 2022 | 7.81% |
| Sep 30, 2022 | 2.91% |
| Jun 30, 2022 | 3.94% |
| Mar 31, 2022 | -1.36% |
| Dec 31, 2021 | -0.99% |
| Sep 30, 2021 | -3.21% |
| Jun 30, 2021 | 0.85% |