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Financials · DNOW

DNOW Inc. (DNOW) financials

For the twelve months ended Sep 30, 2026, DNOW Inc. reported $4.79B of revenue and -$186.00M of net income.

Revenue, TTM
$4.79B
Revenue growth, YoY
+96.8%
Net income, TTM
-$186.00M
Net margin
-3.9%
Free cash flow, TTM
$203.00M
EPS, diluted, TTM
-$1.50
Cash
$112.00M
Total debt
$377.00M
P/S
0.50
Market cap
$2.40B
Annual revenue$2.82B
FY2016FY2025
Annual net income-$89.00M
FY2016FY2025
Annual free cash flow$134.00M
FY2016FY2025

DNOW revenue and earnings growth

DNOW revenueQ3 2026$1.34B

Quarter YoY
+110.9%
QoQ
+2.3%
FY YoY
+18.8%
5Y CAGR
+11.7%
10Y CAGR
-0.6%

DNOW revenue was $1.34B in fiscal Q3 2026 (ended Sep 30, 2026), up 110.9% from a year earlier and up 2.3% from the prior quarter. For the full fiscal 2025 it was $2.82B, up 18.8% from fiscal 2024. Compound annual growth was +11.7% over 5 years and -0.6% over 10 years. It rose in 7 of the last 10 fiscal years.

DNOW net incomeQ3 2026$26.00M

Quarter YoY
+13.0%

DNOW net income was $26.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 13.0% from a year earlier. For the full fiscal 2025 it was -$89.00M, compared with $78.00M in fiscal 2024.

DNOW EPSQ3 2026$0.14

DNOW diluted EPS was $0.14 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$0.76, compared with $0.71 in fiscal 2024.

DNOW free cash flowQ3 2026$106.00M

Quarter YoY
+171.8%
QoQ
-14.5%
FY YoY
-53.6%
5Y CAGR
-5.8%
10Y CAGR
-8.1%

DNOW free cash flow was $106.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 171.8% from a year earlier and down 14.5% from the prior quarter. For the full fiscal 2025 it was $134.00M, down 53.6% from fiscal 2024. Compound annual growth was -5.8% over 5 years and -8.1% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.82B$2.37B$2.32B$2.14B$1.63B$1.62B$2.95B$3.13B$2.65B$2.11B
Cost of revenue$2.34B$1.84B$1.78B$1.63B$1.27B$1.33B$2.37B$2.50B$2.15B$1.76B
Gross profit$478.00M$531.00M$539.00M$506.00M$357.00M$292.00M$586.00M$630.00M$501.00M$345.00M
Selling, general and admin$559.00M$416.00M$395.00M-------
Operating income-$93.00M$109.00M$144.00M$131.00M$9.00M-$420.00M-$83.00M$73.00M-$41.00M-$222.00M
Pre-tax income-$100.00M$110.00M$142.00M$139.00M$12.00M-$430.00M-$93.00M$58.00M-$52.00M-$230.00M
Income tax-$12.00M$31.00M-$109.00M$10.00M$7.00M-$3.00M$4.00M$6.00M-$4.00M
Net income-$89.00M$78.00M$250.00M$128.00M$5.00M-$427.00M-$97.00M$52.00M-$52.00M-$234.00M
EPS, basic-$0.76$0.72$2.29$1.14$0.05-$3.91-$0.89$0.47-$0.48-$2.18
EPS, diluted-$0.76$0.71$2.27$1.13$0.05-$3.91-$0.89$0.47-$0.48-$2.18
Diluted shares117.9M107.1M108.4M111.2M110.5M109.4M108.8M108.6M107.7M107.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$164.00M$256.00M$299.00M$212.00M$313.00M$387.00M$183.00M$116.00M$98.00M$106.00M
Receivables$874.00M$388.00M$384.00M$398.00M$304.00M$198.00M$370.00M$482.00M$423.00M$354.00M
Inventory$1.19B$352.00M$366.00M$381.00M$250.00M$262.00M$465.00M$602.00M$590.00M$483.00M
Current assets$2.28B$1.03B$1.07B$1.02B$883.00M$861.00M$1.07B$1.22B$1.13B$959.00M
Goodwill$617.00M$230.00M$139.00M$116.00M$67.00M$0$245.00M$314.00M$328.00M$311.00M
Total assets$3.92B$1.62B$1.53B$1.32B$1.10B$1.01B$1.59B$1.79B$1.75B$1.60B
Current liabilities$974.00M$442.00M$418.00M$439.00M$369.00M$272.00M$396.00M$441.00M$394.00M$347.00M
Short-term debt--------$35.00M$44.00M
Long-term debt-------$132.00M$162.00M$65.00M
Total debt$411.00M$0-----$132.00M$197.00M$109.00M
Total liabilities$1.69B$493.00M$466.00M$476.00M$392.00M$309.00M$447.00M$581.00M$564.00M$420.00M
Shareholders' equity$2.23B$1.13B$1.07B$844.00M$712.00M$699.00M$1.14B$1.21B$1.19B$1.18B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$155.00M$298.00M$188.00M$0$30.00M$189.00M$224.00M$73.00M-$115.00M$235.00M
Capital expenditures$21.00M$9.00M$17.00M$9.00M$5.00M$8.00M$12.00M$11.00M$4.00M$4.00M
Free cash flow$134.00M$289.00M$171.00M-$9.00M$25.00M$181.00M$212.00M$62.00M-$119.00M$231.00M
Investing cash flow-$590.00M-$304.00M-$48.00M-$87.00M-$96.00M$22.00M-$22.00M-$9.00M$8.00M-$183.00M
Financing cash flow$339.00M-$33.00M-$55.00M-$10.00M-$6.00M-$8.00M-$138.00M-$37.00M$94.00M-$47.00M
Share repurchases$37.00M$23.00M$50.00M$7.00M$0$0----
Stock-based compensation$29.00M$13.00M$15.00M$11.00M$8.00M-$13.00M$16.00M$20.00M$23.00M
Depreciation and amortization$52.00M$34.00M$26.00M$19.00M$23.00M$28.00M$41.00M$41.00M$50.00M$53.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY18.8%2.2%8.7%30.9%0.8%-45.1%-5.6%18.1%25.7%-30.0%
Net income growth, YoY--68.8%95.3%2460.0%------
EPS growth, YoY--68.7%100.9%2160.0%------
Gross margin17.0%22.4%23.2%23.7%21.9%18.0%19.9%20.1%18.9%16.4%
Operating margin-3.3%4.6%6.2%6.1%0.6%-25.9%-2.8%2.3%-1.5%-10.5%
Net margin-3.2%3.3%10.8%6.0%0.3%-26.4%-3.3%1.7%-2.0%-11.1%
Free cash flow margin4.8%12.2%7.4%-0.4%1.5%11.2%7.2%2.0%-4.5%11.0%
Return on equity-4.0%6.9%23.5%15.2%0.7%-61.1%-8.5%4.3%-4.4%-19.8%
Return on assets-2.3%4.8%16.3%9.7%0.5%-42.4%-6.1%2.9%-3.0%-14.6%
Current ratio2.342.332.562.322.393.172.692.762.872.76
Debt to equity0.180.00-----0.110.170.09

Source: XBRL data DNOW Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DNOW peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
DNOW$4.79B+96.8%-$186.00M-3.9%$2.40B
BKR$28.74B+3.7%$2.90B10.1%$47.53B
FTI$10.67B+9.1%$1.28B12.0%$24.70B
NOV$8.69B-1.0%$148.00M1.7%$6.26B
WFRD$4.69B-5.7%$409.00M8.7%$6.12B
WHD$1.53B+40.4%$183.90M12.0%$4.66B
SEI$936.43M+73.8%$90.23M9.6%$4.42B
FLOC$901.22M+20.4%$57.32M6.4%$1.81B
INVX$1.02B+7.0%$48.61M4.8%$1.76B

DNOW FAQ

9 questions
  • What is DNOW revenue?
    DNOW Inc. (DNOW) reported $4.79B of revenue for the twelve months ended Sep 30, 2026. That is up 96.8% from the year before. Revenue for fiscal 2025 was $2.82B.
  • Is DNOW profitable?
    No. DNOW Inc. reported a net loss of $186.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does DNOW have?
    DNOW Inc. reported $112.00M in cash and cash equivalents and $377.00M of debt on its most recent balance sheet in SEC filings.
  • How fast is DNOW revenue growing?
    DNOW Inc.'s revenue changed +18.8% in fiscal 2025, to $2.82B. Its compound annual growth rate was +11.7% over 5 years and -0.6% over 10 years.
  • What is DNOW gross margin?
    DNOW Inc.'s gross profit was $769.00M on $4.79B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 16.1%.
  • What is DNOW free cash flow?
    DNOW Inc. generated $203.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $241.00M less capital expenditures.
  • What is DNOW earnings per share?
    Diluted earnings per share were -$1.50 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did DNOW last report financial results?
    The latest statements here come from DNOW Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this DNOW financial data come from?
    Quantisnow builds these statements from the structured XBRL data DNOW Inc. files with the SEC. It is provided for information only and is not investment advice.