Filing Flows › NOV (NOV) › Q3 2025
NOV (NOV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
NOV (NOV) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and -0.5% from the quarter before. Operating margin was 4.9%, net earnings $42.0M (1.9% of revenue).
NOV, Q3 2025: revenue $2.2B (-0.7% year over year), operating margin 4.9%, net earnings $42.0M, operating cash flow $352M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -0.5% | -0.7% |
| Gross profit | $412M | -8% | -12% |
| Operating profit | $107M | -25% | -45% |
| Net earnings | $42.0M | -61% | -68% |
| Operating cash flow | $352M | +84% | -2% |
| Free cash flow | $245M | +127% | -12% |
What changed
Revenue was $2.2B in Q3 2025, down 1% year over year and down 1% from the previous quarter.
Gross margin was 18.9%, down 2.5 points from a year earlier. Operating profit was $0.11B, a 4.9% margin (down 3.9 points year over year). Operating expenses grew 11% against a revenue fall of 1%. Net earnings were $0.04B, down 68% year over year. The effective tax rate was 39.7%.
Operating cash flow was $0.35B (down 2% year over year), 800% 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 added $0.20B. Capital expenditures of $0.11B left free cash flow of $0.24B.
Questions
What was NOV's revenue in the third quarter 2025?
NOV (NOV) reported revenue of $2.2B for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and -0.5% from the quarter before.
Was NOV profitable in the third quarter 2025?
Operating profit was $107M (4.9% of revenue) and net earnings $42.0M.
Source: NOV 10-Q on SEC EDGAR.