Risk factors

NOV (NOV) risk factors

Item 1A of every NOV Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    24 risks1 dropped8 reworded

    NOV updated its risk factors to account for changes in equipment backlog, technology adoption reducing equipment demand, and climate laws. Capital equipment backlog decreased from $4.43 billion to $4.34 billion, and international revenue remained steady at 66%.

    Filed Feb 12, 2026
  • FY2024 10-K risk factors
    25 risks

    NOV Inc. faces heavy dependency on volatile oil and gas industry activity and international markets. Operations are exposed to significant capital equipment backlogs, supply chain disruptions, and complex global regulations.

    Filed Feb 14, 2025