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NOV Cost of Goods Sold 2010-2025 | NOV

NOV annual/quarterly cost of goods sold history and growth rate from 2010 to 2025. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
  • NOV cost of goods sold for the quarter ending March 31, 2025 was $1.656B, a 2.42% decline year-over-year.
  • NOV cost of goods sold for the twelve months ending March 31, 2025 was $6.819B, a 1.12% decline year-over-year.
  • NOV annual cost of goods sold for 2024 was $6.86B, a 1.63% increase from 2023.
  • NOV annual cost of goods sold for 2023 was $6.75B, a 14.35% increase from 2022.
  • NOV annual cost of goods sold for 2022 was $5.903B, a 24.27% increase from 2021.
  
NOV Annual Cost of Goods Sold
(Millions of US $)
2024 $6,860
2023 $6,750
2022 $5,903
2021 $4,750
2020 $5,656
2019 $7,634
2018 $7,009
2017 $6,412
2016 $7,352
2015 $11,694
2014 $15,631
2013 $14,117
2012 $12,151
2011 $10,161
2010 $8,324
2009 $8,928
NOV Quarterly Cost of Goods Sold
(Millions of US $)
2025-03-31 $1,656
2024-12-31 $1,815
2024-09-30 $1,722
2024-06-30 $1,626
2024-03-31 $1,697
2023-12-31 $1,846
2023-09-30 $1,717
2023-06-30 $1,636
2023-03-31 $1,551
2022-12-31 $1,630
2022-09-30 $1,521
2022-06-30 $1,418
2022-03-31 $1,334
2021-12-31 $1,315
2021-09-30 $1,156
2021-06-30 $1,186
2021-03-31 $1,093
2020-12-31 $1,393
2020-09-30 $1,245
2020-06-30 $1,359
2020-03-31 $1,659
2019-12-31 $1,905
2019-09-30 $1,975
2019-06-30 $2,070
2019-03-31 $1,684
2018-12-31 $1,989
2018-09-30 $1,761
2018-06-30 $1,751
2018-03-31 $1,508
2017-12-31 $1,802
2017-09-30 $1,550
2017-06-30 $1,528
2017-03-31 $1,532
2016-12-31 $2,151
2016-09-30 $1,567
2016-06-30 $1,689
2016-03-31 $1,945
2015-12-31 $2,202
2015-09-30 $2,634
2015-06-30 $3,054
2015-03-31 $3,643
2014-12-31 $4,163
2014-09-30 $4,059
2014-06-30 $3,800
2014-03-31 $3,599
2013-12-31 $3,895
2013-09-30 $3,503
2013-06-30 $3,507
2013-03-31 $4,043
2012-12-31 $4,275
2012-09-30 $3,948
2012-06-30 $3,428
2012-03-31 $3,036
2011-12-31 $2,972
2011-09-30 $2,576
2011-06-30 $2,430
2011-03-31 $2,171
2010-12-31 $2,174
2010-09-30 $2,066
2010-06-30 $2,013
2010-03-31 $2,070
2009-12-31 $2,154
2009-09-30 $2,196
2009-06-30 $2,135
2009-03-31 $2,442
Sector Industry Market Cap Revenue
Business Services Technology Services $7.982B $7.237B
NOV Inc. is a world leader in the design, manufacture, and sale of comprehensive systems, components, products, and equipment used in oil and gas drilling and production worldwide. NOV divides its operations into 3 major segments: Rig Technologies, Completion & Production Solutions, and Wellbore Technologies. Rig Technologies unit designs and manufactures integrated drilling systems and components for land and offshore drilling rigs. It is also engaged in the delivery of consumables, spares and other necessary services to maintain the usefulness of the assets. Wellbore Technologies unit focuses on improving drilling performance at both land and offshore rigs through a vast array of tools and services. Completion & Production Solutions unit focuses on developing wellbore completions and achieving higher production though technological advancements to well intervention service providers and producers of oil and gas. NOV reached its current form following merger between National Oilwell and Varco International.
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