NOV Pretax Profit Margin from 2010 to 2024

NOV Stock  USD 16.61  0.21  1.28%   
NOV Pretax Profit Margin yearly trend continues to be fairly stable with very little volatility. Pretax Profit Margin is likely to outpace its year average in 2024. During the period from 2010 to 2024, NOV Pretax Profit Margin regression line of quarterly data had mean square error of  0.07 and geometric mean of  0.07. View All Fundamentals
 
Pretax Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.07139524
Current Value
0.075
Quarterly Volatility
0.26841373
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NOV financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NOV's main balance sheet or income statement drivers, such as Depreciation And Amortization of 369.1 M, Interest Expense of 46.8 M or Total Revenue of 8.8 B, as well as many indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.015 or PTB Ratio of 2.1. NOV financial statements analysis is a perfect complement when working with NOV Valuation or Volatility modules.
  
Check out the analysis of NOV Correlation against competitors.

Latest NOV's Pretax Profit Margin Growth Pattern

Below is the plot of the Pretax Profit Margin of NOV Inc over the last few years. It is NOV's Pretax Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NOV's overall financial position and show how it may be relating to other accounts over time.
Pretax Profit Margin10 Years Trend
Pretty Stable
   Pretax Profit Margin   
       Timeline  

NOV Pretax Profit Margin Regression Statistics

Arithmetic Mean(0.06)
Geometric Mean0.07
Coefficient Of Variation(475.55)
Mean Deviation0.19
Median0
Standard Deviation0.27
Sample Variance0.07
Range0.9615
R-Value(0.28)
Mean Square Error0.07
R-Squared0.08
Significance0.32
Slope(0.02)
Total Sum of Squares1.01

NOV Pretax Profit Margin History

2024 0.075
2023 0.0714
2022 0.0329
2021 -0.0416
2020 -0.46
2019 -0.76
2018 0.00485

About NOV Financial Statements

NOV investors use historical fundamental indicators, such as NOV's Pretax Profit Margin, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in NOV. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.07  0.08 

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Additional Tools for NOV Stock Analysis

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.