NOV (NOV) revenue breakdown
By segment, Energy Equipments is the largest at 55% of fiscal 2025 revenue, growing 9% a year over 3 years.
By product, Sales is the largest at 67% of fiscal 2025 revenue; Rental grew fastest, 5% a year over 9 years.
Revenue by segment
Fiscal years, as NOV reports them in its 10-K filings; fiscal 2025 total $8.9B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Energy Equipments | — | — | — | — | — | — | $3.8B | $4.7B | $4.9B | $4.9B | 55% |
| Energy Products and Services | — | — | — | — | — | — | $3.5B | $4.1B | $4.1B | $4.0B | 45% |
| Completion & Production Solutions | $2.2B | $2.7B | $2.9B | $2.8B | $2.4B | $2.0B | — | — | — | — | — |
| Wellbore Technologies | $2.2B | $2.6B | $3.2B | $3.2B | $1.9B | $2.0B | — | — | — | — | — |
| Rig Technologies | $3.1B | $2.3B | $2.6B | $2.7B | $1.9B | $1.7B | — | — | — | — | — |
Revenue by product
Fiscal years, as NOV reports them in its 10-K filings; fiscal 2025 total $8.7B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | $5.4B | $4.9B | $5.7B | $5.9B | $4.4B | $3.8B | $4.9B | $5.8B | $5.8B | $5.8B | 67% |
| Service | $1.3B | $1.5B | $1.6B | $1.5B | $1.1B | $1.1B | $1.5B | $1.8B | $2.0B | $2.0B | 22% |
| Rental | $604M | $884M | $1.1B | $1.1B | $590M | $641M | $882M | $1.0B | $1.0B | $963M | 11% |
Revenue by region
Fiscal years, as NOV reports them in its 10-K filings; fiscal 2025 total $8.7B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Countries | $2.2B | $1.9B | $2.2B | $2.5B | $2.3B | $1.8B | $4.6B | $4.6B | $4.6B | $3.9B | 45% |
| United States | $2.0B | $2.8B | $3.5B | $3.1B | $1.6B | $1.8B | $2.6B | $2.9B | $3.0B | $3.0B | 34% |
| Norway | — | — | — | — | — | — | — | $473M | $714M | $907M | 10% |
| Brazil | — | — | — | — | — | — | — | $605M | $618M | $896M | 10% |
| Norway | $339M | $295M | $368M | $512M | $464M | $365M | — | — | — | — | — |
| Saudi Arabia | $258M | $310M | $444M | $436M | $343M | $316M | — | — | — | — | — |
| Brazil | $242M | $498M | $415M | $269M | $224M | $316M | — | — | — | — | — |
| Singapore | $340M | $188M | $321M | $473M | $242M | — | — | — | — | — | — |
| China | $557M | $298M | $231M | $285M | $288M | $222M | — | — | — | — | — |
| Canada | $217M | $286M | $302M | $247M | $168M | $207M | — | — | — | — | — |
| United Kingdom | $299M | $279M | $309M | $333M | $222M | $204M | — | — | — | — | — |
| Argentina | — | — | — | — | — | $151M | — | — | — | — | — |
| United Arab Emirates | $334M | $223M | $248M | $224M | $221M | $130M | — | — | — | — | — |
| Australia | — | — | — | — | — | $88M | — | — | — | — | — |
| South Korea | $495M | $261M | $169M | $69M | $33M | — | — | — | — | — | — |
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Where does NOV make its money?
In fiscal 2025, by segment: Energy Equipments $4.9B, Energy Products and Services $4.0B.
From NOV's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.