Dnow Inc. (DNOW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DNOW Revenue Growth
Revenue Breakdown (FY 2025)
DNOW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DNOW Revenue Analysis (2014–2025)
As of May 8, 2026, Dnow Inc. (DNOW) generated trailing twelve-month (TTM) revenue of $3.40 billion, reflecting explosive growth of +97.5% year-over-year. The most recent quarter (Q1 2026) recorded $1.18 billion in revenue, up 23.4% sequentially.
Looking at the longer-term picture, DNOW's 5-year compound annual growth rate (CAGR) stands at +11.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.11 billion in 2014.
Revenue diversification analysis shows DNOW's business is primarily driven by Upstream (69%), Midstream (23%), and Gas Utilities (7%). With over half of revenue concentrated in Upstream, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including DXPE (+11.9% YoY), GWW (+6.6% YoY), and MSM (+0.3% YoY), DNOW has outperformed the peer group in terms of revenue growth. Compare DNOW vs DXPE →
DNOW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DNOWCurrent | $3.4B | +97.5% | +11.7% | -2.9% | |
 DXPE | $2.0B | +11.9% | +14.9% | 8.8% | |
 GWW | $17.9B | +6.6% | +8.7% | 15.0% | |
 MSM | $3.8B | +0.3% | +3.4% | 8.3% | |
 FAST | $8.2B | +8.7% | +7.7% | 20.2% | |
 AIT | $4.6B | +7.5% | +7.1% | 10.9% |
DNOW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.82B | +18.8% | $478.0M | 17.0% | $-81,000,000 | -2.9% |
| 2024 | $2.37B | +2.2% | $535.0M | 22.5% | $113.0M | 4.8% |
| 2023 | $2.32B | +8.7% | $535.0M | 23.1% | $140.0M | 6.0% |
| 2022 | $2.14B | +30.9% | $506.0M | 23.7% | $131.0M | 6.1% |
| 2021 | $1.63B | +0.8% | $357.0M | 21.9% | $9.0M | 0.6% |
| 2020 | $1.62B | -45.1% | $292.0M | 18.0% | $-420,000,000 | -25.9% |
| 2019 | $2.95B | -5.6% | $586.0M | 19.9% | $-83,000,000 | -2.8% |
| 2018 | $3.13B | +18.1% | $630.0M | 20.1% | $73.0M | 2.3% |
| 2017 | $2.65B | +25.7% | $501.0M | 18.9% | $-41,000,000 | -1.5% |
| 2016 | $2.11B | -30.0% | $345.0M | 16.4% | $-222,000,000 | -10.5% |
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Start ComparisonDNOW — Frequently Asked Questions
Quick answers to the most common questions about buying DNOW stock.
Is DNOW's revenue growth accelerating or slowing?
DNOW revenue is accelerating at +97.5% year-over-year, exceeding the 5-year CAGR of +11.7%. TTM revenue reached $3.4B. Growth momentum has increased versus prior periods.
What is DNOW's long-term revenue growth rate?
Dnow Inc.'s 5-year revenue CAGR of +11.7% reflects the sustained expansion pattern. Current YoY growth of +97.5% is above this long-term average.
How is DNOW's revenue distributed by segment?
DNOW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.