NOV Q4 net income fell to $160 million; Q1 revenue guided down 1% to 3%
NOV reported fourth-quarter 2024 revenue of $2.31 billion, down 1% from a year earlier, and net income of $160 million, or $0.41 per diluted share, versus $598 million a year earlier. That prior-year figure included a $485 million release of deferred tax valuation allowances. For the first quarter of 2025, management expects revenue to fall 1% to 3% year over year and Adjusted EBITDA of $235 million to $265 million.
Key points
- Q4 2024 operating profit rose 29% to $207 million; Adjusted EBITDA rose 3% to $302 million.
- Q4 2024 net income was $160 million, or $0.41 per diluted share, compared with $598 million, or $1.51 per diluted share, in Q4 2023.
- Full-year 2024 revenue was $8.87 billion, up $287 million, and full-year net income was $635 million, down from $993 million.
- NOV returned $337 million to shareholders in 2024 and expects to return at least 50% of Excess Free Cash Flow annually.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.