0001193125-26-048350
SEC filingNOV Inc. reported revenue of $8.74 billion for the fiscal year ended December 31, 2025, generating a gross profit of $1.77 billion. The company achieved operating profit of $494.0 million and net income attributable to the company of $145.0 million. Financial performance was impacted by $70.0 million in goodwill and long-lived asset impairments and a $66.0 million net other expense. The company demonstrated strong cash generation with net cash provided by operating activities totaling $1.25 billion. NOV maintained a robust liquidity position with $1.55 billion in cash and cash equivalents. During the fiscal year, the company returned significant capital to shareholders, paying $190.0 million in cash dividends and repurchasing $315.0 million of shares. The balance sheet reflects total assets of $11.29 billion against total liabilities of $4.97 billion, resulting in total stockholders' equity of $6.32 billion. The company also realized a $130.0 million gain on business divestiture during the period.
NOV Inc. reported solid financial results for the fiscal year ended December 31, 2025. Total revenue reached $8.74 billion, supported by cost of revenue of $6.98 billion, resulting in a gross profit of $1.77 billion. Operating profit settled at $494.0 million after accounting for $1.20 billion in selling, general, and administrative expenses and $70.0 million in goodwill and long-lived asset impairments. The company reported net income of $151.0 million, with $145.0 million attributable to NOV Inc. shareholders. The effective tax rate was significant, with a provision of $224.0 million against pre-tax income of $375.0 million.
The filing did not disclose specific segment breakdowns or geographic revenue mixes in the provided XBRL data. Revenue totaled $8.74 billion for the fiscal year. The cost of revenue was reported at $6.98 billion. No specific product or service line details were available in the provided financial data to analyze growth drivers by segment. The company realized a notable gain of $130.0 million on business divestiture, which contributed to the operating results, alongside a $16.0 million loss from equity investments in unconsolidated affiliates.
NOV Inc. achieved a gross margin of approximately 20.3% for the fiscal year. Operating margin stood at 5.6%. Profitability was pressured by $70.0 million in impairment charges and $66.0 million in other net expenses. Interest and financial costs of $88.0 million partially offset by $51.0 million in interest income impacted the bottom line. The company managed SG&A expenses at $1.20 billion, which represented a significant portion of the gross profit.
The company displayed strong cash generation capabilities. Net cash provided by operating activities was $1.25 billion. Capital expenditures totaled $375.0 million, resulting in a free cash flow of approximately $875.0 million. The balance sheet remains healthy with total assets of $11.29 billion and total liabilities of $4.97 billion. Cash and cash equivalents stood at $1.55 billion. Long-term debt was reported at $1.69 billion, with an additional $30.0 million classified as current. The company returned $505.0 million to shareholders through $315.0 million in share repurchases and $190.0 million in dividends.
The provided XBRL financial data and document content did not contain specific forward-looking statements, management guidance, or strategic priorities for the upcoming fiscal year. Risk factors were not detailed in the provided text. Investors should refer to the complete 10-K filing for management's discussion and analysis regarding future operations and market conditions.