8-K Announcements
6Feb 27, 2026·SEC
Feb 20, 2026·SEC
Nov 6, 2025·SEC
Dnow Inc. (DNOW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Dnow Inc. (DNOW) stock price & volume — 10-year historical chart
Dnow Inc. (DNOW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Dnow Inc. (DNOW) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 20, 2026 | $0.15vs $0.15+0.0% | $959Mvs $970M-1.1% |
| Q4 2025 | Nov 5, 2025 | $0.26vs $0.24+8.3% | $634Mvs $970M-34.6% |
| Q3 2025 | Aug 6, 2025 | $0.27vs $0.22+22.7% | $628Mvs $626M+0.4% |
| Q2 2025 | May 7, 2025 | $0.22vs $0.19+15.8% | $599Mvs $608M-1.5% |
Dnow Inc. (DNOW) competitors in Oilfield Chemicals and Consumables — business model, growth, and fundamentals comparison
Dnow Inc. (DNOW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Dnow Inc. (DNOW) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.65B | 3.13B | 2.95B | 1.62B | 1.63B | 2.14B | 2.32B | 2.37B | 2.82B |
| Revenue Growth % | 25.68% | 18.09% | -5.63% | -45.14% | 0.8% | 30.88% | 8.66% | 2.24% | 18.84% |
| Cost of Goods Sold | 2.15B | 2.5B | 2.37B | 1.33B | 1.27B | 1.63B | 1.79B | 1.84B | 2.34B |
| COGS % of Revenue | 81.08% | 79.85% | 80.14% | 81.96% | 78.13% | 76.31% | 76.95% | 77.45% | 83.05% |
| Gross Profit | 501M▲ 0% | 630M▲ 25.7% | 586M▼ 7.0% | 292M▼ 50.2% | 357M▲ 22.3% | 506M▲ 41.7% | 535M▲ 5.7% | 535M▲ 0.0% | 478M▼ 10.7% |
| Gross Margin % | 18.92% | 20.15% | 19.86% | 18.04% | 21.88% | 23.69% | 23.05% | 22.55% | 16.95% |
| Gross Profit Growth % | 45.22% | 25.75% | -6.98% | -50.17% | 22.26% | 41.74% | 5.73% | 0% | -10.65% |
| Operating Expenses | 542M | 557M | 669M | 712M | 348M | 375M | 395M | 422M | 559M |
| OpEx % of Revenue | 20.47% | 17.81% | 22.67% | 43.98% | 21.32% | 17.56% | 17.02% | 17.78% | 19.82% |
| Selling, General & Admin | 542M | 557M | 541M | 391M | 341M | 365M | 395M | 416M | 559M |
| SG&A % of Revenue | 20.47% | 17.81% | 18.33% | 24.15% | 20.89% | 17.09% | 17.02% | 17.53% | 19.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 128M | 321M | 7M | 10M | 0 | 6M | 0 |
| Operating Income | -41M▲ 0% | 73M▲ 278.0% | -83M▼ 213.7% | -420M▼ 406.0% | 9M▲ 102.1% | 131M▲ 1355.6% | 140M▲ 6.9% | 113M▼ 19.3% | -81M▼ 171.7% |
| Operating Margin % | -1.55% | 2.33% | -2.81% | -25.94% | 0.55% | 6.13% | 6.03% | 4.76% | -2.87% |
| Operating Income Growth % | 81.53% | 278.05% | -213.7% | -406.02% | 102.14% | 1355.56% | 6.87% | -19.29% | -171.68% |
| EBITDA | 9M | 114M | -42M | -392M | 32M | 150M | 166M | 147M | -29M |
| EBITDA Margin % | 0.34% | 3.65% | -1.42% | -24.21% | 1.96% | 7.02% | 7.15% | 6.19% | -1.03% |
| EBITDA Growth % | 105.33% | 1166.67% | -136.84% | -833.33% | 108.16% | 368.75% | 10.67% | -11.45% | -119.73% |
| D&A (Non-Cash Add-back) | 50M | 41M | 41M | 28M | 23M | 19M | 26M | 34M | 52M |
| EBIT | -41M | 73M | 45M | -99M | 16M | 141M | 140M | 119M | -81M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -11M | -15M | -10M | -10M | 3M | 8M | -2M | 1M | -19M |
| Pretax Income | -52M▲ 0% | 58M▲ 211.5% | -93M▼ 260.3% | -430M▼ 362.4% | 12M▲ 102.8% | 139M▲ 1058.3% | 138M▼ 0.7% | 114M▼ 17.4% | -100M▼ 187.7% |
| Pretax Margin % | -1.96% | 1.85% | -3.15% | -26.56% | 0.74% | 6.51% | 5.95% | 4.8% | -3.55% |
