NOV Inc. (NOV)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 993,000 | 499,000 | 417,000 | 331,000 | 155,000 | 11,000 | -90,000 | -185,000 | -250,000 | -557,000 | -543,000 | -610,000 | -2,542,000 | -2,580,000 | -2,769,000 | -8,065,000 | -6,095,000 | -5,698,000 | -5,453,000 | -40,000 |
| Revenue (ttm) | US$ in thousands | 8,583,000 | 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 | 8,479,000 | 8,596,000 | 8,624,000 | 8,598,000 |
| Net profit margin | 11.57% | 6.00% | 5.20% | 4.33% | 2.14% | 0.16% | -1.47% | -3.18% | -4.53% | -10.44% | -10.10% | -11.18% | -41.74% | -36.63% | -35.56% | -95.76% | -71.88% | -66.29% | -63.23% | -0.47% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $993,000K ÷ $8,583,000K
= 11.57%
NOV Inc's net profit margin has shown an increasing trend over the past eight quarters, reflecting improved profitability. In Q4 2023, the net profit margin stood at 11.57%, a significant increase from the 6.00% reported in Q3 2023. This indicates that the company was able to convert a higher proportion of its revenue into profits in the latest quarter.
The positive trend in net profit margin is evident when comparing Q4 2023 to the same quarter in the previous year, where the margin was only 2.14%. This demonstrates a substantial improvement in profitability over the year.
The company's ability to consistently increase its net profit margin suggests effective cost management, revenue growth, or a combination of both. Furthermore, the improvement in profitability over multiple quarters may indicate that NOV Inc has implemented successful strategies to enhance operational efficiency and optimize its financial performance.
Overall, the increasing trend in NOV Inc's net profit margin is a positive indicator of the company's financial health and successful management of its profitability metrics.
Peer comparison
Dec 31, 2023