Filing Flows › NOV (NOV) › Q2 2025
NOV (NOV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
NOV (NOV) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +4% from the quarter before. Operating margin was 6.5%, net earnings $108M (4.9% of revenue).
NOV, Q2 2025: revenue $2.2B (-1% year over year), operating margin 6.5%, net earnings $108M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +4% | -1% |
| Gross profit | $446M | -0.2% | -24% |
| Operating profit | $143M | -6% | -54% |
| Net earnings | $108M | +48% | -52% |
| Operating cash flow | $191M | +41% | -56% |
| Free cash flow | $108M | +112% | -69% |
What changed
Revenue was $2.2B in Q2 2025, down 1% year over year and up 4% from the previous quarter.
Gross margin was 20.4%, down 6.2 points from a year earlier. Operating profit was $0.14B, a 6.5% margin (down 7.6 points year over year). Operating expenses grew 9% against a revenue fall of 1%. Net earnings were $0.11B, down 52% year over year. The effective tax rate was 0.9%.
Operating cash flow was $0.19B (down 56% year over year), 168% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.08B left free cash flow of $0.11B.
Questions
What was NOV's revenue in the second quarter 2025?
NOV (NOV) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +4% from the quarter before.
Was NOV profitable in the second quarter 2025?
Operating profit was $143M (6.5% of revenue) and net earnings $108M.
Source: NOV 10-Q on SEC EDGAR.