NOV reported third-quarter revenue of $2.23 billion, up roughly 2% year over year. Adjusted EBITDA margin was 12.6%, increasing 70 basis points from this time last year. Energy products and services performed particularly well, driven by strong growth in the Middle East and Latin America.
A renaissance in offshore activity can fully offset any headwinds for NOV and lead to meaningfully higher revenue.
Rig equipment demand won’t ever return to prior US shale revolution levels, permanently reducing customers’ need for NOV’s core offerings.
Metric | NOV | BKR | SLB |
|---|---|---|---|
Price/Earnings (Normalized) | 18.60 | 13.78 | 20.04 |
Price/Book Value | 1.01 | 2.36 | 2.83 |
Price/Sales | 0.74 | 1.66 | 2.04 |
Price/Cash Flow | 8.00 | 15.31 | 11.24 |
Metric | NOV | BKR | SLB |
|---|---|---|---|
Quick Ratio | 1.57 | 0.68 | 0.90 |
Current Ratio | 2.51 | 1.24 | 1.39 |
Interest Coverage | 4.88 | 9.26 | 8.55 |
Metric | NOV | BKR | SLB |
|---|---|---|---|
Return on Assets (Normalized) | 2.43% | 5.87% | 6.80% |
Return on Equity (Normalized) | 4.36% | 14.78% | 14.45% |
Return on Invested Capital (Normalized) | 3.49% | 9.99% | 10.25% |
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United States