NOV Inc. (NOV) — Tangible Net Worth Ratio
NOV Inc. (NOV) has a Tangible Net Worth Ratio of 92.9% as of March 2026. This metric is calculated by deducting intangible assets ($442.00 Million) from net assets ($6.27 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of NOV Inc. to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
NOV Inc. Tangible Net Worth Ratio (1996–2025)
This chart shows how NOV Inc.'s Tangible Net Worth Ratio has changed across 30 annual periods from 1996 to 2025. As of March 2026, the ratio stands at 92.9%, reflecting net assets of $6.27 Billion with intangible assets of $442.00 Million USD. For live market cap and overall valuation, see NOV Inc. stock valuation.
Annual Tangible Net Worth Ratio for NOV Inc. (1996–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for NOV Inc. from 1996 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore NOV capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.8% | $6.32 Billion | $455.00 Million | $11.29 Billion | ▲ +0.7 pp |
| 2024 | 92.1% | $6.43 Billion | $508.00 Million | $11.36 Billion | ▼ -0.7 pp |
| 2023 | 92.8% | $6.24 Billion | $450.00 Million | $11.29 Billion | ▲ +2.3 pp |
| 2022 | 90.5% | $5.13 Billion | $490.00 Million | $10.13 Billion | ▲ +0.4 pp |
| 2021 | 90.1% | $5.06 Billion | $503.00 Million | $9.55 Billion | ▲ +0.1 pp |
| 2020 | 90.0% | $5.28 Billion | $527.00 Million | $9.93 Billion | ▲ +0.9 pp |
| 2019 | 89.1% | $7.85 Billion | $852.00 Million | $13.15 Billion | ▲ +10.9 pp |
| 2018 | 78.3% | $13.89 Billion | $3.02 Billion | $19.80 Billion | ▲ +1.6 pp |
| 2017 | 76.7% | $14.16 Billion | $3.30 Billion | $20.21 Billion | ▲ +1.9 pp |
| 2016 | 74.8% | $14.00 Billion | $3.53 Billion | $21.14 Billion | ▼ -1.8 pp |
| 2015 | 76.6% | $16.46 Billion | $3.85 Billion | $26.73 Billion | ▼ -2.0 pp |
| 2014 | 78.6% | $20.77 Billion | $4.44 Billion | $33.56 Billion | ▲ +1.2 pp |
| 2013 | 77.4% | $22.33 Billion | $5.05 Billion | $34.81 Billion | ▲ +0.7 pp |
| 2012 | 76.7% | $20.36 Billion | $4.74 Billion | $31.48 Billion | ▼ -0.3 pp |
| 2011 | 77.0% | $17.73 Billion | $4.07 Billion | $25.52 Billion | ▲ +2.9 pp |
| 2010 | 74.1% | $15.86 Billion | $4.10 Billion | $23.05 Billion | ▲ +2.6 pp |
| 2009 | 71.5% | $14.23 Billion | $4.05 Billion | $21.53 Billion | ▲ +5.3 pp |
| 2008 | 66.2% | $12.72 Billion | $4.30 Billion | $21.48 Billion | ▼ -22.3 pp |
| 2007 | 88.5% | $6.72 Billion | $774.10 Million | $12.11 Billion | ▲ +2.4 pp |
| 2006 | 86.1% | $5.06 Billion | $705.20 Million | $9.02 Billion | ▲ +50.8 pp |
| 2005 | 35.3% | $4.22 Billion | $2.73 Billion | $6.68 Billion | ▼ -57.8 pp |
| 2004 | 93.1% | $1.31 Billion | $91.00 Million | $2.60 Billion | ▲ +53.3 pp |
| 2003 | 39.7% | $1.11 Billion | $666.62 Million | $2.24 Billion | ▲ +1.4 pp |
| 2002 | 38.3% | $942.97 Million | $581.58 Million | $1.97 Billion | ▼ -21.1 pp |
| 2001 | 59.4% | $867.54 Million | $352.09 Million | $1.47 Billion | ▲ +2.3 pp |
| 2000 | 57.1% | $767.21 Million | $329.34 Million | $1.28 Billion | ▲ +1.2 pp |
| 1999 | 55.8% | $395.10 Million | $174.50 Million | $782.30 Million | ▼ -6.5 pp |
| 1998 | 62.3% | $386.80 Million | $145.70 Million | $818.00 Million | ▼ -29.0 pp |
| 1997 | 91.3% | $277.70 Million | $24.20 Million | $567.50 Million | ▼ -2.9 pp |
| 1996 | 94.2% | $109.10 Million | $6.30 Million | $266.70 Million | — |