NOV Inc.

NOV

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

8,865

Cost of Revenue

6,735

Gross Profit

2,130

Gross Margin

24.0%

Operating Income

996

Operating Margin

11.2%

Net Income

635

Net Margin

7.2%

EPS (Basic)

$1.62

EPS (Diluted)

$1.60

EBITDA

1,265

EBITDA Margin

14.3%

2023

12/31/2023

Revenue

8,572

Cost of Revenue

6,759

Gross Profit

1,813

Gross Margin

21.2%

Operating Income

631

Operating Margin

7.4%

Net Income

993

Net Margin

11.6%

EPS (Basic)

$2.53

EPS (Diluted)

$2.50

EBITDA

1,002

EBITDA Margin

11.7%

2022

12/31/2022

Revenue

7,234

Cost of Revenue

5,909

Gross Profit

1,325

Gross Margin

18.3%

Operating Income

255

Operating Margin

3.5%

Net Income

155

Net Margin

2.1%

EPS (Basic)

$0.40

EPS (Diluted)

$0.39

EBITDA

617

EBITDA Margin

8.5%

2021

12/31/2021

Revenue

5,525

Cost of Revenue

4,742

Gross Profit

783

Gross Margin

14.2%

Operating Income

-125

Operating Margin

-2.3%

Net Income

-250

Net Margin

-4.5%

EPS (Basic)

$-0.63

EPS (Diluted)

$-0.63

EBITDA

153

EBITDA Margin

2.8%

2020

12/31/2020

Revenue

6,073

Cost of Revenue

5,650

Gross Profit

423

Gross Margin

7.0%

Operating Income

-545

Operating Margin

-9.0%

Net Income

-2,542

Net Margin

-41.9%

EPS (Basic)

$-6.61

EPS (Diluted)

$-6.61

EBITDA

-2,343

EBITDA Margin

-38.6%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	8,865	8,572	7,234	5,525	6,073
Cost of Revenue	6,735	6,759	5,909	4,742	5,650
Gross Profit	2,130	1,813	1,325	783	423
Gross Margin	24.0%	21.2%	18.3%	14.2%	7.0%
Operating Income	996	631	255	-125	-545
Operating Margin	11.2%	7.4%	3.5%	-2.3%	-9.0%
Net Income	635	993	155	-250	-2,542
Net Margin	7.2%	11.6%	2.1%	-4.5%	-41.9%
EPS (Basic)	$1.62	$2.53	$0.40	$-0.63	$-6.61
EPS (Diluted)	$1.60	$2.50	$0.39	$-0.63	$-6.61
EBITDA	1,265	1,002	617	153	-2,343
EBITDA Margin	14.3%	11.7%	8.5%	2.8%	-38.6%