NOV Profit Margin 2010-2022 | NOV
Current and historical gross margin, operating margin and net profit margin for NOV (NOV) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. NOV net profit margin as of June 30, 2022 is -1.47%.
|NOV Annual Profit Margins
|NOV Quarterly Profit Margins
NOV Inc. is a world leader in the design, manufacture, and sale of comprehensive systems, components, products, and equipment used in oil and gas drilling and production worldwide. NOV divides its operations into 3 major segments: Rig Technologies, Completion & Production Solutions, and Wellbore Technologies. Rig Technologies unit designs and manufactures integrated drilling systems and components for land and offshore drilling rigs. It is also engaged in the delivery of consumables, spares and other necessary services to maintain the usefulness of the assets. Wellbore Technologies unit focuses on improving drilling performance at both land and offshore rigs through a vast array of tools and services. Completion & Production Solutions unit focuses on developing wellbore completions and achieving higher production though technological advancements to well intervention service providers and producers of oil and gas. NOV reached its current form following merger between National Oilwell and Varco International.