NOV Net Income vs. Gross Profit
| NOV Stock | USD 14.95 0.14 0.93% |
Net Income | First Reported 1996-09-30 | Previous Quarter 226 M | Current Value 130 M | Quarterly Volatility 648.4 M |
For NOV profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NOV to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NOV Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NOV's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NOV Inc over time as well as its relative position and ranking within its peers.
NOV |
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOV. If investors know NOV will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.138 | Dividend Share 0.25 | Earnings Share 2.65 | Revenue Per Share 22.616 | Quarterly Revenue Growth 0.003 |
The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOV's market value can be influenced by many factors that don't directly affect NOV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NOV Inc Gross Profit vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NOV's current stock value. Our valuation model uses many indicators to compare NOV value to that of its competitors to determine the firm's financial worth. NOV Inc is regarded third in net income category among its peers. It also is regarded third in gross profit category among its peers fabricating about 1.42 of Gross Profit per Net Income. At this time, NOV's Net Income is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value NOV by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.NOV Gross Profit vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
NOV |
| = | 993 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
NOV |
| = | 1.41 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
NOV Gross Profit Comparison
NOV is currently under evaluation in gross profit category among its peers.
NOV Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NOV, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NOV will eventually generate negative long term returns. The profitability progress is the general direction of NOV's change in net profit over the period of time. It can combine multiple indicators of NOV, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.5 B | -1.4 B | |
| Operating Income | 651 M | 647.4 M | |
| Income Before Tax | 612 M | 365.8 M | |
| Total Other Income Expense Net | -39 M | -41 M | |
| Net Income | 993 M | 1 B | |
| Income Tax Expense | -373 M | -354.4 M | |
| Net Income Applicable To Common Shares | 139.5 M | 170.8 M | |
| Net Income From Continuing Ops | 489 M | 513.5 M | |
| Non Operating Income Net Other | 46.8 M | 49.1 M | |
| Interest Income | 28 M | 33 M | |
| Net Interest Income | -58 M | -60.9 M | |
| Change To Netincome | 17.2 M | 16.4 M | |
| Net Income Per Share | 2.53 | 2.65 | |
| Income Quality | 0.14 | 0.14 | |
| Net Income Per E B T | 1.62 | 1.00 |
NOV Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NOV. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NOV position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NOV's important profitability drivers and their relationship over time.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in NOV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Use Investing Themes to Complement your NOV position
In addition to having NOV in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Momentum Thematic Idea Now
Momentum
Large corporations operating in software, education, financial and car manufacturing industries. The Momentum theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Momentum Theme or any other thematic opportunities.
| View All Next | Launch |
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.