Other Countries was Nov’s largest region in fiscal 2025, bringing in $3.94B of $8.74B (45%).
| Geography | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment Geographical Groups Of Countries Group One | — | — | — | — | ||||||||||||||
| Total Revenue | — | — | — | — | ||||||||||||||
| United States | $2.60B | $2.93B | $2.98B | $3.00B | ||||||||||||||
| Us | — | — | — | — | ||||||||||||||
| International | — | — | — | — | ||||||||||||||
| Other Countries | $4.63B | $4.57B | $4.55B | $3.94B | ||||||||||||||
| North America | — | — | — | — | ||||||||||||||
| South Korea | — | — | — | — | ||||||||||||||
| Singapore | — | — | — | — | ||||||||||||||
| Sg | — | — | — | — | ||||||||||||||
| China | — | — | — | — | ||||||||||||||
| Norway | — | $473.00M | $714.00M | $907.00M | ||||||||||||||
| No | — | — | — | — | ||||||||||||||
| Brazil | — | $605.00M | $618.00M | $896.00M | ||||||||||||||
| United Kingdom | — | — | — | — | ||||||||||||||
| Gb | — | — | — | — | ||||||||||||||
| Canada | — | — | — | — | ||||||||||||||
| Ca | — | — | — | — | ||||||||||||||
| Saudi Arabia | — | — | — | — | ||||||||||||||
| United Arab Emirates | — | — | — | — | ||||||||||||||
| Total | $7.24B | $8.58B | $8.87B | $8.74B |
Nov brought in $8.74B from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 1.4% from $8.87B in fiscal 2024. Other Countries was the largest at $3.94B (45.1%), ahead of United States at $3.00B (34.3%) and Norway at $907.00M (10.4%). The remaining region, Brazil, brought in $896.00M.
Compared with fiscal 2024, Brazil grew fastest, up 45.0% to $896.00M, while Other Countries fell the most, down 13.4% to $3.94B.
Energy Equipments was Nov’s largest segment in fiscal 2025, bringing in $4.93B of $8.74B (56%).
| Segment | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rig Systems | — | — | — | — | ||||||||||||||
| Rig Technology | — | — | — | — | ||||||||||||||
| Energy Equipments | $3.82B | $4.67B | $4.89B | $4.93B | ||||||||||||||
| Petroleum Services & Supplies | — | — | — | — | ||||||||||||||
| Energy Products & Services | $3.54B | $4.08B | $4.13B | $3.98B | ||||||||||||||
| Wellbore Technologies | — | — | — | — | ||||||||||||||
| Completion & Production Solutions | — | — | — | — | ||||||||||||||
| Rig Aftermarket | — | — | — | — | ||||||||||||||
| Rig Technologies | — | — | — | — | ||||||||||||||
| Distribution & Transmission | — | — | — | — | ||||||||||||||
| Distribution Services | — | — | — | — | ||||||||||||||
| Revenues | — | — | — | — | ||||||||||||||
| Total Revenue | — | — | — | — | ||||||||||||||
| Intersegment Eliminations | -$119.00M | -$163.00M | -$148.00M | -$167.00M | ||||||||||||||
| Eliminations & Corporate Costs | — | — | — | — | ||||||||||||||
| Eliminations | — | — | — | — | ||||||||||||||
| Unallocated/Eliminations | — | — | — | — | ||||||||||||||
| Total | $7.24B | $8.58B | $8.87B | $8.74B |
Nov brought in $8.74B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 1.4% from $8.87B in fiscal 2024. Energy Equipments was the largest at $4.93B (56.4%), ahead of Energy Products & Services at $3.98B (45.5%).
Compared with fiscal 2024, Energy Equipments grew 0.9% to $4.93B, while Energy Products & Services fell 3.7% to $3.98B. From fiscal 2022 to 2025, combined revenue from these segments grew from $7.24B to $8.74B, a compound annual growth rate of 6.5%. Energy Equipments' share of the total rose from 52.8% to 56.4%.
The total is net of Intersegment Eliminations, which took $167.00M off revenue in fiscal 2025.
Capital Equipment was Nov’s largest segment in fiscal 2025, bringing in $4.22B of $8.74B (48%).
| Subsegments | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Continental | — | — | — | — | ||||||
| Capital Equipment | $3.32B | $3.89B | $3.86B | $4.22B | ||||||
| Aftermarket | $1.59B | $2.05B | $2.21B | $1.88B | ||||||
| Services & Rental | $1.74B | $1.96B | $2.00B | $1.96B | ||||||
| Product Sales | $586.00M | $678.00M | $806.00M | $674.00M | ||||||
| Intersegment Revenue | $119.00M | $163.00M | $148.00M | $167.00M | ||||||
| Intersegment Eliminations | -$119.00M | -$163.00M | -$148.00M | -$167.00M | ||||||
| Total | $7.24B | $8.58B | $8.87B | $8.74B |
Nov brought in $8.74B from its six segments in fiscal 2025, the year ended December 31, 2025. That was down 1.4% from $8.87B in fiscal 2024. Capital Equipment was the largest at $4.22B (48.3%), ahead of Services & Rental at $1.96B (22.4%) and Aftermarket at $1.88B (21.5%). The other two segments brought in $841.00M combined.
Compared with fiscal 2024, Capital Equipment grew fastest, up 9.3% to $4.22B, while Product Sales fell the most, down 16.4% to $674.00M. From fiscal 2022 to 2025, combined revenue from these segments grew from $7.24B to $8.74B, a compound annual growth rate of 6.5%. Capital Equipment's share of the total rose from 45.9% to 48.3%.
The total is net of Intersegment Eliminations, which took $167.00M off revenue in fiscal 2025.
Nov (NOV) reports its revenue by geography, by segment and by subsegments. In fiscal 2025, Other Countries was its largest region, bringing in $3.94B (45.1% of the total), followed by United States at $3.00B (34.3%).
Other Countries was Nov's largest region in fiscal 2025, bringing in $3.94B, or 45.1% of the $8.74B total across its four regions.
Energy Equipments was Nov's largest segment in fiscal 2025, bringing in $4.93B, or 56.4% of the $8.74B total across its three segments.
Among Nov's regions that make up at least 2% of revenue, Brazil grew fastest in fiscal 2025, up 45.0% from $618.00M to $896.00M.
Every figure comes from Nov's annual financial filings, as reported. Each line keeps the name Nov gives it, and years follow its fiscal calendar.
Nov's revenue by geography goes back to fiscal 2008, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.