NOV net income dips 68 per cent in Q3 2025

NOV noted that strong execution on offshore production backlog, cost control, and efficiency improvements helped maintain steady performance despite lower activity in energy and industrial markets. It added that robust free cash flow of $245 million was generated during the quarter.

Clay Williams, Chairman and CEO, stated, “NOV's operational performance improved sequentially in the third quarter.” He noted strong demand for production equipment, reflected in bookings more than doubling sequentially to $951 million, resulting in a book-to-bill ratio of 141 per cent.