DNOW Inc. distributes pipe, valves, fittings, and pumps in the United States, Canada, and internationally. The company offers flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, and pumping systems, process and production equipment, production measurement technology, maintenance, repair and operating consumables (MRO), and general and specialty products; personal protective equipment; and mill, tools, safety supplies, as well as vapor recovery systems under EcoVapo brand. It also offers original equipment manufacturer equipment, including pumps, generator sets, air compressors, dryers, blowers, mixers, and valves; modular oil and gas wellsite facility solutions; and application systems, work processes, parts integration, optimization solutions, and after-sales support services. In addition, the company provides supply chain and materials management; inventory planning; integrated supply; integrated supply; product quality programs; manufacturer assessments; multiple daily deliveries; volume purchasing; truck stocking; technical support; training; just-in-time delivery; and on-site commissioning; after-market field repair and rental mobile pumping units; inventory and zone store management; order consolidation; product tagging and system interfaces tailored; supplier specifications; engineering of control packages; valve inspection and repair; product expediting, tracking and tracing; documentation services; and pressure testing services. It serves customers in the upstream, midstream, and Gas Utilities sectors, as well as downstream and industrial including crude oil refining, petrochemical and chemical processing, general industrials, pharmaceutical, mining, water/wastewater treatment, data centers, liquefied natural gas, and terminals and renewable natural gas facilities. The company was formerly known as NOW Inc. and changed its name to DNOW Inc. in January 2024. DNOW Inc. was founded in 1862 and is headquartered in Houston, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.8B | $-29M | $-89M | $134M | -4.0% | 18.8% | -214.1% |
| 2024 | $2.4B | $149M | $78M | $289M | 6.9% | 2.2% | -68.8% |
| 2023 | $2.3B | $170M | $250M | $171M | 23.6% | 8.7% | 95.3% |
| 2022 | $2.1B | $160M | $128M | $-9M | 15.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,136 | 2,321 | 2,373 | 2,820 |
| Operating Revenue | - | 2,136 | 2,321 | 2,373 | 2,820 |
| Cost Of Revenue | - | 1,630 | 1,782 | 1,842 | 2,342 |
| Gross Profit | - | 506 | 539 | 531 | 478 |
| Operating Expense | - | 365 | 395 | 416 | 559 |
| Selling General And Administration | - | 365 | 395 | 416 | 559 |
| Total Expenses | - | 1,995 | 2,177 | 2,258 | 2,901 |
| Operating Income | - | 141 | 144 | 115 | -81 |
| Total Operating Income As Reported | - | 131 | 144 | 109 | -93 |
| EBITDA | - | 160 | 170 | 149 | -29 |
| Normalized EBITDA | - | 170 | 170 | 155 | -17 |
| EBIT | - | 141 | 144 | 115 | -81 |
| Other Non Operating Income Expenses | - | 8 | -2 | 1 | -7 |
| Other Income Expense | - | -2 | -2 | -5 | -19 |
| Pretax Income | - | 139 | 142 | 110 | -100 |
| Tax Provision | - | 10 | -109 | 31 | -12 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.72 | 0 | -1.69 | -1.44 |
| Net Income Continuous Operations | - | 129 | 251 | 79 | -88 |
| Net Income From Continuing And Discontinued Operation | - | 128 | 250 | 78 | -89 |
| Net Income From Continuing Operation Net Minority Interest | - | 128 | 250 | 78 | -89 |
| Net Income | - | 128 | 250 | 78 | -89 |
| Net Income Common Stockholders | - | 126 | 246 | 76 | -89 |
| Net Income Including Noncontrolling Interests | - | 129 | 251 | 79 | -88 |
| Normalized Income | - | 137.28 | 250 | 82.31 | -78.44 |
| Diluted NI Availto Com Stockholders | - | 126 | 246 | 76 | -89 |
| Basic Average Shares | - | 111 | 107 | 106 | 117.88 |
| Diluted Average Shares | - | 111 | 108 | 107 | 117.88 |
| Reconciled Depreciation | - | 19 | 26 | 34 | 52 |
