Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>National Oilwell Varco (NOV) has reported its third-quarter 2025 financial outcomes amid a challenging macro environment.</li>
<li>The company recorded revenues of $2.18 billion, down slightly from the previous quarter, reflecting a less than 1% year-over-year and sequential decline in oilfield activity.</li>
<li>Net income stood at $42 million, or $0.11 per diluted share, while the adjusted EBITDA rose to $258 million, which is 11.9% of revenue.</li>
</ul>


National Oilwell Varco (NOV) has reported its third-quarter 2025 financial outcomes amid a challenging macro environment.
The company recorded revenues of $2.18 billion, down slightly from the previous quarter, reflecting a less than 1% year-over-year and sequential decline in oilfield activity.
Net income stood at $42 million, or $0.11 per diluted share, while the adjusted EBITDA rose to $258 million, which is 11.9% of revenue.


NOV Expands Globally: Inside Its Bold Play for Argentina, Saudi, & Beyond!

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Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/nov-inc">NOV </a>is a critical supplier to the global energy industry, with a comprehensive product portfolio and extensive aftermarket services that provide a resilient, recurring revenue stream.</li>
  <li>The company is poised to benefit from the ongoing multi-year upcycle in offshore and international energy development, evidenced by a strong project backlog and a favorable book-to-bill ratio in recent periods.</li>
  <li>While navigating the inherent cyclicality of the oil and gas market and near-term headwinds like supply chain delays and inflationary pressures, NOV's strong free cash flow generation supports shareholder returns and strategic investments in energy transition technologies.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
NOV is a critical supplier to the global energy industry, with a comprehensive product portfolio and extensive aftermarket services that provide a resilient, recurring revenue stream.
  The company is poised to benefit from the ongoing multi-year upcycle in offshore and international energy development, evidenced by a strong project backlog and a favorable book-to-bill ratio in recent periods.
  While navigating the inherent cyclicality of the oil and gas market and near-term headwinds like supply chain delays and inflationary pressures, NOV's strong free cash flow generation supports shareholder returns and strategic investments in energy transition technologies.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul>
<li>National Oilwell Varco (NOV) concluded a solid 2024 with notable achievements, amidst both favorable and challenging market conditions.</li>
<li>For Q4 2024, revenue climbed 5% sequentially to $2.31 billion, culminating in a total annual revenue of $8.87 billion, a 3% increase over the previous year.</li>
<li>The company's net income for the year stood at $635 million or $1.60 per diluted share, highlighting improved profitability despite subdued global drilling activity.</li>
</ul>


National Oilwell Varco (NOV) concluded a solid 2024 with notable achievements, amidst both favorable and challenging market conditions.
For Q4 2024, revenue climbed 5% sequentially to $2.31 billion, culminating in a total annual revenue of $8.87 billion, a 3% increase over the previous year.
The company's net income for the year stood at $635 million or $1.60 per diluted share, highlighting improved profitability despite subdued global drilling activity.


NOV Inc.: A Focus On Operational Efficiency & Cost Management...

<ul>
<li>NOV Inc., a leading provider in the oil and gas equipment and services sector, presented its third quarter 2024 earnings with mixed results amidst a dynamic and challenging global macro environment.</li>
<li>During the quarter, NOV reported revenues of $2.19 billion, a modest increase from the third quarter of 2023 yet a slight 1% decrease from the second quarter of 2024.</li>
<li>The company achieved a net income of $130 million or $0.33 per fully diluted share, depicting an improvement from the previous year.</li>
</ul>


NOV Inc., a leading provider in the oil and gas equipment and services sector, presented its third quarter 2024 earnings with mixed results amidst a dynamic and challenging global macro environment.
During the quarter, NOV reported revenues of $2.19 billion, a modest increase from the third quarter of 2023 yet a slight 1% decrease from the second quarter of 2024.
The company achieved a net income of $130 million or $0.33 per fully diluted share, depicting an improvement from the previous year.


NOV Inc.:  Emerging Deepwater Infrastructure Investments

<ul>
<li>NOV Inc. has reported a strong performance in the second quarter of 2024, with revenues reaching $2.22 billion, indicating a 6% increase compared to the same period in 2023.</li>
<li>Notably, international markets demonstrated double-digit growth, and the offshore sector grew by 6%, contrasting with a slight 1% decline in North American sales.</li>
<li>The company achieved a net income of $226 million or $0.57 per fully diluted share, an improvement from the previous year.</li>
</ul>


NOV Inc. has reported a strong performance in the second quarter of 2024, with revenues reaching $2.22 billion, indicating a 6% increase compared to the same period in 2023.
Notably, international markets demonstrated double-digit growth, and the offshore sector grew by 6%, contrasting with a slight 1% decline in North American sales.
The company achieved a net income of $226 million or $0.57 per fully diluted share, an improvement from the previous year.


NOV Inc.: International & Offshore Markets Expansion & Expansion Into Renewables Catalyzing Growth!

United States

NOV Inc offers equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The Company serves customers worldwide.

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NOV (NOV US)

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National Oilwell Varco (NOV) has reported its third-quarter 2025 financial outcomes amid a challenging macro environment.

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Primer: NOV ( NOV US) - Oct 2025

NOV is a critical supplier to the global energy industry, with a comprehensive product portfolio and extensive aftermarket services that...

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NOV Inc.: A Focus On Operational Efficiency & Cost Management...

National Oilwell Varco (NOV) concluded a solid 2024 with notable achievements, amidst both favorable and challenging market conditions.

Baptista Research

NOV Inc.: Emerging Deepwater Infrastructure Investments

During the quarter, NOV reported revenues of $2.19 billion, a modest increase from the third quarter of 2023 yet a slight 1% decrease from the...

Baptista Research

NOV Inc.: International & Offshore Markets Expansion & Expansion Into Renewables Catalyzing Growth!

NOV Inc. has reported a strong performance in the second quarter of 2024, with revenues reaching $2.22 billion, indicating a 6% increase compared...

Baptista Research

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