Nov (NOV) Tax Rate (2009 - 2026)
Nov (NOV) reported Tax Rate of 42.86% for Q1 2026, up 401.0% on a YoY basis from 8.55% in Q1 2025, and up 133.28% sequentially from 128.79% in Q4 2025.
Nov (NOV) Tax Rate (2009 - 2026) Analysis & Trends
Nov (NOV) has 18 years of Tax Rate data on file, last reported at 42.86% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 401.0% year-over-year to 42.86%; the trailing twelve-month figure through Mar 2026 stood at 13.84% (down 3646.0% YoY), and the FY2025 full-year result was 2.13%, down 2319.0% from the prior year.
- Tax Rate climbed to 42.86% in Q1 2026, from 128.79% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 45.31% in Q3 2022 to a low of 128.79% in Q4 2025.
- A 5-year average of 11.56% and a median of 25.29% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 5379 bps in 2023 and slumped 13733 bps in 2025, its largest moves.
- Tracing NOV's Tax Rate over 5 years: stood at 29.79% in 2022, then gained by 4 bps to 31.11% in 2023, then tumbled by 73 bps to 8.54% in 2024, then sank by 1608 bps to 128.79% in 2025, then soared by 133 bps to 42.86% in 2026.
- Business Quant data shows NOV's Tax Rate at 42.86% in Q1 2026, 128.79% in Q4 2025, and 39.73% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 20.40 |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | - |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 26.95 |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 18.45 |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 42.86 |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 44.00 |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 23.96 |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 34.15 |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 13.39 |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 85.38 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.86 |
| Mar 31, 2026 | 42.86 |
| Mar 31, 2026 | 42.86 |
| Dec 31, 2025 | -128.79 |
| Dec 31, 2025 | -128.79 |
| Dec 31, 2025 | -128.79 |
| Sep 30, 2025 | 39.73 |
| Sep 30, 2025 | 39.73 |
| Sep 30, 2025 | 39.73 |
| Jun 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.87 |
| Jun 30, 2025 | 0.87 |
| Mar 31, 2025 | 38.84 |
| Mar 31, 2025 | 38.84 |
| Mar 31, 2025 | 38.84 |
| Dec 31, 2024 | 8.54 |
| Dec 31, 2024 | 8.54 |
| Dec 31, 2024 | 8.54 |
| Sep 30, 2024 | 25.29 |
| Sep 30, 2024 | 25.29 |