Dnow Inc. (DNOW) Financial Ratios
14 years of historical data (2012–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
N/A
—
5yr avg: 10.71
30Y Low5.8·High20.7
P/FCF
↓
11.88
↓-23% vs avg
5yr avg: 15.35
30Y Low4.3·High40.3
P/B Ratio
↓
0.71
↓-42% vs avg
5yr avg: 1.22
30Y Low0.7·High1.9
ROE
↓
-5.3%
↑-159% vs avg
5yr avg: 9.0%
30Y Low-46%·High26%
Debt/EBITDA
↓
N/A
—
5yr avg: 0.45
30Y Low0.2·High18.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DNOW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dnow Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 11.9x P/FCF, 23% below the 5-year average of 15.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.6B | $1.4B | $1.2B | $1.4B | $944M | $786M | $1.2B | $1.3B | $1.2B | $2.2B |
| Enterprise Value | $2.1B | $2.1B | $1.2B | $969M | $1.2B | $663M | $446M | $1.1B | $1.3B | $1.3B | $2.1B |
| P/E Ratio → | -18.00 | — | 17.35 | 5.05 | 11.24 | 188.94 | — | — | 24.25 | — | — |
| P/S Ratio | 0.56 | 0.55 | 0.59 | 0.53 | 0.66 | 0.58 | 0.49 | 0.41 | 0.41 | 0.45 | 1.04 |
| P/B Ratio | 0.71 | 0.70 | 1.24 | 1.15 | 1.67 | 1.33 | 1.12 | 1.07 | 1.05 | 1.00 | 1.85 |
| P/FCF | 11.88 | 11.67 | 4.82 | 7.18 | — | 37.75 | 4.34 | 5.77 | 20.46 | — | 9.78 |
| P/OCF | 10.27 | 10.09 | 4.68 | 6.53 | — | 31.45 | 4.16 | 5.46 | 17.38 | — | 9.32 |
P/E links to full P/E history page with 30-year chart
DNOW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.73 | 0.50 | 0.42 | 0.58 | 0.41 | 0.28 | 0.38 | 0.41 | 0.47 | 1.02 |
| EV / EBITDA | — | — | 8.03 | 5.84 | 8.26 | 20.71 | — | — | 11.27 | 139.16 | — |
| EV / EBIT | — | — | 9.92 | 6.92 | 8.78 | 41.41 | — | 24.70 | 17.60 | — | — |
| EV / FCF | — | 15.44 | 4.08 | 5.67 | — | 26.51 | 2.46 | 5.24 | 20.72 | — | 9.60 |
DNOW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dnow Inc. earns an operating margin of -2.9%, below the Energy sector average of 13.8%. Operating margins have compressed from 6.0% to -2.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.0% | 17.0% | 22.5% | 23.1% | 23.7% | 21.9% | 18.0% | 19.9% | 20.1% | 18.9% | 16.4% |
| Operating Margin | -2.9% | -2.9% | 4.8% | 6.0% | 6.1% | 0.6% | -25.9% | -2.8% | 2.3% | -1.5% | -10.5% |
| Net Profit Margin | -3.2% | -3.2% | 3.4% | 10.6% | 6.0% | 0.3% | -26.4% | -3.3% | 1.7% | -2.0% | -11.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.3% | -5.3% | 7.4% | 25.9% | 16.5% | 0.7% | -46.3% | -8.2% | 4.3% | -4.4% | -18.1% |
| ROA | -3.2% | -3.2% | 5.1% | 17.3% | 10.6% | 0.5% | -32.9% | -5.7% | 2.9% | -3.1% | -13.6% |
| ROIC | -3.3% | -3.3% | 9.9% | 14.2% | 17.8% | 1.7% | -45.3% | -5.5% | 4.4% | -2.6% | -13.0% |
| ROCE | -3.9% | -3.9% | 9.9% | 14.1% | 16.2% | 1.2% | -43.5% | -6.5% | 5.4% | -3.1% | -16.0% |
DNOW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $505M ($669M total debt minus $164M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.04 | 0.04 | 0.05 | 0.04 | 0.07 | 0.06 | 0.11 | 0.14 | 0.05 |
| Debt / EBITDA | — | — | 0.29 | 0.25 | 0.25 | 1.00 | — | — | 1.16 | 18.00 | — |
