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
DateValue
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