Nov (NOV) Operating Margin (2009 - 2026)

Nov's (NOV) quarterly Operating Margin came in at 2.29% in Q1 2026, down 494.0% year-on-year from 0.58% in Q1 2025, and down 43.31% quarter-over-quarter from 4.04% in Q4 2025.

Nov (NOV) Operating Margin (2009 - 2026) Analysis & Trends

Nov has disclosed Operating Margin across 18 years of filings, most recently posting 2.29% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 2.29%, down 494.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.47% (down 535.0% YoY), and the FY2025 annual result was 5.65%, down 423.0% from the prior year.
  • Operating Margin came in at 2.29% for Q1 2026 at Nov, down 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 15.41% in Q4 2023.
  • The 5-year median for Operating Margin is 6.54% (2025), against an average of 5.05%.
  • Across the five-year window, Operating Margin slumped 2322 bps in 2023 and surged 2438 bps in 2024, its largest moves.
  • Nov's Operating Margin stood at 7.81% in 2022, then slumped by 297 bps to 15.41% in 2023, then soared by 158 bps to 8.97% in 2024, then sank by 55 bps to 4.04% in 2025, then slumped by 43 bps to 2.29% in 2026.
  • The last three Operating Margin figures came in at 2.29% (Q1 2026), 4.04% (Q4 2025), and 4.92% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 50.58%
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 11.87%
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 12.57%
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 14.51%
5 Enerflex 8.62 Bn 8.57 Bn - 15.64%
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 2.29%
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 10.68%
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 53.94%
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 30.89%
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn 2.18%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.29%
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 -15.41%
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%