NOV Inc. (NOV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,141,000 | 2,139,000 | 2,138,000 | 1,874,000 | 1,827,000 | 1,779,000 | 1,679,000 | 1,531,000 | 1,334,000 | 1,093,000 | 910,000 | 832,000 | 774,000 | 506,000 | 460,000 | 366,000 | 434,000 | 876,000 | 888,000 | 813,000 |
| Revenue (ttm) | US$ in thousands | 8,869,000 | 8,899,000 | 8,893,000 | 8,770,000 | 8,578,000 | 8,313,000 | 8,017,000 | 7,651,000 | 7,237,000 | 6,681,000 | 6,133,000 | 5,823,000 | 5,524,000 | 5,334,000 | 5,377,000 | 5,456,000 | 6,090,000 | 7,044,000 | 7,786,000 | 8,422,000 |
| Gross profit margin | 24.14% | 24.04% | 24.04% | 21.37% | 21.30% | 21.40% | 20.94% | 20.01% | 18.43% | 16.36% | 14.84% | 14.29% | 14.01% | 9.49% | 8.55% | 6.71% | 7.13% | 12.44% | 11.41% | 9.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,141,000K ÷ $8,869,000K
= 24.14%
NOV Inc.'s gross profit margin has shown fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The gross profit margin increased from 9.65% as of March 31, 2020, to 24.14% by December 31, 2024. There were fluctuations in the gross profit margin during this period, with some quarters showing declines and others showing increases.
The trend in the gross profit margin indicates that NOV Inc. has been able to improve its efficiency in generating profits from its core business activities over time. The substantial increase in the gross profit margin from around 9.65% in March 2020 to 24.14% in December 2024 suggests that the company has managed its cost of goods sold effectively or increased the selling price of its products/services.
Overall, the increasing trend in the gross profit margin portrays improved profitability and operational efficiency for NOV Inc. It is essential for investors and stakeholders to monitor this metric over time to assess the company's ability to generate profits from its core operations.
Peer comparison
Dec 31, 2024