NOV Inc.
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independe… Read more
NOV Inc. (NOV) - Net Assets
Latest net assets as of December 2025: $6.32 Billion USD
Based on the latest financial reports, NOV Inc. (NOV) has net assets worth $6.32 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.29 Billion) and total liabilities ($4.97 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.32 Billion |
| % of Total Assets | 55.99% |
| Annual Growth Rate | 15.03% |
| 5-Year Change | 24.84% |
| 10-Year Change | -54.85% |
| Growth Volatility | 53.45 |
NOV Inc. - Net Assets Trend (1996–2025)
This chart illustrates how NOV Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NOV Inc. (1996–2025)
The table below shows the annual net assets of NOV Inc. from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.32 Billion | -1.65% |
| 2024-12-31 | $6.43 Billion | +2.98% |
| 2023-12-31 | $6.24 Billion | +21.58% |
| 2022-12-31 | $5.13 Billion | +1.38% |
| 2021-12-31 | $5.06 Billion | -4.07% |
| 2020-12-31 | $5.28 Billion | -32.72% |
| 2019-12-31 | $7.85 Billion | -43.51% |
| 2018-12-31 | $13.89 Billion | -1.91% |
| 2017-12-31 | $14.16 Billion | +1.12% |
| 2016-12-31 | $14.00 Billion | -14.93% |
| 2015-12-31 | $16.46 Billion | -20.76% |
| 2014-12-31 | $20.77 Billion | -6.98% |
| 2013-12-31 | $22.33 Billion | +9.70% |
| 2012-12-31 | $20.36 Billion | +14.82% |
| 2011-12-31 | $17.73 Billion | +11.76% |
| 2010-12-31 | $15.86 Billion | +11.48% |
| 2009-12-31 | $14.23 Billion | +11.82% |
| 2008-12-31 | $12.72 Billion | +89.22% |
| 2007-12-31 | $6.72 Billion | +32.92% |
| 2006-12-31 | $5.06 Billion | +19.92% |
| 2005-12-31 | $4.22 Billion | +221.01% |
| 2004-12-31 | $1.31 Billion | +18.81% |
| 2003-12-31 | $1.11 Billion | +17.31% |
| 2002-12-31 | $942.97 Million | +8.69% |
| 2001-12-31 | $867.54 Million | +13.08% |
| 2000-12-31 | $767.21 Million | +94.18% |
| 1999-12-31 | $395.10 Million | +2.15% |
| 1998-12-31 | $386.80 Million | +39.29% |
| 1997-12-31 | $277.70 Million | +154.54% |
| 1996-12-31 | $109.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NOV Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 336600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.00 Million | 0.06% |
| Other Comprehensive Income | $-1.42 Billion | -22.52% |
| Other Components | $8.41 Billion | 133.11% |
| Total Equity | $6.32 Billion | 100.00% |
NOV Inc. Competitors by Market Cap
The table below lists competitors of NOV Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BILIBILI INC. DL -0001
F:71BB
|
$6.66 Billion |
|
Ashok Leyland Limited
NSE:ASHOKLEY
|
$6.67 Billion |
|
Clearwater Analytics Holdings Inc
NYSE:CWAN
|
$6.67 Billion |
|
Multi Commodity Exchange of India Limited
NSE:MCX
|
$6.68 Billion |
|
Hormel Foods Corporation
NYSE:HRL
|
$6.66 Billion |
|
Hang Lung Properties Ltd
PINK:HLPPY
|
$6.66 Billion |
|
HealthEquity Inc
NASDAQ:HQY
|
$6.65 Billion |
|
Nippon Sanso Holdings Corporation
PINK:TYNPF
|
$6.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NOV Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,376,000,000 to 6,322,000,000, a change of -54,000,000 (-0.8%).
- Net income of 145,000,000 contributed positively to equity growth.
- Dividend payments of 190,000,000 reduced retained earnings.
- Share repurchases of 315,000,000 reduced equity.
- Other comprehensive income increased equity by 201,000,000.