| Income Tax | 0 | 6M | 4M | -3M | 7M | 10M | -110M | 32M | -12M |
| Effective Tax Rate % | 0% | 10.34% | -4.3% | 0.7% | 58.33% | 7.19% | -79.71% | 28.07% | 12% |
| Net Income | -52M▲ 0% | 52M▲ 200.0% | -97M▼ 286.5% | -427M▼ 340.2% | 5M▲ 101.2% | 128M▲ 2460.0% | 247M▲ 93.0% | 81M▼ 67.2% | -89M▼ 209.9% |
| Net Margin % | -1.96% | 1.66% | -3.29% | -26.37% | 0.31% | 5.99% | 10.64% | 3.41% | -3.16% |
| Net Income Growth % | 77.78% | 200% | -286.54% | -340.21% | 101.17% | 2460% | 92.97% | -67.21% | -209.88% |
| Net Income (Continuing) | -52M | 52M | -97M | -427M | 5M | 129M | 248M | 82M | -88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 1M | 2M | 3M | 4M | 5M |
| EPS (Diluted) | -0.48▲ 0% | 0.48▲ 200.0% | -0.89▼ 285.4% | -3.90▼ 338.2% | 0.05▲ 101.2% | 1.13▲ 2400.0% | 2.24▲ 98.2% | 0.75▼ 66.5% | -0.75▼ 200.0% |
| EPS Growth % | 78.08% | 200% | -285.42% | -338.2% | 101.16% | 2400% | 98.23% | -66.52% | -200% |
| EPS (Basic) | -0.48 | 0.48 | -0.89 | -3.90 | 0.05 | 1.14 | 2.26 | 0.75 | -0.75 |
| Diluted Shares Outstanding | 107.75M | 109M | 108.78M | 109.41M | 110.49M | 111.22M | 108.42M | 107.15M | 118M |
| Basic Shares Outstanding | 107.75M | 108M | 108.78M | 109.41M | 110.4M | 110.68M | 107.4M | 106.35M | 118M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Dnow Inc. (DNOW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.13B | 1.22B | 1.07B | 861M | 883M | 1.02B | 1.07B | 1.03B | 2.28B |
| Cash & Short-Term Investments | 98M | 116M | 183M | 387M | 313M | 212M | 299M | 256M | 164M |
| Cash Only | 98M | 116M | 183M | 387M | 313M | 212M | 299M | 256M | 164M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 423M | 482M | 370M | 198M | 304M | 398M | 384M | 388M | 874M |
| Days Sales Outstanding | 58.31 | 56.26 | 45.76 | 44.64 | 67.99 | 68.01 | 60.39 | 59.68 | 113.12 |
| Inventory | 590M | 602M | 465M | 262M | 250M | 381M | 366M | 352M | 1.19B |
| Days Inventory Outstanding | 100.3 | 88 | 71.77 | 72.06 | 71.57 | 85.32 | 74.8 | 69.9 | 185.77 |
| Other Current Assets | 18M | 19M | 34M | 0 | 0 | 26M | 19M | 32M | 48M |
| Total Non-Current Assets | 620M | 576M | 524M | 147M | 221M | 303M | 461M | 593M | 1.65B |
| Property, Plant & Equipment | 119M | 106M | 176M | 98M | 111M | 119M | 171M | 157M | 424M |
| Fixed Asset Turnover | 22.25x | 29.50x | 16.77x | 16.52x | 14.70x | 17.95x | 13.57x | 15.11x | 6.65x |
| Goodwill | 328M | 314M | 245M | 0 | 67M | 116M | 139M | 230M | 617M |
| Intangible Assets | 166M | 144M | 90M | 0 | 9M | 25M | 28M | 65M | 565M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5M | 10M | 11M | 48M | 34M | 43M | 5M | 48M | 29M |
| Total Assets | 1.75B▲ 0% | 1.79B▲ 2.6% | 1.59B▼ 11.4% | 1.01B▼ 36.6% | 1.1B▲ 9.5% | 1.32B▲ 19.6% | 1.53B▲ 15.8% | 1.62B▲ 6.0% | 3.92B▲ 142.1% |
| Asset Turnover | 1.51x | 1.74x | 1.85x | 1.61x | 1.48x | 1.62x | 1.52x | 1.46x | 0.72x |
| Asset Growth % | 9.11% | 2.63% | -11.36% | -36.64% | 9.52% | 19.57% | 15.83% | 6.02% | 142.07% |
| Total Current Liabilities | 394M | 441M | 396M | 272M | 369M | 439M | 418M | 442M | 974M |
| Accounts Payable | 290M | 329M | 255M | 172M | 235M | 304M | 288M | 300M | 653M |
