NOV Inc. (NOV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 651,000 | 652,000 | 524,000 | 411,000 | 264,000 | 87,000 | -11,000 | -67,000 | -134,000 | -420,000 | -451,000 | -563,000 | -2,425,000 | -2,473,000 | -2,553,000 | -8,181,000 | -6,279,000 | -5,843,000 | -5,616,000 | 164,000 |
| 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 |
| Operating profit margin | 7.58% | 7.84% | 6.54% | 5.37% | 3.65% | 1.30% | -0.18% | -1.15% | -2.43% | -7.87% | -8.39% | -10.32% | -39.82% | -35.11% | -32.79% | -97.14% | -74.05% | -67.97% | -65.12% | 1.91% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $651,000K ÷ $8,583,000K
= 7.58%
NOV Inc's operating profit margin has shown a positive trend in the most recent quarters, with the margin increasing from 5.37% in Q1 2023 to 7.58% in Q4 2023. This indicates an improvement in the company's efficiency in generating profits from its core operations.
Comparing to the same quarter of the previous year, NOV Inc has made significant progress in enhancing its operational profitability, as seen by the rise from 3.65% in Q4 2022 to 7.58% in Q4 2023.
The company has managed to turn around negative operating profit margins in Q2 and Q1 of 2022 to positive margins in the subsequent quarters. This demonstrates efforts to control costs and improve operational efficiency over time.
Overall, NOV Inc's operating profit margin has been on an upward trajectory, reflecting improvements in operational efficiency and profitability in recent quarters. However, further analysis of the underlying factors driving these changes would be necessary to assess the sustainability of this trend.
Peer comparison
Dec 31, 2023