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Side-by-side financial comparison of NOV Inc. (NOV) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× NOV Inc.). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 1.0%, a 4.5% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -9.9%). NOV Inc. produced more free cash flow last quarter ($51.0M vs $-212.9M). Over the past eight quarters, NOV Inc.'s revenue compounded faster (-3.8% CAGR vs -15.8%).

NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide provider of 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 conducts operations in more than 500 locations across six continents, operating through two reporting segments: Energy Equipment and Energy Products and Services.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

NOV vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.3× larger
TAP
$2.7B
$2.1B
NOV
Growing faster (revenue YoY)
TAP
TAP
+11.9% gap
TAP
2.0%
-9.9%
NOV
Higher net margin
TAP
TAP
4.5% more per $
TAP
5.5%
1.0%
NOV
More free cash flow
NOV
NOV
$263.9M more FCF
NOV
$51.0M
$-212.9M
TAP
Faster 2-yr revenue CAGR
NOV
NOV
Annualised
NOV
-3.8%
-15.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NOV
NOV
TAP
TAP
Revenue
$2.1B
$2.7B
Net Profit
$20.0M
$150.1M
Gross Margin
18.5%
33.0%
Operating Margin
2.3%
Net Margin
1.0%
5.5%
Revenue YoY
-9.9%
2.0%
Net Profit YoY
-73.0%
25.0%
EPS (diluted)
$0.05
$0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NOV
NOV
TAP
TAP
Q1 26
$2.1B
$2.7B
Q4 25
$2.3B
$3.1B
Q3 25
$2.2B
$3.5B
Q2 25
$2.2B
$3.7B
Q1 25
$2.1B
$2.7B
Q4 24
$2.3B
$3.2B
Q3 24
$2.2B
$3.6B
Q2 24
$2.2B
$3.8B
Net Profit
NOV
NOV
TAP
TAP
Q1 26
$20.0M
$150.1M
Q4 25
$-78.0M
$238.3M
Q3 25
$42.0M
$-2.9B
Q2 25
$108.0M
$428.7M
Q1 25
$73.0M
$121.0M
Q4 24
$160.0M
$287.8M
Q3 24
$130.0M
$199.8M
Q2 24
$226.0M
$427.0M
Gross Margin
NOV
NOV
TAP
TAP
Q1 26
18.5%
33.0%
Q4 25
20.3%
31.0%
Q3 25
18.9%
33.7%
Q2 25
20.4%
34.3%
Q1 25
21.3%
31.6%
Q4 24
21.4%
32.0%
Q3 24
21.4%
33.4%
Q2 24
26.6%
34.6%
Operating Margin
NOV
NOV
TAP
TAP
Q1 26
2.3%
Q4 25
4.0%
10.4%
Q3 25
4.9%
-98.5%
Q2 25
6.5%
15.6%
Q1 25
7.2%
6.9%
Q4 24
9.0%
12.0%
Q3 24
8.9%
12.5%
Q2 24
14.1%
15.6%
Net Margin
NOV
NOV
TAP
TAP
Q1 26
1.0%
5.5%
Q4 25
-3.4%
7.6%
Q3 25
1.9%
-84.0%
Q2 25
4.9%
11.5%
Q1 25
3.5%
4.5%
Q4 24
6.9%
8.9%
Q3 24
5.9%
5.5%
Q2 24
10.2%
11.1%
EPS (diluted)
NOV
NOV
TAP
TAP
Q1 26
$0.05
$0.80
Q4 25
$-0.20
$1.32
Q3 25
$0.11
$-14.79
Q2 25
$0.29
$2.13
Q1 25
$0.19
$0.59
Q4 24
$0.40
$1.39
Q3 24
$0.33
$0.96
Q2 24
$0.57