| Net Debt / Equity | — | 0.23 | -0.19 | -0.24 | -0.21 | -0.39 | -0.49 | -0.10 | 0.01 | 0.05 | -0.03 |
| Net Debt / EBITDA | — | — | -1.46 | -1.55 | -1.16 | -8.78 | — | — | 0.14 | 7.11 | — |
| Debt / FCF | — | 3.77 | -0.74 | -1.51 | — | -11.24 | -1.88 | -0.52 | 0.26 | — | -0.18 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
DNOW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Dnow Inc.'s current ratio of 2.34x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.11x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.56x to 2.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.34 | 2.34 | 2.33 | 2.56 | 2.32 | 2.39 | 3.17 | 2.69 | 2.76 | 2.87 | 2.76 |
| Quick Ratio | 1.11 | 1.11 | 1.53 | 1.68 | 1.45 | 1.72 | 2.20 | 1.52 | 1.40 | 1.37 | 1.37 |
| Cash Ratio | 0.17 | 0.17 | 0.58 | 0.72 | 0.48 | 0.85 | 1.42 | 0.46 | 0.26 | 0.25 | 0.31 |
| Asset Turnover | — | 0.72 | 1.46 | 1.52 | 1.62 | 1.48 | 1.61 | 1.85 | 1.74 | 1.51 | 1.31 |
| Inventory Turnover | 1.96 | 1.96 | 5.22 | 4.88 | 4.28 | 5.10 | 5.06 | 5.09 | 4.15 | 3.64 | 3.65 |
| Days Sales Outstanding | — | 113.12 | 59.68 | 60.39 | 68.01 | 67.99 | 44.64 | 45.76 | 56.26 | 58.31 | 61.32 |
DNOW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dnow Inc. returns 2.3% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 5.8% | 19.8% | 8.9% | 0.5% | — | — | 4.1% | — | — |
| FCF Yield | 8.4% | 8.6% | 20.7% | 13.9% | — | 2.6% | 23.0% | 17.3% | 4.9% | — | 10.2% |
| Buyback Yield | 2.3% | 2.4% | 1.6% | 4.1% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.4% | 1.6% | 4.1% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $118M | $107M | $108M | $111M | $110M | $109M | $109M | $109M | $108M | $107M |
Peer Comparison
Compare DNOW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DNOWYou | $2B | -18.0 | — | 11.9 | 17.0% | -2.9% | -5.3% | -3.3% | — |
 DXPE | $3B | 32.4 | 15.6 | 49.9 | 31.5% | 8.8% | 19.3% | 12.5% | 4.6 |
 GWW | $64B | 38.6 | 22.8 | 48.4 | 39.1% | 15.0% | 43.5% | 32.1% | 1.1 |
 MSM | $7B | 33.2 | 17.6 | 27.5 | 40.8% | 8.3% | 14.2% | 12.3% | 1.3 |
 FAST | $53B | 42.1 | 31.9 | 50.1 | 45.0% | 20.2% | 33.3% | 31.2% | 0.3 |
 AIT | $12B | 33.4 | 22.7 | 26.9 | 30.3% | 10.9% | 22.2% | 18.7% | 1.0 |
 MLI | $15B | 20.0 | 14.4 | 22.2 | 27.4% | 21.4% | 28.7% | 44.7% | 0.0 |
 NVT | $29B | 41.1 | 36.3 | 77.0 | 37.7% | 15.8% | 20.4% | 8.9% | 1.9 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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DNOW — Frequently Asked Questions
Quick answers to the most common questions about buying DNOW stock.
What is Dnow Inc.'s P/E ratio?
Dnow Inc.'s current P/E ratio is -18.0x. The historical average is 45.2x.
What is Dnow Inc.'s ROE?
Dnow Inc.'s return on equity (ROE) is -5.3%. The historical average is -2.7%.
Is DNOW stock overvalued?
Based on historical data, Dnow Inc. is trading at a P/E of -18.0x. Compare with industry peers and growth rates for a complete picture.
What are Dnow Inc.'s profit margins?
Dnow Inc. has 17.0% gross margin and -2.9% operating margin.