NOV Inc. (NOV)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 635,000 | 1,073,000 | 1,057,000 | 986,000 | 993,000 | 499,000 | 417,000 | 331,000 | 156,000 | 12,000 | -89,000 | -184,000 | -250,000 | -557,000 | -543,000 | -610,000 | -2,542,000 | -2,580,000 | -2,769,000 | -8,065,000 |
| 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 |
| Net profit margin | 7.16% | 12.06% | 11.89% | 11.24% | 11.58% | 6.00% | 5.20% | 4.33% | 2.16% | 0.18% | -1.45% | -3.16% | -4.53% | -10.44% | -10.10% | -11.18% | -41.74% | -36.63% | -35.56% | -95.76% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $635,000K ÷ $8,869,000K
= 7.16%
NOV Inc.'s net profit margin has shown significant fluctuations over the past few years. The company experienced a period of negative net profit margins from March 2020 to June 2022, indicating that the company was not generating profits during these periods. However, there was a gradual improvement starting from September 2022, with the net profit margin turning positive.
From December 2022 to June 2024, NOV Inc.'s net profit margin showed a steady increase, reaching its peak at 12.06% in September 2024. This positive trend suggests that the company was able to generate a higher percentage of net profits relative to its revenue during this period.
However, there was a slight decline in the net profit margin in December 2024, dropping to 7.16%. This decrease could be a result of various factors affecting the company's profitability during that specific period.
Overall, NOV Inc.'s net profit margin has shown improvement after a period of negative margins, indicating better profitability and efficiency in managing its operations. It is essential for the company to continue monitoring and managing its expenses and revenue effectively to sustain this positive trend in the future.
Peer comparison
Dec 31, 2024