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NOV

Global oilfield equipment and services provider

Overview

NOV Inc. provides equipment, technology, and services for the upstream oil and gas industry, designing, manufacturing, and selling drilling and production systems along with oilfield services and supply-chain solutions. Its offerings span complete drilling and production solutions and composite piping through Fiber Glass Systems to support safe, efficient operations and energy-transition projects. With a presence in over 500 locations on six continents, NOV differentiates itself by delivering integrated fabrication, equipment, services, and supply-chain capabilities across regions and markets, including renewables and industrial sectors. Its goal is to help operators run safer, more efficient, and more reliable upstream projects while expanding into energy-transition and other industrial markets.

Significant Headcount Growth

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About NOV

Simplify's Rating
Why NOV is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, TX

Founded

1841

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Simplify's take

What believers are saying

  • Q2 2026 revenue rose sequentially to $2.13 billion, with EBITDA margin reaching 13.3%.
  • NOV returned $127 million to shareholders in Q2 2026, supporting capital-allocation discipline.
  • Record Q1 fiberglass bookings and Brazil capacity expansion position NOV for offshore demand recovery.

What critics are saying

  • Q1 2026 Adjusted EBITDA fell to $177 million after $54 million Middle East disruption hit.
  • Bookings were only $474 million in Q2 2026, leaving backlog vulnerable to drilling softness.
  • Severance and facility-closure charges in Q1 and Q2 2026 signal ongoing restructuring pressure.

What makes NOV unique

  • NOV dominates flexible pipe and subsea tiebacks, winning Equinor's July 2026 Wave 1 contract.
  • Its $200 million Brazil expansion doubles flexible-pipe capacity through late 2029, locking in scale.
  • ReedHycalog's ION+ Stealth and iNOVaTHERM show proprietary drilling and waste-management engineering.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Health Insurance
  • Dental Insurance
  • Life Insurance
  • Paid Vacation
  • Paid Holidays

Stock Price

Growth & Insights and Company News

6 month growth

6%

1 year growth

6%

2 year growth

6%
Ocean News & Technology
Oct 30th, 2026
NOV Subsea technologies lands two Gulf Energy Information Excellence Awards.

NOV Subsea technologies lands two Gulf Energy Information Excellence Awards. * 30 October 2026 * Edited By: Haley McQueen Two technologies developed by NOV's Subsea Production Systems (SPS) business unit received top honors at the 2026 Gulf Energy Information Excellence Awards, recognizing advancements in subsea pipeline integrity and water treatment. Samuel holding a framed Gulf Energy Excellence Award 2026. (Image credit: NOV Subsea) NOV's Subsea Automated Pig Launcher (SAPL) won Best Pipeline Integrity Technology, while NOV's Subsea Water Treatment (SWT) system earned Best Enhanced Oil Recovery Technology. The awards were presented October 15 in Houston. Formerly known as the World Oil Awards, the program recognizes technical achievements across the energy industry. "We're grateful to receive these two awards, which recognize the hard work and technical expertise our team has put into developing these technologies. Looking ahead, we plan to continue commercializing these technologies in subsea field applications, where they can generate value for our customers by addressing flow assurance in two very different ways," said Wouter Van Korven, Vice President of Sales. Advancing subsea Pipeline Integrity. NOV's Subsea Automated Pig Launcher allows operators to perform multiple pipeline pigging operations remotely from the seabed, helping maintain pipeline integrity and flow assurance in challenging offshore environments. The system uses patented pig positioning technology to launch pigs sequentially through a single kicker line, reducing the number of valves and other subsea components required. A retrievable cassette holds up to 10 pigs and can be replaced using a remotely operated vehicle, limiting the need for intervention. Following several years of testing and development, SAPL completed technology qualification in August 2024. In 2025, NOV's team developed an all-electric system concept capable of operating with as little as 200 W of continuous input power. This advancement, which was central to the award submission, eliminates the need for hydraulic valve actuation and allows the system to integrate with all-electric subsea developments. Together, these capabilities give operators more flexibility when planning pipeline maintenance and flow assurance strategies for long-distance subsea tiebacks. Bringing Water Treatment to the seabed. NOV's Subsea Water Treatment system moves seawater treatment from topside facilities to the seabed, providing an alternative approach to water injection for reservoir pressure support and enhanced oil recovery. The system combines three treatment stages: Seabox(TM) technology for disinfection and sedimentation, ultrafiltration for solids removal, and nanomembrane technology for sulfate removal. Designed for long-term autonomous operation, SWT reduces the need for frequent maintenance and can help operators address topside space, weight, and processing constraints. Following qualification testing and successful pilot operation at the Ekofisk field in the Norwegian North Sea, NOV's team continued refining the technology. In 2025, further improvements to the system's modules and overall design helped reduce costs and prepare the technology for commercial deployment. Recognizing innovation across NOV. In addition to the two award-winning technologies, several other NOV innovations were named finalists in the 2026 Gulf Energy Information Excellence Awards. * Best Enhanced Oil Recovery Technology: Subsea Water Treatment (Winner) * Best Pipeline Integrity Technology: Subsea Automated Pig Launcher (Winner) * Best Digital Transformation: Upstream: Digital Seawater Treatment: AI Powered Predictive Operations Platform * Best Controls, Instrumentation, Automation Technology: Upstream: NordLink Wired Circulation Sub * Best Drilling Technology: ION+ Stealth Mach and Integrated HPHT Thermal and Pressure Management System The Gulf Energy Information Excellence Awards received a record number of nominations this year, making this recognition especially meaningful. Every nomination represents people who identified a challenge, developed a solution, and delivered technology that helps customers improve performance across their operations. Don't miss the headlines. ON&T's top news, every week. More in Milestones

Energy Workforce & Technology Council
Oct 29th, 2026
The impact of leadership: lessons from NOV's Lindsy Sallee.

The impact of leadership: lessons from NOV's Lindsy Sallee. Leadership goes beyond individual success. It's about the impact you have on others. Energy Workforce's Leadership Forum, hosted by NOV, featured EWTC Advisory Board Member Lindsy Sallee, Sr. Vice President, Rig Technologies, Sales & Product Line Management, NOV, for a discussion on how effective leadership is shaped by the decisions we make and the impact we leave on others. Drawing from her career experiences, Sallee shared perspectives on navigating difficult decisions, advocating for your team, and empowering individuals to succeed. She emphasized that leadership requires giving others the opportunity to grow and recognizing how everyday interactions can have a lasting impact. Sallee also addressed the responsibility leaders have to empower their teams by allowing individuals to approach challenges in their own way. Rather than stepping in to take control, she encouraged leaders to provide guidance when needed while giving employees the opportunity to take ownership of their work and develop their capabilities. "As a leader, your words have a lasting impact on others. Be intentional with what you say and how you communicate," said Sallee. Reinforcing this message, Sallee noted that leadership is demonstrated not only through decision-making but also through everyday interactions. The way leaders communicate, provide feedback, and support their teams can influence individual development and the success of an organization. The forum wrapped up with a Q&A session, giving attendees the opportunity to hear more about the experiences and lessons that have shaped Sallee's leadership approach, including navigating organizational change and evolving her management style throughout her career. Thank you to Lindsy Sallee and Emerging Executives Committee Chair Nathan King, NOV. Special thanks to NOV for hosting!

Yahoo Finance
Oct 29th, 2026
NOV Q3 revenue rises 2% to $2.23B as offshore momentum offsets Middle East drag

NOV Inc reported third-quarter revenue of $2.23 billion, up 4% from the previous quarter and 2% from a year earlier. Net income was $90 million, or $0.25 per diluted share, and adjusted EBITDA reached $281 million. Both segments improved margins. Energy Equipment revenue was $1.22 billion, with orders up 22% sequentially. Energy Products and Services revenue rose 9% to $1.06 billion. Free cash flow was a use of $47 million, as the Middle East conflict delayed billings and collections. The company expects Middle East activity to fall by a mid-single-digit percentage in the fourth quarter, and now sees full-year Energy Equipment book-to-bill at 80% to 85%. Chief executive officer Jose Bayardo said the 2027 offshore pipeline "looks fantastic," and NOV expects 2027 bookings to exceed 2026 and 2025.

