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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.
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 | |