Nov (NOV) Operating Margin (2009 - 2026)

Nov (NOV) posted Operating Margin of 12.28% for Q2 2026, up 111.71% sequentially from 5.8% in Q1 2026, and up 291.0% YoY from 3.14% in Q2 2025.

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

Nov has reported Operating Margin for 18 years, with the latest figure at 12.28% in Q2 2026.

Quarterly Operating Margin rose 291.0% year-over-year to 12.28% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 6.71% (down 265.0% YoY) and the FY2025 annual result came in at 5.65%, down 423.0% from the prior year.
Operating Margin rose to 12.28% in Q2 2026 per NOV's latest filing, from 5.8% in the prior quarter.
Over five years, Operating Margin peaked at 14.12% in Q2 2024 and troughed at 1.36% in Q1 2022.
A 5-year average of 7.21% and a median of 7.67% in 2022 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2025: Operating Margin soared 880 bps in 2022, then tumbled 493 bps in 2025.
Over 5 years, Operating Margin stood at 7.81% in 2022, then declined by 12 bps to 6.87% in 2023, then jumped by 31 bps to 8.97% in 2024, then sank by 55 bps to 4.04% in 2025, then surged by 204 bps to 12.28% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 12.28%, 5.8%, and 4.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Slb	79.95 Bn	75.87 Bn	4.63 Bn	48.02%
2	Baker Hughes	62.26 Bn	46.53 Bn	1.58 Bn	12.74%
3	Tenaris	53.14 Bn	44.12 Bn	984.66	16.32%
4	TechnipFMC	30.70 Bn	29.46 Bn	1.40 Bn	-31.83%
5	Halliburton	29.75 Bn	27.71 Bn	2.10 Bn	13.62%
6	Nov	7.28 Bn	6.12 Bn	521.00 Mn	12.28%
7	Weatherford International	6.57 Bn	5.43 Bn	662.00 Mn	9.68%
8	Kodiak Gas Services	5.74 Bn	5.61 Bn	246.76 Mn	31.76%
9	Archrock	5.62 Bn	5.62 Bn	244.51 Mn	55.10%
10	Oceaneering International	5.22 Bn	4.59 Bn	156.98 Mn	11.49%

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