Nov (NOV) Return on Invested Capital [ROIC] (2009 - 2026)
Nov (NOV) posted Return on Invested Capital [ROIC] of 2.34% for Q3 2026, down 3.37 percentage points from 5.70% a year earlier but up 0.69 percentage points from the prior quarter.
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Analysis
Nov (NOV) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Nov's Return on Invested Capital [ROIC] came in at 2.45%, down 5.84 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +28.58 percentage points (FY2020 to FY2025).
- In prior years, Nov's Return on Invested Capital [ROIC] was 8.30% in FY2024 (-0.48 pp), 8.78% in FY2023 (+6.26 pp), 2.52% in FY2022 (+4.45 pp) and -1.93% in FY2021 (+24.20 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of -1.98% in Q4 2021 to a high of 10.09% in Q3 2024 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last eight quarters, with an average year-over-year change of -3.64 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2021, with a gain of 28.61 percentage points; the weakest was Q1 2026, with a drop of 6.26 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 1.65% (Q2 2026), 1.63% (Q1 2026) and 2.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 75.75 Bn | 72.19 Bn | 1.57 Bn | 9.30% |
| 2 | Baker Hughes | 48.42 Bn | 10.14 Bn | 1.96 Bn | 13.18% |
| 3 | Halliburton | 27.11 Bn | 19.06 Bn | 840.00 Mn | 13.16% |
| 4 | TechnipFMC | 25.53 Bn | 21.50 Bn | 728.70 Mn | 35.01% |
| 5 | Noble | 6.85 Bn | 4.92 Bn | 228.22 Mn | 1.51% |
| 6 | Nov | 6.35 Bn | 1.30 Bn | 439.00 Mn | 2.34% |
| 7 | Transocean | 6.08 Bn | 4.12 Bn | 348.00 Mn | 6.10% |
| 8 | Weatherford International | 6.08 Bn | 1.82 Bn | 374.00 Mn | 16.40% |
| 9 | Valaris | 5.60 Bn | 3.36 Bn | 176.30 Mn | 4.43% |
| 10 | Kodiak Gas Services | 4.49 Bn | 4.17 Bn | 259.04 Mn | 6.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.34% |
| Jun 30, 2026 | 1.65% |
| Mar 31, 2026 | 1.63% |
| Dec 31, 2025 | 2.44% |
| Sep 30, 2025 | 5.70% |
| Jun 30, 2025 | 6.63% |
| Mar 31, 2025 | 7.89% |
| Dec 31, 2024 | 8.15% |
| Sep 30, 2024 | 10.09% |
| Jun 30, 2024 | 10.04% |
| Mar 31, 2024 | 8.54% |
| Dec 31, 2023 | 8.53% |
| Sep 30, 2023 | 7.11% |
| Jun 30, 2023 | 5.81% |
| Mar 31, 2023 | 4.65% |
| Dec 31, 2022 | 2.54% |
| Sep 30, 2022 | 0.25% |
| Jun 30, 2022 | -0.16% |
| Mar 31, 2022 | -0.99% |
| Dec 31, 2021 | -1.98% |
API Access
Nov Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=NOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=NOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();