For this period, NOV reports a gross margin of 20.7%, an operating margin of 5.5%, an EBITDA margin of 9.5%, and a net margin of 1.6%. The biggest positive change was in gross margin, increasing 0.2 percentage points. The biggest negative change was in net margin, decreasing 2.8 percentage points.
NOV margin history
NOV's margins averaged 21.33% gross, 7.43% operating, 11.43% EBITDA, and 6.32% net during the last 3 years. Currently, all four current margins are below their three-year averages.
NOV margin expansion
Gross margin expanded by 0.2 percentage points, while operating margin contracted by 1.4 percentage points, EBITDA margin by 1.2 percentage points, and net margin by 2.8 percentage points.
NOV Gross margin
Over the last 3 years, the average gross margin for NOV was 21.33%. The current gross margin stands at 20.7%, 0.6 percentage points below its three-year average. NOV's gross margin ranged from a low of 19.5% in Mar 2026 to a high of 22.7% in Mar 2025.
NOV Operating margin
Across the last 3 years, NOV's operating margin averaged 7.43%. As of the latest period, NOV's current operating margin is 5.5%, which is 1.9 percentage points below its three-year average. Operating margin was highest at 9.9% in Dec 2024 and lowest at 4.5% in Mar 2026.
NOV EBITDA margin
Over the last 3 years, NOV's EBITDA margin averaged 11.43%. The current EBITDA margin of 9.5% is 1.9 percentage points below its three-year average. During this period, EBITDA margin reached a high of 14.3% in Dec 2024 and a low of 8.4% in Mar 2026.
NOV Net margin
NOV's net margin averaged 6.32% in the last 3 years. Compared with its three-year average, NOV's current net margin is 1.6% and is 4.7 percentage points below its three-year average. Over the last 3 years, NOV's net margin peaked at 12% in Sep 2024 and reached a low of 1% in Mar 2026.
NOV margin group comparison
NOV's gross margin of 20.7% is below the Energy sector, the industry and its peers average. Looking at its Energy sector average of 42.7%, NOV's gross margin is 52% lower.
NOV margin peer comparison
Frequently asked questions
What is NOV's gross margin?
The current gross margin for NOV is 20.7% as of Sep 30, 2026.
What is NOV's operating margin?
The current operating margin for NOV is 5.5% as of Sep 30, 2026.
What is NOV's EBITDA margin?
As of Sep 30, 2026, NOV has an EBITDA margin of 9.5%.
What is NOV's net margin?
As of Sep 30, 2026, NOV has a net margin of 1.6%.
What are the average margins of NOV?
NOV's average margins over the last 3 years were 21.3% gross, 7.4% operating, 11.4% EBITDA, and 6.3% net.
What are the highest historical margins of NOV?
Over this 5-year history, NOV peaked at 22.7% gross in Mar 2025, 9.9% operating in Dec 2024, 14.3% EBITDA in Dec 2024, and 12% net in Sep 2024.
What are the lowest historical margins of NOV?
Across the 5-year period, NOV posted its lowest margins at 14% gross in Dec 2021, -2.4% operating in Dec 2021, 2.7% EBITDA in Dec 2021, and -4.5% net in Dec 2021.