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NOV
NOV
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.3B
$382.6M
Total DebtLower is stronger
$1.7B
$3.8B
Stockholders' EquityBook value
$10.3B
Total Assets
$11.1B
$22.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOV
NOV
TAP
TAP
Q1 26
$1.3B
$382.6M
Q4 25
$1.6B
$896.5M
Q3 25
$1.2B
$950.2M
Q2 25
$1.1B
$613.8M
Q1 25
$1.2B
$412.7M
Q4 24
$1.2B
$969.3M
Q3 24
$985.0M
$1.0B
Q2 24
$827.0M
$1.6B
Total Debt
NOV
NOV
TAP
TAP
Q1 26
$1.7B
$3.8B
Q4 25
$1.7B
$6.3B
Q3 25
$1.7B
$6.3B
Q2 25
$1.7B
$6.3B
Q1 25
$1.7B
$6.2B
Q4 24
$1.7B
$6.1B
Q3 24
$1.7B
$6.2B
Q2 24
$1.7B
$7.0B
Stockholders' Equity
NOV
NOV
TAP
TAP
Q1 26
$10.3B
Q4 25
$6.3B
$10.2B
Q3 25
$6.5B
$10.3B
Q2 25
$6.5B
$13.4B
Q1 25
$6.4B
$13.1B
Q4 24
$6.4B
$13.1B
Q3 24
$6.5B
$13.3B
Q2 24
$6.4B
$13.2B
Total Assets
NOV
NOV
TAP
TAP
Q1 26
$11.1B
$22.4B
Q4 25
$11.3B
$22.7B
Q3 25
$11.3B
$22.9B
Q2 25
$11.4B
$26.8B
Q1 25
$11.3B
$25.9B
Q4 24
$11.4B
$26.1B
Q3 24
$11.4B
$26.6B
Q2 24
$11.3B
$27.4B
Debt / Equity
NOV
NOV
TAP
TAP
Q1 26
0.38×
Q4 25
0.27×
0.61×
Q3 25
0.27×
0.61×
Q2 25
0.27×
0.47×
Q1 25
0.27×
0.47×
Q4 24
0.27×
0.47×
Q3 24
0.27×
0.47×
Q2 24
0.27×
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NOV
NOV
TAP
TAP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$51.0M
$-212.9M
FCF MarginFCF / Revenue
2.5%
-7.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$876.0M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOV
NOV
TAP
TAP
Q1 26
Q4 25
$573.0M
$540.7M
Q3 25
$352.0M
$616.1M
Q2 25
$191.0M
$718.3M
Q1 25
$135.0M
$-90.7M
Q4 24
$591.0M
$494.5M
Q3 24
$359.0M
$521.2M
Q2 24
$432.0M
$869.2M
Free Cash Flow
NOV
NOV
TAP
TAP
Q1 26
$51.0M
$-212.9M
Q4 25
$472.0M
$357.8M
Q3 25
$245.0M
$483.0M
Q2 25
$108.0M
$555.0M
Q1 25
$51.0M
$-328.0M
Q4 24
$473.0M
$383.4M
Q3 24
$277.0M
$350.4M
Q2 24
$350.0M
$691.7M
FCF Margin
NOV
NOV
TAP
TAP
Q1 26
2.5%
-7.8%
Q4 25
20.7%
11.4%
Q3 25
11.3%
13.9%
Q2 25
4.9%
14.8%
Q1 25
2.4%
-12.2%
Q4 24
20.5%
11.8%
Q3 24
12.6%
9.7%
Q2 24
15.8%
18.0%
Capex Intensity
NOV
NOV
TAP
TAP
Q1 26
Q4 25
4.4%
5.9%
Q3 25
4.9%
3.8%
Q2 25
3.8%
4.4%
Q1 25
4.0%
8.8%
Q4 24
5.1%
3.4%
Q3 24
3.7%
4.7%
Q2 24
3.7%
4.6%
Cash Conversion
NOV
NOV
TAP
TAP
Q1 26
Q4 25
2.27×
Q3 25
8.38×
Q2 25
1.77×
1.68×
Q1 25
1.85×
-0.75×
Q4 24
3.69×
1.72×
Q3 24
2.76×
2.61×
Q2 24
1.91×
2.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NOV
NOV

Energy Equipment$1.2B58%
Energy Products and Services$897.0M44%

TAP
TAP

Segment breakdown not available.

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