Nov (NOV) Tax Rate (2009 - 2026)
Nov's Tax Rate was 26.11% in Q2 2026, up 25.25 percentage points from 0.87% a year earlier but down 16.74 percentage points from the prior quarter.
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Analysis
Nov (NOV) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nov's Tax Rate was 70.09% through Jun 30, 2026, up 48.74 percentage points year-over-year; for FY2025, it came in at 59.73%, up 36.15 percentage points from FY2024.
- Tax Rate shows a five-year change of +51.03 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 23.59% in FY2024 (+84.53 pp), -60.95% in FY2023 (-95.82 pp), 34.87% in FY2022 (+41.40 pp) and -6.52% in FY2021 (-15.23 pp).
- Quarterly Tax Rate has moved between -340.74% (Q4 2023) and 222.73% (Q4 2025) over five years.
- Compared with a year earlier, Tax Rate has increased for four straight quarters, with an average year-over-year change of +73.85 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2024 (a gain of 359.84 percentage points); the worst was Q4 2023 (a drop of 370.53 percentage points).
- Per Business Quant data, NOV's Tax Rate in the three quarters before Q2 2026 was 42.86% (Q1 2026), 222.73% (Q4 2025) and 39.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 74.03 Bn | 71.14 Bn | 1.40 Bn | 20.02% |
| 2 | Baker Hughes | 55.51 Bn | 18.79 Bn | 1.58 Bn | 23.54% |
| 3 | TechnipFMC | 27.04 Bn | 23.19 Bn | 684.70 Mn | 23.96% |
| 4 | Halliburton | 26.27 Bn | 18.03 Bn | 804.00 Mn | 18.98% |
| 5 | Nov | 6.79 Bn | 1.58 Bn | 521.00 Mn | 26.11% |
| 6 | Noble | 6.70 Bn | 4.63 Bn | 239.27 Mn | - |
| 7 | Transocean | 5.82 Bn | 3.53 Bn | 358.00 Mn | 7.61% |
| 8 | Weatherford International | 5.77 Bn | 1.71 Bn | 333.00 Mn | 44.00% |
| 9 | Valaris | 5.44 Bn | 3.05 Bn | 123.70 Mn | 41.69% |
| 10 | Kodiak Gas Services | 5.22 Bn | 4.99 Bn | 246.76 Mn | 28.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Jun 30, 2015 | 26.85% |
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();