NOV Inc. (NOV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,007,000 | 955,000 | 944,000 | 681,000 | 645,000 | 652,000 | 552,000 | 439,000 | 297,000 | 120,000 | -6,000 | -62,000 | -134,000 | -420,000 | -451,000 | -563,000 | -2,425,000 | -2,473,000 | -2,553,000 | -8,181,000 |
| 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 |
| Operating profit margin | 11.35% | 10.73% | 10.62% | 7.77% | 7.52% | 7.84% | 6.89% | 5.74% | 4.10% | 1.80% | -0.10% | -1.06% | -2.43% | -7.87% | -8.39% | -10.32% | -39.82% | -35.11% | -32.79% | -97.14% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,007,000K ÷ $8,869,000K
= 11.35%
The operating profit margin of NOV Inc. has shown a significant improvement over the past few years. Starting at a very low negative margin in March 2020, the company gradually improved its performance, moving towards a positive margin. The margin remained negative until the end of March 2022, indicating operational inefficiencies or challenges faced by the company.
However, from June 2022 onwards, NOV Inc. managed to turn the tide, with the operating profit margin steadily increasing. By December 2024, the company achieved an operating profit margin of 11.35%, reflecting an impressive turnaround in its operational efficiency and profitability.
Overall, the trend in NOV Inc.'s operating profit margin demonstrates a positive trajectory, signaling improvements in the company's cost management and revenue generation capabilities. This increased margin indicates that the company is operating more efficiently and effectively, which bodes well for its financial performance and future prospects.
Peer comparison
Dec 31, 2024