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NOV vs Cactus: revenue, profit, margins and growth compared

NOV brought in $8.7B of revenue in fiscal 2025, Cactus $1.1B in fiscal 2025. Revenue changed by -1.4% at NOV and -4.5% at Cactus on the year before, so NOV grew faster. NOV kept 1.7% of its revenue as net profit, Cactus 15.4%.

Side by side, latest fiscal year

NOVWHD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.7B$1.1B
Revenue growth-1.4%-4.5%
Net income$145M$166M
Net margin1.7%15.4%
Free cash flow$876Mn/a
Free cash flow margin10.0%n/a
Earnings per share (diluted)$0.39n/a
Cash$1.6B$123.6M
Debt$1.7B$0
Price to earnings50.9n/a
Market value$7.1B$5.2B
Dividend yield2.57%0.84%
Rank by revenue in sector#129 of 778 · Consumer discretionary#449 of 778 · Consumer discretionary

Over the years

Revenue
NOV FY2018: $8.5BNOV FY2019: $8.5BNOV FY2020: $6.1BNOV FY2021: $5.5BNOV FY2022: $7.2BNOV FY2023: $8.6BNOV FY2024: $8.9BNOV FY2025: $8.7BWHD FY2018: $544.1MWHD FY2019: $628.4MWHD FY2020: $348.6MWHD FY2021: $438.6MWHD FY2022: $688.4MWHD FY2023: $1.1BWHD FY2024: $1.1BWHD FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
NOV $8.7BWHD $1.1B
Net income
NOV FY2018: -$31MNOV FY2019: -$6.1BNOV FY2020: -$2.5BNOV FY2021: -$250MNOV FY2022: $155MNOV FY2023: $993MNOV FY2024: $635MNOV FY2025: $145MWHD FY2018: $51.7MWHD FY2019: $85.6MWHD FY2020: $34.4MWHD FY2021: $49.6MWHD FY2022: $110.2MWHD FY2023: $169.2MWHD FY2024: $185.4MWHD FY2025: $166MFY18FY19FY20FY21FY22FY23FY24FY25
NOV $145MWHD $166M
Net margin
NOV FY2018: -0.4%NOV FY2019: -71.9%NOV FY2020: -41.7%NOV FY2021: -4.5%NOV FY2022: 2.1%NOV FY2023: 11.6%NOV FY2024: 7.2%NOV FY2025: 1.7%WHD FY2018: 9.5%WHD FY2019: 13.6%WHD FY2020: 9.9%WHD FY2021: 11.3%WHD FY2022: 16.0%WHD FY2023: 15.4%WHD FY2024: 16.4%WHD FY2025: 15.4%FY18FY19FY20FY21FY22FY23FY24FY25
NOV 1.7%WHD 15.4%
Revenue growth
NOV FY2019: +0.3%NOV FY2020: -28.2%NOV FY2021: -9.3%NOV FY2022: +31.0%NOV FY2023: +18.6%NOV FY2024: +3.3%NOV FY2025: -1.4%WHD FY2019: +15.5%WHD FY2020: -44.5%WHD FY2021: +25.8%WHD FY2022: +57.0%WHD FY2023: +59.4%WHD FY2024: +3.0%WHD FY2025: -4.5%FY19FY20FY21FY22FY23FY24FY25
NOV -1.4%WHD -4.5%
Free cash flow
NOV FY2018: $277MNOV FY2019: $481MNOV FY2020: $700MNOV FY2021: $90MNOV FY2022: -$393MNOV FY2023: -$140MNOV FY2024: $953MNOV FY2025: $876MFY18FY19FY20FY21FY22FY23FY24FY25
NOV $876MWHD

Fiscal years as each company reports them; the two may end in different months.

Questions about NOV and Cactus

Which is bigger by revenue, NOV or Cactus?

NOV is bigger by revenue: $8.7B in fiscal 2025, against $1.1B for Cactus in fiscal 2025.

Which keeps more of its revenue as profit, NOV or Cactus?

NOV had a net margin of 1.7% in fiscal 2025; Cactus had 15.4% in fiscal 2025.

Which grew revenue faster, NOV or Cactus?

In their latest fiscal years revenue changed by -1.4% at NOV and -4.5% at Cactus.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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