What is NOVA, Inc.'s contract assets?

NOVA, Inc. (NOV) reported contract assets of $634M in Q1 2026.

How has NOVA, Inc.'s contract assets changed year-over-year?

NOVA, Inc.'s contract assets decreased by 6.8% year-over-year, from $680M to $634M.

What is the long-term trend for NOVA, Inc.'s contract assets?

Over 5 years (2020 to 2025), NOVA, Inc.'s contract assets has grown at a -0.5% compound annual growth rate (CAGR), from $611M to $596M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

NOVA, Inc. NOV Contract Assets

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DoverDOV

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Other financials

Income statement

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Revenue$2.1B-2.4%

Gross profit$379.0M-15.2%

Operating income$47.0M-69.1%

Net income$19.0M-74.0%

EPS (diluted)$0.05-73.7%

Balance sheet

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Cash & equivalents$1.3B+16.0%

Total debt$2.0B-1.7%

Total equity$6.2B-3.5%

Total assets$11.1B-1.2%

Cash flow

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Operating cash flow-$26.0M-119%

CapEx$65.0M-22.6%

Free cash flow-$91.0M-278%

Valuation

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Market cap$6.7B+17.0%

Enterprise value$7.4B+11.3%

P/E27.7×+15.0×

P/S0.8×+0.1×

Profitability

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Gross margin19.5%-3.1pp

Operating margin4.5%-5.3pp

Net margin4.4%-7.7pp

FCF margin8.4%-4.6pp

Returns & leverage

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Return on equity5.9%-12.0pp

Debt / equity0.3×0.0×

Current ratio2.5×-0.2×

Where this comes from

Reported directly by NOVA, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: NOVA, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NOVA, Inc.'s contract assets?: NOVA, Inc. (NOV) reported contract assets of $634M in Q1 2026.
How has NOVA, Inc.'s contract assets changed year-over-year?: NOVA, Inc.'s contract assets decreased by 6.8% year-over-year, from $680M to $634M.
What is the long-term trend for NOVA, Inc.'s contract assets?: Over 5 years (2020 to 2025), NOVA, Inc.'s contract assets has grown at a -0.5% compound annual growth rate (CAGR), from $611M to $596M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.