NOV Inc. (NOV)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 620,000 | 628,000 | 527,000 | 420,000 | 238,000 | 66,000 | -59,000 | -150,000 | -235,000 | -534,000 | -586,000 | -702,000 | -2,784,000 | -2,890,000 | -2,958,000 | -8,580,000 | -6,464,000 | -5,995,000 | -5,781,000 | 10,000 |
| 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 |
| Pretax margin | 7.22% | 7.55% | 6.57% | 5.49% | 3.29% | 0.99% | -0.96% | -2.58% | -4.25% | -10.01% | -10.90% | -12.87% | -45.71% | -41.03% | -37.99% | -101.88% | -76.24% | -69.74% | -67.03% | 0.12% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $620,000K ÷ $8,583,000K
= 7.22%
The pretax margin of NOV Inc has shown a positive trend over the past eight quarters, indicating improvements in the company's profitability before accounting for taxes.
In Q4 2023, the pretax margin reached 7.13%, representing a slight decrease from the previous quarter's 7.43%, but remained at a relatively healthy level. This trend follows a general uptrend observed since Q1 2022, where the pretax margin steadily increased.
Comparing Q4 2023 to Q4 2022, the pretax margin has more than doubled from 3.29% to 7.13%, indicating a significant improvement in profitability over the past year. This upward trajectory suggests that NOV Inc has been effectively managing its expenses and generating more income relative to its revenue, which is a positive sign for shareholders and investors.
Overall, the consistent increase in pretax margin reflects improved operational efficiency and cost management within NOV Inc, potentially signaling a positive outlook for the company's financial performance in the foreseeable future.
Peer comparison
Dec 31, 2023