| Days Payables Outstanding | 49.3 | 48.09 | 39.36 | 47.31 | 67.27 | 68.07 | 58.86 | 59.58 | 101.77 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 19M | 29M | 34M | 19M | 27M | 33M | 28M | 31M | 0 |
| Other Current Liabilities | 20M | 45M | 38M | 27M | 57M | 45M | 53M | 45M | 321M |
| Current Ratio | 2.87x | 2.76x | 2.69x | 3.17x | 2.39x | 2.32x | 2.56x | 2.33x | 2.34x |
| Quick Ratio | 1.37x | 1.40x | 1.52x | 2.20x | 1.72x | 1.45x | 1.68x | 1.53x | 1.11x |
| Cash Conversion Cycle | 109.31 | 96.17 | 78.17 | 69.39 | 72.28 | 85.25 | 76.33 | 70.01 | 197.13 |
| Total Non-Current Liabilities | 170M | 140M | 51M | 37M | 23M | 37M | 48M | 51M | 712M |
| Long-Term Debt | 162M | 132M | 0 | 0 | 0 | 0 | 0 | 0 | 540M |
| Capital Lease Obligations | 0 | 0 | 44M | 25M | 17M | 25M | 30M | 29M | 129M |
| Deferred Tax Liabilities | 7M | 6M | 4M | 0 | 0 | 1M | 0 | 0 | 99M |
| Other Non-Current Liabilities | 1M | 2M | 3M | 12M | 6M | 11M | 18M | 22M | -56M |
| Total Liabilities | 564M | 581M | 447M | 309M | 392M | 476M | 466M | 493M | 1.69B |
| Total Debt | 162M | 132M | 72M | 47M | 32M | 38M | 41M | 42M | 669M |
| Net Debt | 64M | 16M | -111M | -340M | -281M | -174M | -258M | -214M | 505M |
| Debt / Equity | 0.14x | 0.11x | 0.06x | 0.07x | 0.04x | 0.05x | 0.04x | 0.04x | 0.30x |
| Debt / EBITDA | 18.00x | 1.16x | - | - | 1.00x | 0.25x | 0.25x | 0.29x | - |
| Net Debt / EBITDA | 7.11x | 0.14x | - | - | -8.78x | -1.16x | -1.55x | -1.46x | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.19B▲ 0% | 1.21B▲ 2.4% | 1.14B▼ 5.8% | 699M▼ 38.9% | 712M▲ 1.9% | 844M▲ 18.5% | 1.06B▲ 25.9% | 1.13B▲ 6.1% | 2.24B▲ 98.4% |
| Equity Growth % | 0.17% | 2.45% | -5.77% | -38.9% | 1.86% | 18.54% | 25.95% | 6.11% | 98.4% |
| Book Value per Share | 11.00 | 11.14 | 10.52 | 6.39 | 6.44 | 7.59 | 9.80 | 10.53 | 18.97 |
| Total Shareholders' Equity | 1.19B | 1.21B | 1.14B | 699M | 711M | 842M | 1.06B | 1.12B | 2.24B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 2M |
| Retained Earnings | -730M | -678M | -775M | -1.21B | -1.2B | -1.07B | -828M | -747M | -836M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -105M | -143M | -128M | -145M | -147M | -150M | -145M | -153M | -126M |
| Minority Interest | 0 | 0 | 0 | 0 | 1M | 2M | 3M | 4M | 5M |
Dnow Inc. (DNOW) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -115M | 73M | 224M | 189M | 30M | 0 | 188M | 298M | 0 |
| Operating CF Margin % | -4.34% | 2.33% | 7.59% | 11.67% | 1.84% | - | 8.1% | 12.56% | - |
| Operating CF Growth % | -148.94% | 163.48% | 206.85% | -15.63% | -84.13% | -100% | - | 58.51% | -100% |
| Net Income | -52M | 52M | -97M | -427M | 5M | 129M | 248M | 82M | -89M |
| Depreciation & Amortization | 50M | 41M | 41M | 28M | 23M | 19M | 26M | 34M | 0 |
| Stock-Based Compensation | 20M | 16M | 13M | 0 | 8M | 11M | 15M | 13M | 15M |
| Deferred Taxes | -1M | -1M | -2M | 0 | -8M | 1M | -119M | 25M | 0 |
| Other Non-Cash Items | 3M | 11M | 171M | 418M | 35M | 20M | 27M | 25M | 74M |
| Working Capital Changes | -135M | -46M | 98M | 170M | -33M | -180M | -9M | 119M | 0 |
| Change in Receivables | -64M | -69M | 98M | 157M | -97M | -95M | 16M | 81M | 0 |
| Change in Inventory | -110M | -30M | 109M | 148M | 3M | -138M | 12M | 80M | 0 |
| Change in Payables | 41M | -725M | -110M | 0 | 64M | 0 | 0 | -34M | 0 |
| Cash from Investing | 8M | -9M | -22M | 22M | -96M | -87M | -48M | -304M | 0 |
| Capital Expenditures | -4M | -11M | -12M | -8M | -5M | -9M | -17M | -9M | 0 |
| CapEx % of Revenue | 0.15% | 0.35% | 0.41% | 0.49% | 0.31% | 0.42% | 0.73% | 0.38% | - |
| Acquisitions | -4M | 2M | -8M | 26M | -96M | -80M | -32M | -299M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 16M | 2M | -2M | 4M | 5M | 2M | 1M | 4M | 0 |
| Cash from Financing | 94M | -37M | -138M | -8M | -6M | -10M | -55M | -33M | 0 |
| Debt Issued (Net) | 97M | -30M | -138M | -8M | -6M | -3M | -5M | -10M | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -7M | -50M | -23M | 0 |
| Other Financing | -3M | -7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -8M▲ 0% | 18M▲ 325.0% | 67M▲ 272.2% | 204M▲ 204.5% | -74M▼ 136.3% | -101M▼ 36.5% | 87M▲ 186.1% | -43M▼ 149.4% | -256M▼ 495.3% |
| Free Cash Flow | -119M▲ 0% | 62M▲ 152.1% | 212M▲ 241.9% | 181M▼ 14.6% | 25M▼ 86.2% | -9M▼ 136.0% | 171M▲ 2000.0% | 289M▲ 69.0% | 0▼ 100.0% |
| FCF Margin % | -4.49% | 1.98% | 7.18% | 11.18% | 1.53% | -0.42% | 7.37% | 12.18% | - |
| FCF Growth % | -153.13% | 152.1% | 241.94% | -14.62% | -86.19% | -136% | 2000% | 69.01% | -100% |
| FCF per Share | -1.10 | 0.57 | 1.95 | 1.65 | 0.23 | -0.08 | 1.58 | 2.70 | - |
| FCF Conversion (FCF/Net Income) | 2.21x | 1.40x | -2.31x | -0.44x | 6.00x | - | 0.76x | 3.68x | - |
| Interest Paid | 6M | 9M | 7M | 2M | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 2M | 6M | 5M | 0 | 0 | 11M | 10M | 0 | 0 |
Dnow Inc. (DNOW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -18.1% | -4.39% | 4.34% | -8.23% | -46.34% | 0.71% | 16.45% | 25.9% | 7.39% | -5.29% |
| Return on Invested Capital (ROIC) | -12.99% | -2.57% | 4.42% | -5.5% | -45.26% | 1.71% | 17.85% | 14.24% | 9.86% | -3.32% |
| Gross Margin | 16.37% | 18.92% | 20.15% | 19.86% | 18.04% | 21.88% | 23.69% | 23.05% | 22.55% | 16.95% |
| Net Margin | -11.11% | -1.96% | 1.66% | -3.29% | -26.37% | 0.31% | 5.99% | 10.64% | 3.41% | -3.16% |
| Debt / Equity | 0.05x | 0.14x | 0.11x | 0.06x | 0.07x | 0.04x | 0.05x | 0.04x | 0.04x | 0.30x |
| FCF Conversion | -1.00x | 2.21x | 1.40x | -2.31x | -0.44x | 6.00x | - | 0.76x | 3.68x | - |
| Revenue Growth | -30% | 25.68% | 18.09% | -5.63% | -45.14% | 0.8% | 30.88% | 8.66% | 2.24% | 18.84% |
Dnow Inc. (DNOW) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 27, 2026·SEC
Feb 20, 2026·SEC
Nov 6, 2025·SEC
Dnow Inc. (DNOW) stock FAQ — growth, dividends, profitability & financials explained
Dnow Inc. (DNOW) reported $2.82B in revenue for fiscal year 2025. This represents a 17% decrease from $3.41B in 2012.
Dnow Inc. (DNOW) grew revenue by 18.8% over the past year. This is strong growth.
Dnow Inc. (DNOW) reported a net loss of $75.0M for fiscal year 2025.
Dnow Inc. (DNOW) has a return on equity (ROE) of -5.3%. Negative ROE indicates the company is unprofitable.
Dnow Inc. (DNOW) generated $58.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Dnow Inc. (DNOW) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates