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NOV vs Dnow: NOV and DNOW compared
NOV is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Dnow (Q3 2026). Dnow is growing faster (+111% against +2% a year earlier). NOV is more profitable, with an operating margin of 6.4% against 2.5%.
Where the money goes: NOV and DNOW
NOV (NOV) · Q3 2026
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 follows the revenue to costs, profit and cash.
Dnow (DNOW) · Q3 2026
Dnow, Q3 2026: revenue $1.3B (+111% year over year), operating margin 2.5%, net earnings $26.0M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| NOV (NOV) | Dnow (DNOW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $1.3B |
| Revenue growth, Y/Y | +2% | +111% |
| Gross margin | 19.7% | 19.8% |
| Operating margin | 6.4% | 2.5% |
| Net earnings | $90.0M | $26.0M |
| Net margin | 4.0% | 1.9% |
| Operating cash flow | $41.0M | $120M |
| Free cash flow | — | $106M |
| Market value | $6.4B | $2.4B |
| P/E | 43.2× | — |
| Analysts’ mean target | $22.25 | $18.75 |
Where the revenue comes from
Dnow
- Upstream: $486M (36%)
- Gas Utilities: $321M (24%)
- Midstream: $292M (22%)
- Downstream and Industrial: $238M (18%)
Questions
Which is bigger, NOV or Dnow?
NOV is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Dnow (Q3 2026).
Is NOV or Dnow growing faster?
Dnow is growing faster (+111% against +2% a year earlier).
Which is more profitable, NOV or Dnow?
NOV is more profitable, with an operating margin of 6.4% against 2.5%.
More: NOV earnings · how NOV makes money · Dnow earnings · how Dnow makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.