- Other factors increased equity by 105,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $145.00 Million | +2.29% |
| Dividends Paid | $190.00 Million | -3.01% |
| Share Repurchases | $315.00 Million | -4.98% |
| Other Comprehensive Income | $201.00 Million | +3.18% |
| Other Changes | $105.00 Million | +1.66% |
| Total Change | $- | -0.85% |
Book Value vs Market Value Analysis
This analysis compares NOV Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.91x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $1.34 | $18.66 | x |
| 1997-12-31 | $2.56 | $18.66 | x |
| 1998-12-31 | $2.83 | $18.66 | x |
| 1999-12-31 | $2.76 | $18.66 | x |
| 2000-12-31 | $4.75 | $18.66 | x |
| 2001-12-31 | $5.31 | $18.66 | x |
| 2002-12-31 | $5.71 | $18.66 | x |
| 2003-12-31 | $6.43 | $18.66 | x |
| 2004-12-31 | $7.49 | $18.66 | x |
| 2005-12-31 | $13.25 | $18.66 | x |
| 2006-12-31 | $14.21 | $18.66 | x |
| 2007-12-31 | $18.74 | $18.66 | x |
| 2008-12-31 | $31.65 | $18.66 | x |
| 2009-12-31 | $33.84 | $18.66 | x |
| 2010-12-31 | $37.58 | $18.66 | x |
| 2011-12-31 | $41.55 | $18.66 | x |
| 2012-12-31 | $47.40 | $18.66 | x |
| 2013-12-31 | $51.94 | $18.66 | x |
| 2014-12-31 | $48.12 | $18.66 | x |
| 2015-12-31 | $42.33 | $18.66 | x |
| 2016-12-31 | $37.04 | $18.66 | x |
| 2017-12-31 | $37.56 | $18.66 | x |
| 2018-12-31 | $36.74 | $18.66 | x |
| 2019-12-31 | $20.36 | $18.66 | x |
| 2020-12-31 | $13.57 | $18.66 | x |
| 2021-12-31 | $12.95 | $18.66 | x |
| 2022-12-31 | $12.93 | $18.66 | x |
| 2023-12-31 | $15.54 | $18.66 | x |
| 2024-12-31 | $16.10 | $18.66 | x |
| 2025-12-31 | $16.86 | $18.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NOV Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.66%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.79x
- Recent ROE (2.29%) is below the historical average (2.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 0.18% | 0.03% | 2.43x | 2.44x | $-10.71 Million |
| 1997 | 19.52% | 4.94% | 1.93x | 2.04x | $26.43 Million |
| 1998 | 21.03% | 5.61% | 1.77x | 2.11x | $42.66 Million |
| 1999 | -2.38% | -1.12% | 1.07x | 1.98x | $-48.90 Million |
| 2000 | 1.71% | 1.14% | 0.90x | 1.67x | $-63.58 Million |
| 2001 | 12.00% | 5.96% | 1.19x | 1.70x | $17.31 Million |
| 2002 | 7.83% | 4.80% | 0.77x | 2.11x | $-20.27 Million |
| 2003 | 7.31% | 3.98% | 0.89x | 2.06x | $-29.34 Million |
| 2004 | 8.89% | 4.97% | 0.89x | 2.00x | $-14.44 Million |
| 2005 | 6.84% | 6.18% | 0.70x | 1.59x | $-132.52 Million |
| 2006 | 13.62% | 9.74% | 0.78x | 1.80x | $181.65 Million |
| 2007 | 20.07% | 13.66% | 0.81x | 1.82x | $670.96 Million |
| 2008 | 15.46% | 14.53% | 0.63x | 1.70x | $689.24 Million |
| 2009 | 10.41% | 11.56% | 0.59x | 1.53x | $57.70 Million |
| 2010 | 10.59% | 13.71% | 0.53x | 1.46x | $92.20 Million |
| 2011 | 11.32% | 13.60% | 0.57x | 1.45x | $232.10 Million |
| 2012 | 12.31% | 14.49% | 0.55x | 1.56x | $467.10 Million |
| 2013 | 10.47% | 12.11% | 0.55x | 1.57x | $104.00 Million |
| 2014 | 12.09% | 11.67% | 0.64x | 1.62x | $432.80 Million |
| 2015 | -4.69% | -5.21% | 0.55x | 1.63x | $-2.41 Billion |
| 2016 | -17.32% | -33.26% | 0.34x | 1.52x | $-3.80 Billion |
| 2017 | -1.67% | -3.24% | 0.36x | 1.43x | $-1.65 Billion |
| 2018 | -0.22% | -0.37% | 0.43x | 1.43x | $-1.42 Billion |
| 2019 | -78.36% | -71.88% | 0.64x | 1.69x | $-6.87 Billion |
| 2020 | -48.79% | -41.74% | 0.61x | 1.91x | $-3.06 Billion |
| 2021 | -5.00% | -4.53% | 0.58x | 1.91x | $-749.70 Million |
| 2022 | 3.04% | 2.14% | 0.71x | 1.99x | $-354.60 Million |
| 2023 | 16.10% | 11.57% | 0.76x | 1.83x | $376.20 Million |
| 2024 | 9.96% | 7.16% | 0.78x | 1.78x | $-2.60 Million |
| 2025 | 2.29% | 1.66% | 0.77x | 1.79x | $-487.20 Million |
Industry Comparison
This section compares NOV Inc.'s net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NOV Inc. (NOV) | $6.32 Billion | 0.18% | 0.79x | $6.66 Billion |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |