DNOW Inc., (“DNOW” or the “Company”), headquartered in Houston, Texas, was incorporated in Delaware on November 22, 2013. On June 2, 2014, DNOW stock began regular trading on the New York Stock Exchange under the ticker symbol “DNOW”. We are a premier provider of energy and industrial solutions, serving as a global leader in the distribution of pipe, valves and fittings (“PVF”), and pumps, as well as in the fabrication, assembly and testing of process and production equipment. We provide a broad mix of quality products customers require to build and maintain essential infrastructure and operating equipment across the upstream, midstream, gas utilities, downstream, energy transition and industrial markets. We deliver a comprehensive range of value-added supply chain solutions and technical product expertise, supported by advanced digital offerings to customers globally. On June 26, 2025, DNOW entered into an Agreement and Plan of Merger (the “Merger Agreement”) with MRC Global Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.8B | 2.8B | 2.4B | 2.3B | 2.1B | 1.6B |
| Net Income | -89M | -89M | 76M | 246M | 126M | 5.0M |
| EPS | $-0.38 | $-0.38 | $0.36 | $1.14 | $0.57 | $0.03 |
| Free Cash Flow | 134M | 134M | 289M | 171M | -9.0M | 25M |
| ROIC | -2.8% | -4.7% | 9.1% | 19.7% | 22.4% | 1.4% |
| Gross Margin | 17.0% | 17.0% | 22.4% | 23.2% | 23.7% | 21.9% |
| Debt/Equity | 0.27 | 0.27 | 0.06 | 0.06 | 0.06 | 0.05 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -93M | -93M | 109M | 144M | 131M | 9.0M |
| Operating Margin | -3.3% | -3.3% | 4.6% | 6.2% | 6.1% | 0.6% |
| ROE | -4.0% | -5.3% | 7.0% | 25.9% | 16.2% | 0.7% |
| Shares Outstanding | 234M | 234M | 214M | 217M | 223M | 200M |
DNOW Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 16.6x vs a median of 17.0x. The company's 5-year average ROIC is 9.6% with a gross margin of 21.6%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is +6.0%.
DNOW Inc. (DNOW) has a 5-year average return on invested capital (ROIC) of 9.6%. This is below average and may indicate limited pricing power.
DNOW Inc. (DNOW) has a market capitalization of $2.8B. It is classified as a mid-cap stock.
DNOW Inc. (DNOW) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.32%.
DNOW Inc. (DNOW) operates in the Oil & Gas Field Machinery & Equipment industry, within the Industrials sector.
DNOW Inc. (DNOW) reported annual revenue of $2.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
DNOW Inc. (DNOW) has a net profit margin of -3.2%. The company is currently unprofitable.
DNOW Inc. (DNOW) generated $134 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DNOW Inc. (DNOW) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
DNOW Inc. (DNOW) reported earnings per share (EPS) of $-0.38 in its most recent fiscal year.
DNOW Inc. (DNOW) has a return on equity (ROE) of -5.3%. A negative ROE may indicate losses or negative equity.
DNOW Inc. (DNOW) has a 5-year average gross margin of 21.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for DNOW Inc. (DNOW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DNOW Inc. (DNOW) has a book value per share of $9.53, based on its most recent annual SEC filing.