Flagship explainer

How NOV INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$8.7B · 100%Cost of revenue$7.0B · 80%Gross profit$1.8B · 20%Operating income$494M · 6%Income before tax$375M · 4%Income tax$224M · 3%Net income$145M · 2%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$8.7B100%
Cost of revenue$7.0B80%
$1.8B20%
$494M6%
Income before tax$375M4%
Income tax$224M3%
$145M2%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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