Nov (NOV) Tax Rate (2009 - 2026)
Nov's Tax Rate was 22.76% in Q3 2026, down 16.96 percentage points from 39.73% a year earlier and down 3.35 percentage points from the prior quarter.
Powered by 
Analysis
Nov (NOV) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nov's Tax Rate was 60.63% through Sep 30, 2026, up 37.99 percentage points year-over-year; for FY2025, it came in at 59.73%, up 36.15 percentage points from FY2024.
- Tax Rate shows a three-year change of +24.86 percentage points (FY2022 to FY2025).
- In earlier years, Tax Rate was 23.59% in FY2024 and 34.87% in FY2022.
- The Q3 2026 figure marks the lowest quarterly Tax Rate since Q2 2025.
- Compared with a year earlier, Tax Rate was higher in five of the last seven quarters, with an average year-over-year change of +31.36 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2025 (a gain of 203.63 percentage points); the worst was Q2 2025 (a drop of 23.02 percentage points).
- Per Business Quant data, NOV's Tax Rate in the three quarters before Q3 2026 was 26.11% (Q2 2026), 42.86% (Q1 2026) and 222.73% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 73.81 Bn | 70.26 Bn | 1.57 Bn | 23.45% |
| 2 | Baker Hughes | 47.88 Bn | 9.61 Bn | 1.96 Bn | 18.69% |
| 3 | Halliburton | 26.33 Bn | 18.23 Bn | 840.00 Mn | 18.32% |
| 4 | TechnipFMC | 25.25 Bn | 21.22 Bn | 728.70 Mn | 19.94% |
| 5 | Noble | 6.55 Bn | 4.63 Bn | 228.22 Mn | 830.35% |
| 6 | Nov | 6.31 Bn | 1.20 Bn | 439.00 Mn | 22.76% |
| 7 | Weatherford International | 6.04 Bn | 1.78 Bn | 374.00 Mn | 3.10% |
| 8 | Transocean | 5.85 Bn | 3.89 Bn | 348.00 Mn | - |
| 9 | Valaris | 5.52 Bn | 3.27 Bn | 176.30 Mn | 53.94% |
| 10 | Kodiak Gas Services | 4.21 Bn | 3.97 Bn | 246.76 Mn | 28.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.76% |
| Jun 30, 2026 | 26.11% |
| Mar 31, 2026 | 42.86% |
| Dec 31, 2025 | 222.73% |
| Sep 30, 2025 | 39.73% |
| Jun 30, 2025 | 0.87% |
| Mar 31, 2025 | 38.84% |
| Dec 31, 2024 | 19.10% |
| Sep 30, 2024 | 25.29% |
| Jun 30, 2024 | 23.89% |
| Mar 31, 2024 | 26.67% |
| Sep 30, 2023 | 30.77% |
| Jun 30, 2023 | 10.80% |
| Mar 31, 2023 | 13.79% |
| Dec 31, 2022 | 29.79% |
| Sep 30, 2022 | 45.31% |
| Dec 31, 2018 | 63.41% |
| Sep 30, 2018 | 87.88% |
| Jun 30, 2018 | 16.67% |
| Sep 30, 2015 | 18.75% |
API Access
Nov Tax Rate 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=tax-rate&ticker=NOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();