DNOW Inc. DNOW

Industrials SIC 3533 - Oil & Gas Field Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Mining and Oil and Gas Field Machinery Manufacturing › Oil and Gas Field Machinery and Equipment Manufacturing derived NYSE

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.

Last close 16.12 2026-09-04
Market cap $2.91B 2026-06-30 share count
52-week range 10.94 - 17.26

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF21.7x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.76

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • International
  • Canada
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.3B (81.3%) 81% United States International, FY2025: 312M (11.1%) 11% International Canada, FY2025: 214M (7.6%) 8% Canada FY2024 United States, FY2024: 1.9B (79.2%) 79% International, FY2024: 240M (10.1%) 10% Canada, FY2024: 253M (10.7%) 11% FY2023 United States, FY2023: 1.7B (75.4%) 75% International, FY2023: 290M (12.5%) 12% Canada, FY2023: 282M (12.1%) 12%
Region FY2025FY2024FY2023
United States $2.29B $1.88B $1.75B
International $312.0M $240.0M $290.0M
Canada $214.0M $253.0M $282.0M

As the company reported it, from the “Business Segments - Summary of Financial Information of Company's Reportable Segments (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 $478.0M$531.0M$539.0M$506.0M$357.0M$292.0M$586.0M$630.0M$501.0M$345.0M
SG&A $559.0M$416.0M$395.0M———————
Total operating expenses ———————$557.0M$542.0M$567.0M
Operating income -$93.0M$109.0M$144.0M$131.0M$9.0M-$420.0M-$83.0M$73.0M-$41.0M-$222.0M
Pre-tax income -$100.0M$110.0M$142.0M$139.0M$12.0M-$430.0M-$93.0M$58.0M-$52.0M-$230.0M
Income tax $12.0M$31.0M$109.0M$10.0M$7.0M$3.0M$4.0M$6.0M—$4.0M
Net income -$89$78$250$128$5-$427.0M-$97.0M$52.0M-$52.0M-$234.0M
EPS, basic -0.760.722.291.140.05-3.91-0.890.47-0.48-2.18
EPS, diluted -0.760.712.271.130.05-3.91-0.890.47-0.48-2.18
Shares, diluted (wtd. avg.) 117.9M107.1M108.4M111.2M110.5M109.4M108.8M108.6M107.7M107.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $164.0M$256.0M$299.0M$212.0M$313.0M$387.0M$183.0M$116.0M$98.0M$106.0M
Receivables $874.0M$388.0M$384.0M$398.0M$304.0M$198.0M$370.0M$482.0M$423.0M$354.0M
Inventory $1.19B$352.0M$366.0M$381.0M$250.0M$262.0M$465.0M$602.0M$590.0M$483.0M
Total current assets $2.28B$1.03B$1.07B$1.02B$883.0M$861.0M$1.07B$1.22B$1.13B$959.0M
Property, plant and equipment $264.0M$157.0M$131.0M$119.0M$111.0M$98.0M$120.0M$106.0M$119.0M$143.0M
Goodwill $617.0M$230.0M$139.0M$116.0M$67.0M$0$245.0M$314.0M$328.0M$311.0M
Other intangibles $565.0M$65.0M$28.0M$25.0M$9.0M$0$90.0M$144.0M$166.0M$184.0M
Total assets $3.92B$1.62B$1.53B$1.32B$1.10B$1.01B$1.59B$1.79B$1.75B$1.60B
Accounts payable $653.0M$300.0M$288.0M$304.0M$235.0M$172.0M$255.0M$329.0M$290.0M$246.0M
Short-term debt ————————$35.0M$44.0M
Total current liabilities $974.0M$442.0M$418.0M$439.0M$369.0M$272.0M$396.0M$441.0M$394.0M$347.0M
Long-term debt $411.0M$0—————$132.0M$162.0M$65.0M
Total liabilities $1.69B$493.0M$466.0M$476.0M$392.0M$309.0M$447.0M$581.0M$564.0M$420.0M
Retained earnings -$836.0M-$747.0M-$828.0M-$1.07B-$1.20B-$1.21B-$775.0M-$678.0M-$730.0M-$678.0M
Total equity $2.23B$1.12B$1.07B$844.0M$712.0M$699.0M$1.14B$1.21B$1.19B$1.18B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $155.0M$298.0M$188.0M$0$30.0M$189.0M$224.0M$73.0M-$115.0M$235.0M
Depreciation and amortisation $52.0M$34.0M$26.0M$19.0M$23.0M$28.0M$41.0M$41.0M$50.0M$53.0M
Stock-based compensation $29.0M$13.0M$15.0M$11.0M$8.0M—$13.0M$16.0M$20.0M$23.0M
Capital expenditure $21.0M$9.0M$17.0M$9.0M$5.0M$8.0M$12.0M$11.0M$4.0M$4.0M
Investing cash flow -$590.0M-$304.0M-$48.0M-$87.0M-$96.0M$22.0M-$22.0M-$9.0M$8.0M-$183.0M
Financing cash flow $339.0M-$33.0M-$55.0M-$10.0M-$6.0M-$8.0M-$138.0M-$37.0M$94.0M-$47.0M
Buybacks $37.0M$23.0M$50.0M$7.0M$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-148976.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Goodwill
  • Inventory
Goodwill, Inventory by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Goodwill, FY2016: 311M Inventory, FY2016: 483M Goodwill, FY2017: 328M Inventory, FY2017: 590M Goodwill, FY2018: 314M Inventory, FY2018: 602M Goodwill, FY2019: 245M Inventory, FY2019: 465M Goodwill, FY2020: 0 Inventory, FY2020: 262M Goodwill, FY2021: 67M Inventory, FY2021: 250M Goodwill, FY2022: 116M Inventory, FY2022: 381M Goodwill, FY2023: 139M Inventory, FY2023: 366M Goodwill, FY2024: 230M Inventory, FY2024: 352M Goodwill, FY2025: 617M Inventory, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Goodwill $311.0M $328.0M $314.0M $245.0M $0 $67.0M $116.0M $139.0M $230.0M $617.0M
Inventory $483.0M $590.0M $602.0M $465.0M $262.0M $250.0M $381.0M $366.0M $352.0M $1.19B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3533

TickerCompanyMarket capP/ERevenue growth
BKR Baker Hughes Co $63.03B — -0.3%
FTI TechnipFMC plc $31.31B 34.7x 9.4%
NOV NOV Inc. $7.68B 54.8x -1.4%
WFRD Weatherford International plc $6.87B 16.2x -10.8%
INVX Innovex International, Inc. $2.10B 25.1x 48.0%
FET FORUM ENERGY TECHNOLOGIES, INC. $907.6M — -3.1%
FLOC Flowco Holdings Inc. $904.3M 17.0x 32.2%
OIS OIL STATES INTERNATIONAL, INC $528.4M — -3.4%