• NOV average net profit margin for 2023 was 6.78%, a 1249.15% increase from 2022.
• NOV average net profit margin for 2022 was -0.59%, a 93.49% decline from 2021.
• NOV average net profit margin for 2021 was -9.06%, a 82.72% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.