Filing Flows › NOV (NOV) › Q4 2025
NOV (NOV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
NOV (NOV) reported revenue of $2.3B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +5% from the quarter before. Operating margin was 4.0%, net loss $81.0M (3.6% of revenue).
NOV, Q4 2025: revenue $2.3B (-1% year over year), operating margin 4.0%, net loss $81.0M, operating cash flow $573M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +5% | -1% |
| Operating profit | $92.0M | -14% | — |
| Net earnings | −$81.0M | -293% | — |
| Operating cash flow | $573M | +63% | -3% |
| Free cash flow | $472M | +93% | -0.2% |
What changed
Revenue was $2.3B in Q4 2025, down 1% year over year and up 5% from the previous quarter.
Gross margin was 20.3%, down 1.1 points from a year earlier. Operating profit was $0.09B, a 4.0% margin (down 4.9 points year over year). Operating expenses grew 29% against a revenue fall of 1%. The quarter ended with a net loss of $0.08B, after a profit of $0.04B the previous quarter. Minority interests bore $3.0M of it: to shareholders the quarter was a loss of $0.08B.
Operating cash flow was $0.57B (down 3% year over year). Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.55B. Capital expenditures of $0.10B left free cash flow of $0.47B.
Questions
What was NOV's revenue in the fourth quarter 2025?
NOV (NOV) reported revenue of $2.3B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +5% from the quarter before.
Was NOV profitable in the fourth quarter 2025?
Operating profit was $92.0M (4.0% of revenue) and net loss $81.0M.
Source: NOV 10-K on SEC EDGAR.