Filing Flows › NOV (NOV) › Q3 2026 › vs Q3 2025
NOV (NOV) Q3 2026 vs Q3 2025 (year over year)
NOV's revenue rose $50.0M (+2%) from $2.2B in Q3 2025 to $2.2B in Q3 2026. Gross margin 19.7% against 18.9% (+0.8 pts).
NOV, Q3 2026: revenue $2.2B (+2% year over year), operating margin 6.4%, net earnings $90.0M, operating cash flow $41.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.7% | 18.9% | +0.8 pts |
| Operating margin | 6.4% | 4.9% | +1.5 pts |
| Net margin | 4.0% | 1.9% | +2.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $50.0M | +2% |
| Gross profit | $439M | $412M | $27.0M | +7% |
| Cost of revenue | $1.8B | $1.8B | $23.0M | +1% |
| Operating profit | $142M | $107M | $35.0M | +33% |
| Operating expenses | $297M | $305M | −$8.0M | -3% |
| Pre-tax earnings | $123M | $73.0M | $50.0M | +68% |
| Other expense, net | $19.0M | $34.0M | −$15.0M | -44% |
| Net earnings | $90.0M | $42.0M | $48.0M | +114% |
| Minority interests | $5.0M | $2.0M | $3.0M | +150% |
| Income tax | $28.0M | $29.0M | −$1.0M | -3% |
| Operating cash sources | $197M | $148M | $49.0M | +33% |
| Depreciation & amortization | $93.0M | $89.0M | $4.0M | +4% |
| Share-based compensation | $14.0M | $17.0M | −$3.0M | -18% |
| Working capital & other | $156M | −$204M | $360M | — |
| Operating cash flow | $41.0M | $352M | −$311M | -88% |
| Capital expenditures | $88.0M | $107M | −$19.0M | -18% |
| Negative free cash flow (OCF − capex) | $47.0M | −$245M | $292M | — |
Questions
How much did NOV's revenue grow year over year in Q3 2026?
NOV's revenue rose $50.0M (+2%) from $2.2B in Q3 2025 to $2.2B in Q3 2026. Gross margin 19.7% against 18.9% (+0.8 pts).