Filing Flows › NOV (NOV) › Q1 2025
NOV (NOV) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
NOV (NOV) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before. Operating margin was 7.2%, net earnings $74.0M (3.5% of revenue).
NOV, Q1 2025: revenue $2.1B (-2% year over year), operating margin 7.2%, net earnings $74.0M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -9% | -2% |
| Gross profit | $447M | -9% | -2% |
| Operating profit | $152M | -27% | -6% |
| Net earnings | $74.0M | -54% | -39% |
| Operating cash flow | $135M | -77% | — |
| Free cash flow | $51.0M | -89% | — |
What changed
Revenue was $2.1B in Q1 2025, down 2% year over year and down 9% from the previous quarter.
Gross margin was 21.3%, unchanged from a year earlier. Operating profit was $0.15B, a 7.2% margin (down 0.3 points year over year). Operating expenses fell 0% while revenue fell 2%. Net earnings were $0.07B, down 39% year over year. The effective tax rate was 38.8%.
Operating cash flow was $0.14B, 182% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.08B left free cash flow of $0.05B.
Questions
What was NOV's revenue in the first quarter 2025?
NOV (NOV) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -2% from a year earlier and -9% from the quarter before.
Was NOV profitable in the first quarter 2025?
Operating profit was $152M (7.2% of revenue) and net earnings $74.0M.
Source: NOV 10-Q on SEC EDGAR.