Yahoo Finance
Oct 27th, 2026
NOV Q3 revenue rises 2.3% to $2.23B, beating estimates, but shares fall 2.5%

Oilfield equipment maker NOV (NYSE:NOV) beat revenue expectations in the third quarter of 2026. Revenue rose 2.3% year on year to $2.23 billion, against analyst estimates of $2.19 billion. GAAP earnings of $0.25 per share matched forecasts. Adjusted EBITDA reached $281 million, 9.5% above estimates, with a 12.6% margin. Operating margin rose to 6.4% from 4.9% a year earlier. Free cash flow turned negative at -$47 million, compared with $245 million in the same quarter last year. Chief executive officer Jose Bayardo credited support for Middle East customers and higher manufacturing output against a growing backlog of capital equipment orders. Shares fell 2.5% to $20.05 after the report, giving NOV a market value of $7.20 billion.

GlobeNewswire
Sep 2nd, 2026
Sapphire Technologies prepares for expansion with appointment of Juan Villa as Vice President of Operations.

Sapphire Technologies prepares for expansion with appointment of Juan Villa as Vice President of Operations. Addition strengthens the company's operational leadership as Sapphire scales manufacturing capacity to support growing global data center demand. CYPRESS, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) - Sapphire Technologies, a leading manufacturer of power and cooling equipment, today announced the appointment of Juan Villa as Vice President of Operations. Villa joins Sapphire with more than 20 years of experience across manufacturing, supply chain, finance, logistics and operational excellence. His appointment comes as Sapphire continues to scale its manufacturing capabilities and global deployment strategy to meet growing demand for efficient power and cooling solutions. Sustained growth in artificial intelligence, data centers, and other energy-intensive industries has created opportunities for Sapphire to expand its product offerings and manufacturing capabilities. As developers and energy service companies continue to adopt its FreeSpin(R) technology to supply clean power and cooling to data center campuses, strengthening operational capabilities and expanding its manufacturing staff will be critical to supporting the company's next stage of growth. In his new role, Villa will lead Sapphire's manufacturing, supply chain and quality organizations, with responsibility for scaling production of the company's active magnetic bearings, variable frequency drives, controllers, and permanent magnet generators and motors. He will also oversee supplier strategy, quality processes and operational execution while working closely with engineering and sales to support customer deployments and long-term growth. "Juan's appointment comes at an important point in Sapphire's evolution," said Freddie Sarhan, CEO of Sapphire Technologies. "The opportunity in front of us is expanding at an unprecedented rate. As we scale, we need the operational discipline and systems to manufacture and deploy our technology efficiently across more customers, markets and applications. Juan's experience building high-performing, multi-site operations will be instrumental in helping us do that." Villa joins Sapphire following 14 years at NOV, where he progressed through leadership positions spanning logistics, supply chain, manufacturing and operational excellence. He spent many years overseeing multi-site manufacturing operations across the United States and Mexico. "Sapphire has reached an exciting stage where strong execution will be just as important as continued innovation," said Villa. "I'm excited to work with the team to build scalable manufacturing and supply chain operations that support the company's growth while maintaining the quality, responsiveness and operational discipline our customers expect." Before NOV, Villa held finance and operations roles at Fisker Automotive, Kia Motors America and Mazda North America. He began his career with the United States Marine Corps. About Sapphire Technologies Sapphire Technologies develops and manufactures modular power generation and cooling solutions for data centers, gas infrastructure, and utilities. Since 2021, Sapphire's FreeSpin(R) In-line Turboexpanders have been deployed in the energy sector to deliver reliable, clean generation. Scalable from kilowatt- to megawatt-class installations, Sapphire's systems help infrastructure owners rapidly add new power and cooling capacity, improve operational efficiency, reduce carbon emissions, and lower electricity costs while creating new revenue opportunities. For more information, visit www.sapphiretechnologies.com.

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