Filing Flows › NOV (NOV) › How it makes money
How NOV (NOV) makes money
NOV (NOV) made $2.2B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 20¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.2B | 100.0% |
| Cost of revenue | $1.8B | 80.3% |
| Gross profit | $439M | 19.7% |
| Operating expenses | $297M | 13.3% |
| Operating profit | $142M | 6.4% |
| Income tax | $28.0M | 1.3% |
| Net earnings | $90.0M | 4.0% |
| Operating cash flow | $41.0M | 1.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.2B | +2% |
| Q2 2026 | $2.1B | -2% |
| Q1 2026 | $2.1B | -2% |
| Q4 2025 | $2.3B | -1% |
| Q3 2025 | $2.2B | -0.7% |
| Q2 2025 | $2.2B | -1% |
| Q1 2025 | $2.1B | -2% |
From NOV's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does NOV make money?
NOV (NOV) made $2.2B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 20¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is NOV's profit margin?
Net earnings were $90.0M, 4.0% of revenue, in the third quarter 2026; the operating margin was 6.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.