DNOW Inc. (DNOW)
Dnow Inc. operates as a key supplier of industrial and downstream energy products for various sectors, including petroleum refining, chemical processing, liquefied natural gas (LNG) terminals, power generation utilities, and diverse industrial manufacturing operations. Its market presence spans the United States, Canada, and international territories. The firm markets its extensive product range under its proprietary brand names, DistributionNOW and DNOW. It furnishes a broad array of critical components and supplies, encompassing consumable maintenance, repair, and operational (MRO) items. This includes an extensive inventory of pipes, valves, fittings, flanges, gaskets, fasteners, electrical components, instrumentation, artificial lift systems, pumping solutions, valve actuation and modular process equipment, and measurement and control apparatus. Furthermore, Dnow provides mill supplies, various tools, and comprehensive safety and personal protective equipment (PPE), alongside specialized applied products like protective coatings and diverse expendable goods. Beyond these items, the company also deals in original equipment manufacturer (OEM) machinery, such as pumps, generator sets, air and gas compressors, dryers, blowers, mixers, and valves. Dnow delivers integrated modular oil and gas tank battery solutions, comprehensive application systems, streamlined work processes, efficient parts integration, optimization strategies, and robust after-sales support. Moreover, Dnow extends its expertise to supply chain and materials management, offering services like procurement, inventory planning and control, and warehouse administration. Its solutions further address logistics, point-of-issue technological implementation, project coordination, business process enhancement, and detailed performance metrics reporting. Operating from a vast network of approximately 180 sites, Dnow caters to clients across the entire energy value chain—upstream, midstream, and downstream. Its diverse clientele comprises drilling and well-servicing contractors, independent and national oil and gas enterprises, midstream infrastructure operators, and facilities such as refineries, petrochemical and chemical plants, and utilities. The company also supports a wide range of other downstream energy processors, alongside various industrial and manufacturing entities. Established in 1862, NOW Inc. (Dnow Inc.) maintains its corporate headquarters in Houston, Texas.
Sector: Oil & Gas Field Machinery & Equipment
Industry: Industrial - Distribution
Dnow Inc.
No splits on record
Nothing in DNOW's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $2.82B | $2.37B | $2.32B | $2.14B | $1.63B | $1.62B | $2.95B | $3.13B | $2.65B | $2.11B | $3.01B | $4.11B | $4.3B | $3.41B |
| YoY Growth | 18.8% | 2.2% | 8.7% | 30.9% | 0.8% | -45.1% | -5.6% | 18.1% | 25.7% | -30.0% | -26.7% | -4.4% | 25.8% | - |
| Cost of Revenue | $2.34B | $1.84B | $1.79B | $1.63B | $1.27B | $1.33B | $2.37B | $2.5B | $2.15B | $1.76B | $2.51B | $3.29B | $3.5B | $2.8B |
| Gross Profit | $478M | $535M | $535M | $506M | $357M | $292M | $586M | $630M | $501M | $345M | $502M | $819M | $797M | $611M |
| Gross Margin | 17.0% | 22.5% | 23.1% | 23.7% | 21.9% | 18.0% | 19.9% | 20.1% | 18.9% | 16.4% | 16.7% | 20.0% | 18.6% | 17.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $495M | $416M | $395M | $365M | $341M | $391M | $541M | $557M | $542M | $567M | $619M | $638M | $573M | $443M |
| Other | $0 | $6M | $0 | $10M | $7M | $321M | $128M | $0 | $0 | $0 | $0 | -$3M | -$2M | -$3M |
| Total Operating Expenses | $495M | $422M | $395M | $375M | $348M | $712M | $669M | $557M | $542M | $567M | $619M | $638M | $573M | $443M |
| Operating Income (EBIT) | -$17M | $113M | $140M | $131M | $9M | -$420M | -$83M | $73M | -$41M | -$222M | -$510M | $181M | $224M | $168M |
| Operating Margin | -0.6% | 4.8% | 6.0% | 6.1% | 0.6% | -25.9% | -2.8% | 2.3% | -1.5% | -10.5% | -16.9% | 4.4% | 5.2% | 4.9% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$83M | $1M | -$2M | $8M | $3M | -$10M | -$10M | -$15M | -$11M | -$8M | -$8M | -$3M | -$2M | -$3M |
| Income Before Tax (EBT) | -$100M | $114M | $138M | $139M | $12M | -$430M | -$93M | $58M | -$52M | -$230M | -$518M | $178M | $222M | $165M |
| Income Tax Expense | -$12M | $32M | -$110M | $10M | $7M | -$3M | $4M | $6M | $0 | $4M | -$16M | $62M | $75M | $57M |
| Net Income | -$89M | $81M | $247M | $128M | $5M | -$427M | -$97M | $52M | -$52M | -$234M | -$502M | $116M | $147M | $108M |
| Net Income Margin | -3.2% | 3.4% | 10.6% | 6.0% | 0.3% | -26.4% | -3.3% | 1.7% | -2.0% | -11.1% | -16.7% | 2.8% | 3.4% | 3.2% |
| Supplementary Data | ||||||||||||||
| EPS | -0.75 | 0.75 | 2.26 | 1.14 | 0.05 | -3.90 | -0.89 | 0.48 | -0.48 | -2.19 | -4.69 | 1.07 | 1.37 | 1.01 |
| Diluted EPS | -0.75 | 0.75 | 2.24 | 1.13 | 0.05 | -3.90 | -0.89 | 0.48 | -0.48 | -2.19 | -4.69 | 1.06 | 1.37 | 1.01 |
| Weighted Average OS | 118.00M | 106.35M | 107.40M | 110.68M | 110.40M | 109.41M | 108.78M | 108.00M | 107.75M | 107.00M | 107.00M | 107.00M | 107.06M | 107.06M |
| EBITDA | -$48M | $153M | $164M | $160M | $39M | -$71M | $86M | $114M | $9M | -$169M | -$79M | $202M | $241M | $180M |
| EBITDA Margin | -1.7% | 6.4% | 7.1% | 7.5% | 2.4% | -4.4% | 2.9% | 3.6% | 0.3% | -8.0% | -2.6% | 4.9% | 5.6% | 5.3% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $164M | $256M | $299M | $212M | $313M | $387M | $183M | $116M | $98M | $106M | $90M | $195M | $101M | $138M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $164M | $256M | $299M | $212M | $313M | $387M | $183M | $116M | $98M | $106M | $90M | $195M | $101M | $138M |
| Accounts Receivable | $874M | $388M | $384M | $398M | $304M | $198M | $370M | $482M | $423M | $354M | $485M | $851M | $661M | $692M |
| Inventory | $1.19B | $352M | $366M | $381M | $250M | $262M | $465M | $602M | $590M | $483M | $693M | $949M | $850M | $1.01B |
| Other Current Assets | $48M | $32M | $19M | $26M | $0 | $0 | $34M | $19M | $18M | $16M | $24M | $52M | $21M | $37M |
| Total Current Assets | $2.28B | $1.03B | $1.07B | $1.02B | $883M | $861M | $1.07B | $1.22B | $1.13B | $959M | $1.29B | $2.05B | $1.66B | $1.88B |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $424M | $157M | $171M | $119M | $111M | $98M | $176M | $106M | $119M | $143M | $165M | $124M | $102M | $61M |
| Goodwill | $617M | $230M | $139M | $116M | $67M | $0 | $245M | $314M | $328M | $311M | $205M | $346M | $333M | $343M |
| Intangible Assets | $565M | $65M | $28M | $25M | $9M | $0 | $90M | $144M | $166M | $184M | $161M | $73M | $68M | $74M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $11M | $93M | $118M | $0 | $0 | $1M | $2M | $2M | $2M | $1M | $4M | $2M | $15M | $0 |
| Other Long-Term Assets | $29M | $48M | $5M | $43M | $34M | $48M | $11M | $10M | $5M | $5M | $5M | $4M | $3M | -$478M |
| Total Long-Term Assets | $1.65B | $593M | $461M | $303M | $221M | $147M | $524M | $576M | $620M | $644M | $540M | $549M | $521M | $478M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13M |
| Total Assets | $3.92B | $1.62B | $1.53B | $1.32B | $1.1B | $1.01B | $1.59B | $1.79B | $1.75B | $1.6B | $1.83B | $2.6B | $2.18B | $2.37B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $653M | $300M | $288M | $304M | $235M | $172M | $255M | $329M | $290M | $246M | $211M | $490M | $264M | $272M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $15M | $15M | $13M | $12M | $10M | $12M | $14M | $15M | $17M | $18M | $5M | $25M | $0 |
| Current Unearned Revenue | $50M | $31M | $28M | $33M | $27M | $19M | $34M | $29M | $19M | $27M | $21M | $24M | $18M | $0 |
| Other Current Liabilities | $139M | $45M | $48M | $45M | $57M | $27M | $38M | $45M | $20M | $28M | $23M | $86M | $75M | $83M |
| Total Current Liabilities | $974M | $442M | $418M | $439M | $369M | $272M | $396M | $441M | $394M | $347M | $307M | $620M | $363M | $391M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $411M | $0 | $0 | $0 | $0 | $0 | $0 | $132M | $162M | $65M | $108M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $99M | $0 | $0 | $1M | $0 | $0 | $4M | $6M | $7M | $7M | $11M | $10M | $16M | $0 |
| Other Long-Term Liabilities | $73M | $22M | $18M | $11M | $6M | $12M | $3M | $2M | $1M | $1M | $3M | $0 | $2M | $0 |
| Total Long-Term Liabilities | $712M | $51M | $48M | $37M | $23M | $37M | $51M | $140M | $170M | $73M | $122M | $10M | $18M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.69B | $493M | $466M | $476M | $392M | $309M | $447M | $581M | $564M | $420M | $429M | $630M | $381M | $391M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1.8B | $1.95B |
| Retained Earnings | -$836M | -$747M | -$828M | -$1.07B | -$1.2B | -$1.21B | -$775M | -$678M | -$730M | -$678M | -$444M | $58M | $0 | $0 |
| Comprehensive Income & Other | -$126M | -$153M | -$145M | -$150M | -$147M | -$145M | -$128M | -$143M | -$105M | -$142M | -$134M | -$45M | $0 | $0 |
| Other Stockholders' Equity | $3.07B | $1.87B | $1.89B | $1.92B | $1.91B | $1.91B | $1.92B | $1.89B | $1.91B | $1.86B | $1.85B | $1.91B | $0 | $18M |
| Total Equity | $2.24B | $1.12B | $1.06B | $842M | $711M | $699M | $1.14B | $1.21B | $1.19B | $1.18B | $1.4B | $1.97B | $1.8B | $1.97B |
| Minority Interest | $5M | $4M | $3M | $2M | $1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $3.92B | $1.62B | $1.53B | $1.32B | $1.1B | $1.01B | $1.59B | $1.79B | $1.75B | $1.6B | $1.83B | $2.6B | $2.18B | $2.36B |
| Supplementary Data | ||||||||||||||
| Total Debt | $585M | $42M | $41M | $38M | $32M | $47M | $72M | $132M | $162M | $65M | $108M | $0 | $0 | $0 |
| Net Debt | $421M | -$214M | -$258M | -$174M | -$281M | -$340M | -$111M | $16M | $64M | -$41M | $18M | -$195M | -$101M | -$138M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$89M | $82M | $248M | $129M | $5M | -$427M | -$97M | $52M | -$52M | -$234M | -$502M | $116M | $147M | $108M |
