Nov annual gross margin
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Nov Gross Margin Growth & History (NOV)
Nov's gross margin was 20.21% for fiscal 2025.
View full Nov company overviewNov annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.21% | −2.45 pp |
| 2024 | 2024-12-31 | 22.66% | +1.30 pp |
| 2023 | 2023-12-31 | 21.36% | +2.92 pp |
| 2022 | 2022-12-31 | 18.43% | +4.42 pp |
| 2021 | 2021-12-31 | 14.01% | +6.89 pp |
| 2020 | 2020-12-31 | 7.13% | −2.84 pp |
| 2019 | 2019-12-31 | 9.97% | −7.12 pp |
| 2018 | 2018-12-31 | 17.08% | +4.87 pp |
| 2017 | 2017-12-31 | 12.21% | +13.61 pp |
| 2016 | 2016-12-31 | −1.39% | −22.15 pp |
| 2015 | 2015-12-31 | 20.76% | −6.34 pp |
| 2014 | 2014-12-31 | 27.09% | +0.54 pp |
| 2013 | 2013-12-31 | 26.55% | −2.78 pp |
| 2012 | 2012-12-31 | 29.33% | −1.35 pp |
| 2011 | 2011-12-31 | 30.68% | −0.84 pp |
| 2010 | 2010-12-31 | 31.52% | +1.76 pp |
| 2009 | 2009-12-31 | 29.77% | −0.55 pp |
| 2008 | 2008-12-31 | 30.32% | +1.41 pp |
| 2007 | 2007-12-31 | 28.91% | — |
Nov quarterly gross margin
Q2.08
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q2.14
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Q4.14
Q1.15
Q2.15
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Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
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Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 18.47% | −2.79 pp |
| Q4 2025 | 2025-12-31 | 20.29% | −1.07 pp |
| Q3 2025 | 2025-09-30 | 18.93% | −2.47 pp |
| Q2 2025 | 2025-06-30 | 20.38% | −6.24 pp |
| Q1 2025 | 2025-03-31 | 21.26% | +0.00 pp |
| Q4 2024 | 2024-12-31 | 21.36% | +0.15 pp |
| Q3 2024 | 2024-09-30 | 21.41% | −0.01 pp |
| Q2 2024 | 2024-06-30 | 26.62% | +4.79 pp |
| Q1 2024 | 2024-03-31 | 21.25% | +0.30 pp |
| Q4 2023 | 2023-12-31 | 21.21% | −0.16 pp |
| Q3 2023 | 2023-09-30 | 21.42% | +1.94 pp |
| Q2 2023 | 2023-06-30 | 21.83% | +3.94 pp |
| Q1 2023 | 2023-03-31 | 20.95% | +7.12 pp |
| Q4 2022 | 2022-12-31 | 21.37% | +8.05 pp |
| Q3 2022 | 2022-09-30 | 19.48% | +5.69 pp |
| Q2 2022 | 2022-06-30 | 17.89% | +1.59 pp |
| Q1 2022 | 2022-03-31 | 13.82% | +1.33 pp |
| Q4 2021 | 2021-12-31 | 13.32% | +18.29 pp |
| Q3 2021 | 2021-09-30 | 13.80% | +3.75 pp |
| Q2 2021 | 2021-06-30 | 16.30% | +7.14 pp |
| Q1 2021 | 2021-03-31 | 12.49% | +0.59 pp |
| Q4 2020 | 2020-12-31 | −4.97% | −21.46 pp |
| Q3 2020 | 2020-09-30 | 10.04% | +2.94 pp |
| Q2 2020 | 2020-06-30 | 9.16% | +6.25 pp |
| Q1 2020 | 2020-03-31 | 11.90% | −1.30 pp |
| Q4 2019 | 2019-12-31 | 16.48% | −0.57 pp |
| Q3 2019 | 2019-09-30 | 7.10% | −11.14 pp |
| Q2 2019 | 2019-06-30 | 2.91% | −13.95 pp |
| Q1 2019 | 2019-03-31 | 13.20% | −2.79 pp |
| Q4 2018 | 2018-12-31 | 17.06% | +8.57 pp |
| Q3 2018 | 2018-09-30 | 18.25% | +2.71 pp |
| Q2 2018 | 2018-06-30 | 16.86% | +3.72 pp |
| Q1 2018 | 2018-03-31 | 15.99% | +3.98 pp |
| Q4 2017 | 2017-12-31 | 8.48% | +35.61 pp |
| Q3 2017 | 2017-09-30 | 15.53% | +10.73 pp |
| Q2 2017 | 2017-06-30 | 13.13% | +11.10 pp |
| Q1 2017 | 2017-03-31 | 12.00% | +0.86 pp |
| Q4 2016 | 2016-12-31 | −27.13% | −40.32 pp |
| Q3 2016 | 2016-09-30 | 4.80% | −15.53 pp |
| Q2 2016 | 2016-06-30 | 2.03% | −19.84 pp |
| Q1 2016 | 2016-03-31 | 11.15% | −13.27 pp |
| Q4 2015 | 2015-12-31 | 13.19% | −13.72 pp |
| Q3 2015 | 2015-09-30 | 20.33% | −7.02 pp |
| Q2 2015 | 2015-06-30 | 21.87% | −5.82 pp |
| Q1 2015 | 2015-03-31 | 24.42% | −1.97 pp |
| Q4 2014 | 2014-12-31 | 26.90% | −3.00 pp |
| Q3 2014 | 2014-09-30 | 27.35% | −0.62 pp |
| Q2 2014 | 2014-06-30 | 27.69% | +2.62 pp |
| Q1 2014 | 2014-03-31 | 26.39% | +2.57 pp |
| Q4 2013 | 2013-12-31 | 29.90% | −8.82 pp |
| Q3 2013 | 2013-09-30 | 27.97% | +2.19 pp |
| Q2 2013 | 2013-06-30 | 25.06% | −2.52 pp |
| Q1 2013 | 2013-03-31 | 23.82% | −5.63 pp |
| Q4 2012 | 2012-12-31 | 38.72% | +8.79 pp |
| Q3 2012 | 2012-09-30 | 25.78% | −5.35 pp |
| Q2 2012 | 2012-06-30 | 27.59% | −3.24 pp |
| Q1 2012 | 2012-03-31 | 29.44% | −1.55 pp |
| Q4 2011 | 2011-12-31 | 29.94% | −1.49 pp |
| Q3 2011 | 2011-09-30 | 31.12% | −0.26 pp |
| Q2 2011 | 2011-06-30 | 30.83% | −0.73 pp |
| Q1 2011 | 2011-03-31 | 30.99% | −0.74 pp |
| Q4 2010 | 2010-12-31 | 31.43% | +0.19 pp |
| Q3 2010 | 2010-09-30 | 31.38% | +2.52 pp |
| Q2 2010 | 2010-06-30 | 31.55% | +2.48 pp |
| Q1 2010 | 2010-03-31 | 31.73% | +1.88 pp |
| Q4 2009 | 2009-12-31 | 31.24% | +0.78 pp |
| Q3 2009 | 2009-09-30 | 28.86% | −0.64 pp |
| Q2 2009 | 2009-06-30 | 29.07% | — |
| Q1 2009 | 2009-03-31 | 29.85% | — |
| Q3 2008 | 2008-09-30 | 30.46% | — |
| Q2 2008 | 2008-06-30 | 29.50% | — |
Nov gross margin trends
Over the last five reported fiscal years, Nov's gross margin increased from 7.13% to 20.21%, a change of +13.08 percentage points. The latest reported quarter, Q1 2026, shows 18.47%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nov filings at SEC.gov ↗