| Reconciled Cost Of Revenue | - | 1,630 | 1,782 | 1,842 | 2,342 |
| Total Unusual Items | - | -10 | 0 | -6 | -12 |
| Total Unusual Items Excluding Goodwill | - | -10 | 0 | -6 | -12 |
| Minority Interests | - | -1 | -1 | -1 | -1 |
| Special Income Charges | - | -10 | 0 | -6 | -12 |
| Write Off | - | 10 | 0 | 6 | 12 |
| Impairment Of Capital Assets | 7 | 10 | - | - | - |
| Otherunder Preferred Stock Dividend | - | 2 | 4 | 2 | 0 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| DNOW Inc.this co. | DNOW | $2.5B | -27.69 | 1.10 | -4.0% | -99.50 |
| Hub Group, Inc. | HUBG | $2.7B | 25.63 | 1.62 | 6.3% | 9.06 |
| Werner Enterprises, Inc. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 | 1.95 |
| - |
| - |
| - |
| - |
| 7.3% |
| 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 | 5.02 | 17.8% | 14.18 |
| ABM Industries Incorporated | ABM | $2.3B | 14.37 | 1.31 | 9.1% | 9.26 |
| CoreCivic, Inc. | CXW | $2.3B | 19.57 | 1.62 | 8.3% | 10.14 |
| Pitney Bowes Inc. | PBI | $2.3B | 15.67 | -2.83 | -18.0% | 10.12 |
| Peer Median | - | 19.57 | 1.76 | 7.8% | 10.13 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Jul has averaged the highest return (+8.8%); Sep the lowest (-3.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +14.6%Positive MonthJan 2026: +14.64% | -22.4%Negative MonthFeb 2026: -22.45% | +1.1%Neutral MonthMar 2026: +1.10% | +13.3%Positive MonthApr 2026: +13.27% | -5.2%Negative MonthMay 2026: -5.19% | +1.4%Neutral MonthJun 2026: +1.41% | +8.9%Positive MonthJul 2026: +8.87% | +10.6%*Positive MonthAug 2026: +10.55% | — | — | — | — |
| 2025 | +14.4%Positive MonthJan 2025: +14.37% | +7.4%Positive MonthFeb 2025: +7.39% | +6.9%Positive MonthMar 2025: +6.88% | -7.1%Negative MonthApr 2025: -7.08% | -9.1%Negative MonthMay 2025: -9.14% | +2.8%Positive MonthJun 2025: +2.84% | +4.9%Positive MonthJul 2025: +4.92% | +2.8%Positive MonthAug 2025: +2.83% | -4.7%Negative MonthSep 2025: -4.69% | -3.6%Negative MonthOct 2025: -3.61% | -5.0%Negative MonthNov 2025: -5.03% | -5.1%Negative MonthDec 2025: -5.09% |
| 2024 | -10.9%Negative MonthJan 2024: -10.87% | +40.2%Positive MonthFeb 2024: +40.24% | +7.4%Positive MonthMar 2024: +7.42% | -7.2%Negative MonthApr 2024: -7.17% | +3.4%Positive MonthMay 2024: +3.40% | -5.9%Negative MonthJun 2024: -5.89% | +11.9%Positive MonthJul 2024: +11.87% | -15.2%Negative MonthAug 2024: -15.23% | -0.7%Neutral MonthSep 2024: -0.69% | -8.5%Negative MonthOct 2024: -8.51% | +27.2%Positive MonthNov 2024: +27.22% | -13.6%Negative MonthDec 2024: -13.55% |
| 2023 | +10.6%Positive MonthJan 2023: +10.55% | -8.5%Negative MonthFeb 2023: -8.48% | -13.2%Negative MonthMar 2023: -13.23% | -4.3%Negative MonthApr 2023: -4.30% | -16.7%Negative MonthMay 2023: -16.68% | +16.5%Positive MonthJun 2023: +16.54% | +9.9%Positive MonthJul 2023: +9.94% | -1.9%Neutral MonthAug 2023: -1.93% | +6.3%Positive MonthSep 2023: +6.27% | -7.2%Negative MonthOct 2023: -7.16% | -9.5%Negative MonthNov 2023: -9.53% | +13.5%Positive MonthDec 2023: +13.54% |
| 2022 | +4.1%Positive MonthJan 2022: +4.10% | +5.1%Positive MonthFeb 2022: +5.06% | +18.1%Positive MonthMar 2022: +18.09% | -1.2%Neutral MonthApr 2022: -1.18% | +1.3%Neutral MonthMay 2022: +1.28% | -11.4%Negative MonthJun 2022: -11.41% | +13.1%Positive MonthJul 2022: +13.09% | +9.6%Positive MonthAug 2022: +9.58% | -17.1%Negative MonthSep 2022: -17.08% | +26.7%Positive MonthOct 2022: +26.67% | -2.0%Neutral MonthNov 2022: -1.96% | +1.8%Neutral MonthDec 2022: +1.76% |
| 2021 | — | — | — | — | +6.6%Positive MonthMay 2021: +6.62% | -9.4%Negative MonthJun 2021: -9.36% | +4.0%Positive MonthJul 2021: +4.00% | -22.2%Negative MonthAug 2021: -22.19% | -0.4%Neutral MonthSep 2021: -0.39% | -5.6%Negative MonthOct 2021: -5.62% | +15.8%Positive MonthNov 2021: +15.79% | +2.2%Positive MonthDec 2021: +2.15% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.