| Depreciation & Amortization | $52M | $34M | $26M | $19M | $23M | $28M | $41M | $41M | $50M | $53M | $38M | $21M | $17M | $12M |
| Deferred Income Tax | $0 | $25M | -$119M | $1M | -$8M | $0 | -$2M | -$1M | -$1M | -$2M | -$6M | $7M | $3M | -$7M |
| Stock-Based Compensation | $29M | $13M | $15M | $11M | $8M | $0 | $13M | $16M | $20M | $23M | $27M | $18M | $6M | $6M |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $40M | $81M | $16M | -$95M | -$97M | $157M | $98M | -$69M | -$64M | $102M | $414M | -$200M | $23M | -$25M |
| Inventory | $107M | $80M | $12M | -$138M | $3M | $148M | $109M | -$30M | -$110M | $190M | $258M | -$116M | $158M | -$87M |
| Accounts Payable | -$52M | -$34M | $0 | $0 | $64M | $0 | -$110M | -$725M | $41M | $22M | -$367M | $261M | -$20M | -$62M |
| Other Working Capital | $20M | -$8M | -$37M | $53M | -$3M | -$135M | $1M | $778M | -$2M | $28M | -$5M | -$11M | -$23M | $36M |
| Total Working Capital Change | $115M | $119M | -$9M | -$180M | -$33M | $170M | $98M | -$46M | -$135M | $342M | $300M | -$66M | $138M | -$138M |
| Other Non-Cash Items | $48M | $25M | $27M | $20M | $35M | $418M | $171M | $11M | $3M | $53M | $467M | $12M | $6M | $7M |
| Net Cash from Operating | $155M | $298M | $188M | $0 | $30M | $189M | $224M | $73M | -$115M | $235M | $324M | $108M | $317M | -$12M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$21M | -$9M | -$17M | -$9M | -$5M | -$8M | -$12M | -$11M | -$4M | -$11M | -$11M | -$39M | -$55M | -$14M |
| Acquisitions | $0 | -$299M | -$32M | -$80M | -$96M | $26M | -$8M | $2M | -$4M | -$175M | -$515M | -$36M | $0 | -$1.11B |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$569M | $4M | $1M | $2M | $5M | $4M | -$2M | $2M | $16M | $3M | $3M | $8M | $1M | -$1.11B |
| Net Cash from Investing | -$590M | -$304M | -$48M | -$87M | -$96M | $22M | -$22M | -$9M | $8M | -$183M | -$523M | -$67M | -$54M | -$1.13B |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$411M | $10M | $5M | $3M | $6M | $8M | $138M | $30M | -$97M | $43M | -$108M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$37M | -$23M | -$50M | -$7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$151M | $0 |
| Other Financing Activities | -$35M | $0 | $0 | $0 | $0 | $0 | $0 | -$7M | -$3M | -$4M | -$2M | $66M | -$299M | $1.18B |
| Net Cash from Financing | $339M | -$33M | -$55M | -$10M | -$6M | -$8M | -$138M | -$37M | $94M | -$47M | $106M | $66M | -$299M | $1.18B |
| Forex Effect | $4M | -$4M | $2M | -$4M | -$2M | $1M | $3M | -$9M | $5M | $11M | -$12M | -$13M | -$1M | $2M |
| Net Change in Cash | -$92M | -$43M | $87M | -$101M | -$74M | $204M | $67M | $18M | -$8M | $16M | -$105M | $94M | -$37M | $47M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $155M | $298M | $188M | $0 | $30M | $189M | $224M | $73M | -$115M | $235M | $324M | $108M | $317M | -$12M |
| Capital Expenditure | -$21M | -$9M | -$17M | -$9M | -$5M | -$8M | -$12M | -$11M | -$4M | -$11M | -$11M | -$39M | -$55M | -$14M |
| Free Cash Flow | $134M | $289M | $171M | -$9M | $25M | $181M | $212M | $62M | -$119M | $224M | $313M | $69M | $262M | -$26M |
| Cash at Beginning | $256M | $299M | $212M | $313M | $387M | $183M | $116M | $98M | $106M | $90M | $195M | $101M | $138M | $91M |
| Cash at End | $164M | $256M | $299M | $212M | $313M | $387M | $183M | $116M | $98M | $106M | $90M | $195M | $101M | $138M |